Zimbabwe

‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

'Zimdollar' Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency FloundersP2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli Ncube sees the […]

The post ‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders appeared first on Bitcoin News.

BTC Peer-to-Peer Trading Rises Amid Ban on USD in Zimbabwe: Report

Bitcoin peer-to-peer trading in Zimbabwe surges amid the ban on foreign currencies and central bank’s ban of crypto transactions

No, Bitcoin Isn’t Really Selling for $76,000 in Zimbabwe: Analysts

Zimbabwean and South African crypto traders are facing soaring premiums on their bitcoin

Binance DEX Website Will Geoblock Users From 29 Countries, Including the US

Access to the decentralized exchange developed by major cryptocurrency exchange Binance will be blocked from 29 countries

Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity

The Zimbabwe Stock Exchange wants to introduce blockchain-based products, but needs regulatory clarity according to an executive

Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Bitcoin Volumes in Venezuela Plummet During Nationwide BlackoutVenezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the […]

The post Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout appeared first on Bitcoin News.

High Cost Slows Down Bitcoin ATM Growth in Africa

High Cost, Lack of Human Feel Slows Down Bitcoin ATM Growth in AfricaThere are more than 4,000 bitcoin automated teller machines (ATMs) in the world, but only just about 10 (or 0.2 percent) of these are in Africa. In a continent widely touted as the next big growth region for cryptocurrency, could it be that the story of Africa’s growth isn’t as real as many “Africa rising” […]

The post High Cost Slows Down Bitcoin ATM Growth in Africa appeared first on Bitcoin News.

Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal

Cryptocurrency Not 'Legal Tender', but Not Illegal EitherCentral bank warnings about crypto assets may give the impression that cryptocurrency is illegal, especially since these entities often cite reasons as to why they’re uncomfortable with virtual currencies encroaching on their turf. But their assertions are often inaccurate, particularly when it comes to determining the legality of cryptocurrency. Also read: Jamaica Stock Exchange Plans to […]

The post Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal appeared first on Bitcoin News.

Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy

Iran is toying with the idea of lopping zeros off its national currency as inflation goes through the roof. History tells us this is rarely a good idea. Cryptocurrency provides an alternative for those living in countries where the fiat currency is being rendered worthless. Crypto adoption in Iran is growing steadily, with government economic […]

The post Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy appeared first on Bitcoin News.

Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization

Bad Government Policies Could Help Fast Track Hyperbitcoinization in Struggling World EconomiesFor bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade. Credited to Satoshi Nakamoto Institute co-founder Daniel Krawisz, hyperbitcoinization is a term which describes bitcoin coming to dominate the global currency basket through mass adoption. Also […]

The post Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization appeared first on Bitcoin News.

Pages

Subscribe to RSS - Zimbabwe