African News
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…
Unlocking Smarter Crypto Trading with AI Power
Navigating the Cryptocurrency Market’s Volatility with ai: Unlocking Opportunities and Mitigating Risks In today’s rapidly evolving cryptocurrency landscape, staying abreast of market trends is crucial for maximizing profits through ai-assisted crypto trading. Artificial intelligence (ai) tools are revolutionizing the game with their advanced machine learning algorithms, capable of analyzing vast amounts of data at unprecedented…
FTX estate plans to sell $884M stake in AI firm Anthropic
FTX Estate Announces Plans to Sell Two-Thirds of Its Stake in Anthropic for $884 Million The estate of the bankrupt crypto exchange FTX has made an announcement regarding its plans to sell a significant portion of its 8% stake in the artificial intelligence (ai) startup Anthropic. The deal is estimated to be worth approximately $884…
Bybit lists Notcoin for pre-market trading—here’s everything you need to know
Bybit, a prominent crypto exchange based in the United Arab Emirates, recently made an exciting announcement regarding the listing of Notcoin ($NOT), a meme coin with a significant presence within the Telegram ecosystem. The Pre-Market Trading platform of Bybit, an over-the-counter (OTC) trading solution tailored for new tokens prior to their official listing, welcomed $NOT…
Philippines announce plans to block access to Binance exchange
The Philippines Intends to Block Access to Binance: SEC’s Apprehensions and Regulatory Action The Securities and Exchange Commission (SEC) of the Philippines has announced its intentions to prevent local users from accessing Binance, the world’s largest cryptocurrency exchange. This decision comes in response to concerns regarding Binance’s unlicensed operations within the country. The SEC has…
Hong Kong’s SFC intensifies its war against illegal exchanges
Hong Kong’s Securities and Futures Commission (SFC) Issues Alert Against Suspicious Crypto Trading Platform HKCEXP The Hong Kong Securities and Futures Commission (SFC) has recently taken action against a suspicious crypto trading platform named HKCEXP, which has been falsely claiming registration with the regulatory body. This development comes at a critical juncture as the SFC…
CommEx set to halt operations as it suspends deposits
CommEx Announces Operational Suspension: A Significant Development in the Cryptocurrency Industry CommEx, the Russian counterpart of Binance, has recently made an announcement that has left a significant impact on the cryptocurrency industry. Following CommEx’s acquisition of Binance’s Russian business in an undisclosed deal back in September 2023, the platform has decided to cease operations. The…
U.S. has been keeping a close eye on BRICS and its plans
The Global Economic Landscape: A New Dawn for BRICS and the US Dollar A Bold Shift in Global Economic Power: The BRICS Bloc at the Forefront The global economic landscape is poised for a significant transformation, with the BRICS bloc playing a pivotal role in this potential seismic shift. The United States remains vigilant and…
XRPL considers a Canary Network amidst technical challenges
Discussions surrounding the potential establishment of a Canary Network for the XRP Ledger (XRPL) have gained traction among the blockchain’s developer community. This initiative, spearheaded by Wietse Wind, co-founder of Xumm Wallet, aims to create a reliable testing environment for the layer-1 blockchain. The proposal comes as a response to the recent critical bug that…
OpenAI Stuns Hollywood Directors with Revolutionary Video-Generating System
In a groundbreaking development that is set to redefine the future of filmmaking, OpenAI, the leading artificial intelligence (ai) research organization, has presented its revolutionary video-generating system to a select group of Hollywood directors. This groundbreaking demonstration marks a significant milestone in the integration of ai into the film industry as it strives to keep…
Half of U.S. now in recession as dollar’s depreciation persists
The Economic Reality: A Harsh Winter for Half of the United States In these trying times, it’s not just idle gossip that fills the airwaves and the streets—it’s a harsh economic reality. The United States, once a beacon of prosperity and stability, now grapples with an unforgiving economy marked by slowdowns and financial setbacks. This…