Zimbabwe and regional technology news and updates



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[Download] Towards Virtual Assets Regulation and Adoption of Blockchain Technologies in Zimbabwe’s Context

Cryptocurrencies and Zimbabwe have been water and oil since the Reserve Bank of Zimbabwe (RBZ) banned traditional financial institutions from conducting business with crypto exchanges. Many have made the argument that cryptos and blockchain technology could be one of the solutions that could help Zimbabwe in its economic strife. We have advocated for the adoption […]

Coinbase in a hacking scare as exchange sends emails in error

In an early article, I warned about how the ease of using wallets provided by crypto exchanges can lull you into a false sense of security. This is because it seems these days large scale crypto-heists targeting exchanges are on the rise. Users of the very popular platform Coinbase were recently reminded of this fact […]

Beware of crypto-exchanges as large scale hacks are on the rise

Judging by the comments and views we get on crypto-currency articles and social media intelligence, Zimbabwe does have a very thriving and vibrant cryptocurrency community. A lot of these people use various wallets to store their digital assets and most of these wallets are provided and managed by so-called exchanges. Exchanges make things easy As […]

Crypto-currencies are not money says the South African Reserve Bank governor

Even though cryptos are now widely accepted throughout the world including on our beloved African continent-authorities are still struggling with how they should handle them. Even here in Zimbabwe, the RBZ is always flip-flopping, when it comes to regulating or even recognising them. They essentially regulated exchanges out of existence when they forbade banks from […]

PayPal users in the UK can now buy, hold and sell Bitcoin too

At the end of March this year PayPal pulled a surprise when it announced that US PayPal account holders could now buy Bitcoin, Litecoin and Ethereum right from their dashboards. This seemed like an experiment and if it was it seems to be going well too. Now PayPal has just extended this feature to PayPal […]

Election integrity, music royalties & other use cases for cryptos and blockchain technology

Part two of our discussion on the benefits of cryptocurrencies and blockchain technology is a more focused one. In this episode, we look at the use cases for the blockchain and cryptos that go beyond financial services. And I was joined yet again by Financial Services Lawyer and Blockchain Technology Analyst, Prosper Mwedzi. You can […]

SA Reserve Bank says it’s illegal for South Africans to transfer locally bought Bitcoin overseas

It seems South African regulators are grappling with how to regulate Bitcoin. A lot of people, in Mzansi, are participating in the Bitcoin rush drawn in by the tantalising prospect of massive returns that even the best traditional stock traders cannot dream of getting. Here are some of the big things we have learnt about […]

Two South African brothers vanish with 69 000 Bitcoin

It seems two South African brothers might have pulled one of the biggest Bitcoin scams of all time. Initial investigations seem to suggest that the owners of an investment platform called Africrypt, might have defrauded their clients of 69 000 coins that were pilfered from wallets in a matter of hours. The coins are worth […]

South African Reserve Bank quietly cracks down on international crypto buying

The last time I talked about Binance, one of the world’s most popular crypto exchanges I was complaining about how they didn’t seem to want Zimbabweans on their platform. Now it seems South African’s are having trouble buying cryptocurrencies using their Visa or MasterCards on the platform as well. But, a cursory investigation has revealed […]

How to buy Dogecoin in Zimbabwe

Time to get your own puppy.

How to protect yourself from Bitcoin scams

Stay on your toes, they are getting crafty

How to buy Bitcoin & other cryptocurrencies in Zimbabwe in 2021

Establish trust and be very careful…

A joke that’s worth US$50 billion and more

Who’s laughing now…

Bitcoin total value hits US$ 1 trillion!

Bitcoin was able to crack the US$50K this week and that resulted in the total value of tokens in circulation having a market value of US$ 1 trillion

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?

Over US$11 Billion Has Been Hacked In Crypto Exchanges Since 2011

When the merits of cryptocurrencies are raised one point which is heavily stressed is the fact that these digital currencies remove the need for banks. Whilst this is attractive (more so if you’re Zimbabwean) very rarely do evangelists of cryptocurrencies speak about how the removal of financial institutions and by extension authorities meant to protect […]

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 […]

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 […]

Researchers Working On Bitcoin Alternative That Uses As Little Energy As Sending Email To Do A Transaction

Despite offering a secure and decentralised alternative to other currencies, one of the downsides of Bitcoin is the vast amounts of power it consumes. Due to the large amount of electricity it requires to mine and complete transactions, Bitcoin creates a large carbon footprint. In the conventional Bitcoin model, someone wishing to make a transaction […]

$1 Billion Dollars In Bitcoin Mysteriously Moved To One Unidentified Crypto Wallet

Last week, a cryptocurrency whale (a collection of large scale Bitcoin owners) moved 94,504 Bitcoin, worth over one billion dollars. This huge number made cryptocurrency headlines, as investors and investigators speculated where the Bitcoin (BTC) came from and who owns it. According to Twitter-based Whale Alert, the transaction did not involve known wallets or those […]

Scammers Already Claiming They Can Sell You Facebook’s Libra Currency, Though It Isn’t Out Yet

You might have heard about Facebook’s grand plans for a global cryptocurrency – Libra. Whilst there is a lot of excitement surrounding this cryptocurrency, scammers are already coming out of the gate and claiming they will sell you the crypto, though it hasn’t even been launched as of yet. Fraudsters are creating fake websites that […]