A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]
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Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of government transactions. The government aims to eventually replace the U.S. dollar with the ZIG as the […]
]]>A significant deposit of $ZIG tokens has been detected in the CEX Flows section, raising eyebrows in the crypto community. A wallet, identified as 0x905d, transferred 22 million $ZIG tokens, valued at approximately $3.08 million, to the Bybit exchange within the past 24 hours. The 0x905d wallet is suspected to belong to an insider. On July 26, 2023, this wallet received 92.68 million $ZIG at an average price of $0.0056 per token. This amount represents about 4.8% of the total supply of $ZIG, indicating a substantial holding. $ZIG Price Reacts Following Recent Token Movements Following this massive deposit, the price
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