The Nigerian central bank has reversed its Feb. 5 order which barred banks and financial institutions from extending their services to crypto entities. The central bank said new guidelines align with the Financial Action Task Force’s updated recommendation 15, which calls for the regulation of virtual asset service providers. Guidelines Align With FATF’s Recommendation On […]
The Nigerian crypto platform Bitmama is reportedly set to acquire the African remittances startup Payday for $ 1 million. Reports of Payday’s acquisition come almost a year after the startup raised $ 3 million in a funding round. Bitmama’s Pivot From Crypto The Nigerian crypto platform Bitmama is set to acquire the …
The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $ 37.59 billion, has plummeted to a low last witnessed in the second week of February 2021. Crypto Winter’s …
In February 2023, the AI-driven cryptocurrency sector reached a staggering $ 4 billion in value. Yet, it has since experienced a downturn of $ 1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once a thriving market, …