The rise and fall of crypto in Africa and everywhere ...Middle East

Quartz - Economy
The rise and fall of crypto in Africa and everywhere
Hi Quartz Africa readers,In March 2017, I was driven by curiosity to open a bitcoin wallet. My main motivation was to understand how the entire bitcoin blockchain works. At the time, the price of bitcoin was $1,200, but by the end of the year, it rose to $20,000. The price would hit an all time high of $69,000 last November before dropping to $25,900 this week.For many Africans in crypto, it has been a journey oscillating between both unbridled optimism and rampant skepticism. The influx of scammers has seen widespread government directives against crypto trade. Even in the past few weeks, the Central African Republic (CAR) announced that bitcoin would be its official currency at a time when

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