Tag: crypto volatility

Crypto regulations holds back Africa’s Web3 potential

According to hedgewithcrypto, the number of legal issues involving crypto decreased by 30% in 2019. According to (SEC) Chair Gary Gensler, the...

Crypto recovery? Bitcoin starts the year above the US$20,000 mark

On January 16, Bitcoin  rose by 8.5% from $17k to US$23,382 Experts warn crypto traders to tread carefully as a decline in value...

Brazil set to revolutionize crypto industry

According to Receita Federal, the Brazilian tax authority, between January and November, locals traded at least $11.4 billion in stablecoins in 2021 SmartPay,...

FTX trading LTD finally hits rock bottom

The crypto exchange platform FTX, once renowned as a possible crypto exchange that rivalled the likes of Binance, has now taken a nose...

Lawsuits prevent Ripple Network from hitting the $1 mark

According to Ripple's CEO, Brad Garlinghouse, various cryptocurrency exchange firms, crypto-based businesses, developers and individuals have amicus briefs. In 2013 Ripple network was...

Elon Musk’s tight grip on crypto volatility

After poking fun at the crypto space, Elon had a change of heart and decided to revive and support Dogecoin. Elon tweeted...

Africa’s crypto market resilient amid bear market challenges

Cryptocurrencies in Africa continued to perform their functions amid market downturn and volatility. The decreases in value during the crypto bear market 2022 undoubtedly affected some African investors in the same way as investors globally. However, retail investors remained immune to downturns compared to speculative traders since they likely use crypto for specific purposes. In African markets, crypto is a less tradeable asset and more of a hedge against capital restrictions and the volatility of local currencies. Even dramatic fluctuations in value, seen from this year’s crypto bear market, remain somewhat insignificant since African users normally cash in and out quickly. As long as Africa's crypto market allows users to transfer money in a timely and cost-effective manner, the specific price at which it trades is not a significant concern.

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,...

Using crypto as a hedge against inflation might take some time

During market turmoil, experts recommend the application of caution when it comes to crypto investing. Utilizing crypto as the only method for protecting assets from inflation would be imprudent. With time, blockchain technologies will improve, resulting in increased stability and the use of crypto as a hedge against inflation. The equipment is already in place.
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