Kampala, Uganda | THE INDEPENDENT | Nathan Igeme Nabeta, the Jinja East Municipality Member of Parliament has asked the Speaker of Parliament to apply the rules of the House allowing debate of the Capital Markets Authority Amendment Bill without a certificate of financial implications. The government, through the Ministry of …
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New York, U.S. | Xinhua | Multiple U.S. agencies have filed charges against Sam Bankman-Fried, founder and former chief executive officer of cryptocurrency derivatives exchange FTX, which went into bankruptcy in November 2022. The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Bankman-Fried with defrauding investors and customers in crypto …
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New York, U.S. | Xinhua | U.S. cryptocurrency lender BlockFi Inc. may allow its clients to withdraw their assets soon according to the first hearing on Tuesday, one day after its announcement of voluntary bankruptcy. A motion could be filed quickly to allow BlockFi’s customers to withdraw from their personal wallets, …
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New York, U.S. | Xinhua | The recent bankruptcy of heavyweight cryptocurrency derivatives exchange FTX slammed confidence in the nascent industry, with pressure mounting for more regulation in the crypto space, according to industry insiders. The fall of FTX means a setback for the industry for at least one cycle, which …
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Beijing, China | Xinhua | China’s internet watchdog on Tuesday said it had intensified a crackdown on illegal online information that may lead to speculation and fraud involving cryptocurrency. The move since earlier this year was aimed at protecting people’s property, according to the Cyberspace Administration of China. While urging leading …
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Kampala, Uganda | THE INDEPENDENT | Binance has unveiled free classes to Ugandans as it continues with its mission to increase the freedom of money for users, drive blockchain adoption and enable greater accessibility to a wider population globally. Through the Binance Academy, the company remains at the forefront of …
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People are looking for a storehouse of value or investment assets which could appreciate under the circumstance of high inflation and debt New York, U.S. | Xinhua | The recent embracement of cryptocurrency Bitcoin by multiple enterprises and investment firms greatly inflated Bitcoin prices, with market capitalization of Bitcoin topping 1 …
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London, United Kingdom | AFP | Bitcoin miners, whose computer processors enable the running of the world’s most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry. So-called halving is when cryptocurrency-mining companies and individuals find out the …
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Kampala, Uganda | THE INDEPENDENT | Former employees at Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have hinted that security agencies opted for soft targets in the scam that saw thousands of Ugandans lose billions in deposits. Dunamiscoins was operating a money lending business with branches in Masaka, Ndeeba, Mbale, …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority has blacklisted a cryptocurrency exchange known as Dunamiscoins Resource Centre Ltd. The initial license issued to the company last year has expired, and according to the authority, it will not be renewed. UMRA, the regulators of Tier 4 Microfinance …
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