African News
Robinhood collaborates with Notable.art for exclusive NFT giveaway: Details
Robinhood’s Exclusive NFT Giveaway in Partnership with Notable.art: A Unique Opportunity to Acquire Digital Sketches by Renowned American Artist Hunt Slonem Robinhood, the popular brokerage platform, has recently announced an exclusive non-fungible token (NFT) giveaway in collaboration with Notable.art, a leading digital art marketplace. This groundbreaking initiative offers Robinhood Wallet users an exceptional opportunity to…
BRICS nations stop taking US dollar loans: So what now?
BRICS Countries Consider Ditching the US Dollar for Chinese Yuan in Loans: A Game-Changer for Global Finances The economic powerhouses of BRICS – Russia and China – are seriously contemplating a significant shift in the global financial landscape by considering the Chinese Yuan as an alternative to the US Dollar for loans within the BRICS…
Spain’s financial regulator warns against unlicensed exchanges
Spain’s Financial Regulator Issues Warning to Investors about Unlicensed Crypto Companies Background: CNMV Lists 18 Unauthorized Companies, Some in the Crypto Sector The National Securities Market Commission (CNMV) of Spain has published a list of 18 companies that are operating within the country without the necessary licenses. Among these entities, several companies operating in the…
MicroStrategy’s Bitcoin stash hits $10 billion amidst new purchases
MicroStrategy’s Unwavering Commitment to bitcoin: A New 3,000 btc Addition Under the steadfast leadership of its unwavering bitcoin maximalist executives, MicroStrategy has once again demonstrated its unyielding dedication to the premier cryptocurrency by acquiring an additional 3,000 bitcoin for approximately $155.4 million in cash over the past ten days. According to a recent U.S. Securities…
LockBit promises vengeance as it restores its operations
Following a large-scale international law enforcement operation, the Russia-based LockBit ransomware gang has made a comeback on the dark web, showcasing their tenacity and adaptability in the face of recent disruptions. This operation, named “Operation Cronos,” resulted in the seizure of 34 servers spread across Europe, the U.K., and the United States. Additionally, two suspected…
Bitwise analyst sees equal odds for Ethereum ETF approval
In a recent conversation with Yahoo Finance, Ryan Rasmussen, a researcher at Bitwise, provided insights into the evolving landscape of cryptocurrency Exchange-Traded Funds (ETFs), with a specific focus on the prospects of spot ethereum ETFs receiving approval from the U.S. Securities and Exchange Commission (SEC). This discussion holds significant importance as the financial industry eagerly…
Vitalik Buterin suggests Linux as fix for Musk’s windows woes
Vitalik Buterin Recommends Linux as a Solution to Elon Musk’s Windows OS Frustrations: A Growing Discussion on Open-Source Software The ongoing dialogue between influential figures, ethereum co-founder Vitalik Buterin and Elon Musk, has brought the viability of open-source software as a mainstream alternative to proprietary operating systems to the forefront of public discourse. The conversation…
Bitcoin trades around $57K for the first time since the crypto winter
bitcoin Surges Past $57,000: A Significant Milestone in the Crypto Market The cryptocurrency market has experienced a surge in recent days, with bitcoin (btc) reaching a new milestone by breaking through the $57,000 price level for the first time since late 2021. This significant increase in bitcoin’s value comes amidst renewed interest and investor confidence…
Chinese ministry uncovers fake Digital Yuan App – Here’s what you need to know
Title: The Surge of Fake Digital Yuan Apps: A Grave Threat to China’s Central Bank Digital Currency Ecosystem Amidst the burgeoning landscape of digital currencies, the Chinese Ministry of Industry and Information Technology (MIIT) has issued a stern warning against the rampant proliferation of counterfeit digital yuan applications. These fraudulent platforms, camouflaged as bona fide…
Bitcoin funding rates soar to 100% – Traders poised for big gains
bitcoin Funding Rates: Unprecedented Surge to 100% and the Opportunities for Arbitrage and Strategic Trading The funding rates in bitcoin derivative markets have recently witnessed an unprecedented surge, reaching 100% on platforms such as Binance. This significant spike presents a valuable opportunity for experienced traders to capitalize on arbitrage and strategic trading strategies, given the…
