[Feb 14 6:30 AM] President Faustin Archange Touadéra of the Central African Republic officially launched the CAR memecoin on Feb. 9 via a video shared on his X account. Deepfake Claims Dismissed The President of the Central African Republic, Faustin Archange…
[Feb 9 11:40 PM] Tanzanian billionaire Mohammed Dewji’s social media account was recently hacked by crypto scammers who promoted a fake digital asset, the “Tanzania token.” Tanzania Token The social media account of Tanzanian billionaire Mohammed…
[Feb 8 12:30 AM] A coalition of software firms recently launched Nigeria’s first compliant stablecoin, cNGN, which is now included in the Nigerian Securities and Exchange Commission incubation program. Stablecoin to Bring ‘Stability’ to…
[Feb 7 5:30 AM] Countries are accelerating a shift away from the U.S. dollar in trade, with Russia and Ethiopia deepening currency ties to enhance economic stability and reduce reliance on foreign exchange. Global Shift Away From US Dollar Accelerates—Russia and…
[Feb 3 2:30 PM] Tensions between the United States and South Africa appeared to escalate on February 3, with South African President Cyril Ramaphosa pushing back against Donald Trump’s claims. South Africa’s Land Question The tiff between the United…
[Jan 31 8:30 AM] A South African man accused of sending bitcoin to an Islamic State affiliate in Syria, is set to be released on bail after a court ruled he is not a flight risk. Accused Person Not a Flight Risk A South African man accused of sending bitcoin (BTC)…
[Jan 30 2:09 PM] In the past two months, I’ve attended the Adopting Bitcoin Cape Town conference in South Africa and the African Bitcoin Conference in Kenya. I’ve also visited Bitcoin circular economies in both of these countries including Bitcoin Ekasi, Afribit…
[Jan 28 7:10 AM] South African fintech startup has partnered with BTS and Serti Solutions to facilitate cryptocurrency payments for vehicles at over 1,400 car dealerships. Bridging the Gap Between Customers and Car Dealers South African fintech startup 6DOT50…
[Jan 24 11:30 PM] The “America First” policies of the Trump administration could weaken currencies such as the Nigerian naira, leading to higher debt servicing costs. Trump Threat The “America First” policies of the Trump administration could…
[Jan 24 7:30 PM] Chris Maurice, CEO of Yellow Card, believes the emergence of a crypto-friendly government in the U.S. will prompt African regulators to establish rules for the sector. African Regulators Seen Following U.S. Lead The recent emergence of a…
[Jan 17 3:15 AM] On Jan. 13, the Bank of Namibia announced provisional authorization for two entities, Mindex Virtual Asset Exchange and Landifa Bitcoin Trade, to operate as virtual asset service providers. Provisional Authorization First Step in Two-Step Licensing…
[Jan 15 4:27 PM] Listening to Sébastien Gouspillou share stories from the past eight years of his international life as a Bitcoin miner, it’s difficult to believe he’s telling the truth.Each of his tales come across as works of fiction in which he, often compelled…
[Jan 10 1:30 PM] Cryptocurrency exchanges have argued that pension funds should be allowed to invest in crypto assets, enabling South Africans to benefit from the substantial growth in cryptocurrency value. South African Treasury Urged to Formulate…
[Jan 9 10:30 AM] The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and…
[Dec 28, 2024 6:30 PM] China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly…
[Dec 17, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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…
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