cryptocurrencies
Neobank CEO Sees DeFi as Solution to Africa’s Forex Challenges
A vacuum is created, and decentralized finance (DeFi) could fill it. Pascal Ntsama IV, Canza Finance CEO, sees potential in cryptocurrencies and blockchain networks. Furthermore, it is difficult for most to access United States dollar liquidity and currency swaps in the forex market. A limiting factor for African sovereigns restricts their import-dependent economies and services […]
OKX Launches Crypto Exchange And Web3 Wallet In Brazil
Global web3 technology company OKX has launched its crypto exchange and Web3 wallet platform in Brazil, aiming to provide Brazilian users with a secure gateway to decentralized finance (DeFi) and crypto trading. The move comes as the South American nation continues to make significant progress in crypto adoption and cements itself as one of the […]
Justin Sun’s HTX Reports $98 Million Profit In Q3 Following Layoffs
Crypto exchange HTX (formerly Huobi Global), owned by Chinese blockchain personality Justin Sun, has posted a profit of $98 million in Q3 of this year. As per a thread posted on social media platform X (formerly Twitter), Sun claimed HTX and related companies generated a total of $202 million in revenues during the quarter. However, […]
Bitcoin Gains Legal Recognition As Digital Asset In Shanghai, China
The Shanghai No.2 Intermediate People’s Court in China explained that Bitcoin (BTC) has emerged as a unique digital asset based on several characteristics, including its scarce nature. On September 25, the court released a report titled “Legal Attributes and Judicial Disposal of Digital Currency,” emphasizing the legal issues surrounding digital data and currency when compared […]