African News
Uh, is Xi Jinping trying to copy America’s economic problems?
If you’re wondering whether Xi Jinping is on a mission to mimic America’s economic headaches, you’re not alone. The Chinese President has thrown a curveball into the global finance with a strategy that smells oddly familiar to what’s been cooking in the U.S. treasury and the Federal Reserve’s kitchen for years. Jinping’s latest musings have…
America, you have a debt problem – and it is going to kill you
America is on the edge of a financial cliff, and the music’s about to stop. Imagine this: a giant weighing scale where on one side, we have the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>U.S. economy, buzzing with life, dreams, and burgers. On the other, a colossal heap of debt that’s about to tip the balance. The…
Crypto platform dYdX chooses Cayman Islands for operations as US tightens DeFi oversight
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…
Jamaica is the only economy genuinely doing good right now – but how?
While the world’s global–economy-doing-these-days/” data-type=”post” data-id=”504435″ target=”_blank” rel=”noopener”>economies seem to be having such a terrible time, Jamaica conspicuously stands out, challenging the norms and showcasing an economic resilience that’s hard to ignore. The island’s journey from financial despair to economic stability is not just inspiring. It’s a beautiful lesson in determination and strategic finesse. So,…
Argentina introduces mandatory crypto exchange registry
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’s Bitcoin holdings skyrocket with $618M acquisition
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…
Nearly $100M in crypto hacks recovered in March, says PeckShield
Blockchain security firm PeckShield reported a significant recovery of stolendigital-assets-under-management-surge/” target=”_blank” rel=”noopener”> digital assets in March. The firm’s data shows that nearly $100 million of the $187 million lost to crypto hacks has been reclaimed. March witnessed over 30 hacking incidents, making the recovery of 52.8% of the stolen funds a notable achievement. This recovery…
Hope rises for FTX investors with 2024 repayment goal
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…
Thailand’s Bitkub targets IPO for expansion and growth
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 Appoints First Board of Directors
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…
Telegram offers 50% ad revenue share to channel owners
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,…
Arthur Hayes tips memecoins for massive growth
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…
Telegram Revolutionizes Monetization with Toncoin for Ad Purchases
This weekend is marked by significant news about Telegram – the integration of Toncoin as a payment method. Now, advertisers will be able to use it to buy in-platform ads. This new step in the Telegram monetization strategy is part of its aspiration to create a comfortable environment for users and pay content creators for…
Australia’s crypto sector set for a significant 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 hacker demands apology before returning stolen funds
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…
Chainage set to raise $13 million amid expansion plans
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…
Exactly how will the U.S. be affected when BRICS completely ditch dollar?
It is not a hidden fact that the BRICS nations are on a mission to dramatically change our global economic balance. Their goal is to end the reign of the U.S. dollar as the king of international trade. By making trades in their local currencies, they plan to boost their own economies and reduce reliance…
Federal Reserve pushed to heighten rate cut measures
The call for the Federal Reserve to get a move on and make deeper rate cuts is growing louder by the day. Picture this:- the economic stage is set, the actors (in this case, market players) are in their positions, and all eyes are on the Fed to deliver a performance that could potentially steer…
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…