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Zimbabwe and regional technology news and updates

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Prof. Mthuli Ncube continues to ignore local crypto startups

It might appear as if I am stalking Finance Minister Mthuli Ncube but some of the things he has said recently have been concerning. Last week Prof. Mthuli Ncube toured a Dubai Crypto Hub and tweeted that he had found a way to make remittances cheaper while there. Now, if you have been around Techzim […]


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 […]


Does CBZ hold the key for crypto inclusion in RBZ’s Sandbox?

One of the biggest disappointments of this year was the exclusion of cryptocurrency exchanges and the likes from the RBZ’s Fintech Sandbox. The initiative, run by the Reserve Bank, was an opportunity for traditional financial institutions to dip their toes into experimental or emerging technologies. Now, the shunning of cryptos was a contradiction of the […]


How to buy Bitcoin & other cryptocurrencies in Zimbabwe in 2021

Establish trust and be very careful…


Central Bank of Nigeria bans banks from serving crypto exchanges

The Central Bank of Nigeria has ordered all banks to stop serving crypto exchanges with immediate effect which is reminiscent of Golix vs RBZ


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 […]


Golix CEO Lost Password To Wallet Containing Close To $250 000 Worth Of BTC Last Year

Earlier this morning we ran a story on the latest update on whether or not Golix had actually managed to give their customers what they owed them. Since breaking that story a number of sources who preferred to remain anonymous reached out to us allowing us to get the bigger picture and details the CEO […]


Did Golix Ever Process Customers’ Withdrawals?

When Golix’s tussle with the Reserve Bank began last year, one would have assumed that since the RBZ initially announced Golix would have a 60-day pardon to give the exchange an opportunity to move tokens stuck in the exchange and an opportunity to withdraw funds customers would no longer be complaining. Unfortunately, that’s not the […]


RBZ Strikes Back, Takes Golix To Court Over Unpaid Legal Costs

Golix and the Reserve Bank of Zimbabwe are at it again. The central bank has approached the High Court seeking a order for wasted costs against Zimbabwe’s first cryptocurrency exchange.Wasted costs is a court order which states that a certain party must pay the costs involved in a trial that has to be delayed. In […]


RBZ Dissociates Itself From The Sale And Trade Of Demonetized Zim Dollar Notes, It’s Not Illegal Though

As the Reserve bank of Zimbabwe (RBZ) is in the middle of putting out allegations of it being involved in the illegal trading of foreign currency in the black markets, it has decided to clear out its name from another booming activity of trading demonetized Zimbabwe Dollar Notes (ZDN). ZDN have been popular among collectors, […]


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 […]


If You Bought Golix Tokens, You Have 2 Hours To Claim The Unsold Golix Tokens, Here’s How To Go About It

Golix recently ended their ICO and though they did not sell all the tokens that set out to sell, the remaining GLX Tokens are going to be distributed among those who participated in the token sale. In a blog post Golix gave instructions as to how these tokens can be claimed: Open the Ethereum wallet […]


Golix Finally Speak On Their Recently Ended Token Sale: They Sold 415 Million Tokens

In a blog post uploaded by CEO Tawanda Kembo, Golix have finally shared some of the statistics from their just ended token sale. As we speculated earlier this week, the Cryptocurrency exchange failed to meet their target of raising $32 million from the ICO but they did manage to sell the bulk of the coins […]


Golix Token Sale Ends; Did They Manage To Meet The $32 Million Target?

From almost going out of business because of some regulatory hurdles, to setting up in a number of different countries, and finally raising money through an ICO, it’s safe to say the last few months have been quite eventful for Zimbabwe’s only cryptocurrency exchange. The Token Sale that Golix officially opened up to the public […]


Techzim’s Position On Golix, The Cryptocurrency Exchange; Are We Related?

