African News
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…
Bitcoin set to hit $45K after market correction – Winter preparations could prove handy
Bitcoin Dips Below $68,000 Amidst Anticipated Market Fluctuations: A Look into the Reasons Behind Today’s Downturn and Previous Trends Bitcoin, the world’s largest cryptocurrency by market cap, has experienced a downturn recently, with its price trajectory indicating a potential slide towards the $45,000 mark. The current economic climate has left investors and enthusiasts on edge…
Robert Kiyosaki backs Bitcoin: Touts supremacy over Gold
Renowned financial author Robert Kiyosaki, known for his best-selling books on personal finance and wealth-building, has once again expressed his strong belief in the superiority of Bitcoin over traditional assets such as gold and silver. In a recent social media post, Kiyosaki highlighted the fixed supply of 21 million coins that sets Bitcoin apart from…
SEC battles website downtime amid market fluctuations
The unexpected downtime experienced by the United States Securities and Exchange Commission (SEC) on their Website late Friday night sparked widespread speculation across various social media platforms. The issue, which prevented users from accessing SEC.gov for several hours between 3 AM GMT and around 8 AM GMT, left many questioning the potential causes behind this…
Bybit faces regulatory heat for unlicensed Hong Kong operations
The Securities and Futures Commission (SFC) of Hong Kong: A Warning Against Unlicensed Virtual Asset Trading Platform Bybit The financial regulatory landscape is constantly evolving, with regulators taking decisive actions to protect investors and maintain market integrity. In this context, the Securities and Futures Commission (SFC) of Hong Kong has recently issued a public warning…
Tornado Cash used by Lazarus group despite sanctions
The notorious Lazarus Group, which has been linked to North Korea, has resumed its activities involving the cryptocurrency mixer Tornado Cash. This was revealed by analytics firm Elliptic, which highlighted on-chain activity showing that the group transferred approximately $12 million worth of cryptocurrency to Tornado Cash’s wallets on March 13, 2023. It is essential to…
Chainlink’s CCIP revenue jumps 180% amid growing adoption
Chainlink’s Cross-Chain Interoperability Protocol (CCIP): A Game Changer in Blockchain Ecosystem with 180% Revenue Surge in Two Months The past two months have seen an impressive surge of 180% in the revenue generated by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). With a fee revenue jump from approximately $61,000 in January to over $171,000 during the first…
Federal Reserve is likely not going to cut interest rates this year
The Latest U.S. Economic Data: A Game Changer for the Federal Reserve’s Interest Rate Decisions Recent economic data from the United States has put an end to any speculation about the Federal Reserve (Fed) cutting interest rates in the near future. The latest reports on inflation and unemployment claims have surpassed expectations, indicating that the…
Low-income U.S. consumers continue to suffer despite it all
Amidst the Economy’s Rosy Picture, a Hidden Reality for Low-Income U.S. Consumers: Despite the economic landscape adorned with growth figures and impressive employment statistics, the situation remains grim for low-income Americans. Struggling to free themselves from the quagmire of inflation and unyielding interest rates, they find their financial bootstraps worn threadbare. This situation contrasts starkly…
Crypto investment funds break $100B AUM worldwide for the first time
Global Assets under Management (AUM) in Cryptocurrency Investment Products Surpass $100 Billion: According to recent data from the leading digital asset investment firm, CoinShares, global assets under management (AUM) in cryptocurrency investment products have surpassed the $100 billion mark. This significant achievement is a result of robust inflows into crypto funds and impressive gains in…
Ethereum’s Dencun upgrade to focus on transaction fee stability
The Successful Implementation of Ethereum’s Dencun Hard Fork: A Game-Changer for Scalability and Fee Stabilization Expert Insights on Ethereum’s Dencun Upgrade from Fuel Labs CEO The much-anticipated Dencun hard fork of Ethereum, deemed the most significant upgrade since The Merge, was executed on the mainnet on March 13. This update has garnered extensive attention, particularly…
Memecoins recent surge tied to significant increase in network activities
Memecoins, a subclass of cryptocurrencies recognized for their fanciful origins and speculative characteristics, have garnered substantial interest within the financial sphere in recent times. Despite not inherently holding any value, these tokens have displayed an intriguing correlation between their price escalations and the expansion of user wallets on underling blockchains, as per a report issued…
Reactor Motors hires Pierre Morel to oversee its NFT movie adaptation
Reactor Motors: A Digital Artwork Collection Transforms into a Hollywood Film On Thursday, the creators of Reactor Motors, an Ethereum-based collection of NFTs, announced that their digital artwork will be making its way to the big screen. The news was met with excitement as veteran filmmaker Pierre Morel was appointed to helm the adaptation. Renowned…