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Nalezeno "Africa": 1563

Token-based electricity top-up app expands in Africa but faces headwinds

8.1.2021
Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa

Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force

7.1.2021
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service...

Ghanaian Startup Bitsika Africa Processed $40 Million in Crypto Remittances in 2020, up 3,900% Year-on-Year

5.1.2021
Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief executive officer Atsu Davoh said that deposits accounted for $18.87 million of the total...

CEO of MTI Bitcoin Ponzi Scheme Flees South Africa in Possible Exit Scam – Funds Blocked

24.12.2020
In an unexpected turn of events, the management team at Mirror Trading International (MTI) now suggest that their CEO Johann Steynberg may have exit scammed. The team alleges that Steynberg, now believed to be in Brazil, has locked out key management staff from accessing MTI’s account with...

Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years

17.12.2020
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to...

Africa is the future of DeFi, argues Cardano’s Charles Hoskinson

12.12.2020
The CEO of Cardano developers IOHK sees a promising path towards DeFi adoption throughout the world's second-most populous continent

Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year

7.12.2020
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables...

Everyone's talking crypto for solving sub-Saharan Africa's payments problems

3.12.2020
Stablecoins and continentwide regulations are key to breaking down barriers to Africa's economic growth

Following Binance Uganda closure, Binance P2P makes strong inroads in Africa

29.11.2020
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong

Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate

26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...

Retail Crypto Trading Soars In Africa and Asia + More News

25.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Marcus Swanepoel, Founder of UK-headquartered crypto exchange Luno, recently acquired by the Digital Currency Group, said that...

Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

21.11.2020
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider

South Africa Unveils New Crypto Rules as Usage Soars Exponentially

21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...

Can blockchain make a difference? Africa sees vast monetary potential

15.11.2020
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems

Etherisc to offer blockchain-based crop insurance to Kenyan farmers

14.11.2020
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change

Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City

14.11.2020
The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as a pilot for Akon City, the $6 billion futuristic city that is being built in Senegal. Akoin Crypto...