crypto Archives - Page 12 of 42 - Cryptotimes Africa

Cryptocurrency is viable for the unbanked population

by 'Femi Michael November 21, 2023

Cryptocurrency has taken the world by storm. Starting with Bitcoin, digital currencies have become more than a buzzword. They are now a viable form of payment that businesses, big and small, are starting to embrace. No doubt the opportunity of providing a…

Coins

Dubai Fines 18 Crypto Firms

by 'Femi Michael November 19, 2023

Dubai Virtual Asset Regulatory Authority (VARA) announced it has fined 18 crypto companies so far for failing to engage with its licensing process before the November 17th deadline. VARA warned that additional enforcement actions are forthcoming. In the announcement, VARA stated: 18 Virtual Asset Service Providers…

Coins

Sparking Crypto Price Surge

by 'Femi Michael November 19, 2023

The bitcoin price has more than doubled over the last 12 months, propelling bitcoin and crypto back into the limelight—despite surprise fears the U.S. government and BlackRock's potential bitcoin spot exchange-traded fund (ETF) could be about to "kill" bitcoin. Now, as bitcoin…

Coins

Three crypto companies secure $90M+ raises

by 'Femi Michael November 19, 2023

Blockchain.com, BC Technology Group and Fnality all secured raises in excess of $90 million this week Amid a funding dry spell, this week saw three of the largest crypto raises in recent months. Crypto exchange and wallet service Blockchain.com raised $110 million in a…

Coins

Crypto transactions: Coinbase unveils Onchain Payment Protocol

by 'Femi Michael November 17, 2023

In a significant move to streamline cryptocurrency transactions and address the challenges of volatility, Coinbase (NASDAQ:COIN) has introduced its innovative Onchain Payment Protocol. This open-source solution is designed to offer instant settlements, lower fees, and expanded asset support, with the goal of…

Coins

Paycorp launches App for Cryptocurrency Cash Withdrawals at Nationwide ATMs

by 'Femi Michael November 15, 2023

Fintech company Paycorp has introduced a novel app, CryptoExpress, enabling users in South Africa to convert their cryptocurrency into cash at approximately 3,000 ATMs nationwide. This Android and iOS-compatible app seamlessly integrates with various crypto wallets, allowing withdrawals at Cash Express ATMs…

News

Crypto Market Enthusiasm May Be Misplaced, JP Morgan

by 'Femi Michael November 15, 2023

America’s largest bank is apparently skeptical about recent cryptocurrency market enthusiasm. As Coindesk reported Monday (Nov. 13), a recent research report by JPMorgan Chase calls into question the excitement about the possible approval of spot bitcoin exchange-traded-funds (ETFs) that has led to a bull market for crypto. This sentiment…

Coins

SEC Touts $5 Billion in Penalties After Year of Crypto Dragnet

by 'Femi Michael November 15, 2023

SEC highlights cases against Wall Street brokers, crypto firms Enforcement division brought over 700 actions last year The US Securities and Exchange Commission said that its enforcement actions during fiscal year 2023 led to almost $5 billion in fines and money ordered…

Coins

Ripple exec reiterates need for tech-neutral crypto regulations

by 'Femi Michael November 15, 2023

Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations. A Ripple executive has re-emphasized the need to adopt a…

Bitcoin

Dubai Arm Secures Key License, Paving the Way for Regional Crypto Dominance

by 'Femi Michael November 15, 2023

In a significant leap for Crypto.com’s expansion strategy, the Dubai-based arm, CRO DAX Middle East FZE, has recently secured a pivotal provisional license from Dubai’s Virtual Assets Regulatory Authority (VARA). This landmark achievement propels the company closer to its goal of providing…