Cryptocurrency

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…

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…

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,…

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….

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…

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 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…

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. 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…