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Zimbabwe and regional technology news and updates

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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 […]


Facebook’s Libra Won’t Be Introduced In Countries That Ban Crypto’s Or Are Under US Sanctions

Whilst it looks like Facebook will have to deal with some regulatory hurdles before rolling out, another stumbling block will be the country’s attitude towards cryptos and whether or not that country is under sanctions. Techcrunch spoke to a Calibra spokesperson who cited that sanctions and hostility towards cryptos is a no-no: The Libra Blockchain […]


Crypto Exchange Investors Lose $190m After Death Of Exchange Founder

The death of the founder of QuadrigaCX – the largest Canadian cryptocurrency exchange- last December is proving to be as expensive as it was unfortunate. It’s estimated the founder died with the only encryption key to the exchange’s $190m. If a court filing by Jennifer Robertson -widow to the deceased- is to be believed then […]


Is the Zimbabwean Central Bank Finally Warming Up To Cryptocurrencies?

In a surprising turn of events, it seems the RBZ is finally warming up to cryptos.  It took the President appointing a new Minister of Finance and said Minister of Finance stating his affinity for cryptos, but here we are. Mangudya was one of the officials who recently travelled to the US and during a […]


Study 263 Just Turned One And They Are Shaking Up Their Remittance Business

Some of you may remember Study 263 -the remittance company that was making it possible to send money from Zim to SA or vice-versa using Bitcoin. They recently turned 1 this past weekend and they have been working on some interesting new packages to keep their business relevant. How did it work? Well Study 263 […]


Another South Korean Cryptocurrency Exchange Gets Hacked, $30 Million Stolen By Hackers

In what has become a recurring theme in the digital currency industry, another cryptocurrency (crypto) exchange platform has suffered a cyber intrusion. South Korean crypto exchange Bithumb has been hacked, with $31.5 million worth of token stolen. This incident is the second of such attacks on a crypto exchange platform in South Korea, in as […]


Akon To Launch His Own Cryptocurrency, Aims To Build Real-Life Wakanda

Yes. You read that right. The ‘Lonely’ hitmaker now has his own cryptocurrency and it’s called AKoin. Whether that’s pronounced A-coin or Ay-coin is another thing but what we do know is the coin will be used to propel Akon’s philanthropy work. What will the coin be used for The crypto will have two particular […]


Golix Advises Customers To Withdraw Their Money And Cryptos

Golix has finally released an update to customers and in their email, Golix addressed a few of the issues currently plaguing them. You can read the email they sent to customers below: Dear Valued Customer  A lot has been happening at Golix between the last communication we sent to you on 15 May 2018 and […]


Golix Customers Attempting To Withdraw $30 000 A Day Since The Crypto Ban

Earlier yesterday, Golix sued the Reserve Bank of Zimbabwe and in the court application, Golix believed that the central bank’s instruction for Golix to shut down was unlawful as they have no jurisdiction over Golix. We got our hands on the chamber application and it makes for some interesting reading. There are a number of […]


Golix Suspends ICO: Why Did They Go Forward With It In The First Place?

In what will come as good news to the RBZ; Golix has suspended their ICO. They sent out a statement apologising for the inconvenience. You can read the statement below: On Saturday 12 May 2018, we announced that we will be doing a tokensale. This announcement was a mistake on our part, as it happened […]


The Fate Of Some Zimbabwean Companies And Projects After The Central Bank Bans Cryptocurrencies

The RBZ decided that they would wash their hands when it comes to cryptos. The central bank sent a directive to banks instructing them to cut all their ties with crypto exchanges and this may have grave consequences in the long run. As a nation, we had a serious opportunity to adopt a technology whilst […]


RBZ Bans Bitcoin And Other Virtual Currencies In Zimbabwe

The central bank of Zimbabwe, RBZ, has placed a ban given a directive to banks and financial institutions to stop processing transactions to do with Cryptos. The measures are apparently being taken to “protect the public and safeguard the integrity, safety and soundness of the country’s financial system.” The ban applies to all financial instituions. The […]


Golix Now Has An ATM Where You Can Buy Or Sell Cryptos

Zimbabwe’s popular cryptocurrency exchange, Golix now has an ATM. The ATM Is actually One of the First Crypto ATM’s with a cash-in-cash-out facility in Africa. How will it work? The ATM will ask you for; your wallet, how much Bitcoin you want to buy and then tells you the trading rate at the time of […]


Victoria Falls Now Has Crypto-Currency Coin; Problem Is, It’s Not Clear Who Exactly This Is For

A UK-based Zimbabwean Lawyer, Prosper Mwedzi has created the first ‘tourism-focused’ cryptocurrency in the country. VicFalls Coin is a crypto that he hopes will be used in the tourism sector, particularly in the Victoria Falls Community (both in Zimbabwe and Zambia). Though the coin seems like a grand idea on the surface, there are many […]


Golix Reduces Time It Takes To Withdraw From Wallet To EcoCash

Popular cryptocurrency exchange Golix is drastically reducing the time it takes to process EcoCash withdrawals from 24 hours to a single hour. The withdrawal function allows traders to move money from their Golix wallet to other banking services including EcoCash. From Monday 26 March, when you withdraw money from Golix to EcoCash those transactions will […]