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Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament
22.1.2022
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana...
Crypto-loving anti-vax group seeks like-minded talent to live in African 'paradise'
21.1.2022
It's unclear what role crypto may play in the community, given Tanzania's central bank banned digital assets in November 2019
a16z, Google lead $20M investment in Africa Web3 game publisher Carry1st
19.1.2022
According to Alphabet CEO Sundar Pichai, Africa will be home to 300 million new internet users in the next five years
Invictus NFT Lab Blazes Trail for a New Fine Art Paradigm
19.1.2022
In our view, blockchain technology and non-fungible tokens (NFTs) present a perfect tool to revolutionize the traditional Fine Art industry, to the benefit of both artists and collectors. With this in mind, the Invictus NFT Lab’s inaugural Out of Africa collection aims to blaze the trail...
Heavyweight Champ Francis Ngannou Plans to ‘Take Half of His UFC 270 Purse Paid in Bitcoin’
18.1.2022
The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people...
Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin
16.1.2022
The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated in the survey. South African Ownership Rate Below...
MTI Mastermind Arrest: Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa
16.1.2022
With Johann Steynberg now in custody in Brazil, a lawyer has suggested that South Africa may have to resort to an existing legal assistance agreement with Brazil if it wishes to have the CEO extradited. However, the success of any such extradition will depend on the next steps taken by authorities...
Report: Morocco Now North Africa’s Leading P2P Crypto Trading Nation
12.1.2022
In the year 2021, Morocco, which previously announced measures restricting crypto trading, became North Africa’s leading crypto-trading nation after its peer-to-peer (P2P) trade volumes surged to $6 million. Morocco in Africa’s Top Four In 2021, Morocco’s peer-to-peer crypto...
Report: Fintech Firms Received 62% of the $4.9 Billion Raised by African Tech Companies in 2021
11.1.2022
Fintechs account for nearly two-thirds of the $4.9 billion that was raised by African technology firms during the past year. Fintech groups also dominate in terms of funding that exceeds $50 million, with a 40% share of the total number of tech firms. The Covid-19 Factor Out of the $4.9 billion...
Morocco is number one for Bitcoin trading in North Africa
11.1.2022
The Kingdom of Morocco is the leader for Bitcoin trading across North Africa in 2021— despite its illegal status
Binance Becomes Official Sponsor of the TotalEnergies Africa Cup of Nations (AFCON 2021)
11.1.2022
Binance is thrilled to announce that it is an official sponsor of the 2021 TotalEnergies Africa Cup of Nations (AFCON) tournament, taking place from January 9 till February 6, 2022 in Cameroon. What To Expect This sponsorship deal will make Binance the exclusive cryptocurrency and blockchain...
Binance sponsors AFCON to further develop crypto adoption in Africa
10.1.2022
Binance partners with the Confederation of African Football to sponsor the TotalEnergies African Cup of Nations tournaments
Report: Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022
10.1.2022
In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predicted that Kenya will scale up the adoption of cryptocurrencies. To support this assertion, Reitz points to Kenya’s as position as the leader in the world’s peer-to-peer...
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
9.1.2022
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection...
Samsung uses blockchain technology to address climate change
3.1.2022
The Galaxy phone maker will lead a tree-planting initiative in Madagascar and track it using distributed ledger technology
An African Perspective on Why the World Needs Cryptocurrencies
29.12.2021
Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded....
Creator of App for Remittances to Africa and Asia Raises $65 Million in Series B Round
26.12.2021
Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind...
Crypto Complaints Have Increased Significantly Says South Africa Financial Sector Ombud
21.12.2021
Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during the 2020/21 financial year. Cryptocurrency Not yet Regulated An advocate...
Invictus Capital Announces NFT Collection to Give African Artists Global Exposure
19.12.2021
Invictus Capital has unveiled its first non-fungible token collection, called “Out of Africa,” through the Invictus NFT Lab. Through this collection, Invictus Capital will showcase fine art via blockchain technology as well as connect artists from Africa with the rest of the world....
African Startup Raises $6 Million From Pre-Series A Funding Round
18.12.2021
Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet. Driving Adoption of Cryptocurrencies An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from...