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The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally. BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase in Bitcoin activities carried out by retail investors […]
A little over a year ago, Senegalese-born songwriter Akon proposed to build a new city worth around $6 billion that would be the “beacon of innovation and human development” in Senegal.
According to the recent Global Crypto Adoption Index 2021 report by Chainalysis, Kenya leads the world when it comes to crypto transactions in terms of peer-to-peer (P2P) trading.
In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global adoption majorly driven by peer-to-peer platforms.
Charles Hoskinson, the founder of the Cardano (ADA) protocol and Input Output Hong Kong (IOHK) CEO revealed the company’s progress in Ethiopia, where one of the world’s biggest blockchain projects keeps unraveling.
Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions.
Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the country traded around $38 million worth of digital assets —the second time the country has recorded volume above $35 million.
Data from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December.
The IOTA Foundation, the non-profit foundation driving open-source distributed ledger technology for a new digital economy, today announced the initial success of its ongoing collaboration with Trademark East Africa (TMEA).
Two South African brothers made away with nearly 69,000 Bitcoin earlier this year, apparently running with reserves of ‘Africrypt,’ their own exchange platform, and bagging one of the biggest crypto heists in dollar terms ever.
The end of April saw Cardano developers Input-Output Global (IOG) announce significant partnership deals with the governments of Ethiopia and Tanzania.
Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times.
In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, as per local outlet The Citizen.
A project called 1729, which offers users Bitcoin rewards for completing various tasks and tutorials, has announced a new contest for artists who are interested in portraying a bright, highly technological future of Africa.
Cardano (ADA) posted a new all-time high today of $1.68.
The East African country of Tanzania will partner with Cardano’s parent company IOG to facilitate mobile internet connectivity, digital identity, and financial empowerment to rural communities in the country.
Global blockchain research and Cardano development company IOHK has announced a partnership with the Ethiopian Government, as per a release shared with CryptoSlate.
Cardano’s strategy in Africa could face a setback following the intensification of civil war in Ethiopia.