The collapse of FTX was triggered by Binance, investor Kevin O’Leary claimed at a Dec. 14 United States Senate committee hearing about the crypto exchange’s meltdown. O’Leary, who was a …
Cryptocurrency
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Before 2022, sanctions in crypto sounded somewhat extravagant. While governments around the world have been after this industry for quite a while, it still seemed that cryptocurrencies, by their initial …
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Cryptocurrency
FTX founder Sam Bankman-Fried arrested in Bahamas, prosecutors say
by Editorby EditorThe founder of the failed cryptocurrency exchange FTX has been arrested in the Bahamas, and federal prosecutors in the United States have filed charges in New York. “Earlier this evening, …
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The fall of the FTX crypto exchange forced many to reconsider their overall approach to investments — starting from self-custody to verifying the on-chain existence of funds. This shift in …
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BusinessCryptocurrencyEconomyMarketsNigeria
Nigeria SEC decline cryptocurrencies to promote digital assets
The Securities and Exchange Commission says it will not be considering cryptocurrencies in its push for digital assets. The commission in February 2021 suspended the approval of cryptocurrencies and related products and …
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AFRICA NEWSBusinessCryptocurrencyEconomyMarketsNigeria
Nigerians’ investment in Bitcoin increases by 5% in 2022
Nigerians’ investment in Bitcoin grew by over five per cent in 2022 despite the cryptocurrency losing $562.93bn of its market value in the same year. This year, 2022, has been …
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BusinessCryptocurrencyMarketsSouth Africa
cryptocurrency market maker Ovex cancelled FTX financial services license in South Africa
South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) license. “FTX …
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BusinessCryptocurrencySouthern Africa
Pick n Pay rolls out Bitcoin payments across stores in South Africa
Pick n Pay has expanded its Bitcoin payments trial to 39 stores across South Africa’s major cities, the retailer has announced. It plans to roll out to all its stores …
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The amount of computing power dedicated to Bitcoin mining surged to a record as more companies made use of the energy and data center space freed up after the upgrade …
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BusinessCryptocurrencyEconomy
Kenya to introduce a regulatory Framework for Cryptocurrencies says Dr Patrick NJoroge
Kenya will look to introduce a regulatory framework for cryptocurrencies, this is according to Dr Patrick Njoroge, Governor of the Central Bank of Kenya (CBK). “Any crypto or all the …