Finance

What is the economic impact of cryptocurrencies?

Although the cryptocurrency market appears to grow in a positive feedback loop, that does not mean that (un)expected events may not impact the trajectory of the ecosystem as a whole.  Although blockchain and cryptocurrencies are fundamentally meant as ‘trustless’ technologies, trust remains key there where humans interact with one another. The cryptocurrency market is not only impacted by the broader economy, but it may also generate profound effects by itself. Indeed, the Terra case shows that any entity — were it a single company, a venture capital firm or a project issuing an algorithmic stablecoin — can potentially set into motion or contribute to a “boom” or “bust” of the cryptocurrency ma...

Why Gen Xers & Boomers are Embracing Cryptocurrency 

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Ukheshe & Digital PayGo Partner to Drive Zambian Business Growth

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Binance Brings Crypto Futures Trading Back in South Africa

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European stock exchange to list Bitcoin carbon neutral ETP

A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23.  The company positions its ETP as a “sustainable and climate-friendly” exposure to Bitcoin with a management fee of 1.49%. The alignment with global environmental goals and Environmental, Social and Corporate Governance (ESG) is reportedly achieved through funding certified carbon removal and offset initiatives to neutralize the associated BTC carbon footprint. To structure the ETP, Valour partnered with Patch — a platform that provides climate action infrastructure and has previously worked with Andreessen Horowitz and other notable institutional investors. The announcement states: “All carbon emissi...

Binance Goes on a Crypto Education Tour Across Francophone Africa

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As Music Stocks Keep Slipping, This One K-Pop Company Is Bucking the Trend

South Korean music company SM Entertainment, home to such groups as NCT 127 and SuperM, stands apart in a competitive music business for withstanding stock market downturns that have hit all other publicly-traded music companies.   Since December, stocks have been on a downward trend, sparked by the Federal Reserve’s intention to raise the federal funds rate to prevent the economy from overheating and rein in inflation. And while music is often said to be recession-proof, music companies’ stocks are not immune from larger economic trends and investors’ desires for safer options during chaotic times. Even though the global music industry is posting double-digit revenue growth, the share prices of publicly traded music companies have followed the broader trends and stumbled in the face ...

Good News: Crypto-Mining Attacks Decline Across Africa

Image sourced from www.pymnts.com. In Q2 2022, Kaspersky solutions detected 40,788 new modifications of miners. According to Kaspersky Security Network data, in the African region, the number of home users affected by cryptominers in Q2 of 2022 decreased slightly compared to the previous quarter. However, the possibility of a surge in cryptomining attacks persists and could be directly correlated to cryptocurrency exchange rates. What is Crypto-Mining? Cryptomining is a process during which users mining cryptocurrencies utilise computers, data, codes, and calculations to validate cryptocurrency transactions and earn cryptocurrency as compensation for their work. Cryptomining is highly resource-consuming and hence expensive to do, which is why cybercriminals seek access to others’ machines ...

What is Forex Trading?

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Fintech: Clickatell Partners the Central Bank of Nigeria to Increase eNaira Services

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Tiktok Owner ByteDance Offers to Buy Back $3B in Outstanding Shares

TikTok owner ByteDance Ltd. could spend as much as $3 billion to buy back shares from investors after the company scrapped its plans to go public this year, the Wall Street Journal reported on Friday, citing a memo sent to ByteDance investors.  The China-based company offered to repurchase investors’ existing shares for up to $176.94 per share, a move that would value ByteDance at close to $300 billion, much higher than previously reported, according to the WSJ.   While the company did not provide a reason for the share repurchase in its memo, the move would provide liquidity to some of its long-term shareholders, offering some recompense for the scrapped IPO plans, the WSJ reported.  ByteDance indefinitely shelved plans for an initial public offering in the U.S. or Hong Kon...

The Ethereum Merge: A Landmark Moment for Crypto?

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