'Femi Michael, Author at Cryptotimes Africa

No to ‘crypto,’ yes to blockchain technology

by 'Femi Michael August 29, 2023

Breaking common misconceptions and providing various industries and the youth with a deeper understanding and clarity of blockchain technology are the primary targets of the second Philippine Blockchain Week (PBW) on September 19-21, 2023. Ida Tiongson tells CoinGeek Backstage Enumerating the recent happenings in the “crypto”…

Industry

Bitcoin revenue per terahash nears record lows as hashrate soars

by 'Femi Michael August 28, 2023

As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since…

Coins

Bitcoin and Ethereum Recover While Pepe Gets Squeezed

by 'Femi Michael August 26, 2023

While most leading cryptocurrencies spent the week recovering, shady transactions from PepeCoin’s team kept the meme coin in free fall. This week markets appeared grateful for the dearth of news—"no news is good news," as the saying goes. Most leading cryptocurrencies recovered…

Coins

Founders of Crypto Mixer Accused of Laundering $1 Billion

by 'Femi Michael August 26, 2023

Department of Justice: ‘You Can’t Hide From Us Behind a Keyboard — Whether You’re a Hacker or Facilitator’ Roman Storm and Roman Semenov were indicted federally on charges of conspiracy to launder money, conspiracy to violate sanctions laws, and operation of an unlicensed money-transmitting…

Bitcoin Industry Interview

Sailor paints giant ‘B’ on boat to promote crypto across the waves

by 'Femi Michael August 26, 2023

A captain from Brussels took his passion for sailing and Bitcoin and set sail on his Sato Boat painted with a giant orange “B” to promote the cryptocurrency across the seas. There are some passions that are larger than life—some so expansive…

Industry News

BRICS Initiative

by 'Femi Michael August 26, 2023

Barely 24 hours from the just concluded 15th Annual BRICS Summit, Brazil has proposed the Chinese Yuan as Trade Guarantee to Argentina as the dollar’s influence declines drastically in that country. So, in order to reduce the trade risks associated with the…

Coins

Will This Accelerate Group Coin Launch?

by 'Femi Michael August 25, 2023

Attributes Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and UAE will join BRICS. BRICS members aim to launch a currency reserve aimed at rivaling the U.S. dollar. Macroeconomist Lyn Alden points out a major flaw with creating a BRICS currency. The BRICS bloc admitted Saudi…

Bitcoin Coins News

Prediction: 2024, BTC Could Propel Price to $400,000

by 'Femi Michael August 23, 2023

The highly anticipated 2024 bitcoin halving could spark a meteoric price rise, potentially driving its value to a staggering $400,000, suggests an analysis by Blockware Solutions. The forecasted supply trim in 2024 might ignite an explosive demand for bitcoin. The report highlights…

News

Parliament Kicks Off Probe on Worldcoin Activities in Kenya

by 'Femi Michael August 23, 2023

Nairobi — Inquiry into the controversial operations of American cryptocurrency firm Worldcoin, has been launched by the Joint National Assembly Ad hoc Committee. Activities of the company were suspended last month when it started taking iris biometric data from people while paying…

Coins Industry

IT’S BRICS – 0 – CLOCK!

by 'Femi Michael August 23, 2023

What are your expectations as the Summit gets underway in South Africa with about 24 countries, most of them African, applying to join BRICS? A BRICS reserve currency that’ll be backed by gold and used to counter and curtail the U.S. dollar…