African News

The Bank of Russia has released its latest report showing the activities of Russian nationals in the crypto market in 2023. According to the business/953185″ rel=”nofollow noopener” target=”_blank”>report, the bank noted that transactions in excess of $51 billion (4.7 trillion rubles) were carried out on the exchanges. The report also found that most of the…

dYdX, a decentralized exchange, after the community referendum with over 90% support, has announced its decision to operate from the Cayman Islands partially. However, this move is targeted to reduce the probable legal risks because the United States security regulators have been concentrating on decentralized finance (DeFi) protocols.  Despite dYdX not having any operations within…

dollar-for-bitcoin/” target=”_blank” rel=”noopener”>Argentina has achieved the containment of the crypto market within its boundaries. The country’s regulator of securities, Comisión Nacional de Valores (CNV), has introduced a mandatory registry for companies participating in cryptocurrency businesses. This involves buying, selling, sending, receiving, lending, and trading of cryptocurrency. It is pertinent for the local and multinational companies…

Tether, the issuer of the stablecoin USDT, has bought a lot of BTC to its reserves. The company acquired 8,888 Bitcoins worth $618 million on March 31. This brings Tether’s total Bitcoin holdings to 75,354 bitcoins, with an estimated value of about $5.2 billion, according to on-chain data. The median cost of these Bitcoins to…

The law-firm-clash/” target=”_blank” rel=”noopener”>FTX bankruptcy drama that has financially affected more than one million investors may be resolved by the end of 2024. A meeting in Bahamans held by the Joint Official Liquidators recently from FTX Digital disclosed the deposit payout plan. This move is part of a joint effort between the United States and…

bitcoin–trading-volume-leaps-5000-percent/” target=”_blank” rel=”noopener”>Bitkub Capital Group Holdings, the leading owner of a cryptocurrency exchange in Thailand, says it has a target of listing for the year 2025. Led by CEO Jirayut Srupsrisopa, the strategic move is intended to position Bitkub as a leader and secure funds for continued expansion in the midst of greater competition within…

Binance Holdings Ltd. has installed its first board of directors, which signifies a very meaningful occurrence for the cryptocurrency exchange.  According to a news/articles/2024-04-01/crypto–exchange-binance-names-its-first-board-of-directors” rel=”nofollow noopener” target=”_blank”>Bloomberg report, the new board has a composition of seven members, combining company functional heads with external specialists to steer it through its operational and regulatory environment. The New…

The public channel owners can now get paid by apps-tip-blockchain-adoption/” target=”_blank” rel=”noopener”>Telegram Messenger. The project allows them to receive up to 5 percent of the revenue generated from the adverts on their channels. However, eligibility comes with a condition that the channels’ eligibility criterion is that they should have 1,000 or more subscribers. Pavel Durov,…

BitMEX co-founder Arthur Hayes has cautioned traders in the crypto market against labeling memecoins as ‘stupid’. Memecoins have been a subject of ridicule since they gained widespread attention in the market. According to some market participants, the assets do not provide a net positive for the blockchains that house them. Arthur Hayes backs memecoins’ growth…

The cryptocurrency industry in Australia is currently at a very delicate point where regulators and lawmakers need to make decisions that will improve the sector. Kraken Australia CEO Jonathan Miller shared insights into this, among other things in the crypto market. Kraken Australia CEO shares insights into the crypto market Speaking at a recent interview,…

Prisma Finance, a prominent player in the decentralized finance (DeFi) space, is currently navigating the aftermath of an $11.6 million exploit that occurred last week. This incident has left $540,000 in funds from certain accounts yet to revoke the smart contract responsible for the exploit. Prisma Finance hacker gives conditions to return funds Adding to…

Decentralized Finance protocol Chainage has announced that it will raise $13 million to expand its protocol. The platform, boasting a TVL of around $100 million needs the approval of tokenholders on its decentralized autonomous organization (DAO) to finalize the plan. Chainage reveals plan to raise $13 million According to its snapshot on April 1, an…