$19 billion crypto blood bath
- The crypto market lost over $19 billion in a single weekend due to a US tariff announcement.
- Bitcoin's price dropped from over $125,000 to around $113,000 amidst the sell-off.
- Traders reported issues with exchanges like Binance during the market crash, leading to compensation promises from the CEO.
The volatility in the crypto market underscores the risks associated with leveraged trading, especially in response to geopolitical events. Meanwhile, Akinboye's success story is a testament to the potential of creative industries in Africa. Absa's move into the MVNO space could reshape the banking landscape in South Africa, but its success will depend on strategic partnerships and execution.
