News by Crypto Oracle July 10, 2024 REGULATION | Paxful Co-Founder Pleads Guilty to Accusations of Deception and Shoddy Anti Money Laundering Practices Former Paxful Chief Technology Officer (CTO) and co-founder Artur Schaback has entered a guilty plea to criminal offences in the…Read More
News by Crypto Oracle July 10, 2024 FUNDING | After seeing a 10x increase in revenue and around 500K user growth, Tanzanian fintech company Nala raises $40 million in Series A. Pan-African remittances startup Nala has secured $40 million in a series A round led by CEO Benjamin Fernandes, making it…Read More
News by Crypto Oracle July 9, 2024 REGULATION | According to the Director-General of NITDA, Nigeria is building its own blockchain, called “Nigerium,” to protect national security. In order to protect national security, the National Information Technology Development Agency (NITDA) will create the native blockchain known as…Read More
News by Crypto Oracle July 9, 2024 REGULATION | Digital Asset Operators in Nigeria Required to Establish Local Presence in Latest Eligibility Requirements In order to be permitted to conduct business in the nation, Virtual Asset Service Providers (VASPs) must open a local…Read More
News Women in Crypto by Crypto Oracle July 8, 2024 REPORT | According to a 2023 report, Kenyan women are the most involved in cryptocurrency in Africa and rank third globally. A recent 2023 research states that women hold 42% of cryptocurrency in Kenya, placing the nation first in Africa and…Read More
News by Crypto Oracle July 8, 2024 Regulators in South Africa, the FSCA, are pursuing 30 cryptocurrency companies that are operating without licences. Thirty investigations into illicit financial services related to cryptocurrency are presently being conducted in South Africa by the Financial Sector…Read More
News by Crypto Oracle July 6, 2024 A Nigerian cryptocurrency trader receives recognition for returning almost $13,000 in misdirected $SOL tokens. More than 35 $SOL tokens have been awarded to an African cryptocurrency trader as members of the community continue to…Read More
News Startups by Crypto Oracle July 5, 2024 REPORT: Investment in African Startups Drops by More Than 50% Year-Over-Year to $780 Million in H1 2024 Between January and June 2024 (H1 2024), startups in Africa raised $780 million. This represents a 31% decrease from H2…Read More
Industry News by Crypto Oracle July 4, 2024 LAUNCH | Unstoppable Domains Opens First Tokenized “.com” Domain Buy and Sell Marketplace Leading distributor of Web3 domains and digital identities, Unstoppable Domains, has announced the opening of the Unstoppable Marketplace for Web3,…Read More
News by Crypto Oracle July 4, 2024 Regulation: After “An Important Regulatory Update,” KuCoin will impose a 7.5% value-added tax (VAT) on cryptocurrency transactions in Nigeria. KuCoin, a cryptocurrency exchange, has announced that it will begin charging its Nigerian users 7.5% value-added tax on trading costs…Read More