African banks embrace Blockchain
Categories
Business, Development

According to the International Finance, Corporation, the financial inclusion rate in Africa stood at an all-time low of 23% in 2011. A KYC system heavily processes customer data simplifying most processes within traditional banking and providing a layer of security. Ecobank Group has partnered with AMA Academy to develop customized fintech training modules for businesses, […]

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zim gold backed crypto
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
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Business, Development, Events

The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success. The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwean dollars’ worth of gold-backed digital tokens — worth around $39 million — despite a warning from the International Monetary Fund. On May 12, the central bank of Zimbabwe announced that it had […]

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eth validator staking
Ethereum validators earn a record $46M
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Business, Development

Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible. Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 […]

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home crypto investments
32% of home offices invest in digital assets
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Business, Productivity

While the interest in crypto investments was rising last year among home offices, 2023 saw a massive decline in investors’ certainty about the digital assets market. While the interest in crypto investments was on the rise last year among home offices, 2023 saw a massive decline in investors’ certainty about the digital assets market. According to […]

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china crypto
Cryptocurrencies can be used for debt settlement in China
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Business, Tips

Virtual assets in China can be legally used to settle basic relations debts such as exchange and labor, despite the nation’s ban on cryptocurrency transactions, the Supreme People’s Court of China declared in a conference earlier this year. See related article: China should reconsider its ban on cryptocurrencies, says former central bank official Fast facts The […]

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nigeria tokens
Tokens but not crypto
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Business, Development, Uncategorized

Nigeria’s securities regulator will take at least 10 months to determine whether to register a digital asset-related company. Nigeria, one of the world’s most curious nations about cryptocurrencies like Bitcoin BTC, is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering allowing licensed digital exchanges to list tokens backed […]

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crypto inflation
The relationship between crypto and inflation
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Business, Development

The two main digital assets, Bitcoin and Ethereum, offer the best case study for the link between crypto and inflation. Inflation is a sustained upward trend in the cost of goods and services across an economy. Crypto inflation can be understood as introducing new coins to the circulating supply, typically by miners and validators. As […]

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digital yuan
China to pay civil servants in Digital Yuan CBDC
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Business, Development

The Chinese government revealed that public servants in a selected city will receive their salaries in digital renminbi (RMB) or digital Yuan starting May 2023 In 2020, pilot programs testing the use of the currency in various settings, such as transportation, retail, and government services, were launched in four cities, including Shenzhen and Suzhou. Digital […]

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btc 40k
Bitcoin ready for $40K
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Business, Events, Tips

BTC price targets are reaching past the recent 10-month highs with Bitcoin bulls emboldened by First Republic losses. Bitcoin tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as […]

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bitcoin banks
Bitcoin price jumps in the wake of First Republic Bank price crash
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Events, Tips, Uncategorized

The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States. The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as First Republic Bank (FRC) shares closed down more […]

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gold-backed crypto
Zimbabwe’s central bank to issue gold-backed digital currency
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Business, Development, Productivity

The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency. The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as legal tender in the country. The move is a government initiative to stabilize the local currency […]

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solana saga phone
Solana’s Saga crypto phone to launch on May 8
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Business, Development, Events

The Solana Saga mobile will be available for sale starting May 8, 2023 The Solana mobile stack has two main components: the Seed Vault and the Solana dApp Store Crypto phones also offer enhanced security features such as two-factor and biometric authentication. Solana introduced Saga, the world’s first crypto smartphone, in October 2022. The Saga […]

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