Tag: cryptocurrencies

Wintermute’s DeFi operations compromised after a US$160 million crypto hack

Wintermute debuted in 2017, with its main focus on digital asset markets and supported and served many blockchain-based projects as well as Over-The-Counter(OTC)...

The explainer: the Ethereum merge and what it means for crypto investors

The Ethereum merger offers plenty for crypto investors to look forward to but will not generate instant benefits. Ethereum 2.0 will have to go through many phases to reach its full potential. Buterin said at the Ethereum Community Conference on July 22 that after the merge,' Ethereum would be just approximately 55% complete. The full Ethereum merge will occur sometime in 2023.

The recent crypto slump and the tough lessons on custody and control

The volatility highlighted by the recent crypto slump has had real-world effects, and the lessons gained serve as a reminder of why investors should...

Africa should step up crypto regulation to mitigate risk and costs

Since transactions are worldwide, crypto must have international coordination and holistic regulation. This way, crypto will live up to its potential on the African continent and beyond. Although significant progress exists in this area, the current fragmented approach to crypto regulation throughout the globe is not optimal.

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.

The environmental impact of cryptocurrency adoption and usage

The cryptocurrency transaction validation procedure structure and design make it consumes a lot of energy with considerable environmental impacts. Mining is one way of...

NFTs and blockchain crucial in concept of an African Metaverse community

While the concept of a metaverse may seem like something out of a movie, something a bit too far-fetched, it has the support of...

Crypto innovation: Locating and using Bitcoin ATMs in East and West Africa

Kenya (Kenrail Towers), Uganda (Uganda Post Office), and Djibouti are all in East Africa (Djibouti one and strong) are at the forefront, each with one Bitcoin ATM station

African countries working on Central Bank Digital Currencies

How many African countries are looking at central bank digital currencies, and how far are they? Only Nigeria has an active CBDC, South Africa and Ghana have a CBDC in the pilot phase while Mauritius and the Central African Republic have CBDCs coming soon

Crypto market crash and the effect the wider financial ecosystem

The present crypto market crush is similar to a traditional bear market in that it drives weaker start-ups out of business while allowing stronger firms to mature and validate their insights.

Crypto regulation: can African governments find unity of purpose in CBDCs?

Individual African countries cannot devise a worldwide plan to foresee the growth of private transnational digital currencies amidst crypto regulation needs because of their small economies.

Debunking Bitcoin’s volatility amidst the recent decline

With little historical background compared to more traditional investments, Bitcoin and other cryptocurrencies qualify as riskier assets due to their volatility.

Crypto and blockchain can lead the world to environmental sustainability

As an emerging technology, blockchain has attracted the attention of a wide range of organizations, including energy corporations, startups, technology developers, financial institutions, and...

Decentralized finance: Redefining financial transactions in the digital economy

In contrast to the traditional financial system, DeFi gives individuals greater control over their assets and the ability to choose how to invest them without relying on an intermediary.

Stocks and crypto: Which is a better investment?

Cryptocurrencies and stocks fall under different asset classes despite them having similar characteristics. On the one hand, cryptos are digital assets that can be distributed securely from one person to another. They store value and can also serve as a medium of exchange. 

Crypto adoption and usage in Africa soars despite challenges

In terms of finance, cryptocurrency has helped Africans catch up with other countries on a continent with emerging states. Crypto is a competitive marketplace for everybody, and access is not restricted to a select few.