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Yellow Card African Cryptocurrency Exchange Closes $ 15 Million Series A

Africa has become a stronghold for the adoption of cryptocurrencies. Venture capital seeks to capitalize on the growing trend.

The Yellow Card African cryptocurrency exchange has closed a $ 15 million Series A fundraiser led by some of the largest blockchain venture capital funds, highlighting the potential for growth in digital assets on the continent.

The fundraiser, which has been described as the largest ever by an African cryptocurrency exchange, will allow Yellow Card to expand its operations in Africa and attract new talent, the company said on Monday. Series A came about a year after Yellow Card successfully raised $ 1.5 million from various investors.

The investment round was led by Valar Ventures, Third Price and Castle Island Ventures with additional participation from Square, Inc., Blockchain.com Ventures, Coinbase Ventures, Polychain Capital, BlockFi, MoonPay and others.

Yellow Pay was launched in 2018 in Nigeria before expanding its operations across the continent. Currently, its headquarters are in Atlanta, Georgia, although the main focus of the company appears to be the creation of a Pan-African cryptocurrency platform.

Africa continues to be a major source of growth for the cryptocurrency market as locals find new ways to fight inflation, tight exchange rate policies, and capital controls. Peer-to-peer trading platforms like Paxful have seen significant growth in Nigeria after the central bank decided to block remittances in the local naira currency. As Cointelegraph reported, Nigeria’s Quidax cryptocurrency exchange reported more than $ 3.2 billion in lifetime transactions through May, underscoring the rapid adoption of cryptocurrencies in the country.

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PayPal launches new consumer app for cryptocurrencies, savings and direct deposit

PayPal has announced the launch of a new app designed to be a one-stop-shop for all digital payment needs of customers of the company’s customers.

As Cointelegraph reported, PayPal CEO Dan Schulman announced in July that the company’s super app was ready to launch in the United States.

According to a press release on Tuesday, PayPal’s new app will give users access to all of the company’s digital financial products. The new app covers both encrypted and unencrypted use cases with a wallet tab to manage crypto payments and savings with high returns.

In fact, PayPal’s announcement included a partnership with online banking Synchrony Bank to provide a high-yield savings account through the new app.

As part of the announcement, the digital payments giant said customers could earn an annual return of up to 0.40% on their savings with the new app as part of the announcement.

Customers can also transfer earnings from their savings account to PayPal balance to use when shopping online. Other features mentioned are bill payments, refunds and discounts, as well as direct deposits. The latest feature will reportedly allow customers to receive payments two days earlier.

Related: PayPal Users Can Withdraw Cryptocurrencies to External Wallets PayPal also announced plans to add more features to the app in the coming months, including offline QR code payments and investment opportunities.

In August, Cointelegraph reported that PayPal was considering a foray into retail.

The announcement of the new client app comes just days after the company launched crypto trading for users in the UK.

Schulman has already argued that digital payments will be even more so, stating in December 2020 that the time is right for widespread adoption of cryptocurrencies.

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How do I buy, sell and trade in Bitcoin?

If you define bitcoin, it is a protocol or network that has remained a revolutionary technology.

It comes with the culture that you can find in yourself. Hence, it can be called virtual money. In this article, we are going to talk about the basics of how BTC works as a financial asset. Also, explore the best ways to buy this digital currency, review the methods to sell it, and some simple explanations of the various transactions.

It is certainly not investment advice; Instead, it means gaining other vital information about how Bitcoin works as a financial asset. For more specific things, you can explore websites like https://trustpedia.io/trading-robots/bitcoin-era/ as we start like this: Buy BTC in the US You have the option to buy BTC from various portals or even BTC-based ATMs.

For example, in the US, BTC ATMs are popular kiosks that look like any traditional ATM. However, a closer look would help you to know that you need to log into your affected bank account and then they will continue to log onto the web and then allow you to get the money with the credit cards against BTC.

For your convenience, we can see that these BTC ATMs charge fees with BTC for convenience and then operate with multiple machines at a higher price and therefore can be offered with other online exchanges. You can even increase inquiries by 7% more than agencies like CFPB. The other option for users can be any first time buyer of BTC in the US doing so through a large scale online BTC exchange using an app or laptop.

To buy BTC you need platforms like exchanges.

So all you need is a good BTC wallet, and some of them are known to give you a wide range of options when it comes to accessing traditional money like USD to exchange accounts.

Some exchanges are more credible if you think about it, while others may even charge you high fees. You can explore more of the above websites and get a head start.

The last step in buying BTC is to trust a wallet that can keep things under your control. The purchase involves several steps; You may need a bitcoin wallet; Therefore, it can be seen that this is a very safe bet with management. While many would see how you can get into BTC through major exchanges, a sturdy type of BTC wallet can help you manage the contents of your private keys.

Send and receive bitcoins Once you have the bitcoin, you will definitely want to experiment with it by selling it or spending it somewhere. You can find several places to enjoy the shopping spree with great deals that only accept money in BTC.

