A major change in Ethiopia's economic strategy has been declared by the government: the adoption of a market-based exchange rate system. This means that banks can now buy and sell foreign currencies at freely negotiated rates to and from their clients as…
The likelihood is that if you frequently use Ethereum blockchain apps, you've encountered MetaMask. Any digital asset generated on Ethereum can be stored using MetaMask, which is free and open-source. Additionally, MetaMask is compatible with a large number of Web3 applications that…
The cloud-based messaging software, Telegram, will launch its own app store by the end of July 2024 after recording 950 million users, according to CEO and Founder, Pavel Durov.
On July 22, 2024, Durov tweeted on his channel, "To keep the fire…
Stablecoin demand has increased again in 2024, with a circulating supply of around $150 billion, based on statistics from VISA's Visa Onchain Analytics tool. Looking at the monthly transaction volume, just $265 billion of the $2.65 trillion in transfers over the previous…
ZARCoin (ZARC) is a stablecoin that is 1:1 tied to the South African Rand (ZAR), and it was just established by the South African DeFi startup, NeoNomad. This digital currency, which was introduced on July 11th, 2024, aims to close the gap…
On their first day of trading, the nine Ether Exchange-Traded Funds (ETFs) in the United States had a collective trading volume of around $1.08 billion, which is 23% of what the spot Bitcoin ETFs witnessed. The ETFs, which went public on July…
By August 22, 2024, Mercury, a well-known banking partner for startups, promises to cancel users' accounts in a number of nations, including thirteen African nations.
“Due to recent changes in how we determine account eligibility, we are no longer able to support…
DoPay, an Egyptian financial firm, has declared the completion of a significant $13.5 million Series A extension funding round. The company previously raised $18 million in a Series A fundraising round. It offers a digital payroll and payments platform to unbanked and…
The ETH Exchange Traded Funds are scheduled to become live on July 23, 2024, following the products' final certification by U.S. regulators. The largest asset manager in the world, Blackrock, stated that the Ishares Ethereum Trust ETF (ETHA), which will offer a…
Zambia’s proposed ban on charging foreign currency in local transactions — punishable with 10-year jail terms — might defeat its own purpose, according to the International Monetary Fund (IMF). In June 2024, the Bank of Zambia (which is the Central Bank of…