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Is BlockFi Safe, Legit, and Worth Your Time?

BlockFi was founded in 2017 by Zac Prince and Flori Marquez. The mission being to provide credit services to markets that currently have limited access to products such as simple savings accounts.

BlockFi’s unique proposition and what sets it apart from other crypto asset service providers is that the company pairs market-leading rates with institutional-quality benefits. The company is the only independent lender with institutional backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi and Coinbase Ventures.

Cryptocurrency holders with BlockFi accounts can earn interest on Bitcoin and stablecoins. …


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Robinhood has come on leaps and bounds since it was founded back in April 2013 by Vladimir Tenev and Baiju Bhatt, two New York-based financial developers. The name, of course, is a nod to Robin Hood, the historical outlaw of Sherwood Forest, who stole from the rich and gave to the poor. The founders are quoted as saying they want to ‘provide everyone with access to the financial markets, not just the wealthy’. Did they achieve what they set out to?

Let’s find out…

The Positives

  • Commission-free stock, ETF and options trading, fractional shares trading, and free cryptocurrency trading — what more could a serious trader want from their exchange? Perhaps recurring investments, well, fortunately, Robinhood is introducing those too, so long-term strategists will feel very comfortable on this platform. …

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In view of remarkable developments in the crypto sector worldwide, the question is, which African banks are gaining first mover advantage in the crypto space?

Like in other sectors of the economy, institutions that gain early entry into the digital asset market space will have a competitive advantage.

As the saying goes, “early birds catch the fattest worms,” the same may apply to banks that adopt cryptocurrency in their operations in these early stages.

Interesting developments

There are several developments taking place relating to the adoption of cryptocurrencies in different countries, which show the direction we are going.

Marshall Islands’ national digital currency: Marshall Islands has introduced a national currency (cryptocurrency), the Marshallese sovereign (SOV). It built the SOV token on the Algorand blockchain. …


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Read the full review on Decentralised Africa

This time we are putting the lens on Blockchain.com, to see if aside from having perhaps the best URL in the cryptosphere, whether their service and products are of industry-topping quality too. Home to over 60 million free wallets that have transacted over $6.2 trillion in total, the Luxembourg-based operation is the biggest and most trusted wallet provider in the world, launching all the way back in 2011. …


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Read the full article on Decentralised Africa.

There are dozens of different platforms in the world of decentralized finance. The most popular DeFi platforms are decentralized cryptocurrency lending and borrowing services. These offer incredible benefits to both lenders and borrowers, primarily because there is no third party in the middle requiring elaborate paperwork and taking a cut of all transactions. Compound Finance is the first DeFi lending platform to become popular in the cryptocurrency space, mainly because of the incredibly high interest rates users could earn for lending their funds to the platform.


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Read the full list on Decentralised Africa

Binance has become the biggest centralized cryptocurrency exchange in the world based on trading volume, web traffic, average liquidity, and the amount of quality market pairings available, they are the world’s best and biggest. Check out our full review here.

BitMEX is a cryptocurrency exchange and derivative trading platform that trades Bitcoin and other cryptocurrencies with up to 100x leverage. It was founded in 2014 and is headquartered Seychelles. Create an account today!

Coinbase Pro is a product by Coinbase and targets professional crypto traders by offering a professional trading interface and lower fees. The platform allows you to track the market, view trading history, monitor open orders and manage multiple portfolios. …


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DeFi is a new financial sector. It has been around for about two years but has only recently begun to see significant growth. Over the last year alone, the total value “locked” in DeFi exceeded 10 billion USD and continues to rise. Users are rushing into the space for many reasons, but primarily due to the high interest rates offered by DeFi applications, which have exceeded 2000% in some cases.


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You may have come across the term virtual staffing or outsourcing before but if you haven’t then you need not worry because by the end of this piece you’ll have all the information you require to determine whether virtual staffing is the right solution for your business.

Essentially, the term virtual staffing is broadly associated with outsourcing, which is simply a process by which companies either contract individuals or agencies in order to meet their business objectives. Contrary to some myths perpetuated by the industry’s critics, virtual staffing tends to actually begin when organisations understand their unique competitive advantage and gain insight into the areas of their offering that others can perform better. For example, if a company’s core competencies are in product design or development, it is sensible that it seeks expert resources to meet its non-core competencies from those individuals or agencies that are more specialised in those areas in order to achieve optimal efficiency outcomes. …


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CTO Craven Buitendach highlights how Thumbzup combines in-house developed code with Azure services and in-demand security standards to come up with payment applications for retailers.

Read the full feature at CIO Online. Craven Buitendach is a technology leader experienced in the delivery of applications for the payments, retail, cellular, fuel and healthcare industries. Currently he is CTO of Thumbzup, a payment platform that provides retailers with mobile payment applications. In this Q&A, Buitendach discusses how his company implements cloud and cybersecurity technology for their services, and how IT leaders in Africa can deploy emerging tech. Excerpts:

What have been the main IT achievements of your organisation locally in the past year? Can you give us some insight into your technology stack?


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Source

The recent interpretive letter issued by the Office of the Comptroller of the Currency (OCC) clarified that national banks in the USA have the authority to provide fiat bank accounts and cryptocurrency custodial services to cryptocurrency businesses. According to reports, this clarification from the OCC may open the doors for larger financial institutions to be more comfortable providing traditional bank accounts to cryptocurrency companies, as well as actually provide custodial services for customers’ private keys.

What does this mean for the crypto industry?

Companies that have survived the cutthroat bear market which followed the last crypto bull cycle in 2017 have had time to build on their ideas with a sizeable number of them are launching new products and service offerings and continuing with remarkable growth both in technical development and business model refinement. The catalyst for the run-up to Bitcoin’s all time high was largely attributed to initial coin offerings (ICOs) and looking at the landscape today, the excitement and momentum building has largely been due to the developments in decentralised finance (DeFI). …

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