African News
Gold hits all-time high as goldbugs resume BTC bashing
Spot Gold has hit a new all-time high of $2,304 per ounce as its investors resume their usual trashing of the leading digital asset Bitcoin. This update is coming at a time when the United States Federal Reserve is making plans to cut the rate as inflation levels remain above the central bank’s target. According…
Binance executive’s case in Nigeria adjourned to April 19
A Nigerian court has reportedly adjourned the case of Binance executive Tigran Gambaryan to April 19. Gambaryan was detained in connection to naira manipulation and tax evasion offenses leveled on Binance by the federal government of Nigeria. According to the news/articles/2024-04-04/binance-executive-s-nigerian-court-case-adjourned-until-april-19″ rel=”nofollow noopener” target=”_blank”>report on Bloomberg, the United States-based executive will remain in Nigeria’s custody…
Memecoins registers massive influx of users in March
Memecoins have become the talk of the crypto market, seeing attention from users across respective blockchains. The market-cap-significant-drop/” data-type=”post” data-id=”505860″ target=”_blank” rel=”noopener”>tokens have also been attracting new users seeking the next big asset in the crypto sector. However, analytics platform IntoTheBlock has revealed that the number of wallet addresses holding memecoins under 30 days hit…
Eurozone’s inflation drops to 2.4% – but the numbers don’t add up
March’s latest financial whirlwind has the inflation-maintain-its-deceleration/” data-type=”post” data-id=”504563″ target=”_blank” rel=”noopener”>Eurozone’s inflation taking a nosedive to 2.4%, throwing economists and their crystal balls out of sync. This unexpected drop from the previous month’s 2.6% has sent a buzz of optimism through the air, suggesting that a cut in interest rates by the contact Central Bank…
Jerome Powell reiterates he has no plans to cut rates anytime soon
Jerome Powell, the governor at the Federal Reserve, inflation-is-easing-before-cutting-rates.html” rel=”nofollow noopener” target=”_blank”>threw a cold splash of reality on us this Wednesday, making it crystal clear he’s not about to hit the rate-cut button anytime soon. Yeah, you read that right. Despite the jitters and jitterbugs dancing around the idea of easing monetary policy, Powell’s standing…
Nansen publicly shames competitor Arkham
Well. It would seem that Nansen woke up today and made the conscious decision to choose violence. In a dramatic fashion, they started a very interesting Twitter thread, publicly shaming their biggest competitor leaks-reveal-potential-return-of-arkham/” data-type=”post” data-id=”425448″ target=”_blank” rel=”noopener”>Arkham Intelligence. Apparently, the guys at Arkham have been more than a little bit too shady. And Nansen…
Bitcoin expert Max Keiser challenges Argentina’s crypto approach
Max Keiser, an adviser to El Salvador’s President Nayib Bukele on Bitcoin questions, made a recent attack on the position of Argentine President Javier Milei on cryptocurrency. Keiser claims that Milei’s economic prescriptions are a “rookie mistake” in that they lump Bitcoin together with all the other cryptocurrencies. This comment is made in times when…
It’s bizarre, but Germany might actually save Europe’s economy
Who would’ve thought that Germany, the self-acclaimed tired man of Europe (also the weirdest economy right now), is shaping up to be the unlikely hero in what can only be described as a nail-biter for the continent’s economy? Just when you thought the script couldn’t get any more dramatic, here comes my girl Germany, showing…
Trump pledges tax cuts and economic boom if reelected president
Donald Trump, aiming for a comeback, made a bold declaration to all you American people:- elect him again, and your wallets will fatten up with tax cuts while the nation enjoys an economic resurgence. This promise, coming from a man whose presidency was nothing if not eventful, raises eyebrows and questions in equal measure. Trump’s…
Federal Reserve doubles down on bullish outlook for U.S. economy
The Federal Reserve isn’t playing games when it talks about the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>U.S. economy. With perhaps way too much confidence, it’s talking about an enduring strength in economic activity. The message is loud and clear. Don’t expect the cost of borrowing money to get cheaper anytime soon. Loretta Mester of the Cleveland…
