Cryptocurrency
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Criminals Leverage “As-a-Service” Business Model with Sha Zhu Pan Kits, Globally Expanding Cryptocurrency Fraud

ByTechTrends

After a Two-Year Investigation, Sophos X-Ops Discovers Unprecedented Sophistication in Scams That Trick Victims into Fake Investments Sophos, a global leader in innovating and delivering cybersecurity as a service, today revealed how sha zhu pan scammers—those conducting elaborate, romance-based cryptocurrency fraud—are leveraging a business model similar to cybercrime “as-a-service” by selling sha zhu pan kits on…

Cryptocurrency

Today’s Cryptocurrency Price: Profits Dominate Crypto Charts as 11 BTC ETFs Receive Historic US Approval

ByTechTrends

On Thursday, January 11, the price of Bitcoin continued to trade at $46,331, showing a slight benefit. The US SEC has officially approved 11 Bitcoin ETF applications, including those from Blackrock, Fidelity, and Invesco, in a historic move. Even while Bitcoin did not respond to the news right away, it has nevertheless created a sense…

CoinEx
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CoinEx Milestones in Nigeria; Its Contribution Towards Blockchain Educational Development

ByTechTrends

The global growth and adoption of digital property and Blockchain technology has inevitably extended its reach to Nigeria, where CoinEx, a renowned cryptocurrency exchange, has been actively contributing to the development of the Nigerian Blockchain economy since the appointment of its first effective Nigerian partner in 2021. Getting familiar with the Nigerian Blockchain Landscape Nigeria’s tech-savvy, heavy content-consuming…

cryptocurrency
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Can Nigerian Companies Begin Using Cryptocurrency As A Form Of Payment?

ByTechTrends

Nigeria’s adoption of cryptocurrency is nothing new. Nigeria has actually been a handy location for the cryptocurrency market despite the Central Bank of Nigeria’s ban on cryptocurrencies. Despite this, Nigerians keep embracing cryptocurrencies widely. But before I delve into how Nigerian businesses can use crypto as a payment method, I will explore the use of…

Cryptocurrency

Africans are the Least hit in $5.9bn Global Cryptocurrency Scams

ByTechTrends

According to The East African, African investors may have experienced the lowest percentage of cryptocurrency investment fraud, which totaled $5.9 billion last year globally. Yet, many investors on the continent fell victim to investment and giveaway scams, indicating the danger of a strong desire to join in the mania. According to a survey by blockchain…

cryptocurrency, Crypto
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Nigerian Government to Introduce Crypto, Digital Assets Tax come 2023

ByTechTrends

According to Mrs. Zainab Ahmed, Minister of Finance, Budget, and National Planning of Nigeria, the 2022 Finance Bill contains a provision to tax cryptocurrencies and other digital assets. In an unusual digital event on Thursday, Zainab Ahmed updated the National Economic Council (NEC) on the fundamental elements of the 2022 Finance Bill, according to a…

Blockchain technology
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The Ultimate Guide for Leveraging Blockchain Technology in Your Business

ByTechTrends

The most well-known use of blockchain is to facilitate the emergence of digital currency. But did you realize that this technology has a plethora of other uses? Many large organizations and government bodies use it to improve their current business processes. That isn’t to say that only established businesses can benefit from blockchain technology. It…

Elon Musk Twitter
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Elon Musk Will no Longer Join the Twitter Board

ByTechTrends

Elon Musk, Twitter’s largest shareholder, has decided not to join the company’s board of directors, according to CEO Parag Agrawal. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% interest in the social media network on April 4 and said he intends to make big improvements. His appointment…

SA Bitcoin
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South African Company Bags $50-Million in Africa’s “Largest-Ever” Crypto Raise

ByTechTrends

VALR.com, a South African cryptocurrency exchange, said today that it has raised $50 million (about R750 million) in Africa’s largest-ever cryptocurrency fundraising round. The company is now worth $240 million. Pantera Capital led VALR’s oversubscribed Series B equity funding round, which included Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, Avon…

Cryptocurrency

Fundraising via Cryptocurrency is Now a Criminal Offence in China

ByTechTrends

China has issued a new ban on raising funds through “virtual currency,” declaring the practice illegal. In China, anyone who uses cryptocurrency to raise funds for a cause will face a prison sentence. The severity of the punishment will be determined by the amount of capital one has amassed through the use of virtual assets,…

binance
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Popular Cryptocurrency Exchange, Binance Will Invest $200 Million in Forbes, a US Media Firm

ByTechTrends

“Binance,” one of the world’s largest cryptocurrency exchanges,” is reportedly investing $200 million in the company as it prepares to go public via a special purpose acquisition company, according to Forbes (SPAC). Binance’s investment will replace half of the $400 million in private placement commitments made by Forbes and Magnum Opus Acquisition Limited, the world’s…

cryptocurrency

South Africa bags 21st in cryptocurrency ownership

ByTechTrends

According to the latest Cryptocurrency Adoption Index from Finder.com, cryptocurrency adoption is increasing in South Africa. In the December study, 11 percent of South African adult internet users, or an estimated 4.5 million people, claimed they owned cryptocurrencies, up from 10 percent in October – a one percentage point rise. Bitcoin remains the most popular…

Cryptocurrency

Africa’s Cryptocurrency Markets Require a Closer Look at Custody

ByTechTrends

While 2021 was the crypto year, 2022 will be the custody year. Central banks all over the world are racing to develop and launch their own CBDCs, and surveys indicate that investment in digital assets will continue to rise. Blockchain-powered digital assets have the potential to completely reshape how we interact with the financial system….

