African News
Ripple lawyers challenge SEC chair on crypto stance
Recent Criticism Against SEC Chair Gary Gensler: Pro-XRP Lawyers Speak Out Amidst a flurry of critiques from the cryptocurrency community, prominent pro-XRP lawyers have expressed strong opposition towards SEC Chair Gary Gensler. They have accused him of lacking leadership and unfairly targeting the crypto industry due to his recent remarks on the necessity of public…
Worldcoin Foundation makes its Orb technology open source
worldcoin Foundation Open-Sources Key Components of Its Orb Technology: A Commitment to Trust, Transparency, and Collaboration worldcoin Foundation, the organization responsible for the development of a digital asset protocol led by OpenAI co-founder and CEO Sam Altman, declared on July 14, 2023, its intention to open-source core components of its Orb technology. This significant move…
Cathie Wood lauds Bitcoin’s use cases in emerging markets
Ark Invest CEO Cathie Wood Discusses the Multifaceted Role of Bitcoin, Particularly in Emerging Markets Cathie Wood Hails Bitcoin’s Significant Use Cases, Particularly in Emerging Markets During a fireside chat at the recent Friday Bitcoin Investor Day conference in New York, Cathie Wood, CEO of Ark Invest, referred to Bitcoin as a “financial super highway.”…
United Kingdom court convicts resident for money laundering
A London Resident Faces Legal Consequences for Money Laundering with Over $4.3 Billion in Bitcoins In a recent development, Jian Wen, a resident of London, has been brought to justice by the United Kingdom’s legal system after being discovered in possession of bitcoins valued at an astonishing $4.3 billion. Wen’s involvement in a money laundering…
United Nations discusses the involvement of North Korea in crypto heists
Unraveling North Korea’s Crypto Heists: A $3 Billion Source of Foreign Currency for Weapons Development The latest United Nations (UN) report sheds new light on the illicit activities of North Korean cyber actors in the realm of cryptocurrency. The UN panel of experts estimates that 50% of the country’s foreign currency earnings since 2017 have…
Is India planning to break away from the BRICS? For U.S.?
A Complex Tale of Geopolitics and Economics: India’s Shift from BRICS to the U.S. The whispers and headlines surrounding India’s potential departure from its BRICS allies have created a cacophony of speculation. This isn’t just an intriguing piece of gossip; it’s a multifaceted narrative that interweaves economics, international relations, and the intricate tapestry of geopolitics….
BlackRock may pause Ethereum ETF plans over client demand
BlackRock’s Potential Shift in Digital Asset Strategy: Ethereum ETF on Hold Amid Regulatory Uncertainties and Client Preferences BlackRock, the world’s largest asset manager, has expressed tentative plans to reconsider its application for an Ethereum Exchange-Traded Fund (ETF) following the successful launch of its Bitcoin ETF in January 2024. During the Bitcoin Investor Day conference in…
XRPL launches AMM feature, opening new passive income avenues
The XRP Ledger (XRPL), a decentralized financial (DeFi) platform, has made a major stride in its evolution with the introduction of an Automated Market maker (AMM) feature. This development went live on March 22, as announced by the RippleX team. The implementation of this non-custodial AMM marks an essential advancement in the XRPL decentralized exchange…
Super Sushi Samurai exploited for $4.6M right before its launch
Super Sushi Samurai: A Blockchain Game Plagued by a $4.6 Million Exploit The much-anticipated launch of Super Sushi Samurai (SSS), a blockchain game developed on Coinbase’s Blast layer-2 solution, was overshadowed by an unfortunate event. A devastating exploit led to the loss of approximately $4.6 million just hours before the scheduled release of the gaming…
Bitcoin set for the worst weekend since August 2023
Current Dilemma of Bitcoin: A Shaky Week After Faltering Demand for ETFs The digital currency landscape is experiencing turbulence as Bitcoin (BTC) faces its most challenging week since August. This downturn comes amidst waning demand for exchange-traded funds (ETFs) linked to Bitcoin, leading to a significant decline in its price. The cryptocurrency has dropped more…
What does Worldcoin plan to achieve by making Orb software open-source?
