• Treatment centres worldwide are now considering cryptocurrency trading as an addiction, with some asking for as high as US$90,000 to treat the “ailment”
• There are more than 12,000 cryptocurrencies. At the end of 2021, the market was adding about 1,000 new cryptocurrencies every month
• According to Jan Gerber, a clinic owner, inquiries about crypto-related issues have increased by 300 per cent between 2018 and 2021

One would be tempted to ask, how is crypto trading addictive, and if it is, how much would it cost to treat a crypto addiction? Treatment centres worldwide are now considering cryptocurrency trading as an addiction, with some asking for as high as US$90,000 to treat the “ailment”.

A report by Bloomberg revealed that many people are considering crypto trading addictive and are seeking medical help for it. Crypto addicts have gone as far as comparing their addiction to drugs and gambling.

How is

CertiK, a blockchain security firm, reports that the amount exploited in the first four months of 2022 surpasses the total amount stolen in 2021 (US$1.3 billion) and 2020 (US$516 million) combined. The month of March alone beats 2020 by US$203.2 million.

The decentralized finance (DeFi) space has been stained with hackers, exploiters and scammers. Over US$1.6 billion worth of crypto has been stolen from users in the first quarter of 2022, the highest ever recorded.

CertiK revealed the statistics on May 2; the month of March recorded the highest stolen value of US$719.2 million.…

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and digital products, to help mitigate the risk of enduring extreme conditions; assisting small-scale holder farmers to navigate climate risks, improve their farming techniques and boost their revenues. Since its inception in 2015, Pula has impacted 4.3 million farmers across 13 African markets.  

Furthermore, the firm has managed to raise a total of US$6million from global venture capital backers for Africa and Asia expansion. Pula won the ‘Insurtech of the year’ award at the African Insurance Awards. Its growth has enabled it to partner with the World Food Programme, to insure 3.5 million farmers across 10 African countries. 

Into the bargain, Kenya’s Lami Technologies is another acclaimed insurtech company that recently received US$1.8 million pre-seed; with the round led by Accion Venture Lab, AAIC, Future Africa, among others. The company projects …

The race to adopt cryptocurrencies is hitting new ceilings in Africa as their popularity increases, despite hostile policies from several governments in the continent.

One of the main reasons investors across the globe are seeking to diversify traditional assets in Africa into cryptos is to counter rising fiat inflation, with a majority of crypto investors and traders believing that crypto coins and tokens are safer and more secure than traditional investments such as gold, oil, stocks, liquid cash and real estate.

The roles that these cryptos and alternative coins play in society are not well defined, but they have a vivid description as each day passes as to which purposes they serve.…

• Zimbabwe to introduce electronic courts early next month, with all the partners trained and geared to embrace the development.
• President Emmerson Mnangagwa is to officially commission the newly-established Commercial Court division of the High Court the same week.
• The theme for 2022, as announced by Chief Justice Luke Malaba is Use of Technology to Enhance Efficiency and the Rule of Law in the Judiciary.

Zimbabwe is set to introduce electronic courts (e-courts) starting May 1, 2022. E-courts will be introduced in line with new technologies and the need for efficiency in the delivery of justice with consistency and collective effort by all justice delivery players. The key advantages include bringing in a justice serving mechanism that is transparent, efficient, affordable, time-saving, protects the interests of witnesses, reduces the backlog of pending cases, and most importantly reduces the number of unscrupulous activities. The announcement was made through Statutory Instrument (SI) 78, …

• Crypto experts predict that Ethereum (ETH) will surpass bitcoin (BTC) in market cap, and new market entries could look at the former as a better purchase.
• There is confusion among traders between buying, selling or holding (HODL) bitcoin
• A whopping 67 per cent of the experts in the panel agree that it is an excellent time to buy bitcoin, arguing that the currency is experiencing its lowest price for this year

Many people, especially those interested in joining crypto trading as newbies, are utterly confused about whether to buy crypto in these bearish conditions. Bitcoin, specifically, has been experiencing a downward trend since the digital currency hit its highest in November 2021, valued at US$69,000. As of April 29, the price of bitcoin was resting at around US$38,799.

After the weekend doldrums, the market pulled a good turnaround on April 25. Despite four weeks of downward action, Bitcoin popped its …