African News
Here’s why Bitcoin will outshine Gold – Galaxy CEO Mike Novogratz details it out
Title: Mike Novogratz Predicts bitcoin’s Prominence to Outshine Gold: A New Era in Wealth Management bitcoin’s Rise to Prominence: Outshining Gold The digital currency landscape is witnessing a significant shift, with bitcoin (btc) gaining momentum and forecasted to surpass the importance of gold. This prediction comes from none other than Mike Novogratz, the CEO of…
Tornado Cash traffic tanks 93% in the wake of sanctions, Chainalysis data shows
The latest data from Chainalysis has revealed a significant decline in inflows to the decentralized financial platform, Tornado Cash, following the imposition of sanctions. The statistics indicate a staggering 93% decrease in monthly inflows compared to the averages before the sanctions were enforced, underlining the impact of regulatory measures on privacy-focused projects like Tornado Cash….
Robinhood teams up with Arbitrum to revolutionize Web3 wallet swaps
Robinhood and Arbitrum: A Game-Changing Partnership for Enhanced Web3 Wallet Functionality Robinhood, the popular trading platform known for its stock and cryptocurrency brokerage services, has recently announced a collaboration with Arbitrum, an ethereum Layer 2 scaling solution. This strategic partnership aims to optimize swaps on Robinhood’s Web3 Wallet by leveraging Arbitrum’s advanced technology, ultimately enhancing…
Why has the crypto market rejected Bitcoin at $64K?
The recent rejection of bitcoin (btc) at the $64,000 mark has sparked significant discussion within the cryptocurrency market. Despite its impressive upward momentum, several factors may be contributing to this rejection. bitcoin’s meteoric rise since March, which has seen it reach an all-time high of $64,000, has resulted in a highly overbought market. Investors have…
Breaking: Bitwise’s bold prediction for Bitcoin ETFs – Buckle up
Bitwise Expects a Massive Surge in bitcoin ETFs: According to the insights from Bitwise, a leading crypto asset manager, there is a strong likelihood that bitcoin Exchange Traded Funds (ETFs) will experience substantial growth in the upcoming months. Matt Hougan, the Chief Investment Officer at Bitwise, anticipates a surge in demand for spot bitcoin ETFs,…
Sun’s $100M Transfer to Binance Hints at Ethereum Accumulation
Justin Sun, the co-founder of tron, a decentralized application platform, has once again grabbed the attention of the crypto community following significant financial transactions. According to recent data from Lookonchain, Sun transferred a massive 100 million usdt to the popular cryptocurrency exchange Binance. This transfer comes after a series of high-volume transactions from Sun, hinting…
Blast Launches Mainnet, Securing $2.3 Billion in Ether and Stablecoins
Blast: A New Layer 2 Blockchain on ethereum Empowering Users with Passive Asset Growth Blast, a groundbreaking layer 2 blockchain built upon the ethereum network, has recently initiated its mainnet launch with an intriguing feature for users: the potential to earn rewards directly on their Ether and stablecoin holdings. Known as an optimistic rollup, this…
Blast Launches Mainnet, Securing $2.3 Billion in Ether and Stablecoins
Blast: A New Layer 2 Blockchain on ethereum Revolutionizing Asset Growth through Optimistic Rollups Blast, a groundbreaking layer 2 blockchain built on ethereum, has recently initiated its mainnet launch, bringing with it an innovative feature that sets it apart: the opportunity for users to earn rewards directly on their Ether and stablecoin holdings. Known as…
Crypto hacks and rug pulls increase rapidly in Q1 2024
The Surge of Crypto Hacks and Losses in the First Quarter of 2024: A Report by Immunefi The digital terrain of the cryptocurrency market has witnessed a dramatic rise in financial losses due to malicious activities, such as hacks and rug pulls, in the initial quarter of 2024. Immunefi, a renowned blockchain Website security firm,…
Crypto.com partners with BTG Pactual to foster crypto accessibility
Crypto.com Collaborates with BTG Pactual: A Strategic Partnership to Expand Cryptocurrency Services in Latin America Singapore-based cryptocurrency exchange, Crypto.com, has recently announced a significant strategic collaboration with BTG Pactual, Latin America’s largest investment bank. This partnership marks an important milestone as it involves the listing of BTG Dol, BTG Pactual’s Dollar-pegged stablecoin, on Crypto.com’s platform,…
