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Ethiopia is emerging as a fast-growing Bitcoin mining hub, with local miners already consuming 600MW of power and more capacity expected to come online this year. Ethiopia’s Bitcoin (BTC) mining industry is gaining momentum, with crypto miners currently consuming 600MW…
BTC
Bitcoin
News
As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to…
Opinion
Crypto is not a threat but a real opportunity for African countries to gain a stronger foothold in the rankings of global economies.
News
Tether has invested $1.5 million in Sorted Wallet, a platform that helps people in emerging markets access crypto using simple mobile phones. According to a Tether (USDT) post, this investment aims to increase financial inclusion in regions such as Africa…
USDT
Tether
News
Ghana’s central bank has published draft guidelines for Virtual Asset Service Providers. According to the Bank of Ghana’s Aug. 16 draft, the nation has witnessed a spike in demand for cryptocurrencies, prompting the need for regulations to counter the various…
BTC
Bitcoin
News
Tether has partnered with the Africa Blockchain Institute, a Rwanda-based blockchain think tank, to expand the crypto company’s educational initiative to Ivory Coast. According to a news release on Aug. 9, Tether’s (USDT) partnership will help bring blockchain education to…
News
Valour plans to bring its crypto exchange-traded products to more investors in Africa, in response to a major agreement with the Nairobi Securities Exchange. Initial support will be for crypto ETPs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Hedera…
News
Nigerian regulators mandate that all Virtual Asset Service Providers (VASPs) update their applications within 30 days to comply with revised regulations concerning digital asset issuance, offering platforms, exchange, and custody.
News
Zimbabwe is seeking public comments on crypto regulation as the country aims to integrate emerging tech into its economic framework. Zimbabwe has called for public feedback on crypto operations as it crafts a policy framework for the burgeoning sector, Bloomberg…
News
Citing failure to bring Tigran Gambaryan to court, Nigerian court postpones a court hearing in the Binance tax evasion case until June. A Nigerian court has delayed proceedings in the tax evasion case against the Binance crypto exchange, rescheduling the…
News
SBM Intelligence, a risk consultancy firm, has cautioned that bribery allegations against government officials could hinder foreign investment.
BNB
BNB
News
Nigeria’s central bank denies false claims made by crypto media, asserting that it didn’t mandate local banks to freeze accounts associated with unlicensed crypto exchanges. The Central Bank of Nigeria (CBN) says it didn’t order local financial institutions to freeze…
News
Zimbabwe has taken a significant step in addressing its ongoing currency challenges by introducing a new foreign exchange and gold-backed "structured currency."Â
Opinion
Blockchain technology holds great promise for women entrepreneurs who are geographically close but economically disconnected, giving them financial independence.
News
Nadeem Anjarwalla, a detained Binance executive in Nigeria, reportedly escaped custody after being taken for prayer. On Mar. 22, Nadeem Anjarwalla, a British-Kenyan who is Binance‘s regional manager for Africa, reportedly fled Nigeria after being detained upon arrival in the…
News
As the halving approaches, Bitcoin mining firms are strategically relocating their operations to regions with lower electricity costs (i.e., Ethiopia, Nigeria).
BTC
Bitcoin
Feature
