Tag: crypto crash

Revix Exchange: The Road to Redemption Through Asset Recovery

Revix Exchange had invested 24% of its total client assets in the South Korean company. On October 2, Haru Invets stated their...

Crypto trading in Africa on the rise despite challenges

So far, only a small portion of the population represents crypto adoption in Africa. If this trend continues, Africa is poised to be the next frontier of cryptocurrency adoption. Comparing the number of cryptocurrency owners against the country’s entire population across leading markets on the continent reveals that only 8.52 per cent of Kenya’s population is actively involved in crypto trading. South Africa, Nigeria, and Ghana follow closely at 7.11, 6.31, and 3.01 per cent, respectively. Consequently, many people remain curious to know how the crypto industry has transformed the payment landscape in Africa and the factors that have influenced the growth of crypto trading across Africa, even ahead of leading global markets.

Solana plummets due to its association with FTX

When FTX was still at the top of its game, it amassed vast sums of  SOL(Solana). This boosted Solana's ratings and ecosystem significantly. ...

Bitcoin catches the cold as crypto winter lowers its price again

Marred with hacks, scams and crashes, there are better years than 2022 for the crypto ecosystem Bitcoin has taken a heavy hit, and...

NFT industry struggle to stay afloat amid the crypto crash

The FTX crash significantly affected the entire crypto ecosystem According to the NFTGo, the Blue Chip Index is calculated by weighting the market...

Decentralized Finance surviving the crypto collapse

In Africa alone, millions of crypto traders have lost their hard-earned money. Its ripple effect has caused Africa's crypto adoption rate to regress...

BlockFi acquires court protection and sues FTX

In 2017, Flori Marquez and Zac Prince founded BlockFi in Jersey City to expand the crypto ecosystem by reinventing and reimagining the banking...

Lessons we can draw from the ongoing crypto market crash

Bitcoin is trading just above US$20000 (US$20971.10 at the time of writing), the Luna blockchain is gone, and the general market is in dire times with very few coins and tokens in positive territory on a 12-month basis.

A crypto crash to wipe out all fake protocols in the market

The entire cryptocurrency market now has a market capitalization of US$1.2 trillion, a massive drop from the US$2.9 trillion in November last year ...