African News
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…
Bill Morgan predicts XRP could surpass $3.4 amid legal clarity
In an insightful analysis, Attorney Bill Morgan has identified several key factors that could potentially drive the cryptocurrency xrp to surpass its previous all-time high (ATH) of $3.4 within the year, despite the asset’s lackluster performance amid a broader market rally. Morgan’s perspective provides valuable insights into potential catalysts that could instigate a significant price…
Binance uses Ripple ruling to dispute SEC’s Wahi precedent
Binance, Binance.US, and Changpeng “CZ” Zhao File Joint Response to SEC’s Relying on Wahi Case for Classifying Crypto Tokens as Securities On March 8, 2023, Binance, Binance.US, and co-founder Changpeng “CZ” Zhao submitted a joint response to the U.S. Securities and Exchange Commission (SEC) regarding their ongoing lawsuit. The defendants argue against the SEC’s reliance…
Nigeria reaps billions as Tinubu’s policies start yielding results
Nigeria’s Economy: Revitalization Amidst Challenges Under President Tinubu’s Administration After years of economic stagnation, Nigeria’s economy is finally showing signs of improvement, a testament to the fresh strategies implemented by President Bola Tinubu’s administration. For too long, the nation had been akin to a car stuck in the mud, spinning its wheels yet going nowhere…
Hong Kong launches project to test WCBDC and tokenized deposits
Hong Kong, one of the world’s leading financial hubs, is taking bold steps towards embracing digital currencies and tokenization with the unveiling of “Project Ensemble” by the Hong Kong Monetary Authority (HKMA). This groundbreaking initiative aims to evaluate the potential feasibility of a wholesale central bank digital currency (WCBDC) and the tokenization of private bank…
Ethereum’s revenue surge to reach two-year high
Remarkable Resurgence of ethereum Network: A Week of Record Revenues and Deflationary Pressure ethereum Network Fees Reach Two-Year High Amid Meme token Frenzy The ethereum network has witnessed an astonishing upswing in revenue this week, registering a level not observed since May 2022. This surge can be linked to the speculative buzz surrounding meme coins,…
Appeals Court overturns Binance’s lawsuit verdict
Second Circuit Court of Appeals Reverses Dismissal in Binance Lawsuit, Reviving Securities Allegations A recent decision by the Second Circuit Court of Appeals has overturned a lower court dismissal and reinstated a lawsuit against Binance, the world’s largest cryptocurrency exchange, its former CEO Changpeng Zhao, and other executives. The lawsuit, initiated in April 2020 by…
NFT market experiences a significant rise in sales in a week
A Week of Significant Growth in Non-Fungible token (NFT) Sales The non-fungible token (NFT) market witnessed a remarkable surge over the past week, with transactions reaching a total value of $442.02 million – an impressive 11.62% increase compared to the previous seven days. Among these transactions, bitcoin-based NFTs emerged as clear front-runners in terms of…
Jito Labs discontinues Mempool feature amid sandwich attacks
In a significant development for the solana blockchain community, Jito Labs, the innovative team behind a well-known alternative client, has announced the temporary suspension of its mempool function through the Jito Block Engine. This decision follows intensive deliberations between Jito Labs and key stakeholders in the solana ecosystem, as a result of concerns over the…
Cryptopia to return crypto to users following 2019 hack
Cryptopia’s Road to Recovery: Returning Cryptocurrencies to Account Holders Following the 2019 Cyberattack New Zealand-based cryptocurrency exchange, Cryptopia, has recently announced its plans to begin returning cryptocurrencies to its account holders. This decision comes after the exchange experienced a significant setback in 2019, when it was targeted by cybercriminals, resulting in losses worth $15.5 million….
U.S. unemployment rate climbs to 3.9% in February
Unemployment Rate Surprises Market with Slight Increase, But Job Creation Exceeds Expectations February brought unexpected news to the U.S. labor market, leaving some economists reeling and others celebrating. Although many experts predicted a steady unemployment rate of 3.7%, the Bureau of Labor Statistics reported that the unemployment rate had inched up to 3.9%. However, it’s…
South Korean victims push for Do Kwon’s US trial
In a recent turn of events, a considerable number of South Korean investors who have been negatively impacted by the terra-Luna debacle have voiced their preference for the extradition of Terraform Labs co-founder Do Kwon to the United States instead of South Korea. This decision comes in response to a Montenegro high court order that…
Shiba Inu team prepares for major SHIB token burn
The Shiba Inu (shib) ecosystem, known for its vibrant community, has recently announced plans for a substantial token burn event in the near future. This exciting news was shared by Shiba Inu’s marketing expert, Lucie, through a post on Website social media integration platforms. The team has reportedly accumulated 40 ethereum (eth) specifically for the…