Crypto Oracle, Author at Cryptotimes Africa

$7.8 Billion was lost in Crypto ponzi and pyramid schemes In 2022

by Crypto Oracle July 15, 2023

In a report published on June 28 by TRM Labs, a prominent blockchain intelligence firm, an astonishing $7.8 billion was paid out to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. The report also suggests that an additional $1.5 billion worth of…

Bitcoin Coins

Bitcoin Price Outlook for July

by Crypto Oracle July 15, 2023

Two weeks into July and bitcoin has risen to a fourteen-month high, as cryptocurrency markets reacted to the Ripple Labs’ ruling. XRP was partially ruled to not be a security by U.S. judge Analisa Torres, after a lawsuit from the Security and Exchange Commission…

Industry

This Is How Scammers Can Drain Your Crypto Wallet

by Crypto Oracle July 14, 2023

Scammers spun up at least 7,905 blockchain wallets in May to collect crypto they steal from ordinary users, according to a blockchain security company Forta Network. Forta, which has recently launched its own token, operates a network of bots that detect various kinds…

De-Fi

The Risks and Challenges of DeFi: Security, Regulation, and Smart Contract Vulnerabilities.

by Crypto Oracle July 14, 2023

Decentralized Finance (DeFi) has gained immense popularity for its potential to revolutionize the financial landscape. However, as with any emerging technology, DeFi is not without its risks and challenges. In this article, we will explore three significant areas of concern in the…

uncategorized

Shiba Inu Among Top Most Popular Crypto in South Africa and Ivory Coast

by Crypto Oracle July 12, 2023

A fresh report from CoinGecko shows that Ivory Coast and South Africa are among the top African countries leading the global adoption of Shiba Inu (SHIB). Shiba Inu (SHIB), one of the top truly decentralized projects making waves in the crypto industry, continues to…

Industry

What Is ActivityPub? Understanding the Social-Media Protocol Meta’s Threads Plans to Use

by Crypto Oracle July 11, 2023

Meta’s launch of Threads has brought new interest in ActivityPub and how the social network protocol and the associated fediverse – including the Twitter-like Mastodon – work. The new Twitter-like social media service from Mark Zuckerberg’s Meta, Threads, was released in July…

Industry

Crypto interest in Nigeria remains high, accounting for 67% of Africa’s interest

by Crypto Oracle July 10, 2023

Nigeria has shown more interest in crypto assets like Bitcoin and Ethereum than any other country in Africa, according to a research report just released by price tracking firm CoinGecko. A Year-to-date, data breakdown shows that Africa’s most populous country accounts for…

Bitcoin Industry

Bitcoin vs Libra: Here are the key differences between the two cryptocurrencies

by Crypto Oracle July 9, 2023

Facebook has made headlines of late with its plans to create a cryptocurrency. The social media company has been forced to defend the project on Capitol Hill, amid regulatory concerns around data privacy and potential illegal usage, while the G-7 has warned it poses “serious”…

Industry News

Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’

by Crypto Oracle July 8, 2023

According to a report, the Reserve Bank of Zimbabwe has commenced trials, or the “dry run” test, for the viability of launching a gold-backed digital currency. Nelson Mupunga, the director of economic research at the central bank, reportedly said the digital currency…

Industry News

Blockchain Regulations in South Africa: What you need to know

by Crypto Oracle July 7, 2023

When it comes to crypto adoption in Africa, South Africa sits among the top list of nations that own crypto assets on the continent. With a banked population rate of 79%, Mobile Cellular subscription rate of 169% and over 41 million South…