Gold Surges to Record High Amid Safe-Haven Demand

October 21, 2024 Bitcoin.com

bitcoin.com

Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election. This sentiment also fueled a rise in silver prices, […]

MicroStrategy completes billion convertible notes offering to buy more Bitcoin

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

New Hampshire AG Joins Calls to Designate Jailed Ex-Federal Agent as Hostage

October 21, 2024 Bitcoin.com

Binance

New Hampshire Attorney General John M. Formella and 17 other state attorneys general are urging the Biden Administration to designate Tigran Gambaryan, a detained U.S. citizen, as a hostage. The AGs express deep concern for his well-being and safety, given his prolonged detention in Nigeria without formal charges. Gambaryan, a former law enforcement officer with […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

AED Stablecoin Gets Green Light From UAE Central Bank

October 15, 2024 Bitcoin.com

AED

AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Kenya Launches Digital and AI Skills Center

October 13, 2024 Bitcoin.com

Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public sector employees with digital and AI skills to improve service delivery across Africa. It aligns with Kenya’s National Digital Master Plan and focuses on topics […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Jailed Binance Employee’s Bail Application Denied Despite Medical Needs

October 12, 2024 Bitcoin.com

Binance

The judge in Abuja denied bail to Tigran Gambaryan, the jailed Binance employee and a U.S. citizen unlawfully detained in Nigeria. Despite meeting all the medical requirements for bail, the judge’s decision contradicts established Nigerian legal precedents. Gambaryan’s health has deteriorated significantly in prison, and he requires medical treatment that the prison cannot provide. His […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Nigeria Central Bank Governor Defends Naira Float Decision

October 9, 2024 Bitcoin.com

bitcoin.com

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market trust. He highlighted the positive impact of the decision on reducing […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Zimbabwe Injects $50 Million to Bolster Devalued Currency

October 6, 2024 Bitcoin.com

Zimbabwe Injects Million to Bolster Devalued Currency

bitcoin.com

The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have no existing nostro balances before bidding for […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Nigeria to Launch $1.5M Initiative to Boost AI Development

October 5, 2024 Bitcoin.com

Nigeria to Launch .5M Initiative to Boost AI Development

AI Adoption

Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global foundation, will be launched on Oct. 7 in Abuja. The move came after the Ministry launched a $61,780 AI Fund in collaboration with Google, […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

All-Women AI PhD Program Launches in Africa

October 4, 2024 Bitcoin.com

Africa

A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Aussie Bank Joins MAS’ Digital Asset Interoperability Project

October 2, 2024 Bitcoin.com

bitcoin.com

The Australian financial institution ANZ Bank has joined Project Guardian, a Monetary Authority of Singapore (MAS) initiative exploring the digitization of financial markets. In partnership with Chainlink Labs and ADDX, ANZ will investigate the interoperability of private blockchains for exchanging tokenized assets like commercial paper. ANZ aims to contribute to developing a stable, secure digital […]

Newsbyte-3