MTI CEO ordered to pay $1.7 billion in restitution for bitcoin Ponzi scheme
The founder of the bitcoin Ponzi scheme, MTI was charged with identity fraud last month in Brazil.
News
Kenya’s digital asset tax: death knell for crypto adoption?
The Kenyan government passed the Digital Assets Tax into law, mandating crypto users to pay a 3% tax anytime they exchange an asset.
CryptoConvert partners with VALR and Luno to enable bitcoin payments at Pick n Pay stores
Customers of top South African retail store can easily make crypto payments through VALR and Luno.
Worldcoin denies using free tokens to induce users to sign up
Worldcoin CEO appeared before the Kenyan Parliament to defend the company’s operations and here are key insights from the session.
Trade in cryptocurrency not illegal: CBK Governor
The committee also summoned the CBK governor to explain why the Bank failed to detect the Worldcoin token payments made to Kenyans via M-Pesa.
Crypto adoption on the rise in Cameroon, amidst growing concerns of Ponzi schemes - study
Numerous companies offering crypto products in Cameroon follow the Ponzi scheme patterns, resulting in losses, the study reads.
Worldcoin probe: Journalists denied access to committee meeting in Kenya
Worldcoin’s orb, used to scan people’s eyeballs, was confiscated by the DCI from the operators and is in their custody.