Crypto Oracle, Author at Cryptotimes Africa

News

Expert Opinion: What Will Fuel Ethereum Layer 2 Project Growth in 2023?

by Crypto Oracle December 3, 2023

According to blockchain analytics platform L2Beat, Ethereum layer-2 networks reached a noteworthy milestone in November 2023 when they surpassed a total value locked (TVL) of nearly $15 billion within their contracts. The following is a list of Ethere Arbitrum One Optimism, Base…

Bitcoin News

Predicting the Price of Bitcoin as the Total Crypto Market Cap Approaches $1.5 Trillion: Will it Aim for $40,000 Next?

by Crypto Oracle December 2, 2023

Within the constantly changing realm of virtual currencies, Bitcoin exhibits a bullish trajectory, presently trading at $38,765, up nearly 2% on Saturday. December is starting off on a positive note for the cryptocurrency market, as Bitcoin is moving closer to its 19-month…

News

INFLATION | As the Kenyan stock market becomes the worst performing in the world, the Kenyan Shilling (KES) depreciates by 21% in a single year.

by Crypto Oracle December 1, 2023

Employers in Kenya claim that between September 13, 2022, and November 22, 2023, the value of the Kenya shilling (KES) decreased by 21%. The Federation of Kenyan Employers (FKE) reported in a recent statement that the Kenyan shilling's exchange rate versus the…

News

Regulation: 128 Crypto Asset Service Providers in South Africa File for Licenses

by Crypto Oracle December 1, 2023

As of November 30, 2023, the Financial Sector Conduct Authority (FSCA) of South Africa reports that it had received 128 applications for licenses to operate as crypto asset service providers. The Financial Sector Conduct Authority (FSCA) said in a presentation giving an…

News

Fintech Africa: PayCorp, a South African Fintech, Launches CryptoExpress to Simplify Converting Cryptocurrency to Cash (ZAR)

by Crypto Oracle November 30, 2023

PayCorp, a fintech company based in South Africa, has launched CryptoExpress, an app that makes it easier for South Africans to convert cryptocurrencies into cash. With over 3,000 Cash Express ATMs across the country that support cryptocurrencies, users may effortlessly convert their…

News

The remaining balances of Alan Binance’s BUSD stablecoin will be converted to FDUSD.

by Crypto Oracle November 29, 2023

Following regulatory issues, Binance switches to the FDUSD stablecoin and discontinues support for the BUSD. Photograph from Adobe Stock by Maurice Norman. Leading cryptocurrency exchange Binance declared in a blog post today that it will stop supporting its stablecoin, Binance USD (BUSD),…

News

Launch| Prominent Fintech in South Africa, Stitch, Introduces ‘Pay with Crypto’ Solution for Small Businesses

by Crypto Oracle November 29, 2023

Customers can now directly pay with their bitcoin wallets thanks to a new payment option named "Pay with crypto" that South African fintech company Stitch has introduced. This development takes place against the backdrop of cryptocurrencies' rising acceptance in the local market,…

News

MILLESTONE | Tether Freezes $225 Million in Stolen USDT Voluntarily—The Greatest USDT Freeze in History

by Crypto Oracle November 28, 2023

About 225 million USDT tokens held in external self-custodied wallets connected to a global human trafficking organization in Southeast Asia have been frozen, according to a statement from Tether. Tether claims that this was a component of an investigation conducted in conjunction…

News

Launch| To consolidate and bolster the startup ecosystem, Nigeria Launches Startup Support Portal

by Crypto Oracle November 28, 2023

The inauguration of the Startup Support and Engagement Portal has been announced by Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy for Nigeria. A feature of the Nigeria Startup Act, the portal brings together investors, companies, and support groups such…

News

Event [DECEMBER 6, 2023]: Latitude59 Tech Conference and Pitch Competition to Be Held in Kenya, with a Focus on Digital Assets Discussion

by Crypto Oracle November 27, 2023

Nairobi, Kenya will play host to Latitude59 Kenya Edition, a one-day technology event, on December 6, 2023. Beyond the typical conference experience, Latitude59 seeks to offer a comprehensive program that connects innovators, entrepreneurs, and important actors globally. Estonia, which bills itself as…