Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

Casting Stones From a Glass House: Yellen's Comments on Zambia's Debt Restructuring Draw Criticism From Chinese EmbassyThe Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The embassy castigated Yellen’s comments in […]

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Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review

Macro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia helping the kwacha overtake the ruble as the world’s best-performing currency. Also in this week’s news, Ethereum co-founder Vitalik Buterin discusses the crypto economy crash […]

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8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs

8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time HighsThe price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how […]

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Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal

Cryptocurrency Not 'Legal Tender', but Not Illegal EitherCentral bank warnings about crypto assets may give the impression that cryptocurrency is illegal, especially since these entities often cite reasons as to why they’re uncomfortable with virtual currencies encroaching on their turf. But their assertions are often inaccurate, particularly when it comes to determining the legality of cryptocurrency. Also read: Jamaica Stock Exchange Plans to […]

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Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful

Africa Dominates P2P Bitcoin Exchange Paxful With $64 Million Trades Each MonthPaxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Also Read: Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts Millennials Drive Cryptocurrency Adoption in Africa […]

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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again

Irresponsible Borrowing Leave Africa on Brink of Debt Crisis - AgainIrresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add […]

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Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments

Wave of Mobile Money Tax Hikes Squeeze Africa’s Poor to Spoil GovernmentsA smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being misappropriated by corrupt public officials. The best weapon in government […]

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Expanding Our Global Bitcoin Coverage – Gogo Our New Reporter in Zimbabwe

Expanding Our Global Coverage of Bitcoin - Gogo Our New Reporter in ZimbabweVeteran business journalist Jeffrey Gogo has joined the news desk at Bitcoin.com. Regular readers count on news.Bitcoin.com to bring them coverage from all over the world, and that world now extends to Africa – Zimbabwe to be exact. Zimbabwe as an emerging crypto market is a critical part of the continent to have on-the-ground coverage. […]

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