American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin (BTC) or alternative cryptocurrencies, in response to the uncertainty created by the collapse of Silicon Valley Bank (SVB). In ...
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Low-Cost Hospital Cash Insurance Product With Funeral Benefits Launched in Uganda
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Airtel Mobile Commerce Uganda Limited (AMCUL) has announced a strategic partnership with Prudential Assurance Uganda Limited and insurtech Turaco Insurance Brokers LTD to provide ‘Hospital Sente’, a low-cost hospital cash insurance product with funeral benefits. The product’s aim is to ...
Marathon reports $410M of cash and Bitcoin following earlier 10-K delay
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Ad Crypto mining firm Marathon Digital Holdings published its February operations report on March 2, outlining its finances and hashrate data for the past month. Marathon has $410 million of unrestricted assets In its report, Marathon said it increased its ...
Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO – Fintech Bitcoin News
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The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, ...
Contactless vs Cash Payments: BusinessComparison and Barclays Uncover UK Spending Habits
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In the digital age wherein almost everything can be done from our phones – including making payments – and contactless bank cards have become synonymous with the shopping experience, the time wherein consumers opted to pay in cash has seen ...
Bitfarms pay off $21M debt with one-time cash payment of $7.75M
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Ad Crypto miner Bitfarms has settled a $21 million debt owed to bankrupt crypto lender BlockFi with a one-time cash payment of $7.75 million, according to a Feb. 9 press statement. Bitfarm agreed with BlockFi to restructure the debt and ...
UK’s digital pound would modernize payments but won’t replace cash: Minister
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The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could “provide a new way to pay” without necessarily replacing cash. On Feb. 7, a joint consultation paper on Central Bank Digital ...
As Branches Close and ATMs Disappear, Can Physical Banking Evolve to Retain Access to Cash?
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The closure of banks continues to intensify as at least 193 bank branches plan to close their doors for good in 2023. While many turn to online banking and digital payments, how are banking services evolving to support those who ...
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals
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The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC on Nigerian ...
Raydium exploiter moves $2.7M to crypto mixer Tornado Cash
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In an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount is worth around $2.7 million at the time of writing. While security teams from various exchanges continue ...