Africa Crypto News
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.
Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue
Nigeria's low-cost digital currency e-Naira is having gaining traction as banks are reluctant to promote it due to concerns that it will impact their revenue.
CFTC charges Mirror Trading International with alleged fraud of $1.7 billion worth of Bitcoin
The Commodity Futures Trading Commission filed fraud charges against Mirror Trading International for allegedly defrauding users of $1.7 billion worth of Bitcoin.
CAR’s President announces crypto-hub “Sango” launch date
When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.
CAR’s president remains unfazed by the crypto market downturn
The president of Central African Republic hints at his continued support for bitcoin in a tweet despite the negative state of the crypto market.
Central African Republic to tokenize natural resources
The president has directed the parliament to prepare a strategy that will create investment opportunities in the country.
Kenya invites Bitcoin mining firms to tap surplus geothermal power
Several companies have approached KenGen, asking to set up their mining farms in its main geothermal power station in Olkaria, Naivasha.
Why the Central African Republic intends to press ahead with Bitcoin
Critics say Bitcoin as legal tender in the Central African Republic will only benefit the elite, but President Faustin-Archange Touadéra explains why it's the only option left for his impoverished nation.
Algorand funds FlexID to offer Africa’s unbanked self-sovereign IDs
This funding deal is under Algorand’s impact category, which picked out FlexID as a catalyst for global financial inclusion.
Nigeria and Developing Africa Group ink deal to launch a crypto project on Algorand
The project seeks to enable the international commercialization of all IP forms created and registered within Nigeria.
Central African Republic wants to launch Africa’s first legal Bitcoin investment platform
President Faustin-Archange Touadera has said that the traditional formal economy does give his country a chance to be competitive.