African News
China’s economic comeback is not going to be strong, or impressive
Surprising News: China’s Expected Economic Revival Might Not Materialize as Planned A Slow Start to the Chinese Economy in 2024 The beginning of the year presented a confusing picture for China’s much-anticipated economic revival. The real estate sector, in particular, showed signs of fatigue and uncertainty, casting a long shadow over any optimistic projections for…
United States manufacturing firms turn their attention to the metaverse
The Industrial Metaverse: A Game Changer for United States Manufacturing Firms Manufacturing industries in the United States are experiencing a significant shift in their approach to production cycle challenges, with an increasing focus on the industrial metaverse. According to a report published by the World Economic Forum (WEF) on March 12, 2023, an astounding 92%…
Solana community embroiled in NFT tussle with Dogwifhat owners
In the fascinating world of Shiba Inu-themed meme coins, where endearing memes and a distinct language reign supreme, recent disagreements have emerged within the Solana community. These discords stem from a contentious issue surrounding an NFT depicting the real-life Shiba Inu named Achi, who has served as the inspiration for the renowned Dogwifhat (WIF) meme…
Aevo’s drastic trading volume drop triggers wash trading allegations
Recent Volatility in Aevo’s Trading Volume Sparks Concerns Over Potential Market Manipulation The Controversial Surge and Fall in Aevo’s Daily Trading Volume The decentralized crypto perpetual and options exchange, Aevo, has recently experienced a significant increase and subsequent decrease in daily trading volume, causing alarm among market participants regarding potential market manipulation. The exchange’s trading…
COPA seeks injunction against Craig Wright after court verdict
The Crypto Open Patent Alliance (COPA), an organization dedicated to safeguarding the cryptocurrency ecosystem, has recently secured a significant victory in its ongoing legal performance against Craig Wright, a computer scientist who has long claimed to be Satoshi Nakamoto, the enigmatic creator of Bitcoin. The presiding judge in the U.K. trial ruled that Wright is…
The crypto weekend watch amid Bitcoin ‘bubble-bust’ talks
Amidst the ongoing debates surrounding the potential “bubble-bust” of Bitcoin and the broader crypto market, it is essential for investors and enthusiasts to remain well-informed and vigilant about the latest developments in this dynamic space. In this comprehensive analysis, we will delve deeper into the current market situation, potential bubble characteristics, causes of Bitcoin bubbles,…
Nigerian SEC proposes hefty fee increase for crypto exchange registration
Nigerian Securities and Exchange Commission Proposes Significant Amendments to Crypto Regulations In a pivotal development for the crypto industry within Nigeria, the Securities and Exchange Commission (SEC) has announced plans to revise the regulations that govern platforms offering cryptocurrency services. This announcement comes as part of Nigeria’s broader strategy to establish a more regulated environment…
Bitcoin’s bullish backer MicroStrategy surpasses Amazon in trading volume
MicroStrategy’s Unprecedented Bitcoin Trading Volume Surpasses Amazon: A Game-Changer for the Cryptocurrency Market Background: MicroStrategy, a leading firm in Bitcoin holdings, has recently outperformed Amazon in daily trading volume with an astounding $8 billion. This development follows MicroStrategy’s announcement of a $525 million convertible debt offering, which boasts a modest 0.875% annual interest rate. MicroStrategy’s…
XRP advocate John Deaton steps up campaign against senator Elizabeth Warren
John Deaton’s Senate Campaign: A Call for Change Against Elite Funding and Established Power John Deaton, a prominent lawyer in the XRP community and an outspoken critic of Senator Elizabeth Warren, is challenging her for the Massachusetts Senate seat. Deaton’s campaign gained traction with his strong stance against Warren and her acceptance of funding from…
Hong Kong’s SFC issues warnings to traders about MEXC
Recent Regulatory Developments: Hong Kong’s SFC Lists Unlicensed Crypto Exchange MEXC on Its Cautionary List Hong Kong’s SFC Takes Action Against Unlicensed Crypto Exchange MEXC In a recent regulatory move, the Securities and Futures Commission (SFC) of Hong Kong added the cryptocurrency exchange MEXC to its cautionary list on March 15, 2023. This action signifies…
