Crypto Oracle, Author at Cryptotimes Africa

News

LAUNCH: In Jigawa, Nigeria, Blockchain Company, Gluwa, and a Nigerian Vice President Open a Blockchain Training and Outsourcing Clinic

by Crypto Oracle August 1, 2024

According to blockchain startup Gluwa, Nigerian Vice President Kashim Shettima has given it the mission to start a blockchain and artificial intelligence training program that will mentor 1,000 young Nigerians per year. By utilising the nation's rising rates of cryptocurrency acceptance and…

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Regulating | Zambian Governor Rejects IMF and Local Criticism of De-Dollarization Efforts

by Crypto Oracle July 31, 2024

The Bank of Zambia (BoZ) has said it will take a cautious approach to banning the use of the U.S. dollar in local transactions to avoid distortions in the economy. This comes a few days after IMF Resident Representative, Eric Lautier, questioned…

News

FINTECH AFRICA | Egyptian Fintech Unicorn, MNT-Halan, Acquires Tam Finans, a Turkish Finance Firm with Over $300 Million Loan Book

by Crypto Oracle July 30, 2024

Actera Group, the top private equity firm in the nation, and the European Bank for Reconstruction and Development (EBRD) have acquired Tam Finans, a prominent commercial finance company in Turkey with a loan book exceeding US $300 million, by MNT-Halan, Egypt's largest…

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Reform Financial System to Stop Discriminating Developing Countries, Finance Ministers Say at UN Meeting in Ethiopia

by Crypto Oracle July 30, 2024

Finance and foreign ministers have called for the reforming of the international financial system to improve the prospects of developing countries at a just-concluded United Nations (UN) Member States meeting in Addis Ababa, Ethiopia. Li Junhua, the Under-Secretary-General of the UN Department…

News

Regulation: Finance Minister Orders Local ZiG Currency to Be Used for Payment of Certain Taxes and Government Services in Zimbabwe Rather Than US Dollars

by Crypto Oracle July 29, 2024

As part of fresh initiatives to increase demand for the country's gold-backed currency, Zimbabwe's Finance Minister, Mthuli Ncube, has mandated that payments for government services be made in the local ZiG currency. On July 25, 2024, in Mount Hampden, 11 miles northeast…

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REGULATION | As it intensifies reforms towards a free market economy, Ethiopia floats the exchange rate in a significant policy shift.

by Crypto Oracle July 29, 2024

A major change in Ethiopia's economic strategy has been declared by the government: the adoption of a market-based exchange rate system. This means that banks can now buy and sell foreign currencies at freely negotiated rates to and from their clients as…

New Bitcoin-Cardano Bridge Just Launched

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LIST | The Top 5 Web3 Wallet Platforms That Are Challenging Metamask for the Lead

by Crypto Oracle July 28, 2024

The likelihood is that if you frequently use Ethereum blockchain apps, you've encountered MetaMask. Any digital asset generated on Ethereum can be stored using MetaMask, which is free and open-source. Additionally, MetaMask is compatible with a large number of Web3 applications that…

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MILLESTONE | After Reaching 950 Million Users, Telegram Will Open Its Own App Store in July 2024

by Crypto Oracle July 27, 2024

The cloud-based messaging software, Telegram, will launch its own app store by the end of July 2024 after recording 950 million users, according to CEO and Founder, Pavel Durov. On July 22, 2024, Durov tweeted on his channel, "To keep the fire…

Coins

REPORT | According to July 2024 VISA On-Chain Analytics, bots inflate stablecoin transactions from $265 billion to $2.65 trillion.

by Crypto Oracle July 26, 2024

Stablecoin demand has increased again in 2024, with a circulating supply of around $150 billion, based on statistics from VISA's Visa Onchain Analytics tool. Looking at the monthly transaction volume, just $265 billion of the $2.65 trillion in transfers over the previous…

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LAUNCH | South African DeFi Startup, NeoNomad, Launches ZARCoin Stablecoin Pegged to the South African Rand (ZAR)

by Crypto Oracle July 26, 2024

ZARCoin (ZARC) is a stablecoin that is 1:1 tied to the South African Rand (ZAR), and it was just established by the South African DeFi startup, NeoNomad. This digital currency, which was introduced on July 11th, 2024, aims to close the gap…