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Tag Archives: cryptocurrency

Dozens suffer losses in Sham cryptocurrency scheme

Kampala, Uganda | THE INDEPENDENT  | Dozens of people in Masaka district are counting losses after investing in a sham a cryptocurrency business scheme. DUNAMISCOIN Resources Limited opened in Masaka town on November this year and started enrolling clients on its digital currency network. However, several people are crying foul …

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More companies back away from Facebook’s Libra coin

San Francisco, United States | AFP | Facebook’s digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency. Credit card giants Visa and Mastercard, online marketplace eBay and digital payments firm Stripe each announced they had changed their minds …

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Could cryptocurrency dethrone the US dollar?

London, United Kingdom | AFP | Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent …

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Gov’t seeks to regulate cryptocurrencies – Ajedra

Kampala, Uganda | THE INDEPENDENT | The government is conducting research on virtual currencies with a view of regulating digital transactions. The currencies are online tenders through which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a …

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Facebook to unveil new cryptocurrency

London, United Kingdom | AFP | Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world’s biggest social network is expected to outline details of a virtual currency launching next year that it hopes will …

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