Various BTC sellers can experience the same on leveraged exchanges and get the P2P platform or get stuff from personal markets that help sell more of their earned BTC. On the contrary, if you want to trade BTC and any exchange platform, you can create your own BTC wallet. Sending and receiving BTC is often referred to as identical transactions, which can take too much effort to obtain a public ledger called the BTC Blockchain.

Usually we can see that bitcoin transactions take place with the BTC type of record, where the same people seek the help of both to buy and receive them, with various related things.

One of the most important things to remember is that you cannot reverse the BTC transaction. So be sure to check everything before making a transaction to avoid regrets. Also, there are several other ways to deal with Bitcoin without the purchase option. Finally, BTC wallets are the best option for exchanging these digital currencies.

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London-based investment firm launches new vertical for digital asset investments

Brevan Howard Asset Management LLP made two major announcements today, outlining its future plans for cryptocurrency expansion.

First, the hedge fund hired Colleen Sullivan to lead its crypto vertical. Second, it is launching a new vertical for investments in digital assets. These are important announcements to optimize your cryptocurrency venture capital and private investment activities. CEO Aron Landy said in a statement:

«La croyance de Brevan Howard dans l’immense diversité des opportunités au sein de l’espace des actifs numériques et l’importance de cela pour les macro-investors à long term is the raison pour laquelle nous sommes ravis d’accueilir Colleen au sein of the society “,

Prior to her association with Brevan, Sullivan was a co-founder, CEO and partner of Chicago-based CMT Digital.

Her division focused on crypto asset trading, blockchain technology investments, as well as legal and political engagement in the vertical sector. And now that the hedge fund is looking to expand into the same tech vertical, it has also introduced a specialized division called BH Digital. In early April, the UK fund allocated 1.5% of its $ 5.6 billion fund to digital assets. Also, in addition to Bitcoin, it has already delved into other liquid tokens and crypto startups. Even before these announcements, founder Alan Howard had already made personal investments in crypto.

He is said to have owned a 25% stake in One River Asset Management and he is said to have interests in crypto companies like Copper. co. and Elwood.

The former CEO reportedly has at least nine investments in crypto companies. Lately, many hedge funds like Tudor Investment Corporation and Third Point are reviewing the crypto waters. As recently as last week, Bain Capital Ventures (BCV) submitted an application for a crypto-focused fund called BCV Crypto Fund I, L.P.

Why the Increase in Hedge Fund Investments A PwC 2021 report on global hedge funds explains why. The main reason most hedge fund managers gave for including digital assets was “general diversification.” Aside from that, “exposure to a new value-creating ecosystem” and its ability to “hedge against inflation” were other reasons for the growing popularity of cryptocurrencies among hedge fund investments.

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Cryptocurrency news

The financial administration in Slovenia offers a special tax of 10% on crypto income

Slovenia may be small, but it is one of the fastest growing countries in Europe, especially in a business and economic context. After its successful economic successor to Yugoslavia, it became the first country to join the European Union in 2004 and is the richest Slavic country in terms of per capita GDP.

The adoption of cryptocurrency in Slovenia has grown rapidly over the years. Citizens’ knowledge of cryptocurrencies is relatively high. The cryptocurrency tax bill According to local media, the Financial Administration of the Republic of Slovenia (FURS) has made a proposal to change the crypto tax rules in the country.

This proposal aims to introduce a taxable income calculation of 10% for activities in cryptocurrencies in the near future. The country’s tax administration says this change would dramatically simplify the taxation of cryptocurrency-related income.

The total market for cryptocurrencies is $ 2.28 trillion | Source: TradingView.com’s Total Crypto Market Cap Currently, the agency has to analyze a person’s cryptographic activities on a case-by-case basis. It examines many of the transactions a contributor has made between buying and selling digital currency, as well as the various cryptocurrencies that they have bought, sold, or converted. Should the changes be introduced, the tax authorities stated that they would no longer have to go through this stagnant and lengthy crypto-administrative process.

Related reading | Make Money In Bitcoin Markets? Don’t forget the crypto taxes “We would like to point out that it is not the profit that is taxed, but the amount that a Slovenian taxpayer receives in his bank account when he converts virtual currency into cash or buys something,” said FURS, according to media reports. Introduction of the cryptocurrency in Slovenia Recently, Slovenia has been projected as a hotspot for blockchain and cryptocurrency activities. With an estimated population of 2 million, the country has more physical locations that accept cryptocurrency payments than the entire United States.

Related reading | Slovenia Bitcoin City becomes the world’s first fully cryptocompatible lifestyle hub According to GoCrypto, as of 2020, more than 1,000 locations will allow payments in cryptocurrency, including cafes, restaurants, dentists, hair salons and hotels. In early 2019, it was also the only country in the world where you could only survive thanks to cryptocurrencies.