Africa Crypto News
Nigeria set to recognize crypto as an investment class
The investments and securities amendment bill which passed the second hearing will allow the Nigerian Securities and Exchange Commission (SEC) to recognize cryptocurrency as capital for investment.
CZ discusses FUD, rumors, and more in latest Twitter Space
Binance CEO, CZ answers questions in latest Twitter space, denies rumors, and advises against withdrawing funds from exchanges.
Rural Kenya harnesses stranded potential energy to mine BTC using hydropower
Over 500 families in the area are also receiving uninterrupted off-grid power.
NFT industry in Africa and Middle-East poised for rapid growth
NFT technology adoption and blockchain gaming reported to be on the rise in African and Middle-East markets with significant growth expected up to 2028.
CryptoSlate Wrapped Daily: Eyes turn to Grayscale Bitcoin Trust after FTX collapse; Cardano to launch fiat-backed stablecoin in 2023
Non-custodial wallet SafePal spikes by 125%, CertiK sheds light on KYC actors, and much more in this edition of CryptoSlate Wrapped Daily.
Bitcoin owes its success in Nigeria to the unstoppable youth, says Paxful CEO
Paxful CEO Ray Youssef shares his views on helping those who need it by fixing the broken money system.
eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary
Uptake of the eNaira Central Bank Digital Currency has been woefully low, leading to congratulations from dissenters.
South Africa deems cryptocurrency a ‘financial product’
South Africa's financial regulator, The Financial Sector Conduct Authority (FSCA) defined crypto assets as a 'financial product' subject to the same regulatory oversight as company shares, debt and any money-making instrument.
CryptoSlate Wrapped Daily: Warner Music partners with OpenSea, Druckenmiller sees ‘big role’ for cryptocurrency as central bank trust evaporates
Crypto influencer Lark Davis allegedly made over $1M from dumping crypto projects, Ethernity up 174% ahead of Ethernal Labs HQ unveil, and much more in this edition of CryptoSlate Wrapped Daily.
Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis
Sub-saharan Africa has the lowest crypto transfer volume but it has the highest number of small retail payments and use of P2P exchanges.
Old Mutual Wealth appointed to manage cash reserves of rand-backed stablecoin ZARP
ZARP, the only bank-approved stablecoin in South Africa, is enlisting Old Mutual's help to enhance its project's trust and attest to its token's credibility.
Nigeria’s CBDC eNaira records $10M in transaction since October
Over 270,000 users actively used the Nigeria's eNaira CBDC since its launch and have completed transactions worth $10 million.
UN Agency wants comprehensive crypto regulation in developing countries
The United Nations Conference on Trade and Development (UNCTD) presented policy issues and recommendations to check the fast pace of crypto adoption in developing countries.
Germany-based Nuri files for insolvency, CoinFlex kicks off restructuring process
Crypto winter has left Nuri insolvent, while CoinFlex is looking to restructure to deal with its unpaid debt.
African blockchain investments surpass 2021’s total of $127M
The fundraising boom being witnessed by Africa's crypto sector is showing no signs of slowing down anytime soon
Naira now has a third “crypto exchange rate” as Nigerians rely heavily on crypto
Nigeria's dual exchange rate system becomes triple with the emergence of the crypto exchange rate of Naira, as Nigerians turn to crypto due to low confidence in Naira.
Central African Republic’s Sango Coin sales go live, records only $1.09 million in 24 hours
Sango Coin recorded an inflow of $1.09 million within 24 hours of its initial offering, as the project criticism and declining market conditions continue.