African News
Ripple faces criticism from Forbes over XRPL’s role in global finance
In the latest article, Forbes has classified thecommunity-engage-in-talks-over-potential-usdc-support/” target=”_blank” rel=”noopener”> XRP Ledger (XRPL) and 19 other blockchains as not really working – to the point of calling them “zombie chains”. The research claims that these networks, among them XRPL, need more substantial use despite their presence within the blockchain ecosystem for more than a decade….
Tether Launches New AI Division; Interesting AI Models in the Pipeline
Recently, many firms have been continuing to show interest in ai within the Web3 space, and Tether is reportedly among them. The other day, news about a merger to create an ai powerhouse that integrates Web3 technology and ai surfaced, and since then, the ai craze has continued to grow. Tether, the world’s leading stablecoin…
U.S. Judge dismisses antitrust lawsuit against Apple filed by Venmo and Cash App users
Vince Chhabria, a United States District Judge, has thrown out an antitrust suit against Apple, which was filed by Venmo and Cash App customers. The complaint which was launched in San Jose on November 17, 2023, accused Apple of anti-competitive practices within the iOS App Store. Accusations pointed at Apple’s restrictive policies that apparently had restrained…
A New Crypto AI Alliance; 3 Decentralized Platforms Set to Merge
The crypto ai industry keeps developing, with new projects springing up during this bull run. Recent developments show that SingularityNET, price-prediction/” data-type=”link” data-id=”https://www.cryptopolitan.com/fetch-ai-price-prediction/” target=”_blank” rel=”noopener”>Fetch.ai, and Ocean Protocol are reportedly in the final stages of discussing a merger. It is reported that three crypto ai platforms could announce a merge of their tokens into an…
Hashdex and Tidal partner to introduce groundbreaking Bitcoin ETF
Hashdex Asset Management Ltd. and Tidal Investments LLC have transformed the investment landscape. They have renamed the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF (DEFI). This ETF, under ticker NYSE Arca: DEFI and CUSIP: 88634V100, is a spot Bitcoin fund. It follows the NQBTCS – from March 27, 2024. This key development denotes…
KuCoin Launches $10M Airdrop Following US Legal Charges
KuCoin, a cryptocurrency exchange, has released information that covers a $10 million airdrop of Bitcoin (BTC) and KuCoin (KCS) token. This news was brought by the CEO, Johnny Lyu, in a community–support” target=”_blank” rel=”noreferrer noopener nofollow”>blog post on the exchange’s Website on March 27. The announcement was made shortly after the United States Justice Department…
Katena wins its lawsuit against mining firm Coinmint
Crypto technology firm Katena Computing has received a favorable ruling from a panel of arbitrators in its ongoing legal performance with crypto mining company Coinmint. The ongoing tussle between the two firms is centered around a purchase agreement worth $150 million. Mining firm Coinmint alleged that the tech firm and DX Corr deceived it into…
HSBC rolls out tokenized gold for Hong Kong retail investors
Renowned financial institution HSBC has entered the blockchain technology industry by making tokenized gold available for retail investors in Hong Kong. This initiative makes HSBC the first bank to provide retail investors with a tokenized real–world asset (RWAs) on a blockchain platform. HSBC rolls out its gold token for retail investors According to its announcement,…
Near Foundation unveils new multi-chain feature for its users
The nonprofit organization behind the layer-1 protocol, Near Foundation has revealed a significant advancement in the introduction of Chain Signatures. The new transactions-on-any-blockchain-from-a-near-account/” rel=”nofollow noopener” target=”_blank”>feature will allow users on the platform to access multiple chains using their account, enhancing interoperability across multiple chains in the blockchain ecosystem. Near Foundation unveils its new multi-chain features…
KuCoin claims stability and safety following US indictment
KuCoin faces legal issues with Southern District of New York prosecutors (SDNY) as well as the Commodity Futures Trading Commission after being accused of conducting an unregulated agency that transferred money and failing to fulfill the anti-money laundering (AML) requirements under section 21 of the Bank Secrecy Act, Cryptopolitan reported earlier. Regardless of the ongoing…
