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Search Results for: inflation

Jack Dorsey Backed TBD Partners with Chipper Cash to Expand in Africa

In an effort to facilitate more international commerce in Africa, TBD, a digital payment business backed by Jack Dorsey, has established a collaboration with Chipper Cash. The business has announced plans to increase its footprint across 40 African nations. Block, which TBD is a subsidiary of, was co-founded by Jack

May 15, 2024 2 mins read

U.S Spot Bitcoin ETF Sees $100.5M Inflow, Boosting Investor Confidence

Starting the week on a strong note, the U.S Spot Bitcoin ETF space seems to be maintaining its momentum. After recording three days of outflows last week, the U.S Spot Bitcoin ETF has seen an inflow of approximately $170 million during the first two days of this week. On the

May 15, 2024 2 mins read

Tether Freezes 5.2M USDT Linked to Phishing Groups

Tether has frozen 5.2 million USDT from 12 Ethereum addresses linked to phishing groups. These addresses are tagged as USDT-banned addresses by MistTrack. It is an anti-money laundering tracking system developed by SlowMist AML, and used in on-chain analytics to trace illicit funds. Historically, stablecoin issuers ban suspicious addresses for

May 14, 2024 2 mins read

Crypto Market Under Pressure, Investors Eyes Turn to April CPI Report

Inflation concerns persist as the U.S. Bureau of Labor Statistics gears up to unveil the April Consumer Price Index (CPI) data on May 15. The projections suggest that April’s CPI could range between 3.3% and 3.4%, the figures could amplify worries about inflation running higher than the Federal Reserve’s target

May 13, 2024 1 min read

Robert Kiyosaki Endorses Bitcoin Amid BRICS Crypto Speculation

Bitcoin (BTC) has been yet again endorsed by Rich Dad Poor Dad author Robert Kiyosaki. Despite his penchant for making such predictions, he is of the opinion that the cryptocurrency may mitigate the effects of the US dollar downfall this time. South Africa is one of the original members of

May 12, 2024 2 mins read

Investors Eye Upcoming U.S Economic Data Amid Crypto Market Volatility

Investors are waiting anxiously for important economic data to help them navigate the volatile cryptocurrency market. Important data, such as the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), is set to be released soon and might affect market dynamics, especially given the current gloomy sentiment in the

May 12, 2024 2 mins read

Reality Behind BlockDAG’s Latest Promise Amid ETH Burn Decline And XRP Market Shifts

Ethereum’s recent burn rate drop marks a notable shift, signaling potential changes within its ecosystem. Meanwhile, XRP is navigating turbulence as its resistance levels challenge the resilience of its market value. Amid these shifts, BlockDAG stands out with an innovative roadmap update, unveiling a low-code/no-code platform that simplifies the creation

May 11, 2024 3 mins read

ARK Invest and 21Shares Drop Staking from Proposed Ether ETF

Staking will not be a part of the proposed spot ether exchange-traded fund (ETF) from 21Shares and Cathie Wood’s ARK Invest. The “sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers.” was a staking component that ArkInvest/21 Shares disclosed

May 11, 2024 2 mins read

IMF Pushes for Licensing Crypto Exchanges for Economic Overhaul in Nigeria

One component of Nigeria’s economic reform package is a recommendation from the International Monetary Fund (IMF) to license international crypto exchanges. A recent report by the International Monetary Fund states that the goal of Nigeria’s effort to include crypto into its financial system is to solidify the country’s position in

May 10, 2024 1 min read

Retik Finance (RETIK) Outmatches Polygon (MATIC) By Far, Here’s Why

The decentralized finance (DeFi) sector is witnessing fierce competition among various projects, each striving to establish dominance and offer innovative solutions to users. While Polygon (MATIC) has emerged as a prominent player in the DeFi space, a new contender, Retik Finance (RETIK), has risen quickly with ambitious goals and unique

May 10, 2024 4 mins read
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