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Zimbocash: Crypto Solution For Zimbabwe’s Economic Challenges?

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Southern African country, Zimbabwe has always been in bad crises economically. More often than not, Zimbabwe’s currency decline and hyperinflation are cited during conversations as an example of how worse the legacy financial system could get. Hence, this has highlighted…

Drop In Remittances to Africa Caused By Pandemic and Others

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Remittances to Africa are likely to drop by 5.4%, findings from the 2021 report of Continental Migration have revealed. As of 2020, total remittances in the continent amounted to $44 billion. However, based on the report’s findings, a drop to…

AbokiFX Responds To CBN Threats, Withdraws Forex Updates From Website

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The team behind the company Abokifx, on Friday, published a statement on its official website stating that the website would be suspending forex trading rate updates this was due to the threat from the central bank of Nigeria. The statement…

24-Year-Old Australian Crypto Fraudster Sentenced To Prison for Stealing $90 Million Through A Ponzi Scheme

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An Australian, Stefan Qin has been sentenced to seven and a half years in prison for conducting two illegal cryptocurrency funds and tricked investors to invest in the projects reading to millions of Dollars. The 24 years old will be…

Bitcoin Whale Buys Almost 500 BTC

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Market declines often present themselves as an opportunity for traders to get into the market at a discount. A Bitcoin whale said to own the third-largest Bitcoin wallet has taken advantage of the current dip to buy more of the…

Nigerian Transportation Company GIGM Plunges Into Cryptocurrency

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First-class Leading transportation and logistics company in Nigeria God is Good Motors (GIGM) is set to enter the blockchain and cryptocurrency industry. The transportation company has been in operation in Nigeria since 1998 and has built a network across the…

US-based Firm Claims Passwords to Digital Wallets Containing Lost Bitcoins Can be Recovered

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The crypto industry has had a chequered history- containing the positives and negatives just like an electric charge. From crypto scams to hacks and lost bitcoins, cryptocurrency enthusiasts have witnessed them all.  A US-based firm is dangling the hope of…

Ethereum’s First Deflationary Day Recorded

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Weeks after the EIP-1559 was deployed on its network, Ethereum records its first deflationary day. This means that for the first time since the London Hard fork upgrade, more Ether was burned than those mined by miners on September 3. …

Senegal’s Celebrated Akon City Proposed By African Artiste, Akon, Slow In Progress.

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Akon City, the crypto-powered city suggested by African rapper Akon might be a ‘white elephant’ project in light of the recent controversy trailing its progress. As proposed, West African country Senegal will harbor the smart city with digital currencies forming…

El Salvadorans Protest Against The Bitcoin Law Slated For September 7

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In the last few days, resentment and panic of the coming application of the Law of Bitcoin as legal tender have aggravated the situation of Salvadorans, and demonstrations have already begun to take place in the streets against Bitcoin. The…