Is India really leaving BRICS? – Here is what we know
India’s Uncertain Future in BRICS: Navigating Geopolitical Tensions and Economic Challenges The Swelling Discord Within BRICS: A Potential Exit by India? Rumors of India’s imminent exit from the BRICS bloc have gained significant traction in recent months. The irony lies in the fact that while this collective aims to broaden its horizons, internal tensions among…
El Salvador hits 5,700 in BTC Holdings; nearly $80M in Profit
El Salvador’s President Nayib Bukele announced on his X account that the country has increased its Bitcoin (BTC) holdings to a total of 5,700 coins, which is equivalent to approximately $400 million based on current market prices. This revelation underscores El Salvador’s unwavering commitment to cryptocurrency adoption and its aspirations to become a global leader…
Robert Kiyosaki stirs debate with Bitcoin ponzi scheme concerns
In a recent statement on X, the widely used social media platform, Robert Kiyosaki, the renowned financial educator behind “Rich Dad, Poor Dad,” voiced concerns regarding Bitcoin. He raised questions about the authenticity of Bitcoin, implying it could be a scam or a Ponzi scheme. This declaration has instigated an intriguing debate among investors and…
Ripple CTO David Schwartz criticizes Elon Musk as judge dismisses X lawsuit
Judge Charles Breyer Dismisses X Corporation’s Lawsuit Against the Center for Countering Digital Hate: Implications on Free Speech and Social Media Platform Responsibilities In a significant ruling, Judge Charles Breyer dismissed the lawsuit filed by X Corporation, now rebranded as X under the leadership of Elon Musk, against the Center for Countering Digital Hate (CCHD)….
Trading activity on Coinbase International hits new heights with $6.23B record
Record-Breaking Daily Trading Volumes and Rally in Coinbase International Exchange March 2023 has been a remarkable month for Coinbase International Exchange, with daily trading volumes consistently surging above the $1 billion mark. This trend was only disrupted five times throughout the month, when the figures fell below this threshold. The significant uptick in trading volumes…
Binance submits extensive docs in SEC compliance effort
Recent Developments in the SEC’s Legal Action Against Binance: The Securities and Exchange Commission (SEC)’s ongoing legal performance against cryptocurrency giant Binance has taken a new turn. On March 25, Judge Zia M. Faruqui ordered both parties to submit a status report by April 5. This report will outline their progress in the expedited discovery…
UPDATE: Terraform Labs vs SEC; Trial Begins without Do Kwon
The latest chapter in the high-stakes legal performance between Terraform Labs and the Securities and Exchange Commission (SEC) unfolded in a Manhattan courtroom, despite the unexpected absence of Do Kwon. The defiant crypto executive’s extradition to the United States was halted by the Montenegro court of appeal, leaving him in Europe serving time for a…
Investors call for delay in South Korea’s crypto tax implementation
South Korean Cryptocurrency Investors Petition for Tax Delay and Enhanced Regulatory Oversight South Korea’s cryptocurrency market has witnessed significant growth, making it a global hub for digital asset trading. However, this thriving sector is currently facing two major challenges: the impending introduction of taxes on cryptocurrency gains and concerns over regulatory oversight of local exchanges….
Crypto firms linked to Russia face US sanctions for evasion
Recent OFAC Sanctions Target 15 Entities and Individuals Facilitating Cryptocurrency-Related Services for Evading Russian Sanctions The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against 15 entities and two individuals who have been aiding the potential evasion of U.S. sanctions on behalf of Russian nationals through cryptocurrency-related services. OFAC emphasized…
Russian crypto mining sector moves towards legalization
Russian Cryptocurrency Industry Leaders and Executives Unite to Draft Bill for Legalizing Crypto Mining in Russia The cryptocurrency industry in Russia is taking a significant step forward, as leaders and business executives have collaborated to draft a bill that seeks to legalize crypto mining in the country. This groundbreaking initiative was revealed at a cryptocurrency…