Browsing: cryptocurrency

Financial Literacy in Africa

Enhancing financial literacy is only one of the numerous ways Africa’s youth may be prepared for the future. Stakeholders must simplify financial literacy education and make it practical. Without simplified and functional financial literacy, one could fall victim to the prevailing financial challenges in a highly changing world marked by technological advancements. Improving financial literacy in Africa’s youth will help improve financial inclusion.

Crypsense Digital Group is Africa’s first and fast-growing Digital Assets Capacity Building and Management Platform, providing an end-to-end solution for institutional blockchain and digital asset adoption.

Training, wealth management and custodial solutions, asset finance, and an accelerator launchpad to promote blockchain and cryptocurrency entrepreneurs in Africa are the primary tenets of the company.

Learn to Earn (L2E) and Play to Earn (P2E) are two learning management systems that the capacity development platform provides for blockchain and cryptocurrency. Education on cryptocurrency that can be interacted with can be grasped quickly and make the learning process both enjoyable and profitable simultaneously.

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.

Non-Fungible Tokens (NFTs) are the new opportunity for anyone with anything they can monetise and an access to the internet to reap the benefits of minting money on the World Wide Web.

NFTs are “One of a kind” digital assets that can be traded like any other piece of property, but NFTs do not exist in any tangible form. It is possible to think of virtual or real assets as tokens that may be exchanged for tokens.

Therefore, an NFT is a digital title for a piece of content that may be sold on auction sites but is non-returnable because it is unique and irreplaceable. Because of this, its value fluctuates and it is useless as a means of exchange. Cryptocurrency and blockchain are the foundations of NFTs.

The Crypto market in the world is looking ugly.

The bitcoin price fell to a three-month low on January 10, accelerating the slide that started when the Federal Reserve ignited a broad sell-off worth US$300 billion. The bank cautioned that it might move more quickly than previously expected to reverse policy meant to reinforce the economy during the Coronavirus pandemic.

Experts predict that the latest crypto fall will persist for weeks in the Federal Reserve measures continue to be more aggressive.