Donald Trump becomes the preferred candidate among crypto holders
Surprising Preference of Crypto Community Towards Donald Trump: Insights from Paradigm’s Survey In a groundbreaking revelation, a survey conducted by the esteemed crypto venture capital firm, Paradigm, has uncovered that Donald Trump enjoys significant support from the crypto community. The comprehensive study, carried out by Public Opinion Strategies between February 28 and March 4 among…
Indian Railways unveil plans to roll out NFT train tickets
Indian Railways Introduces NFT Train Tickets during Holi Festival: A Leap Forward in Ticketing Innovation Indian Railways, the country’s national rail system, is making waves during the vibrant and colorful Holi festival by launching non-fungible token (NFT) train tickets for two Delhi-bound trains. This pioneering initiative, spearheaded by the Indian Railway Catering and Tourism Corporation…
Vitalik Buterin reiterates the importance of layer-2 solutions on Ethereum
Ethereum co-founder Vitalik Buterin has highlighted the significance of transitioning the focus towards building decentralized applications and solutions on Ethereum’s layer-2 (L2) following the successful completion of the Dencun hard fork. This shift in perspective comes after Ethereum achieved scalability through L2 rollups with the reduction of costs associated with submitting cryptographic proofs to its…
Blockchain AI platform NetMind assures no platform breach amid NMT token sale speculation
NetMind, the innovative blockchain artificial intelligence (ai) platform, has firmly denied allegations of a platform-wide hack that have been circulating in the cryptocurrency community. The recent price drop of NetMind’s token, NMT, has sparked concerns among investors about a potential exploit that could lead to an unlimited generation of tokens. Background: NetMind’s GPU Mining Platform…
Canto Boosts Blockchain with Polygon Integration and Cyclone Stack Upgrades
In a Notable Turn of Events: The Canto Blockchain Announces Its Commitment to cosmos Ecosystem as a Layer 1 (L1) Network After extensive research and consensus among major contributors, the Canto blockchain has made a significant strategic shift in its plans. Instead of transitioning towards the Ethereum ecosystem through collaboration with polygon as initially intended,…
Aptos Labs and Google Cloud Forge a New Path in Blockchain Gaming with Aptos GameStack
Revolutionizing Blockchain Gaming: Aptos Labs and Google Cloud Join Forces with the Launch of Aptos GameStack In a groundbreaking announcement, Aptos Labs, the pioneering team behind the Aptos blockchain, has revealed the launch of their latest offering – the Aptos GameStack. This cutting-edge development suite is set to transform the way games integrating cryptocurrencies and…
Aptos Labs and Google Cloud Forge a New Path in Blockchain Gaming with Aptos GameStack
In a groundbreaking development for the gaming industry, Aptos Labs, the pioneering team behind the Aptos blockchain, recently announced the launch of their revolutionary new offering – Aptos GameStack. This state-of-the-art development suite is set to redefine the way games that incorporate cryptocurrencies and Non-Fungible Tokens (NFTs) are created. The initiative marks a significant milestone…
US 2024 elections and crypto sign up for a “dance of death”
The forthcoming US 2024 elections have sparked intense interest and anticipation across the nation, serving as a pivotal moment in shaping America’s future. Intriguingly, the political landscape is intersecting with the decentralized world of cryptocurrency, giving rise to an intriguing fusion of technology and finance. This unique merger has captured the attention of both political…
JPMorgan warns of MicroStrategy’s Bitcoin dark future
MicroStrategy’s Bitcoin Purchases: Debt Financing and Future Market Implications The high-profile purchases of Bitcoin by MicroStrategy have garnered significant attention due to their potential implications in the event of a future market downturn. According to a report by JPMorgan, the large-scale acquisition of Bitcoin using borrowed funds raises concerns about exacerbating the impact of a…
Nayib Bukele’s Bitcoin brains, do you want some?
Nayib Bukele, the charismatic President of El Salvador, has made headlines around the world for his groundbreaking approach to incorporating Bitcoin into his country’s economic framework. Known for his strategic and innovative mindset, Bukele has positioned Bitcoin as a tool for financial inclusion and reducing remittance fees for Salvadorans. This bold move made El Salvador…