Saturday, October 10

Business

Nexo Launches Regulated Crypto-backed Credit in Australia

Nexo Australia launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act, the company said in a Tuesday announcement shared with Cointelegraph.The new credit lines allow eligible clients to borrow Australian dollars or stablecoins…

Centrifuge Adds Symbiotic Liquidity Network Across .6B Tokenized Funds

Centrifuge has added Symbiotic’s liquidity network across three tokenized funds that represent about $1.6 billion in assets under management, giving eligible holders another route to exchange their positions for USDC.The integration covers Janus Henderson’s JAAA, an AAA-rated collateralized loan obligation…

Cypherpunk Expands Zcash Bet With M Mining Deal

Cypherpunk Technologies is expanding its footprint in the Zcash ecosystem, launching what it says is the world’s largest Zcash mining operation after acquiring a mining fleet from Winklevoss Capital, signaling growing institutional interest in the privacy-focused network.Cypherpunk said Tuesday that…

SEC Proposes New Crypto Rules in Absence of CLARITY Act

The US Securities and Exchange Commission (SEC) has proposed new rules that could affect the cryptocurrency industry after lawmakers in Congress failed to pass a market structure bill before breaking for a month-long recess.In a Tuesday notice, the SEC said…

Interstice, FalconX Link Canton to Ethereum, Solana

Interstice Digital has launched a cross-chain swap engine with FalconX connecting the Canton Network with Ethereum, Solana and Robinhood Chain. According to Tuesday’s announcement, the non-custodial engine allows assets to be swapped across the four networks without Interstice taking custody or…

Metaplanet to Take Controlling Stake in Super League Enterprise

Metaplanet, the Tokyo-listed company that has adopted Bitcoin as its primary treasury reserve asset, plans to take a controlling stake in Nasdaq-listed Super League Enterprise, expanding its Bitcoin treasury strategy into the United States and potentially opening up new sources…

Africa’s biggest bank targets stake in OPay ahead of IPO

Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States. OPay is working with Citigroup, Deutsche Bank AG and JPMorgan Chase…

Kraken’s Krak Launches Multi-Asset Debit Card in US

Kraken’s payment app, Krak, has launched a multi-asset debit card in the US, allowing customers to spend crypto and fiat while earning up to 2% cashback in dollars or Bitcoin (BTC).The card supports more than 600 currencies and assets, with…

Cement costs more in Nigeria than Kenya, Tanzania as FCCPC probes pricing

The Federal Competition and Consumer Protection Commission (FCCPC) says preliminary findings from an investigation into Nigeria’s cement market have raised concerns over possible manipulation of prices in the sector. The investigation was launched following widespread complaints about the rising cost…

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