[Mar 17, 2023 5:30 AM] The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain startups on the continent. While global blockchain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed…
[Mar 16, 2023 7:54 AM] In a letter to investors, BlackRock CEO Larry Fink highlighted the benefits of digital assets and said developing nations like the U.S. are lagging behind in innovation.
[Mar 16, 2023 5:30 AM] The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the…
[Mar 12, 2023 4:30 AM] Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the…
[Mar 12, 2023 1:30 AM] The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the central bank, some of the guidelines’ objectives…
[Mar 8, 2023 1:00 PM] Why is there a groundswell toward Bitcoin adoption in Dakar? And could it influence neighboring countries and regions to explore magic internet money?
[Mar 6, 2023 3:30 AM] Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks…
[Mar 5, 2023 1:00 AM] According to an analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates…
[Mar 2, 2023 1:30 PM] Users from Liberia, Sierra Leone and more can now directly utilize their local currencies to buy and sell bitcoin through Binance P2P.Cryptocurrency platform Binance has announced that its peer-to-peer (P2P) marketplace will now support more…
[Mar 1, 2023 3:30 AM] Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the…
[Mar 1, 2023 12:30 AM] Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding…
[Feb 27, 2023 5:00 AM] Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their…
[Feb 26, 2023 5:00 AM] In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial…
[Feb 24, 2023 11:30 AM] The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset…
[Feb 24, 2023 6:30 AM] More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to help the central bank implement a system which…
[Feb 23, 2023 6:30 AM] The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this…
[Feb 22, 2023 11:32 AM] Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr.
[Feb 21, 2023 3:40 PM] As Nigerians protest over the inability to withdraw cash, it should be clear that the country needs a Bitcoin alternative.This is an opinion editorial by Ray Youssef, a founder and CEO of Paxful and a founder of the Built With Bitcoin…
[Feb 21, 2023 10:11 AM] In regions where the internet is slow or unstable, using Bitcoin’s Lightning Network can be a challenge. What are the best tools available?This is an opinion editorial by Anita Posch, the founder of Bitcoin For Fairness who has traveled around…
[Feb 21, 2023 7:10 AM] After multiple attempts to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology.
[Feb 19, 2023 2:36 PM] The Bank of Zambia and the country’s securities regulator are collaborating on digital infrastructure and a policy framework for crypto.
[Feb 18, 2023 5:30 AM] The Nigerian crypto payment gateway Fluidcoins was recently bought for an undisclosed sum by Blockfinex, in a deal which the former’s CEO Lanre Adenowo described as an “acquihire deal.” Blockfinex reportedly said it will leverage…
[Feb 17, 2023 3:00 PM] The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts…
[Feb 17, 2023 4:00 AM] The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required…
[Feb 15, 2023 3:00 AM] Rightfulshare, an income equality advocacy movement, recently said it has launched what it describes as the “first unconditional” crypto universal basic income (UBI) transfer. According to Karen Jooste, the crypto UBI not only expands…
[Feb 14, 2023 4:00 PM] The government of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that all local payments be settled in the local currency. The Salva Kiir Mayardit government reportedly said it also wants all signed commercial…
[Feb 14, 2023 5:30 AM] According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been…
[Feb 11, 2023 7:00 AM] Following an unsuccessful CBDC launch, Nigeria’s central bank is now trying to cut off cash. Bitcoin can help Nigerians find sovereignty.This is an opinion editorial by Heritage Falodun, a Bitcoin consultant and computer scientist based in…
[Feb 11, 2023 3:30 AM] Fastagger Inc, an artificial intelligence and blockchain startup from Kenya, recently revealed that it had received an investment from the Swizterland-based blockchain investor CVVC. Mutembei Kariuki, said the investment will be used to fund the…
[Feb 9, 2023 11:30 PM] The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective…
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