According to some Kenya-based activists, raising funds through cryptocurrency and non-fungible tokens (NFT) sales is not only faster but less costly as well. The activists added that digital currency also has the “potential to create new ways for young people to earn, spend, save and send money.” Traditional Funding Channels Drying Up After the Covid-19…

The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency…

SkyBridge Capital founder Anthony Scaramucci says he’s still a long-term Bitcoin (BTC) believer despite his fund’s recent struggles. In a new interview with CNBC, the hedge fund veteran says he still likes the top crypto asset by market cap in the long term even though SkyBridge is facing a mass exodus of investors. “There’s been an exponential…

LATAM and EMEA are the regions where most cryptocurrency payments were transacted during the first half of 2022, Deel’s research revealed. According to a study carried out by the global hiring platform Deel, residents of Latin American nations are most likely to say “yes” to receiving salaries in cryptocurrencies. Citizens of the EMEA (Europe, the…

The BCG, Bitget, and Foresight Ventures forecasted that the milestone of one billion cryptocurrency users will be hit by 2030. A joint study conducted by Boston Consulting Group (BCG), Bitget, and Foresight Ventures revealed that digital asset adoption is still in its early days. If the trend continues, the total number of cryptocurrency users should…

Stablecoins have mostly traded at a slight premium against the U.S. dollar since 2017 – with the exception of Tether.  CryptoQuant – a blockchain analytics firm – has released a report evaluating data around stablecoins and their peg-robustness. It found that holding almost any of the current top stablecoins throughout 2022 was slightly more profitable…

California has passed a law that allows state and local political candidates to receive cryptocurrency donations. The new law, which will focus on effect in 60 days and, according to LA Times, was passed after the California Fair Political Practices Commission, a body that regulates campaign finance and government ethics to promote transparency in government, accepted the…

Users of Google Pay now have another access point to the cryptocurrency markets thanks to Crypto.com’s integration of its payment options. Crypto.com Adds Google Pay Feature A Google Pay in-app purchase option will soon be available on the cryptocurrency wallet and trading platform Crypto.com App, allowing users to buy cryptocurrency quickly and securely. The crypto…

The SEC chair has indicated that the regulator is watching the crypto lending space very closely. SEC chair Gary Gensler told CNBC today that crypto lending firms fall under the scope of the securities regulator. He noted that crypto lending firms offer returns as high as 10% and compared those firms to investment companies. Gensler…

On July 21st, Coinbase, a cryptocurrency exchange, filed a petition against the Security Exchange Commission (SEC) for digital assets regulations. The exchange has stated that the current regulatory rules don’t operate well with crypto assets. Coinbase Files a Petition against the SEC’s Rules Coinbase has stated that the rules and petition laid by the SEC…