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Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
29.11.2020
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...
Retail Crypto Trading Soars In Africa and Asia + More News
25.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
Marcus Swanepoel, Founder of UK-headquartered crypto exchange Luno, recently acquired by the Digital Currency Group, said that...
Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
21.11.2020
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...
Can blockchain make a difference? Africa sees vast monetary potential
15.11.2020
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems
Etherisc to offer blockchain-based crop insurance to Kenyan farmers
14.11.2020
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change
Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City
14.11.2020
The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as a pilot for Akon City, the $6 billion futuristic city that is being built in Senegal. Akoin Crypto...
African Startups Should Tokenize to Break Biased Funding Cycles
11.11.2020
Startup capital in Africa still favors foreign founders at the expense of homegrown projects. A proposal to break the cycle
Akoin rolls out to Kenyan tech city in first step towards Akon City
11.11.2020
The launch coincides with an AKN token listing on Bittrex cryptocurrency exchange
Weather-tracking blockchain in West Africa, but transparency on a raincheck
10.11.2020
A blockchain-based project aims to collect weather data generated in West Africa. Will the region be open to data sharing?
West African Program Will Store Weather Data on Telos Blockchain
10.11.2020
Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain. -
Nigeria hopes blockchain will generate $10B revenue by 2030
6.11.2020
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general
Coinbase in Japan, Binance In Africa, Bybit On Football Field + More News
5.11.2020
A Borussia Dortmund player. Source: a screenshot, Instagram/bvb09
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Coinbase said it is hiring more staff in Japan, in another hint...
Binance launches African affiliate program after Uganda subsidiary closes
5.11.2020
The world’s largest crypto exchange announced two subsidiary suspensions within one month
Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in Nigeria
2.11.2020
With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions
Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
30.10.2020
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using...
MoAfrika – Africa’s Biggest Online Tour Operator now Accepts Bitcoin
30.10.2020
PRESS RELEASE. With relaxed restrictions on lockdown measures in numerous countries around the world, Africa has opened her doors to tourists on both national and international levels yet again – albeit with strict health regulations to ensure the safety of all personnel and visitors....
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
28.10.2020
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion...
Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week
23.10.2020
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards