Category Archives: News

Revival Of Cryptocurrency Industry In Africa Is Expected To Shift Gears Recent moves by Nigeria and the expected endorsement of Bitcoin exchange-traded funds by the U.S. Securities and Exchange Commission are projected to rekindle African demand in crypto. A crucial event for Bitcoin, the halving expected in April 2024, will once again dictate the courseContinue reading “Experts Say Bitcoin ETF Craze & Nigeria’s Updated Crypto Position Could Spark Africa’s Industry Revival”

Privacy Coins – Monero’s Former Lead Developer, Ricardo Spagni, Appeals to Binance Ricardo Spagni, commonly known as ‘Fluffypony’, who once was at the helm of Monero’s management, is urging Binance to revise its stand on privacy coins. According to Spagni, Binance cannot afford to sit on the fence on this matter – he considers itContinue reading “Ex-Monero Head Urges Binance to Clarify Position on Privacy Coin Controversy”

Decisive Decision by Pancakeswap Community Leads to Significant Reduction in CAKE Token Supply The digital community behind Pancakeswap, a notable figure in the cryptocurrency domain, has collectively given their consensus for a governance vote in favor of a major supply cut concerning the CAKE tokens from its asset pool. The outcome of this community participationContinue reading “Market Surge Spurred by Pancakeswap Community’s Decisive Vote to Cut CAKE Token Supply”

SEC Triumphs in Groundbreaking Crypto Court Case Against Terraform Labs In a landmark legal decision, US District Judge, Jed Rakoff, ruled in favor of the Securities and Exchange Commission (SEC) in a multi-billion dollar crypto fraud lawsuit against Terraform Labs, and its founder, Do Kwon. Rakoff found that the stipulations of the Howey test wereContinue reading “Landmark Ruling: Judge Supports SEC in Terraform Labs’ Significant Cryptocurrency Case”

Innovation in Hong Kong Stablecoin Regulation The realms of cryptocurrency and financial regulation in Hong Kong have been buzzing lately, with the latest news being the proposal for the supervision of stablecoin institutions. The Hong Kong Monetary Authority teamed up with the Financial Services and the Treasury Bureau, unveiling a consultation document that seeks viewpointsContinue reading “Hong Kong Authorities Present Public Survey on Stablecoin Regulation Rules”

India’s Struggle to De-Dollarize its Oil Trade: A Review In recent developments, India’s ambition to de-dollarize its oil trade and shift to payments in its native currency, the rupee, seems to have hit a stumbling block. The refusal by oil suppliers to accept payment in rupees with concerns about repatriating their funds has been aContinue reading “India’s Pursuit of De-Dollarization Stumbles as Oil Suppliers Express Rupee Repatriation Worries”

Analyzing Ethereum’s Market Status As of December 27, 2023, Ethereum’s market trends had expressed an intriguing collection of cues for both buyers and sellers. This well-liked cryptocurrency, second in command in the market capitalization, oscillated within a price window ranging from $2,189 to $2,290. Holding a market capitalization of $273 billion and an impressive tradingContinue reading “Ethereum Technical Overview: Ether Bulls Seize Control, Surge Towards Resistance”

An Overview of Bitcoin Market Dynamics Bitcoin has somewhat stabilized since its colossal rally, with its current price fluctuating between standpoints of $42,750 and $42,964 and a 24-hour range drifting between $41,820 & $43,192. Regardless of the variability, the cryptocurrency kingpin conserves its impressive market capitalization of $841 billion, with a 24-hour trading volume ofContinue reading “Uncovering Bitcoin Market Trends: A Deep Dive into BTC’s Push and Pull Forces”

Central Bank Digital Currencies Expected to Become Operational by 41% of Central Banks by 2028 In a recent study carried out by the Official Monetary and Financial Institutions Forum (OMFIF), it was revealed that approximately 41% of central banks anticipate they will have a working central bank digital currency (CBDC) by 2028. Surprisingly, about 30%Continue reading “Study Reveals: 41% of Central Banks Plan to Run Operational CBDCs by 2028”