news

Nigerian fintech startup Paystack has announced that it will be scaling down its operations outside of Africa and letting go of 33 employees based in Europe and the United Arab Emirates (UAE). Co-founder Shola Akinlade has assured the affected employees that the company will assist them in finding new job opportunities. Localizing Costs and Prioritizing […]

The Bank of Ghana has recently raised concerns about eight money transfer organizations that are allegedly operating in Ghana's remittances and forex market without the central bank's approval. In a notice issued on November 16, the Bank of Ghana (BOG) also cautioned the public and regulated financial institutions against engaging with these eight firms. Eight

A spot bitcoin exchange-traded fund (ETF) approval in the U.S. has the potential to bring in a significant amount of new capital to the cryptocurrency market. Glassnode, a blockchain data firm, has conducted an analysis on the subject and provided insights into how spot bitcoin ETFs could reshape market demand and supply, marking a new

Federal Authorities Insist on Former Binance CEO's Stay in the US In the aftermath of the settlement between the U.S. Department of Justice and Binance, the world's largest cryptocurrency exchange, federal authorities are adamant that the exchange's former CEO, Changpeng Zhao (CZ), must remain in the United States until his sentencing in February 2024. Prosecutors

The Surge and Decline of AI-Driven Crypto Market In the early months of 2023, the AI-driven crypto market soared, reaching a peak of over $4 billion. However, by the end of July, this sector experienced a notable decline, dropping to $2.6 billion. Despite this downturn, the last three months have witnessed a recovery in the

Introduction The U.S. Department of Justice (DOJ) has recently revealed charges against Binance Holdings Limited, the world's largest cryptocurrency exchange, for noncompliance with anti-money laundering (AML) laws. The DOJ reached a significant settlement of $4.316 billion with Binance, despite the company's claims in 2019 to bar U.S. users. This article delves into the details of

Tom Farley's Optimistic Outlook In a recent interview with CNBC, Tom Farley, the former President of the New York Stock Exchange (NYSE) and current CEO of Bullish, shared his positive outlook on the future of cryptocurrency, specifically Bitcoin. He believes that the potential approval of a Bitcoin spot exchange-traded fund (ETF) by the Securities and

Introduction KPMG in Canada has formed a strategic partnership with Chainalysis, a blockchain surveillance firm, in an effort to strengthen their fight against crypto asset fraud. This collaboration, which marks KPMG's entry into the Chainalysis Solution Provider program, aims to provide advanced monitoring and risk management tools to cryptocurrency exchanges, financial institutions, and government agencies.

Milei: A Dictator in Libertarian Clothing Former Greek finance minister and anti-capitalist, Yanis Varoufakis, has cautioned that Argentina's incoming president Javier Milei is not the anarcho-capitalist figure that many libertarians perceive him to be. Varoufakis, who is now an economics professor, likened the far-right victor of the November 19th election to (Jorge Rafael) Videla, but

An Exciting Milestone for Digital Assets For advocates of digital assets, the recent green light for a spot bitcoin ETF (exchange-traded fund) represents a significant turning point. According to Pantera Capital's CEO, Dan Moorehead, this development goes beyond just another chapter in the crypto narrative. Instead, it is a transformative leap that will enhance the