Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access […]
Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
In September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto operation. Economist Peter Schiff warned of impending financial ruin unless the U.S. allows its “phony economy” to […]
Why Your Kids Need Crypto More Than College
A college degree has long been seen as the key to a stable career. But the landscape is changing fast, driven by ed-tech, AI, and a rapidly evolving workplace. Many previously unheard of career paths will be available to your children. Just like early adopters of the internet founded and built web2 giants like Google, […]
BRICS More Attractive Than EU, Says Serbia’s Vulin
Serbia’s Deputy Prime Minister Aleksandar Vulin has championed BRICS as a compelling alternative to the European Union, emphasizing the economic bloc’s appeal for Serbia. He highlighted how BRICS does not impose political conditions like the EU, stressing cooperation based on respect and neutrality. Vulin’s comments signal a possible shift in Serbia’s global alliances, particularly as […]
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in its case against Ripple Labs, citing significant legal errors. Coinbase is optimistic […]
BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in Review
BNY Mellon is working closely with regulators to offer large-scale crypto custody services. Coinshares reported $ 321 million in digital asset inflows, driven by the Fed’s 50bps interest rate cut. Robert Kiyosaki predicts Bitcoin could reach $ 500K by 2025 and $ 1M by 2030, citing global financial instability risks highlighted in …
Fed’s Rate Cut Could Spell Disaster, Microstrategy Buys More Bitcoin, and More — Week in Review
Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $ 1.01 billion from a private offering. A bitcoin investor faces up to three years in prison for underreporting cryptocurrency gains. El Salvador’s President Nayib Bukele …
Hashpower Evolution: Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1
This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s). To put that in perspective, this new rig churns out 81.81% more hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go way back, it’s a mind-blowing 477,677% […]
Microstrategy Announces Plans to Buy More Bitcoin Following $1.01B Private Offering
Microstrategy has revealed plans to acquire additional bitcoin after completing a $ 1.01 billion offering of convertible senior notes. This move comes as part of the company’s ongoing strategy to use proceeds from debt and equity financing to accumulate bitcoin as a treasury reserve asset. Microstrategy Completes $ 1.01B Private Sale Microstrategy (Nasdaq: …
More Analysts Predict Gold Prices Could Reach $3,000 by 2025
The recent surge in gold prices to record highs has made analysts consider that the precious metal could register even higher levels during this and the next year. Some are even predicting that prices might reach the $ 3,000 mark, driven by even stronger central bank demand and incoming rate cuts. Gold Bulls Rejoice …
Spellborne: Unveiling More Quests as the Hunt Continues
In her second play session of her new series, Regina continues playing Spellborne. She tackles the remaining main quests from Spellborne’s Season 1. Regina Takes on Season 1’s Remaining Main Quests: Epic Battles and Mystical Discoveries Last time’s quick recap We kicked off our first live stream of Spellborne, diving into an immersive MMORPG that […]
Billions in Settlements Disrupted, Blockchain Gaming Boom, and More — Week in Review
Recent Western sanctions have disrupted over $ 55 billion in trade settlements between Russia and Turkey. Cameron Thacker of Mythical Games believes the current blockchain gaming surge is more stable, as it focuses on better user experiences rather than hype. In the UK, a new bill recognizes digital assets like bitcoin as personal property. …
Microstrategy Buys 18,300 More Bitcoins, Boosting Total Holdings to 244,800 BTC
Microstrategy has acquired 18,300 additional bitcoins for $ 1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $ 9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date. This acquisition was made through a prior sales agreement enabling …
Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review
Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $ 1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank …
Computer Scientist: Users Will Value Decentralized Systems More as Web3 Tech Matures
The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is how decentralization can address real-world issues. Users Set to Value Decentralized Systems More As an […]