Tesla Suspends Production at Berlin Factory Due to Red Sea Crisis Berlin — Tesla announced that it will be halting most car production at its factory near Berlin from Jan. 29 to Feb. 11. This decision comes as a result of a shortage of components caused by disruptions in transport routes due to recent attacks…
Gary Gensler’s Comments on Bitcoin The Chairman of the SEC Speaks Out Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), recently called Bitcoin a “speculative, volatile asset”. This statement comes after the SEC approved the trading of the first-ever spot Bitcoin exchange-traded funds (ETFs). While the approval of Bitcoin ETFs is a…
Exploring the Phenomenon of Ethereum Whales The Rise of Ethereum Whales During Market Downturn During a recent market downturn, Ethereum whales capitalized on the opportunity, amassing an impressive $1 billion in holdings. Cryptocurrency analyst Ali’s data for December revealed a consistent upward trend, showcasing an increase of over 410,000 ETH in holdings by Ethereum whales….
The Drama of Bitcoin ETFs: A Rollercoaster Ride for Crypto Investors Buckle up, folks! It’s been a wild ride in the world of cryptocurrency lately, especially when it comes to the long-awaited bitcoin exchange-traded fund (ETF). The latest news has brought a mix of relief and drama for both investors and industry insiders. So what’s…
BitGo receives in-principle approval in Singapore Singapore’s financial regulator has granted crypto custody firm BitGo an in-principle approval. The licence allows BitGo to operate as a Major Payments Instutition (MPI) provider in the country. Digital asset custody provider BitGo has received a regulatory nod from the Monetary Authority of Singapore (MAS). The crypto company said…
The Implications of Fake SEC Tweet on the Crypto Market Introduction On Tuesday, the crypto market was taken by storm when a tweet emerged from the official X (formerly Twitter) account of the United States Securities and Exchange Commission (SEC) saying all Spot Bitcoin ETF applications had been approved. This had been initially followed by…
The Source of the Nile Women in Agribusiness Expo to Run Alongside NAM and G77+China Summits Exciting News for Women Entrepreneurs in Uganda The Source of the Nile Women in Agribusiness Expo is expected to run alongside the 19th Non-Aligned Movement (NAM) and G77+China summit slated to be hosted in Kampala come January 15, 2024….
Ethereum at a Crossroads: A Breakout on the Horizon? The Current State of Ethereum Ethereum (ETH) is currently at a crossroads that could define its trajectory in the coming weeks. Renowned crypto analyst Michaël van de Poppe has shared a notably bullish perspective, highlighting Ethereum’s approach to its 2022 low as a potential springboard for…
