BITCOIN

Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step Towards Full Crypto License in Hong Kong SEBA Hong Kong, a subsidiary of the Zug-headquartered crypto bank SEBA Bank, has been issued an in-principle approval by the Securities and Futures Commission ( SFC ) of the Chinese Special Administrative region, the bank said on Wednesday. The approval has been granted for the entity’s application for a license to conduct regulated activities in Hong Kong which will allow it to deal in securities, including crypto-related products such as over-the-counter derivatives and structured products. Backed by the Swiss banking giant Julius Baer, SEBA Bank provides wealth management, investment, and trading solutions for the digital age. A Hong Kong licen...

An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less Complicated Lemfi, an Africa-focused remittances platform, recently raised a $33 million in a Series A round which was led by Left Lane Capital. In a press statement , Lemfi, which has a presence in Canada and the U.K., said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” In comments accompanying the capital raise announcement, Ridwan Olalere, a co-founder and CEO of Lemfi, seemingly characterized the successful round as an endorsement of the company’s objective of making financial services more accessible to immigrants. Olalere, who claims to have seen first-hand the challenges faced by migrants, also spoke of how Lemfi’s produ...

In the rapidly evolving world of cryptocurrencies, stablecoins have emerged as a beacon of stability amidst the volatility of digital assets like Bitcoin and Ethereum. Stablecoins are digital currencies anchored to a diversified asset, such as fiat currency or different commodities like gold. One of the most promising developments in the stablecoin market is the unique Edelcoin. Edelcoin: A Unique Stablecoin Enter Edelcoin , a stablecoin backed by a basket of precious and base metals which are used across various industries, including medicine, medical research, electronics, aerospace, military, energy, telecommunications, and navigation. These metals include Copper Isotope, Nickel Wire (NP1, NP2), and Caesium 133, each with unique applications and supply circumstances. Benefits of Edelcoin Edelcoin is backed by these metals, offering benefits such as low volatility due to the real nature of the underlying assets. The basket nature of the underlying metals further reinforces the ...