Uganda’s gold discovery: What it could mean for crypto

Cointelegraph

Published Jun 24, 2022 10:50AM ET

Updated Jun 24, 2022 12:20PM ET

These are fraught times for the cryptocurrency and blockchain sector, so it isn’t surprising that industry proponents might seize upon any promising news to help charge flagging markets. A Reuters report out of Uganda last week about a massive gold ore discovery supplied just this kind of fuel.

What does the state of gold mining in Africa have to do with the price of global Bitcoin (BTC)? Quite a bit, potentially.

Rwenzori mountains in Uganda.

Continue Reading on Coin Telegraph