African News
UK’s economy continues recovery streak thanks to its GBP
The British Pound’s Surprising and Impressive Resurgence: The British pound has been putting on a remarkable show of strength, outperforming over 90% of global currencies since the New Year. This economic powerhouse is leaving analysts in awe and defying expectations amidst a backdrop of doom and gloom forecasts. The Bank of England’s resilient stance on…
Joe Biden’s economic approval stagnates, voters remain unmoved
President Joe Biden’s Economic Approval Lags Behind Improving U.S. Economy Amidst 2024 Re-election Bid The satisfaction of the American people with the U.S. economy is experiencing an uptick, as more individuals report feeling financially comfortable or stable, marking a significant increase from 43% to 48% since November 2023. Furthermore, those painting the economic scenario with…
Unizen announces user reimbursement after $2.1M hack
Unizen Addresses Security Breach and Commits to Reimbursing Affected Users: A Comprehensive Overview The decentralized finance (DeFi) protocol, Unizen, has recently undergone a significant setback as it experienced a security breach that resulted in the loss of approximately $2.1 million worth of user funds. This unfortunate event was detected on March 9, 2024, by blockchain…
UK FCA greenlights crypto ETNs for institutional investors
A Pivotal Moment: UK’s Financial Conduct Authority (FCA) Allows Regulated Crypto Asset-Backed Exchange-Traded Notes (ETNs) for Professional Investors The UK’s Financial Conduct Authority (FCA) announced recently that it will not oppose Recognised Investment Exchanges (RIEs) in establishing a listed market segment for crypto asset-backed exchange-traded notes (ETNs). This significant development marks an essential milestone for…
Let’s talk about central banks and inflation – Who is actually winning the fight?
Central Banks in Europe and the U.S. Considering Rate Cuts Amid Slowing Inflation The economic landscape is showing signs of change, with central banks in Europe and the U.S. considering rate cuts due to a potential slowdown in inflation. Let’s explore the recent developments that have fueled this shift in monetary policy. U.S. Employment Data…
Vitalik Buterin advocates quantum-proofing Ethereum blockchain
In a significant announcement, Ethereum co-founder Vitalik Buterin has shared details about Ethereum’s planned approach to mitigate potential quantum computing threats. This announcement comes in the wake of growing concerns over the security of cryptographic systems as quantum technology continues to advance. Buterin’s strategy revolves around enhancing Ethereum’s resilience through strategic updates and the integration…
BlockFi’s Zac Prince opens up about bankruptcy and new role
In a recent development, Zac Prince, the founder and former CEO of the now-defunct cryptocurrency lending platform BlockFi, has shared insights into the company’s ongoing bankruptcy proceedings and his future career plans. Prince’s silence until now was a deliberate strategy to allow the bankruptcy process to progress without external influence. Successfully Navigating Bankruptcy Proceedings and…
BlackRock’s IBIT ETF Hits $10 billion AUM in Record Time
BlackRock’s Bitcoin ETF, IBIT, Reaches $10 Billion in AUM: A New Milestone Amid Growing Interest in Cryptocurrencies The groundbreaking success of BlackRock’s Bitcoin ETF, IBIT, has reached a new milestone with $10 billion in assets under management (AUM), making it the fastest-growing U.S. ETF to reach this level. This remarkable achievement comes amid an escalating…
Bloomberg expert sheds light on meme coin growth dynamics
Recent Discussion on Meme Coins: Insights from Joe Weisenthal and Doug Colkitt In a captivating discussion on the current state of the financial markets and the surge of meme coins, Joe Weisenthal, the co-anchor of “What’d You Miss?” on Bloomberg Television, shed light on the intriguing nature and potential returns of meme coins. He drew…
Ubisoft Joins Forces with XPLA as a Node Validator to Revolutionize Web3 Gaming
In an unprecedented move for the blockchain and gaming industries, globally renowned video keyboards creator and publisher Ubisoft has officially joined the XPLA ecosystem as a node validator. This groundbreaking development is a testament to Ubisoft’s forward-thinking approach and its commitment to leveraging the potential of blockchain technology through its Strategic Innovation Lab. Ubisoft’s strategic…
