'Femi Michael, Author at Cryptotimes Africa

The crypto investment company scam that promised 20% returns

by 'Femi Michael October 25, 2023

In Africa, and more specifically in the Central African Republic (CAR), the case of the crypto investment company Clé du Succès is causing a stir, with traders apparently disappearing with the loot of USD 1.6 million. The company allegedly only launched last September, luring potential…

Bitcoin

Bitcoin Bulls Eye $38K After Breakout

by 'Femi Michael October 25, 2023

Bitcoin has reached its highest level since May 2022 Rumors regarding a new ETF have been the reason behind the cryptocurrency's steep surge Is the price surge sustainable for the crypto or is it just a short-term rally before a move lower?…

News

Crypto’s role in terrorist financing

by 'Femi Michael October 23, 2023

Cryptocurrency's role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas. Israel has seized crypto accounts it says are linked to Hamas. U.S. lawmakers have urged the government to crack down on the use…

Bitcoin Coins

by 'Femi Michael October 23, 2023

Last week, we saw yet more evidence of this global trend toward a better-regulated, tamer industry when the G20 adopted a regulatory roadmap outlined in a paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB). The G20 unanimously accepted…

Article News

Bitcoin, the largest cryptocurrency by circulation, climbed as high as $30,022

by 'Femi Michael October 23, 2023

LONDON - Bitcoin jumped on Friday above $30,000 for first time since July , taking gains for the week past 10%, against a backdrop of volatile trading across cryptocurrencies. Bitcoin, the largest cryptocurrency by circulation, climbed as high as $30,022, its highest…

Coins

Crypto Lawyer Reveals Why SEC Conceded Defeat

by 'Femi Michael October 22, 2023

One of the key highlights for the week is how the United States Securities and Exchange Commission (SEC) conceded defeat by dismissing its charges against Brad Garlinghouse and Chris Larsen, the top two executives of payments firm Ripple Labs Inc. As a…

Coins

Brazil welcome Coinazer Expansion toward its Crypto Services

by 'Femi Michael October 22, 2023

After witnessing substantial success in its operations and user engagement, Nigerian crypto venture Coinazer is venturing into the Brazilian market. Established in April 2022, Coinazer proudly serves a community of 5,000 users and has overseen transactions totalling a noteworthy $3.8 million Central…

Coins

Ferrari to accept crypto

by 'Femi Michael October 14, 2023

MILAN (Reuters) – Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority…

Coins Industry

Can Ethereum Continue to Outperform Bitcoin?

by 'Femi Michael October 13, 2023

Ethereum continues to outperform Bitcoin in October. The recent decline in interest in the Ethereum network can be attributed to the increase in returns on lower-risk traditional assets. While the Ethereum network has been operating as the largest liquid staking platform following…

Article Bitcoin Coins

Bitcoin, Ethereum Bulls Brace to Defend Last Line of Support

by 'Femi Michael October 13, 2023

Bitcoin remains under the pressure of a persistent tightening monetary policy amid macroeconomic uncertainty. The current environment has seen a diminishing appetite for risk, driven by the belief that the transition to a more accommodating monetary policy will be delayed, especially in…