African News
Commissioners Peirce and Uyeda criticize SEC’s approach to crypto after ShapeShift case
SEC’s Enforcement Action Against ShapeShift: A Continuation of the Regulatory Ambiguity in the Cryptocurrency Industry The Securities and Exchange Commission (SEC) has taken a significant step by initiating an enforcement action against the cryptocurrency firm ShapeShift. The SEC alleges that ShapeShift operated as an unregistered securities dealer, and this move is in line with the…
New York Community Bank’s stock stops trading, bank seeks funding
Title: New York Community Bank’s Dramatic 42% Stock Crash and the $1 Billion Lifeline from Investors Yesterday marked a pivotal moment for New York Community Bank (NYCB) as its stock suffered a significant blow, losing 42% of its value, resulting in a trading halt. Sources close to the matter revealed that this New York-based financial…
Why was Sam Altman’s Worldcoin banned in Spain?
Spain Imposes Ban on worldcoin’s Unique Data Collection Method: The Orb worldcoin, the cryptocurrency project co-founded by Sam Altman, Max Novendstern, and Alex Blania in 2019, has encountered a significant hurdle with Spain’s data protection watchdog, AEPD. The regulator demanded an immediate halt to the collection and utilization of personal data gathered through worldcoin’s distinctive…
Fed’s Jerome Powell addresses Congress, hints at policy adjustment
Jerome Powell’s Semiannual Monetary Policy Report: A Peek into the Federal Reserve’s Economic Strategy Jerome Powell, the esteemed Chair of the Federal Reserve, recently graced Congress with his presence to present the central bank’s Semiannual Monetary Policy Report. Powell, a man of few but meaningful words, shared some intriguing insights into the Federal Reserve’s economic…
China signals potential reserve requirement cut for banks
China’s Central Bank Hints at Monetary Easing Amid Economic Uncertainties: A Glimmer of Hope or Just a Flicker? Amidst the economic roller coaster ride that China’s economy has been on, recent statements from the country’s financial leaders have brought a glimmer of hope to the table. The People’s Bank of China (PBOC) Governor, Pan Gongsheng,…
MicroStrategy boosts convertible note sale to $700M amid crypto boom
MicroStrategy’s Ambitious Plan to Capitalize on the Cryptocurrency Bull Market: Increasing Convertible Notes Sale from $600 Million to $700 Million MicroStrategy, a leading business intelligence company, has recently announced its intention to expand the sale of convertible notes from an initial $600 million to $700 million. The motivation behind this decision is to take full…
Fake-steady U.S. economy deters interest rate cuts – What to expect
Revised Economic Forecasts and the Federal Reserve: Navigating a Brighter Path for the U.S. Economy The financial news landscape is currently dominated by the Federal Reserve and the resilience of the U.S. economy, sparking a wave of revised economic forecasts and reshaping expectations for interest rate policies in the near future. Following recent strong economic…
UK regulation to accommodate stablecoins and CBDCs
The United Kingdom’s Proactive Approach to Crypto Regulation: Embracing Innovation and Ensuring Financial Stability The cryptocurrency market, stablecoins, and central bank digital currencies (CBDCs) are experiencing exponential growth, and the United Kingdom is making significant strides towards establishing a comprehensive regulatory framework to accommodate these innovative financial instruments. Varun Paul, who previously served at the…
Arizona Senate pushes for Bitcoin ETF inclusion in state retirement funds
The Arizona State Senate has taken a significant step towards evaluating the potential integration of bitcoin Exchange-Traded Funds (ETFs) into the retirement funds managed by the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). The resolution, which passed with a 16-13 vote, was introduced by Republican State Senator Wendy Rogers…
Ethereum hits $3,800 for the first time since December 2021
ethereum’s Recent Price Surge and the Anticipated Dencun Upgrade: A New Milestone for ethereum The cryptocurrency market has witnessed a remarkable surge in the value of ethereum (eth), with the digital asset breaking past the $3,800 mark for the first time since late 2021. At the current moment, ethereum is trading at an impressive $3,796.53,…
