Author: Terence Zimwara

South Africa’s financial services industry watchdog has issued a warning against unlicensed crypto trading firms accused of soliciting public funds while promising unrealistic returns of up to $542 per day. Unlicensed Crypto Firms Use Celebrity Names to Promote Offerings South Africa’s financial services industry watchdog, the Financial Sector Conduct Authority (FSCA…

The Bank of Korea has stated it has not considered adding bitcoin ( BTC) to its foreign exchange reserves, emphasizing the need for extreme caution on this matter. Volatility: Crypto’s Achilles Heel The South Korean central bank has stated that it has not explored adding bitcoin ( BTC) to the country’s foreign exchange reserves…

Farzam Ehsani, CEO of VALR, argue that Bitcoin’s decentralized and limited supply make it an attractive hedge against inflation and currency risk. Bitcoin a Hedge Against Currency Depreciation As South African firm Altvest Capital makes headlines as the first publicly traded company to adopt Bitcoin as a strategic reserve asset…

A Kenyan law enforcement agency said it regained control of its X and Facebook accounts on Feb. 9, just hours after hackers used them to promote a fake cryptocurrency. Hackers Offer Tokens for Likes Kenya’s Directorate of Criminal Investigations (DCI) announced Feb. 9 that it had regained control of its X and Facebook accounts from

Deribit said that starting Feb. 17, Russian accounts will switch to “reduce-only” mode, and all positions will be forcibly closed by March 29, although withdrawals will remain open. Withdrawals to Remain Open Deribit, a cryptocurrency derivatives platform, announced Feb. 5 that European Union (EU) sanctions on Russia have forced it to exit the country…