Business

More and more industry voices believe that the fate of the crypto sector will be decided after the 2024 elections in the United States. A few weeks ago, the American stock market policeman came into conflict with the two cryptocurrency giants Binance and Coinbase. Since then, the cryptocurrency industry, more …

Hong Kong on Thursday launched a new regulatory scheme that allows retail investors to trade cryptocurrency on licensed platforms, bucking the global trend of tightening rules after the industry crashed last year. The spectacular bankruptcies in recent months of the FTX cryptocurrency exchange and several US banks focused on this …

The International Monetary Fund (IMF) has approved a $3.5bn (£2.8bn) loan agreement with Ivory Coast, which it says is designed to tackle financial challenges and assist economic transformation. The West African country will receive nearly $500m immediately. Further funds will be dependent on Ivory Coast making structural changes to its …

Those responsible for the failure of Silicon Valley Bank (SVB) and the financial institution Signature Bank will be “accountable”, US President Joe Biden said. “I am firmly committed to holding accountable those responsible for this mess,” Joe Biden said in a statement, assuring that “American people and businesses can be …

South African MPs have dropped a proposed sponsorship deal with Premier League club Tottenham Hotspur which sparked a public outcry after details leaked to the media. The country’s official tourism board had conditionally approved the proposed three-year deal worth 900m South African rand ($52.5m). But critics said the amount could …

New York State has banned for a period of two years part of the “mining” activities of cryptocurrencies, the creation of virtual currencies considered too greedy in energy. This is the first US state to suspend all or part of these activities. A very energy-intensive mining activity Democratic Governor Kathy …

Surging world prices for rechargeable batteries are being blamed for the growing theft of lithium cells from mobile phone towers in Botswana., local media reported The country’s biggest mobile operator, Mascom Wireless, said the thefts were compromising the quality of its service to subscribers. On Tuesday, the Botswana police said …

The number of billionaires in China has experienced its strongest decrease in 24 years this year, according to an annual classification, while the second world economy slows down under its strict Zero Covid policy and the real estate crisis. According to the ranking established by Chinese cabinet Hurun and published …

The richest man in the world, boss of SpaceX and Tesla, Elon Musk is officially the new owner of Twitter from Thursday, October 27, 2022. The US billionaire therefore signed Thursday at the end of the day to offer himself, not without some resentment, the social network of which he …

South Africa’s financial watchdog has classified cryptocurrency assets as financial products, a notice in the government gazette said on Wednesday, enabling them to be regulated., Reuters reported In the brief notice, the Financial Sector Conduct Authority (FSCA) said a crypto asset, which it referred to as “a digital representation of …