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…
Fintech company TurnStay, based in South Africa, has raised $300,000 (more than R5.4 million) from investors DFS Lab and Digital Currency Group, based in Silicon Valley and New York. The company intends to build on the considerable traction already attained and use…
Hardware wallets are physical devices that enable you store sensitive private key information on a device that isn’t usually linked to the internet. Unlike hot wallets, which are often user-friendly and connected to the internet, hardware wallets, also known as cold wallets,…
According to a recent CoinGecko analysis, the entire market capitalization of cryptocurrency regained some of its gains in Q2 2024 after almost reaching all-time highs in Q1 2024. It decreased by $408.8 billion (-14.4%) and closed at $2.43 trillion in June 2024.…
Infiniti n Beyond Limited has been accepted into the Capital Markets Authority Regulatory Sandbox by the Capital Markets Authority of Kenya (CMA Kenya) to test OwnMali, a cutting-edge blockchain-enabled real estate tokenization platform. The most recent blockchain product to be accepted into…