Back in 2020, a famous rapper Akon launched his own cryptocurrency dubbed Akoin to boost its dream of improving the lives of the citizens of the African continent. But paradoxical is the fact that the token is listed on a platform that is unavailable to most Africans. Consequently, this could significantly slow down the adoption of the coin in the continent.
The cybercrime department of the Turkish police has arrested four people following the loss of $2 Billion from a cryptocurrency exchange. The arrested people included the head of Vebitcoin, one of the sites that became inaccessible leading to loss of funds. The culprits were rounded up in the province of Mugla southwestern Turkey.
Cryptocurrency cards are the modern way to spend bitcoins for purchases even if the vendor doesn’t accept cryptocurrency directly. However, users worldwide face multiple issues while using these crypto cards, including the inability to pay everywhere, bad customer service, bad exchange rates, high fees, and even closed or frozen accounts with money lost.
No trader is immune from risks and losses when trading cryptocurrencies. Investors have to put up not only with the high volatility of coins, but also with the various fees that crypto exchanges charge. If someone doesn’t correctly plan out their trades, then the cost of commissions can quickly absorb a significant portion of profits.
CoinMarketCap has removed a range of South Korean exchanges because they were trading Bitcoin and Ethereum at higher prices. The move has triggered a BTC and ETH price drop. However, now the two flagship cryptos seem to be regaining their value.
There is a theory that Japan is the mother country of Bitcoin. Regardless of whether it is true or not, it was among the first countries to start making virtual currency transactions. Besides, Japan was the first country to solve the problem of double-spending for crypto using the P2P structure.