BITCOIN

Ethiopia has joined Egypt and Algeria in applying to become a member of Brazil, Russia, India, China and South Africa (BRICS) economic bloc. According to the Ethiopian Foreign Affairs Ministry, joining the bloc would help the country guarantee its national interests. Safeguarding Ethiopian National Interests Ethiopia, which has one of Africa’s fastest-growing economies, has become the latest African country to seek to join the Brazil, Russia, India and South Africa (BRICS) economic bloc. The North East African country, which has waged a bloody war against Tigray rebels, joins Egypt and Algeria in seeking to join BRICS. According to a report in The East African, the country’s Foreign Affairs ministry believes joining a global institution such as BRICS will help advance Ethiopian national interests. “As a country that has been a founding member of global institutions like the AU [African Union] and the UN [United Nations], and as we seek to guarantee our national interests, it is

Social media giant Twitter has imposed limits on user accounts due to “extreme levels of data scraping and system manipulation,” said Tesla CEO and Twitter chief Elon Musk. The billionaire “has no idea the DARPA rattlesnake he just stepped on by doing this,” a censorship expert stressed, revealing that the U.S. censorship industry needs to “scrape hundreds of millions of tweets” in order to “build their social media censorship death star.” Twitter Imposes Rate Limits Citing ‘Extreme Levels of Data Scraping’ Tesla CEO and Twitter chief Elon Musk has stirred up controversy by implementing temporary rate limits on the number of tweets users can read daily. The billionaire explained in a tweet on Saturday that these limits were introduced to combat excessive data scraping and system manipulation on the social media platform. Verified Twitter accounts can read up to 6,000 posts per day, while unverified accounts are limited to 600 posts, and new unverified accounts can only read 300 pos

Venture capitalist Tim Draper has adjusted his projected timeframe for bitcoin’s price to reach $250,000. Maintaining an optimistic outlook, Draper still expects the world’s largest cryptocurrency to reach his predicted price target but acknowledged that it may take “a little longer.” Tim Draper’s $250K Bitcoin Price Forecast Venture capitalist Tim Draper has adjusted the projected timeframe for his bitcoin price prediction. He tweeted Friday that when the price of bitcoin was $4,000, he predicted that it would climb 60 times and reach $250,000 by now. However, BTC ended June below $31,000. “I guess we have to wait a little longer,” he wrote, adding that it may take two more years for his $250K prediction to come true. Draper previously predicted that the price of bitcoin would reach $250K by the end of 2022 . However, he acknowledged on Dec. 31, 2022, that his “$250k by 2022” forecast for bitcoin was “off by a bit.” Nonetheless, he insisted that the price of BTC will “certainly

Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much as 59% believe scams are among the main barriers stopping many from dabbling with cryptos. Just under half of the respondents (48%) named the crypto market’s volatility as one of the most significant barriers to entry. Respondents See Financial Trading as a Requisite Skill According to the findings of Consensys’ survey on crypto and Web3, about 40% of South Africans are “familiar with the concept of Web3.” Overall, the survey found that “there are high levels of awareness of all Web3 concepts” among interviewed South Africans. Metaverse is the term that most of the respondents are familiar with and this is followed by non-fungible tokens (NFTs) and Web3. However, when asked about the set of skills that one needs to

According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on Friday that this year’s expo is expected to generate $19 billion in deals. Annual Trade Event Between Africa and China Highlights ‘Western Smears’ and Multi-Billion-Dollar Trade Deals After 2010, trade between Africa and China increased a great deal and in 2011, trade between Africa and China increased by 33% from the previous year to $166 billion. The following year, trade increased further by over 22% year-over-year. China and Africa have significantly increased their trade in 2023 through a variety of initiatives and investments. Reports further indicate that China aims to surpass the European Union as Africa’s largest trading partner by 2030. Trade between China and Africa grew by 9% year-on-year to reach $94.4 billion in the first four mon