Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. The Middle East-based startup, founded by Eslam Ahmed Hussein and Pulkit Ganjoo in 2019, has raised $14.3 million to date. Al Rajhi … Read more
Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC as it looks to regain its status as a global financial hub. The city had earlier proposed limiting crypto trade to professional investors, a move that saw many crypto entrepreneurs … Read more
Twitter’s verification program has always been a complicated and controversial affair. The company has paused and resumed the application process many times to make it more streamlined. In the Elon Musk ownership era, the social media company could be looking to flip the script around verification: pay $20 per month and you will get a … Read more
Halloween-themed cryptocurrencies are taking over the crypto ecosystem on Twitter, typically purchased as an off-the-shelf product providing no real use case or future for investors.
Inefficiencies have marred Nigeria’s rental system for years, thus affecting how landlords and renters transact. Most landlords collect rent one to two years upfront, while renters struggle to find apartments as they deal with uncharitable agents. Several proptech startups are addressing such problems by providing better options to both stakeholders. One such platform is Lagos-based … Read more
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The common theme of advice revolved around focusing on long-term goals and avoiding short-term distractions be it price volatility or negative mainstream news.
Argo Blockchain’s plan to raise $27 million from a strategic investor has fallen through, the company said.
Concerns that Bitcoin may have already topped come as volatility is expected around the Fed rate hike decision and comments.
Ether rallied 16% last week, registering its biggest gain since July. The recent positive change in ether’s tokenomics are helping the cryptocurrency outperform industry leader bitcoin.
The once popular HUSD stablecoin has fallen dramatically from its $1 peg, dropping to a low of $0.34 after crypto exchange Huobi announced that it delisted the asset on Friday.
Alex Fedorov Contributor Alex Fedorov is CEO and founder at OBRIO, an IT company with Ukrainian roots that develops products in mobile applications, web products and SaaS. Business owners always say that each company has to live through a real crisis before it becomes a real business. All big companies we know have experienced a … Read more
Clients of the liquidity provider can now trade over-the-counter options electronically, in an expansion beyond the “voice via chat” options trading started a year ago.
Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment. The round, which the startup expects to top up in the coming months, was led by CommerzVentures, Middle East Venture Partners (MEVP) and Arzan Venture Capital. Other participating investors include Partech, Sawari Ventures, Invenfin, … Read more
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The United States-based crypto industry advocacy group the Blockchain Association has said it will stand with Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the industry.
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, “advanced” terror organizations are turning to cryptocurrencies.
From one Candian coffee shop to a worldwide network of nearly 39,000, crypto ATMs have turned nine years old and are only expected to continue growing.
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The government says it’s ready to engage with virtual asset service providers and invite them to the city.
The company changed its name on Oct. 28, 2021, reflecting growing ambitions to transcend beyond social media and into Web3 and the Metaverse.