Crypto Oracle, Author at Cryptotimes Africa

BITCOIN | As Mt. Gox Gets Ready to Make Distributions, Over 141K BTC Supply May Hit the Market

by Crypto Oracle June 20, 2024

Investors with keen eyes have noticed wallets from the defunct bitcoin exchange Mt. Gox moving more than $7 billion in cryptocurrency. The market saw considerable panic after the now-defunct cryptocurrency exchange allegedly transferred over 141K Bitcoin, or more than $9 billion, from…

News

LAUNCH | M-PESA and Pezesha Introduce Mkopo Wa Pochi, a Kenyan Small-Business Lending Service

by Crypto Oracle June 20, 2024

According to reports, M-PESA and Pezesha, two Kenyan fintech companies, are teaming up to introduce Mkopo wa Pochi, a new credit facility that would let small business owners borrow money straight from their M-PESA business accounts. Mkopo wa Pochi, which will supplement…

News

BANKING | Standard Bank, the biggest bank in South Africa, reports a more than 120% rise in the number of offshore accounts since 2021.

by Crypto Oracle June 19, 2024

According to a statement obtained by a local station, Standard Bank of South Africa has claimed a 121% increase in the number of offshore accounts created since June 2023. Bank executives claim that customers are looking to diversify their assets internationally in…

News

NIGERIA | According to a local analysis, the Niger Delta is where Bitcoin interest in Nigeria is strongest.

by Crypto Oracle June 18, 2024

Despite an increasing crackdown on digital asset trading platforms, local Nigerians are nonetheless interested in cryptocurrencies. Bitcoin and meme coins like DogeCoin are the most popular in different locations. An survey by a local publication claims that financial gain and hedging against…

News

REPORT | The Most Recent AfDB Report Indicates That Africa’s Average Inflation Rose to 17% in 2023

by Crypto Oracle June 18, 2024

According to a recent analysis by the Africa Development Bank (AfDB), average consumer price inflation in Africa is predicted to have climbed by 3 percentage points to 17 percent in 2023 from 14 percent in 2022. The report stated that the increase…

Bitcoin

BITCOIN | As Bitcoin Open Interest Breaks ATH, Analyst Warns That “The Crypto Market is Getting Away with Itself”

by Crypto Oracle March 7, 2024

On March 4, 2024, open interest in Bitcoin reached $31 billion, breaking the previous high of $24.3 billion established on April 14, 2021. Analysts are urging caution due to the increase in open interest, drawing comparisons to the bull market of 2021.…

Coins News

Memes Inspired by Biden and Trump Take Center Stage with 10,000% Gains in Solana’s Meme Coin Surge

by Crypto Oracle March 6, 2024

A new wave of meme coins modeled after politicians and celebrities is gaining popularity as Solana meme coins like Dogwifhat (WIF) and Bonk (BONK) soar in value. These coins have daily increases in the thousands of percent. While BONK and WIF are…

News

Regulating virtual assets responsibly is a call made by the Blockchain Industry Coordinating Committee of Nigeria (BICCoN) to the government.

by Crypto Oracle March 5, 2024

Media outlets claimed on February 22, 2024, that Nigeria has ordered its internet service providers (ISPs) and telecommunications firms (telcos) to prohibit access to platforms for trading virtual assets. The country's telecom regulator, the Nigerian Communications Commission (NCC), specifically instructed carriers to…

News

Funding: BFREE, a Nigerian debt collection startup, raises $3 million to expand operations around the continent

by Crypto Oracle March 4, 2024

In a round headed by Capria Ventures, Nigerian fintech BFREE secured $2.95 million with the goal of expanding throughout the continent. A tech-enabled debt collection firm called BFREE was founded with the goal of automating and introducing moral debt recovery practices. After…

News

Launching Baki, a Synthetic Stablecoin Platform for African Currencies on Avalanche, is Canza Finance’s African DeFi On-Off-Ramp.

by Crypto Oracle March 2, 2024

Canza Finance has launched Baki, a new stablecoin platform based on African fiat currencies, in what is described as an initial move to bring forex trading to emerging markets. Baki, built on Avalanche, a popular L2 network, is an infinite-liquidity forex protocol…