African News
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…
![America, the [senseless] economy that you are - African News - News](https://www.24bitcoin.org/wp-content/uploads/2024/03/DALL·E-2024-03-22-21.12.58-Create-a-thought-provoking-image-that-captures-the-complex-and-at-times-senseless-nature-of-Americas-economy-without-using-text.-Visualize-this-th-600x400.webp "America, the [senseless] economy that you are")
America, the [senseless] economy that you are
The Enigma of America’s Economy: Defying Gravity Amidst Rising Interest Rates A Dance with Dollars: Unraveling the Mystery of America’s Robust Economy America is like that one friend who, despite a diet mainly consisting of processed sugar and fast food, somehow remains inexplicably fit. Similarly, the U.S. economy has been maintaining an impressive shape despite…
Pakistan University kickstarts classes in the Metaverse
The Information Technology University of Lahore in Pakistan: Pioneering Metaverse-Based Learning The Information Technology University (ITU) of Lahore, Pakistan, has recently made headlines by introducing the country’s first-ever virtual reality (VR) classes within the metaverse. This groundbreaking initiative marks a significant leap forward in educational technology, as reported by local Pakistani news outlet Samaa TV…
Crypto market experiences general crash ahead of the upcoming Bitcoin halving
The cryptocurrency market experienced a substantial downturn on Friday, with major coins such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) undergoing noticeable price declines. Bitcoin, the largest digital asset by crypto market capitalization, saw a decrease of over 4% in the last 24 hours, dropping to approximately $63,400, according to CoinGecko. Bitcoin’s Halving and…
U.S. Government wants to sell private jets linked to FTX’s Sam Bankman-Fried
On March 22, 2023, the U.S. Attorney’s Office for the Southern District of New York filed a request with the U.S. District Court to sell two private aircraft belonging to Sam “SBF” Bankman-Fried, the former CEO of cryptocurrency exchange FTX. According to the filing by U.S. Attorney Damian Williams [stated in the document], this move…
Exciting! Coinbase Set to Launch 3 New Leveraged and CFTC-regulated Futures
Coinbase Derivatives Announces New Leveraged and CFTC-Regulated Futures Contracts for Bitcoin Cash, Litecoin, and Dogecoin: A Giant Leap Towards Broader Adoption The cryptocurrency community was abuzz with excitement on March 21, 2024, when Coinbase Derivatives, the derivatives department of the popular cryptocurrency exchange platform, made a significant announcement. They revealed their intentions to launch the…
Silvergate to face lawsuit over alleged FTX exchange fraud
Class-Action Lawsuit Against Silvergate Bank: Allegations of Facilitating Fraud at FTX and Alameda Research In a notable turn of events within the cryptocurrency banking sector, Silvergate Bank is facing a class-action lawsuit following accusations from FTX users. These allegations claim that Silvergate played a role in enabling fraudulent activities at the exchange and its affiliate,…
Researchers discover critical vulnerability in Apple M-Series chips
In a recent development, academic researchers have disclosed a new vulnerability, referred to as GoFetch, within Apple’s M-series chips used in Mac devices. This flaw could potentially enable attackers to extract sensitive cryptographic keys from these devices without requiring elevated system privileges. The vulnerability, deeply embedded in the microarchitectural design of Apple’s silicon, is proving…
Bitcoin surges after Federal Reserve rate announcement
Over the past few days, Bitcoin (BTC) has witnessed notable fluctuations in its valuation, experiencing a significant surge after the latest Federal Open Market Committee (FOMC) session. The cryptocurrency reached a high of $68,000 within a short span of 17 hours following a dip to $60,760 per unit. This upward trend came after the FOMC…