OKX boosts international presence with Turkey office opening
OKX Expands Its Horizons: Launching in Turkey Amidst Global Growth On Tuesday, the world’s leading cryptocurrency exchange by trading volume, OKX, officially commenced operations in Turkey as part of its broader international growth plans. This strategic expansion into the Turkish market signifies a significant commitment from OKX to cater to the dynamic and promising crypto…
Stablecoins market cap hits $142B, Highest Since the 2022 crypto winter
Stablecoins: The Stalwarts of the Crypto Market Amidst Volatility, Surpassing $142 Billion in Market Cap Stablecoins have been making waves in the crypto ecosystem, witnessing an impressive surge as they recently hit an all-time high of $142 billion in market capitalization. This significant milestone can be attributed to several key developments, with the resurgence of…
Ted Cruz picks a new fight with Federal Reserve over CBDC
US Senators Take a Stand Against Federal Reserve’s Central Bank Digital Currency (CBDC): A new wave of opposition is brewing in the US political landscape as a bipartisan group of Senators, led by Texas Senator Ted Cruz and several Republican colleagues, are gearing up to challenge the Federal Reserve’s potential issuance of a Central Bank…
The ECB’s problems just keep on piling – Do they have a real plan?
Title: ECB’s Challenging Road Ahead: Balancing Inflation and Economic Uncertainties with Lagarde and Stournaras at the Helm The contact Central Bank (ECB) is currently grappling with a complex web of economic issues, as highlighted by Governor Yannis Stournaras of the Bank of Greece. While the American Federal Reserve (Fed) may be dealing with a relatively…
Will Europe ever be able to match US’s growth momentum?
Visualize this: The global economy is making an arduous attempt to recover from the economic malaise inflicted by the pandemic. Amidst this challenging landscape, the United States, with a spring in its step and a sense of unspoken advantage, continues to forge ahead. In contrast, Europe and other advanced economies seem to be wrestling with…
Nigeria’s economic woes might never end: Was the fuel subsidy removal worth it?
Nigeria’s Monumental Shift: From Fuel Subsidies to Market Dynamics The global spotlight has been shining bright on Nigeria, but unfortunately, not for reasons that would inspire a dance. After decades of enjoying some of the lowest petrol prices in the world due to substantial fuel subsidies, my beloved country decided to take a drastic step….
CBDC Plan Encounters Firm GOP Senatorial Resistance
The Central Bank Digital Currency (CBDC) debate has taken center stage in the political arena, with a coalition of Senate Republicans led by Sen. Ted Cruz taking a firm stance against the expansive powers of the Federal Reserve in its potential launch of a digital currency. This issue is of paramount importance as it sets…
Bitcoin Forms Megaphone Pattern, Potential Rally Towards $60,000
bitcoin (btc), the pioneering cryptocurrency, presents a captivating narrative on its daily chart with potential for a significant surge towards the coveted $60,000 milestone. This bullish outlook stems from a technical formation known as a megaphone pattern, identified by esteemed crypto analyst Ali Martinez. The megaphone pattern, a renowned chart pattern in the financial markets,…
OANDA expands its crypto trading services to the United Kingdom
In an exciting development for the crypto industry, OANDA, a prominent US-based cryptocurrency brokerage firm, has announced its entry into the United Kingdom market. The expansion comes through OANDA Crypto, the firm’s newly launched subsidiary, following its acquisition of a majority stake in Coinpass – an FCA-registered company, which paved the way for this development…
Blockchain game Shrapnel cautions its users against manipulation
Shrapnel: Eliminating Unfair Advantage in its Innovative Blockchain-Based Extraction Shooter Game Addressing Unfair Advantage: A Crucial Step Towards Fair Play in Shrapnel Shrapnel, the groundbreaking blockchain-based extraction shooter keyboards, has taken significant strides to ensure a level playing field for all its players. The platform recently identified instances of unscrupulous users employing illegal tactics like…