Browsing: crypto

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.…

• Devising a crypto trading strategy that resonates with a trader’s financial goals and personality style is among the largest demotivation into exploring the diverse blockchain industry and the cryptocurrency markets
• A trading strategy is an extensive plan that guides crypto traders on their trading activities
• The strategy helps to mitigate financial risks by eliminating rush and unnecessary decisions. It, however, does not qualify as a mandatory tool to be a successful crypto investor

There are countless ways to profit from trading cryptocurrencies, and to do that, one needs trading strategies to help monitor and optimize a cryptocurrency portfolio.

Devising a crypto trading strategy that resonates with a trader’s financial goals and personality style is among the largest demotivation into exploring the diverse blockchain industry and the cryptocurrency markets.

Below is a comprehensive analysis of crypto trading strategies that can help beginners and even advanced traders in the market engage in …

• Africa’s technology adoption is a crucial factor for the smooth adoption of blockchain.
• Africa has some of the most highly ranked global crypto adoption indexes.
• Most African countries have not allowed crypto to be included in economic transactions.

As much as Africa struggles with technological challenges, including the digital divide, still, the second-most populous continent has stood high when it comes to cryptocurrency adoption, bringing the crypto market to $105.6 billion by the year ending June 2021.  

In countries such as Tanzania, Kenya, South Africa, and Nigeria (ranked in the top 20 Global Crypto Adoption Index), fintech has taken a serious step towards serving millions of unbanked citizens. These nations have taken another step—they have been a significant catalyst in promoting cryptocurrency’s growth, thanks to the vast expansion of smartphone use which ultimately leads to accessing blockchain networks. 

According to a September 2021 publication by The African Report, crypto adoption …