Stripe, an online payment processing firm, announced yesterday that the company has officially launched its services in the United Arab Emirates (UAE). The fintech firm is also opening an office in Dubai Internet City. According to the official announcement, the recent launch represents the company’s first expansion into the Middle East region. Stripe mentioned that businesses operating online in the […]

Metis, an Ethereum-based layer two scaling solution, is preparing to launch the first iteration of its testnet. The Alpha testnet will allow developers and users to interact with the network, test out its functionality, and pinpoint any areas for the development team to fix before the mainnet launch. Metis’ layer-two rollup will feature nominal fees and an overall more user-friendly […]

Japan is the latest country making efforts towards issuing its own central bank digital currency (CBDC). The country, however, is taking a measured approach towards the digital currency project. Bank of Japan — the nation’s central bank — on Monday announced that it is starting the first phase of experiments for its sovereign digital currency. This phase, which the BoJ […]

Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools. Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow funds while continuing to obtain yield from swap fees. The Vortex mechanism reworks the existing mechanism of vBNT, a special […]

At 16:35 UTC on Monday (April 5), on crypto exchange Bitstamp, the XRP price reached an intraday high of $0.87400. This is the highest price XRP has seen in 1,065 days. According to data by TradingView, currently (as of 19:00 UTC on April 5), XRP is trading around $0.0.82452, which means that in the past 24-hour period, the XRP price […]

Litecoin bulls have made some positive moves in the last 48 hours. Buyers have breached the $210 resistance level. Presently, the LTC price is retesting the resistance at $230. LTC/USD will be out of the bear market if buyers can clear the resistances at $230 and $240. The altcoin will rise to $270 if these resistances are breached. In the […]

The Central Bank of the Argentine Republic (BCRA) has asked operating banks within its jurisdiction to acquire and supply details of all their clients who have transacted in cryptocurrencies. In a sheet which was leaked by the local Bitcoin community on Twitter, the apex bank mandated banks within the Republic to provide information as regards each client’s Unique Tax Identification […]

Senegalese-American rapper and businessperson Akon is set to begin building another crypto city — this time in the East African nation of Uganda. According to a report by Uganda’s flagship television network NBS, the country’s government has announced the allocation of land for the project. Akon City in Uganda will reportedly occupy one square mile half the size of the […]

Moscow Exchange (MOEX), the largest exchange group in Russia, has released its financial numbers for March 2021. The exchange saw a jump in volumes across all major markets including the FX Market, Derivatives Market, Equity Market, Bond Market and Money Market. According to the official announcement, FX trading volumes reached RUB 31.9 trillion in March 2021, which was a jump […]