The government formed a working group to draft crypto rules because of concerns that Kenya lacks a framework for regulating the cryptocurrency industry. The nation’s authorities in East Africa are optimistic that the legislation that have been passed will name a single regulatory agency to supervise the cryptocurrency sector. Kenyan Financial System Is Threatened by … Read more
On February 21, the American financial technology company Circle announced that it will no longer offer USDC on the Tron blockchain. Only a few months ago, Circle denied rumors that it was the bank of Justin Sun, the creator of the Tron blockchain. Circle stated that it is still dedicated to building the stablecoin and … Read more
Tom Lee, head of research at Fundstrat, has reiterated his forecast for the price of bitcoin to reach $15,000. He believes that the cryptocurrency may hit that mark this year. He gave three main justifications for his optimistic price prediction. Referring to bitcoin as “sound money,” he highlighted its extreme security, potential as a risk … Read more
As the cryptocurrency market experiences ups and downs, the price of bitcoin on February 21, 2024, is a reflection of the intricate interactions between several market factors. With prices fluctuating between $50,820 and $52,902 over the course of a day, the top cryptocurrency is still seeing a lot of trading activity. With a market valuation … Read more
CME Group announced plans on Tuesday to launch micro-euro-denominated bitcoin and ether futures, which are scheduled to launch on March 18 if regulatory approval is received. These euro-based offerings, which each represent a tenth of the value of the corresponding cryptocurrency, will be identical to their dollar-based counterparts in the United States. CME Group Announces … Read more
Artificial intelligence (AI) cryptocurrency assets have seen a sharp increase in value over the past 17 days, adding $10.21 billion to their total market value. This spike coincides with the release of Openai’s most recent invention, a generative AI-driven program that can turn text into video. The AI Cryptocurrency Market Soars at a 142% Growth … Read more
One of the best proof-of-stake blockchains, Solana, has integrated Filecoin, a decentralized file-saving blockchain system, so that third-party programs can access its block history. By utilizing a decentralized solution like Filecoin, Solana will be able to achieve better redundancy and scalability for a portion of its data collection, according to Filecoin. Filecoin Integration by Solana … Read more
Global cryptocurrency funds saw record inflows of $2.45 billion last week, an unusual spike that indicated a sharp increase in investor interest. Due to this inflow, the total assets under management (AUM) has surged to levels not seen since December 2021, indicating a robust recovery in the cryptocurrency market. Record $2.45 billion in inflows propel … Read more
The Worldcoin project’s WLD token surged 142.7% this week against the US dollar, topping the leaderboard as the biggest gainer of the week. The digital currency bitget token (BGB), which had a rise of slightly more than 58% in the previous week, was right behind it. On the other hand, Astar (ASTR) dropped 6.4%, which … Read more
According to a recent article, a number of cryptocurrency mining companies looking to open operations are showing interest in working with Denton Municipal power (DME), a community-driven nonprofit power provider in Texas. These businesses are looking to power their mining operations with a five-year agreement. Talks Between Texas’ Denton Municipal Electric and an Unidentified Crypto … Read more