[Dec 17 5:24 PM] Company Name: GridlessFounders: Janet Maingi, Erik Hersman and Philip WaltonDate Founded: August 2022Location of Headquarters: United States | Operations in Kenya, Malawi and ZambiaNumber of Employees: 10Website: https://gridlesscompute.com/Public…
[Dec 15 6:30 AM] Yellow Card, an African stablecoin platform, has partnered with Lightspark to integrate Universal Money Addresses (UMA) into its services. Yellow Card Connects African Businesses to UMA Network Yellow Card, the Africa-focused stablecoin platform…
[Dec 7 12:30 PM] Moroccan authorities arrested five people suspected of running a cryptocurrency phishing scam. Email Phishing Scam Moroccan authorities have arrested and detained five individuals suspected of involvement in a cryptocurrency fraud operation. Police…
[Dec 3 7:30 AM] The fundraising is to expand Recursive Capital’s investments in bitcoin companies exclusively on the African continent. More Support for Bitcoin Companies in Africa Recursive Capital, a venture capital firm that specializes in funding bitcoin…
[Dec 2 5:17 PM] 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…
[Nov 27 11:30 AM] 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…
[Nov 18 5:30 AM] 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…
[Nov 16 11:30 PM] 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…
[Nov 8 8:30 AM] 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…
[Nov 1 7:30 AM] 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…
[Oct 31 9:04 AM] 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…
[Oct 30 11:00 AM] 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.
[Oct 25 8:30 AM] 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…
[Oct 23 10:30 AM] The Zanzibar government has introduced a blockchain sandbox program to encourage entrepreneurship and technological advancements. The program, powered by the Xinfin XDC network and designed by Ledgerfi IT solutions, allows startups to safely test…
[Oct 21 11:20 AM] South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is…
[Oct 20 9:30 AM] Yellow Card, a leading African stablecoin platform, closed a $33 million Series C funding round led by Blockchain Capital. The funding signifies a milestone for Yellow Card and the African fintech industry, highlighting the potential of stablecoins…
[Oct 19 10:29 PM] A Nigerian court has adjourned the trial of Tigran Gambaryan, a jailed Binance executive, due to his illness. Gambaryan, a U.S. citizen and former federal agent, missed a scheduled court appearance. Nigerian High Court Judge Emeka Nwite postponed…
[Oct 19 3:30 AM] Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets…
[Oct 18 9:30 AM] Alchemy Pay and Yellow Card have teamed up to make cryptocurrency more accessible in Africa. Alchemy Pay’s on-ramp product will utilize Yellow Card’s payment infrastructure in 20 African countries, allowing users to purchase crypto with…
[Oct 18 7:30 AM] Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies…
[Oct 18 5:30 AM] The Kenyan Revenue Authority (KRA) is tightening its grip on cryptocurrency by proposing a real-time tax system integrated with exchanges. This system would track all crypto transactions, capturing details like time and value for tax collection…
[Oct 16 9:30 AM] The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and…
[Oct 14 6:20 PM] Follow Frank on X. At this year’s Oslo Freedom Forum, gigabrain Lyn Alden made the case that bitcoin is now liquid enough to be used in a human rights context, a compelling argument and one with which I agree.Bitcoin, which now has a market cap of…
[Oct 13 3:30 AM] The South African Revenue Service (SARS) has announced plans to include crypto assets in its tax compliance programs. SARS is seeking information on crypto users and is increasing its efforts to identify and audit non-compliant taxpayers. The…
[Oct 9 9:45 PM] The Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos…
[Oct 9 7:30 AM] The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address currency volatility. The bank attributed the volatility to high demand for imports and seasonal factors…
[Oct 8 8:30 AM] South African crypto exchange Luno has partnered with Zapper to enable crypto payments at over 31,000 merchants. This partnership aims to expand crypto’s use beyond investment and into daily transactions. The partnership is part of a broader…
[Oct 5 9:30 PM] The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and…
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