Tag Archives: cryptocurrency

Montreal, Canada | AFP | Investors in a cryptocurrency exchange who lost access to tens of millions of dollars when the website’s Canadian founder died abruptly, are demanding his body be exhumed to rule out any chance that he faked his own death. The case focuses on the sudden death of …

Kampala, Uganda | THE INDEPENDENT  | Ugandans are better off investing their money in cows than plunging into the unknown world of cryptocurrencies, Stanbic bank chief executive Patrick Mweheire has said. A cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of …

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 …

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 …

San Francisco, United States | AFP | Pioneering digital payments firm PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators. “PayPal has made the decision to forgo further participation in the Libra Association at this time,” …

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 …

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 …

Paris, France | AFP | European financial leaders on Tuesday vowed vigilance after Facebook announced it was diving into the cryptocurrency market, as analysts warned the social media giant could face major regulatory questions. French Finance Minister Bruno Le Maire, whose government initiated a new tax on digital giants like Facebook …

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 …

New York, United States | AFP | The US Securities and Exchange Commission on Monday laid charges over a fraudulent cryptocurrency fundraiser that boxer Floyd Mayweather and rapper DJ Khaled touted on social media. Neither celebrity is accused in the scheme which the SEC said raised more than $32 million from …