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Cryptocurrency Crash Sends Ripple Through African Markets

by Terry Kunle April 15, 2024

Over the weekend, the cryptocurrency market experienced a significant downturn following reports of an Iranian drone and missile attack on Israel. Bitcoin, the leading digital currency, plummeted by approximately 8% as U.S. officials confirmed the ongoing attack. With digital assets being among…

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NOONES HELPING NIGERIA AFTER BINANCE EXIT

by Terry Kunle April 13, 2024

Some Nigerians were shocked when crypto exchange Binance announced they would discontinue all services in Nigeria by March 8. Despite facing scrutiny from regulators before the announcement, many people still asked how the biggest exchange in crypto could just disappear from the…

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EXPLAINER | A Look at the Unique Avalanche Blockchain

by Powel March 3, 2024

Avalanche operates uniquely by employing three separate yet interconnected blockchains, each assigned a specific role in the overall functioning of the network. Avalanche is a blockchain platform developed by Ava Labs, and it was launched in 2020. One of its key features…

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Coinbase Unveils New User-Friendly Crypto Wallets

by Powel March 1, 2024

Crypto exchange Coinbase has announced the upcoming launch of two new crypto wallet products, Smart and Embedded Wallet solutions. These offerings aim to simplify the onboarding process for blockchain applications, removing common friction points for new crypto users. The Smart Wallet leverages passkey technology…

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How Bitcoin’s (BTC) Price Rally Affects Crypto Investors in Key Regional Economies

by 'Femi Michael February 15, 2024

Bitcoin's price reached one million ZAR on South African exchange VALR, 6% below its all-time high of $1,057,029 in 2021. The price of Bitcoin on crypto exchange bitFlyer skyrocketed to an all-time high of 7.9 million yen in the past 24 hours.…

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Coinbase Advanced introduces fee structure program for high-volume traders

by Powel February 2, 2024

Coinbase has launched a new initiative to attract high-volume traders by offering reduced trading fees and a 60-day, no-fee period for those transferring from other platforms. According to a recent blog post, the promotion offers a fast track to lower fee tiers for…

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VISA Adds Crypto-to-Fiat Withdrawals in Partnership with Transak – Available in 30 African Countries

by Powel February 2, 2024

The new integration with VISA Direct means Users from 145 countries, including most African countries, can now directly convert a minimum of 40 cryptocurrencies into fiat without depending on centralized exchanges or other offramping services. VISA is intensifying its commitment to cryptocurrency…

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Kenyan Crypto Fintech, HoneyCoin, Rebrands to Peer, an International Financial Super App for Consumers

by Powel January 30, 2024

The rebranded app will also let users off-ramp their digital dollars, thanks to a partnership with MoneyGram. Kenyan fintech startup, HoneyCoin, has rebranded its consumer software application, which is now called Peer, described as ‘the everything app’ for users ‘anywhere in the…

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Coinbase introduces non-custodial crypto wallets creation

by Powel January 25, 2024

Cryptocurrency exchange Coinbase has introduced a new generation of Wallet-as-a-Service. According to the platform’s Jan. 23 announcement, the embedded wallet service will be an enterprise-grade solution based on Coinbase’s Wallet-as-a-Service technology, allowing developers to create non-custodial crypto wallets. “Secured by advanced MPC…

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Monthly NFT Sales as Solana OutPaced Ethereum for the First time in December 2023

by Powel January 11, 2024

Data from the analytics platform, CryptoSlam, shows that Solana NFT sales amounted to approximately $366.5 million in December 2023, surpassing the $353.2 million recorded on the Ethereum network during the same period. The monthly sales volume of NFTs on the Solana network…