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0 CommentsThe crypto economy as of late has been developing most rapidly in Africa, Latin America and the post-Soviet states. We decided to take a closer look at the process. Africa as a region still has the smallest cryptocurrency economy on the planet. But that is precisely why it’s growing so fast, starting from a low…
Ethereum scaling project Polygon and Seven Seven Six, Reddit co-founder Alexis Ohanian’s venture capital firm, have jointly launched a $200 million initiative to invest in Web3 social media and gaming projects. On Friday, Polygon and Alexis Ohanian’s VC firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social…
One of Ukraine’s oldest commercial banks, Tascombank, is launching a Stellar-based pilot for an electronic hryvnia, a digital version of Ukraine’s national fiat currency. The pilot, supported by Ukraine’s Ministry of Digital Transformation, will test an electronic hryvnia in handling payroll for public employees along with peer-to-peer and merchant payments. In a statement published Tuesday,…
The crypto economy as of late has been developing most rapidly in Africa, Latin America and the post-Soviet states. We decided to take a closer look at the process. Africa is still the poorest region of the planet, but its economy is booming. What’s more, this growth comes “from the ground up”, that is, the…
NYDIG, a crypto financial services firm, announced on Tuesday that it raised $1 billion in a funding round led by WestCap, valuing the Morgan Stanley-backed Bitcoin company at more than $7 billion. According to Reuters, growth equity firm WestCap led the round with other backers like Bessemer Venture Partners, FinTech Collective, Affirm, Fiserv, MassMutual, New…
The story of the Squid cryptocurrency scam has once again drawn attention to the issue of so-called “meme” cryptocurrencies. What are they – a malevolent outgrowth compromising the entire cryptocurrency industry or an incomprehensible phenomenon at the intersection of technology and sociology that deserves to be studied? Feels like 25-30% of all news on cryptocurrency…
