Remittance and Fiat Devaluation Drives 1200% Growth in Africa’s Crypto Market: Chainalysis Report

Africa, the smallest crypto-economy, which received $105.6 billion worth of cryptocurrency between July 2020 and June 2021, saw a growth of more than 1200% by value received in the last year. According to a report by Chainalysis, the region is seeing some of the highest grassroots adoption in the world, with Kenya, Nigeria, South Africa, […] The post Remittance and Fiat Devaluation Drives 1200% Growth in Africa’s Crypto Market: Chainalysis Report first appeared on BitcoinExchangeGuide. äàëüøå »

2021-9-16 22:26

Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption

According to credit rating agency Fitch Ratings, El Salvador's adoption of Bitcoin as a legal tender may come to have unintended consequences. Bitcoin Adoption Could Lead To Negative Credit Rating President Nayib Bukele’s decision to grant benchmark cryptocurrency Bitcoin a legal tender status a few months ago came amid global applause from enthusiasts of the […] The post Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption first appeared on BitcoinExchangeGuide. äàëüøå »

2021-8-17 17:05

Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies

Singapore’s DBS Bank is the latest to receive approval “in principle” from the Monetary Authority of Singapore (MAS) under the country’s Payment Services Act. DBS Vickers, the bank's brokerage arm, is the one that received the go-ahead from the country’s financial regulator to begin offering crypto services directly to companies and asset managers via its […] The post Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies first appeared on BitcoinExchangeGuide. äàëüøå »

2021-8-13 19:11

Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative

Bank of America Merrill Lynch’s former head of exchange-traded products (ETF) will be leading the bank’s newly created digital assets initiative, including crypto strategies. Mark Donoghue was previously leading the ETP and SMA group at the firm but has been given a new role during the second quarter to serve as head of digital trading […] The post Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative first appeared on BitcoinExchangeGuide. äàëüøå »

2021-8-7 17:03