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Bitcoin’s silent exodus hits crypto as long-time buyers cash out

Bitcoin’s silent exodus hits crypto as long-time buyers cash out

More than two months after the token hit a record high above $12 000, Bitcoin has fallen nearly 30% and is struggling to find support.Bitcoin’s most entrenched investors are still cashing out — and the pressure is starting to show.More than two months after the token hit a recor

Ultimate Uganda

Uganda: Govt Warns of of Shrinking Clean Water Resources Amid Growing Population

Uganda: Govt Warns of of Shrinking Clean Water Resources Amid Growing Population

The Assistant Commissioner for Water Resources Planning and Regulation at the Ministry of Water and Environment, Richard Musota, has warned that access to clean and safe water in Uganda is increasingly under threat due to population growth, environmental degradation, and unsustainable water use p

Ultimate Uganda

Uganda: Museveni Blames Kassanda's Poor Services On Opposition Voting, Asks Residents to Reverse Trend

Uganda: Museveni Blames Kassanda's Poor Services On Opposition Voting, Asks Residents to Reverse Trend

President Yoweri Museveni has faulted the people of Kassanda District for voting opposition politicians, saying the decision is partly responsible for the poor service delivery in the area.Addressing a rally at Bukuya Town Council grounds on Wednesday, Museveni said that although some prog

Ultimate Uganda

Uganda Breweries provides relief to 60 families after Sebei landslides

Uganda Breweries provides relief to 60 families after Sebei landslides

KAMPALA, Uganda — Uganda Breweries Limited has delivered emergency relief to 60 families in the Sebei sub-region following a series of devastating landslides that killed several people and destroyed homes earlier this year.Between Sept. 29 and Nov. 1, four major landslides struck the dis

Ultimate Uganda

Prosecutors allege SSP Agasiirwe provided guns and funding for Kagezi killing

Prosecutors allege SSP Agasiirwe provided guns and funding for Kagezi killing

Two men, including a senior police officer, have been committed to the High Court to stand trial for the 2015 murder of Joan Kagezi, the former assistant director of public prosecutions.The Office of the Director of Public Prosecutions on Wednesday moved to commit Senior Superintendent of

Ultimate Uganda

Former Minister Nsaba Buturo’s Daughter Passes On

Former Minister Nsaba Buturo’s Daughter Passes On

The daughter of former minister Nsaba Buturo has passed on, drawing condolences from political, corporate and social circles across the country.Racheal Ainembabazi Buturo, a Marketing Assistant at Housing Finance Bank, died recently, according to an official statement released by the bank

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Museveni Asks Mityana People To Protect Wetlands

Museveni Asks Mityana People To Protect Wetlands

The Presidential candidate, Yoweri Kaguta Museveni, concluded his campaign in Greater Mubende with a stop in Mityana District. He urged residents to protect wetlands, emphasising their importance to the environment.The Presidential candidate, Yoweri Kaguta Museveni, concluded his campaign

Ultimate Uganda

Bitcoin’s price ‘fails’ twice, but here’s why a crypto-winter is still unlikely

Bitcoin’s price ‘fails’ twice, but here’s why a crypto-winter is still unlikely

Bitcoin's price 'fails' twice, but here's why a crypto-winter is still unlikelyBitcoin’s [BTC] recovery efforts haven’t been totally successful lately. In the last 8 days, Bitcoin has tested the $94k local resistance twice.Both times, it failed to break through. As things stand,

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Bobi Wine Electrifies Teso

Bobi Wine Electrifies Teso

Teso is politically significant as it is home to Speaker of Parliament Anita Among and Vice President Jessica Alupo, both senior figures in the ruling National Resistance Movement (NRM)Bobi Wine campaigning in Teso this TuesdayLarge crowds on Tuesday turned out to welcome National U

Ultimate Uganda

Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS

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