Africa

Nigeria Introduces System to Boost Forex Market Transparency

October 6, 2024 Bitcoin.com

Africa

The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS. Enhancing Transparency in the Foreign Exchange Market The Central Bank of Nigeria (CBN) […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

October 4, 2024 Bitcoin.com

Africa

Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments. Stablecoins as a Store of […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

All-Women AI PhD Program Launches in Africa

October 4, 2024 Bitcoin.com

Africa

A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Ghana Launches Gold Coin Priced in Local Currency

September 30, 2024 Bitcoin.com

Africa

Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against the U.S. dollar. Gold Coins Priced in Local Currency Ghana has launched […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Uganda’s Mitroplus Labs Unveils Afro, a Pan-African Meme Token

September 25, 2024 Bitcoin.com

Africa

Mitroplus Labs Africa, a Ugandan blockchain education institution, launches “Afro” meme token on Tron’s Sunpump network. Afro, represented by an African girl, is intended to promote African identity in blockchain education. Founder Ivaibi Festo says Afro’s success will demonstrate Mitroplus Labs’ ability to develop utility tokens. The token will be integrated with educational seminars and […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Former Monero Developer Launches New Crypto Mining App

September 21, 2024 Bitcoin.com

Africa

Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged crimes occurring over a decade ago, South African authorities only took action […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Bitget Reports 1,600% Surge in African Users

September 20, 2024 Bitcoin.com

Africa

Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing popular platforms like Tiktok and Whatsapp. Copy […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Mastercard, Safaricom Partner on Cross-Border Payments

September 20, 2024 Bitcoin.com

Africa

Mastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions for Kenyan businesses and their customers. Streamlining Cross-Border Transactions The multinational payment card services corporation, […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Binance Seeks Release of Jailed Employee Before Pursuing Nigerian License

September 19, 2024 Bitcoin.com

Africa

Binance has made the release of Tigran Gambaryan a condition for seeking registration in Nigeria. The exchange is reluctant to register due to outstanding issues with the government. It reportedly believes the SEC’s hastily formulated framework is not supported by law. Despite this, Binance reportedly remains popular among Nigerian users. Binance Conditions License Application on […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch

Nigerian Blockchain Group Ousts President, Who Remains Defiant

September 14, 2024 Bitcoin.com

Africa

The Stakeholders in Blockchain Association of Nigeria (SIBAN) expelled its president, Obinna Iwuno, for allegedly registering an illegal body and misusing his position. Iwuno denied these allegations and accused the SIBAN board of trustees of acting unlawfully. Despite the expulsion, Iwuno claimed to remain SIBAN’s president. The SIBAN board warned others to avoid dealing with […]

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Final Countdown for Crypto All-Stars as $5M+ Presale Enters Last Month Before Exchange Launch