Tag: digital assets

Société Générale Introduces EUR CoinVertible Amidst Stablecoin Surge

Société Générale, the third largest bank in France, has officially announced the release of EUR CoinVertible. the first euro-pegged stablecoins.  The upcoming Markets...

Fintech Frontier: Stitch’s “Pay with Crypto” Redefines South Africa’s Payments

"Pay with Crypto" transcends conventional limitations, presenting itself as a versatile solution applicable across diverse industries. Paycorp's new application, CryptoExpress, aims...

Cybersecurity Breach Shakes Kronos Research: $25 Million Crypto Loss Revealed

A hacker exploited compromised API keys at Kronos Research, a quantitative trading firm, making off with a substantial $25 million in crypto assets. ...

Paycorp Unveils CryptoExpress App for 3000 ATMs in South Africa

Since 1998, Paycorp has dedicated itself to resources and working to provide more accessible ways to send and receive money. Currently, there are...

Ripple Empowers Onafriq Fintech: Unleashing Cross-Border Payment Capabilities Across Africa

Ripple has partnered with Onafriq fintech to expand cross-border payment systems in Africa. On November 5th, 2023, MFS Africa officially rebranded to...

Revitalizing NFTs: Yuga Labs and Magic Eden’s Ethereum Venture Sparks Hope

Yuga Labs has partnered with a cross-chain NFT platform, Magic Eden, to launch a new Ethereum NFT marketplace. Yuga Labs has recently taken...

Parliamentary Directive: BAK’s Unprecedented Role in Crypto Bill Creation

Blockchain Association of Kenya received a two-month timeframe to draft a robust and standard crypto bill. The crypto bill will become the Virtual...

Ripple and DZ Bank Team Up to Expand Crypto Services in Germany

DZ Bank announced the establishment of a digital asset custody platform that will bridge the gap between traditional banking stems and digital assets....

Mauritius Financial Services Commission Initiates Dialogue on Metaverse Integration

The FSC has decided to dedicate November to gathering comments on the Metaverse to boost Mauritius' digital economy. Since 2018, FSC Mauritius has...

The Finale of the FTX Saga

After only a month of court proceedings and four hours of jury deliberations, the court found Sam Bankman Fried guilty of all seven...

Bridging Finance Worlds: Mastercard’s MoonPay Partnership

Mastercard is partnering with MoonPay to integrate cryptocurrency and explore the potential of Web3 tools in the global payment landscape. The partnership aims...

Exploring the roadmaop towards creating your African NFT collection

Explore the steps to create your African NFT collection and join the exciting world of NFT minting, digital assets,  the NFT marketplace, and...

Challenge of linking crypto to traditional banking

Integrating cryptocurrencies with conventional financial systems becomes increasingly essential as they become more commonplace. This presents several obstacles to overcome before cryptocurrencies can realise their full potential. For instance, traditional institutions may be hesitant to work with cryptocurrencies due to concerns about money laundering and other illicit activities. Moreover, the technical difficulty of integrating cryptocurrencies with existing banking systems can prove intimidating.

A new crypto exchange EDX Markets launched

A new crypto exchange backed by firms including Fidelity Digital Assets, Charles Schwab Corp. and Citadel Securities has confirmed that it has gone live. This launch could reshape the digital-asset landscape amid heightened regulation and scrutiny of the cryptocurrency sector. EDX Markets is a new crypto exchange designed to meet both the needs of native digital assets firms and the largest financial institutions globally. The creators of EDX intended to enable faster, safer, and more efficient cryptocurrency trading, leveraging best practices from traditional financial markets on a purpose-built platform.

Social media and blockchain: The phenomenal ascendancy of social tokens

Social tokens are digital assets issued by creators, communities, or brands to represent ownership or access to certain benefits within a specific ecosystem. ...

The mixed state of cryptocurrency in the East African region

Somalia has approximately 155 million transactions, accounting for $2.7 billion monthly.  The Bank of Uganda showed interest in crypto businesses participation in its...