Category: News

South African Regulator Investigates 30 Crypto Entities Amid Growing Concerns

Sandra Takyiwaa

In a significant move aimed at tightening the regulatory grip on the fast-evolving crypto industry, the South African Financial Sector Conduct Authority (FSCA) has launched an investigation into 30 crypto-related entities operating in the country. This comes amid increasing scrutiny and calls for more stringent regulations in the volatile world of cryptocurrencies. Growing Crypto Adoption and Regulatory Challenges South Africa, a leader in cryptocurrency adoption on the African continent, has seen a surge in crypto trading and investment activity over the past few years. Despite the rapid growth, it has…

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New Meme Coins to Watch: Binance Lists Neiro, Turbo, and Baby Doge Meme Tokens

Sandra Takyiwaa

The listings of Neiro, Turbo, and Baby Doge represent Binance’s recognition of the influence and growth of the meme tokens ecosystem. By adding this tag to Neiro, Turbo, and Baby Doge, Binance highlights these tokens’ speculative nature while signaling the exchange’s confidence in their long-term viability. In a thrilling update for crypto enthusiasts, Binance, the world’s largest cryptocurrency exchange, has officially listed three meme tokens: Neiro, Turbo, and Baby DogeCoin. Along with the listing, these tokens have been given the “Seed” tag, signaling their early-stage potential. This move showcases Binance’s…

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FET (ASI) Eyes $5 Milestone as NVIDIA Earnings Loom, $WEEBS Grows Quietly

John K Kumi

In the last seven days alone, FET has surged by over 51%, reflecting increased investor confidence in its long-term potential. As the crypto world gears up for NVIDIA’s earnings announcement, the market’s attention is sharply focused on certain key players expected to experience significant volatility. Among them, Fetch.ai’s rebranded token, ASI (formerly FET), stands out as it inches closer to the crucial $5 mark. Simultaneously, $WEEBS, a lesser-known token, is steadily building momentum in the Web3 anime and gaming sectors. NVIDIA Earnings: A Catalyst for Crypto Movements NVIDIA, a leading…

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Can XRP Hit $15 by 2025? A Comprehensive Price Analysis

John K Kumi

Can XRP reach $15? The price of XRP has experienced a rollercoaster ride in the past couple of years, largely due to market volatility and the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The question on many minds now is whether XRP can reach the ambitious price target of $15 by 2025. In this analysis, we’ll explore the key factors that could influence XRP’s price trajectory over the next year. The Impact of the Ripple vs. SEC Lawsuit The Ripple vs. SEC lawsuit has…

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XRP and SOL Could be in Line for Possible ETFs, says Standard Chartered

Kofi Ansah
ETFs

Geoffrey Kendrick, an analyst with Standard Chartered believes SOL and XRP are the next most likely coins to gain spot ETF approval. Standard Chartered (STAN) has tipped Solana (SOL) and Ripple’s XRP as the next candidates that could gain spot ETF approval. Following the recent approval of spot Ether Exchange-Traded Funds (ETFs) late last month by the US Securities and Exchange Commission’s (SEC), there has been an unending discussion within the crypto space as to which cryptocurrency could be prime positioned for an ETF approval. There has since been a…

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XRP to Hit $100? Analyst Says Asset Can Cross to $10,000

Kofi Ansah
XRP

crypto analyst JackTheRippler predicts that XRP can rise as high as $100 or even $10,000 after the Ripple vs SEC lawsuit. Ripple recently launched the XRPL EVM sidechain, a product that is capable of handling over 1,000 transactions per second.  Ripple’s XRP has been facing a massive challenge in breaching critical resistance level in the past couple of years. The once bright project which was earmarked to be a major success, has now been battling an uphill journey to get back to its glory days. Despite the crypto market embarking…

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Death of Fiat ($DOF) Set to Debut on Solana Blockchain: 100000x After Fairlaunch Presale?

John K Kumi

Did you miss coin rallies like Doge, Shiba Inu, or Bome? Then check out the $DOF Project because it’s more than just a memecoin! 100000x?! A New Era in the Crypto World: Fiat Killer, Death of Fiat ($DOF) Crypto Coin Launches on May 30, 2024:  *Fairlaunch Presale and Unique Features* The cryptocurrency sphere is poised for a significant moment: On May 30, 2024, at 17:00 UTC, the $DOF Coin will debut on the Solana Blockchain. This occasion not only ensures a fair presale but also introduces pioneering features set to…

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Hong Kong Gives Greenlights for its First Bitcoin, Ethereum Spot ETFs

Kofi Ansah

Hong Kong, on Monday, approved several spot Bitcoin and Ethereum exchange-traded funds(ETFs), the latest development in its quest to become a major cryptocurrency hub. The Hong Kong Securities and Futures Commission (SFC) officially granted these approvals to China Asset Management (Hong Kong), Bosera Capital, and HashKey Capital Limited, as well as an in-principle approval for Harvest Global Investments. “The introduction of the Virtual Asset Spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong’s status as an international financial center and a hub for…

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Nigeria, South Africa, and Kenya Lead the Way as Africa’s Most Crypto Nations

Kofi Ansah

Nigeria remains the undisputed king of crypto in Africa with far and away the highest number of crypto users/holders in all the continent. Interestingly, Africa’s four powerhouse economies are the four countries with the most crypto holders – Nigeria, SA, Kenya, and Egypt, respectively. Bitcoin continues to hold or maintain a respectable valuation and is currently the brightest of all cryptocurrencies. The world is still going crazy for virtual currencies and Africa, the leapfrog continent, never to be left too far behind, has emerged as a crypto haven. Interestingly, the…

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AFRICA: UN Trade Body Cautions Developing Countries Against Cryptocurrencies, Here is Why!

John K Kumi

According to the UN, there should be a need to regulate cryptocurrencies in Africa, exchanges, digital wallets, and decentralized finance. Countries should also prevent regulated financial institutions from holding cryptocurrencies which include stablecoins or offering related products to clients.  Cryptocurrencies in Africa are growing at an exponential rate. As this signifies the dawn of new financial technology on the Continent, the United Nations think otherwise. According to the UN Conference on Trade and Development (UNCTAD), if cryptocurrencies become a widespread means of payment and even go as far as replacing…

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