Author name: Peter

Bitcoin Technical Analysis: BTC Enters a Steady Range-Bound Consolidation Phase

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The current state of the cryptocurrency market has bitcoin hovering around the $36,209 mark, with anticipation for potential shifts. In the previous day, BTC experienced a dip to $35,109 per coin, but it quickly rebounded and is now back above the $36K range. The release of the consumer price index (CPI), a crucial inflation gauge, […]

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Nigeria’s Fintech Startup Paystack Cuts Workforce, 33 Employees to Depart

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Paystack's Decision to Scale Down Operations Outside Africa Nigeria's prominent fintech startup, Paystack, has recently announced its decision to downsize its operations outside Africa. As part of this move, Paystack will be parting ways with 33 employees based in Europe and the United Arab Emirates. Co-founder Shola Akinlade has assured the affected employees of his

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The Rise and Fall of the AI-Driven Crypto Market in 2023

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AI Cryptocurrencies Experience Substantial Growth In the early months of 2023, the AI-driven crypto market reached unprecedented heights, surpassing $4 billion in value. However, by the end of July, this sector experienced a significant decline, dropping to $2.6 billion. Despite this downturn, the last three months have witnessed a recovery in the AI-focused crypto landscape,

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Libertarian and Free Market Proponent Javier Milei Wins Argentine Presidency

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Milei Triumphs in Argentina's Presidential Race Argentina has embraced its newly elected president, Javier Milei, who secured a majority in the popular vote, surpassing his opponent Sergio Massa. Milei, an anarcho-capitalist, aims to dismantle the political "caste" that he believes has failed the nation, boldly stating earlier this year that the state "destroys wealth." At

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The Value of Gold in a Financial Collapse Scenario: Insights from the Dutch Central Bank

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Increasing Gold Holdings as a Backstop Aerdt Houben, the Director of Financial Markets for the Dutch Central Bank (DNB), recently discussed the rise in gold holdings and its potential as a hedge in a financial collapse scenario. Houben highlighted that the Netherlands, along with other European central banks, has been increasing its gold reserves as

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Binance Client Executives Kidnapped and Forced to Empty Crypto Wallets: CEO Changpeng Zhao

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In a shocking incident, Changpeng Zhao (CZ), the CEO of Binance, one of the leading cryptocurrency exchanges, revealed that executives of a Binance client were kidnapped and coerced into emptying their crypto wallets. CZ shared the details of the incident and highlighted how Binance was able to track the stolen funds and freeze over 94%

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FTT Surges 200% in Two Weeks, Becoming the Fifth Largest Exchange Coin

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FTT Records Colossal Gains Over the Past Fortnight The exchange token FTT, originally developed by the now-defunct FTX cryptocurrency trading platform, has experienced a significant surge in value, surpassing the $3 per unit mark. Despite the challenges faced by FTX, including the fraud conviction of Sam Bankman-Fried and ongoing bankruptcy proceedings, FTT has shown remarkable

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The SEC Postpones Decision on Global X Bitcoin Trust’s Spot Bitcoin ETF

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Introduction The U.S. Securities and Exchange Commission (SEC) recently announced the postponement of its decision regarding the Global X Bitcoin Trust's application to list a spot bitcoin exchange-traded fund (ETF). This delay, revealed on November 17, 2023, adds to the ongoing uncertainty surrounding spot bitcoin ETFs. Global X Spot Bitcoin ETF Delayed by SEC The

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The Performance of Privacy Crypto Tokens in 2023: A Detailed Analysis

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A Decline in Market Value Throughout 2023, various sectors within the cryptocurrency market have witnessed significant gains. However, privacy-centric crypto tokens have lagged behind their counterparts in terms of performance. Over the last ten months, the market value of the privacy cryptocurrency sector has diminished by $440 million, marking a notable downturn. An Overview of

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SEC’s Spot Bitcoin ETF Advice Fuels Hope for Approval — Crypto Industry Views It as ‘Real Progress’

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SEC’s Advice Regarding Spot Bitcoin ETFs The Securities and Exchange Commission (SEC) has provided specific guidance to exchanges seeking to list and trade spot bitcoin exchange-traded funds (ETFs) on what they should do next. This development has been seen as real progress within the crypto industry, as it brings clarity to the cash versus in-kind

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