Tag Archives: AA News

Blockchain-based renewable energy startup SunExchange has raised $3 million in a recent funding round to expand its services. The funding highlights the increasing demand in South Africa and the region for solar power and alternative investment options.SunExchange Raises $3MThe announcement from Reuters calculated that the South African-based blockchain company had increased the total amount it has raised in Series A funding rounds since 2019 to $4 million. The latest funding for $3 million...

A study compiled by the American multinational financial services corporation Fidelity Investments informed that a third of large institutional investors own a form of cryptocurrency. The highest level of interest came from Europe, followed by the US.Institutional Investors Choose CryptocurrenciesAccording to the report from Bloomberg citing the survey from Fidelity, 36% of all 774 participants said that they own digital assets or derivatives. When broken down into smaller categories, the...

Coca Cola Amatil and digital asset integrator Centrapay have teamed to enable Australians and New Zealanders to buy Coca Cola with Bitcoin and other cryptocurrencies from more than 2,000 vending machines.Promoting Mass Adoption Of BitcoinAccording to a press release on Tuesday, Amatil’s customers now have Bitcoin and other digital assets as a payment option in their Sylo Smart Wallet, which they can use at any of the 2,000+ vending machines installed across Australia and New Zealand. The...

Egypt’s economic growth in the third quarter (Q3) of the current fiscal year has displayed a lower number than projected following the COVID-19 pandemic.At the same time, data shows that the peer-to-peer Bitcoin volume in the country has registered a fresh all-time high.Egyptians Trade BitcoinAccording to the information provided by the cryptocurrency statistics platform, CoinDance, the demand for the primary digital asset surged last week in the northeast African country.Egyptians traded...

Sekisui House, one of Japan’s biggest home building firms, is set to use Blockchain technology to ease and simplify the rental process and leasing contracts.First Steps In Using Blockchain As A Fundamental Tool In RentalsAs recently announced by the company, the preparations to put some of its rental home contracts on Blockchain are already on the go.The plan is for Sekisui House to use the technology for rental housing agreements, which will also include additionals like coverage of...

The number of DAI locked up in the Ethereum based Aave lending protocol almost doubled, leading into June 8.Aave is a prominent protocol in Ethereum’s decentralized finance (DeFi) ecosystem. Users can lend cryptocurrency at stable or variable rates, earning daily payouts to the wallet of their choice. They can take advantage of uncollateralized, trustless flash-loans, paid back within the same transaction block.DAI Locked in Aave Almost Doubles OvernightAccording to data from DeFi Pulse, the...

The controversy surrounding Binance’s acquisition of the leading cryptocurrency prices aggregator platform CoinMarketCap (CMC) has become more heated due to recent changes made by CMC.Following the update in CoinMarketCap’s exchange ranking algorithm, several major crypto exchanges were stripped of their high rankings to unimaginable positions on the market table. CoinMarketCap is the world’s leading ranking platform and also one of the biggest websites in the industry. This is why positions...

SAMA, the Saudi Arabian Monetary Authority, has recently tapped blockchain technology to execute money transfers and deposits. The step is part of the financial authority’s plan to keep up with the trend of digital currencies.Keeping Up The Pace With BlockchainThe institution is about to put the relatively novel blockchain technology to the best use, to go with the flow alongside the digital financial world. SAMA has started a new chapter in its modern development, by deploying blockchain for...

China Zheshang Bank (CZB) – a national joint-stock commercial bank based in the Zhejiang province – has employed blockchain technology to bring an asset-backed commercial paper (ABCP) to the Chinese financial market. Competed last week, the issue was worth nearly $17 billion.A Chinese Bank Employs BlockchainCZB successfully executed the issue called “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper” on June 5th, a local report informs. It became the country’s first ABCP and one...

Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the rise. As such, the total amount in fees spent on the Ethereum network has surpassed Bitcoin’s, and the gap continues to grow.The “Feepening” Ethereum Vs. BitcoinAccording to information from the cryptocurrency data company Glassnode, the daily Ethereum network fees surpassed Bitcoin’s on June 5th for just the second time this year. At that point, the amounts...