Bitcoin 

Zimbabwe Coup Could Spike Bitcoin Price Even Higher on Domestic Exchanges

Instability stemming from an apparent coup could send the bitcoin price even higher in Zimbabwe. On Wednesday, Zimbabwe’s military initiated an apparent coup against President Robert Mugabe, the authoritarian leader who has ruled the country for nearly 40 years. Although the military denies it is attempting to overthrow the regime, the 93-year-old president has reportedly been taken into custody, throwing the country’s political future into turmoil. During times of crisis, people often turn to hard assets such as gold to preserve their wealth. Recently, bitcoin and other cryptocurrencies have begun…

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Bitcoin 

Bitcoin Price Nears $10,000 in Zimbabwe Due to a Lack of Cash in the Country

According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country’s economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the Golix.io exchange, while the global average is, at press time, of $5,642.00. According to a local trader, bitcoin isn’t just being bought by individuals, but by businesses with bills to pay. The country adopted the U.S. dollar back in 2009 as its fiat currency, as the Zimbabwean dollar had lost nearly all its value. At press time, LocalBitcoins Zimbabwe has…

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