Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank â Fintech Bitcoin News
[ad_1] Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwaveâs representative in the country, the two licenses make it possible for her company âto provide […]
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks â Finance Bitcoin News
[ad_1] Silicon Valley Bankâs (SVB) collapse has had a âlimited impactâ on the European Union but authorities must still âstay alertâ to events as they unfold, European Commissioner Mairead McGuinness has said. Despite McGuinnessâ reassuring remarks, stocks of Europeâs largest banks still plunged by as much as 10% on March 15. Silicon Valley Bankâs âLimitedâ […]
Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal â Regulation Bitcoin News
[ad_1] The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagniâs bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue for the voiding of the extradition process. […]
South African Rand Plunges to New 2023 Low Versus the US Dollar â Africa Bitcoin News
[ad_1] Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africaâs power shortages as well as the countryâs recent grey-listing by the Financial Action Task Force (FATF) […]
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes â Bitcoin News
[ad_1] According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)âs demonetization of the 1,000, 500 and 100-naira banknotes. According to the court, Nigerian residents will continue to use the demonetized banknotes until the end of the year. Court Criticizes Outgoing Nigerian […]
Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022 â Regulation Bitcoin News
[ad_1] According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half of the $407.7 million that was lost […]
Nigerian Crypto Leverage Searches Second-Highest Globally â Africa Dominates Searches for Leveraged Trading Products â Africa Bitcoin News
[ad_1] According to an analysis of Google searches by Leverage Trading, Nigeria is the âsecond-highest country in the world for searches related to crypto leverage.â Along with South Africa and Ghana, the West African nation also dominates searches for the term âtrade crypto.â Regulators and consumer protection agencies must âprovide greater safeguards against predatory practices,â […]
Innovations Help to Substantially Reduce the Gap Between Decentralized and Centralized Exchanges â Dexalot COO â Bitcoin News
[ad_1] While centralized exchanges are thought to be safer and more efficient, proponents of decentralized platforms like Tim Shan insist that user experience on decentralized exchanges has improved. In addition, inherent benefits associated with decentralized exchanges such as the self-custody of assets make look more appealing than centralized exchanges. Decentralized Exchanges Closing the Gap Despite […]
Mirror Trading International Liquidators Spent More Than $6 million on Lawyers and Investigators â Africa Bitcoin News
[ad_1] Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyersâ or consultantsâ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered approximately $770,000 which belonged to MTI. Liquidatorsâ Fees Liquidators of the collapsed bitcoin […]
Kenyan Senate Ready to Engage Central Bank â Bitcoin News
[ad_1] The Kenyan Senateâs Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the countryâs policy towards crypto assets and virtual asset service providers. According to the committee, such a policy helps govern the use of crypto assets in the country […]