News & Blog
Financial Market Impacts of COVID-19
South Africa has faced many downturns in the past 20 years with the latest being COVID-19. Several GDP forecasts for 2020 have indicated a contraction of the South African economy ranging from 5% to as much as 23.5%. Certain industries will be more severely affected than others. These include the tourism, hospitality and entertainment industries that have been unable to operate under lockdown restrictions. In this ar.. Read More
How many cryptocurrencies are there?
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service. More than 14,500 .. Read More
Why are cryptocurrencies so popular?
Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular: Supporters see cryptocurrencies such as bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money vi.. Read More
Checking Crypto Currency Disruptions
Minister calls for regulation to check cryptocurrency disruptions in Nigeria The Minister of State, Budget and National Planning, Prince Clem Ikanade Agba, has said cryptocurrency has huge potential and could be the biggest disruptor in finance and governance the world has ever witnessed, even as he calls for regulation of the industry. Agba spoke at the weekend, during the maiden edition of Technext conference in Lagos .. Read More