Cryptocurrency hackers net $360 million in February
February 2023: A Record-Breaking Month for Cryptocurrency Hacks The cryptocurrency market faced a tumultuous beginning to the year as hackers successfully executed 21 attacks, resulting in staggering losses totaling over $360 million. This represents a near-doubling of the amount stolen in the preceding month of January. Playdapp’s Devastating Breach: $290 Million Losses Among the most…
Solana memecoin Dogwifhat experiences a 48% surge
A Remarkable Surge for solana’s Memetic token, Dogwifhat (WIF): Over $2 Billion Market Capitalization In the dynamic world of cryptocurrency, a memorable event has taken place as solana’s meme coin, Dogwifhat (WIF), has witnessed an impressive 48% surge over the past 24 hours. This growth propelled the trading value of Dogwifhat above $2.11 early on…
Singapore welcomes Bitstamp into its regulated crypto sphere
bitcoin-etf-approval/” target=”_blank” rel=”noopener”>Bitstamp, a prominent name in the crypto trading world, has recently announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution within the city-state. This significant milestone represents a pivotal step towards Bitstamp’s objective of providing digital payment token services in Singapore…
John Deaton launches senate bid with crypto community support
John Deaton, a Prominent Figure in the Cryptocurrency Community, Announces His Candidacy for the US Senate Seat: A New Era of Political Engagement with Digital Assets John Deaton, a well-known advocate for xrp and an influential voice in the cryptocurrency sphere, has recently declared his intention to run for the US Senate seat currently held…
Grayscale debuts active crypto-staking income fund
crypto-staking/” target=”_blank” rel=”noopener”>Grayscale, a prominent digital asset management firm, recently unveiled its latest offering: the Grayscale Dynamic Income Fund (GDIF). This groundbreaking fund represents an innovative approach to crypto investing, enabling investors to tap into the potential of cryptocurrency staking. The earnings generated from this activity are planned to be distributed back to investors quarterly…
U.S. stocks dip while Bitcoin and gold make all-time highs
Title: Stock Markets Endure Rough Day as Economy Slows Down: Tech Sector Takes a Hit; bitcoin and Gold Shine Yesterday’s trading session on Wall Street proved to be challenging as major stock indexes took a tumble. The tech-heavy Nasdaq was hit hardest, with a decline of over 2%. Tom Hainlin from U.S. Bank Wealth Management…
Bitcoin Ordinals continue to garner attention in the NFT space
The recent surge in demand for Non-Fungible Tokens (NFTs), with a particular focus on bitcoin Ordinals, has significantly impacted the NFT marketplace landscape. Magic Eden, a leading NFT platform, has emerged as a prominent player in this dynamic environment, attributable to its strategic support for bitcoin Ordinals. The Role of bitcoin Ordinals in the NFT…
Shiba Inu surges 52%: Whale moves $41 million SHIB
The Remarkable Price Surge of Shiba Inu (shib) and a Gargantuan Transaction: Shiba Inu (shib), the popular digital asset, has witnessed an extraordinary price surge, with a notable transaction involving a mysterious entity adding fuel to the hype. According to on-chain data, a previously unknown account has transferred an astounding 1.25 trillion shib, equivalent to…
Bitcoin ETFs on the horizon for South Korea as BTC nears peak
South Korea’s Presidential Office Urges Evaluation of Allowing Spot bitcoin (btc) Exchange-Traded Funds (ETFs) The Office of the President of South Korea has recently urged the country’s financial watchdog, the Financial Services Commission (FSC), to evaluate the prospect of allowing spot bitcoin Exchange-Traded Funds (ETFs) for trading within the nation. This call for reconsideration comes…
Terraform Labs defends legal spending against SEC claims
Terraform Labs and its founder, Do Kwon, are currently locked in a legal performance with the United States Securities and Exchange Commission (SEC) over the collapse of terra in May 2022. The SEC has filed a lawsuit against Terraform Labs, accusing the company of misappropriating funds that were meant for legal defenses. The regulator argues…