Cryptocurrency can supplement mobile money in Africa if regulators can be convinced of its benefits, according to the CEO of Kenya’s biggest lender by market value.
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Tether, USDC and others lost their prized pegs to the dollar last week. But was it an isolated outburst, or are they losing their soul?
The crypto market may well bounce back. But the message is clear: this stuff is not ready for prime time.
Last week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto.
Cryptocurrencies nursed large losses on Friday, with bitcoin set for a record losing streak as the collapse of TerraUSD rippled through markets.
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion.
Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering the implications of the tumult for the broader market.
Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalise on its dramatic drop.
Tanzania is edging closer to introducing a central bank digital currency to help counter the rising popularity of cryptocurrencies in the East African nation.