JDI Group and Tensor Spearhead Revolutionary $20M Phoenix AI Ecosystem Fund
HONG KONG, CHINA, March 10th, 2024: The technological landscapes of ai and blockchain are on the brink of a revolutionary leap forward with the announcement of the Phoenix ai Ecosystem Fund, an ambitious collaboration between JDI Group and Tensor. This strategic partnership brings a substantial investment of $20 million to the table, with the primary…
Robert Kiyosaki makes huge Bitcoin prediction in 2024
Robert Kiyosaki’s Bullish Outlook on Bitcoin: $300,000 by Year-End Robert Kiyosaki, the highly esteemed author of the bestselling book “Rich Dad Poor Dad,” has once again voiced his optimistic stance on Bitcoin. With a bold prediction that Bitcoin could reach an astounding $300,000 per coin by the end of 2021, Kiyosaki continues to emphasize the…
Galaxy Digital CEO backs Bitcoin to hit $100,000 this year
Mike Novogratz’s Unwavering Bullish Prediction for Bitcoin: $100,000 by the End of 2021 In a recent interview with Fox Business, Galaxy Digital CEO Mike Novogratz reaffirmed his belief in the bullish potential of Bitcoin, stating confidently that the cryptocurrency will hit a staggering $100,000 by the end of this year. Novogratz emphasized the unparalleled momentum…
US banking sector draws speculation amid BTFP closure
Amidst the Approaching Conclusion of the US Federal Reserve’s Bank Term Funding Program (BTFP), Anxieties and Uncertainties Abound in the Financial Sector A Time of Unease: The US Banking Industry Braces for the End of the BTFP Launched in response to the tumultuous banking crisis that erupted in March 2023, the Federal Reserve’s Bank Term…
DeFi TVL hits $100 billion amid a Bitcoin-fueled surge
Recent Bitcoin Demand Surge Impacts Decentralized Finance (DeFi) and Crypto Markets Skyrocketing Demand for Bitcoin Propels Total Value Locked in DeFi Protocols Above $100 Billion The cryptocurrency market landscape has witnessed a seismic shift with the recent surge in demand for Bitcoin, sending ripples throughout the industry and significantly impacting the sentiment surrounding decentralized finance…
Making sense of all the things wrong with China’s economy
China’s Economic Challenges: A Mounting Stack of Issues Threatening the World’s Growth Engine For decades, China’s economic engine has been the envy of the world. However, signs of strain are starting to emerge as the country grapples with a multitude of issues that threaten its growth trajectory. With a 5% growth target feeling increasingly unrealistic,…
High cost of living threatens to crush Nigerians
The Devastating Impact of President Bola Tinubu’s Policies on the Nigerian People: A Humanitarian Crisis Unfolding Nigerians have long been acquainted with adversity, but the ongoing cost-of-living crisis has proven to be an unprecedented challenge that surpasses anything experienced before. In a span of just a few months, essential food items have witnessed astronomical price…
Jerome Powell has way too much faith in U.S. bank security
Jerome Powell’s Trust in the Resilience of U.S. Banks: A Closer Look at Commercial Real Estate Loans Jerome Powell, the Chair of the Federal Reserve, has expressed his confidence in the robustness and stability of the U.S. banking sector, particularly when it comes to commercial real estate loans. His optimistic stance is echoed by a…
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Joe Biden and his [hopeless?] mission to win back a wary America
Joe Biden’s Reelection Bid: A Tightrope Walk Amid Political Uncertainties Currently occupying the Oval Office, Joe Biden wrapped up his annual address to Congress with a subtle jab at former President Donald Trump. However, with the general election looming on November 5, there’s an undeniable question mark regarding Biden’s ability to secure a second term….
U.S. and Europe have something new to compete aggressively over
The Productivity Race: A New Battleground Between the U.S. and Europe The economic landscape has drastically changed, and the friendly sports matches and technological supremacy contests between the U.S. and Europe seem like relics of a bygone era. Today, we are witnessing an intense rivalry between these two economic powerhouses that speaks volumes about the…