Data released Wednesday showed signs of European inflation worsening as consumer prices rose rapidly in September from a year earlier to nearly 11%. The cost of food increased by almost 16%, while energy prices surged by around 40%. More than the cost of a basic loaf which costs 1 euro, now costs 1.30 euro, the prices of most essential food staples are now up nearly 19% from a year ago, which is the fastest rise on record according to Eurostat, Europe’s statistics agency, as Russia’s war in Ukraine has been a significant factor behind the increase in rolling energy markets…
Author: Millicent Odife-Martins
As the nations of the United Kingdom battle with the rapid increase in food prices, high energy costs, and political uncertainty, consumer prices rose 10.1% in September from a year earlier. The inflation is expected to climax next month at a slightly higher rate, witnessing a reversal in the government policy to hold down household energy bills. Prices are pushed higher by a significant increase in the cost of food and, to a marginal extent, in hotel and restaurant bills in September. According to the Office for National Statistics, food prices increased by 14.5% last month, making it the most…
The veteran investor Jim Rogers, who co-founded the Quantum fund with billionaire investor Goerge Soros stressed that the bear market has been one of the worst this year and predicted the weakening of the U.S. dollar. He expects the bear market to worsen and companies to go bankrupt. In regards to the stock market, he recalls when the stock had done nothing for an extended period while noting that stocks do not have to go up all the time as many bear market has emerged and another is coming soon. While expressing he is not making a prediction, Rogers suggests…
In February 2022, the South African National Treasury confirmed the intent of declaring cryptocurrency as a financial product to enhance the monitoring and compliance of transactions of crypto. In a notice shared by the financial sector conduct authority (FSCA) under the financial advisory and intermediary services act, 2022, South Africa’s financial regulator declares bitcoin as a financial product in South Africa effective from Wednesday, 19th October 2022. Under the financial advisory and intermediary service (FAIS), a financial product is defined as any money-making instrument or an instrument conferring rights to securities and instruments. It can be offered by financial service…
Magnus Granath, a pseudonymous Norwegian bitcoiner known on Twitter as “Hodlonaut,” sued Craig Wright in Oslo, Norway, on September 12, 2022. Magnus, who began tweeting that Wright was a fraud in 2019, said he could not be the pseudonymous creator of bitcoin, Satoshi Nakamoto, as his lawyer Orjan Salvesen Haukaas in an opening statement to Judge Helen Engebrigtsen, explained. Craig Wright lacks a connection to Bitcoin and presents documents from Wright’s previous legal battles while pointing out tweets at odds with Nakamoto’s thinking. Granath experienced a lot of support from the bitcoin community since Wright answered by sending lawyers to…
In a recent tweet, the CEO of Botmecash and co-founder of Satoshi’s Journal, Oluwasegun Kosemani asked people to make a decision between $1,000,000, 40 pounds of Gold Bar, and 50 Bitcoin. He also asked responders for the reason for selecting their option. The tweet attracted 174 replies and counting, and the comment section is flooded with answers and reasons. Some people chose $1,000,000 dollars and were willing to wait for a dip to buy more bitcoin, pay off bills, open up business, buy gold, guns, properties, food and drinks. These people should consider the cons of having fiat currency. Fiat…
Machankura, a South African word for “money,” is an SMS based service and South Africa’s first USSD service spread across Africa enabling people to send bitcoin P2P using their phone numbers on USSD. This is widely available on feature phones and is becoming very popular across the African continent. This gives those without internet access an opportunity to transact with bitcoin. The service is available in countries like Ghana (*920*8333#), Kenya (*483*8333#), Malawi (*347*8333#), South Africa (*134*382*382#). Uganda (*284*8333#), Tanzania (*149*46*26#), Zambia (*384*8333#), Nigeria (*347*8333#) and most recently in Namibia, (*142*8333#). Machankura turns your phone into a Lightning wallet which…
In light of the current market conditions, Binance, the world’s leading crypto exchange, has announced a plan to extend financial support to companies involved in extracting cryptocurrencies. The Binance pool initiative will launch a $500 million lending project to help Bitcoin mining and infrastructure providers as part of their effort to strengthen the mining industry. This is Binance’s first pool initiative with responsibilities to help maintain a healthy digital ecosystem and offer secure debt financing services to both public and private blue-chip Bitcoin mining and digital asset infrastructure companies worldwide. Miners will be required to provide security satisfactory, either physical…
Nigeria still ranks 6th in the world regarding global Bitcoin trade. Many non-Nigerians joined in on the Nigerian Bitcoin community via Twitter space hosted by Global Bitcoin Fest. The community witnessed Nigerian Bitcoin maxi’s like Mary Imasun, a podcast host for Bitcoin Gamer Chat Podcast, nobcast for Bitnob and co-host Satoshi’s Journal, Abdul Nur Khalil, a Bitcoin core contributor Recursive Capital, btrustteam, and Qala, Tochi a Bitcoiner and growth marketing strategist Paxful, Heritage Falodun, CEO of Digioats, contributor for BitcoinMagazine, Black Bitcoin Billionaires, and BitcoinInAfricaShow, Oluwasegun Kosemani, the CEO of BotMeCash, and co-founder of Satoshi’s Journal and Ramadan of Recursive…
On October 6th, Satoshi’s Journal, a Bitcoin only education and news company based out of Nigeria, hosted a scheduled Twitter Space called “The Orange Sun.” The goal of this space was to educate others on the topic, “Why NFTs are SCAMS.” The space was opened for Bitcoiners and NFT enthusiasts to share their opinions on the technical issues with NFTs which is one of the major reasons why NFTs are being called scams. NFTs are non-fungible tokens, or unique receipts that can be used for trading pieces of digital art via a blockchain. On The Orange Sun, @Jerimican5445, the CEO…