Fintech

Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is ‘in the Best Interests of Nigerians’

<div class=”featured_image_container”> </div> <strong>The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem. In his testimony before the Nigerian Senate, Emefiele claimed that the February 5 directive is “in the best interests of Nigerians.” </strong> Crypto Not Money Immediately following …

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Dubai Government Licensing Entity Now Accepts Bitcoin for Payments

<div class=”featured_image_container”> </div> <strong>A government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports.</strong> Kiklabb is a free trade zone that helps companies set up shop in Dubai, a wealthy city and emirate in the United Arab Emirates (UAE). Kiklabb issues trade and other …

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Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network

<div class=”featured_image_container”> </div> <strong>Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly, who is also chairman of the firm, explains that there is no reason not to add cryptos when these are increasingly becoming “a recognized means of exchange.” </strong> Digital Gold Segment In …

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Anchorage Obtains Federal License to Operate as Crypto Bank

<div class=”featured_image_container”> </div> <strong>The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country.</strong> In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter, which allows it to …

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Visa abandons $5.3 billion acquisition after DOJ objections

hatchapong via Getty Images Visa has abandoned its $5.3 billion bid to acquire fintech startup Plaid. In an announcement on Tuesday, the US Department of Justice said the two companies have agreed to call off their merger. The agency filed a lawsuit to block the deal last November, alleging at the time that, had it …

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Microstrategy’s BTC Holdings More Than Double in Value to $2.4 Billion Four Months Later

<div class=”featured_image_container”> </div> <strong>The continuing bitcoin price rally has seen the value of Microstrategy’s total holdings of the digital asset go up by 100%. Specifically, the company has seen the value of its initial haul of 38,250 coins grow to over $1.3 billion from the $425 million spent. </strong> Market Capitalization By Almost 200% The …

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Canadian Company Mojo Invests $1.5 Million in Bitcoin, Plans to Allocate More Next Year

<div class=”featured_image_container”> </div> <strong>On December 23, 2020, the Canadian financial tech firm Mogo announced its plans to invest 1.5% of the company’s reserve assets into bitcoin by the year’s end. Mogo’s president and CFO said the initial corporate investment of up to $1.5 million in bitcoin builds on the company’s product development related investments in …

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Was 2020 a ‘DeFi year,’ and what is expected from the sector in 2021? Experts answer

Figuring out the point at which decentralized finance began almost always ends up in a rhetorical debate. Some argue that Bitcoin’s (BTC) invention a decade ago marked the start of it, as the major cryptocurrency was the first peer-to-peer digital money and represents the conceptual core underpinning DeFi. Others say — and would be technically …

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American Express’ Venture Arm Invests in a Cryptocurrency Trading Platform

<div class=”featured_image_container”> </div> <strong>American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s desire to cash in on the growing institutional interest in cryptocurrencies. </strong> Amex …

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SM Digital Holding and Wallex Prove That Bulgaria Is the Next Leading Hub for Fintech Companies

<div class=”featured_image_container”> </div> <strong>Many fintech startups and established companies are now looking for a new home across Europe due to <span class=”js-about-item-abstr”>Brexit</span>. Bulgaria is shaping up to be the top destination for many of them, including crypto, blockchain and licensed electronic money institutions, as proven by leading firms such as SM Digital Holding and Wallex.</strong> …

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