Category: Cryptocurrency
Bitcoin ban: African countries where crypto is restricted or illegal
Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake. Due to its extreme volatility, its use in nefarious transactions and the exorbitant use of electricity to mine it, the legal status of the digital currency varies substantially from country to country. But as more Africans…
๐บ๐ธ Elon Musk and the Rise of the 19-Year-Old Disruptors: Reshaping the U.S. Government Under Trumpโs Return
In a world where billionaires already wield unprecedented influence over global economies, technology, and even space exploration, Elon Musk has taken his ambitions to a new level. With Donald Trumpโs return to the White House, Musk has secured an official role as a Special Government Employee, heading the newly established Department of Government Efficiency. But…
The Rise of Memecoins in Africa: Opportunities, Risks, and Market Potential Through 2030
The year 2024 witnessed an unprecedented surge in the popularity of memecoins, with their combined market capitalization surpassing $130 billion. These cryptocurrencies, often inspired by internet memes and cultural references, have captivated investors worldwide. In Africa, the memecoin phenomenon has gained significant traction, leading to the emergence of region-specific tokens that resonate with local communities.…
Donโt Let Market Noise Shake You: Michael Saylorโs Case for Holding Bitcoin Through the Chaos
In the ever-volatile world of cryptocurrency, the Bitcoin market remains one of the most unpredictable and anxiety-inducing spaces for investors. Prices can swing dramatically within hours, sparking panic among those unprepared for the emotional rollercoaster. Yet, according to Michael Saylor, executive chairman of MicroStrategy, the key to unlocking Bitcoinโs astronomical potential lies not in panicking…
First criminal crypto tax evader in US sentenced to two years in prison
Quick Take An Austin, Texas, man received a two-year sentence for falsely underreporting capital gains earned from selling $3.7 million in bitcoin โ marking the first criminal tax evasion prosecution centered entirely on cryptocurrency. The false tax returns were filed by Frank Richard Ahlgren III between 2017 and 2019. They did not report or underreported…
๐ณ๐ฌ Almost 800 arrested over Nigerian crypto-romance scam
Nigeria’s anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments. The suspects, including 148 Chinese and 40 Filipino nationals, were detained on Dec. 10 at…
Special Report: The Future of Technology Innovation in AfricaโA Focus on Kenya
As the world races to adapt to the rapidly evolving digital economy, Africa stands at a crossroads, with technological innovation emerging as a crucial avenue for solving pressing challenges, including job creation. In East Africa, Kenya has positioned itself as a leader, particularly in its capital, Nairobi, which is rapidly becoming the region’s tech hub.…
XRP, DOGE Lead Crypto Losses as Weekend Pullback in Bitcoin Causes $500M Liquidations
BTC dropped more than 3.5% from its peak, as profit-taking led to a pullback from the near $100,000 mark late Friday. What to know: Bitcoin (BTC) pared last weekโs gains with a price drop from $98,500 to as low as $95,500 during late U.S. hours on Sunday, before recovering, in a move that sent the…
Google Exposes GLASSBRIDGE: A Pro-China Influence Network of Fake News Sites
Government agencies and non-governmental organizations in the United States have become the target of a nascent China state threat actor known as Storm-2077. The adversary, believed to be active since at least January 2024, has also conducted cyber attacks against the Defense Industrial Base (DIB), aviation, telecommunications, and financial and legal services across the world,…
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