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Nigerian Bank Reportedly Freezes Accounts Belonging to 500 USDT Traders
24.10.2023
A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and June this year. A prominent Nigerian crypto enthusiast...
Egypt Becomes First MENA Country to Issue Chinese Yuan-Denominated Bonds
24.10.2023
Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar...
Report: Africa-Focused Crypto Trading App Shut Down — Co-Founder Says Only Nigerian Users Affected
22.10.2023
The Africa-focused crypto trading app Vibra has reportedly stopped working in Ghana, Kenya, and Nigeria. Reports that the app is not working in the three countries contradict the co-founder’s claim that only users from Nigeria are affected. Resign or Get Fired An Africa-focused crypto trading...
Report: Namibian Police Arrest 20 Ringleaders of Local Pig Butchering Crypto Scam
18.10.2023
Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the scammers were promised a monthly salary of $160....
Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange
18.10.2023
The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s...
Today in Crypto: Jack Dorsey's Block Acquires Music-Centric Startup Hifi, VALR Exchange Partners With Visa, DFINITY Developing Blockchain-based Recycling-focused Tech
16.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Jack Dorsey's Block Acquires Music-Centric Startup Hifi, VALR Exchange Partners With Visa, DFINITY...
Bitcoin Events Announces Crypto Fest 2023: Connecting Crypto and Blockchain Enthusiasts
16.10.2023
PRESS RELEASE. On the 24th of November, attendees from around the world will gather at the luxurious Cabo Beach Club in Cape Town, South Africa, for the highly anticipated Crypto Fest 2023. Crypto Fest has earned its reputation as being one of the most prominent events in the blockchain...
Nigerian Central Bank Lifts Forex Restrictions on 43 Items — Market Forces to Determine Exchange Rate
15.10.2023
The Nigerian central bank said on Oct. 12 that it had lifted foreign exchange restrictions imposed on the importation of 43 items. The central bank said the restrictions initially imposed in 2015 may have contributed to the weakening of the naira on the parallel foreign exchange market. Unifying...
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam
13.10.2023
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.)...
Bank of Ghana Launches Hackathon to Explore Various Use Cases of CBDC
12.10.2023
The Ghanaian central bank said it will be hosting a 12-week hackathon where participants are expected to explore the e-cedi’s nine different use cases. At the end of the hackathon, the central bank will hold a conference where individuals with outstanding solutions are recognized. Addressing...
Nigerian Central Bank Refutes Media Reports Suggesting Its CBDC Poses a Threat to Financial Stability
11.10.2023
The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure that misunderstandings are not fostered.” Book...
Today in Crypto: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold is Now a Payment Method
10.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold...
Gold-Backed Digital Tokens Now an Approved Payment Method Says Zimbabwean Central Bank
9.10.2023
Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of external auditors to “validate the availability...
South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
5.10.2023
Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing...
Crypto Exchange Bybit Launches Derivatives Products in South Africa
4.10.2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local...
Worldcoin Kenya Controversy: Cabinet Secretary Blasted for Inconsistent Statements About Project’s License Status
3.10.2023
A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the African country has reportedly censured a government official over his inconsistent statements about Worldcoin’s license status. The committee also said it found that Worldcoin’s...
Report: Victims of South African BTC Scam Set to Receive Portion of Invested Funds
3.10.2023
Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected investors while the process itself is expected...
Parliamentary committee calls for shutdown of Worldcoin in Kenya
2.10.2023
The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers
Report: Hacked Nigerian Crypto Exchange Raises Capital for User Reimbursements
1.10.2023
The recently hacked Nigerian gift card and crypto exchange platform Patricia said on Sept. 29 that it had raised money to refund users. Some users have reportedly grown impatient with the crypto exchange and are weighing their legal options. Unilateral Conversion of Users’ Funds The Nigeria...
Hashgraph Association in Blockchain Adoption Drive Partnership With Tunisia-Based Dar Blockchain
30.9.2023
The Hashgraph Association and Dar Blockchain recently said they will be working “to nurture projects, facilitate growth, and profoundly shape the Middle East and North Africa (MENA) technology landscape.” The two entities said they hope to achieve the set objectives via meetups...