Exploring Cardano’s Potential in the African Market Then came blockchain technology, and Cardano – a third-generation blockchain platform – is the most exciting of them all. In Africa, Cardano is making huge strides, doubling down on its greatest potential in sub-Saharan and equatorial Africa, including parts of Sudan, Ethiopia, Ghana, Nigeria, Kenya, Uganda, Malawi, Congo […]
Despite worries over a possible debt spiral and trepidations at the White House, stock markets have flirted with all-time highs lately, aided by nudges from Federal Reserve chair Jerome Powell that he would consider cutting interest rates in September. The second quarter reporting season closes next week but investors are watching more than just the
By 2024, the stock market has seen a parade of stock splits, spurred by the high-flying (and highly speculative) artificial intelligence (AI) sector and the fading threat of inflation, rendering expensive stocks more affordable to buy if they divide the stocks into more affordable pieces. The computer chip manufacturer Nvidia split its stock 10-for-1, and
On Friday, Bitcoin’s price fell as low as $57,030.3, representing a 1.3 per cent decline over the preceding 24 hours, and marking the fifth straight week of losses. A looming fear of a sell-off, following the distribution of tokens by the now-insolvent Mt Gox exchange and pressures on large Bitcoin miners who might need to
With the crypto market’s recent uptick, millions of dollars in bitcoin have been going into the market through the purchase of Bitcoin ETFs. On 11 July, nine Bitcoin ETFs upped their holdings by 1,661 BTC, or nearly $95.82 million. This included an inflow of 1,006 BTC into Fidelity’s assets which now stands at a total
Macro numbers have provided mixed clues about US conditions. While the Producer Price Index (PPI) ended March with a surprising uptick showing underlying inflationary pressures remained stubbornly high, inflation as indicated by the Consumer Price Index (CPI) seemed to show a slight deceleration. The revelations append to discussions about how the delayed effects on markets
The Potential of Renewable Energy Sources in Cryptocurrency Mining From the monetisation of art to scarcity-based collectibles and games, cryptocurrencies bring into play a new option for thought, as well as new risks and problems in the energy sector. Energy consumption has become the main contested issue of cryptocurrency mining today. The lion’s share of
Cryptocurrency scam ads featuring the image of the mining magnate Andrew Forrest in Australia reportedly cost Australians tens of millions of dollars. Forrest, who has been vocal about what he sees as an abdication of local responsibility, sued the parent company of Facebook (now Meta) in California over the use of his image in the
Bitcoin recovered some of its losses this year, which gave a boost to other popular cryptocurrencies, such as Ethereum and XRP. At the same time, analysts are worried that the crash that might hit the market would be extremely devastating. The bitcoin price dropped below $60,000 after it reached record highs above $70,000. The drop
MicroStrategy, one of the largest bitcoin holders, declared its 10-for-1 stock split (for both the class A and class B shares) for stockholders of record as per 2 August. Effective 2 August, investors will get nine additional shares for every share they own as of 2 August and the adjusted trading will start on 8
