African News
Binance Faces Scrutiny Over Threats to Nigeria’s Economic Stability
The Presidential Spokesperson’s Warning: The Economic Risks of Binance’s Influence During an interview on the Politics Today program on Channels Television on February 28, 2024, Bayo Onanuga, the Special Adviser to President Tinubu on Information & Strategy, expressed deep concerns about Binance, a leading cryptocurrency trading platform, and its potential impact on Nigeria’s economy. He…
Russia dabbles in digital assets pre-BRICS currency launch
Russia’s Digital Finance Leap: The Game-Changing BRICS Currency Scheme Russia, as part of the BRICS (Brazil, Russia, India, China, and South Africa) alliance, has taken a strategic step towards digital finance with the intention of creating a new global economic paradigm. This initiative goes beyond the realm of buying vodka contact with bitcoin and represents…
Dogecoin Reaches Its Highest Price Since 2022 in Bitcoin Rally
dogecoin (DOGE), the popular meme-inspired cryptocurrency, has experienced an impressive surge in value, recording a significant gain of over 20% within the past 24 hours. With a current trading price of $0.11, dogecoin currently stands out as the top performer among major digital assets in terms of percentage gains. This increase brought the cryptocurrency close…
Hong Kong sets global benchmark in virtual asset regulation
Hong Kong’s Financial Secretary, Mr. Chan Mo-po, announced the launch of a “regulatory sandbox” for stablecoin issuers as part of the city’s 2024 budget. This groundbreaking initiative represents a significant milestone in Hong Kong’s approach to cryptocurrency regulation, offering a controlled environment for testing the issuance processes, business models, investor protection mechanisms, and risk management…
Donald Trump’s Ethereum Holdings Surge as TRUMP Meme Coin Skyrockets
The cryptocurrency holdings of former President Donald J. Trump have seen a significant increase, according to recent data from blockchain analytics firm Arkham Intelligence. The surge in Trump’s crypto assets is largely due to the meteoric rise of the MAGA (TRUMP) meme coin, which has propelled his ethereum wallet’s balance to approximately $6.4 million. Approximately…
Bitcoin Ordinals on the rise amid the upcoming halving event
The revival of bitcoin Ordinals, a groundbreaking innovation that allows NFT-like inscriptions on individual satoshis within the bitcoin blockchain, has sparked significant interest among the cryptocurrency community as bitcoin experiences a remarkable surge in value. According to recent data from CryptoSlam, sales on major Ordinals marketplaces have seen a substantial increase, with transactions surpassing $19.7…
Anthony Scaramucci counters James Dimon’s opinion on Bitcoin
Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, has responded to JP Morgan CEO James Dimon’s cautious remarks regarding bitcoin. During a keynote speech at the annual Global High Yield & Leveraged Finance Conference in Miami, Dimon expressed concerns over long-term market influences such as quantitative tightening (QT), fiscal spending deficits, and geopolitical…
Luxury brands tipped to embrace blockchain technology
Amidst the historic charm of Paris and the iconic presence of the Eiffel Tower, an esteemed gathering brought together trailblazers from the realms of fashion, automotive, watches, and spirits. This exclusive assembly in the City of Light marked a pivotal moment for the luxury industry as it took its initial steps into the world of…
Peruvian stock exchange announces spot Bitcoin ETF listings
The Lima Stock Exchange (BVL), a critical player in Peru’s financial arena, has made an impressive advancement by announcing the addition of three bitcoin spot exchange-traded fund (ETF) instruments to its trading platform. This strategic decision extends investment opportunities for traditional investors in Peru and signifies a burgeoning acceptance of digital assets within the conventional…
Biden cries out: Government shutdown will cause U.S. economy to crash
Title: The Looming Government Shutdown Crisis: A Battle Over Funding for Ukraine, Israel, and the US-Mexico Border The clock is ticking as President Joe Biden and Congressional leaders engage in a high-stakes keyboards of political brinkmanship to prevent a government shutdown. With deadlines looming, they are trying to push through spending bills to keep the…
Europe faces economic security risks from places that will truly shock you
Europe at a Crossroads: Preparing for Unforeseen Economic Security Threats The contact continent is facing unprecedented economic Website security challenges that were once unimaginable. Europe’s days of luxury and prosperity through open markets and borders are long gone, as the very markets fueling its growth have now transformed into potential battlegrounds. With economic tools increasingly…
Bitfinex Hacker testifies in trial, reveals laundering tactics
In an intriguing turn of events in the ongoing investigation into cryptocurrency-related crimes, Ilya Lichtenstein, the notorious hacker responsible for the 2016 theft from the Bitfinex exchange, has agreed to testify as a key government witness in a jury trial. The trial centers around Roman Sterlingov, who is accused of being the operator of the…
G20 bullish on global economy: But why should it even matter?
