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Showing posts from May 11, 2024

Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’

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In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could precipitate a “sharp correction” in markets, potentially leading to widespread financial strain. “Some indicators of financial stress have risen,” […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/YLjO8nT

Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal

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Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking. This change marks a significant pivot from their earlier filings, which had contemplated engaging trusted staking providers to manage part of the trust’s assets. Ark Invest and 21shares Modify Ethereum ETF Proposal, Omit Staking […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/YLjO8nT

South African Fintech Startup Leseka Tech Signs Deal to Buy Payments Provider for $86M

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Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $86 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo $12.5 million in cash. The funds will be sourced both internally and from external financiers. Lesaka Technologies to Issue Shares […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/YLjO8nT