news Archives - Cryptotimes Africa

News

Backpack Announces Acquisition of FTX EU, Expands Crypto Trading Across Europe

by Terry Kunle January 7, 2025

Backpack Exchange, a fully regulated global cryptocurrency exchange, today announced the successful acquisition of FTX EU, the MiFID II-licensed former European arm of FTX. Approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), this acquisition marks a major milestone in…

News

New Bitcoin-Cardano Bridge Just Launched

by 'Femi Michael October 25, 2024

There have been talks of expansion within the Cardano blockchain for several months. In line with the community’s expectations, EMURGO, the commercial arm of Input Output Global, has partnered with BitcoinOS to launch a bridge for the layer-1 network. Bridge Cardano and Bitcoin As uncovered…

News

2024 BRIC Summit: Over 30 nations set to defy western dominance

by 'Femi Michael October 24, 2024

The global geopolitics is undergoing a profound transformation, and the BRICS, this group of emerging powers, are at the heart of this dynamic. As economic and political tensions with the West continue to grow, more than thirty countries have expressed their desire…

News

Central Banks Are Secretly Mining Crypto Currencies

by 'Femi Michael October 24, 2024

It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here’s why: Hedging Against Their Own Policies Nearly all countries are up to their ears in debt. Since austerity measures are not politically acceptable, they must find other…

News

80MW Bitcoin Mining Facility in Ethiopia by Bitfufu

by 'Femi Michael October 24, 2024

Nasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant shift for the company as it transitions from an asset-light strategy to…

Coins

Billionaires Bought Ethereum, Solana and Dogecoin

by 'Femi Michael October 24, 2024

Big news in crypto: whales are doubling down on Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE). ETH, SOL, and DOGE are maintaining their dominance, with billionaires accumulating large holdings across these major tokens. Meanwhile, the market spotlight seems to love JetBolt (JBOLT) lately, a…

Article Coins

DOGE and SHIB Price Struggles While RXS Continues to Hit New Highs

by 'Femi Michael October 24, 2024

As the market downturns, the price of Dogecoin and Shiba Inu, two of the most popular meme coins, remains under huge pressure, making any investors impulsive. From its previous high of $0.22, dogecoin has plummeted by 64.85%, while Shiba Inu has even…

News

Stablecoins Legislation: US Rep Provides Timeline

by 'Femi Michael October 24, 2024

US Congressman French Hill has revealed when the Stablecoin bill be passed in the US congress amid the growing stablecoin market. US Congressman French Hill, who serves as the Chairman of the House’s Subcommittee on Digital Assets, has provided a timeline for…

Coins News

Tesla Bitcoin Reserve Unchanged In Q3 2024

by 'Femi Michael October 24, 2024

Elon Musk Tesla confirms its 11,509 BTC holdings remain intact after wallet transfers for security, while reporting strong Q3 growth. Tesla has confirmed that its Bitcoin holdings remain intact, despite recent wallet movements that sparked speculation within the cryptocurrency community. As per…

Bitcoin News

Russia Plans To Use Bitcoin To Evade Western Sanctions

by 'Femi Michael October 24, 2024

Russia leverages Bitcoin to bypass western sanctions, boosting crypto mining and cross-border payments at the BRICS summit As global tensions rise, Russia is increasingly turning to Bitcoin and other cryptocurrencies as a way to sidestep Western sanctions. This development is a major…