Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Investment Giant Fidelity Launches Digital Assets Service U.S. investment firm Fidelity has launched a digital assets service targeting institutional clients this week. The new company, Fidelity Digital Asset Services, will offer custody and trade execution services for digital assets, looking towards hedge funds, family offices, and market intermediaries as clients. In the announcement …

Major international crypto exchange Binance has announced that its fiat-to-crypto exchange will open in Uganda this week, the company reveals Monday, Oct. 15. CEO and founder of Binance, Changpeng Zhao (CZ), had told Cointelegraph in an exclusive interview in June of plans to open the Ugandan crypto-fiat exchange. As per Binance Uganda’s press release, the new branch will officially start accepting deposits and withdrawals of Ugandan shillings (UGX) Wednesday, Oct. 17. Binance Uganda notes that exchange has already begun its know-your-customer (KYC) procedures. An additional press release reports that Uganda’s national fiat can only be traded with Bitcoin (BTC) and …

Sept. 15 came with the announcement from the Binance co-founder and CEO Changpeng Zhao (also referred to as ‘CZ’): One of the largest global crypto exchanges will start testing a crypto-fiat exchange in Singapore. While no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar. A closed beta testing was conducted on Sept. 18, after that CZ shared a hope the platform could start its work within months. Starting an exchange in the third most favorable country in the world for Initial Coin Offerings (ICOs) is an ambitious step — the most recent …

Changpeng Zhao, the CEO and founder of Binance, said the company is about to launch a crypto-fiat exchange in Uganda, in an exclusive interview with Cointelegraph today, June 28. The new platform, Binance Uganda, will be the company’s first foray into fiat-crypto trading - supporting the Ugandan Shilling, alongside major cryptocurrencies - and is set to launch imminently. Zhao, better known in the crypto industry as ‘CZ,’ told Cointelegraph that the move “shows Binance is not just into chasing the most developed markets”: “We think that crypto has a very strong use case in less developed countries… there’s more money …

Crypto exchange Binance announced plans to allow fiat-crypto trading this year through a separate Malta-based exchange, a Binance representative told Cointelegraph today, June 11. Binance is currently the second largest cryptocurrency exchange by 24-hour trading volume, seeing about $1.5 bln in trades on the day to press time. While Bloomberg reported today that Binance will “soon allow customers to convert digital tokens into fiat currencies”, a Binance representative clarified to Cointelegraph that “Binance.com is a pure crypto-to-crypto exchange.” They confirmed that crypto-fiat trading will only be offered through a separate local exchange the company is opening in Malta. Binance Malta …

Bitcoin and blockchain tech are ripe for mainstream adoption in Africa, where the population is well positioned to embrace the innovative technologies as alternatives to the expensive and/or outdated banking systems scattered across the continent. Lack of economic infrastructure paired with inadequate financial education has left a large portion of Africans without bank accounts or basic monetary means. However, in many countries the proliferation of smartphones has allowed access to alternative financial services which have become a dominant means of payment, especially among the high proportion of millennials. Bitcoin’s appeal is in large part due to its accessibility and inclusivity, …

East Africa-based charity GiveDirectly has expanded into cryptocurrency with a $1 mln donation in crypto tokens from decentralized payment network OmiseGO, it announced Tuesday, March 27. The donation, which OmiseGO contributed together with Ethereum cofounder Vitalik Buterin, will see GiveDirectly continue an experimental scheme aimed directly at refugees, providing 12,000 grants to families in Uganda. A pilot scheme has already seen 4,400 families receive $650, TechCrunch reported Tuesday, with the cryptocurrency experiment increasing the self-sufficiency of the process and reducing reliance on intermediaries. “This is a major new chapter for us, entering the humanitarian space with a service to give …