Floki devs announce plans to burn $11 million worth of tokens
Proposed token Burn by Floki (FLOKI) Developers: A Strategic Move to Enhance Scarcity and Bolster Network Security Floki (FLOKI), a dog-themed crypto platform, is under consideration for a significant change: a proposal to burn 2% of its circulating token supply. This move, according to the developers, is intended to increase scarcity and strengthen network Website…
Miners continue to offload Bitcoin as the halving event draws close
The cryptocurrency mining sector is currently experiencing a period of significant change and adaptation as miners navigate various challenges and opportunities. One of the most pressing factors influencing miner behavior is the upcoming bitcoin halving event, scheduled for April 2024. This seminal event reduces the block reward issued to miners by half, from 6.25 btc…
Crypto markets on high FOMO alert – Here’s what’s happening
The cryptocurrency markets are currently experiencing a heightened sense of excitement and apprehension, as investors grapple with the fear of missing out (FOMO) on potential profits. This emotion, commonly referred to as FOMO in crypto circles, can significantly impact market dynamics and lead to increased volatility and speculative trading activity. In this article, we delve…
Crypto analysts forecast Altcoins frenzy – Get ready to diversify
Crypto analysts and experts are currently forecasting an imminent altseason, a period where alternative cryptocurrencies (altcoins) experience significant price surges. This anticipation is fueled by several factors that suggest an altcoin takeover is inevitable, as bitcoin maintains its position above the $62,000 mark. The Inevitability of an Altcoin Takeover As bitcoin continues to surge to…
Nigeria’s Naira plummets to new lows after crypto ban
Title: The Nigerian Naira’s Tumultuous Battle Against the Dollar: A Deep Dive into the Central Bank of Nigeria’s Latest Monetary Policy and Its Impact on Nigeria’s Economy The Nigerian Naira, the country’s currency, has recently encountered a significant challenge in maintaining its value against the US Dollar. Despite the Central Bank of Nigeria (CBN) implementing…
Forget the Bitcoin halving fear – Here’s where BTC is headed
bitcoin halving events have long been a source of anxiety and intrigue within the cryptocurrency community, as they represent pivotal moments in the digital currency’s monetary policy. However, focusing solely on the apprehension surrounding these events can obscure the bigger picture of bitcoin’s (btc) ongoing development and future trajectory. It is essential to move beyond…
Robert Kiyosaki supports Bitcoin amid global financial turbulence
The trailblazing cryptocurrency, bitcoin, has seen an extraordinary surge in value, propelling it above the $62,000 mark. This remarkable market development has elicited commentary from a wide array of investors and analysts, including renowned investor and entrepreneur Robert Kiyosaki. Known for his bestselling book “Rich Dad Poor Dad,” Kiyosaki shared his bullish perspective on bitcoin,…
Shiba Inu’s Shibarium eyes billion user milestone
Title: Shiba Inu Ecosystem’s Optimistic Future: Integrating Zama Encryption and the Rise of Shibarium Kaal Dhairya, a prominent developer within the thriving Shiba Inu ecosystem, has recently expressed his optimism towards the future expansion of the Shiba Inu projects, specifically Shibarium and shib. In a public statement, Dhairya highlighted a recent development that could potentially…
Hong Kong pledges $383M for cyberport AI development boost
The Hong Kong government has made a significant investment of HKD 3 billion (approximately USD 383 million) into its Cyberport business park as part of a three-year artificial intelligence (ai) subsidy scheme. The announcement was made by Paul Chan, Hong Kong’s Financial Secretary, during the 2024 budget declaration on February 28. The initiative is aimed…
Binance Faces Scrutiny Over Threats to Nigeria’s Economic Stability
In a recent appearance on Channels Television’s Politics Today program, Bayo Onanuga, the presidential spokesman, voiced serious concerns over Binance’s influence on Nigeria’s economy through its control over foreign exchange rates. In a bid to shed light on the gravity of the situation, Onanuga emphasized the urgent need for regulatory intervention and advocated for decisive…