Main ContentCredete has raised $2.25 million in a seed funding round led by Blockchain Founders Fund.Credete leverages blockchain technology to provide a dual benefit for African migrants by enabling them to build credit and send money home at low fees, thereby solving the dire financial integration challenges facing migrants.Since its launch, Kredete has grown rapidly, reaching over 300,000 users and processing over $100 million in transactions.Kredete, a fintech platform for African immigrants, has raised $2.25 million in seed funding. The funding round was led by Blockchain Founders Fund, with contributions from influential investors including Techstars, Tezos Foundation, and Polymorphic Capital.The…
Author: Crypto Flexs
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Telegram, a popular messaging service among cryptocurrency enthusiasts, held $400 million worth of digital assets as of the end of 2023, according to a report in the Financial Times.The report, which cites a copy of Telegram’s 2023 financial statements, found that a significant portion of the messaging app’s revenue came from digital asset-related activities listed under the “integrated wallet” and “collectibles sales” categories.The combined revenue of the two line items is approximately $148 million, or about 40% of Telegram’s annual revenue. According to the report, “the integrated wallet is a software program that allows users to store, send, receive, and…
Cryptocurrency analyst and trader Jason Ficino gives his thoughts on where altcoins are likely to go in the coming months. Ficino told his 332,000 YouTube subscribers that he expected an “altcoin rally” in the fourth quarter of this year, either during or after the U.S. presidential election on November 5. Ficino said that the market cap of the Tether (USDT) stablecoin may have peaked compared to other cryptocurrencies and is likely to decline further, indicating that market participants are using the stablecoin to accumulate crypto assets. He shares a reverse chart of USDT dominance (USDT.D) and seems to predict further…
Darius Baru Aug 31, 2024 02:13 Tokenizing real-world assets is revolutionizing traditional finance by integrating physical assets into the DeFi ecosystem, increasing accessibility and efficiency. The tokenization of real-world assets (RWAs) is reshaping the way traditional physical assets are managed and traded digitally. According to The Sui Blog, by bringing these assets on-chain and integrating them into the DeFi ecosystem, tokenized RWAs provide greater accessibility, efficiency, and functionality to assets such as real estate, commodities, and fine art.What are real assets?In the context of Web3, RWA refers to assets that exist naturally outside of…
People • Aug 30, 2024 2:59 AM EDT Posted 1 minute earlier ~ in Updated: August 30, 2024 3:06 AM EDT Elon Musk and his electric car company Tesla have won a class action lawsuit. In 2022, he filed a lawsuit against Musk, claiming that his comments were fabricated. Dogecoin viceroy -0.15% It crashed the market and harmed investors.U.S. District Judge Alvin Hellerstein be rejected A lawsuit with prejudice filed on Thursday was permanently dismissed.In June 2022, investors sued Musk and his company, claiming that they were defrauded by a series of tweets and other Dogecoin-related activities. The investors alleged…
Solana was testing support levels that had been in place for months at the time of writing due to persistent selling pressure and lack of buyer interest. Despite the price weakness, on-chain data remained positive, with Solana’s development activity surging 33% month-over-month. Solana (SUN) It has fallen nearly 4% in the last 24 hours, with the bearish trend across the broader crypto markets adding to the headwind. The token was trading at $139 at the time of writing. SOL had the biggest drop among the top 10 cryptocurrencies by market cap, with trading volume also down 12%. CoinMarketCap Data shows…
Jack Anderson 26 Aug 2024 16:49 AssemblyAI announced that it is improving its automatic language detection model to increase accuracy and expand support for 17 languages. AssemblyAI has announced significant improvements to its automatic language detection (ALD) model, promising greater accuracy and support for a wider range of languages. According to AssemblyAI, these improvements are aimed at helping companies build more robust, multilingual applications. Improved accuracy and expanded language support The updated ALD model supports 17 languages, up from 7 previously, and includes additional languages such as Chinese, Finnish, and Hindi. AssemblyAI claims that…
Community & educationBeerFi Prague MeetupsTechnical meetups focused on builders and contract development, hosted in Prague, Czech Republic.Community & educationBlockchain Course with UNAHCryptoversidadComprehensive program on cryptocurrency and blockchain with a focus on the Ethereum ecosystem, delivered in collaboration with the Universidad Nacional Autónoma de Honduras (UNAH).Community & educationCode Africa HackathonHackathon in Nairobi, Kenya that encouraged participants to build projects that could lead to positive real-world impact and explore themes such as zero knowledge (ZK), account abstraction, and privacy.Community & educationDigital Democracy DayBlockSplitEvent organized in Split, Croatia that delved into the future of collaborative technology and plural democracy, with an emphasis on…
Macro • August 30, 2024 8:26 AM EDT Posted 1 minute earlier ~ in Bitcoin Bitcoin -1.10% Volatility is expected to decline as market participants brace for a possible interest rate cut by the U.S. Federal Reserve next month. “Ahead of next week’s U.S. nonfarm payrolls report, we expect market volatility to continue to trend lower as markets brace for a possible Fed rate cut,” QCP Capital analysts said.According to QCP Capital, next week’s U.S. nonfarm payrolls numbers and Friday’s GDP data are expected to provide market participants with greater clarity on the likelihood and size of a rate cut…
Welcome to Finance Redefined, a weekly newsletter designed to bring you the most important events of the past week, providing essential insights into decentralized finance (DeFi).This week brought some worrying news. Cryptocurrency hackers are set to steal more than $1.2 billion in 2024, a 15.5% increase over 2023. Will they surpass the total value stolen in 2023?In more positive news for investors, Celsius, a bankrupt crypto lender, has finally paid back two-thirds of its customers after paying back $2.53 billion to 251,000 creditors. Celsius owed a total of $3 billion to over 375,000 creditors.Cryptocurrency Hackers to Steal $1.2 Billion by…