The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice In a public statement issued on November 22, BICCON — a coalition of…
Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services…
On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help From Blockchain.com Cryptocurrency mining,…
PRESS RELEASE. Chimeras is announcing a brand new collection of NFT-based characters for sale on INO platforms and its marketplace. November 23rd, 2021, Kyiv, Ukraine – Play-to-Earn gaming metaverse Chimeras is launching a brand new collection of NFTs based on in-game characters. There are two types of characters in Chimeras’ in-game world – Chimeras and…
The Nigerian startup behind the social payment app for cryptocurrency and fiat, Kurepay, says the Central Bank of Nigeria (CBN)’s current crackdown on crypto entities has forced it to suspend operations in Nigeria. ‘Horrible’ Year for Crypto Adoption According to a report by the Cryptoassetbuyer, this suspension of operations is set to commence at the…
Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left behind by fear of the unknown.” Australian Senator Says Crypto Is Not Going Away, Sees…
