Nigeria Crypto Traders Lost Huge Sums As Impact Of USDC’s $3.3 Billion Trapped In The Collapsed Silicon Valley Bank Depegs the Stablecoin.
Stablecoin cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin deposit reserve at the collapsed lender Silicon Valley Bank, the company announced today. . The stablecoin company’s announcement comes after startup-focused SVB collapsed on Friday in…
Why Terra Luna Crypto Collapsed.
One of the top blockchain project, house to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $1 peg…
Congo National Park Begins Crypto Mining.
Virunga National Park In Eastern Congo has found ways to put its natural resources to good use by engaging in cryptocurrency mining which is an increasingly popular method of obtaining digital assets such as Bitcoin (BTC), in order to mine…
East African Central Banks Raise Doubts on Regional CBDC by 2024
The East African currency project in 2024 collapsed after the EAC Council of Ministers, the central decision-making and governing organ of the EAC, resolved that this deadline is not feasible, citing delays by member countries in realizing targets set out…
Crypto Winters: Top 4 Crypto Bankruptcy Of 2022 Bear Market.
The crypto market is known for its ups and downs, but the latest slide is unprecedented in its magnitude. Crypto has gone through several major drops in its history — known by its parlance as “crypto winters” and to the rest of…
Man Commits Suicide After Loss Of NT$60 Million From Luna Crypto Crash
The first confirmed suicide due to $LUNA / $UST collapse is a Taiwanese man who jumped from the 13th floor to his death last week after his $2m in LUNA turned into $1K. At 2 a.m. on Tuesday in Taichung’s…
LUNA ECLIPSE! Terra LUNA collapse explained
The cryptocurrency world has been rocked in recent days by the sharp reductions in the value of a stablecoin named TerraUSD and its sister counterpart Terra Luna. The crisis has shaken the entire crypto market, and other currencies like bitcoin…
Stonebwoy, In Ponzi, Crypto NFT Scam Saga.
TV personality, Bridget Otoo has called out Ghanaian musician on Twitter for his endorsement of collapsed Menzgold ponzi investment scheme that closed recently with investors funds unaccounted for . The call out follows latest Twitter post from the musician endorsing…
SA Africrypt Victms Receive Part Payment of Invested Funds
Crypto investors in Africrypt, the now-closed South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s…
Africrypt Creditors Accept The Offer To Revive The Firm
Investors who have their funds in the South African Crypto trading firm, Africrypt, have decided on a positive response to a proposal recently presented by an unnamed investor who is attempting to revive the collapsed company. In addition to reimbursing…