Places Africa

Stripe fires over 1,100 of its employees due to financial troubles, Andre Cronje's tweet spikes Fantom by 24% in a day, and much more in this edition of CryptoSlate Wrapped Daily.

Uptake of the eNaira Central Bank Digital Currency has been woefully low, leading to congratulations from dissenters.

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.

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.

Sub-saharan Africa has the lowest crypto transfer volume but it has the highest number of small retail payments and use of P2P exchanges.

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.

Over 270,000 users actively used the Nigeria's eNaira CBDC since its launch and have completed transactions worth $10 million.

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.

Crypto winter has left Nuri insolvent, while CoinFlex is looking to restructure to deal with its unpaid debt.

The fundraising boom being witnessed by Africa's crypto sector is showing no signs of slowing down anytime soon

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.

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.

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.

The Commodity Futures Trading Commission filed fraud charges against Mirror Trading International for allegedly defrauding users of $1.7 billion worth of Bitcoin.

When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.

The president of Central African Republic hints at his continued support for bitcoin in a tweet despite the negative state of the crypto market.

The president has directed the parliament to prepare a strategy that will create investment opportunities in the country.

Several companies have approached KenGen, asking to set up their mining farms in its main geothermal power station in Olkaria, Naivasha.