Bitcoin News and Finance: What You Need to Know

Nigeria’s National Information Technology Development Agency recently said it has launched a blockchain training program and over 30,000 people are set to participate. The objective of the training course is to make the participants “early solution providers in the fourth industrial revolution.” Hastening Adoption of Blockchain The Nigerian government has said it plans to educate over 30,000 people about blockchain technology. The training, which will be conducted by the National Information Technology Development Agency (NITDA), is intended to hasten the adoption of the tech and make Nigeria a leading player in the blockchain industry. According to a report by Radio Nigeria, the announcement was made by the director-general of NITDA, Kashifu Inuwa, who encouraged Nigerians to take advantage of the scholarships which have been made available for this purpose. Inuwa also suggested the purpose of the government’s push to train many Nigerians is to ensure they become “early solution ...

The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects ( NAPP ), the authority regulating the crypto space in the Central Asian nation, has removed restrictions imposed on Bestchange.ru , a popular exchange aggregator in Russia and the former Soviet space. The development was announced by the Digital Rights Center (DRC) law firm whose legal experts have been representing the crypto platform. The DRC is specializing in providing legal assistance to internet users and businesses and was able to secure the unblocking of Bestchange.ru in Russia. The NAPP, which is subordinated to the presidential administration in Tashkent, began restricting foreign-based c...

SevenX Ventures, a crypto investment fund focused on early-stage blockchain projects in Asia, has built over 80 public investment portfolios. The three co-founders, industry veterans, have built portfolios in DeFi, NFT, GameFi, and beyond. Since its launch in 2020, SevenX Ventures has advocated for immersive investing – going beyond financial support to assist funded projects in financial planning, tokenomic design, and marketing. The team helps startups create a stronger foundation that will hold during periods of growth and market changes. By mapping out parts of its portfolio below, Seven X shares its vision for a Web3 future. Blockchain Network Near is a Layer 1 public chain, which includes optimized sharding design, Nightshade consensus, and a large block design. It has developed and implemented Ethereum 2.0 in its system designs for POS and sharding. The protocol’s account system and the support for large-scale concurrent applications make it the most promising infrastruc...

On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market. Brazilian Securities Regulator CVM to Create Separate Crypto Regulatory Institution The growth of the cryptocurrency market is causing troubles for some regulatory agencies around the world that lack the manpower needed to reach all actors in the market. The Brazilian Securities Regulator, CVM, announced on Nov. 1 that it will create a crypto-specific superintendence with the objective of exercising the needed oversight over all participants in the market. Joao Pedro Nascimento, president of the CVM, stated that one of the causes of this decision is the lack of manpower the organization is experiencing right now, whic...

Blocto, a multichain wallet has announced the launch of a $3 million Aptos Ecosystem Fund whose objective is to help onboard new users to Aptos. Besides financially supporting projects, the Aptos fund will be used to back standout projects when they get to the “user acquisition phase.” Access to Aptos’ in-House and External Investor Base Blocto, a multichain wallet and crypto ecosystem, has announced the launch of a $3 million Aptos Ecosystem Fund to be used for onboarding new users to Aptos, a layer one proof of stake blockchain. The launch of the fund follows Blocto’s recent integration with Aptos which reportedly saw “more than 300,000 users set up an Aptos wallet within the first week.” According to a statement shared with Bitcoin.com News, Blocto, which is backed by billionaire Mark Cuban, plans to use the Aptos Ecosystem Fund to financially support mutually beneficial projects. Besides extending financial support, Blocto will also back standout projects when they get to the “...

Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.” Bakkt to Expand Client Verticals With Different Offerings by Acquiring Apex Crypto On Nov. 3, 2022, Bakkt announced that the company has purchased a “turnkey” crypto-trading platform called Apex Crypto, a platform that offers trading solutions, custody, and more for a myriad of crypto assets. Bakkt acquired the firm from Apex Fintech Solutions (AFS) and Bakkt says it intends to continue its commercial relationship with AFS. The company believes that Apex Crypto will further enhance Bakkt’s crypto offerings. “We found a unique asset in Apex Crypto, which will expand our crypto client base, provide us with faster speed to market for new crypto capabilities and...