BITCOIN

Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers. Rostec Eyes Russky Island for Trials of Digital Currency Payments The largest Russian industrial and technology conglomerate, Rostec, us preparing to launch a project dedicated to integrating cryptocurrencies into cross-border transactions. The main task will be to limit the negative effects of sanctions on the activities of Russian importers and exporters that are experiencing mounting pressure. The Russian economy, especially foreign trade operations, was hit hard by financial restrictions imposed by the West over Moscow’s military intervention in Ukraine. Proposals to legalize the use of digital financial assets in deals with partners, including cryptocurrencies , stablecoins and the upcoming digital rub

With The Merge coming next week and Cardano’s Vasil hard fork commencing soon after, the market capitalization of the top smart contract tokens by valuation increased 1.19% during the past 24 hours to $316 billion on September 11, 2022. Moreover, the market capitalization of the top smart contract crypto assets today has increased 44.35% against the U.S. dollar since the end of June. Top Smart Contracts Tokens by Market Capitalization Gain More Than 44% in 80 Days The top smart contract tokens by market capitalization have increased a great deal during the last two months ahead of Ethereum’s highly anticipated Merge. When The Merge takes place, the second largest crypto asset by market capitalization, and the largest smart contract token by valuation, Ethereum (ETH) , will transition from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum has gained a decent amount of value leading up to The Merge which is scheduled to happen in just over two days or around September 14, 2022 .

After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa. New Funding to Help Bitmama Scale Up Crypto Use Cases in Africa A Nigeria-based blockchain startup, Bitmama, recently closed its pre-seed funding round at $2 million after it added $1.65 million to the $350,000 that was raised in October last year. According to a Techcrunch report , the funding round was led by two Africa-focused venture capital (VC) firms, namely, Unicorn Growth Capital and Launch Africa. Also participating in the fundraise were existing and new investors such as Adaverse, Flori Ventures, Tekedia Capital, Greenhouse Capital, ODBA, Five35 Ventures, Chrysalis Capital, Enrich Africa, Thrive Africa, and Angellist Ventures. Angel investors that participated in the round include Rene R