FTX promoted its exchange in Africa by signalling that investing in crypto could help stop people’s money from being devalued by high inflation, according to the Wall Street Journal. The …
Cryptocurrency
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Cryptocurrency
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AfricaAFRICA NEWSCryptocurrency
Nepal Orders Internet Providers to Block Crypto-Related Websites
by Editorby EditorNepal’s authorities have once again taken steps to block cryptocurrency-related activities. In a Jan. 8 notification, Nepal’s Telecommunications Authority instructed all internet service providers (ISP) to prevent operating and managing …
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AfricaAFRICA NEWSCryptocurrency
Binance employees to adhere to 90-day period prior to trading
by Editorby EditorCrypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng “CZ” Zhao, …
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AfricaAFRICA NEWSCryptocurrency
Crypto contagion deepens: Coinbase to lay off about 950 employees
by Editorby EditorCoinbase Global Inc. said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs …
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After a storming year in 2021, Bitcoin’s value declined significantly in 2022, dropping as low as $15,757 in November. The world’s largest cryptocurrency didn’t start the year well, having its worst …
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AfricaAFRICA NEWSBanking, Finance & InvestmentCryptocurrencyUncategorized
Access Bank disowns fake news on cryptocurrency platform
Contrary to an unsubstantiated report circulating on the internet, Access Bank Plc has not launched any Bitcoin bank or introduced a cryptocurrency product. A statement by the Bank’s management dissociated …
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AfricaAFRICA NEWSCryptocurrency
South Korea says crypto fugitive Do Kwon is hiding in Serbia
by Editorby EditorDo Kwon, a disgraced tycoon behind the collapse of the TerraUSD and Luna coins that roiled the crypto assets market in May, is hiding in Serbia, according to South Korean …
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BinanceCryptocurrency
Crypto Exchange Binance Introduces Payments Service for Customers
by Editorby EditorU.S.-based customers of the Binance exchange’s Binance.US unit are now able to use the Binance.US Pay payments system to send money on their mobile app. The feature has been available …
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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 …
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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 …