Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […] Source
Cryptocurrencies and blockchain technology are really the latest transformative tools to have emerged for SMBs in their quest to reduce banking costs and smoothen financial operations. Most traditional banking services charge high transaction fees, take a long time to process and are not cross-border capable. By leveraging crypto, SMBs find innovative ways to enhance efficiency and stay competitive in an increasingly globalized market. High Banking Costs While trying to avail every facility available, even smaller and medium-sized businesses face more serious problems through traditional bank systems. Indeed, in a recent…
The Japanese cryptocurrency exchange DMM Bitcoin, part of the DMM.com Group, is ceasing operations and preparing for liquidation. The exchange plans to transfer its customer deposits to SBI VC Trade, a local crypto exchange owned by SBI Holdings, by March 2025. Asset Transfer to Another Exchange Announced today (Monday), DMM Bitcoin and SBI VC have reached a basic agreement for the transfer of all customer accounts and deposit assets. “Under this agreement, customer deposit assets (in Japanese yen and crypto assets) in accounts opened on DMM Bitcoin will be transferred…
XRP has surged to become the fourth-largest cryptocurrency, overtaking solana (SOL), as legal clarity and regulatory optimism spark renewed confidence among investors. XRP Soars Past Solana, Reclaiming a Top Crypto Spot XRP has displaced solana (SOL) to become the fourth-largest cryptocurrency by market capitalization, following an impressive increase in value during November. As of writing, […] Source
Japan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents. Users of 5 Exchanges May Lack Asset Protection The Financial Services Agency (FSA), Japan’s financial regulator, announced Nov. 29 that it has issued warning letters to five cryptocurrency exchanges it accuses of operating without registration. The five crypto exchanges […] Source
Two popular altcoins are surging in price after receiving surprise listings from US-based crypto exchange platform Bitstamp. In a new blog post, the crypto exchange says that its US branch is adding support for smart contract platform Solana (SOL) and Pepe (PEPE), a frog-themed meme asset built on top altcoin Ethereum (ETH). “The day US fans of Solana and Pepe have been waiting for is finally here! We’re excited to announce that well-known Solana and the popular meme coin Pepe are now available for trading on Bitstamp in the US.”…
PRESS RELEASE. LaFinteca, a leading financial services company in Latin America, today announced a strategic partnership with UTORG, a top provider of cryptocurrency solutions in Europe. This collaboration aims to integrate UTORG’s advanced technologies into LaFinteca’s operations, enhancing its digital payment solutions and establishing UTORG as LaFinteca’s main partner in Europe. With the growing demand […] Source
21shares announced the launch of 4 new exchange-traded products (ETPs) focused on oracles, tokenization, decentralized computing, and artificial intelligence. New ETPs for Retail Investors 21shares, a provider of cryptocurrency exchange-traded products (ETPs) has expanded its portfolio with the launch of four innovative ETPs targeting high-growth sectors in blockchain and crypto technology. These new products focus […] Source
On November 28, 2024, during the festive spirit of Thanksgiving, Eric He, LBank’s community angel officer and risk control adviser, announced on social media that LBank has officially reached 15 million registered users, and shared the thanksgiving for users’ support. Meanwhile, the LBank’s Gratitude Week is in full swing, inviting users to share their personal […] Source
SIX Group, Switzerland’s principal financial market infrastructure operator, has appointed Bjørn Sibbern as its new Chief Executive Officer (CEO), effective January 1, 2025, marking a leadership transition at one of Europe’s major exchange operators. SIX Names Exchanges Chief Sibbern as CEO to Succeed Dijsselhof Sibbern, who currently serves as Global Head Exchanges and sits on SIX’s Group Executive Board, will succeed Jos Dijsselhof, who is stepping down after a transformative seven-year tenure to pursue opportunities in the Middle East. The Danish executive brings more than two decades of capital markets…