Tokyo, Japan | AFP | Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a …
Read More »
New York, United States | AFP | Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is. The cryptocurrency’s rise is also pushing regulators to consider taking action after years of simply urging caution. Bitcoin …
Read More »
Addis Ababa, Ethiopia | AFP | Ethiopia will devalue its currency by 15 percent in a bid to boost demand for its major exports, a state-run media outlet reported Tuesday. Africa’s second most-populous country is also one of its best economic performers, with the International Monetary Fund (IMF) estimating in …
Read More »
Moscow, Russia | AFP | Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money. “The form of currency we are used to is about to disappear,” predicts the 42-year-old …
Read More »
Benghazi, Libya | AFP | When a cash crisis struck the war-torn North African country of Libya, many people were forced to queue for days to withdraw their savings. But electronic payments systems set up to tackle the dearth of cash have struggled to gain credibility amid accusations of abuse. Said …
Read More »
Tokyo, Japan | AFP |Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, denied wrongdoing Tuesday as his trial got under way in Tokyo on charges linked to the disappearance of hundreds of millions of dollars worth of the virtual currency. The French national — once the high-flying head …
Read More »
Tokyo, Japan | AFP | Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, went on trial in Tokyo on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults. Here are some key facts about the world’s most …
Read More »
Mumbai, India | AFP | Indians rushed to change their bank notes Friday before a deadline to deposit invalid rupee notes closed, as Prime Minister Modi defended his controversial move to reduce cash in use. His shock November 8 announcement rendered 86 percent of India’s currency void, giving customers until …
Read More »
New Delhi, India | AFP | Huge bank queues have become an ubiquitous sight across India after the government suddenly withdrew the two highest denomination notes from circulation two weeks ago — but now you can hire-a-queuer online. New Delhi-based startup BookMyChotu — a play on the Hindi word “chotu” …
Read More »
New Delhi, India | AFP | India announced new measures Thursday to allow farmers and marrying couples to withdraw more money from banks, as frustration mounted over a cash crisis triggered by the withdrawal of all high-value notes. The shock move last week, which saw 85 percent of the cash …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