worldcoin Makes a Bold Move Towards Transparency: Open-Sourcing Its Orb Software In a significant development for the blockchain community and in line with its mission to democratize access to the global economy, worldcoin has announced that it will be making the core components of its Orb software open-source. This decision is expected to enhance transparency…
Ripple vs. SEC: Sealed documents set for public viewing
In the evolving legal saga between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, recent progress has been made as the SEC has filed its initial remedies brief along with accompanying documents, albeit under seal. This latest move in the case has generated widespread interest within the cryptocurrency industry as the public awaits…
Crypto analysts can’t seem to narrow down the exact Bitcoin halving date – Here’s why
Understanding Bitcoin Halving: An Unpredictable Event in the Cryptocurrency World Bitcoin (BTC) halving is a significant event that takes place approximately every four years in the cryptocurrency world. This event brings about a reduction by half in the rewards earned by Bitcoin miners for their efforts. While the concept of halving is well-known, predicting its…
Ether ETFs coming in Q2 2024? Probably not
Navigating the Uncertainties Surrounding Ether ETFs: Regulatory Challenges and Market Implications As the SEC prepares to make a decision on potential Ethereum exchange-traded funds (ETFs) in May, anticipation is high yet uncertainty lingers among analysts and investors regarding regulatory clarity and market reactions. Ether ETFs Fall Behind the Predicted Timeline Bloomberg’s James Seyffart, an ETF…
Bankers go bonkers as FTX dangles 8% stake in hot AI startup Anthropic
FTX’s 8% Stake in Anthropic: Who Will Be the Fortunate Buyer? The bankruptcy court in New York has given its approval for FTX’s estate to sell its 8% stake in Anthropic, an artificial intelligence (ai) startup. This significant investment, worth $500 million three years ago, has now seen its value more than double due to…
Why does the world still believe the US is the leading economy when half of its states are in recession?
Amidst Economic Uncertainties: Half of American States Suffer from Recession and USD Faces Challenges The United States economy is currently grappling with a multifaceted crisis, with implications reaching far beyond its borders. Recent economic data paints a concerning picture as half of the American states are experiencing a recession. This prolonged period of economic downturn…
Is Ether a security? What happens if the SEC says it is?
Ethereum (ETH) and the SEC Classification Debate: Implications for the Second-Largest Crypto by Market Cap The ongoing debate about whether Ethereum (ETH), the second-largest cryptocurrency by market capitalization, should be classified as a security by the U.S. Securities and Exchange Commission (SEC) has garnered significant attention within the crypto community and from regulators. The SEC’s…
How are UK consumers doing in the face of this “stable” economy?
Amidst the volatile economic landscape of the United Kingdom, speculation and debate about the country’s financial stability continue to dominate headlines. In an effort to shed light on this complex issue, we delve into the experiences of everyday citizens as revealed by recent research conducted by GfK. The study offers a flickering insight into the…
WisdomTree granted NY charter to offer crypto custody and stablecoin services
WisdomTree Obtains NYDFS Charter for Crypto Services: Establishing WisdomTree Digital Trust Company, LLC and Introducing WisdomTree Prime WisdomTree, a leading global asset management company, has recently announced that it has received a charter from the New York State Department of Financial Services (NYDFS) to offer crypto-related services, making it the latest addition to an exclusive…
Bitcoin eyes historic seventh consecutive month rally
Bitcoin’s Historic Run: Seven Consecutive Monthly Green Closes in Sight Bitcoin (BTC), the world’s leading cryptocurrency, is on an impressive streak as it aims to achieve a significant milestone – seven consecutive monthly green closes by the end of March 2022. To reach this historic feat, Bitcoin must maintain its price above February’s close of…