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Tag Archives: cryptocurrency

Bitcoin world faces ‘halving’: what’s happening?

London, United Kingdom | AFP | Bitcoin miners, whose computer processors enable the running of the world’s most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry. So-called halving is when cryptocurrency-mining companies and individuals find out the …

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Tracking masterminds of Dunamiscoins money lending scam

Kampala, Uganda | THE INDEPENDENT  | Former employees at Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have hinted that security agencies opted for soft targets in the scam that saw thousands of Ugandans lose billions in deposits. Dunamiscoins was operating a money lending business with branches in Masaka, Ndeeba, Mbale, …

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Regulator blacklists Dunamiscoins for fleecing Ugandans

Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority has blacklisted a cryptocurrency exchange known as Dunamiscoins Resource Centre Ltd. The initial license issued to the company last year has expired, and according to the authority, it will not be renewed. UMRA, the regulators of Tier 4 Microfinance …

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Dozens suffer losses in Sham cryptocurrency scheme

Kampala, Uganda | THE INDEPENDENT  | Dozens of people in Masaka district are counting losses after investing in a sham a cryptocurrency business scheme. DUNAMISCOIN Resources Limited opened in Masaka town on November this year and started enrolling clients on its digital currency network. However, several people are crying foul …

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More companies back away from Facebook’s Libra coin

San Francisco, United States | AFP | Facebook’s digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency. Credit card giants Visa and Mastercard, online marketplace eBay and digital payments firm Stripe each announced they had changed their minds …

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