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Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?

Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?

Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?In today’s markets, uncertainty has become the new normal, putting pressure on traders and investors alike.Changing tariffs, shifting monetary policies, and persistent tensions are we

Ultimate Uganda

Bitcoin price crash indicates free fall to $80,000 amid AI bubble fears

Bitcoin price crash indicates free fall to $80,000 amid AI bubble fears

The bitcoin price has crashed below $91,500, deepening a selloff that’s erased all of its gains for the year. Traders are now positioning for more pain.Bitcoin is in free fall—and traders are positioning for more pain.The Fed and AI bubble talk are two major headwinds

Ultimate Uganda

Four Traders Remanded to Luzira Over Kampala Protests

Four Traders Remanded to Luzira Over Kampala Protests

Police fired tear gas at traders.Four city traders have been remanded to Luzira Prison after being charged with causing common nuisance during Monday’s protests over high taxes and rent in Kampala.The accused — Sunday John Baptist, Nsamba Kenny

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$300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K

$300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K

Rapid selloffs and high leverage expose traders to sudden losses as digital asset markets remain highly sensitive to volatility.$300 million in leveraged long crypto positions were liquidated in the last 60 minutes due to sudden market selloffs.Bitcoin’s price pulled ba

Ultimate Uganda

Traders Protest as Collapsing Wall Kills Two in Mpanga Market

Traders Protest as Collapsing Wall Kills Two in Mpanga Market

The deceased were identified as Ronald Muganzi, a secondhand shoe dealer, and Wilson Muhumuza, a tomato seller. The injured, whose identities are yet to be confirmed, are receiving treatment at Fort Portal Regional Referral Hospital.Mpanga market entranceTraders in Mpanga

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In Kasanje, taxes are rising but service delivery, roads, all in ruins

In Kasanje, taxes are rising but service delivery, roads, all in ruins

A Sinotruk carrying sand gets stuck on a muddy road, one of the feeder roads in a deplorable state in Kasanje, Wakiso District. Despite collecting over UGX 460 million in taxes, the community says service delivery remains poor.Kasanje, Wakiso District: Kasanje, a mid-size place

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Gold rally runs out steam amid firmer dollar

Gold rally runs out steam amid firmer dollar

Profit-taking saps metal’s strengthBengaluru — Gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on the expectation of interest rate cuts by the Federal Reserve next month.

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Oil Climbs for a second day on risk-on tone in wider markets

Oil Climbs for a second day on risk-on tone in wider markets

Prices are being lifted as the US Senate takes a major step toward reopening the government.Oil pumping jacks at an oilfield near Sokolovka village, in the Udmurt Republic, Russia. Image: BloombergOil rose as wider markets were lifted by a push to end the US government sh

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Report Blames Illegal Construction for Kampala Floods

Report Blames Illegal Construction for Kampala Floods

Ham Enterprises continue to erect structures near Nakivubo channel despite an order from KCCA to stop the worksKampala — A confidential Kampala Capital City Authority (KCCA) report seen by ChimpReports has blamed illegal construction and regulatory failures for the deadly floods that swe

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Chaos in Yumbe as Muslim youth attack Christians over pork sale.

Chaos in Yumbe as Muslim youth attack Christians over pork sale.

Some of the destoryed property after Tuesday violent clashes erupted between Muslim youths and Christian traders over the sale of pork. Police say the situation is now calm but tense.Yumbe, Uganda: Tension gripped Yumbe Town in the West Nile Sub-region on Tuesday after a violent confrontat

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