Author: Anthony Persuader
Financial Journalist with global coverage.
Mukuru, Travelex to Expand Cash Payout Options in South Africa Mukuru, a next-generation financial services platform, has partnered with Travelex, a market leader in foreign exchange services, to expand cash payout options for remittance customers across South Africa. The partnership reinforces Mukuru’s capabilities to provide accessible, safe, and convenient services to millions of customers who depend on remittances for daily needs. Positioned as a strategic alliance that will enhance reach to more customers, the partnership introduces Travelex as an additional payout channel within the Mukuru network. Customers can now access funds at any of Travelex’s 46 nationwide branches, strategically located…
BTC, ETH Drag Global Crypto Market Cap to $2.96 Trillion Bitcoin and Ethereum, including other tokens facing sell pressures, have dragged global crypto market capitalisation below $3 trillion on Tuesday as investors face regulatory anxiety and altcoin fatigue. Today, crypto market volatility picked up, with bears attempting to reassert control. Bitcoin and other major tokens slipped, pushing the global crypto market capitalisation back below $3 trillion, while 24-hour trading volume fell under $100 billion. The market struggles to break out even after Fed rate cut boosts liquidity, still sentiment remains downbeat amidst buckets of uncertainties. Trading data obtained from CoinMarketCap.com…
Brent Climbs to $59 as US-Venezuela Tensions Heat Up Brent climbed to $59 per barrel as oil prices rebounded on Wednesday in the global commodity market. Crude oil prices edged higher as concerns over demand increased after US President Donald Trump said he had ordered a full and complete blockade of all sanctioned oil tankers entering and leaving Venezuela. Brent crude was trading at $59.49 per barrel, up around 1.4% from the previous close of $58.68. US benchmark West Texas Intermediate (WTI) also increased by about 1.5% to $55.89, compared to $55.05 in the prior session. On his social media…
Brent Rises to $61.46 as U.S Seizes Venezuelan Oil Tankers Prices of crude oil increased in the global commodity market on Friday due to concerns over supply, driven by reports that the US is preparing to seize additional Venezuelan oil tankers. Brent crude was trading at $61.46 per barrel, up around 0.2% from the previous close of $61.35. US benchmark West Texas Intermediate (WTI) also increased by about 0.2% to $57.80, compared to $57.67 in the prior session. US President Donald Trump reiterated that, in addition to operations carried out in the Caribbean to end what he claims is drug…
Bitcoin Cash Drops by 4% Amidst Repeated Rejection at $604 Bitcoin Cash (BCH) fell by about 4% in 24 hours to $572.90 on Tuesday, underperforming the broader crypto market (-1.5%) due to technical resistance, risk-off sentiment, and Bitcoin’s pullback. As the spin-off of Bitcoin, the peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and a larger block size faces sell pressure ahead of the Fed decision on interest rates. Trading signals highlighted BCH’s repeated rejections near the $604–$620 resistance zone – a level that’s capped gains for over a year. Its…
Trump Brokers Peace Deal Between DR Congo, Rwanda U.S. President Donald Trump has brokered a peace deal between leaders of the Democratic Republic of Congo and Rwanda, Félix Tshisekedi and Paul Kagame. The U.S. president facilitated the signing of a peace agreement in Washington aimed at ending more than three decades of conflict in mineral-rich eastern Congo. The ceremony took place at the Peace Institute, recently renamed the Donald J. Trump Institute of Peace. Trump said the United States would conclude bilateral agreements with both countries on rare earth mining, adding that major U.S. firms would be sent to the…
Euro Stalled at $1.1652 after Six Days Rally The euro-dollar (EURUSD) slowdown momentum at $1.165, its strongest level since mid-November, is supported by an upward revision to November’s Eurozone composite purchasing manager index. The single euro currency gained support from diverging interest rates expectations between the European central bank (ECB) and the US Federal Reserve in coming days. The euro to dollar exchange rate pushed to 1.1652 earlier Wednesday, held aloft by supportive developments in bond markets. Bond yields – the interest rate that government debt pays – have risen faster in the Eurozone than in the U.S. over recent…
Angola Launches New Gas Consortium Project Angola has officially launched its first dedicated non-associated gas project, the New Gas Consortium (NGC) Gas Treatment Plant in Soyo, marking a major milestone for the country’s energy sector. Commissioned in November 2025, the onshore facility processes around 400 million standard cubic feet of gas per day and 20,000 barrels of condensate, sourced from the offshore Quiluma and Maboqueiro fields. The project represents a significant shift for Angola, moving beyond its historical reliance on oil and tapping standalone gas resources that can support a more diversified and resilient energy economy. The African Energy Chamber…
Oil Prices Steady on Weak Demand Ahead of OPEC+ Decision Oil prices were flattish on Friday ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies members’ (OPEC+) meeting this weekend. The stable price movement is also influenced by Russian-Ukraine peace deal brokered by the United States. Also, US inventories spiked more than expected amidst economic concerns. China’s imports have slowed down as Beijing’s economic numbers look impressive, with uncertainties clouding its outlook. This has remained negative for crude oil prices in the global commodity market. Brent Oil Futures expiring in January was muted at $63.35 per barrel, while…
Bitcoin Hits $90k as Texas Adoption Boosts Sentiment Bitcoin (BTCUSD) hit the $90k range in the latest crypto rally spurred by improved investors’ sentiment following Texas’s adoption of the world’s largest crypto assets. Fuelled by demand, the largest digital asset gained 2.70% in the last 24 hours to $90,170 as trading volume printed at $63.440 billion on the day. Trading volume is down by 3.2%. The token is trading positively following improved sentiment after Texas purchased spot Exchange Trade Fund (ETF). Texas purchased Bitcoin through BlackRock’s spot ETF, bypassing direct custody. This, according to a slew of crypto analysts reflects…