The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $ 1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated Alternative Capital Raising Platform The decentralized cross-asset marketplace, Mesh.trade, recently launched …
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $ 28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month, sleeping bitcoin wallets from 2017 moved about 1,636.94 BTC through 23 …
Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $ 220 million fine contains multiple inaccuracies and misrepresents how the platform operates. …
Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner, the opposition forces contested the election. This is due to the lack of a complete breakdown […]
Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through Futu’s platform. “We are actively working on expanding our crypto offerings in the near future,” the company said. Last month, […]
India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement cash and existing payment systems, serving both wholesale and […]
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $ 18.3 million, contrasting with inflows observed in their ethereum counterparts. The most significant gain was recorded by Blackrock’s IBIT, while Grayscale’s GBTC suffered the largest losses. $ 18.3M Net Outflows in U.S. Bitcoin ETFs; GBTC Hit Hardest The total …
Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($ 8.3 million). Argo Blockchain Announces $ 8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: …
Microstrategy’s executive chairman, Michael Saylor, predicts that by 2045, bitcoin’s price could range from a bear case of $ 3 million to a bull case of $ 49 million, with a base case of $ 13 million. He highlighted bitcoin’s role in revolutionizing the global economy, advocating for its adoption as a …
Asset management firm Vaneck released a report projecting bitcoin could reach $ 2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability …
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to […]
Over the past week, non-fungible token (NFT) sales experienced a 7.59% rise, with $ 108.59 million in transactions finalized during the last seven days. Ethereum topped NFT sales for the week, generating $ 32.59 million, a 5.95% increase. NFT Market Gains Modest Momentum This Week Solana followed as the second leading blockchain, with …
Although the data for Thursday’s ether exchange-traded fund (ETF) performance, concerning inflows and outflows, remains incomplete, it is evident that trade volume was marginally lower than the first two days. The funds currently hold slightly over $ 9 billion in ether, with about 2.91 million ether secured. Ether ETFs Manage $ 9.25 Billion …
The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating cryptoasset trading. The violations involved significant transactions undetected for almost two years. FCA Fines Coinbase’s […]
The Egyptian fintech giant MNT Halan has raised $ 157.5 million to fund its regional expansion. Mounir Nakhla stated that MNT Halan’s planned international expansion will happen through mergers, acquisitions, and partnerships. MNT Halan Targets Pakistan The Egyptian fintech giant, MNT Halan, has raised $ 157.5 million in its latest funding round. The …