Posts

Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round

Image
Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at Anthemis, Ejara aims to become the one-stop platform where “a suite of financial products will be accessible at their fingertips, without the need for any crypto knowledge.” Owning the Keys to Your Crypto Ejara, the Cameroonian fintech whose app enables users to buy and store cryptocurrency in decentralized wallets, recently said it had raised $8 million via a series A investment. The fintech’s latest fundraising series was jointly led by the United Kingdom-based venture capital (VC) firm Anthemis and Dragonfly Capital. Participating in the latest round were Mercy Corps Ventures, Coinshares Ventures, and Lateral Capital which just like Anthemis had similarly joined the fintech startup’s previous round. According to a Techcrunch report, new invest

Solana bullish news: Alameda is no longer in possession of the SOL tokens

Image
Join Our Telegram channel to stay up to date on breaking news coverage In an extremely positive turnaround for Solana token holders, according to Solana Compass, Alameda no longer controls the hundreds of millions of dollars of SOL token s . Instead, Alameda Research liquidators now do. The platform tracks SOL’s trading activities using on-chain metrics. Alameda Research previously held 48,636,772 SOL token s, according to the Solana tracking platform. The controlled token s are now worth more than $643,000,000. The recent market conditions have resulted in a 95% drop in the price of SOL from its all-time high of $259. Meanwhile, members of the Twitter community speculate that Alameda Research controls 13% of the total Solana supply. Solana Compass has refuted the notion that Alameda’s large holdings of SOL could lead to massive selling pressure. According to Solana Compass, the locked token is subject to chapter 11 bankruptcy and may not be unlocked until the liquidation pr

Bitcoin: Brazil regulators approve BTC payments

Amidst the ongoing bear market, regulators from all across the globe have been scrutinizing the Bitcoin-led industry. Brazil, however, was taking a leap into the crypto -verse with its latest regulator y framework. According to a recent report, Brazil’s Chamber of Deputies went on to approve a bill that regulates the crypto -verse. This bill had previously attained a green signal from the Senate. However, the Chamber of Deputies remained silent about the same since April. At present, it requires the signature of President Jair Bolsonaro for it to become law. It should be noted that President Bolsonaro’s term ends on December 31, 2022. Through this approval, Bitcoin and its counterparts will reportedly be recognized as an asset with a value that can be employed for payments. JUST IN: 🇧🇷 Brazil lawmakers vote in favor of recognizing #Bitcoin as a means of payment. — Watcher.Guru (@WatcherGuru) November 30, 2022 This long-awaited crypto bill is also expected to define c

Polkadot Price Prediction for Today, November 29: DOT/USD Clings to $5 Despite Bear Market

Image
The Polkadot price prediction manages to maintain its position as the bulls move to push the coin above the moving averages. Polkadot Prediction Statistics Data: Polkadot price now – $5.32 Polkadot market cap – $6 billion Polkadot circulating supply – 1.1 billion Polkadot total supply – 1.2 billion Polkadot Coinmarketcap ranking – #11 DOT/USD Market Key Levels: Resistance levels: $6.80, $7.00, $7.20 Support levels: $4.00, $3.80, $3.60 DOT/USD undergoes a much-needed break to the positive side as the market opens today. The Polkadot price is currently posting gains of over 3.70% within the chart, with the coin aiming to cross above the 9-day and 21-day moving averages at $5.32. Polkadot Price Prediction: Polkadot (DOT) Ready for the Upside The Polkadot price resumes back in the middle of consolidation after a slight drop below the 9-day and 21-day moving averages. In the meantime, if the market price continues the surge and moves toward the upper boundary of the channel,

4 Best Cryptos to Buy Now, November 29: FTM, LINK, TAMA and IMPT

Image
Join Our Telegram channel to stay up to date on breaking news coverage The FTX incident not only contributed to a further decline in the cryptocurrency market but also brought to light the dire need for an innovative and ground-breaking platform that can prevent security issues similar to FTX/FTT and allow investors and traders to find secure trading signals for nice profits. Dash 2 Trade (D2T) is the name of the platform, and its presale is still ongoing. The presale generated almost $7.5 million in revenue. The D2T affiliate program is available for everyone to join. When you use the Dash 2 Trade referral links, you can earn a percentage of sales. The Moving Averages (MAs) of both FTM/USD and LINK/USD just signaled to buy; this is likely the best time to buy either of these two coins. However, only short-term investments are feasible because the rally could end abruptly. Investing in presale tokens such as Dash 2 Trade (D2T) will therefore be much more profitable, especial

This simple Bitcoin options strategy allows traders to go long with limited downside risk

Image
Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days.  Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi's demise on Nov. 28 was not helpful for any potential Bitcoin price recovery. The cryptocurrency lending platform filed for Chapter 11 bankruptcy in the United States a couple of weeks after the firm halted withdrawals. In a statement sent to Cointelegraph, Ripple's APAC policy lead Rahul Advani said he expects the FTX exchange bankruptcy to lead to greater scrutiny on crypto regulations." Following the event, several global regulators pledged to focus on developing greater crypto regulation. Unfortunately, there is no way to know when investors' sentiment will improve and trigge

Christine Lagarde Reiterates Need for Crypto Regulation

Image
Join Our Telegram channel to stay up to date on breaking news coverage The President of the European Central Bank, Christine Lagarde, has advocated for regulations and supervision in the crypto sector. Lagarde has said that these regulations have become an “absolute necessity” following the collapse of the FTX cryptocurrency exchange. ECB President calls for regulations and supervision of crypto Lagarde was speaking on November 28 at a hearing of the Committee on Economic and Monetary Affairs of the European Parliament. She noted that the European Parliament had been successful in some of its regulatory efforts, such as halting the operations of Facebook’s Libra project. She also added that the situation with the FTX exchange paid more attention to the stability and reliability of crypto exchanges. Unlike Facebook’s failed Libra project, the FTX exchange involved crypto assets, not just stablecoins. Therefore, the ECB needed to create a global regulatory framework to address