The Alarming Golix Controversy: Has the Popular African Exchange “Exit Scammed” Users and Investors?

Back in May 2018, the popular Zimbabwean-based Bitcoin exchange, Golix was bullish about its future prospects. Still in the very year, the exchange claimed that it had raised $32 million from a token sale and had plans to establish operations across different African countries. Unfortunately, more than a year later, the startup exchange which use to know success has had …

UNICEF to Accept Cryptocurrency Donations Through Newly Created-Fund

The global adoption of digital currencies is becoming more intense. The adoption and daily use of digital currencies has moved to becoming an international affair. Today, even international organizations are embracing it. This is the case with UNICEF. The United Children’s Fund (UNICEF) has rolled out a cryptocurrency fund that is aimed at enabling the organization to receive, hold, and …

Retired NBA Player Allegedly Scammed Ghanaian Company a Heavy Sum of $825,000 in Bitcoin

Retired NBA player, Isaac Edward Austin, has allegedly scammed a Ghanaian company. It is said that he scammed the company out of $825,000 in Bitcoin (BTC). The money in question was reportedly acquired for the sake of an investment in a Bitcoin automated trading program. It was this investment promise that prompted the issuance of the money. The Ghanaian Investment …

Top 5 Reasons Why Online Casinos Should Adopt Cryptocurrencies as a Payment Method

In the gambling industry, online casinos are at the forefront of technological innovations while cryptocurrencies or digital currencies are arguably the most innovative payment solutions that exist on the internet these days. It is in this light that we hereby write to reveal the top five reasons why online casinos should adopt cryptocurrencies as a payment method. 5 Reasons Why …

The State Of Bitcoin In Tanzania

Speaking of the blockchain technology, the world’s first “blockchain baby” was born in Tanzania on July 13, 2018. It is rather unfortunate to say that since then, the crypto space has been rather quiet with a significant drop with the popularity of Bitcoin searches since the beginning of 2019. The current state of Bitcoin in Tanzania is not very different …

Crypto Adoption In Nigeria

A report from Citigroup, a US investment firm, revealed that Nigerians were the third largest holders of bitcoin as a significant percentage of gross domestic product (GDP). The use of this digital currency in Nigeria ranges from trading to making fast, low-cost cross-border financial transactions, thereby saving on the high fees taken by traditional money-transfer services and commercial banks. Nigeria …

Nigeria’s Capital Markets Regulator Striving Hard to Create a Solid Framework for Cryptocurrency Regulation

Nigeria’s cryptocurrencies and blockchain community could likely be given a clear stance on the classification of cryptocurrencies before the end of this year by the country’s Securities and Exchange Commission (SEC). What the Upcoming Cryptocurrency Regulation Framework is all about As per the recent report by Pulse, the regulatory institution is set to effectively implement the roadmap for the fintech …

Why Ghanaians Need Crypto More Than Ever?

The current prevailing financial challenges in Ghana could be direct calls for investors to embrace cryptoassets for financial freedom. Up-to-date, Ghanaian investors are still subjected to financial difficulties as the Bank of Ghana (BoG) continues to probe fund managers for mishandling funds. It is with this in mind that we think that it is time for Ghana which has one …

South African Reserve Bank Steps Out To Conduct Central Bank Digital Currency Feasibility Study

According to an expression of interest (EOI) that was issued on April 29, 2019, the South African Reserve Bank (SARB) is said to conduct a central bank digital currency (CBDC) feasibility study. The South African Reserve Bank is passing through this EOI in finding solution providers to offer technological infrastructure and skills to the project. What is the CBDC Feasibility …