Tag: effects of the crypto winter

The Network Effect theory and its advantages to Africa’s web3 network

The Network effect theory states that the value of a product or service increases based on an increase in users. Bitcoin's value...

Chipper Cash forced to lay 12.5% of its staff

In 2021, Chipper Cash application had over 4 million active users across Kenya, Uganda, Rwanda, etc. Chipper Cash fired more than 12.5%...

Kraken crypto exchange fined US$30 million for violating crypto regulations

On February 9, the US SEC stated that Kraken had failed to register offer and sale of their crypto staking-as-a-service. The Kraken crypto...

Metropolitan Bank succumbs to crypto winter

Metropolitan Bank announced that it intends to end all crypto-related services due to the long-standing effects of the crypto winter The Metropolitan Commercial...