A number of times people have linked Techzim to Golix in several different ways. This is to put to the record the accurate position of any relationship we have with Golix and the stance we are taking with that business. Is Golix a Techzim client? Golix is not a customer of Techzim and has never […]


Golix CEO Adresses Concerned Customer’s Questions On Reddit

The Chief Executive of Zim’s leading cryptocurrency Exchange fielded some questions that concerned customers had in relation to the on-going crypto ban that was imposed by the RBZ two months back. Tawanda Kembo of Golix talked about giving customers the option to switch their fiat balances to GLX Tokens, crypto and fiat withdrawals which have […]


Golix Hosting “Ask Me Anything” Session On Reddit Until Tommorow Morning

Last night at 11 PM, Golix sent out a press release announcing that they would be hosting a Q&A session on reddit and the Q&A started at 7:30 AM this morning. Those interested just need to sign up or login on Golix’s subreddit and you can begin asking away. The Q&A will go on for […]


South African Central Bank Tested Bank-To-Bank Payments Using Cryptocurrency

The South African Reserve Bank (SARB) recently concluded Project Khoka – which saw 8 banks test an interbank payment platform. The platform was based on Etheruem and the banks involved were: SARB Absa Capitec Discovery Investec FirstRand Nedbank Standard Bank How did it work? The current platform the SARB is using to settle real-time gross […]


Banned Crypto Exchange, Golix, Fails To Give Customers Cryptos, Fiat

It must be hard being a Golix customer right now. On the 29th of May, Golix promised customers they would start processing their withdrawals the following week. Tomorrow it will be exactly 3 weeks since that promise was made but unfortunately nothing resembling a fiat withdrawal is yet to be processed. Rubbing salt on the […]


South Korean Cryptocurrency Exchange Hacked, Cryptos Lose $40 Billion As A result

Coinrail, a cryptocurrency exchange based in South Korea, announced they were hacked on Saturday. Korea’s Yonhap estimated that a total of $37.2 million of coins went missing. However, they did not call it a hack, probably not to panic their clients. They termed it a ‘cyber-intrusion.’ On the plus side, the exchange was alerted before too much […]


Reserve Bank of Zimbabwe Defends Ban On Cryptocurrencies In Court

Here is the latest chapter in the Golix vs RBZ (Reserve Bank of Zimbabwe) saga. The RBZ filed its opposing application with the courts. Summary of how we got here: the RBZ banned the trading of cryptocurrencies, ordered banks to freeze Golix’s accounts and then ordered Golix to cease operations. Golix sued and got an interim […]


It’s Tough Doing Business In Zimbabwe; The Story Of A Crypto Exchange

Be warned, this story will make you angry. We have been told time and time again that Zimbabwe is for sale open for business. This story will highlight just how empty that statement is, or at the very least get you asking just to whom (who?) is Zimbabwe open. Tatenda Mabungu Tatenda Mabungu is one […]


[Breaking] Golix To Launch In Two More Countries, Going Ahead With ICO

Zimbabwe’s most popular cryptocurrency exchange had an eventful month in May. From planning their ICO to having to contend with the RBZs ban of Crypto and then dealing with customers after their fall from favour, it’s safe to say the last month was chaos-ridden for the exchange. Now it seems they are trying their best […]


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 […]


Customers Left Confused By Golix’s Silence During Crisis

The month of May has been a rollercoaster for Zimbabwe’s most popular crypto exchange, Golix. At the beginning of the month, Golix were putting together plans for ICO which would have helped them to launch their own GLX token. These plans were halted when the central bank decided to ban cryptos. The ban was overturned […]


Petition To Zimbabwean Parliament To Regulate And Not Ban Cryptocurrencies Launched

May 2018 proved to be a crazy month in the cryptocurrency world. Cryptocurrencies went from ‘allowed’ to ‘banned’ and back to ‘allowed’ all in the space of 12 days. Governor John Mangudya and his friends at the Reserve Bank of Zimbabwe (RBZ) overstepped their authority and issued a directive banning the trading of cryptocurrencies. They […]


BREAKING: Court Says Cryptocurrency Exchange Golix Can Resume Trading, Reserve Bank Directive Suspended

As you all know the Reserve Bank of Zimbabwe issued a directive instructing banks not to facilitate any cryptocurrency related transactions. They also strongly warned the public not to deal in cryptocurrencies. Further, the Reserve Bank wrote to Golix, Zimbabwe’s first and biggest cryptocurrency exchange instructing them to wind up operations. Golix then went to […]


Golix  Temporarily Takes Down Crypto Exchange As Court Case Kickoffs Later Today

Zimbabwe’s most popular cryptocurrency exchange, Golix, has issued a statement saying they will be shutting down their “exchange’s Orderbook.” The cryptic statement they sent to their customers read: Dear valued customer. Please note that we have temporarily taken down the exchange’s Orderbook. Any developments related to this matter will be frequently updated. We sincerely apologise […]