Tag Archives: FinTech & Blockchain

Nexo’s new onboarding process follows FCA requirements, improving user risk awareness. The platform’s 10-month halt allowed for a full modify to meet UK regulatory standards. Nexo, a centralized cryptocurrency lender, has restarted client registrations in the United Kingdom after a 10-month halt. The delay was first triggered in December 2023 owing to changes in regulatory requirements. Nexo has now improved its operations to satisfy Financial Conduct Authority (FCA) compliance standards,...

Edo State and INTMAX work together to improve digital governance through blockchain technology. The alliance intends to empower government services through cutting-edge technology. The Nigerian Ministry of Digital Economy, Science, and Technology in Edo State has formed a strategic partnership with INTMAX, a leading developer of Ethereum Layer 2 solutions. This alliance aims to accelerate the regional adoption of blockchain technology, indicating a significant step ahead in Nigeria’s digital...

India’s CBDC has attracted 5 million users and 16 banks. The RBI is in no rush to launch a full-scale CBDC program yet. India’s CBDC program has onboarded at least 5 million users and witnesses participation from 16 banks, revealed Shantikanta Das, the Governor of the Reserve Bank of India, the country’s central bank. In his talk on Monday in the Indian city of Bengaluru, Das mentioned the magnitude the program has grown to, but made the RBI’s stance on taking it slow clear. “It is important...

The Secretary of the Department of Economic Affairs will draft a consultation paper by collaborating with Indian crypto stakeholders. Crypto regulations are much awaited by industry participants in India owing to its high adoption rate. The Indian government is engaging with crypto stakeholders to draft a consultation paper. That will help it develop its long-awaited regulations for the asset class. This approach of consulting stakeholders from the industry will allow the government to...

Ripple, a leader in enterprise blockchain and cryptocurrency solutions, has announced a new partnership with the Dubai International Financial Centre (DIFC). This collaboration aims to boost blockchain and digital asset innovation in the UAE. The DIFC Innovation Hub is a key player in Dubai’s innovation development, hosting over 1,000 tech firms, digital labs, and venture capitalists. The partnership will enable Ripple to access the DIFC’s diverse base of developers and innovative firms. It...

Driven by ten years of blockchain development, Ergo is a new flexible blockchain protocol that has been hailed as “the spiritual successor to Bitcoin” by Charles Hoskinson. With a solid background in core development with cryptocurrencies and blockchain frameworks, Ergo’s creators aim to provide an efficient, secure, and easy way to implement financial contracts. Powered by its native Sigma protocols, Ergo’s smart contracts provide an easy way to deploy financial...

The start of 2021 has seen a revival of Bitcoin – the major cryptocurrency that acts as a tug for the rest of the crypto market. And though the surge in its price marks an important milestone in its history, a major question remains about the viability of the rest of the market and the phenomenon of DeFi that has led to the popularization of cryptocurrencies as means of payment in 2020.There is no doubt that cryptocurrencies are shrouded in more doubt than opportunity as most participants in...

The story of the MinePlex project unfolded this year. Its mission is to combine the stability and liquidity of traditional financial instruments with the security and transparency of Blockchain technology and cryptocurrencies.Several products are being developed within the MinePlex project. The first product is MinePlex Banking – a mobile crypto bank. The MinePlex Banking mobile app gives access to fiat accounts in euros and dollars, money transfers within the country and globally.The second...

IntroductionCryptocurrency exchanges are key pillars of the blockchain ecosystem as they facilitate a seamless exchange of value over decentralised networks. Initially, centralised exchanges (CEX) provided the much-needed access to cryptocurrencies and continue to play a critical role in their mainstream adoption. Their core infrastructure, innovation, and seamless user experiences have all facilitated crypto adoption. CEX have their fair share of challenges. Hacking, propagating fraud, and...