In 2021, African fintech startups accounted for 61% of the $2.7 billion in enterprise capital funding that was deployed on the continent, a brand new examine has discovered. Whereas its share of world fintech funding is simply over one p.c, the continent’s fintech sector nonetheless recorded one of many highest year-on-year progress charges globally. ‘File-Excessive …
Roughly 14 years in the past as we speak, on Halloween, Satoshi Nakamoto launched Bitcoin to the world by sharing the famend white paper. Satoshi’s invention, shared on metzdowd.com’s Cryptography Mailing Checklist, not solely solved an issue that had plagued laptop scientists for years, however the invention additionally redefined how individuals have a look at …
The Argentine Tax Authority (AFIP) is ramping up its combat towards cryptocurrency-related tax evasion. On Oct. 28, the group knowledgeable it had despatched notifications to three,997 taxpayers about incongruencies between their tax statements and experiences on their cryptocurrency holdings. These statements being reviewed correspond to experiences of operations occurring in 2020. Argentine Tax Authority AFIP …
After Huobi International introduced that it could be delisting the stablecoin HUSD and auto-converting buyer balances 1:1 with tether tokens, the stablecoin asset has dropped considerably in worth sliding to a low of $0.72 per unit. HUSD Stays Beneath the $1 Peg One other stablecoin is struggling to take care of parity with the U.S. …
A brand new examine by Constancy Digital Property, a subsidiary of economic big Constancy Investments, reveals that 58% of institutional buyers surveyed invested in digital property within the first half of this yr and 74% plan to speculate sooner or later. Constancy’s Institutional Investor Digital Property Examine Constancy Digital Property, a subsidiary of economic big …
A draft regulation designed to control the mining of digital cash in Russia can also be legalizing using cryptocurrencies in worldwide settlements. It has been submitted to the Russian parliament after the rejection of an earlier invoice which was aiming to permit home crypto funds as nicely. Draft Laws on Crypto Mining Permits Russian Residents …
The variety of bitcoin ATMs has been on the rise in Russia’s capital and the remainder of the nation, a press report revealed this week. There may be demand for the service because it affords quick access to cryptocurrencies, though not at the very best alternate charges and nonetheless amid regulatory uncertainty. Extra Crypto ATMs …
Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) assortment that consists of 9,666 distinctive bats designed by the legendary rocker, Ozzy and his spouse Sharon Osbourne introduced Ozzfest is coming to the metaverse. This annual laborious rock music pageant will happen in Decentraland from November 10-13, situated on numerous phases within the digital …
Costa Rica may very well be one of many subsequent international locations to undertake bitcoin as a regulated fee methodology. This week, Congresswoman Johana Obando launched a invoice to permit bitcoin and different cryptocurrencies to function a type of fee. The invoice additionally proposes that conventional banking establishments have the ability to function crypto exchanges, …
4 days in the past, the crypto rewards platform Freeway.io, formally referred to as Aubit, halted withdrawals on October 23 after citing it was defending the agency’s portfolio from “market fluctuations and volatility.” Two days later, the crew up to date the group and defined on Tuesday that “considered one of Freeway’s buying and selling …