Category: Pan African Banking
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Justin Sun Attacks Coinbase’s Wrapped Bitcoin
Justin Sun, the founder of Tron and BitTorrent, has launched a scathing attack on Coinbase’s newly launched wrapped Bitcoin variant, cbBTC. Sun alleges that cbBTC lacks essential safeguards and poses significant risks to users. In a series of tweets, Sun criticized cbBTC for its lack of proof-of-reserve, a mechanism that verifies that a cryptocurrency exchange…
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Some of the leading mobile money services in Africa
Disclaimer: While panafrican.email can provide a general overview of the leading mobile money services in Africa, it’s important to note that real-time revenue data can be difficult to obtain for all countries due to various factors, including: That said, based on market research and industry trends, here are some of the leading mobile money services…
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El Salvador has launched a Bitcoin certification program to train 80,000 government employees
El Salvador has launched a Bitcoin certification program to train 80,000 government employees in strategic management and public policy related to Bitcoin. The initiative, led by the National Bitcoin Office, aims to enhance the nation’s Bitcoin-driven economy and governance standards.
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“Where to invest in Africa”: Top 5 African countries most attractive for investment
The report, “Where to Invest in Africa,” compiled and published by South Africa’s second-largest bank, First National Bank (FNB). The ranking is based on the consideration of 20 indicators divided into four groups. These are current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, social conditions and human…
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Robinhood’s Q2 crypto revenue skyrocketed by 161% to $81 million, more than double its earnings from equities.
Robinhood’s Q2 crypto revenue skyrocketed by 161% to $81 million, more than double its earnings from equities. Despite a dip in user activity and a 27% drop in total trades, Robinhood’s crypto assets under custody rose by 57%. The firm is also set to acquire crypto exchange Bitstamp and expand its AI capabilities with the…
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Mapped: The World’s Largest Stock Markets (1900 vs. 2023)
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In this graphic, we visualize the world’s largest stock markets by country in 1900 and in 2023. This is based on each country’s percentage share of global market capitalization. Data for 1900…
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Top 10: Sustainable Banks
Fintech and panafrican.email takes a look at the top 10 most sustainable banks globally, highlighting their sustainable banking practices and initiatives Banks have the potential to play a pivotal role in promoting sustainability through their lending, investment, and governance practices. By prioritising environmentally and socially responsible projects, banks can drive significant positive change in various…
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Biggest Losers of the Day:
Crypto:Bitcoin: -15.91%ETH: -23.16%SOL: -21.22%BNB: -19.51%LINK: -27.87% Memecoins:BILLY: -45.59%MUMU: -43.83%MANEKI: -40.96%POPCAT: -40.19% Stocks:INTC: -26.97%TEAM: -17.76%SNBR: -17.39% Global Markets:Nikkei 225: -12.40%KOSPI: 8.77%Taiwan Stock Exchange: -8.35%FTSE 250: -4.14% BREAKING: Major trading platforms are reportedly experiencing outages. • Fidelity• E-Trade• Vanguard• TD Ameritrade• Charles Schwab
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Countries in the Middle East and Africa are withdrawing their gold reserves from the US – Houston Post
▪️ Growing concerns about the stability of the American economy are prompting governments in Africa and the Middle East to withdraw their gold reserves from the United States. The traditional status of the United States as a safe haven for finance is rapidly collapsing , statesthe American Houston Post ▪️ Among the countries that have…
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Plunder Capitalism: A Threat to Africa’s Financial Sovereignty and the Pan-African Dream
The recent discussion on “Pan African Email” regarding the privatization of the U.S. government raises a critical point: the insidious nature of plunder capitalism. This exploitative economic model, where corporations and a wealthy elite extract wealth from nations and their resources, has a long and devastating history in Africa. Here’s how plunder capitalism operates and…
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