カテゴリー: Zimbabwe

Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Bitcoin Volumes in Venezuela Plummet During Nationwide BlackoutVenezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the […]

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High Cost Slows Down Bitcoin ATM Growth in Africa

High Cost, Lack of Human Feel Slows Down Bitcoin ATM Growth in AfricaThere are more than 4,000 bitcoin automated teller machines (ATMs) in the world, but only just about 10 (or 0.2 percent) of these are in Africa. In a continent widely touted as the next big growth region for cryptocurrency, could it be that the story of Africa’s growth isn’t as real as many “Africa rising” […]

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Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal

Cryptocurrency Not 'Legal Tender', but Not Illegal EitherCentral bank warnings about crypto assets may give the impression that cryptocurrency is illegal, especially since these entities often cite reasons as to why they’re uncomfortable with virtual currencies encroaching on their turf. But their assertions are often inaccurate, particularly when it comes to determining the legality of cryptocurrency. Also read: Jamaica Stock Exchange Plans to […]

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Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy

Iran is toying with the idea of lopping zeros off its national currency as inflation goes through the roof. History tells us this is rarely a good idea. Cryptocurrency provides an alternative for those living in countries where the fiat currency is being rendered worthless. Crypto adoption in Iran is growing steadily, with government economic […]

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Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization

Bad Government Policies Could Help Fast Track Hyperbitcoinization in Struggling World EconomiesFor bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade. Credited to Satoshi Nakamoto Institute co-founder Daniel Krawisz, hyperbitcoinization is a term which describes bitcoin coming to dominate the global currency basket through mass adoption. Also […]

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Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own Economy

Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own EconomyA shutdown of the internet by the Zimbabwe government this week, in an attempt to quell deadly protests, ended up achieving the exact opposite result – a total shutdown of the economy, including key public services like health and education. Also read: South Africa Wants to Mandate Registration of Crypto Service Providers Miscalculating Government Paralyzes […]

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Thousands of Banned Binance Customers Remain Cut off by the Exchange

No Respite for Thousands of Binance Users Controversially Cut off by the ExchangeBinance, the world’s second largest digital asset exchange by traded volume, has withdrawn its services from countries targeted by U.S. economic sanctions, in line with its controversial revised terms of use. However, the ban affects entire populations in countries such as Zimbabwe, where U.S. restrictions are supposed to specifically target individuals and companies. Also read: Bitcoin […]

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Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization

Embracing Utility in 2019 — Unreliable Crypto-Networks Will Lose to HyperbitcoinizationCryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering a new era that can actually move past speculation to embrace real-world utility. The only way this feat will be accomplished, however, is by offering a […]

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Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist

Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights ActivistWhen reporting on cryptocurrency, the mainstream media often focuses on price drops relating to USD. But a human rights activist reminds the general public that Bitcoin is not another commodity or stock on the market, rather, a tool for liberation. Also Read: Iranian Students in the UK Use Bitcoin to Bypass Banks Bitcoin is a Tool […]

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Pan-African Bitcoin Exchange Kubitx Goes Live, Launches OTC Wallet

Kubitx, a pan-African digital asset exchange, went live on Dec. 20 after completing its beta test. The Malta-registered trading platform has also released what it calls a “hybrid over-the-counter (OTC) wallet” allowing users to buy and sell cryptocurrencies including BTC and BCH as well as to pay bills. Also read: U.K. Investors to Pay Capital Gains […]

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