[Aug 31 10:40 PM] The East African nation of Tanzania has reportedly restricted access to the social media platform X (formerly Twitter). This ongoing outage has been confirmed by Netblocks, an internet observatory organization. The incident coincides with a police…
[Aug 28 8:05 PM] Binance CEO Richard Teng has said that Tigran Gambaryan, a former U.S. federal agent working for Binance, has been unjustly detained in Nigeria for six months. Teng reiterated claims that Gambaryan’s physical and mental health has…
[Aug 27 5:30 AM] Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he has been denied proper medical care, leading to severe health issues, including a herniated disc that has left him…
[Aug 25 4:30 AM] During the first half of 2024, Google Search trends revealed a significant rise in interest in artificial intelligence (AI) in South Africa, Nigeria, and Kenya. Interest in AI grew by 150% in Kenya, 130% in Nigeria, and 120% in South Africa…
[Aug 23 9:30 AM] Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to provide secure and…
[Aug 21 5:05 PM] Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of…
[Aug 20 11:10 PM] Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move…
[Aug 17 9:30 AM] The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans to review its diaspora…
[Aug 17 7:30 AM] A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation confirmed reports of his death. The order…
[Aug 15 12:30 PM] South Africa has published a national policy framework for artificial intelligence (AI) and is seeking feedback from stakeholders. This framework is the first step towards developing a comprehensive national AI policy. It aims to foster a robust AI…
[Aug 15 8:30 AM] Jailed Binance employee and an American citizen, Tigran Gambaryan, is reportedly experiencing severe health issues. Since a Nigerian court adjourned his hearing to October 11, his detention conditions have worsened, and his legal team has been…
[Aug 10 4:30 AM] According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanctioned entities, including…
[Aug 8 5:30 AM] The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug. 7. The Ethiopian central bank envisions similar auctions in the coming weeks, depending on market conditions. The NBE said banks keen on…
[Aug 7 1:22 PM] The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said…
[Aug 6 6:30 AM] Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme…
[Aug 3 5:12 PM] Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling…
[Aug 2 4:05 AM] The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance secure and efficient operations in the foreign exchange market. As of August 1, 2024, all licensed Foreign Exchange…
[Jul 31 8:30 AM] Chinese tech giant Huawei says it will leverage its experience to help African customers. The company aims to achieve this by providing storage products and services to manage data. Huawei will also offer cloud services to support African…
[Jul 26 4:20 PM] Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher…
[Jul 25 10:27 AM] HSBC Australia has announced that it will block all customer payments to cryptocurrency exchanges via credit or debit cards, starting from July 24, 2024. The bank cites the high-risk nature of such transactions as the primary reason for this…
[Jul 24 3:05 PM] The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology…
[Jul 21 11:30 PM] Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to…
[Jul 21 1:40 PM] The African Union (AU) has approved its Continental Artificial Intelligence (AI) Strategy and African Digital Compact to drive Africa’s digital development. These initiatives aim to accelerate digital transformation by leveraging new technologies…
[Jul 20 8:30 AM] The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million…
[Jul 20 3:30 AM] Ownmali, a blockchain-enabled real estate tokenization platform, has been admitted into the Capital Markets Authority of Kenya (CMA Kenya) Regulatory Sandbox. Ownmali aims to foster greater inclusivity in real estate investing by making it more…
[Jul 19 12:30 PM] Momint, a Web3 startup, is poised for global expansion after securing a $50,000 grant from the Dfinity Foundation. This Swiss non-profit organization, known for its blockchain R&D, awarded the grant through the Internet Computer Protocol (ICP)…
[Jul 17 9:37 PM] Okx, a leading cryptocurrency exchange, has announced its decision to discontinue services in Nigeria starting from August 16, 2024. The company cited unfavorable policies by the Nigerian government as the reason for this move. Okx said Nigerian…
[Jul 17 2:30 AM] Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international…
[Jul 16 4:45 PM] Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement…
[Jul 13 10:30 PM] Nigerian Justice Emeka Nwite recently set October 11 as the date for ruling in the trial of Binance Holdings Limited, a popular cryptocurrency platform. The platform and its two directors face a four-count tax evasion charge for failing to register…
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