African News
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…
Coinbase’s talent acquisition approach lauded by Solana founder
Anatoly Yakovenko, the Co-founder of solana, Praises Brian Armstrong and Coinbase’s Innovative Hiring Policy In a recent Website social media integration post, Anatoly Yakovenko, the co-founder of solana, acknowledged and praised Brian Armstrong, the CEO of Coinbase, for his groundbreaking approach to recruitment practices. Yakovenko’s endorsement comes following Coinbase’s implementation of a new policy that…
BlackRock plans to add Bitcoin ETFs to global allocation fund
BlackRock, the Largest Asset Manager Worldwide, Introduces bitcoin ETFs into Its Global Allocation Fund BlackRock, the world’s largest asset manager, has announced its plans to incorporate spot bitcoin exchange-traded funds (ETFs) into its Global Allocation Fund (MALOX), as stated in a March 7 update to the United States Securities and Exchange Commission (SEC) filing. This…
So what chances are there left for Nigeria to get into BRICS?
Nigeria’s Persistent Ambition to Join BRICS: A Look into the African Giant’s Bid Despite an initial rejection, Nigeria’s aspirations to join the BRICS (Brazil, Russia, India, China, and South Africa) club have not waned. In fact, the West African country remains steadfast in its pursuit to become a part of this influential bloc as soon…
Sony set to integrate NFTs into its ecosystem with new filing
Sony, a global leader in both the electronics and gaming industries (known for its innovative products and services), has taken a significant step towards integrating non-fungible tokens (NFTs) into its gaming ecosystem with a recent patent filing. The patent application, submitted on February 29, presents an intriguing new system called the “super-fungible token” (SFT). This…
Bitfinex heist movie directors cast Chloë Grace Moretz as Razzlekhan
Chloë Grace Moretz Joins Star-Studded Cast for Upcoming “Dutch & Razzlekhan” Bitfinex Movie The upcoming film titled “Dutch & Razzlekhan,” based on the true story of Heather ‘Razzlekhan’ Morgan and her partner Ilya ‘Dutch’ Lichtenstein’s criminal activities, is making headlines with its latest casting announcement. According to reports from Deadline, Chloë Grace Moretz will join…
Mark Cuban makes surprising Bitcoin predictions
In a recent interview with CNBC, billionaire investor Mark Cuban, who is known for his role on the television show “Shark Tank” and as a minority owner of the NBA team Dallas Mavericks, shared his insights into the world of cryptocurrency, particularly bitcoin and ethereum (eth). Cuban, who has been vocal about his investments in…
Mexico is making sure it joins BRICS this year – But is it for the right reasons?
Mexico’s BRICS Ambition Amidst Economic Uncertainties and Geopolitical Tensions with the US Last week, a bombshell revelation was dropped by Mzuvukile Geoff Maqetuka, South Africa’s envoy to Russia. According to Eurasia Network reports, 25 countries, including Mexico, are keen on joining the BRICS club. This announcement isn’t just idle chatter; it carries significant weight amidst…
Why is Wall Street on such a high today?
A Banner Day on Wall Street: Tech Stocks Soar Amid Rate Cut Anticipation Wall Street experienced a thrilling day of trading on Thursday, March 7, with the S&P 500 and Nasdaq composite registering significant gains. This bullish trend was primarily fueled by tech and growth stocks, which saw a surge in value due to the…