The Global Economy: A Graceful Recovery or a Looming Crisis? The Optimistic Outlook from the G20 The recent meeting of the G20 finance ministers and central bank governors in Brazil has brought about a wave of optimism regarding the global economy’s potential to recover gracefully rather than face another economic downturn. According to leaked details…
Kraken streamlines crypto services for institutional investors
Kraken’s New Institutional Platform: A Game Changer in Crypto for Institutional Clients Kraken, a prominent global cryptocurrency exchange, has recently introduced a new platform specifically designed for institutional clients. This development represents Kraken’s strategic initiative to consolidate its existing offerings into a unified suite for institutional investors, including spot exchange, derivatives trading, qualified custody, and…
IRS boosts crypto expertise with Binance.US ex-exec hire
The United States Internal Revenue Service (IRS), the country’s tax authority, has made two significant appointments from the cryptocurrency industry to strengthen its expertise as it gears up for the upcoming tax season. These new hires include Sulolit “Raj” Mukherjee and Seth Wilks, who will serve as advisers to the IRS. Raj previously held the…
Sam Bankman-Fried aims for reduced sentence amid fraud conviction
A Plea for Leniency: Sam Bankman-Fried’s Defense in the High-Profile Crypto Fraud Case In a notable turn of events in the contentious case of Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, his legal team has submitted a plea for leniency to the US District Court. Marc Mukasey, Bankman-Fried’s attorney, presented their case…
White House Highlights Bitcoin Mining’s Strain on Power Grid
The alarming strain that bitcoin mining places on the national power grid has been raised by the White House, prompted by concerns regarding its environmental impact as demand for the cryptocurrency continues to surge. With more individuals engaging in bitcoin mining to increase its value, the significant energy consumption required for this process has come…
IMF identifies digital currencies as key to financial inclusion in Pacific Island countries
The International Monetary Fund (IMF) has published a thorough analysis on the potential benefits and risks of digital currencies for Pacific Island countries (PICs). These nations encounter unique monetary challenges due to geographical isolation, small and diverse markets, and specific economic vulnerabilities. In a detailed report, the IMF highlighted how carefully designed digital currencies could…
Coinbase launches new feature for recovering assets sent to BNB Chain and Polygon
Coinbase, one of the most prominent cryptocurrency exchanges in the industry, has rolled out an innovative feature designed to help users recover assets that have been mistakenly sent to Coinbase’s unsupported blockchains, such as Binance Smart Chain (BSC) and polygon. This groundbreaking development, announced on February 27, 2023, enables users to reclaim their lost assets…
BlackRock Bitcoin ETF Surpasses $1 Billion in Trading Volume for Second Consecutive Day
Title: Institutional Investment Surges in the Cryptocurrency Market: BlackRock’s iShares bitcoin Trust (IBIT) Sets New Milestones with Record-Breaking Trading Volumes The cryptocurrency market has been abuzz with excitement as BlackRock’s iShares bitcoin Trust (IBIT) continues to capture the limelight, reporting remarkable daily trading volumes surpassing $1 billion for the second consecutive day. This significant accomplishment…