Bfree, a Nigerian tech startup that promotes ethical debt recovery, secures $3M in funding
In the bustling tech landscape of Nigeria, Bfree stands out as a beacon of innovation and ethical practice in the debt collection industry. Founded with the vision to revamp the…
Shido Token’s Value Tumbles by 94% Following Ethereum Staking Contract Breach
In a startling turn of events, the Shido blockchain, a layer-1 entity, witnessed a dramatic plunge in its token value, nosediving by up to 94% within a mere half-hour. This…
Bitcoin Surpasses $60K Mark for the First Time in Two Years
For the first time in more than two years, Bitcoin has crossed the $60,000 threshold, marking a significant milestone in its price trajectory. As of 1:00 pm UTC, the cryptocurrency…
Ethereum’s Recent Performance Against Bitcoin: Analysis and Implications
Ethereum’s native cryptocurrency, Ether (ETH), has exhibited significant momentum against Bitcoin (BTC) in recent weeks, marking a notable gain of over 20% since Feb. 12. This surge has been largely…
Navigating the Crypto Regulatory Landscape: Insights and Challenges in Nigeria
Nathaniel Luz, co-founder and Chief Marketing Officer of Flincap, a local crypto over-the-counter (OTC) platform, is urging the Nigerian government to address the licensing hurdles faced by local exchanges, rather…
As Bitcoin Maintains its Position Over $51K, ETH, UNI, FIL, and GRT Showcase Bullish Momentum
After a vigorous two-week rally, Bitcoin is currently experiencing a slight pause in its ascent, stabilizing around the $52,000 mark. Despite attempts by bears to initiate a correction, the bulls…
Grayscale’s Bitcoin ETF Experiences Decreased Withdrawal Activity Since Its Conversion
Grayscale’s Bitcoin Trust (GBTC) has recently marked a significant decrease in withdrawal activity, reaching the lowest levels of outflows observed since its transition to an exchange-traded fund (ETF) format. This…
STRK Token Sees Uptick as StarkWare Revises Unlock Schedule Following Community Feedback
In a significant move that underscored the power of community engagement within the blockchain space, Starknet‘s STRK token witnessed a 10% surge on Thursday. This uptick came on the heels…
Worldwide Debt Soars to Unprecedented $313 Trillion, According to Institute of International Finance
In a remarkable reflection of the global economic landscape, worldwide debt levels have surged to a historic peak of $313 trillion in 2023, as reported by the Institute of International…
Global Stocks Stagnate Amid Inflation Concerns and Modest Gains in China
On Monday, global stock markets experienced a sluggish start, hampered by diminishing prospects for early interest rate cuts and only slight advancements in Chinese markets as they reopened post-Lunar New…
Resurgence in the Global Semiconductor Manufacturing Sector Anticipated in 2024, According to Semi’s Forecast
In a recent development that spells positive news for the technology sector, the global semiconductor manufacturing industry appears to be on the brink of a significant recovery. This revival is…
Saudi Arabia’s Explanation for Oil Capacity U-Turn
In Dhahran, Saudi Arabia, on February 12th, the Kingdom’s Energy Minister attributed the shift in Saudi Arabia’s oil capacity expansion plans to the ongoing energy transition. Prince Abdulaziz bin Salman…
Opec+ Set to Assess Continuation of Oil Production Cuts in March, Maintains Current Output Policy
On February 1, sources from Opec+ revealed plans to evaluate the continuation of voluntary oil production reductions in March. These cuts, amounting to approximately 2.2 million barrels per day (bpd)…
Global Factory Activity Shows Mixed Results in January
The beginning of 2024 saw a varied performance across global manufacturing sectors, highlighted by the latest surveys released on February 1. Weak demand from China impacted Asia’s economic stability, while…
IMF Anticipates Global ‘Soft Landing’ on Horizon, Revises Upward 2024 Economic Growth Forecast
On Tuesday, the International Monetary Fund (IMF) slightly raised its global economic growth forecast, enhancing the projections for the United States and China, the globe’s primary economic powerhouses. This revision…
Sony Ventures allocates $10 million for investments in Series B rounds of African entertainment startups.
Sony Group has unveiled the creation of the Sony Innovation Fund: Africa (SIF: AF), a program designed to bolster the growth of entertainment ventures in Africa. The Tokyo-based multinational conglomerate,…