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Africa Crypto News Week in Review:  Altvest Raises $210M To Buy Bitcoin, Luno Tokenized Stocks In Nigeria, Binance Partners With Zapper
Yahoo Finance· 2025-09-14 09:15
Group 1: Altvest Capital's Bitcoin Initiative - Altvest Capital plans to raise $210 million to establish a Bitcoin reserve treasury for its investors, following global trends set by companies like MicroStrategy and MetaPlanet [1][4] - The company aims to change its name to African Bitcoin Corp and position itself as a leader in Bitcoin investments across the continent [5][6] - CEO Warren Wheatley highlighted that traditional investment vehicles like pension funds cannot directly buy Bitcoin, but can gain exposure through Altvest's shares in a regulated manner [5] Group 2: Binance's Expansion in Africa - Binance has partnered with Zapper to enhance merchant payments in South Africa, allowing over 30,000 additional merchants to accept Binance Pay [2] - This partnership is part of Binance's strategy to expand its presence in the African market, which is crucial for its growth [2] Group 3: Luno Exchange's Tokenized Stocks - Luno Exchange has expanded its tokenized stock options to Nigeria, following a successful launch in South Africa [7] - The tokenized stocks include leading global companies like Tesla and Nvidia, addressing the need for easier investment access for individuals [8] - Luno Nigeria's CEO emphasized that this initiative allows people to invest in top global companies without the barriers of high costs and complex procedures [8]
Here's Why XRP May Dip Further Before It Climbs Back to $3.84
Yahoo Finance· 2025-09-12 16:33
Key Points XRP has gained over 770% in the past three years, but remains well below its all-time high. XRP ETFs and institutional adoption could provide long-term upside, but speculative profit-taking may pressure the price in the short term. Economic slowdowns, inflation, and market uncertainty have historically caused sharp XRP declines. 10 stocks we like better than XRP › Over the past three years, XRP (CRYPTO: XRP) has surged more than 770%, a rally that has left many cryptocurrency investors ...
Bitcoin Tops $116K, Ether Gains as Fed Rate Cut Bets Firm Up
Yahoo Finance· 2025-09-12 05:58
Bitcoin briefly rose above $116,000 on Friday after fresh US inflation data fueled expectations of a Fed Reserve interest rate cut, lifting risk assets across the board. Ether rose 2.5% to $4,519, while the overall crypto market added 1.5% to $4.1 trillion. The gains followed a week of closely watched economic releases that reinforced a shift in market sentiment. Producer price index data earlier this week showed wholesale inflation unexpectedly declined 0.1%, against forecasts for a 0.3% increase. That ...
Forward Industries Secures $1.65B for Largest Corporate Solana Treasury
Yahoo Finance· 2025-09-11 16:23
Forward Industries, a global design company, has successfully closed a $1.65 billion private placement to establish the market’s largest corporate treasury focused on Solana . The move signals a major strategic shift for the Nasdaq-listed firm, positioning it as a key institutional player within the Solana ecosystem. According to the official announcement on Sept. 11, the financing round attracted backing from a broad mix of investment firms. This deal follows earlier reports about investors preparing a ...
‘The Ingredients Are All There’: Solana May Be Set to Soar, Says Bitwise
Yahoo Finance· 2025-09-10 15:03
Solana has been a recent outperformer among major cryptos — ahead 24% over the past month — but that could just be precursor to an epic end of year run, writes Bitwise CIO Matt Hougan. "For the last 18 months, the recipe for strong returns in crypto has been clear," said Hougan. "Take one part ETP inflows, add strong corporate treasury purchases, and voilà — you get big returns." Hougan reminded that "recipe" sent bitcoin from $40,000 to its current level and ether more than tripling, and the same setup ...
easyGroup Launches Bitcoin App for U.S. Retail Investors
Yahoo Finance· 2025-09-09 14:15
Core Insights - easyGroup is launching easyBitcoin.app, a mobile platform for buying and holding bitcoin, in response to rising confidence in cryptocurrency as bitcoin approaches record highs [1][2] - A survey indicates that 88% of U.S. respondents trust bitcoin for wealth growth over the next decade, with 39% considering it a top investment choice [2][3] Company Initiatives - easyBitcoin aims to simplify bitcoin investment with incentives such as a 1% welcome bonus on recurring purchases, 2% annual rewards for long-term holders, and 4.5% APY on USD balances paid in bitcoin, supported by $2.5 million in FDIC insurance [3] - The founder of easyGroup, Stelios Haji-Ioannou, emphasizes the goal of making bitcoin investment accessible to the general public by reducing transaction costs [3] Market Context - Bitcoin was trading around $112,650 at the time of the announcement, reflecting its status as the world's largest cryptocurrency [1] - The planned U.K. version of the app is expected to launch later this year, indicating easyGroup's intention to expand its offerings [4]
Ethereum sees significant outflows as Solana and XRP shine amid $352M outflow
Yahoo Finance· 2025-09-08 23:15
An Ethereum coin is depicted being pulled into a black hole as smaller altcoins orbit around - Cover art/illustration via CryptoSlate. Investment activity in crypto funds slowed sharply for the week ending Sept. 6, with total outflows reaching $352 million despite US economic indicators pointing toward conditions that usually encourage risk-taking, according to CoinShares‘ latest report. James Butterfill, head of research at CoinShares, said weaker employment numbers and growing expectations for a Federa ...
