At a Glance The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 exchange bureaus due to non-compliance with regulatory guidelines. New CBN regulations mandate a minimum capital requirement of 2 billion nairas for Nigerian exchange bureaus, promoting financial stability. CBN’s crackdown on illegal forex trading increases transparency and reinforces Nigeria’s financial system…
The Unexplained Surge in bitcoin’s Price: Halving and ETF Approval The cryptocurrency world has been abuzz with excitement lately, as bitcoin’s price soared past the $69,000 peak from 2021, reaching new heights. This astounding increase of over 40% in just a month has left many wondering about the underlying factors fueling this unprecedented growth. Fundamental…
February’s Modest Inflation Rate: A Reprieve for the Eurozone, But Not a Cause for Celebration The chill in the air during February brought a slight easing to the inflation rates of the Eurozone, which settled at a modest 2.6%. While this might seem like a positive development, it’s essential to understand that it represents only…
Record-Breaking Urban Development Deal: Egypt and UAE Team Up for $35 Billion Investment The financial world was abuzz on Friday, as the BRICS bloc unveiled a groundbreaking new economic strategy. The latest addition to this formidable alliance, Egypt and the United Arab Emirates (UAE), have announced an unprecedented $35 billion investment in urban development for…
In the rapidly evolving world of artificial intelligence (ai), the debate surrounding ai bias within generative ai models has gained significant attention. Amid growing concerns about inclusivity and representation in technological advancements, a pioneering initiative named Latimer GenAI is making waves as a beacon of hope. Developed by John Pasmore, this groundbreaking Large Language Model…
Myanmar’s Ambitious Plan to Join the BRICS Currency Circle in 2024 Myanmar, the southeast Asian nation, has expressed its intent to join the BRICS currency circle by 2024. The country’s commitment to the BRICS single currency initiative was confirmed by Kan Zaw, Myanmar’s Investment and Foreign Economic Relations chief. This announcement follows Myanmar’s growing engagement…
solana’s Remarkable Growth: From a Modest Beginning to an All-Time High Since its launch in 2020, solana (SOL) has experienced a meteoric rise in value. The cryptocurrency’s native token has seen an astounding increase of 15,745.80%, reaching a new all-time high of $249 in 2021. With a market capitalization of over $58 billion, solana has…
solana, a prominent player in the crypto market, has recently witnessed a substantial price surge of over 30% within a week. This significant uptick reflects growing confidence and optimism among investors regarding solana’s capabilities. However, some concerns have arisen about the potential impact of historic negative sentiment over the weekend on its price movement. solana…
Hong Kong: A Blossoming Hub for the Crypto Industry Amidst Intense Competition The crypto industry is witnessing significant growth in Hong Kong, with a remarkable 24 businesses applying for licenses to operate digital-asset exchanges within the jurisdiction. This development comes as the city aims to establish itself as a regulated hub for the industry, attracting…
Binance: The World’s Leading Crypto Exchange Successfully Recovers $4.4 Billion in Mishandled Digital Assets for Users Binance, the world’s leading cryptocurrency exchange, has recently announced that it has successfully recovered a total of $4.4 billion in digital assets for its users who experienced mishandled deposits over the past two years. This significant recovery is a…
Nigeria’s Government Demands $10 Billion from Binance Amid Allegations of Economic Sabotage and Illegal Exchange Rate Manipulation The Nigerian government has issued a staggering demand for $10 billion in penalties from Binance, the world’s leading cryptocurrency exchange, due to accusations of significant financial losses incurred by manipulating exchange rates and causing a drastic depreciation of…
In a significant turn of events within the ai industry, top executives at OpenAI have released a response to a high-profile lawsuit filed by Elon Musk, the innovative entrepreneur. The legal action, which accuses OpenAI of deviating from its founding mission, has sparked a passionate rebuttal from the organization’s leadership. At the heart of their…
Title: The U.S. Department of Energy Initiates a Comment Period on Its Proposed Survey Targeting Crypto Miners: A Collaborative Approach to Regulation and Understanding In an unprecedented move for the crypto mining industry, the United States Department of Energy (DOE) has announced a comment period regarding its proposal to conduct a survey targeting cryptocurrency miners….
In a groundbreaking move to fortify their stance against economic crime and terrorism financing, the UK’s law enforcement agencies are on the precipice of acquiring heightened powers to seize cryptocurrency assets associated with illicit activities. This development, which is set to be executed on April 26, follows the recent approval of secondary legislation that supports…
Nvidia Corporation has made history by reaching a monumental milestone, surpassing the $2 trillion market value threshold for the first time. This significant leap forward was driven by an optimistic report from Dell Technologies, which sparked immense enthusiasm among investors for artificial intelligence (ai)-related investments. Dell Technologies’ Positive Outlook Boosts Nvidia The rosy perspective shared…
The much-awaited launch date for the Alpha mainnet of SatoshiVM, a groundbreaking bitcoin Layer 2 project, has been officially announced. This pioneering development is scheduled for March 15, 2023. Groundbreaking Innovations Ahead The Alpha mainnet launch is an essential milestone for SatoshiVM, as it prepares to unveil a series of revolutionary features. These advancements are…
In a chilling revelation, cybersecurity firm Kaspersky has issued a report on an alarming trend in the criminal underworld: the massive sale of stolen credentials from artificial intelligence (ai) based gaming platforms and services on the dark web. Over a three-year span, an astonishing 3.6 crore stolen credentials have been pilfered and put up for…
Robust ai: Pioneering the Future of artificial intelligence in Education and Healthcare Robust ai, a trailblazing startup based in the heart of artificial intelligence (ai) innovation, has recently unveiled an impressive collection of cutting-edge applications designed to revolutionize education and healthcare sectors. Led by CEO Usman Roshan and lead ai engineer Yunzhe Xue, this dynamic…
In an important development, the FTX Derivatives Exchange, which is currently undergoing bankruptcy proceedings, has issued a critical advisory to its creditors. This warning comes as the exchange prepares to meet its obligations to those impacted by its unexpected collapse in 2022. The core message of this advisory is to bring attention to the presence…
Pandoshi (PAMBO): An Intricate and Self-Sustaining Ecosystem The Pandoshi project, an innovative cryptocurrency platform with its native token PAMBO, has recently taken a significant stride forward by launching PandoshiSwap following the successful completion of its presale phase. This strategic move not only signifies the beginning of an anticipated buy-and-burn mechanism, where fees from the decentralized…
