Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded. Cryptocurrency Now a Necessity Despite ongoing efforts by regulators…
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The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.” South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users…
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While 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation. As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing $68,000 for the first time since inception, the year…
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While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity. The Chairman of the Securities and Exchange Board of India (SEBI) Ajay Tyagi urged mutual funds to avoid investing in crypto-related assets as the government considers new cryptocurrency rules. Speaking at a press…
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GameFi initiatives have seen a steep increase since June 2021, owing to a sizable reduction in transaction costs and improved user experience. Crypto exchange Huobi’s research arm, Huobi Research, has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi implies the use of decentralized finance (DeFi) and blockchain gaming…
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What was the most important thing that happened within the crypto and blockchain space this year? How has it affected the whole industry? André Neves of Zebedee: André is the chief technology officer of Zebedee, which enables programmable payments and small transactions to power economies for virtual worlds. “2021 has been the year of the…
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Co-founded in 2018 by Chinese R&D expert Tang Hongbo, DeBank allows users to track 798 protocols across 17 chains. DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China. The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total…
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The Central Bank of Russia (CBR) plans to obtain information from commercial banks pertaining to some money transfers between private individuals, including clients trading cryptocurrency. The measure is likely to affect online crypto exchangers which the regulator accuses of conducting illegal operations. Central Bank to Check Transactions Between Russians Exchanging Crypto As part of efforts…
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As new cryptocurrency storage offerings emerge, users must carefully weigh several factors before making their choice. How can new and avid cryptocurrency users find a wallet that meets their needs? Cryptocurrency holders can seek out wallets that offer the best of security, functionality and usability –– features that cater to any set of users. Users…
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The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated, however, that the authority’s hardline stance…
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