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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...
African Startups Should Tokenize to Break Biased Funding Cycles
11.11.2020
Startup capital in Africa still favors foreign founders at the expense of homegrown projects. A proposal to break the cycle
Akoin rolls out to Kenyan tech city in first step towards Akon City
11.11.2020
The launch coincides with an AKN token listing on Bittrex cryptocurrency exchange
Weather-tracking blockchain in West Africa, but transparency on a raincheck
10.11.2020
A blockchain-based project aims to collect weather data generated in West Africa. Will the region be open to data sharing?
West African Program Will Store Weather Data on Telos Blockchain
10.11.2020
Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain. -
Nigeria hopes blockchain will generate $10B revenue by 2030
6.11.2020
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general
Coinbase in Japan, Binance In Africa, Bybit On Football Field + More News
5.11.2020
A Borussia Dortmund player. Source: a screenshot, Instagram/bvb09
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Coinbase said it is hiring more staff in Japan, in another hint...