African News
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…
Berkshire Hathaway sparks yet another rumor of secret stock purchase
Title: Berkshire Hathaway’s Stealthy Financial Investments: A New Venture on the Horizon Amidst Cautious Market Conditions Warren Buffett’s conglomerate, Berkshire Hathaway, has been making headlines for its clandestine stock acquisitions in the financial sector. Over the past two quarters, the company has requested regulatory approval to keep these purchases under wraps, fueling speculation that Berkshire…
Nigeria’s central bank is convinced the President’s economic policies are working
Revitalizing Nigeria’s Economy: Central Bank’s Bold Moves and President Tinubu’s Policies Nigeria’s economic landscape is witnessing a renewed vigor, as evidenced by the Central Bank of Nigeria (CBN) and President Bola Tinubu’s innovative financial strategies. In this article, we delve deeper into these initiatives and their significant implications for Nigeria. Bond Auctions: A Global Investment…
Powell is in a bit of a dilemma over cutting interest rates
Jerome Powell: Steering the Federal Reserve Amidst Political Turmoil and Economic Uncertainties The role of Jerome Powell, the current Chair of the Federal Reserve (Fed), has placed him right at the epicenter of an intense political performance. With the weighty influence of an election year pressing down, the Democratic Party is advocating for interest rate…
Michael Saylor foresees a decade of Bitcoin boom with AI’s help
During a thought-provoking panel at the bitcoin Atlantis conference on March 1, 2023, MicroStrategy’s co-founder and executive chairman, Michael Saylor, expressed his optimistic views on the potential role of spot bitcoin exchange-traded funds (ETFs) and autonomous artificial intelligence (ai) in driving a substantial wave of institutional adoption for bitcoin. Saylor’s insights indicate that these developments…
BlackRock’s Ethereum Trust ETF faces another delay from SEC
The Securities and Exchange Commission (SEC) has once again delayed its decision on the proposed Ether Exchange-Traded Fund (ETF) application submitted by BlackRock, signaling another postponement in the evolving world of cryptocurrency ETFs. This latest development follows a similar action taken by the SEC in January when it postponed BlackRock’s application, following the approval of…
Tether overcomes scrutiny to secure $100 billion valuation
The Stablecoin Market: tether’s usdt Surpasses $100 Billion Market Capitalization In a significant milestone for the crypto market, tether’s usdt stablecoin briefly surpassed a market capitalization of $100 billion as reported by CoinGecko. This achievement highlights the growing importance of stablecoins within the digital asset space, especially against the backdrop of a broader crypto market…
Solana DEXs achieve record $11B trading milestone: Details
solana-Based Decentralized Exchanges (DEXs) Set New Records with Over $11.19 Billion in Trading Volume The past week has been nothing short of remarkable for solana-based decentralized exchanges (DEXs), with trading volumes reaching unprecedented heights and surpassing previous records. According to data from DeFi Llama, a total of $11.19 billion worth of digital asset trades were…
Bitcoin and Gold Surge as Investors Anticipate Interest Rate Cuts
bitcoin, the world’s largest cryptocurrency by market capitalization, has reached new heights, soaring to a peak of bitcoin/” rel=”nofollow noopener” target=”_blank”>$67,584, surpassing its previous highest level in over two years. This impressive rise has sparked excitement among investors, with many anticipating that bitcoin is on the cusp of breaking through its all-time high of bitcoin–price-forecast/”…