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BitValue and RACA partner to revamp Africa’s Web3 landscape
29.9.2023
As a landmark decision, BitValue Capital has gone ahead and formed an exclusive collaboration with RACA. This will assist both companies in transforming the digital landscape on the African continent. Using Web3 technology, their aspiration will become a reality. The collaboration will involve...
Tanzanian Central Bank Launches Foreign Exchange Reserves Boosting Gold Buying Scheme
27.9.2023
The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative that seeks to boost the country’s foreign exchange reserves by buying gold with local currency. The bank said its objective is to acquire six tonnes of gold from miners and traders in 2023 alone. The Tanzanian Gold...
Central Bank Digital Currency a Threat to Financial Stability — Nigerian Central Bank Study
27.9.2023
Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the CBDC would “widen the size and stability...
Study: Sub-Saharan Africa’s Bitcoin Transaction Volume Number One Globally, Data Indicates Shift Towards Stablecoins
23.9.2023
Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa’s...
Hashing It Out: What happens when crypto meets fintech in Africa?
21.9.2023
Guests on Hashing It Out episode 31 believe that traditional finance has hurt innovation in the African fintech space, and cryptocurrency can breathe some life into the space
Opera Launches Blockchain-Based Wallet Enabling Rapid P2P Stablecoin Transfers for African Users
21.9.2023
The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is expected to expose users to decentralized apps (dapps)...
The 3rd annual Banking Transformation Africa 2023 Summit
20.9.2023
Technological innovation triggers structural change in all areas of the global economy, and banking is no exception. Digital transformation is not just an option for banks but a necessity to remain competitive and meet customers’ evolving demands. Transforming the operations of banks to serve...
Kenyan Minister: US Government Recently Foiled Attempt to Detain Worldcoin Representatives
20.9.2023
Kenyan law enforcement recently detained two Worldcoin executives as they attempted to depart the country. According to the Kenyan Interior Minister, the duo were eventually let go after the U.S. government’s intervention. U.S. Government Reportedly Intervenes in Worldcoin-Related Detainment...
FINEXPO hosts the first South Africa Traders Fair & Awards 2023 after 3 years of pandemic
18.9.2023
The South Africa Traders Fair Event 2023, held on September 16, 2023, at the prestigious Protea Hotel Johannesburg Wanderers, has concluded as a resounding success, a testament to the collaborative efforts of our distinguished speakers, committed sponsors, and enthusiastic participation. A defining...
Debunking Crypto Myths: An Analysis of Kenyan Interior Minister’s Crypto Activity and Terror Funding Argument
17.9.2023
Despite Kenyan Interior Minister Kithure Kindiki’s recent attempt to revive the old crypto terrorism funding narrative, evidence suggests that criminal elements primarily use conventional financial systems when transferring funds. Contrary to Kindiki’s claims, crypto transactions...
Worldcoin’s Tools for Humanity Claims to Have Invested Nearly $4.8 Million in Kenya
16.9.2023
Nearly $4.8 million has been used to fund cryptocurrency and blockchain education efforts in Kenya, the CEO of Tools for Humanity, Alex Blania, recently revealed. Blania also denied allegations that Worldcoin plans to sell users’ biometric data obtained via its eyeball-scanning orbs. More Funding...
Shaping tomorrow’s finance today with South Africa Traders Fair & Awards 2023
14.9.2023
Johannesburg, South Africa – The South Africa Traders Fair & Awards 2023 is primed to claim its position as this year’s premier event in the financial sector. Set to take place on September 16, 2023, at the prestigious Protea Hotel Johannesburg Wanderers. This event boasts an influential...
Yellow Card’s Partnership With Moonpay Set to Enhance Nigerian Users’ Crypto Trading Experience
14.9.2023
Yellow Card, the Africa-focused crypto exchange, recently said it had joined forces with Moonpay in an arrangement which is expected to help “enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.” According to Uzoma James, Yellow Card’s West...
MobileCoin Appoints New CEO for Global Expansion of Crypto Payments
14.9.2023
MobileCoin, a privacy-focused payments network and the builder of Signal's crypto payments feature, has moved its chief technology officer, Sara Drakeley, into the chief executive officer position.
According to the press release, Drakeley's appointment emphasizes the company's plans to "amplify...
Today in Crypto: BNB Chain Developers Reveal Public Launch of opBNB's Mainnet, Nansen Launches New AI-Powered Version, Ripple Will do 80% of Hiring This Year Outside the US
13.9.2023
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: BNB Chain Developers Reveal Public Launch of opBNB's Mainnet, Nansen Launches New AI-Powered Version...
Opera browser debuts stablecoin wallet MiniPay in Africa
13.9.2023
Opera’s new in-browser, non-custodial wallet runs on the Celo blockchain and targets the platform’s user base in Africa for P2P stablecoin transactions
Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding
11.9.2023
The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse...
Bitcoin Price Prediction: IMF Alert, Ark's Views, Jay-Z & Dorsey in Africa, FTX Drama
8.9.2023
The dynamic world of Bitcoin has been in the spotlight once again, experiencing both tumult and triumph. As of Friday, Bitcoin's price ascends to $26,289, marking a 1.5% hike.
However, it's not just the price that's making headlines. A recent study from the International Monetary Fund warns...
Africa's blockchain journey begins with poverty alleviation - CEO Sumotrust
8.9.2023
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation
Ugandan Fintech Asaak Acquires Mexican Asset Financing Startup Flexclub
8.9.2023
The Ugandan mobility fintech Asaak recently spread its tentacles to Latin America after it bought the Mexican asset financing business Flexclub. The fintech’s CEO suggested that his company’s successful and profitable microfinance business partly influenced the decision to acquire the Mexican...