Tag: crypto adoption

Concept of altcoins replacing Bitcoin

The FGHT token is currently valued at $0.0166 and applies to a fitness application. The fundamental goal of this token is to introduce...

Crypto scammers evolving with the new year

In 2017 billions of dollars were poured into blockchain networks tanks to Initial Coin Offerings. By the time 2020 rolled in and...

Transaction Malleability: A legacy blockchain vulnerability

Transaction malleability is an attack that allows a crypto hacker to change the unique ID of Bitcoin or altcoin transaction Transaction malleability has...

Kenya to impose tax on cryptocurrency

Cryptocurrency exchanges operating in Kenya are expected to pay a 20% excise duty on cryptocurrency transaction fees Where cryptocurrency sold has been held...

Crypto Risk Analysis: Wide acceptance vs illegal usage

Most illegal activities hinge on the functionality of cryptocurrency. Various crypto coins have entirely given user control over their personal information, known as...

Is crypto mining experiencing an irreversible downfall?

Unlike the PoS mechanism used by the Merge, PoW has a simple cut-and-dry policy; network members had to expend effort solving an arbitrary...

Web3 Technology attracts a multitude of cyber hackers

Upon its debut, Web3 technology applied various blockchain security measures that most cyber hackers feared. Technology is a funny thing; there's never...

Dogecoin surpasses Cardano to claim 6th largest cryptocurrency position

Dogecoin recently made headlines, surpassing Cardano as the 6th largest cryptocurrency globally. In addition, Elon Musk has contributed significantly in shifting favour to...

Visa collaborates with Blockchain.com to develop a new crypto card

On 26th October, Blockhain.com announced a partnership with payment company Visa to launch a one-of-a-kind crypto card Blockchain.com is a crypto exchange platform...

Economic damages caused by Africa’s crypto adoption rate

Digital currencies have a habit of instantly dropping, causing shockwaves throughout the market The UNCATD, United Nations Conference on Trade and Development, recently...

Shiba Inu partners with FCFPay to venture into Netflix and Amazon payments

Shiba Inu enthusiasts now have the luxury of being able to use their investments as actual payment on Amazon and Netflix In January...

Blockchain Africa: The dawn of a new tech age

Blockchain Africa has thrived because Africa is still a developing continent, and only a few countries can access previous versions of the technology....

Upcoming crypto winter: How will it affect Africa’s crypto ecosystem

The first ever recorded crypto winter was experienced in 2018 after crypto made it to the mainstream When a crypto winter comes knocking,...

The state of crypto and CBDC adoption in Tanzania

President Hassan's comments and actions on improving Tanzania's cryptocurrency reflect how open she is to foreign investment The Bank of Tanzania has sent...

Kenya: a focus on the central bank digital currency (CBDC) developments

The introduction of CBDCs would have far-reaching consequences for decades for households, businesses, and the monetary system. If successful, CBDCs will usher in a new era of money. Nonetheless, it is still early days. It is still hard to tell. No generally applicable best practices or standards will ensure CBDC issuance’s eventual success. On the other hand, a maturity evaluation might help the CBK make decisions on CBDCs. This position informed the CBK’s decision to seek feedback from the public on the applicability of a CBDC in February 2022.