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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 […]

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

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

Star Atlas, a trailblazer in the integration of gaming and blockchain, has reached a significant milestone with the listing of its ATLAS token on LBank. This marks the beginning of an exciting new chapter for Star Atlas and has generated a surge of interest in the market, resulting in a 60% increase in the value

Overview Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a downturn on Friday, dropping 4.7% against the U.S. dollar. Over the previous week, it has seen a decline of 6.6% in its value. The trading dynamics on November 17, 2023, showcased a complex blend of factors influencing ethereum's market behavior. Market Analysis Ethereum's market

Commerzbank, a leading German full-service bank, has made a groundbreaking move in the digital asset sector by becoming the first bank in Germany to receive a Crypto Custody License. This significant achievement positions Commerzbank at the forefront of the rapidly growing crypto market in the country. The bank sees this license, granted under the German

No New Users Accepted Bitgetx, the subsidiary of the Singapore-based cryptocurrency exchange Bitget, announced on November 13 that it has decided to drop its pursuit of a Virtual Asset Trading Platform (VATP) license in Hong Kong. As a result, Bitgetx will be closing its operations in Hong Kong and permanently exiting the region on December

A Call for Bitcoin to be Recognized as Legal Tender A member of the German Bundestag (federal parliament), Joana Cotar, has expressed her support for making Bitcoin a legal tender in Germany, in an exclusive interview with Cointelegraph. Cotar believes that Bitcoin should receive a "preliminary examination" to establish a legal framework that officially recognizes

Introduction On Tuesday, the U.S. Bureau of Labor Statistics released the October Consumer Price Index for All Urban Consumers (CPI-U), which remained unchanged compared to September's 0.4% increase. The report revealed a steady trend in consumer pricing, with the all-items index rising 3.2% over the past year before seasonal adjustment. Shelter Index and Gasoline Index

Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has issued a cautionary statement stating that fiat money is not a safe investment. He emphasizes that central banks are buying gold to protect themselves, rather than safeguarding the interests of investors. Kiyosaki advises individuals to take necessary steps to protect themselves by