The Egyptian fintech giant MNT Halan has raised $157.5 million to fund its regional expansion. Mounir Nakhla stated that MNT Halan’s planned international expansion will happen through mergers, acquisitions, and partnerships. MNT Halan Targets Pakistan The Egyptian fintech giant, MNT Halan, has raised $157.5 million in its latest funding round. The International Finance Corporation (IFC)…
Web3 infrastructure platform Caldera has successfully raised $15 million in an early-stage funding round, signaling strong investor interest in its mission. The funding was led by Founders Fund, a prominent venture capital firm known for backing innovative technology startups. Additionally, Dragonfly and Sequoia Capital participated in the round, further validating Caldera’s vision. Caldera’s primary focus…
TLDR HSBC Australia is blocking customer payments to crypto exchanges starting July 24, 2024. The bank cites rising concerns over crypto-related investment scams as the reason for this action. At least six major Australian banks have taken similar measures to restrict crypto transactions. HSBC will still allow customers to receive payments from crypto exchanges. Australian…
TLDR Spot Ethereum ETFs experienced net outflows of $113-133 million on their second day of trading. Grayscale’s Ethereum Trust (ETHE) saw significant outflows of $326.9 million on the second day. Most new Ethereum ETFs posted positive inflows, with Fidelity and Bitwise leading. The Ethereum price dropped about 7-8% amid the ETF outflows and broader market…
TL;DR The Ripple vs. SEC legal battle is still ongoing, with some experts predicting a resolution by the end of summer. An SEC meeting today has fueled speculation about an imminent agreement. Ripple’s token XRP has been rallying and could experience significant volatility based on the lawsuit’s outcome. A favorable ruling might trigger a bull…
The price of the leading digital asset plummeted hard in the past 12 hours or so, first from $67,000 to $65,500, before another leg down drove it to a weekly low of under $64,000. The altcoins are also bleeding out now, with substantial losses coming from the likes of ETH, DOGE, TON, AVAX, LINK, and…
TLDR BitcoinOS successfully verified the first zero-knowledge (ZK) proof on Bitcoin’s mainnet on July 24, 2024. This achievement enables rollups and new functionality on Bitcoin without changing its base layer. ZK proofs allow for more efficient transactions and smart contract capabilities on Bitcoin. The development could make Bitcoin more competitive with other blockchains like Ethereum…
TLDR Bitcoin price dropped from $65,500 to around $64,000 in early Asian trading hours. Over $250 million in bullish bets were liquidated, the largest amount since early July. Ethereum saw a larger drop of about 7.5-8.5% amid outflows from the new ETH ETF. The crypto selloff followed a major decline in US tech stocks and…
Cryptocurrency exchange Gate.io is leaving the Japanese market, according to a blog announcement from Gate.io. New account creation for Japanese residents was already suspended on July 23. The exchange said it would soon provide details on the complete service suspension timeline. The Mt. Gox hack turned Japan into an early adopter of strict crypto exchange…
Active users of the Bitcoin.com Wallet app to be rewarded with Bitcoin.com’s ecosystem token VERSE. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that it will proceed with an initial airdrop of Bitcoin.com’s ecosystem token VERSE. Green-lighted by the results of a community-led proposal, this first airdrop will be given to active…