Ridwan Ridwan, Author at Cryptotimes Africa

News

The eNaira’s Near Field Communication (NFC) technology is integrated by the Central Bank of Nigeria.

by Ridwan Ridwan July 26, 2023

The Central Bank of Nigeria (CBN) has unveiled new features for the eNaira, its central bank digital currency (CBDC), with the goal of boosting the digital currency's service offerings and fostering public acceptance of its use. The eNaira has been updated to…

News

Mara, an Ethereum Layer 2 blockchain, launches its testnet as it makes the transition to Mara Chain.

by Ridwan Ridwan July 26, 2023

The eagerly awaited Mara Chain, an Ethereum layer 2 chain, has officially launched its testnet, according to Mara, a cryptocurrency firm with an African focus. Mara claims that this cutting-edge network uses MARA coins for transaction fees and is built as an…

News

PRESS RELEASE | WorldCoin Foundation Announces the World ID SDK and WorldCoin Protocol Launch.

by Ridwan Ridwan July 24, 2023

WorldCoin, a project co-founded by Sam Altman, Alex Blania, and Max Novendstern, has gone live and is ready for production, according to a press release from the Worldcoin Foundation. The launch involves the introduction of the World ID SDK as well as…

Industry

“The Environmental Impact of Cryptocurrencies: Unraveling the Green vs. Non-Green Debate”

by Ridwan Ridwan July 23, 2023

Introduction: The rapid growth of cryptocurrencies has captured the attention of the world, sparking both excitement and concerns. While the technology behind cryptocurrencies, blockchain, has the potential to revolutionize various industries, it has also raised questions about its environmental impact. The energy-intensive…

News

Why Nasdaq Withdrawing from Custody Is Bad News for Crypto

by Ridwan Ridwan July 22, 2023

Nasdaq, a well-known and technologically advanced U.S. stock exchange, declared yesterday that it is abandoning its intentions to introduce a bitcoin custody service. The second quarter of this year saw the planned introduction of the new business line, which would have been…

News

Mara releases an Ethereum-compatible testnet, focusing on Africa’s DeFi platform.

by Ridwan Ridwan July 21, 2023

Developers from the Africa-focused decentralized banking platform Mara informed CoinDesk through email that the Mara Chain, a forthcoming layer 2 network that uses MARA tokens for fees and is compatible with Ethereum, had released a testnet. On the Optimism forked Mara Chain,…

News

Growing to rank second in Africa in terms of subscribers, Ethio Telecom

by Ridwan Ridwan July 20, 2023

In the preceding fiscal year, which ran from July 2022 to June 2023, Ethio Telecom claims it outperformed expectations by bringing in a total of 75.8 billion birr ($1.3 billion), or 101% of its goal revenue. The company claims that this sizeable…

News

The African Branch of Conflux Network: Promoting Community Empowerment and Blockchain Adoption

by Ridwan Ridwan July 19, 2023

As one of the top blockchain layer 1 protocols, Conflux Network is pleased to commemorate the noteworthy accomplishments of its African subsidiary after being named one of the continent's top cryptocurrencies for the year 2023 by CoinGecko. Conflux Network has been essential…

News

Binance Celebrates Six Years with Over 140 Million Users, Showcasing Community Spirit and Impressive Growth.

by Ridwan Ridwan July 18, 2023

The largest cryptocurrency exchange in the world, Binance, is commemorating its sixth birthday and six years of expansion, innovation, and community-driven success. "With your help, Binance funded $15 million equivalent in cryptocurrencies six years ago, beginning our journey as a crypto-to-crypto exchange.…

News

“Central Bank Digital Currencies (CBDCs): Exploring the Opportunities, Challenges, and Implications for the Future of Money”.

by Ridwan Ridwan July 16, 2023

Central bank digital currencies (CBDCs) are digital representations of a country’s official currency issued and regulated by the respective central bank. Unlike cryptocurrencies, CBDCs are centralized and have a legal tender status, making them a digital form of traditional fiat currency. The…