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Africa’s blockchain and cryptocurrency space is receiving much-needed venture support at a tough time for startups, some of which are facing challenges such as a tough regulatory environment, macro policies, or outright mismanagement. Some companies have withdrawn from certain markets or closed down completely. The boost involves Yellow Card, a US-founded crypto platform that launched in Nigeria in 2019 and has since become Nigeria’s most-funded cryptocurrency exchange. The company confirmed to TechCrunch that it has raised $33 million in Series C investment led by 10-year-old venture firm Blockchain Capital. The company’s investments include Coinbase, Kraken, OpenSea, and most recently Worldcoin.…

Gaming and social dominate as the two big cryptocurrency use cases, according to a new report from Andreessen Horowitz. The State of Crypto 2024 report also revealed that while DeFi has the highest number of daily active addresses, stablecoins are a close second at 34% vs. 32%. Infrastructure comes in third place at about 14%. Growth has continued this cycle, with monthly active addresses reaching an all-time high of 220 million, representing “growth reminiscent of early Internet adoption.” Among these addresses, Solana and Base are the most active, with the EVM chain accounting for 52 million addresses and other chains…

In a shocking development, Whale is focusing on more prominent projects such as Phase 3 pre-sales star LNEX Network (LNEX), which has already raised funding, so it has no interest in Sui (SUI) or Ripple ( People are starting to let go of famous cryptocurrencies such as XRP. 840,000 and is expected to reach $1.5 million by the end of this month.While SUI and XRP are currently charting in the green, experts say LNEX’s long-term growth potential stands out, with many predicting Lunex Network will soar 20x in the coming months. He says he is predicting.Sui (SUI) launches native USDCSui…

London, UK, October 16, 2024, Chainwire Neon EVM pioneers Solana’s network expansion category, ushering in a new era of converged growth. Neon EVM, the leading Ethereum Virtual Machine (EVM) on Solana, officially embraces Solana network extensions as a product category and perfectly captures the essence of this new category. Network extensions fill a critical gap in the Solana ecosystem. By providing a formal category for projects that natively extend Solana’s functionality, Neon EVM provides clarity for developers, investors, and users alike. Traditionally, this position stemmed from the unique nature of Neon EVM and various other projects (MagicBlock, MetaPlex, etc.) as…

Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. As the cryptocurrency market evolves, DTX Exchange is attracting investors from Dogecoin and Ripple with its promising hybrid trading platform. As the cryptocurrency market continues to evolve, investors are always looking for the next big opportunity. In 2024, DTX Exchange (DTX) has grown into an outstanding performing company and attracted many investors with its advanced hybrid trading platform. DTX’s significant growth potential is attracting investors from established coins such as Dogecoin (DOGE) and Ripple (XRP). Despite being in the…

Bitcoin and blockchain infrastructure company Blockstream Corp. announced Tuesday that it has raised $210 million in new funding led by Fulgar Ventures. The company said the funds will be used to expand the development and adoption of its Bitcoin Layer 2 technology, which will be used to scale up blockchain transactions, mining operations, and financial product development. Blockstream’s Liquid Network, a Layer 2 solution devised by Blockstream co-founder and CEO Dr. Adam Back, provides a “side blockchain” protocol built on top of the Bitcoin blockchain. Responding to the growing demand for secure and scalable Bitcoin-based financial products. . Liquid’s capabilities…

After Brad Garlinghouse announced the RLUSD stablecoin at the beginning of the month, more information was recently released, including key features, launch date, and exchange-listed partners. However, the Ripple vs. SEC lawsuit still puts tremendous pressure on blockchain service providers and native tokens, with users concerned about the impact on stablecoin performance and XRP price. Why RLUSD Stablecoin could be a game changer RLUSD is a stablecoin whose value is pegged to the US dollar at a 1:1 ratio. This provides additional stability compared to regular altcoins. The company launched it for use in cross-border payments. Furthermore, we expect it…

The small-cap Russell 2000 index (^RUT) rose more than 1.5% on Wednesday, far outpacing the gains of the three major indexes and nearing its 52-week high of 2,300.If the Russell index closes at current levels, it would be the highest closing price for the index since November 2021.Small-cap stocks are one of the most controversial trades on Wall Street in 2024. Strategists argue that lower interest rates will benefit the group, as the sector is highly exposed to refinancing risks. Wall Street strategists say this theory, combined with evidence that the U.S. economy continues to see strong growth, has once…

Morgan Stanley stock soared to an all-time high Wednesday after the company’s top and bottom lines beat in the third quarter in a show of strength across the bank. Sales for the three months ended Sept. 30 rose nearly 16% from a year earlier to $15.38 billion, beating estimates of $14.4 billion, according to estimates compiled by LSEG. LSEG said earnings per share (EPS) rose more than 36% year over year to $1.88, beating expectations of $1.58. MS YTD Mountain Morgan Stanley YTD Club Stock Morgan Stanley rose 7.5%. At one stage, it went even higher, breaking through the target…

Hermetica, which operates the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. This funding will support the growth of USDh, a stablecoin designed to be backed by Bitcoin (BTC). A stablecoin is a type of cryptocurrency that aims to keep its value tied to a stable asset like the US dollar, rather than fluctuating like Bitcoin. USDh allows Bitcoin holders to trade digital assets pegged to the value of the US dollar without leaving the Bitcoin ecosystem. For example, 1 USDh is equivalent to 1 USD worth of Bitcoin. According to a company press release, UTXO Management led…