The collapses of banks like Silvergate have certainly impacted cryptocurrency exchanges but there are ways for the industry to survive without the support of banks, one executive believes. Crypto exchanges significantly rely on traditional banking systems for customer deposits, which makes them vulnerable to various banking issues, according to Bitstamp USA CEO and global commercial […]
Although the cryptocurrency industry has been under a lot of regulatory pressure in recent months, it has demonstrated significant resilience, reflected in both the growing prices of its largest assets as well as the number of new cryptocurrencies appearing on the market. Indeed, the historical data that Finbold retrieved using the Internet Archive’s Wayback Machine […]
Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN’s decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack. According to local […]
ETC Group, a digital asset-backed securities provider, announced today that it would list Europe’s first index-based crypto ETP based on an index from Morgan Stanley. The ETP will be based on the MSCI Digital Asset Select 20 ETP and is set to launch on Germany’s Deutsche Börse XETRA in April. MSCI developed the index with […]
UPI transactions using PPIs over Rs 2,000 will be charged by the NPCI. An interchange fee of up to 1.1% has been proposed by the NPCI. The National Payments Corporation of India (NPCI) has proposed an interchange fee on UPI transactions of more than Rs 2,000 undertaken via Prepaid Payment Instruments (PPIs). A UPI transaction […]