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Kenya Appears to Have Flip-Flopped on Worldcoin's Data Practices
3.8.2023
Kenya's data watchdog found Worldcoin is compliant with its data protection laws, but has now find different problems with Sam Altman's project
Kenyan Government Says It Has ‘Suspended’ Worldcoin Activities
3.8.2023
The Kenyan interior ministry said on Aug.2 that Worldcoin’s activities in the country have been “suspended” in order to give government agencies an opportunity to assess the cryptocurrency project’s potential risks to public safety. The country’s interior minister...
Today in Crypto: Binance Denies Reports of Its Activities in China, Coinbase is Looking Into Adding Bitcoin Lightning Network, OKX Launches Account Abstraction Feature, Hyundai & Kia Partner With Hedera
2.8.2023
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: Binance Denies Reports of Its Activities in China, Coinbase is Looking Into Adding Bitcoin Lightning...
Worldcoin deactivated in Kenya
2.8.2023
Worldcoin, which is an identity-based crypto project and the brainchild of Sam Altman, has been asked to halt its activities in Kenya. The drawback for the entity is the fact that it has been successful in registering hordes of customers. However, the government of Kenya is suspicious of the fact...
Kenya Suspends WorldCoin Operations, Launches Investigation For Collecting Public Data
2.8.2023
The Ministry of Interior of Kenya has suspended the operations of Sam Altman’s WorldCoin and launched an investigation into the company for collecting public data.
Kenya’s Ministry of Interior and National Administration issued a statement earlier today saying that the government is concerned...
Worldcoin cryptocurrency project suspended in Kenya
2.8.2023
Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data
Kenyan Government Suspends Worldcoin Activity on Financial Security, Privacy Concerns
2.8.2023
Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations
Bavaria’s Data Protection Office Launches Probe Into Worldcoin’s Iris-Scanning Data Practices
1.8.2023
Bavaria’s State Office for Data Protection Supervision (DPS) has initiated an inquiry into the Worldcoin project and its data collection techniques, as disclosed in a Reuters report on Monday. This comes shortly after similar investigations by Kenya’s Office of the Data Protection...
Blockchain technology lets East African farmers sell globally
28.7.2023
Blockchains’ tracing capacities can help certify that crops weren’t grown by razing woodlands or harvested with child labor
Namibia signs crypto exchange regulation bill into law
26.7.2023
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance
Africa’s Crypto Market Grew by 1,200% Between 2020 and 2021 — Study
1.7.2023
Between the years 2020 and 2021, Africa’s cryptocurrency market grew by more than 1,200% while Kenya, Nigeria, South Africa, and Tanzania now all feature in the global top 20 for crypto adoption, according to the latest Emurgo State of Web 3.0 in Africa report. Africa’s Share of Global...
Study: Crypto Adoption More Significant in Poorer African Countries
23.6.2023
While as much as 66% of surveyed African residents claimed to have been exposed to digital assets like bitcoin, about 82% of respondents said they have never owned crypto. The findings of the survey study suggest that the adoption of crypto is more significant in poorer African countries than...
Kenyan President Ruto Doubles Down on De-Dollarization Call — ‘We Just Want to Trade Much More Freely’
17.6.2023
Kenyan President William Ruto has repeated his call on African countries to consider ditching the U.S. dollar when settling cross-border trades. The Kenyan leader claimed that the African continent already has a mechanism that enables the seamless settling of transactions between traders. Further...
Kenyan Central Bank: CBDC Not a Priority ‘in the Short to Medium Term’
6.6.2023
The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment...
Kenyan Central Bank Governor Says Stance on Crypto Not Driven by Personal Views
4.6.2023
Patrick Njoroge, the outgoing governor of the Kenyan central bank, recently said the bank’s policy on crypto assets is not driven by personal views but is founded on the “wealth of information that is in the central bank.” Njoroge said the Central Bank of Kenya will continue...
CBDC 'may not be a compelling priority,' says Kenya's central bank
2.6.2023
The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022
Kenya Central Bank Takes Ambivalent Stance on Digital Currency
2.6.2023
The allure of the CBDC is fading and issuing one "may not be a compelling priority," the bank said
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
1.6.2023
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...
African Fintech M-Kopa Secures $200M in Debt Financing Plus $55M in Equity Funding
24.5.2023
Kenya-headquartered African fintech M-Kopa is reported to have secured $200 million in debt financing and an additional $55 million in equity funding. Financial services group Standard Bank Group led the debt financing round while the investment company Sumitomo Corporation led the equity round...
Venom Foundation ventures into Kenya via a Government partnership
11.5.2023
Venom Foundation has announced that it has partnered with the government of Kenya, enabling the firm to venture its blockchain technology in the nation. The partnership is touted to help not just Kenya but other African nations as well. Specifically speaking, Venom Foundation will now establish...