Monero avoids crypto market rout, but XMR price still risks 20% drop by June

Monero (XMR) has shown a surprising resilience against the Federal Reserve’s hawkish policies that pushed the prices of most of its crypto rivals — including the top dog Bitcoin (BTC) — lower last week.  XMR’s price closed the previous week 2.37% higher at $217, data from Binance shows. In comparison, BTC, which typically influences the broader crypto market, finished the week down 11.55%. The second-largest crypto, Ether (ETH), also plunged 11% in the same period. XMR/USD vs. BTC/USD vs. ETH/USD weekly price chart. Source: TradingView While the crypto market wiped…

BMLL Announces Partnership with Aquis Exchange

BMLL, one of the prominent independent providers of harmonized, historical Level 3 Data and analytics, announced today that it has formed a collaboration with Aquis Exchange, the operator of Pan-European equity trading exchanges, to facilitate its members through market quality and liquidity analytics. With the use of the granular Level 3 Data and analytics from BMLL, Aquis will be able to monitor and evidence liquidity dynamics. In addition, the company will provide its members with third-party, independent verification on the availability of passive liquidity on its own venues versus other…

Indian central securities depository to back up its monitoring of bonds by blockchain

The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform.  NSDL officially launched the distributed ledger technology (DLT) platform on Saturday, May 7, during its 25th anniversary presentation, alongside the Securities and Exchange Board of India (SEBI). The platform is expected to strengthen the monitoring of security and governance in the corporate bonds market to bring “further discipline and transparency to the market.” SEBI Chairperson Madhabi Puri Buch underscored the blockchain’s transparency as the key reason for the technology’s popularity but made…

🟢Modi on Crypto Ban Latest Update | Cryptocurrency Bill India 2021 | Bitcoin update

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Central African banks scold the CAR for Bitcoin adoption

The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies. In a letter addressed to the CAR Finance Minister Hervé Ndoba, the Governor of the BEAC Abbas Mahamat Tolli describes the “substantial negative impact” that the CAR adopting crypto will have on the monetary union of Central Africa. The CAR passed a bill announcing its intention to adopt cryptocurrencies in April. No surprise that the International Monetary Fund…

‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’ – Interview Bitcoin News

The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startups have dominated the continent in terms of funds raised or the number of transactions performed. Nigeria’s Burgeoning Fintech Scene This dominance has convinced VCs to pour tens of millions of dollars into different Nigerian fintech projects. In fact, a few fintech startups that originated in Nigeria, the continent’s most populous country, have managed to secure funding in excess…

Here’s how NEAR aims to improve Kenya

Kenya-based blockchain community Sankore has partnered with Swiss nonprofit NEAR Foundation to launch a regional hub that aims to develop talent within the region and build projects that aim to improve the local ecosystem.  Sankore supports projects like Kilimo Shwari, which is a blockchain-based insurance program that helps farmers deal with natural disasters. Apart from this, the firm also supports Ledja, a project which focuses on combating fraudulent documentation within Africa by using NEAR Protocol for document verification. The partnership will further these initiatives by developing talent within the region…

SIX Swiss Exchange Welcomes Virtu ITG Europe Limited as New Trading Participant

SIX Swiss Exchange today confirmed that Virtu ITG Europe Limited has started trading on the exchange. The platform has welcomed Virtu ITG Europe Limited as a new trading participant and that has pushed the overall number of trading participants on the exchange to 95. SIX noted that the participants will be able to take advantage of highly liquid and efficient trading on the platform. In the past 12 months, the SIX Swiss Exchange welcomed some of the leading names in the financial services industry as trading participants and issuers. Recently,…