Exchanges
Bitget to launch crypto lending service
Users will be able to stake certain coins and receive a corresponding asset in return.
Mike Dalton 3 min read
Africa News
Latest updates on crypto innovation, adoption, and regulation across Africa’s growing digital asset ecosystem.
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Analysis
Stellar spikes 12% to hit 70-day high, outperforming top 100 coins
Stellar's strong price performance sees it lead the top 100 coins.
Exchanges
Binance CEO issues cease and desist to unaffiliated Binance Nigeria Limited
The Nigerian SEC had declared Binance Nigeria Limited's operation in the country as illegal.
Latest Africa Crypto News & Analysis
Analysis
Nigeria CBDC experiment stumbles amid public resistance: Report
Nigeria's eNaira experiment, in which forceful measures to replace physical currency with a CBDC led to nationwide protests and public distrust, offers crucial lessons for future CBDC implementations.
Regulation
Nigerian government formally approves blockchain use
Many Nigerians have questioned if the new blockchain policy legalizes cryptocurrency usage in the African country.
Regulation
Kenya introduces 1.5% tax to crypto companies
Foreign crypto exchanges in Kenya are now expected to pay a 1.5% duty on commissions they receive from facilitating crypto trades.
Regulation
Nigeria SEC will support asset-backed tokens: Bloomberg
Aside Nigeria, several other countries like Germany and Singapore are also considering assets tokenizations.
Crime
CFTC fines South African CEO $3.4B over Bitcoin MLM scheme
The case represents the CFTC's highest civil fine and largest Bitcoin fraud case.
Adoption
Metamask, Moonpay partner to allow Nigerians buy crypto directly
In 2021, the central bank of Nigeria ordered banks to stop facilitating cryptocurrency transactions and close all crypto-related accounts.
