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Trump’s 100% Tariff Threat: South Africa Denies BRICS Currency Plan
2.12.2024
South Africa has denied reports that the Brazil, Russia, India, China and South Africa (BRICS) economic bloc is planning to create its own currency. Trump Demands BRICS Nations Shun Alternative Currencies Rattled by U.S. President-elect Donald Trump’s 100% tariff threat, South Africa has dismissed...
Rwanda Preparing to Regulate Cryptocurrencies: ‘Cannot Get Rid of Them,’ Says Governor
27.11.2024
Rwanda is preparing to regulate cryptocurrencies in early 2025, the governor of the central bank has said. Central Bank Head Warns of Unregulated Crypto Rwanda is poised to implement regulations governing the use and trade of cryptocurrencies, according to John Rwangomba, governor of the National...
South Africa Seeks Input on National AI Policy Framework
27.11.2024
The South African government has published a National Artificial Intelligence (AI) Policy Framework, which aims to guide the development and adoption of AI in the country. The framework outlines strategic pillars, including talent development, digital infrastructure, research, and innovation,...
Schindlers Digital Assets Launches Real Estate Purchases With Crypto in South Africa
21.11.2024
Residents can now use cryptocurrency to legally purchase real estate in South Africa in a first-of-its-kind offering. Real Estate Purchases Made Easy With Crypto Schindlers Digital Assets along with Schindlers Attorneys and Broll Auctions and Sales have developed the first legally-compliant process...
The Crypto Cleanup: South Africa’s New Bid to Exit FATF’s Grey List
20.11.2024
South Africa’s Financial Intelligence Centre has issued Directive 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions. New Rules Force Crypto Platforms to Track User Identities A South African financial intelligence unit has issued...
AI Hysteria Ignores Africa’s Harsh Reality: Lack of Internet Access Remains the True Threat
18.11.2024
While discussions about AI’s societal impact dominate globally, Africa’s limited internet access and other realities make widespread AI adoption on the continent unlikely. This points to the need for practical solutions before debating theoretical risks. AI Threat Debate Misses...
Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators
17.11.2024
Nigeria’s proposed Investments and Securities Bill, which proposes jail terms for Ponzi scheme operators, has been welcomed by crypto industry players who hope this will help clean up the sector’s reputation. 10-Year Jail Terms Proposed for Ponzi Operators Some members of Nigeria’s...
Bulgarian ‘Cryptoqueen’ Alive, Hiding in South Africa: Report
13.11.2024
A German report claims fugitive Ruja Ignatova, the “Cryptoqueen,” is alive and living in a wealthy Cape Town neighborhood in South Africa. Ignatova’s Family Shows No Signs of Mourning Fugitive Ruja Ignatova, as known as the Cryptoqueen and founder of Onecoin, is alive...
Russia, India, Africa Advance Bold Plans to Sideline US Dollar
12.11.2024
Russia, India, and several African nations are accelerating dedollarization, embracing national currencies in trade to enhance economic independence and reduce reliance on the U.S. dollar. Global Trade Gets a Shake-Up as Powers Pivot from the US Dollar Russia, India, and numerous African nations...
African Payment System Gets Banker’s Endorsement, but Viability Questions Linger
8.11.2024
The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion...
Real life yield farming: How tokenization is transforming lives in Africa
7.11.2024
A new wave of blockchain and tokenization projects is helping African farmers access revenue, investments and loans to build better lives
Kenyan Securities Exchange Joins Hedera to Bolster Tokenization Ambitions
1.11.2024
The Nairobi Securities Exchange has joined the Hedera Council to accelerate tokenization initiatives in Africa, leveraging the Hedera network’s technology and global reach. Expediting Uptake of Digital Assets Kenya’s main securities exchange, the Nairobi Securities Exchange (NSE),...
ETHSafari brings crypto world to Africa, and Africa to the crypto world
31.10.2024
The ETHSafari crypto conference in Kenya is a world away from Token2049… and a completely different mindset
ETHSafari brings crypto world to Africa, and Africa to the crypto world
31.10.2024
The ETHSafari crypto conference in Kenya is a world away from Token2049… and a completely different mindset
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
31.10.2024
The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a record low of NGN1,670.65 per U.S. dollar on...
Crypto Lobby Group CCI Expands Its Reach by Absorbing Proof of Stake Alliance
30.10.2024
The Crypto Council for Innovation (CCI) is taking in the Proof of Stake Alliance (POSA) as regulators worldwide increase their attention to stakings' role in digital assets, where hundreds of billions of dollars are on the line
TRON Returns to Nigeria for TRON Connect Africa Community Event
29.10.2024
PRESS RELEASE. Geneva, Switzerland,October 29,2024 – TRON DAO brought together students and industry professionals for a day filled with discussions, networking, and educational sessions at the TRON Connect Community Event in Uyo, Nigeria. Held at the University of Uyo, the event brought...
From Smuggling Gold Out of Africa to Bridging Bitcoin and Cardano
26.10.2024
A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age
World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
25.10.2024
The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering...
Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in Ethiopia
23.10.2024
Nasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant shift for the company as it transitions from an asset-light strategy to managing a diverse...