The funding round for Monad was led by crypto venture capital firm Dragonfly Capital with the participation of 70 other investors, including Placeholder Capital, Lemniscap, Shima Capital, Finality Capital, as well as angel investors in the digital asset space including Naval Ravikant, Cobie, and Hasu, the statement said. Source
press release PRESS RELEASE. For foreign investors who have always wanted to diversify their portfolio with African assets but have been held back by security and transparency, this might be a game-changer. Africa is a continent that is rich with potential and opportunity. However, due to prolonged periods of negative portrayals and limited access to resources or capital, it has not been able to maximise this potential. This has led to a lack of economic growth and development in many African countries. While many attempts have been made to address…
Interactive Brokers, a global brokerage firm with headquarters in the United States, announced the launch of its crypto trading services for institutional clients in Hong Kong on Feb. 14. The crypto trading services were launched in association with OSL Digital Securities, a Securities and Futures Commission-licensed digital asset brokerage and trading platform for professional investors. Individuals with more than 8 million Hong Kong dollars ($1 million) in investable assets, or institutions with HK$40 million ($6 million), who are Hong Kong residents, can now trade cryptocurrency alongside other asset classes available on…
The metaverse, also known as the virtual universe, is a concept that has been around for decades in science fiction literature but has recently gained traction as technology has advanced to make it a more realistic possibility. Essentially, the metaverse is a virtual world that is fully immersive and interactive, and can be accessed by users through various devices such as VR headsets or augmented reality glasses. This blog holds the concept of the metaverse, a virtual world that is fully immersive and interactive, and the potential it holds for…
According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm had “instituted a number of changes over the past year to ensure all internal governance structures are best-in-class.” Money Laundering Allegations More than six months after a Kenyan High Court granted an order to freeze bank accounts belonging to the Nigerian fintech unicorn Flutterwave, Olugbenga…
“Rising market prices enticed traders to take on more leverage, in the form of borrowing stablecoins, which was then used to buy more crypto,” analysts Sheena Shah and Kinji Steimetz wrote. “Falling market prices were catalyzed by a reduction in crypto liquidity caused by traders closing long crypto positions, followed by redemptions of the stablecoin received.” Source
The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs). THe FCA and the cyber team at West Yorkshire Police have taken action against several sites in and around Leeds city suspected of hosting illegally operated crypto ATMs. Announcing the news on Feb. 14, the FCA emphasized that no crypto ATM operators in the United Kingdom currency have FCA registration. The authority stated that all crypto exchange providers — including crypto ATM operators — must be registered with the FCA and comply…
Indian authorities once again demonstrated their tough stance on cryptocurrencies with a preemptive ban on crypto advertising and sponsorships in the local women’s cricket league. As reported by Planet Sport on Feb. 14, the Board of Control for Cricket in India (BCCI) sent a 68-page advisory to the Women’s Premier League teams, specifying the activities which couldn’t be advertised. In the document, cryptocurrencies were mentioned along with the gambling and tobacco industries: “No franchisee shall undertake a partnership or any kind of association with an entity that is in any…
Bitcoin’s average block size has hit all-time highs above 2.5MB for the first time since its inception in 2009, driven by the launch of nonfungible tokens (NFTs) protocol Ordinals in January 2023. Block size data from Blockchain.com reflects a jump in Bitcoin block size from the beginning of February 2023, increasing over 2MB in the weeks following the launch of the Ordinals Protocol. The average block size over the past 24 hours in megabytes: Source: Blockchain.com As Cointelegraph previously reported, participants from the Bitcoin mining ecosystem have already made over…
Charges can wait until the Department of Justice’s case against the FTX founder concludes, the securities regulator said Source