17 / 17 Relevant items tagged with #Africa

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Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot

[Dec 22, 2022 6:30 AM] Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent…

Three Countries Account for Nearly Two-Thirds of Africa’s Crypto Holders — Study

[Dec 21, 2022 4:30 AM] According to a new study, out of the estimated 55.3 million cryptocurrency holders that are spread among 33 African countries, three countries — Nigeria, South Africa, and Kenya — account for approximately 36.14 million or nearly two-thirds of this…

Sango Coin listing postponed by Central African Republic

[Dec 20, 2022 7:03 AM] As the first country to adopt Bitcoin as legal tender in Africa, the Central African Republic appears to be struggling with its investor-oriented token, Sango Coin.

The Africa Bitcoin Conference Showed That Africa Needs Bitcoin, Just As Bitcoin Needs Africa

[Dec 20, 2022 7:00 AM] This month’s Africa Bitcoin Conference underscored the need for Bitcoin on the continent and the progress of grassroots projects there.This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs.The inaugural Africa…

Nigeria Looking To Legalize Bitcoin Usage: Report

[Dec 18, 2022 3:15 PM] If passed, the reported amendments would regulate bitcoin and cryptocurrency usage in the African nation.A local Nigerian newspaper has reported that Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and…

Fonbnk’s Michael Kimani sorts out facts on crypto adoption in Africa

[Dec 14, 2022 8:01 AM] The first episode of Hashing It Out features Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) and Michael Kimani, Fonbnk’s co-founder and head of growth in Africa.

Bitcoin’s Lightning Network Is Enabling Instant Fiat Transfers Between Europe and Africa

[Dec 12, 2022 6:06 AM] People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittances in local currency from the EU and the UK through Bitcoin’s Lightning.Bitcoin app CoinCorner said in a statement Monday that it had enabled Send Globally, a feature…

Bitcoin Lightning Network to be used in fiat transfers between EU and Africa

[Dec 12, 2022 4:40 AM] CoinCorner and Bitnob teamed up to create cross-border transactions between the UK and Europe to Africa via the Bitcoin Lightning Network.

Bitcoin App Strike Launches Instant, Cheap Remittances To Africa

[Dec 6, 2022 7:30 AM] People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittance payments in local currency through Bitcoin’s Lightning Network.Bitcoin payments app Strike said in a statement Tuesday that it had launched Send Globally, a new feature…

Strike partners with Bitnob to facilitate cross-border payments into Africa

[Dec 6, 2022 4:43 AM] On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin.

African Bitcoin Mining Firm Gridless Raises $2 Million In Funding Round Led By Stillmark, Block Inc.

[Dec 6, 2022 1:45 AM] The mining company focuses on rural communities in East Africa and intends on increasing electricity and energy access for the region.Gridless, a bitcoin mining company that is focused on rural communities in East Africa, has raised $2 million in a…

AAX clients storm exchange's office in Lagos following operational halt

[Dec 4, 2022 12:23 PM] A group of angry users attacked crypto exchange employees after withdrawals were halted, according to local media.

Opposing The Corruptible Fiat System, Bitcoin Enforces Universal Human Rights

[Nov 28, 2022 7:00 AM] The properties of Bitcoin allow it to protect the human rights of people around the world, as outlined by the United Nations.​​This is an opinion editorial by Anita Posch, the founder of Bitcoin For Fairness who has traveled…

IMF calls for tighter crypto regulation in Africa as the industry unfolds

[Nov 24, 2022 3:45 PM] FTX's collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund.

BIS report finds uneven progress, differing motivations in African CBDC adoption

[Nov 24, 2022 3:15 PM] A survey of the continent’s central banks shows optimism about greater efficiency and inclusion, but several drawbacks remain; Nigeria already has an operational retail CBDC.

IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed

[Nov 24, 2022 3:00 AM] A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post…

Proof Of Resilience: Financial Freedom Through Bitcoin In Africa

[Nov 21, 2022 9:06 PM] Bitcoin offers financial opportunities that have been explicitly taken from Africans in recent history.This is an opinion editorial by Alexandria, a citizen of Zimbabwe and a second year business administration student at Liaoning Shuhua University…

Kenyan legislation establishes crypto taxation, creates consumer protections

[Nov 21, 2022 1:00 PM] The country’s first effort at crypto regulation amends its Capital Markets Law to define crypto as a security and establish reporting, tax and other requirements.

Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees

[Nov 17, 2022 5:00 AM] Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off…

How to build a Bitcoin Beach: Advice from the pros

[Nov 13, 2022 8:10 AM] Founders of Bitcoin Beach El Salavdor, Bitcoin Ekasi in South africa, Dakar Bitcoin Days in Senegal and Global Bitcoin Fest shed light on building Bitcoin communities around the world.

LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa

[Nov 11, 2022 6:00 PM] PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish…

Zimbabwean Central Bank Launches CBDC Consumer Survey

[Nov 11, 2022 2:30 AM] The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the…

Nigerian Currency Gains Versus US Dollar Days After Tapping All-Time Low

[Nov 10, 2022 4:30 AM] Just a few days after plummeting to its worst exchange rate against the U.S. dollar ever, the Nigerian currency was trading at around 820 units for every dollar on Nov. 8, a report has said. An economist has suggested that the Central Bank of…

Bitcoin Will Empower The Youth Of Nigeria

[Nov 8, 2022 7:20 PM] The young people of Nigeria are ready to harness the opportunity that Bitcoin represents to lead their country.This is an opinion editorial by Ray Youssef, CEO of Paxful and cofounder of the Built With Bitcoin Foundation.My plane wheels touched the…