Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
Africa has been in crypto markets majorly as cryptocurrency miners rather than traders. However, an economic revolution is starting because now people from Africa are indulging in crypto trading. The main evidence is that exchanges like Paxful are receiving massive traffic on their website from Nigerian traders.
Source: “The 2020 Geography of Cryptocurrency Report,” Chainalysis, 2020. Chainalysis finds that the largest crypto channel connects Africa to East Asia, although channels to Northern and Western Europe and then North America trail closely behind (Figure 2).
We had previously covered Africa’s most populous nation, Nigeria, as the vanguard of crypto adoption for the entire world. Thanks to the latest research by Chainalysis Insights, we can take a zoomed-out picture of Africa’s crypto adoption and its likely global impact.
At about 6% of all crypto transaction volume, Africa’s peer-to-peer transactions dwarf those of Central and Southern Asia and Oceania, the region with the second-highest volumes in that category. Read more: Bitcoin Nonprofit ₿trust Launches Africa Open Source Cohort; Names First Developer
From pilot strikes to airlines suspending flights, here's a roundup of the business news from Africa this week. #Africa #Business ...
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