Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria

December 19, 2024 Bitcoin.com

Africa

The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently arrested 792 suspects implicated in crypto romance scams. The arrests followed a raid on a building believed to be a hub […]

Crypto payments firm MoonPay mulls 0M Helio acquisition: Report

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

Yellow Card, Lightspark Partner to Bring Instant Bitcoin Transfers to Africa

December 15, 2024 Bitcoin.com

Africa

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, has partnered with Lightspark to connect businesses in 20 African countries to the Universal Money Address (UMA) network. According to Lightspark, this […]

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

Fire Brigades Association becomes first Kenyan labor union to hold BTC

December 11, 2024 Coin Telegraph

Adoption

The union’s adoption was facilitated by a “get off zero” donation and partnership with Proof of Workforce.

The Kenya National Fire Brigades Association (KENFIBA) has purportedly become the first labor union in the country to adopt a Bitcoin (BTC) reserve.

Funded through a “get off zero” donation facilitated by Proof of Workforce, a nonprofit organization dedicated to helping unions and workers adopt Bitcoin, the announcement took place at the Africa Bitcoin Conference on Dec. 11.

According to a social media post from Proof of Workforce, the cryptocurrency fund will serve to help expand Kenya’s firefighting efforts. The nonprofit also said that KENFIBA may not just be the first union in Kenya to adopt Bitcoin, it may very well be the first of its kind on the entire continent.

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

Morocco Cracks Down on Crypto Crime: 5 Arrested in Phishing Scam

December 7, 2024 Bitcoin.com

Africa

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 also recovered an unspecified amount of money allegedly linked to the scheme, as well as mobile devices used in the crimes. According to […]

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

Recursive Capital Closes Funding Round to Support Bitcoin Companies in Africa

December 3, 2024 Bitcoin.com

Africa

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 businesses in Africa announced the Fund I’s first close on Saturday, Nov. 30. Block Chairman Jack Dorsey, chairman of Fortress Investment […]

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

Trump’s 100% Tariff Threat: South Africa Denies BRICS Currency Plan

December 2, 2024 Bitcoin.com

Africa

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 Trump’s 100% tariff threat, South Africa has dismissed as false reports that the BRICS economic bloc is planning to […]

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

Rwanda Preparing to Regulate Cryptocurrencies: ‘Cannot Get Rid of Them,’ Says Governor

November 27, 2024 Bitcoin.com

Africa

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, according to John Rwangomba, governor of the National Bank of Rwanda (NBR). Rwangomba anticipates the regulations will be […]

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

AI Hysteria Ignores Africa’s Harsh Reality: Lack of Internet Access Remains the True Threat

November 18, 2024 Bitcoin.com

Africa

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 debating theoretical risks. AI Threat Debate Misses the Mark The debate surrounding artificial intelligence (AI) and its potential societal impact dominates headlines. However, […]

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators

November 16, 2024 Bitcoin.com

Africa

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 for Ponzi Operators Some members of Nigeria’s digital asset industry have hailed a draft bill proposing hefty fines and jail […]

Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

African Payment System Gets Banker’s Endorsement, but Viability Questions Linger

November 8, 2024 Bitcoin.com

Africa

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 (PAPSS) could potentially bring $50 billion of informal trade into the formal economy, Tunde Macaulay, head of Africa and offshore regions […]

Africa

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