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Kenya to deal with the MSCI-regulated FDI inflow warning


Kenya is seemingly up against a foreign direct investment (FDI) related dilemma according to the information released by the New York-based Morgan Stanley Capital International (MSCI) Inc.,. For this very reason, the country has come under a watch list. It is now one of all identified markets which...

Deribit hacked for $28m; Company reserve covers loss


Deribit recently became a victim of the hacking attack as its hot wallet was compromised for funds worth $28 million in value. The Incident reportedly happened in the late evening of November 01, 2022. Deposits have been halted and are estimated to reopen soon after the platform is confident of...

Natural Gas Price Hike Hits Crypto Miners in Iran


Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs...

EUR/USD: Chances of further strength now look diminished


The current economic situation of the Euro region  The EU economy is anticipated to continue expanding, although at a significantly slower rate than predicted in the Spring 2022 Forecast. The rating agency predicted that the GDP of the eurozone will stagnate in the last quarter of 2022 and...

Bitcoin Price and Ethereum Prediction – BTC to Hit $21,000 Post-FOMC?


On November 3, the Bitcoin price fell sharply following the Fed's interest rate hike decision, but the losses were short-lived as BTC reclaimed pre-FOMC trading levels. The Fed was widely expected to raise interest rates by 75 basis points, and the majority of that was already factored in, limiting...

South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets


Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses the Bitcoin Lightning Network which is said to be suitable for “high volume, low-value transactions.”...

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