CleanCore Solutions Announces Closing of $175,000,420 Private Placement
Globenewswire· 2025-09-05 18:00
Core Insights - CleanCore Solutions, Inc. has successfully closed a private investment in public equity (PIPE) financing, raising gross proceeds of $175,000,420 to acquire Dogecoin and integrate it into its treasury operations [1][4][5] - The transaction has established the official Dogecoin treasury of the Dogecoin Foundation and the House of Doge, which will support and advise the treasury [2][8] - Marco Margiotta has joined CleanCore as Chief Investment Officer, leading the initiative to bring digital assets into public markets with integrity and long-term vision [4][8] Company Overview - CleanCore Solutions, Inc. is focused on revolutionizing cleaning and disinfection practices through patented aqueous ozone technology, aiming for sustainable solutions that exceed traditional methods [7] - The company is listed on NYSE American and is compliant with all listing requirements, having secured clearance for the PIPE transaction [5] House of Doge - House of Doge Inc. is the corporate arm of the Dogecoin Foundation, dedicated to advancing Dogecoin as a decentralized global currency and investing in necessary infrastructure for its everyday use [8] - The House of Doge aims to develop financial products, real-world asset tokenization, and cultural partnerships to enhance Dogecoin's utility and growth [8]
Virtune announces that selected crypto ETPs are now available for automatic and commission-free monthly savings
Globenewswire· 2025-09-04 08:50
Core Insights - Virtune has launched a monthly savings plan for selected crypto ETPs, including Bitcoin, Ethereum, XRP, and Solana, allowing investors to automate their investments without commission fees [1][2][4] Group 1: Product Offering - The monthly savings plan is available through Nordnet's platform in Sweden and Finland, enabling investors to adjust their savings at any time [6] - The products included in the monthly savings plan are Virtune Bitcoin ETP, Virtune Bitcoin Prime ETP, Virtune Staked Ethereum ETP, Virtune XRP ETP, Virtune Staked Solana ETP, Virtune Coinbase 50 Index ETP, Virtune Crypto Top 10 Index ETP SEK, Virtune Crypto Top 10 Index ETP EUR, and Virtune Crypto Altcoin Index ETP [7] Group 2: Company Mission and Strategy - Virtune aims to simplify crypto asset investing by providing a safe and regulated structure for monthly savings in crypto ETPs [2][4] - The company emphasizes the historical benefits of regular monthly savings in volatile assets like Bitcoin, which can help investors avoid market timing challenges [4] Group 3: Security and Regulation - All products are 100% physically backed by the underlying crypto assets, which are stored securely with Coinbase in cold storage [6] - Virtune is a regulated Swedish digital asset manager, ensuring compliance and strategic collaborations within the industry [8]
Boxabl Bolsters Treasury with Acquisition of 10 Bitcoin
Prnewswire· 2025-08-25 13:15
Core Insights - Boxabl Inc. has acquired 10 Bitcoin as part of its treasury reserve strategy, which was first announced in May 2025, highlighting the company's commitment to diversifying its financial reserves [1][2] - The purchase of Bitcoin is aimed at hedging against inflation, diversifying the portfolio, and preserving long-term value, with the 10 BTC acquired at an average price of approximately $107,800 each [2] - Boxabl is in the process of merging with FG Merger II Corp., which will allow it to become a publicly traded company on Nasdaq with a valuation of approximately $3.5 billion [3] Financial Position - The company has raised over $230 million from more than 50,000 investors, strengthening its financial foundation for long-term growth [3][4] - The integration of Bitcoin into its treasury reflects a forward-thinking financial strategy, reinforcing confidence in Bitcoin's long-term value [3] Operational Goals - Boxabl aims to balance traditional assets with innovative investments, including Bitcoin, to support its operational goals, particularly in producing its flagship Casita modular home and expanding into new markets [3] - The company's patented technology focuses on affordability, sustainability, and scalability in the housing industry [4]