Africa

More Than 250 Zambian Students Attend Hackathon; Over 100 Earn Smart Contract Development Certification

April 17, 2024 Bitcoin.com

Africa

More than 250 Zambian university students recently participated in an online boot camp and hackathon which saw over 100 earning certification in smart contract development. The students who complete their minimum viable products (MVPs) can apply for grants ranging from $1,000 to $25,000. Students Trained in Decentralized Application Development More than 250 students from St. […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Experts: Nigeria’s Binance Crackdown Shakes Investor Confidence

April 16, 2024 Bitcoin.com

Africa

The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance raises questions about the fundamental rule of law necessary for any society […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Binance Executive Located in Kenya After Escaping Nigerian Custody

April 16, 2024 Bitcoin.com

Africa

Nadeem Anjarwalla, the executive from Binance who escaped custody in Nigeria, has reportedly been found in Kenya. Law enforcement agencies in Nigeria, spearheaded by the Economic and Financial Crimes Commission (EFCC), are in talks with their Kenyan counterparts about Anjarwalla’s extradition. Nigerian Authorities Want Nadeem Anjarwalla Extradited According to a report, Nadeem Anjarwalla, a Binance […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in April

April 14, 2024 Bitcoin.com

Africa

After months of sustained decline, the Nigerian currency has rallied since March and is currently ranked as the best-performing fiat currency in April. Andrew Matheny, an economist at Goldman Sachs, said the naira’s momentum can only be maintained if policymakers do not deviate from their current course. Maintaining the Momentum of the Naira According to […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans

April 10, 2024 Bitcoin.com

Africa

The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive. Halting the Slide of the Naira Hamstrung by ongoing shortages of U.S. dollars, […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Ghanaian Fintech Startup Zeepay Secures $3 Million Equity Investment

April 9, 2024 Bitcoin.com

Africa

The Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a $3 million […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Detained Binance Executive Pleads Not Guilty; Nigerian Judge Sends Him to Prison

April 8, 2024 Bitcoin.com

Africa

The Binance executive detained by Nigerian authorities for nearly six weeks has pleaded not guilty to charges of money laundering. Binance expressed deep disappointment that Tigran Gambaryan, who holds no decision-making power within the company, remains in detention. Judge Dismisses Tigran Gambaryan’s Arguments Tigran Gambaryan, a detained executive from Binance, pleaded not guilty to money […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Zimbabwe’s Central Bank Launches Gold-and Forex-Backed ‘Structured Currency’

April 6, 2024 Bitcoin.com

Africa

The Reserve Bank of Zimbabwe has introduced a foreign exchange and gold-backed “structured currency” to replace the struggling local currency. The structured currency banknotes will be “fully convertible into the reserve currency on demand.” The central bank has also reduced the annual interest rate from 130% to 20%. Structured Currency Supported by Solid Fundamentals The […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19

April 5, 2024 Bitcoin.com

Africa

A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held in the custody of the Economic and Financial Crimes Commission. Tigran Gambaryan Accused of […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Binance: Detained Executive Lacks Decision-Making Authority, Must Be Released

April 4, 2024 Bitcoin.com

Africa

Tigran Gambaryan, the Binance employee detained by Nigerian authorities, is a stringent law enforcement professional with no decision-making authority, according to the crypto exchange. Through his Financial Crime Compliance (FCC) team, Gambaryan has responded to more than 600 information requests from Nigerian authorities. Gambaryan Hired to Assist Binance with Past Compliance Issues Tigran Gambaryan, an […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum