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What can go wrong with your crypto investment?
It may be virtual money, but the value of a cryptocurrency can never be negative. To put it simply, a cryptocurrency's ...Published: 10 Jan 2023 at 16:16hrs | 233 | by Moyo Roy
Govt to continue with partial dollarisation
RESERVE Bank of Zimbabwe Governor, Dr John Mangudya says the country cannot afford to fully dollarise as the move will be detrimental to the socio-economic growth of the country.The Russia Ukr...Published: 07 Jun 2022 at 17:55hrs | 3059 | by Staff Reporter
Zimbabwe govt considers another currency
THE Government is weighing options of adopting cryptocurrency as a legal payment service and is consulting various stakeholders on the merits of the virtual currency.Speaking at a Computer Soc...Published: 07 Nov 2021 at 07:12hrs | 324 | by Staff reporter
Mthuli Ncube signals soft stance towards crypto-currencies
Zimbabwe is ready to soften its stance on crypto-currencies, judging by Finance and Economic Development Minister Professor Mthuli Ncube's remarks this week, that he intends to develop a framework and...Published: 15 Oct 2021 at 06:18hrs | 8 | by Staff reporter
Top benefits of using cryptocurrency in 2021
In the past few years, propaganda, rumors, and news have spread on this new thing in town, Cryptocurrency. Most people are green on this new technology, and just for a briefing, Cryptocurrency is a vi...Published: 19 Jul 2021 at 10:24hrs | 23 | by Staff Writer
Things to consider before buying or selling cryptocurrency
Cryptocurrencies came to offer solutions to the flaws in the current financial system. They create an alternative to the fiat currency that is digital, decentralized, and available for everybody; all ...Published: 18 May 2021 at 11:00hrs | 64 | by Staff Writer
What are some highly important terms related to bitcoin? Checkout the details!
Bitcoin is considered to be one of the highly desired currency across this whole world. It is not necessary that you will trade in the bitcoin and only then you are going to make profit out of it. It ...Published: 10 Jan 2021 at 18:31hrs | 18 | by Staff Writer
Zimbabwe to print $400 million bond notes
ZIMBABWE will print ZWL$400 million bond notes which it says will be drip-fed into the economy to cover the gap left after government banned the use of multi-currencies in local transactions.T...Published: 02 Jul 2019 at 08:32hrs | 4526 | by Staff reporter
Zanu-PF rivals call for dialogue
Opposition political parties have renewed their appeal for inclusive national dialogue in the wake of the worsening economic crisis, with Nelson Chamisa's MDC party warning of calamitous demonstration...Published: 22 May 2019 at 07:01hrs | 3376 | by Staff reporter
Fresh protests loom in Zimbabwe
Zimbabwe is now at risk of fresh protests after the cash-strapped government on Monday night unexpectedly announced that it had cancelled fuel subsidies for imports.Caught in a debilitating en...Published: 21 May 2019 at 18:10hrs | 5002 | by ANA
RTGS$ is our domestic currency, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday told Parliament that his midterm budget statement earmarked for July will be announced in RTGS dollars as opposed to United States dollars which was the currenc...Published: 17 May 2019 at 17:26hrs | 3519 | by Staff reporter
New currency triggers panic in Zimbabwe
Long-suffering Zimbabweans should brace for even tougher economic times ahead, following last week's surprise announcement by Finance minister Mthuli Ncube that the country would have yet another curr...Published: 15 Apr 2019 at 06:57hrs | 7065 | by Staff reporter
Government to introduce a new currency called E-Zollar by September?
In a pretexted bid to bring an end to the nation's perennial nightmarish currency woes, government is allegedly working on a secret plan to introduce a digital Zimbabwe dollar, as soon as a new curren...Published: 29 Mar 2019 at 09:00hrs | 29985 | by Spotlight
Mthuli Ncube wages war against surging inflation
Zimbabwe's annual inflation has risen to a 10-year high since hyperinflation, but month-on-month prices are beginning to drop as monetary reforms aimed at combating inflation, addressing foreign curre...Published: 17 Mar 2019 at 18:08hrs | | by Staff reporter
Zimbabweans counting the cost of removing Mugabe
IN AN ideal world, the fall of Robert Mugabe as president of Zimbabwe was supposed to usher in a period of sustained economic growth and prosperity.Mugabe, 95, was toppled by his loyalists in ...Published: 14 Mar 2019 at 19:39hrs | 5090 | by Brighton Khumalo
Encryption in Cryptocurrencies blows up
The recent death of Gerry Cotten in India in December 2018, the founder of cryptocurrency exchange, QuadrigaCX, has thrown the cryptocurrency market into disarray with reported missing cash, worth hun...Published: 05 Mar 2019 at 22:32hrs | 411 | by Colls Ndlovu
Civil servants demand $3,000 salary
TEACHERS' unions yesterday said they were planning to go on strike if government does not urgently revise their salaries, as frustrated civil servants demanded a minimum of $3 000 per month after the ...Published: 01 Mar 2019 at 18:19hrs | 1332 | by Staff reporter
Mnangagwa's virtual currency to last 6 months
PRESIDENT Emmerson Mnangagwa, using the Presidential (Temporary Measures) Powers Act, introduced a virtual currency, the real-time gross settlement systems (RTGS) dollar, which will remain legal tende...Published: 27 Feb 2019 at 06:44hrs | 2884 | by Staff reporter
Mnangagwa mortgages diamonds to Botswana
PRESIDENT Emmerson Mnangagwa's government could be mortgaging the country's diamond deposits to Botswana, which has offered the struggling economy a US$500 million bailout backed by diamonds and a fur...Published: 26 Feb 2019 at 20:33hrs | 1769 | by Staff reporter
LIVE- All eye on Mangudya #MonetaryPolicyStatement speech
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will today (Wednesday) at 14:30hrs release the long-awaited Monetary Policy Statement (MPS). The market is eagerly waiting t...Published: 20 Feb 2019 at 12:16hrs | 11179 | by Staff reporter
All eyes on Mangudya
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will tomorrow (Wednesday) release the long-awaited Monetary Policy Statement (MPS). And on Friday, Mangudya will meet various stakeh...Published: 19 Feb 2019 at 17:09hrs | | by Staff reporter
EcoCash crash shows the vulnerabilities of going cashless
Although mobile money has become the leading transaction platform in Zimbabwe, its weaknesses came into focus this week after the dominant EcoCash network in Zimbabwe went down for two days, and left ...Published: 05 Jul 2018 at 18:49hrs | 3067 | by Tawanda Karombo / qz.com
Africa could be the next frontier for cryptocurrency
Experts say conditions on the continent are great for virtual currency Interest in cryptocurrency, a form of digital currency, is growing steadily in...Published: 06 Jun 2018 at 14:44hrs | 485 | by Pavithra Rao
High Court lifts RBZ crypto-currency trading ban
The High Court has reversed the ban on crypto-currency trading by the Reserve Bank of Zimbabwe after a local virtual currency exchange house challenged the decision.Golix made an urgent court ...Published: 24 May 2018 at 17:48hrs | 1822 | by Simiso Mlevu
Govt jumped the gun on cryptocurrency ban
Only a few days ago Minister of Finance and Economic Development Patrick Chinamasa announced that Zimbabwe's economy was now 96 percent cashless and a few days later the Reserve Bank of Zimbabwe annou...Published: 15 May 2018 at 06:57hrs | 311 | by Eng Jacob Mutisi
Zim cryptocurrency exchange launches token sale
A Zimbabwean cryptocurrency exchange has launched a token for sale to the public despite a ban on local banks to trade in virtual currency.Friday, the Reserve Bank of Zimbabwe through a circul...Published: 14 May 2018 at 19:31hrs | 1973 | by Byo24News Reporter
'RBZ must regulate not ban cryptocurrencies'
Zimbabwe Information and Communication Technology Division (ZICT) and other IT experts have called on the Reserve Bank of Zimbabwe to regulate cryptocurrencies rather than banning them outright....Published: 14 May 2018 at 14:22hrs | 411 | by Staff reporter
Zimbabwean banks banned from trading in crypto currency
The Reserve Bank of Zimbabwe has, in the interest of public trust in the financial system, banned local banks from trading in crypto currency.The central bank issued local banks with a 60 days...Published: 12 May 2018 at 13:28hrs | | by Byo24News Reporter
Nelson Mandela's golden hand casts sell for $10m in bitcoin
Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan ADDIS ABABA, Ethiopia - Gold castings ...Published: 28 Mar 2018 at 11:44hrs | 286 | by APO
Bitcoin dips below $10,000
Bitcoin has traded below $10,000 for the first time since early December.The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to the price index run by ...Published: 17 Jan 2018 at 13:39hrs | 1585 | by BBC
'RBZ engages bitcoin players'
THE Reserve Bank of Zimbabwe (RBZ) is reportedly sending its officials to engage local bitcoin players to try and understand how the cryptocurrency operates.Speaking to NewsDay on condition of...Published: 22 Dec 2017 at 09:59hrs | 1623 | by Staff Reporter
Zimbabwe universities hit by cyber attacks, bitcoins ransom demanded
THE National University of Science and Technology (Nust) and the Harare Institute of Technology (HIT) allegedly suffered cyber attacks yesterday with the hackers demanding more than $6 billion to rest...Published: 22 Jun 2017 at 07:07hrs | 1354 | by Staff reporter
Zimbabwe government admits 'printing' money
PRESIDENT Robert Mugabe's embattled administration has for the first time admitted printing money in the form of a virtual currency through the Real Time Gross Settlement (RTGS), acknowledging this ca...Published: 27 Apr 2017 at 18:42hrs | 10091 | by Staff reporter
MMM South Africa is still alive and recruiting
After news emerged that MMM Global's Republic of Bitcoin collapsed over the weekend, the South African wing of MMM said its system is not a Ponzi or pyramid scheme and is not affected by the crash...Published: 13 Apr 2016 at 11:29hrs | 5611 | by Staff reporter``
MMM's global pyramid collapses - report
Cape Town - Russian convict Sergey Mavrodi has allegedly gone into hiding after announcing that his Bitcoin-based MMM Global scheme had failed and was shutting down this weekend, ...Published: 12 Apr 2016 at 15:15hrs | 4412 | by Staff reporter
Bond coins or not there is just no going back
February 2015 will mark six years since Zimbabwe adopted the multi-currency monetary system, commonly referred to as dollarization. The move was in response to the chaotic hyperinflationary period tha...Published: 05 Jan 2015 at 10:45hrs | | by Perry Munzwembiri
Multicurrency system: Zimbabwe continues to lead the world
For the first time ever in its de facto one party rule since 1980, one must agree that Zimbabwe has gotten one and only one thing right: ,i.e. the multicurrency system. This is one area where Zimbabwe...Published: 14 Feb 2014 at 15:46hrs | 4152 | by Colls Ndlovu
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