African News
Robert F. Kennedy hails Bitcoin as the key to financial freedom
In a thought-provoking and enlightening conversation with CNBC, Robert F. Kennedy Jr., a renowned member of the prestigious Kennedy political family, delved into the pivotal role of bitcoin within the global financial landscape. The presidential hopeful articulated bitcoin’s transformative potential as a safeguard against centralized financial control in an eloquent and compelling manner. Robert F….
Federal Reserve’s interest rate cuts on standby for data-driven triggers
Title: The Federal Reserve’s Delicate Dance: Navigating Inflation and Interest Rates The robust pulse of the American economy continues to beat steadily, but whispers of potential interest rate cuts from the Federal Reserve have started to circulate. However, it’s essential not to hold our breath for an imminent reduction just yet. The esteemed members of…
ECB still at war with inflation – Can it actually beat it though?
Title: The ECB’s Challenge: Taming Inflation – A Thrilling yet Elusive Victory The contact Central Bank (ECB) stands at the precipice of a formidable challenge, as inflation rates continue to pose an enigma that refuses to be solved. This economic conundrum has unfolded much like a suspense thriller, with the ECB acting as the determined…
Elon Musk’s Lawyers Request $6 Billion in Tesla Shares as Legal Fees
Background: Elon Musk, the trailblazing entrepreneur and CEO of Tesla Inc. and SpaceX, is currently involved in multiple legal disputes that go beyond the highly publicized lawsuit over his extravagant $55.8 billion compensation package. One significant case relates to OpenAI, a company Musk co-founded, and its perceived shift from its altruistic mission towards profit-oriented objectives….
Nvidia becomes third-largest company in the world
Title: Nvidia’s Metoric Rise to the Third Largest Company by Market Cap: A Game Changer in the ai Technology Sector Nvidia, once a modest player in the tech industry, has defied all expectations and surpassed even the mighty Saudi Aramco to claim the title of the world’s third-largest company by market cap, with an impressive…
Uniswap L2 Transaction Volume Surpasses $200 Billion Milestone
Title: uniswap’s Layer-2 Ecosystem Surpasses $200 Billion in Transaction Volume: A Game Changer in Decentralized Finance The decentralized finance (DeFi) sector has witnessed a significant milestone with uniswap’s Layer-2 (L2) protocol reaching an all-time high (ATH) of $208.11 billion in transaction volume during February 2024. This achievement, revealed by leading crypto analytics platform Dune, underscores…
Indonesia set to review its cryptocurrency taxation policies
Indonesia’s Cryptocurrency Taxation Policies Undergo Comprehensive Evaluation The Indonesian government is currently undergoing an in-depth assessment of its cryptocurrency taxation policies following a request from the Commodity Futures Trading Regulatory Agency (Bappebti) for the Ministry of Finance to reconsider the existing tax structures applied to crypto transactions. This call for reassessment highlights the growing recognition…
Crypto Council comments on Hong Kong’s stablecoin regulation
The Crypto Council for Innovation’s Detailed Response to Hong Kong’s Stablecoin Proposal The Crypto Council for Innovation (CCI), a leading cryptocurrency industry group, recently submitted an extensive commentary in response to the proposed regulatory framework for stablecoins put forth by the Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau (FSTB). The…
SEC’s Hester Peirce criticizes ‘strange’ crypto regulatory approach
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has been a vocal critic of her agency’s regulatory practices, expressing concerns particularly about the SEC’s preference for enforcement actions over establishing clear regulatory frameworks. Peirce’s grievances have intensified around the subject of bitcoin Exchange-Traded Products (ETFs), with her recent comments at eth Denver reiterating her…
Bitcoin mining firms struggles continue after Bitcoin ETF approval
Over the past few months, the launch of the highly anticipated bitcoin Exchange-Traded Fund (ETF) in January has set ablaze a renewed fervor within the cryptocurrency community, with the price of bitcoin (btc) experiencing a significant surge that has left investors worldwide elated. However, despite this impressive uptick in value for bitcoin, not all sectors…
