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South African Payment Gateway Drops BTC Over Fees and Network Congestion
13.7.2019
On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.”...
Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire
11.7.2019
Before shutting down, Bitcoin Wallets' "manager" promised 100-percent returns on investors' money in just two weeks. Then they burned down his house
Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed
11.7.2019
Wala went from serving customers in Uganda to shuttering its payments app. Here's what sources say happened
Crypto Ponzi Scheme Says It Has ‘No Cash to Pay out’ to Upset Investors
8.7.2019
Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back
Is Bitcoin Really Selling for $76,000 in Zimbabwe?
2.7.2019
Zimbabwean and South African crypto traders are facing soaring premiums on their bitcoin
Dubai Chamber of Commerce Signs MoU on Blockchain Trade Solutions
1.7.2019
Dubai Chamber of Commerce promotes blockchain trade solutions by Perlin and the ICC, the world’s largest business trade organization
Central Bank of Uganda Warns Decentralized Cryptocurrencies Are Risky
28.6.2019
The deputy governor of the Bank of Uganda has warned the public about the limited protections offered them when they invest in unregulated cryptocurrencies
Sygnia Cuts Try with Consulting Giant Deloitte Over Reputational Issues
26.6.2019
The biggest consultancy firms in the world are now going through a lot of turmoil for having been mixed up in unsavory episodes over the past few years, and that is no different when it comes to their operations in South Africa. One of the biggest scandals to have hit South Africa in recent years...
President of Uganda to Lead Blockchain Conference in Kampala in July
25.6.2019
President Yoweri Museveni of Uganda will be leading a conference in June on blockchain technologies and the “fourth industrial revolution”
Riddell Travel Will Help You Arrange Your African Tour With BCH
21.6.2019
Traveling is getting easier with the wider spread of cryptocurrencies. They can often prove more convenient than fiat money in cross-border payments, transfers and transactions. If you plan to visit the African continent, you can now use the services of a travel agency called Riddell Travel...
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment
12.6.2019
Pan-African insurance firm Old Mutual will not provide coverage for crypto mining equipment due to the unregulated nature of the industry
Pan-African Insurer Old Mutual Will Not Insure Mining Rigs
11.6.2019
South African insurance company Old Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there
Overstock Subsidiary to Help Liberia Digitize Services, Boost Economy with Blockchain
10.6.2019
Overstock subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia to help the African nation digitize government services
Binance Charity Foundation Signs Memorandum of Understanding With Ugandan NGO
31.5.2019
Binance has launched a charity program with an NGO in Uganda that will provide supplies and infrastructure to schools in Kampala
Rwanda’s Central Bank Issues PSA on Alleged Cryptocurrency Get-Rich-Quick Scams
30.5.2019
Rwanda’s central bank has issued a warning about alleged ICO scams and crypto pyramid schemes targeting the country’s residence
The Growing Demand For Chocolates-Producers In A Fix To Meet The Market Needs
28.5.2019
The largest producers of the cocoa bean, Malaysia and Indonesia are forced to import more from South America and Africa to meet the growing demand for chocolates in the Asian countries. Peter Jasman, the chairman of Indonesia’s Cocoa Industry Association, mentions that top producers, like...
Africa: Central Bank of Malawi Says Crypto Is Not Legal Tender, Warns of Trading Risks
27.5.2019
The Reserve Bank of Malawi said that crypto is not legal tender in the country, while the bank is against crypto-related activities
Despite $100K Pledged to Charity, Adam Back Remains Silent Over Proposed Debate
9.5.2019
There’s over $100,000 on the line that could be given to charity for about an hour of Adam Back’s time. If he chooses to debate Bitcoin Unlimited’s Peter Rizun over why he thinks it’s a bad idea to scale with larger blocks, Paxful’s Ray Youssef‏ has pledged $100K...