Zimbabwe and regional technology news and updates

Technikari Crypto Special: we are joined by Prosper Mwedzi who is pushing a Blockchain Tech Bill

Technikari Crypto Special: We are joined by Financial Services Lawyer Prosper Mwedzi who is pushing a private Blockchain and Digital Assets bill for Zimbabwe

Bitcoin’s surge stalls as prices fall by 17%

Bitcoin’s fourth quarter rally has stalled as the crypto’s price has fallen by 17%.

Bitcoin hits US$32K as the surge continues into 2021

It took Bitcoin 10 years to cross the US$20K mark but the crypto has surpassed that and more as it now stands at US$32K as the surge continues.

Pornhub could push Bitcoin price even higher than the current USD22 577

Adult entertainment website Pornhub after being ditched by VISA and MasterCard is now only accepting payment in cryptos. What could that do the already climbing price of Bitcoin?

PayPal will soon allow cryptocurrency trading & shopping

In a major move for the cryptocurrency adoption, US payment giant PayPal announced that it has joined the cryptocurrency market. Customers will, in early 2021, be able to buy, sell, and hold cryptocurrencies directly from their PayPal account. The motivation behind this shift was the migration to digital payments that was driven by the COVID-19 […]

ZSE & VFEX open to the idea of listing cryptocurrencies in future

The Zimbabwe Stock Exchange CEO Justin Bgoni recently revealed that in the long-term they plan to list cryptocurrencies on the ZSE and the Victoria Falls Stock Exchange (VFEX). As part of our long term strategy, the ZSE is open for bitcoin and cryptocurrencies to be listed on the bourse subject to regulatory approvals. We think […]

Euro Central Bank considering making digital Euro

The European Central Bank (ECB) recently announced that a digital version of the Euro (€) is on the cards. ECB is holding a public consultation regarding introducing the tech-based currency. The consultation will start on the 12th of October with the decision on whether to launch a digital currency is expected towards mid-2021. Europeans are […]

ZIMBOCASH breaks silence on payment gateway

It’s fair to say, 2020 has been an eventful year for most if not all of us. COVID-19 and all its associated impacts are more than enough burden. For ZIMBOCASH however, they have had to deal with a triumphant launch that quickly turned into an emergency situation and for a few months now deafening silence. […]

South African founded Luno acquired by global blockchain investor

South African founded Luno has been acquired by Digital Currency Group (DCG). A little bit of background on both parties, Luno is a cryptocurrency exchange that was founded in South Africa in 2013. The company is now based in London but has hubs in Cape Town, Singapore and also has a presence in 40 countries. […]

ZIMBOCASH still working on their payments platform. Promises solution in a few weeks…

ZIMBOCASH launched their payments platform to a lot of fanfare earlier this year. Unfortunately for the team behind ZASH, they did not anticipate that people would try to create multiple accounts and hog value. This is what happened and ZIMBOCASH subsequently decided to take down the Peer to peer (P2P) payment platform. Today ZASH account […]

How scammers outsmart people by predicting stock market trends and cryptocurrency prices

So email scams are pretty common occurrences. If you’ve had an email address for a long time you’ve probably received an email telling you that you’re one of the lucky recipients of the latest iPhone or a hundred thousand dollars. Whilst some people fall for these types of scams – these aren’t the most sophisticated. […]

ZIMBOCASH says they had stopped payments to counter scammers

ZIMBOCASH account holders have been unable to transact using the digital currency for over a week and a half now. Earlier today ZIMBOCASH sent an email out to the subscribers explaining the cause of downtime. It seems scammers who were creating multiple accounts were the main reason why ZIMBOCASH decided to hault payments. The email […]

[Update] ZIMBOCASH has given a response as to why payments are down

ZimboCash has been down for more than a week and users of the platform were unable to transact during this time. We reached out to ZimboCash and they gave this response: “We had a few scam attempts on our network. We needed to temporarily take the payments service down while we patch the scam account […]

ZimboCash still down, community left wondering when service will be restored

ZimboCash the new Crypto on the block has been down for some time. This has left people who are trading in ZASH stranded. I spoke with someone who uses the platform, and they said that the service has been down for a week. Customers have been frustrated because ZimboCash haven’t yet announced when the upgrade […]

ZIMBOCASH shares more details regarding marketplaces, merchant on-boarding and their mobile app

A week and a half ago, ZIMBOCASH announced that they had enabled peer-to-peer (P2P) transactions and in two days they managed to get 13 000 transactions. In addition to the number of transactions, their press statement also noted that a number of people where using the digital currency to transact on marketplaces that were popping […]

ZIMBOCASH activates payment platform – 13 000 transactions in first 48hrs

A month ago, ZIMBOCASH (ZASH) listed their cryptocurrency on Bithumb Global. In our article on the listing, one of the questions we raised was where people getting the crypto would actually use the currency. A press release from ZASH yesterday suggests they are taking strides to address that. On Monday, ZIMBOCASH enabled peer-to-peer payments using […]

