In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $ 2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even higher, forecasting gold to climb to $ 2,900 per ounce in 2025. …
AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation
AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like Microsoft and Nvidia. The $ 6.6 billion raised would be used to expand its set of tools and raise its computing capacity, which needs to increase significantly to train new AI models. AI Company …
Blockchain Climate Tech Startup Coral Raises $3 Million
Coral, a climate tech startup leveraging blockchain and AI, has secured $ 3 million in pre-seed funding to expand its operations and enhance its carbon emissions management platform. The funding will enable Coral to open a new office in Abu Dhabi, hire more experts, and improve its AI-powered platform. ‘Full Lifecycle’ Traceability of Carbon …
Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms implemented have restored the bank’s credibility and boosted […]
Crypto All-Stars Raises $1.5M in ICO for New Meme Coin Staking Platform
Crypto All-Stars (STARS) is a hot topic right now, having just passed the $ 1.5 million mark in its ICO. The project’s main attraction is MemeVault – a platform allowing investors to stake their favorite meme coins for huge rewards. MemeVault – The All-In-One Staking Platform for Meme Coins MemeVault is unlike anything else …