[Oct 26, 2023 7:30 AM] I write this article as a resident of New York City, home of the Statue of Liberty, one of the most widely recognized symbols of America — the “land of the free”.But, when it comes to Bitcoin, I don’t feel so free as a New Yorker.New York State…
[Oct 24, 2023 9:30 PM] According to reports, the operators of a Central African Republic (CAR) crypto company which promised a high return on money invested have disappeared along with $1.6 million in investor funds. High-profile personalities including lawmakers and…
[Oct 24, 2023 3:30 PM] A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and…
[Oct 22, 2023 3:30 AM] The Africa-focused crypto trading app Vibra has reportedly stopped working in Ghana, Kenya, and Nigeria. Reports that the app is not working in the three countries contradict the co-founder’s claim that only users from Nigeria are affected…
[Oct 18, 2023 4:30 AM] Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the…
[Oct 18, 2023 3:00 AM] The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to…
[Oct 15, 2023 1:30 AM] The Nigerian central bank said on Oct. 12 that it had lifted foreign exchange restrictions imposed on the importation of 43 items. The central bank said the restrictions initially imposed in 2015 may have contributed to the weakening of the naira…
[Oct 11, 2023 10:30 PM] The Ghanaian central bank said it will be hosting a 12-week hackathon where participants are expected to explore the e-cedi’s nine different use cases. At the end of the hackathon, the central bank will hold a conference where individuals…
[Oct 11, 2023 1:00 AM] The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure…
[Oct 8, 2023 11:30 PM] Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of…
[Oct 4, 2023 5:30 AM] Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service…
[Oct 3, 2023 5:30 AM] A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the African country has reportedly censured a government official over his inconsistent statements about Worldcoin’s license status. The committee also…
[Oct 3, 2023 12:45 AM] Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected…
[Oct 2, 2023 9:55 AM] The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers.
[Oct 1, 2023 2:00 AM] The recently hacked Nigerian gift card and crypto exchange platform Patricia said on Sept. 29 that it had raised money to refund users. Some users have reportedly grown impatient with the crypto exchange and are weighing their legal options…
[Sep 27, 2023 5:30 AM] The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative that seeks to boost the country’s foreign exchange reserves by buying gold with local currency. The bank said its objective is to acquire six tonnes of gold from…
[Sep 26, 2023 9:30 PM] Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the…
[Sep 23, 2023 1:30 AM] Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a…
[Sep 20, 2023 5:30 AM] Kenyan law enforcement recently detained two Worldcoin executives as they attempted to depart the country. According to the Kenyan Interior Minister, the duo were eventually let go after the U.S. government’s intervention. U.S. Government…
[Sep 15, 2023 9:30 PM] Nearly $4.8 million has been used to fund cryptocurrency and blockchain education efforts in Kenya, the CEO of Tools for Humanity, Alex Blania, recently revealed. Blania also denied allegations that Worldcoin plans to sell users’ biometric data…
[Sep 15, 2023 10:14 AM] Introduction. The most recent coup in Niger brings to a head a lot of the challenges that have been happening in west Africa, in Francophone Africa in particular. The French and US involvement in this region was purportedly to help economic…
[Sep 14, 2023 4:00 AM] Yellow Card, the Africa-focused crypto exchange, recently said it had joined forces with Moonpay in an arrangement which is expected to help “enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.”…
[Sep 13, 2023 4:32 AM] Opera’s new in-browser, non-custodial wallet runs on the Celo blockchain and targets the platform’s user base in Africa for P2P stablecoin transactions.
[Sep 11, 2023 5:30 AM] The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s…
[Sep 8, 2023 1:23 AM] GT Igwe Chrisent said Africa must erase poverty and help people into the middle class to drive faster blockchain technology adoption.
[Sep 7, 2023 11:30 PM] The Ugandan mobility fintech Asaak recently spread its tentacles to Latin America after it bought the Mexican asset financing business Flexclub. The fintech’s CEO suggested that his company’s successful and profitable microfinance business…
[Sep 7, 2023 9:30 PM] The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is…
[Sep 7, 2023 2:20 PM] In a commendable move to advance financial literacy and inclusion, Samara Asset Group has donated $10,000 in bitcoin to Bitcoin DADA, per a press release sent to Bitcoin Magazine. This Kenya-based non-profit initiative is steadfastly working…
[Sep 5, 2023 7:22 AM] As part of the acquisition, Qala rebrands as the ₿trust Builders Programme and aims to drive the development and education across the Global South.
[Sep 3, 2023 9:30 PM] At some point in July, there were as many as 350,000 Kenya-based residents who had subscribed and shown interest in receiving Worldcoin’s crypto token. According to a Kenyan legislator, Worldcoin executives are now expected to appear before a…
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