West African regional union worried about digital currency volatility
African regional

West African regional union worried about digital currency volatility

Home » Business » West African regional union concerned with digital currency volatility A regional economic organization for West African states has voiced its concerns over digital currencies, particularly in terms of volatility. The Economic Community of West African States (ECOWAS) pointed to the recent volatility in the BTC price as a stark reminder that…

Will An African Nation Be The CLOSE TO Adopt Bitcoin?
African Country

Will An African Nation Be The CLOSE TO Adopt Bitcoin?

With El Salvador becoming the first country to give legal tender status to bitcoin, it begs the question: should African countries follow suit? After June 8, we can say that the world entered the “nation state game theory” phase of Bitcoin adoption. Latin American neighbors to El Salvador, such as Panama, have started mulling over…

South African asset supervisor denies stealing billions from customers, claims $5M was misplaced inside hack
African South

South African asset supervisor denies stealing billions from customers, claims $5M was misplaced inside hack

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.”

Southern African Exit Scam Sees Brothers Vanish with USD 3.6B in Bitcoin
African South

Southern African Exit Scam Sees Brothers Vanish with USD 3.6B in Bitcoin

Source: Adobe/Akin OzcanAn apparent exit scam in South Africa could have left investors out of pocket to the tune of USD 3.6bn after the two brothers who operate the Africrypt project “vanished” following reports of a hushed-up “hack.” Per Bloomberg, Hanekom Attorneys, a legal firm in Cape Town was hired by investors, but claims it…