Crypto Oracle, Author at Cryptotimes Africa

Crypto Is Transforming Africa’s Financial Landscape

by Crypto Oracle July 6, 2023

In a continent plagued by inflation and corruption, cryptocurrencies are helping Africans seeking financial stability and inclusion, according to Cointelegraph. Weak national currencies, unreliable banking systems, and government corruption have hindered economic growth and financial inclusion in Africa. Cryptocurrencies can offer a way…

De-Fi

DeFi Trends to Watch: Cross-Chain Swaps, Layer 2 Scaling, and DeFi 2.0

by Crypto Oracle July 5, 2023

Decentralized Finance (DeFi) has rapidly emerged as one of the most exciting and transformative sectors within the blockchain industry. With its promise of democratizing finance, enhancing financial inclusivity, and eliminating intermediaries, DeFi has gained significant traction and captured the attention of both…

Apple

Are We Back? Crypto Analysts Split on Bitcoin’s Bull Run

by Crypto Oracle July 5, 2023

Bitcoin may be far below the all-time high of $69,044 it touched towards the end of 2021, but this much is true: It has exceeded expectations in 2023 by surging 86% since the start of the year, when it was trading for…

News

South Africa to Demand Crypto Firms be Licensed by Year-End

by Crypto Oracle July 4, 2023

South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority has received about 20 applications since opening for licenses a few weeks…

Bitcoin Coins

Reserve Bank talks ‘digital rand’ and crypto in South Africa

by Crypto Oracle July 3, 2023

Regulators have made positive strides in bringing crypto-assets within the regulatory perimeter, says the South African Reserve Bank (SARB). This comes as the central bank continues its investigation and stress testing of distributed ledger technology (DLT) in financial markets. DLT is a…

De-Fi News

40% of South Africans Familiar With the ‘Concept of Web3’ — Study

by Crypto Oracle July 2, 2023

Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much…

Bitcoin News

Africa’s Crypto Market Grew by 1,200% Between 2020 and 2021 — Study

by Crypto Oracle July 2, 2023

Between the years 2020 and 2021, Africa’s cryptocurrency market grew by more than 1,200% while Kenya, Nigeria, South Africa, and Tanzania now all feature in the global top 20 for crypto adoption, according to the latest Emurgo State of Web 3.0 in…

Coins De-Fi

WTF is Optimism Blockchain ??

by Crypto Oracle June 29, 2023

Optimism is a layer-2 scaling solution for the Ethereum blockchain that aims to improve its scalability, reduce fees, and enhance transaction throughput. It utilizes a technology called Optimistic Rollup, similar to Arbitrum, to achieve these goals. Optimistic Rollup works by aggregating multiple…

Coins De-Fi

WTF is Arbitrum Blockchain ??

by Crypto Oracle June 29, 2023

Arbitrum is a layer-2 scaling solution for Ethereum, designed to improve scalability and reduce transaction costs on the Ethereum network. It aims to address the challenges of network congestion and high fees by enabling faster and cheaper transactions. Developed by Offchain Labs,…

Coins De-Fi

WTF is Polygon Blockchain??

by Crypto Oracle June 29, 2023

Polygon, formerly known as Matic Network, is a layer-2 scaling solution for Ethereum. It is designed to address the scalability and usability challenges faced by the Ethereum blockchain, aiming to improve transaction speed, reduce fees, and enhance the overall user experience. Polygon…