UNICEF avails 100k funding opportunity for blockchain startups

The UNICEF Innovation Fundis looking to makeup to $100K equity-free investments (in USD and/or cryptocurrency) to provide early stage (seed) financing and mentoring to for-profit technology startups that have the potential to benefit humanity.   Applicants have the opportunity to receive a portion of funding in cryptocurrency (bitcoin or ether) through their recently launched CryptoFund. Given the current global […]

Facebook Libra Wallet Rebranded To Novi

Facebook’s digital currency has gone through a tumultous development and been part of a disastorus news cycle before it’s even launched. From being announced to much interest and fanfare last year. The hope and excitement was quickly replaced by uncertainty as Facebook’s partners in bringing the digital currency pulled out due to regulatory scrutiny. Whilst […]

ZIMBOCASH Lists Cryptocurrency Token, Wants To Be Alternative To ZW$

Earlier this week, ZIMBOCASH – a local decentralised cryptocurrency- listed their token ZASH on Bithumb Global (a cryptocurrency exchange headquartered in South Korea). In marketing material, ZIMBOCASH is marketing the ZASH token as a replacement alternative to Zimbabwe’s flailing Zimbabwe Dollar. A total of 4.5 billion ZASH tokens have been created with 950 million currently […]

Telegram Abandons Blockchain Project Due To Regulatory Pressure

[Image Source: Telegram Channel] Last August, we reported Telegram’s plans to launch a cryptocurrency. Well, all of that has gone down the drain because of a fight with regulators. Telegram’s founder Pavel Durov announced that they would be abandoning the US$1.7 billion dollar project because of the messaging company’s ongoing legal standoff with the Securities […]

Fintech Partnering With Zimbabwean Bank To Issue Gold-Backed Digital Currency Shares More Details

A few weeks ago, we reported on the then-impending agreement between Apollo Fintech and the government on what we were hearing would be a gold-backed digital currency. Since publishing that story we’ve stayed in touch with Apollo Fintech patiently waiting for any update they had on that front and they’ve finally shared a bit more […]

India Reverses Cryptocurrency Ban

The Indian Supreme Court has overturned a two-year-old judgement banning cryptocurrency trading in the country. In April of 2018, the Reserve Bank of India (RBI) had instructed banks and financial institutions to refrain from facilitating services related to virtual currencies. The Internet and Mobile Association of India, representing various cryptocurrency exchanges, had argued that trading […]

Zim Government To Partner With Fintech To Issue Gold-Backed Digital Currency

There’s a widespread belief that the Zimbabwean government along with other African states will be announcing Apollo Fintech as their partner in launching digital currencies. Rumours are the coin will be gold-backed and the CEO of Apollo Fintech recently confirmed they are working with a country on a gold-backed coin: We have gotten a large […]

Vodafone Withdraws From FB’s Libra Association To Focus On M-Pesa

Following Facebook’s announcement of Libra, there was a brief honeymoon phase where crypto and tech enthusiasts celebrated the coming of this digital currency which would leverage Facebook’s digital footprint of 2.45+ billion users. Fast forward 7 months and that enthusiasm has died down. A number of Libra association members have stepped down with Vodafone being […]

More Details Regarding China’s Digital Currency Emerge

The People’s Bank of China recently confirmed that the development of its digital currency is “progressing smoothly”. Though the central bank didn’t offer any other detail like a launch date or how the currency will co-exist with mobile money – already a big deal in China. A number of details have been recently shared by […]

Add Qatar To The Countries That Have Banned Cryptos…

If you thought the dawn of a new year would mean less animosity from governments towards cryptos, think again. Qatar has become the latest country to ban crypto trading. Qatar’s financial regulator – QFC (Qatar Financial Centre)- blocked trading of all crypto asset services: Virtual Asset Services may not be conducted in or from the […]

BitClub Network Turns Out To Be US$722million Scam…

In August of 2018, we authored an article titled Bitclub Network Is Running A Large Scale Bitcoin Mining Pool And They’re Now In Harare. Invest At Your Own Risk. 15 months later, 3 men connected with BitClub have been arrested for allegedly defrauding investors out of US$722 million. A number of people in the comments […]

Quick Catchup On Facebook’s Cryptocurrency, Libra Since Its Big Announcement

June 18, 2019 – Big Announcement Facebook announces its new cryptocurrency, Libra, headed by David Marcus former Paypal President. Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people. The Libra Association has 28 founding members. July 02, 2019 – First Major Challenge Democrats Call on Facebook to […]

Golix CEO Breaks Silence

It’s been a pretty eventful week for Golix since we asked whether or not Golix had finally given customers access to their cryptos and fiat. That story resulted in a number of sources revealing to us information that the Golix CEO – Tawanda Kembo- refused to openly discuss with us despite reaching out to him […]

Golix’s ICO Didn’t Raise Millions But Thousands

After exclusively breaking the story regarding the loss of a US$250k password by Golix’s CEO it turns out more information is finding its way to us through anonymous sources who dealt with Golix in one way or another in the aftermath of their bust-up with the RBZ. Another source has now come out and said […]