Nigeria is pursuing to create the first economic free zone for Bitcoin and cryptocurrency in West Africa through the Nigeria Export Processing Zones Authority (NEPZA), according to a press release.
Talent City specializes in building special economic zones and is working alongside Binance and NEPZA.
According to NEPZA’s managing director, Adesoji Adesugba, "our goal is to engender flourishing virtual free zones to take advantage of a near trillion dollar virtual economy in blockchains and digi
Digitra, a Brazilian-based Bitcoin and cryptocurrency trading platform announced an agreement with Nasdaq to use their cloud-based matching engine, Marketplace Services Platform. According to the Founder and Chief Executive Officer of Digitra, Rodgrigo Batista believes that there is room for innovation within digital markets as they “lack strong governance and compliance structures as well as reliable systems, and those are critical to attracting institutional participation.”
Batista adds that
NearPay, a crypto wallet provider, has recently launched virtual crypto cards and a wallet for iOS and Android users, making it easier to use Bitcoin and cryptocurrency as a payment method with vendors.
Along with a list of available assets for users to purchase, the company provides a disclaimer stating that certain funds are custodial and cannot be withdrawn from the platform.
Anyone can access NearPay's services using a desktop, iOS, or Android device. Users are easily able to purchase Bitc
Binance and regulators came together during a Senate hearing and discussed policies surrounding digital assets.
According to Bitcoin Magazine, Binance has partnered with Philippine universities and various professional groups to offer free Bitcoin and blockchain technology courses. It was discussed during the hearing that providing access to financial literacy would be required to establish a functional framework.
Approximately 78% of Filipinos are unbanked, but Bitcoin and cryptocurrencies h
According to data from CoinMarketCap, HUSD is the most recent stablecoin to lose its 1:1 parity with the U.S. dollar, as it fell by 15% on August 18th.
HUSD is an ERC-20 token on the Ethereum blockchain and has been marketed as a secure stablecoin that combines the stability of the U.S. dollar with the efficiency of blockchain.
The cause of the de-pegging is not made clear, however, Huobi Global, a cryptocurrency exchange that participated in the launch of the stablecoin in 2019, issued an an
Monochrome Bitcoin Fund is scheduled to launch a spot Bitcoin ETF in Australia with unique regulatory approval according to the Financial Standard.
The fund's custodial partner, Vasco Trustees, received the required license and additional accreditation from the Australian Financial Services (AFS) through the Australian Securities and Investments Commission (ASIC), granting the fund authorization to operate spot crypto-based ETFs.
Vasco’s additional authorization through the AFS provides invest
BTG Pactual, the largest investment bank in Latin America, just launched a Bitcoin and cryptocurrency exchange in Brazil called Mynt.
Mynt will provide direct access to Bitcoin which will place it as one of the first of the largest institutions in Brazil to do so. BTG Pactual reportedly has over $200 billion in assets under custody and will begin to provide educational content for all its users about Bitcoin once they have created an account on their platform.
According to Pedro Frazao, the
BlackRock has launched a new investment product that provides U.S. institutional clients access to a spot Bitcoin private trust which will track the performance of Bitcoin, minus general expenses and liabilities of the trust according to a report issued by BlackRock.
BlackRock mentions that their clients are still showing signs of interest despite the significant downturn in Bitcoin's price and says that Bitcoin is the primary interest of their clients.
BlackRock is encouraged that organizati
