Cointelegraph hit the gym with Ray Youssef, co-founder and CEO of Paxful, to tackle Bitcoin adoption in the Global South. In between sets and a little out of breath, Youssef told Cointelegraph, “The Global South is where we should be looking” for Bitcoin A New Yorker born in Egypt, Youssef…

QUICK TAKE Most bitcoin mining stocks were down on Thursday. Most bitcoin mining stocks tracked by The Block fell in the markets on Thursday. Bitcoin was trading at around $20,190 by market close, according to data from TradingView.

QUICK TAKE Standard Chartered will be a founding shareholder in Partior after making an investment of an undisclosed amount. Partior was founded by JPMorgan, DBS and Temasek, and was backed by the Monetary Authority of Singapore. International banking group Standard Chartered has invested in Partior and will be a founding shareholder in…

QUICK TAKE The IRS is developing “hundreds” of soon-to-be-public cases involving crypto. The cases being built reportedly involve crypto-to-fiat “off-ramping” transactions, as well as individuals being paid in crypto. The United States Internal Revenue Service is developing “hundreds” of soon-to-be-public cases involving crypto, according to a Bloomberg Tax report citing division chief…

Singapore’s financial regulator granted HashKey Group’s investment arm a license to operate in the city state. The firm announced today that it has received approval for a Capital Markets Service license from the Monetary Authority of Singapore. HashKey Capital Singapore will offer fund management services in the country. “Once the CMS license is granted, HashKey Capital will be able to offer its services to institutional and accredited investors,” said Deng Chao, CEO of HashKey Capital Singapore, in a statement.

Majority of Africans in the crypto scene use cryptocurrencies for economic and commercial purposes, deviating from the trend observed in developed markets, where crypto assets are mainly used to diversify portfolios. Trends indicate that many African youths that are unemployed or lacking economic opportunities are turning to cryptocurrencies to build and preserve wealth, while in other countries, such digital assets are used only to multiply existing wealth.

A look at adoption and acceptance of the eNaira one year after it was introduced About a year ago, Nigeria introduced a digital version of its official currency, the Naira. The introduction of the so-called eNaira was partly a response to concerns that the rising popularity of crypto in the…

On Tuesday, South Africa’s biggest retailer, Pick n Pay, disclosed that its customers can now make payments at some of its designated stores using cryptos. The announcement follows the successful completion of the first pilot phase that allows the retail store to support crypto payments. Hence, Pick n Pay customers…

Paxos is the first US-Based Blockchain Infrastructure Platform to Secure Regulatory Oversight in Key Financial Hubs of New York and Singapore NEW YORK & SINGAPORE — November 2, 2022 — Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act…