Hackers Targeted Hong Kong Apple Devices in Widespread Attack
Visitors to pro-democracy and media sites in the region were infected with malware that could download files, steal data, and more. Powered by...
Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects
While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist the digital currency’s already tenuous position is made worse by the fact that it has to compete with fintech startups. As previously reported by Bitcoin.com...
OVR Upgrades Its Token Economics
OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token economics. OVR’s token economics plan On November 1, a full-fledged token burn program was officially kicked off. The project team has decided to...
Botswana Does Not Have Regulatory Framework for Crypto — Central Bank
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding to Public Inquiries In its statement released on November 10, the central bank starts by acknowledging that local residents, just like...
Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by Moneyweb, Africrypt creditors are set to vote on the compromise offer on November 12, 2021....
