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Solana “remains a near-term standout” after reaching $235, but may see some minor consolidation following the latest rally. FSInsight predicts further gains up to $308.60 and suggests buying during dips. If, however, there is a pullback, FSInsight sees first support in solana at $178.56 and then at $152.54. Original
According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. Abbas Ashtiani, head of the Iran Blockchain Association (IBA), said that Iranian regulators such as the Central Bank of Iran (CBI) are unable to regulate digital assets. The IBA has requested for the establishment of an “independent counsel” to assume responsibility, according to a report by the Financial Tribune. While speaking…
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Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash was able to raise $100 million in the first Series C funding round. Besides FTX, other investors that participated in Chipper Cash’s latest funding round include SVB Capital, which led…
Global payment giant PayPal is going after cryptocurrency wallet TokenPocket over an alleged trademark infringement. Apple temporarily removed the TokenPocket wallet from the App Store, the company announced Nov. 4. According to the firm, the reason for removal was a complaint from PayPal concerning an alleged trademark issue. TokenPocket said that they received communications from PayPal over the dispute with their company’s trademark in a letter earlier this year. TokenPocket stressed that they are willing to resolve in a friendly way, and PayPal “has no more replies to this.” “We…
Global crypto exchange Binance is starting a 100-million euro ($115 million) initiative to develop the blockchain and crypto ecosystem in France and Europe, Binance CEO Changpeng “CZ” Zhao announced in a talk with French Minister Cédric O at the French Ministry of Finance in Paris. Binance is launching the new initiative, officially named “Objective Moon,” in partnership with the local financial technology association France FinTech. The association will help Binance connect and work with the local fintech sector, a Binance spokesperson told Cointelegraph. According to the announcement, Objective Moon would see…
Kazakhstan has limited the amount of money local retail investors can put into crypto, domestic news website Kapital.kz reported on Wednesday. Retail investors can invest 10% of their annual income or 5% of their total assets, excluding their main residence, up to $100,000 per year, as long as they provide evidence of their finances to the regulator, the site reported. Should investors not provide any evidence for their finances, they can invest up to $1,000 per month, according to Kapital.kz, which said it attained the information from the Astana Financial…
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“Creating these NFTs is a unique opportunity to continue growing and consolidating the Barça brand by bringing unique moments that have made Barça fans dream and FC Barcelona a well-known club on every level,” Joan Laporta, the club’s president, said in a statement. Source