Exchanges Roundup: Tether, Bitfinex Drop Noble Bank, Bitmex Hires COO

In recent news pertaining to cryptocurrency exchanges, Noble Bank is looking to sell after reportedly losing Bitfinex and Tether as clients, Bitmex has announced the former compliance head of Hong Kong Exchanges and Clearing Limited as its new chief operating officer, and Huobi’s director of research into blockchain applications has discussed the company’s goals for … Read more

New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development in Africa’s biggest bitcoin market. Also read: Payments Platform Wirex Launches … Read more

Bitmain Bids for Public Listing on the Hong Kong Stock Exchange

The China-based mining manufacturer Bitmain Technologies has filed its initial public offering (IPO) prospectus in order to gain approval to be listed on the Hong Kong Stock Exchange. Also Read: Japanese Regulators Urgently Respond to Zaif’s Hack Bitmain Officially Files for IPO Status in Hong Kong The large mining firm Bitmain has officially initiated its attempt … Read more

European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a … Read more

Nigerian President Demands HSBC Bank Return $100M in Stolen Money

Decentralised cryptocurrencies like bitcoin are anathema to traditional banking. Bitcoin allows people to trade directly with each other, bypassing banks, the conventional middlemen. Banks make money by charging fees for the services they provide, including keeping one’s money in a bank. It is no surprise, therefore, that they hate cryptocurrency. But banks aren’t guiltless, they … Read more