SafeMoon: “Freedom of the Unbanked” Launched on the Binance Smart Chain (BNB) in March 2021, SafeMoon has gained attention for its mission to empower long-term holders and impose a 10% fee on sellers, with a portion of that fee benefiting existing holders. However, the journey of SafeMoon, while intriguing, has been marked by both endorsements … Read more
Leadership Transition: Paolo Ardoino Takes the Helm in December Tether, the powerhouse behind the renowned stablecoin $USDT, has announced Paolo Ardoino as its incoming CEO. Currently serving as the Chief Technology Officer (CTO) since 2017, Ardoino is set to steer the company in its new strategic direction from December 2023. Transition Dynamics: Jean-Louis van der … Read more
The Cameroon Ministry of Finance points to the lack of clear guidance from the Central African Financial Market Supervisory Commission (COSUMAF) as a significant contributor to regulatory uncertainty in the cryptocurrency space. Pervasion of Ponzi Schemes The ministry’s study highlights the prevalence of ponzi schemes within Cameroon’s crypto landscape, with numerous companies following a PONZI … Read more
In a notable stride towards embracing financial innovation, the Bank of Mauritius has revealed its intention to initiate a pilot project for the central bank digital currency (CBDC) in the coming months. Governor Harvesh Seegolam disclosed this development during the Bloomberg Financial Forum held in Port Louis. Key Highlights of the CBDC Project: Strategic Collaboration … Read more
In a significant development, victims of the Mirror Trading International (MTI) bitcoin scam in South Africa are on the brink of receiving refunds from the liquidators overseeing the case. The process, however, awaits a court ruling to determine how the claims should be handled, including evaluating the refunds, considering victims invested in bitcoin with fluctuating … Read more
Nigerian Archbishop Sam Zuga, renowned for founding ZugaCoin, finds himself defending the cryptocurrency against allegations of being another crypto scam in Nigeria. ZugaCoin, currently trading at $1.38 on CoinMarketCap, faces scrutiny as reports suggest traders and holders are struggling with withdrawals, a red flag reminiscent of crypto scams. ZugaCoin’s Noble Mission: Rebuilding Africa’s Economy In … Read more
Aspirations and Realities The goal of earning $100 daily from the crypto market is an ambition shared by many, but it’s imperative to recognize the associated risks and acknowledge the need for a profound understanding of the market dynamics. Here are some strategies that can guide individuals on this ambitious journey: Consistent Earnings: A Holistic … Read more
Breaking Ground in Economic Stabilization In a notable development reported by Cointelegraph, the Reserve Bank of Zimbabwe (RBZ) has officially launched the use of its innovative gold-backed digital token, Zimbabwe Gold (ZiG), as a fully-fledged payment method. This strategic move, initiated in April 2023, positions each ZiG token as a tangible representation of a specific … Read more
South Africa-based cryptocurrency exchange, Valr, recently announced a significant milestone in its expansion strategy—initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA). While this marks a pivotal step for Valr in establishing a global presence, it’s important to note that the approval, for now, does not grant the exchange the ability to offer virtual asset … Read more
In a dynamic regulatory landscape, the Consumer Financial Protection Bureau (CFPB) has taken decisive action in response to a substantial surge in crypto-platform hacks and the high-profile trial of FTX co-founder Sam Bankman-Fried. The trial, now in its second week, centers on allegations of fraudulent access and use of customer funds, against the backdrop of … Read more