Bitcoin

3 more countries will adopt Bitcoin as legal tender in 2022

ByTechTrends

According to the CEO of a game-changing global financial giant, Bitcoin will be legal tender in three more countries by 2022. Nigel Green of deVere Group, one of the world’s largest independent financial advisory, asset management, and fintech organizations, doubled down on a prediction made by El Salvador’s President on Sunday. Nayib Bukele tweeted a…

HUH Token bitcoin cryptocurrency

The Cryptocurrency Evolution: From Bitcoin to HUH Token

ByTechTrends

Although the domain name bitcoin.org was registered on August 18th, 2008, it wasn’t until October 31st of that year that a link to Bitcoin: A Peer-to-Peer Electronic Cash System (its white paper) was posted online. It was written by the enigmatic Satoshi Nakatomo, the legendary Bitcoin creator whose identity is still unknown to this day….

cryptocurrency

The cryptocurrency market has plummeted as a result of reports of an Indian government ban

ByTechTrends

Following reports that the Indian government may ban cryptocurrency, the crypto market price charts were drenched in red on Wednesday, November 24. Bitcoin’s value has dropped by 25.51 percent to $46,601 on the Indian exchange CoinSwitch Kuber. On a global scale, the world’s oldest cryptocurrency has managed to keep its value above $50,000, despite the…

Cryptocurrency

Global Cryptocurrency Market Cap Touches Historic High of $2.5 Trillion as Bitcoin Value Rallies over $60,000

ByTechTrends

The market capitalisation of all the cryptocurrencies put together has crossed a milestone of $2.5 trillion (roughly Rs. 1,87,42,625 crores) according to cryptocurrency tracker CoinMarketCap. The development comes at a time when Bitcoin, which is the most-valued cryptocurrency in the world, is trading at over $65,000 (roughly Rs. 49,000) on Indian exchanges CoinSwitch Kuber, and…

Cryptocurrency, Digital Currency

Top 10 Types of Cryptocurrency You Ought to Know

ByTechTrends

Cryptocurrency became a mainstream term when Bitcoin exploded in the early twenty-tens, a term that continues to gain relevance as more and more virtual currencies seem to be popping up in recent years, steadily racing towards a fever pitch. There were around 5800 different types of cryptocurrencies recorded around the world in August of this…

cryptocurrency market

Africa’s crypto market grew 1200% in 1 year as remittance, wealth preservation drive adoption

ByTechTrends

Africa’s cryptocurrency market grew by over 1200% between July 2020 and June 2021. This is according to Chainalysis 2021 Geography of Cryptocurrency report. The growth is based on the value of cryptocurrencies received on the continent in that period. While noting that the African market is one of the most dynamic and exciting in the…

The cryptocurrency market is more versatile than you'd think.

5 ‘crazy’ things you can buy with cryptocurrency

ByTechTrends

The cryptocurrency market is more versatile than you’d think. Written by Laura van der Most If you’ve been out of the crypto game for a while, here’s what’s been happening: major cryptocurrencies are trading in the red, retirees protest El Salvador’s adoption of Bitcoin as legal tender, and Honduras opened its first cryptocurrency ATM. Basically, business as usual in…

Cardano, the cryptocurrency that could become the most valuable in the cyber world

Cardano, the cryptocurrency that could become the most valuable in the cyber world

ByTechTrends

Cardano, the cryptocurrency that could become the most valuable in the cyber world Written by Alto Nivel In contention with global leaders, virtual currency challenges bitcoin and ether. The Cardano platform could become the most valuable in the ‘ cyber world ‘ with its virtual currency ( ADA ), even surpassing current market leaders such as bitcoin or etherum by increasing its value by 1000% during this 2021….

Nigeria to Launch Its Own Cryptocurrency 'eNaira' in Partnership With Bitt

Nigeria to Launch Its Own Cryptocurrency ‘eNaira’ in Partnership With Bitt

ByTechTrends

Nigeria to Launch Its Own Cryptocurrency ‘eNaira’ in Partnership With Bitt Nigeria barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. Nigeria will work with Bitt as a technical partner in its bid to launch its own cryptocurrency, the “eNaira”, the Central Bank said on Monday. The Central Bank…

Crypto-currency adoption in Africa
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Crypto-currency adoption in Africa: The ups and downs

ByTechTrends

Crypto-currency adoption in Africa: The ups and downs Challenges include a lack of reliable internet and a lack of financial literacy. Written by Eugene Yiga Africa is booming in terms of cryptocurrency adoption, according to the 2020 Geography of Cryptocurrency Report by Chainalysis – a blockchain analysis company that provides data, software, services, and research…

What To Look Out For In South African Fintech This Year
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What To Look Out For In South African Fintech This Year

ByFolami David

TymeBank, BankZero and Discovery Bank being introduced will definitely rejuvenate the industry and ensure customers have better choices to make. It should also aid the existing banks to succumb to improving on their customer value propositions and customer experiences. Doing this, we should expect better focus from the popular banks on their several digital channels….