Crypto Oracle, Author at Cryptotimes Africa

Prediction for Bitcoin Price: BTC Remains Strong During Marketwide Decline; When Will the Next Upswing Start?

by Crypto Oracle November 20, 2023

The market leader in cryptocurrencies, Bitcoin, has shown incredible resilience by holding steady above the crucial $37,000 level even throughout a general market decline. An electorate in Argentina who has been a strong supporter of Bitcoin, Javier Milei, won an election. This…

News

With an eye toward $6 billion in exports, USE CASE | Uganda is building TradeXchange, a national trade platform on blockchain.

by Crypto Oracle November 20, 2023

Uganda and CargoX have reached a deal to launch TradeXchange, a national platform for trade facilitation. "On August 23, 2023, the Presidential Advisory Committee on Exports and Industrial Development (PACEID) of Uganda and the Technology Associates & CargoX consortium (TA-CargoX) signed the…

Bitcoin News

BULL MARKET: In 2023, Bitcoin has increased by over 100%, and for the first time in two years, market dominance has crossed 50%.

by Crypto Oracle November 19, 2023

According to CoinGecko data, which covers more than 90% of the cryptocurrency market capitalization, Bitcoin has risen by over 100%, making it one of the best performing assets to date. This rise came despite a challenging 2023. Because of this, institutions and…

Bitcoin News

SEC Postpones Decision on Global X’s Bitcoin ETF; New Deadline Is Set

by Crypto Oracle November 18, 2023

Decisions regarding the spot Bitcoin (BTC) exchange-traded fund (ETF) applications filed by Global X and Franklin Templeton have been deferred by the US Securities and Exchange Commission (SEC). The government set a new deadline of December 22 for public comments on Global…

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Launched in Kenya and South Africa, the Telegram Wallet Bot will expand to additional countries in 2024.

by Crypto Oracle November 18, 2023

Wallet, a cryptocurrency trading bot, is launching globally on Telegram Messenger in a number of Latin American and African nations. On November 10, 2023, The Open Platform (TOP), a Dubai-based investment platform connected to TOP Labs and Wallet, announced the Wallet crypto…

Bitcoin News

Prediction for Bitcoin Price as it Drops 2.7% to $36,000 Level Top Levels to Watch Right Now

by Crypto Oracle November 17, 2023

Within the volatile realm of cryptocurrencies, Bitcoin (BTC/USD) has experienced a significant decline of 2.7%, resulting in a recent drop to the crucial $36,000 mark. For traders and investors alike, this movement represents a critical turning point. They are now closely monitoring…

News

FINTECH AFRICA | PayStack, the top Nigerian fintech, is reducing operations outside of Africa and putting more emphasis on local teams.

by Crypto Oracle November 17, 2023

33 employees at PayStack, the $200 million Nigerian fintech that Stripe purchased in 2020, are reportedly being let go throughout Europe and the United Arab Emirates (UAE). In a tweet, Paystack CEO Shola Akinlade acknowledged the layoffs, saying that 33 staff in…

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Regulation: In an effort to combat cryptocurrency money laundering, South Africa has adopted the Global Standard Crypto-Asset Reporting Framework (CARF).

by Crypto Oracle November 16, 2023

To strengthen efforts to combat those who utilize cryptocurrency assets to avoid paying taxes and engage in money laundering, South Africa is one of 48 nations or territories that have adopted the Common Reporting Standard. The South African Revenue Service (SARS) said…

News

LIST | One Enables Crypto Out of 23 African Startups Selected for the First-Ever VISA Fintech Accelerator

by Crypto Oracle November 16, 2023

Visa has selected twenty-three African startups to join the Visa Africa Fintech Accelerator's first cohort. The majority of the chosen startups were from Nigeria, with Ghana, Kenya, Morocco, South Africa, Egypt, Uganda, Zambia, and Tunisia following. The startups listed below were chosen…

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REGULATION | Flutterwave Receives International Money Transfer License from Malawi Reserve Bank

by Crypto Oracle November 15, 2023

Regional and dispersed Malawians can now conduct foreign payments through a reputable platform that is one of Africa's few unicorn firms by using Flutterwave's cross-border remittance solution, Send App. According to a og post by the Nigerian payments technology startup Flutterwave, it…