Africa is catching up fast to the Web3 economy, and Kenya, which is considered a third-world country, is first in line. Bitcoin is beginning to take hold in Nairobi’s Kibera slum, thanks to Afribit. In Nairobi’s sprawling Kibera slum, one of Africa’s most densely populated and underserved urban settlements, an unconventional solution is taking root.
Bitcoin’s blockchain recorded one of the biggest moves of recent weeks as a total of 4,999 BTC, valued at $567,998,549 based on a reference price of $113,800 per coin, was transferred from a well-known whale address to a wallet that had never held coins before. To say the least, the sender’s wallet is long accustomed
A long-term Bitcoin indicator tracked by analyst bitcoindata21 is close to flashing again, pointing to the possibility of another price surge. The signal is triggered whenever the market touches a yellow upward trendline that has historically marked the beginning of major rallies. This observation comes at a time of subdued sentiment in the crypto market,
Fed Pushes Back on September Rate Cut A senior U.S. Federal Reserve official made it clear: “With current data, there’s no case for a September rate cut.” Inflation remains sticky, and the labor market is still resilient, giving the Fed little reason to ease up. For crypto, that’s bad news. A delayed cut means tight
Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that rising institutional interest could break the pattern, according to onchain analytics firm Glassnode. “From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday. Bitcoin shows signs of cool
Popular American entrepreneur and founder of Professional Capital Management, Anthony Pompliano, emphasizes Bitcoin’s dominance in the crypto market, stating that BTC will continue to remain the king. Pompliano made the bold assertion today during his appearance on CNBC’s Squawk Box, while pushing back on the old ‘blockchain, not Bitcoin’ narrative, which was popular during the
The Smarter Web Company, a London-listed web design and marketing firm, has tapped Bitcoin analyst Jesse Myers to steer its Bitcoin strategy and investor messaging as it formalizes a cash-and-Bitcoin treasury policy. “I firmly believe that there will be a dominant Bitcoin treasury company in each capital market in the world,” Myers said in a
The corporate use of cryptocurrencies is evolving beyond payments, with a number of businesses adopting bitcoin BTC$112,951.37 and other digital assets as core treasury reserves. A report Thursday from rating company Morningstar DBRS cautions that this strategy could heighten credit risk profiles. According to BitcoinTreasuries.net, roughly 3.68 million BTC (worth about $428 billion as of