Africa Archives - Page 12 of 20 - Cryptotimes Africa

Bitcoin gains traction in West Africa with educational drive

by Crypto Oracle August 24, 2023

Bitcoin adoption in West Africa is dominated by Nigeria, the crypto powerhouse and the region’s economic engine. But against a backdrop of anti-French sentiment, Bitcoin educational efforts are also bubbling away in French-speaking West Africa. Senegal recently opened its first physical Bitcoin exchange and…

News

Concerns as Native Stablecoin Token (PTK) is Launched by Nigerian Crypto App Patricia.

by Ridwan Ridwan August 24, 2023

According to reports, the Nigerian retail trading software Patricia has converted the Bitcoin (BTC) and other tokens owned by its users into Patricia Token (PTK), a proprietary token. The company touted PTK as a stablecoin pegged to the U.S. dollar, where 1…

News

The Africa Web3 Tour: A 2023–2026 Strategic Initiative.

by Ridwan Ridwan August 22, 2023

The conclusion of the Africa Web3 Tour will witness the publication of a comprehensive report, with a roadmap that encompasses 30 cities throughout 30 African nations over the following three years. This report will include information on the state of Web3 technologies…

Coins Industry

Kenya forms parliamentary committee to investigate Worldcoin

by 'Femi Michael August 22, 2023

The controversial crypto project’s launch has been marred into controversy, and it’s already facing investigations in nearly half a dozen countries. The Worldcoin cryptocurrency project has run into another roadblock — this time in Kenya, where the government has formed a 15-member parliamentary committee…

News

A public survey on virtual assets is being launched by the Kenya Financial Reporting Centre (FRC).

by Ridwan Ridwan August 21, 2023

A fresh anonymous survey on virtual assets and service providers in the nation has been released by the Kenya Financial Reporting Centre (FRC). According to the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) 2009, the FRC is a government organisation whose…

News

Examining the CFA Franc: Its Functions, Participating African Nations, and Controversies.

by Ridwan Ridwan August 20, 2023

Due to its structure, the countries involved in it, and the debates it has sparked, the CFA Franc, a currency used in 14 African countries, has attracted a lot of interest recently. What does CFA Franc mean? Two sets of African nations…

News

The BRICS Bank has issued its first South African ZAR bond since 2015, making it the issuer with the highest rating.

by Ridwan Ridwan August 19, 2023

During its first South African bond auction, the New Development Bank, which was founded by the BRICS group of emerging economies, was successful in raising 1.5 billion ZAR, or $79 million. The BRICS bank is now the highest rated issuer to issue…

Industry

Nigeria emerged the highest level of cryptocurrency interest in Africa

by Terry Kunle August 19, 2023

Nigeria has emerged as the African country with the highest level of cryptocurrency interest currently accounting for a significant portion, approximately 66.8%, of the total crypto interest in the continent year to date (YTD), latest report reveals. This figure is nearly eight…

News

According to the most recent CoinGecko report, West Africa dominates Africa’s cryptocurrency craze at 75% interest.

by Ridwan Ridwan August 18, 2023

According to the most recent research, Nigeria has emerged as the African nation with the highest level of cryptocurrency interest, currently accounting for a sizeable share, roughly 66.8%, of the overall cryptocurrency interest in the continent year to date (YTD). This number…

News

CEO of South Africa’s Mirror Trading International (MTI) Bitcoin Ponzi scheme is detained in Brazil for ID fraud.

by Ridwan Ridwan August 17, 2023

The biggest civil monetary penalty ever imposed in a case brought by the U.S. Commodity Futures Trading Commission (CFTC) was imposed against Steynberg in April 2023 when a U.S. judge ordered him to pay over $3.4 billion in fines and restitution for…