Binance to train 1000 African developers in 2021

Binance, the world’s top cryptocurrency exchange will equip 1000 African blockchain developers with tools and skills to build their first DApps on its Binance Smart Chain (BSC) network. This will happen in Q1 of 2021. The programme will start with a two-hour Binance Masterclass – Developers’ Edition on ‘Careers in Blockchain Technology’, where Changpeng Zhao … Read more

Why Google Pay’s reboot signals a major land grab on financial services

With the sheer scale and ability to map vast quantities of personalised data, Google, Amazon, Facebook and Apple (GAFA) have long had the potential to disrupt and dominate financial ecosystems. Now, with the relaunch of the Google Pay app, it looks like Big Tech’s competitive threat to both legacy banks and fintechs is about to … Read more

FinCEN Extends Comment Period on Digital Asset Transactions in Small Win for Crypto Industry

FinCEN has submitted for publication in the Federal Register an Extension Notice, which will extend the comment period on its Notice of Proposed Rulemaking (NPRM) regarding certain transactions involving virtual currency or digital assets. FinCEN, part of the US Department of Treasury, came under criticism… Read More The post FinCEN Extends Comment Period on Digital … Read more

Crypto Exchange Coinbase Requests Rulemaking Pause from FinCEN following the Issuance of Biden White House Guidance to US Agencies

San Francisco-based crypto exchange Coinbase has requested a rulemaking pause from the Financial Crimes Enforcement Network (FinCEN) following the Biden White House guidance to agencies. Coinbase writes in a letter that was reportedly shared with Kenneth Blanco, Director, FinCEN on January 25, 2021, that after… Read More The post Crypto Exchange Coinbase Requests Rulemaking Pause … Read more

Bank of England Governor Warns Cryptocurrencies Won’t Last

The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said, “I don’t think cryptocurrencies as originally formulated are it.” Bank of England Chief Andrew Bailey Doubts Any Existing Cryptocurrencies Will … Read more

Snap Buys UK Tech Startup Ariel AI, Signaling Push Into AR

Artificial intelligence (AI) technology company Ariel AI has been acquired by Snap. Ariel AI had been concentrating on a type of AI called computer vision, which is used to develop augmented reality (AR) functionalities, CNBC reported. Ariel AI had landed $1.1 million in investments before the Snap deal, CNBC reported, citing Crunchbase. Snap told the … Read more

Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises to About $2T

Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will green-light a bitcoin exchange-traded fund before the original cryptocurrency’s market cap hits $2 trillion. “The flood of demand has to be satisfied so it’s going to have to get well over a trillion dollars – $2 trillion, I think, before the [U.S Securities … Read more