Peter Schiff calls for balanced coverage between Gold and Bitcoin
Peter Schiff’s Critique of CNBC: Overlooking Gold Market Developments In a recent comment, Peter Schiff, a well-known critic of cryptocurrencies, accused CNBC of focusing disproportionately on bitcoin and its newly introduced exchange-traded funds (ETFs) while neglecting significant developments in the gold market. Schiff’s remarks came after CNBC failed to adequately cover a substantial $43 increase…
Ripple’s CTO calls for consensus on XRPL update before deadline
The xrp Ledger (XRPL) community, spearheaded by ripple’s Chief Technology Officer, David Schwartz, has issued a call-to-action for validators and node operators to upgrade to the latest version 2.1.0 of the xrp Ledger’s reference server software, rippled. This significant update encompasses a multitude of modifications, bug fixes, and build improvements to enhance the Website security,…
Ripple enhances XRP stability, locks 800 million
As reported by the data analytics platform Whale Alert, ripple, the well-known payments firm in the cryptocurrency sector, has recently taken steps to secure a substantial amount of xrp tokens worth approximately 800 million in their escrow accounts as of March 1, 2023. This move comes after the company had only unlocked 500 million xrp…
MicroStrategy CEO Michael Saylor rakes in $1.2 Billion profits amid Bitcoin surge – Here’s how!
Michael Saylor’s $1.2 Billion bitcoin Triumph: MicroStrategy CEO Michael Saylor has been the talk of the crypto town after making a colossal investment in bitcoin, amassing an impressive $1.2 billion fortune in just three days following the digital currency’s price surge. Saylor’s strategic move has propelled MicroStrategy into one of the leading public companies in…
Bitcoin’s record high of $69,000 is just the beginning – Experts say $200K is imminent
bitcoin, the pioneering cryptocurrency, continues to make waves in the financial world as it marches closer to its all-time high of $69,044. This digital asset, renowned for its volatile nature, is currently hovering just a few thousand dollars below this significant milestone. The anticipation among investors and experts alike is palpable as they look forward…
Wall Street’s role in fueling Bitcoin’s wild rally – You’re totally missing out
Wall Street’s Involvement in bitcoin: A Game-Changer for the Crypto Market The recent surge in value of bitcoin has been fueled, in large part, by Wall Street’s increasing involvement in the crypto market. Institutional investors have been pouring substantial amounts of capital into bitcoin as a result of the launch of bitcoin exchange-traded funds (ETFs),…
Crypto-Backed Pac splashes $10M to Influence California Senate elections
A Political Action Committee (PAC) Backed by the Crypto Industry: Fairshake, invests $10 Million in California Senate Elections Fairshake PAC’s $10 Million Investment Against Katie Porter in California Senate Race A Political Action Committee (PAC) named Fairshake, backed by the crypto industry, has invested an impressive $10 million in advertising campaigns targeting Katie Porter’s bid…
Over 53 billion LUNC tokens burned by Binance to aid market stability
Binance, the globally recognized leader in cryptocurrency trading, has recently accomplished the 19th round of terra’s Luna Classic (LUNC) token burn mechanism on its platform. This event involved the elimination of approximately 2.21 billion LUNC tokens from circulation, bringing the grand total of LUNC tokens burned by Binance to an impressive figure of over 53…
Dave Ramsey’s crypto caution – Should you listen? Experts debate
Financial Guru Dave Ramsey Expresses Caution Against Cryptocurrencies Dave Ramsey, the esteemed financial expert and CEO of Ramsey Solutions, has raised red flags about cryptocurrencies, asserting that they constitute a risky investment. Ramsey’s skepticism highlights concerns shared within the financial community regarding the volatility and speculative nature of digital assets. Background and Influence of Dave…
Nigerian government denies $10 billion Binance fine rumor
Recently, there have been rumors circulating regarding a potential $10 billion fine imposed on the global cryptocurrency exchange Binance by the Nigerian government. However, these allegations have been refuted by Bayo Onanuga, the Special Adviser to the Nigerian President on Information and Strategy. In a statement clarifying the situation, Onanuga denied having confirmed any decision…