African News
The BRICS are planning some big announcements this year
As the calendar flips closer to the highly-anticipated BRICS Summit in October, whispers and bold claims alike are going around Russia and Brazil. The whole world has got its eyes peeled, and for a good reason. Russian Foreign Minister Sergey Lavrov and Brazil’s Mauro Vieira are cooking something big for this year’s meet-up in Kazan….
Will eurozone inflation maintain its deceleration?
March’s whispers have it that Eurozone’s inflation might be taking a tiny step back, hitting an expected 2.5%. This slight ease-up from last month’s 2.6% is like a double-edged sword for when the contact Central Bank (ECB) finally put its rate-cutting scissors to work. A mixed bag of smaller upticks in goods and grub, contrasted…
Base network hits new milestone trading volume
Coinbase’s layer-2 network on Ethereum Base has achieved remarkable success in its trading volume. According to data from Dune, the network saw its trading volume register a massive rise of $1 billion, 25% more than the previous day. The data shows that the network registered a massive $1.21 billion in trading volume on March 30,…
Owner One survey reveals the behavior of ultra-rich families towards crypto
A recent survey carried out by Owner One has shown that rich families with a net worth of $100 million show a preference for algorithmic coins over tokens. In the study, the platform revealed that the family favors algorithmic coins at 4.32% while their preference for other tokens stands at 0.92%. These preferences remain paramount…
Robert Kiyosaki advises traders to ditch dollars for Bitcoin
Famous author and vocal Bitcoin supporter Robert Kiyosaki has published new advice for traders in the financial landscape. In his recent post, the Rich Dad Poor Dad author urged his followers to ditch the dollar in favor of Bitcoin, gold and silver. Robert Kiyosaki opined that ‘baby boomers’ retirements are going broke with the crash…
Web3 startups flock to accelerators as crypto enthusiasm grows
In the dynamic world of blockchain, Web3 startups are now using accelerator programs to boost their growth and popularity in the crypto market. With the market currently going through a bull run, this is also an avenue for these startups to secure investments. These programs also provide the right mentorship, funding, and opportunities for both…
You there, America? It’s me, Shrinkflation
Hey, America! Did you notice something weird about your Easter eggs this year? Yup, they’re not just hitting your wallet harder, but they seem to have been on a diet too. Gone are the days when an Easter egg was just a simple treat. Now, it’s a luxury item that’s both pricier and punier. Take…
The one thing dragging Japan’s economy down
If you’re scratching your head wondering what’s got Japan’s economy in a twist, look no further than the yen’s recent performance. It’s been on a bit of a wild ride, and not in a good way. The country’s top money man, Masato Kanda, has been all over this, saying the yen’s dive doesn’t make a…
How is the global economy doing these days? – Let’s talk
Diving headfirst into the chaotic, ever-turbulent sea of the global economy, one can’t help but notice the mixed signals it’s sending out like an SOS to anyone trying to make sense of it. On one hand, we’re witnessing inflation taking a chill pill in the U.S., while on the other, consumer spending is on a…
Crypto FOMO shifts gears from Bitcoin to BOBAOPPA by Machi Big Brother – Wait!! Is it a scam?
Have you all heard about the latest trend in the crypto space? The BOBAOPPA is spearheaded by MachiBigBrother, who is a famous NFT trader. In the meteoric race of what could be the world’s best memecoin, BOBAOPPA stands out after raising $42,000,000 in its pre-sale in just a few days. With the recent surge, crypto…
Ripple CLO Stuart Alderoty critiques SEC’s crypto guidance after settlement talk
Following a settlement conference between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) on March 29, Ripple CLO, Stuart Alderoty, voiced concerns on social media platform X. Alderoty lashed out at the SEC for not providing clear regulatory guidance to the cryptocurrency industry despite the SEC stating that the DAO report offered considerable…
United Kingdom court freezes Craig Wright’s assets
A United Kingdom court has given an order to freeze assets worth £6 million ($7.6 million) belonging to Craig Wright. This move was made to ensure that Wright is prevented from evading court expenses from his recent legal performance. Craig Wright was recently embroiled in a lawsuit against the Crypto Open Patent Alliance (COPA), claiming…
Solana Foundation promises to filter memecoin problems
The memecoin sector has been plagued with the introduction of tokens featuring offensive words. The issue was the center of discussions at the recent panel session held at the BUIDL Asia Summit in Seoul. Experts and investors alike including the Solana Foundation shared various possible solutions to the issue. Solana Foundation makes pledge against banned…
LENX wallet drain sparks rumors of a potential rug pull
Liquidity protocol LENX has been rocked with fresh rumors of a potential rug pull, throwing the whole crypto community into confusion. According to recent reports from pseudonymous user AstroBoy and data from Etherscan, there has been a series of transfers involving LENX Finance founders, John Kim and another individual named Paul. LENX transfers $10 million…
Custodia Bank’s plea for a Federal Reserve master account denied
The United States District Court in Wyoming has ruled against Custodia Bank’s plea to own a Federal Reserve master account. The court also dismissed the bank’s plea for a declaratory judgment. However, the bank remains adamant and would seek out every possible option available. Custodia Bank denied a Federal Reserve master account In a filing…
How the UK is quite literally ruining Scotland’s economy
Right now, Scotland is standing at a crossroads, facing a future tethered to the UK’s economic misadventures or charting its own path towards prosperity akin to that of similarly sized independent contact countries. A look around reveals a startling reality. Nations of Scotland’s size are thriving, making a mockery of the economic turmoil gripping larger…
Why is Russia so obsessed with the Chinese yuan? – Does it even make sense?
Ever wondered why Russia seems to be head over heels for the Chinese yuan? Well, pull up a chair, because we’re diving deep into this fixation. Let’s be clear from the start: Russia’s enthusiasm for the yuan isn’t a fleeting crush; it’s a strategic move born out of necessity and a touch of desperation. The…
Nigeria sets $359 million minimum capital mandate for banks
Nigeria just cranked up the heat on its banking sector, big time. The Central Bank of Nigeria has decided it’s time to beef up the financial muscle of its banks. In a country riddled with so many challenges—think rampant inflation, a currency that’s seen better days, and an economy that could use a serious shot…
Grayscale Investments launches exclusive staking income fund for wealthy clients
Grayscale Investments has launched the Grayscale Dynamic Income Fund (GDIC), a unique investment vehicle designed to provide sophisticated investors with access to the income generated by staking cryptocurrency tokens. The fund targets those individuals who have over $1.1 million in assets under management (AUM) or a net worth of more than $2.2 million, demonstrating its…
Jerome Powell says interest rate cuts will do nothing for U.S. economy
Jerome Powell, the man in charge of the Federal Reserve, pretty much just told us that cutting interest rates right now is as useful as a screen door on a submarine. Man’s hanging tight, insisting that unless the economic scene shifts big time, rates are staying put. Now, if you were hoping for some wizardry…