Author name: Peter

Vella Finance Drops Crypto Services, Shifts Focus to SME Banking

Vella Finance's Decision to Drop Crypto Services Vella Finance, a Nigerian fintech startup, has recently announced that it will no longer offer crypto-related services starting on October 30. The company's co-founder, Tolu Adedayo, stated that providing both crypto and banking services simultaneously is not feasible, leading to the decision to drop crypto services and instead […]

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California’s Digital Financial Assets Law: What You Need to Know

Introduction On October 13, 2023, California implemented the Digital Financial Assets law, marking the state's first comprehensive regulatory framework for digital asset markets. This article will explore the key provisions of the law and its impact on various aspects of the crypto industry. Understanding Key Definitions Before delving into the specific provisions of the Digital

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Lawmakers Urge DOJ to Consider Criminal Charges Against Binance and Tether

Introduction Two U.S. lawmakers have recently called on the U.S. Department of Justice (DOJ) to investigate Binance and Tether for potential criminal charges. The lawmakers alleged that these two cryptocurrency platforms were used to fund Hamas, a designated terrorist organization. They emphasized the need for the DOJ to evaluate whether Binance and Tether have violated

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The Power of Dollar Cost Averaging: A Reddit User’s Bitcoin Investment Experiment

Introduction In a compelling tale of persistence and financial prudence, a Reddit user by the name of u/Gorillahair2000 embarked on a unique investment experiment to showcase the potential rewards of consistently investing small amounts into Bitcoin. This experiment aimed to determine whether allocating just $5 per day into Bitcoin would yield worthwhile returns. Over the

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Crypto Exchanges Face Historic Liquidity Crunch Ahead of Bitcoin Halving

Bitcoin Exodus: Over $2 Billion in BTC Withdrawn from Exchanges in 90 Days In the past 90 days, trading platforms have seen a significant decrease in the number of bitcoins available for trading. Approximately 60,000 bitcoins, valued at just over $2 billion, have been removed from these exchanges. Currently, the total number of bitcoins on

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Biggest Movers: SOL Hits Near 1-Year High, Gaining 9% on Monday

Solana (SOL) experienced a significant surge, reaching a near one-year high at the start of the week. The cryptocurrency surpassed the $35.00 level, as bullish investors propelled its price upwards. This surge coincided with a rally in the global crypto market cap, following a recent period of consolidation. Additionally, Avalanche (AVAX) also saw a modest

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South Koreans Show Greater Interest in Altcoins Compared to Americans, Research Finds

Altcoins Garnering Attention from South Korean Investors A recent report reveals that South Korean cryptocurrency traders have a higher inclination towards investing in high-risk altcoins, compared to their American counterparts. The study indicates that the trading volumes of major cryptocurrencies such as bitcoin and ethereum on the largest Korean exchange are significantly smaller than those

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The Top Ten Countries Grappling with High Inflation Rates in 2023

Venezuela: The Highest Inflation Rate at 360% According to the International Monetary Fund (IMF), Venezuela is currently experiencing the highest inflation rate in the world at a staggering 360%. The Venezuelan bolivar has been consistently struggling against diminishing purchasing power, making it difficult for the citizens to afford goods and services. Zimbabwe: Triple-Digit Inflation at

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