792 people have been arrested in Nigeria as part of a raid on a crypto romance ring. Many of those taken into custody from the site in Victoria Island were foreign nationals including 148 who were from China. The scam targeted victims around the world by developing romantic relationships with their marks via social media and then manipulating them into buying fake crypto investments.
Nigeria: 792 arrested over crypto-romance scam
China increases gold purchases to reduce reliance on US dollar assets
China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410
Zimbabwe’s ZiG seeks to gain trust and reduce reliance on the US dollar
Zimbabwe’s government is actively promoting the ZiG currency to reduce reliance on the US dollar, despite widespread scepticism stemming from past currency crises. The Reserve