Memecoins market cap experiences a significant drop
The market capitalization of memecoins has undergone significant losses in the last 24 hours, with tokens on Solana and layer-2 network Base registering a 12% and 19% drop in the same time frame. The memecoin drop is happening around the same time that Bitcoin also experienced a drop of 4.94% to trade at $66,032, per…
Bitfinex introduces volatility futures on Bitcoin and Ethereum
In response to the ongoing volatility spikes in the crypto market, crypto exchange Butfinex has announced the launch of its new volatility futures products on Bitcoin and Ethereum. According to its announcement, Bitfinex, through its derivatives platform Bitfinex derivatives launched the two perpetual futures. Bitfinex launches new Bitcoin and Ethereum volatility futures The platform is…
Crypto tax expert discusses taxation in the crypto industry
Crypto Tax Audit CEO Clinton Donnelly has revealed that crypto users are skeptical about filing their crypto tax returns due to fears of Internal Revenue Service (IRS) regulations. Donnelly said that crypto users fear that the IRS might decide to change their regulations after they file their tax returns. He noted that this is because…
Arkon Energy inks deal to acquire 27,700 mining rigs from Bitmain
With the Bitcoin halving drawing nearer, Bitcoin mining firms are making preparations for the event. In this regard, Arkon Energy has announced that it has signed a deal to acquire 27,000 Bitcoin mining rigs from Bitcoin mining rig manufacturer Bitmain. The Ohio-based firm revealed via its platform that it purchased application-specific integrated circuit (ASIC) units…
CrowdSwap launches first decentralized crypto ETF bull run dETF
CrowdSwap in the decentralized finance (DeFi) space has announced that the first decentralized crypto exchange-traded fund (ETF), Bull Run dETF, has been launched. The novel financial instrument allows investors to access the crypto market using one crypto token to invest in a diversified portfolio. This is one of the fundamental points of cryptocurrency asset use…
Were we all a little bit too harsh on Sam Bankman-Fried?
The cryptocurrency community just watched one of its brightest stars plummet from the sky. Sam Bankman-Fried, once hailed as a crypto wunderkind, has been sentenced to 25 years behind bars, alongside forfeiting over $11 billion. Now, let’s pump the brakes for a minute. Was everyone too quick to jump on the hate train? Before we…
Bitcoin plunges amid $426 million in liquidations
Bitcoin registered a slight price decline to trade below $67,000 on Tuesday morning, erasing gains from the previous week. According to bitcoin” rel=”nofollow noopener” target=”_blank”>data from CoinGecko, the asset is presently trading at $66,139, registering a loss of 4.6% on the day and 6% on the week. Bitcoin registers a significant decline in value The…
Wormhole set to launch its governance token
Decentralized Finance (DeFi) protocol Wormhole has announced that the much anticipated launch of its W governance token will take place on Wednesday. With the launch imminent, crypto exchanges are making efforts to list the token after its airdrop claim opens up to eligible users. Wormhole prepares for its token launch Wormhole previously shared the details…
Taiwanese music star’s memecoin undergoes wild price action
Solana-based memecoin Bobaoppa has become the subject of discussion in the crypto market after its recent price actions. Launched by Taiwanese music sensation Jeffrey Huang (also known as Machi Big Brother), the memecoin has been making waves since its $49 million presale. The token’s price recently experienced a volatile movement, leaving its holders with mixed…
U.S. Treasury yields see shocking rise thanks to persisitent inflation
The finance industry just got a bit more interesting, and if you’re anything like me—someone who just loves knowing what is up the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>U.S. economy at all times—you’re going to want to pay attention. Treasury yields have decided to take a little hike, reaching levels we haven’t seen in the past…