The Facebook-led digital currency project has taken another turn as the Diem Association is now launching Diem USD stablecoin in partnership with Silvergate Bank. Additionally, the non-profit is moving its base from Switzerland to the United States. This is the third time Diem, formerly known as Libra, drastically changed its model of issuing a digital currency. It has gone from […]

Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in the diaspora to send money home.” Effects of Pandemic on Remittances According […]

Dogecoin has often been seen as a joke coin, or an asset for TikTok speculators to gamble on, but now you can buy entire luxury apartments in Lisbon, Portugal with the currency. Zug-based crypto payments and OTC liquidity provider FNTX Capital Suisse has partnered with Portugal-based property developer, 355 Developments to offer condos for crypto in the capital. The partnership […]

The Bitcoin markets are pulling back after electric car manufacturer Tesla suspended its support for vehicle purchases using BTC. In a May 13 tweet, Tesla’s CEO Elon Musk noted the company’s concerns regarding the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.” While Musk predicted that cryptocurrency “has a promising future,” he concluded that the […]

Blockchain technology has the potential to disrupt an $867 trillion market, a report by the World Economic Forum (WEF) has revealed. The report looked at the integration of blockchain in derivatives, debt markets, asset management, securitized products and more. Titled “Digital Assets, Distributed Ledger Technology and the Future of Capital Markets,” the 100-page report sought to provide policy makers, regulators […]

The United States Internal Revenue Agency is prepared to seize the holdings of cryptocurrency owners who are struggling to pay their unpaid tax debts, sending a strong signal that the agency is treating digital assets the same as any other type of property that can be confiscated.  Robert Wearing, deputy associate chief counsel for the IRS, told a virtual conference […]

dotmoovs, a blockchain-powered sports platform, announced it had completed a private funding round of $840,000 from its investors. The funding round saw the participation of various notable investors, including Spark Digital Capital, Ascensive Assets, Moonrock Capital, Building Blocks, Morningstar Ventures, Rarestone, AU21 and GBV Capital. Head of growth at dotmoovs, Ricardo Martins Costa, explained: “We are proud to have such […]

Bitcoin has been smashing records in the last few months and has rallied to record highs above $60K. However, DeFi tokens have also performed well in recent weeks, allowing savvy investors to rake in some of the biggest returns in the crypto market. Diving into the DeFi Market DeFi refers to peer-to-peer crypto protocols that facilitate lending outside the traditional […]

Unique from the conventional Initial NFT Offering, every NFT issued under the ISNO event comes with a permanent staking multiplier and a fixed amount of native token locked inside it. The staking benefit ranges from 1.05x to 1.25x that multiplies the holders’ liquidity provider stakes on a dedicated DeFi platform. As the first project to introduce the new NFT funding […]