Crypto Oracle, Author at Cryptotimes Africa

News

EAST AFRICA | Somalia formally joins the ever-growing East African Community Bloc as its eighth member

by Crypto Oracle November 27, 2023

Somalia was formally welcomed on November 24, 2023, making it the eighth member of the East African Community (EAC). Following nearly a year of fruitful negotiations, Somalia's entry to the bloc was formally agreed by the East African Community leaders during the…

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MILESTONE | In just a few days after its launch, Ethereum Layer 2 Blast garners over $500 million in deposits.

by Crypto Oracle November 26, 2023

Shortly after its inception on November 21, 2023, Blast, a newly created Ethereum layer-2 blockchain, had an extraordinary influx of capital, with an inflow of over $500 million. The most popular cryptocurrency projects in 2023 are layer 2 networks. These networks solve…

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Fintech Africa | Chimoney, Powered by Web3, Acquires Scrim, a Nigerian Social Payments App

by Crypto Oracle November 25, 2023

Chimoney, a Canadian-based global payment solutions company with Techstars support, has acquired Scrim, a Nigerian social payment app aimed at the digital youth. According to Chimoney, Scrim, which was already using its infrastructure and API, will relaunch with new features in December…

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LAUNCH | The launch of a multi-currency prepaid card marks the strategic partnership between Prime Bank Kenya and Egypt’s MDP.

by Crypto Oracle November 24, 2023

Traders, tourists, the diaspora, and the business community will be able to load several currencies in USD, GBP, Euro, and Indian Rupee on a single card that is accessible internationally thanks to the multi-currency prepaid card with Chip and PIN security and…

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LAUNCH | Empowa Pay in Mozambique Integrates Hedera Hashgraph to Allow Tenant Payments with Fiat Throughout Africa

by Crypto Oracle November 24, 2023

With the inclusion of the Hedera Decentralised Ledger, Empowa Pay, a Web3 mobile application for monitoring, documenting, and verifying rent-to-own housing payments on the Empowa rental housing platform, is taking a multichain approach. Empowa declared, "As we continue our mission to revolutionize…

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LAUNCH | On Xpansiv Immutable Ledger, South Africa Opens the Market for Carbon Credits and Renewable Energy Certificates

by Crypto Oracle November 23, 2023

A new carbon market has been introduced by the Johannesburg Stock Exchange (JSE) in South Africa, enabling local participants to purchase and trade renewable energy certificates and carbon credits. The JSE claims that the market was introduced in association with Xpansiv, a…

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Blockchain Association Announces Annual Report for 2023

by Crypto Oracle November 22, 2023

On Wednesday, November 22nd, the Blockchain Association published its annual report, which highlighted the successes and difficulties the cryptocurrency industry faced in 2018. Driving crypto forward The Blockchain Association is a crypto advocacy group led by CEO Kristin Smith that was founded…

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VALR, a prominent South African exchange, has initiated trading of Bitcoin and USDT futures against the South African Rand (ZAR).

by Crypto Oracle November 22, 2023

A perpetual futures trading feature containing the world's first Bitcoin and USDT perpetual futures matched against the South African Rand was introduced by VALR, the largest cryptocurrency exchange by trading volume in Africa. VALR has listed the BTC/USDT perpetual future in addition…

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The IPO sales of Crypto Miner Phoenix Group were 33X oversubscribed.

by Crypto Oracle November 21, 2023

The international blockchain and cryptocurrency mining behemoth Phoenix Group has raised a substantial amount of money for its initial public offering (IPO). A news release stated that the mining business was able to conclude its initial public offering (IPO) raising, with investors…

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Introducing | The Primary Identification for Banking Services Will Be Fayda, the New Ethiopian National ID

by Crypto Oracle November 21, 2023

Ethiopia has advanced its efforts to implement a new national identity scheme with the awarding of a $300,000 contract to Madras Security Printers Private Limited for the production of one million copies by the government. The National Identity Program (NDIP) reports that…