Crypto Oracle, Author at Cryptotimes Africa

Ethereum (ETH) Sets New Record With $52 Billion Worth Securing Network

by Crypto Oracle July 22, 2023

The second-largest cryptocurrency, Ethereum, has set a new record with a massive $52 billion worth now securing the ETH network. Per IntoTheBlock, the Ethereum network is currently being secured by a staggering $52.3 billion, marking the highest value ever reached. Recent data…

African crypto platform, Bundle shuts down after 3 years of operations

by Crypto Oracle July 22, 2023

The news: African crypto exchange, Bundle Africa, has shut down operations after three years of operation. It says it'll now focus on expanding Cashlink, its peer-to-peer (P2P) payment network. The company has amassed 50,000 monthly active users over the years and $50…

News

Ripple Boasts New Partnership to Test Issuing Crypto, CBDCs and Stablecoins

by Crypto Oracle July 21, 2023

A recent blog post published by Ripple shares that the blockchain behemoth has added Super How blockchain tech research lab to work on the Axiology project together. Ripple involved in new EU crypto project This project has a goal to test and…

Bitcoin Coins News

Stablecoin Market Share is Shrinking While Most Cryptocurrencies Surge

by Crypto Oracle July 21, 2023

(Bloomberg) -- One of the more head-scratching phenomenas playing out in the digital-asset world is the shrinking of the stablecoin market while most cryptocurrencies are posting outsized gains this year. Traders use stablecoins to move money into and out of cryptocurrency markets,…

Coins News

Shiba Inu Coming to Canada With Major Partnership, XRP Tops $0.8 After Price Spike, Dormant SHIB Wallet Awakens to Help Burn 113 Million SHIB: Crypto News Digest by U.Today

by Crypto Oracle July 20, 2023

Shiba Inu (SHIB) coming to Canada with major partnership Shiba Inu's official Twitter handle has recently announced that it is heading to Toronto, Canada, in collaboration with Welly, a unique fast-food chain. The duo is joining forces to take part in ETHToronto,…

Industry News

Africa’s largest bank wary of digital assets, wants to be a ‘fast follower’

by Crypto Oracle July 19, 2023

Standard Bank, Africa’s largest lender by assets, is wary of diving into digital assets but will be a fast follower once mainstream adoption kicks in, the bank’s CEO has revealed. The South African bank has been watching developments in the space but has yet…

Industry News

How the $275M FTX disaster caused Temasek to shun digital currency investments

by Crypto Oracle July 19, 2023

It’s no secret that the collapse of Sam Bankman-Fried’s digital currency exchange FTX was devastating. However, it’s not just a past event; its consequences are still reverberating, causing institutional investors like Singapore’s sovereign wealth fund Temasek to shun the digital currency industry.…

News

Ethereum Stablecoin Developer Ethena Surpasses Epic Milestone

by Crypto Oracle July 17, 2023

Ethena, a crypto start-up, has achieved a significant milestone by securing an impressive $6 million in seed funding, according to a report from Axios. The funding round, led by prominent investment firm Dragonfly, demonstrates growing interest in Ethena's cutting-edge stablecoin project. …

News

XRP Dethrones Bitcoin (BTC) as Top-Traded Asset, Dominates 20% of Crypto Market

by Crypto Oracle July 17, 2023

In a groundbreaking development, XRP, the "liberated" token, has surpassed Bitcoin (BTC) to become the highest volume asset on the crypto market. According to a report by smart data portal Kaiko, a staggering 21% of all crypto trade volume has been attributed…

Coins NFT

Namibia imposes tax on Cryptos and NFTs

by Crypto Oracle July 16, 2023

Recognizing the remarkable growth of the digital asset space, many countries, especially in Africa, are not only acknowledging their significance but are now also seeking ways to regulate and benefit from these new financial instruments. Namibia has just made a significant move…