Firms

Not all Bitcoin holding firms will avoid death spiral

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Not all Bitcoin holding firms will avoid death spiral, new report says

Nearly 200 companies now hold billions in Bitcoin, but a new report cautions that only a few can avoid the dangers of a potential death spiral. Bitcoin’s (BTC) corporate adoption is accelerating fast, with nearly 200 entities now holding over 3 million BTC on their balance sheets. But as new players seem to rush in, … Read more

Africa Crypto Week in Review: Nigeria Crypto Firms Raise $20 Million, CBEX Exits In Kenya and Nigeria, South Africa To Host Crypto Event

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In the latest Africa crypto news: Nigerian crypto firms secure $20M in 2024 as CBEX collapses leave victims in the Nigerian and Kenyan web3 space. It is estimated that victims lost over $800 million, with the most impact felt in Nigeria. Meanwhile, the Wiki Finance Expo is set for Johannesburg on August 16. Some top … Read more