Babafemi Adebajo

The global anti-money laundering agency has finalized its regulations for the cryptocurrency industry. Plans are on the ground to publish the guidelines next week.Marcus Pleyer, President of the Financial Action Task Force (FATF), disclosed this at a press meeting on Thursday. Speaking about the completed crypto guideline, Pleyer said, “These guidelines that we finalized for […]

Digital collectibles firm, Candy Digital, is now valued at $1.5 billion after raising $100 million in a Series A round. SoftBank’s Vision Fund 2, Insight Partners, and Connect Ventures led the investment round. This is another mile marker for the NFT ecosystem that has continued to grow since the sports NFT boom that set in […]

Solana-based asset management protocol, Synchrony, has raised $4.2 million in a strategic funding drive. The funding was secured in two rounds of seed and private token sales. Sanctor Capital, Wintermute Trading, HashKey, Magnus Capital, and several others led the round. According to Andrew Fraser, Cofounder of Synchrony Labs, “Synchrony is hyper-focused on fostering an inclusive […]

Leading cryptocurrency exchange FTX has raised $421 million in its recent Series B-1 funding round and a valuation of $25 billion according to its press release. Participants in the round included Temasek, Sequoia Capital, Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Ribbit Capital, Lightspeed Venture Partners, and more. In all, there were […]

Bank of America has included 23 additional stocks to its equities crypto research list that might experience growth in market value from exposure to cryptocurrencies. The new list includes firms ranging from social media corporations to payment providers, depicting the increasing reach of digital assets. The new firms are MasterCard, Hewlett-Packard Enterprise, Infosys, Oracle, Tesla, […]

In response to Gary Gensler, SEC’s chair’s Friday announcement, the dollar value of the open interest of the Chicago Mercantile Exchange (CME) Group experienced a significant boost. According to insights obtained from Bybt, the dollar value of open interest (OI) was $3.64 billion by the end of Friday. Compared to the earlier in the month, […]

Chief Executive Officer of the payment provider, Square, Jack Dorsey has announced the firm is considering developing Bitcoin mining hardware. Dorsey made this known in a series of posts on Twitter last Friday. According to him, the company is looking to develop a “bitcoin mining system based on custom silicon.” This is expected to improve […]

The office of the Attorney General of the State of New York has directed two crypto lending firms to cease operations in the state. The two firms, Celsius and Nexo were reportedly found to violate the Martin Act. The move continues a sleuth of regulatory clampdowns on crypto lending firms. This comes despite growth in […]

Cryptocurrency-oriented social network, Blockster, has announced the launch of a liquidity provider rewards program for its token, BXR. Based on the announcement, the project will make available 2 million BXR to users who lend liquidity to their BXR/ETH market on Uniswap. The tokens will be earned by users who stake their tokens in the BXR/ETH […]

The US SEC has finally approved bitcoin futures exchange-traded funds (ETFs) for the cryptocurrency market on Friday. ProShares, the company that applied for a Bitcoin ETF could be the first to launch in the coming week. ProShares stated that its post-effective amended prospectus filing would launch on Monday, Oct. 18, with or without trading. Series […]

London-based blockchain analytics firm, Elliptic, has raised $60 million in its Series C funding. The funding round was led by a Japanese bank, SoftBank Group. Other investors who participated include AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group, etc. Recall that following its Series A funding […]

Giant payments firm, Stripe, has indicated that it’s building a new crypto team from tweets made by its representative on Tuesday. The payments processor was among the first to support Bitcoin remittances in 2015 before quitting the support three years later. From the company’s statements then, rising operating costs were one of the significant deterring […]

Cryptocurrency exchange, Coinbase Global Inc. has unveiled plans to create its NFT marketplace, Coinbase NFT, by the end of the year. The company announced this via a blog post on Tuesday. It stated that its peer-to-peer marketplace will allow users to mint, discover, collect and trade collectibles.  According to the Vice president of Products, Sanchan […]

A leading crypto exchange platform, Binance, has announced it will delist the Chinese Yuan from its consumer-to-consumer platform. This comes on the heels of an intensification of regulations regarding companies offering crypto-related services in China. On September 24, about 10 Chinese regulators declared any crypto-related transactions in the country illegally. The bodies also threatened action against […]

US-based branch of cryptocurrency exchange FTX has unveiled its collectibles marketplace, FTX NFT. Prior to the announcement, you could only trade NFTs that are minted directly on the website on the FTX.US’s NFT marketplace. Now, the new marketplace will support the buying and selling of NFTs based on the Solana blockchain. Speaking about the development, […]

Maiquetia International Airport, one of Venezuela’s most prominent civil airlines, says it has plans to accept cryptocurrency for its flight tickets payment. The Director of the Airline, Freddy Borges, stated that the company has plans to include cryptocurrencies like dash, Petro, and Bitcoin in its payment system. “We will activate a button for cryptocurrency payments […]

In 2019, news that Facebook had plans to create a global cryptocurrency, Libra, filled the news media. A moment of silence followed that could suggest they backed down on the issue. Now, Facebook has restrategized and launched “another” worldwide virtual currency, named “Diem”.  The defunct Libra Association, expected to manage the initial project, changed to […]

London-based financial services platform, BVNK, has launched its digital asset platform. By so doing, it intends to eliminate the hurdles that keep fast-growth financial services providers and businesses from maximizing the benefits of cryptocurrencies. The platform aims to set new global standards for digital asset financial services from its European headquarters. The new business model […]