In a significant milestone, the Layer-1 blockchain network called ZetaChain recently secured an impressive $27 million in its latest equity round. This injection of capital is set to significantly boost its chain-agnostic platform, promising to revolutionize the blockchain industry by delivering standardized interoperability across diverse networks. Leading the equity round are notable names in the tech and financial sectors, highlighting
Colendi, a leading fintech company, has recently received regulatory approval to launch Turkey’s first digital deposit bank. This milestone achievement will allow Colendi to further enhance its existing services, which are already utilized by a remarkable 18 million people in the region. With its primary product being a decentralized credit scoring engine used by payment providers like PayCell, Colendi has
In a strategic partnership aimed at revolutionizing corporate expense management, FinTech disruptor Qashio has teamed up with global payments leader Mastercard. The alliance aims to introduce corporate credit cards endowed with virtual issuance capabilities throughout the MENA region. This groundbreaking collaboration is set to transform the way businesses handle their finances and contribute to the UAE government’s vision of a
In a significant alliance, Tenpo, the emerging digital banking entity in Chile, has joined forces with Dock, a leading B2B technology provider for payments and banking. The collaboration aims to integrate Dock’s advanced issuing and processing infrastructure for Tenpo’s newly unveiled credit cards. This strategic partnership comes as Tenpo seeks to challenge traditional banks and establish itself as a relevant
The online gambling industry has experienced tremendous growth in recent years, driven by technological advancements and a shift in consumer preferences. However, despite its popularity, the industry suffers from various challenges such as a lack of transparency, trust issues, and market volatility. In an effort to address these issues, the Scorpion Casino Token ($SCORP) has emerged as a game-changer, aiming
Cardano, one of the leading blockchain platforms, has achieved a remarkable milestone as its Total Value Locked (TVL) has surged over 250%, reaching new all-time highs of over $600 million. This unprecedented growth in TVL serves as a testament to the increasing usage and development of the ADA blockchain. Additionally, the recent interest and activities surrounding Bitcoin have acted as
Since its introduction in 2013 as a fun and lighthearted digital currency, Dogecoin has captured the attention of many cryptocurrency enthusiasts. With its adorable Shiba Inu dog logo, Dogecoin quickly gained popularity among users who were drawn to its playful nature. In recent times, Dogecoin has surpassed all expectations, stunning skeptics and delighting its loyal supporters. The remarkable bullish run
In the realm of cryptocurrency, Bitcoin has been grabbing headlines with its recent performance. What is remarkable is its low volatility, which now dips below that of gold, the S&P 500, and the NASDAQ 100. This unexpected stability has caught the attention of market analysts who speculate that Bitcoin’s lull may be followed by a bull run, driven by the
Bitcoin mining costs have been a topic of interest for cryptocurrency enthusiasts and investors alike. A recent survey has shed light on the stark differences in Bitcoin mining costs between countries, revealing Lebanon as an unexpectedly affordable destination. This article will discuss the findings of the survey, compare Bitcoin mining costs in Italy and Lebanon, explore mining expenses in other
The advent of digital payment platforms has revolutionized the way we conduct transactions, making payments more convenient and secure. However, challenges are now emerging for these platforms as they strive to attain profitability. This article examines the obstacles faced by e-wallet providers in Hong Kong, raises questions about their profitability, and discusses potential strategies to bridge the gap. Challenges faced
Digital payment pioneer Wirex has joined forces with Sumsub, a leading global verification platform, in a strategic partnership aimed at fortifying Wirex’s position in virtual asset compliance and transaction monitoring. With UK regulations set to take effect from September 1, 2023, the Financial Action Task Force (FAFT) has mandated that all virtual asset service providers (VASPs) adhere rigorously to anti-money
Recent security breaches have shaken the decentralized finance (DeFi) space, with two prominent protocols, Exactly and Harbor, falling victim to separate but seemingly unrelated attacks on August 18th. These incidents have once again highlighted the pressing need for improved security measures in the rapidly expanding DeFi ecosystem. Attack on the Exact Protocol In a devastating blow, Exactly Protocol suffered a
