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The raise was completed at a $240 million valuation with participation from big names like Pantera Capital The exchange will use the capital to add more products, expand into other markets, and hire more people In what is the largest ever raise by an African crypto firm, crypto exchange VALR, has today announced it completed a $50 million Series B funding round led by Pantera Capital. Several other institutional investors were involved, including Coinbase Ventures, Third Prime, Alameda Research, Distributed Global, and Fidelity Investments’ affiliate Avon Ventures. Following the raise, VALR has a $240 million valuation. VALR launched in June 2019 and has previously concluded a Series A funding round of $3.45 million back in July 2020 at a valuation ten times less than the current. Th...
Unathi Kamlana, the commissioner of South Africa’s Financial Sector Conduct Authority, has reportedly said the government’s rollout of a crypto framework would be aimed at mitigating any potential risks. According to a Friday report from Bloomberg, Kamlana said the financial regulator planned to present a regulatory framework early in 2022 intended to protect investors from “potentially highly risky” crypto assets. The commissioner said any framework on crypto would be created in coordination with the Prudential Authority and Financial Surveillance Board of the South African Reserve Bank. “What we want to be able to do is to intervene when we think that what is provided to potential customers are products that they don’t understand that are potentially highly risky,” said Kamlana. “We must...
Image sourced from Marketing91. The dawn of the Fourth Industrial Revolution (4IR) was always going to be fraught with challenges, but nobody could have predicted the massively disruptive event that was the COVID-19 pandemic. The world was thrown into turmoil and forced to adapt – it became a matter of ‘digital or die.’ The pandemic threw into stark relief the need to continually adapt skill sets to meet evolving requirements in a world where the only constant is change. With the future uncertain, one thing is for sure – ongoing skills development is the best defence to ensure organisations can pivot to handle digital disruption with ease. New World, New Skills The 2020 ‘Future of Jobs’ report from the World Economic Forum estimates that by 2025, on average, organisations will require 40% ...