Tag: Digital Currency
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Silicon Valley and the Ghosts of Empire: How Surveillance Capitalism Became Africa’s New Colonial Frontier
From the streets of Nairobi to the boardrooms of Lagos, African users are being sold a seductive promise: that Big Tech and digital currencies represent liberation, leapfrogging, and a break from old power structures. But beneath the glossy veneer of innovation lies a far more sinister inheritance. A recent forensic examination of Silicon Valley’s origins…
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The Future of Cryptocurrency in Pan-African Nations by 2030
Cryptocurrency is poised to significantly impact Pan-African nations by 2030, particularly in the realms of business transactions, education, and governmental policies. As digital currencies gain traction across Africa, they present both opportunities for financial independence and challenges linked to neo-colonial tactics aimed at controlling emerging economies. This article explores the main cryptocurrencies likely to influence…
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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…
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Palo Alto Advises Securing PAN-OS Interface Amid Potential RCE Threat Concerns
Palo Alto Networks on Friday issued an informational advisory urging customers to ensure that access to the PAN-OS management interface is secured because of a potential remote code execution vulnerability. “Palo Alto Networks is aware of a claim of a remote code execution vulnerability via the PAN-OS management interface,” the company said. “At this time, we…
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Zimbabwe central bank head announces plans to target saboteurs of gold-backed currency
Zimbabwe’s central bank has pledged to intensify efforts against those undermining the nation’s gold-backed currency, the ZiG, which has seen a sharp decline on the parallel market. While the ZiG is trading at 13.94 per US dollar on the official market, it’s quoted between 16 and 26 on the unofficial market. In an emailed response…
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North Carolina Senate overrides governor veto, passes bill banning CBDC
A North Carolina Senate veto-busting vote saw 12 Democratic Party senators who initially voted for the bill to ban a CBDC switch to backing Governor Roy Cooper’s veto. The North Carolina General Assembly has passed a bill banning the state from implementing a United States Federal Reserve-issued central bank digital currency (CBDC), with the Senate…
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Agile Energy X: Leveraging Solar Power for $2.5 Billion in Bitcoin Mining Annually
Japan-based company Agile Energy X is making waves in the cryptocurrency world with its ambitious plan to utilize solar power for Bitcoin mining. The company aims to generate up to $2.5 billion annually through this innovative approach, combining the renewable energy sector with blockchain technology. With the rise of environmental concerns surrounding Bitcoin mining, Agile…
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Is Telegram actually a crypto company?: A Game-Changer for Digital Finance
In a surprising turn of events, Telegram, the messaging app renowned for its privacy features and secure communication, has quietly emerged as a significant player in the cryptocurrency space. While the platform has long been a favorite among tech-savvy users and privacy advocates, recent financial disclosures have unveiled a new facet of Telegram’s operations that…
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BRICS Bank anticipates greater utilization of local currencies
BRICS Bank anticipates greater utilization of local currencies, NDB chief says The US dollar has the tendency to disrupt financial markets in developing countries president, the New Development Bank’s (NDB) president, Dilma Rousseff, said during the opening of the NDB Board of Governors’ plenary session. Thus, the NDB is placing a strong emphasis on promoting…
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