In a continent plagued by inflation and corruption, cryptocurrencies are helping Africans seeking financial stability and inclusion, according to Cointelegraph.
Weak national currencies, unreliable banking systems, and government corruption have hindered economic growth and financial inclusion in Africa. Cryptocurrencies can offer a way…
Decentralized Finance (DeFi) has rapidly emerged as one of the most exciting and transformative sectors within the blockchain industry. With its promise of democratizing finance, enhancing financial inclusivity, and eliminating intermediaries, DeFi has gained significant traction and captured the attention of both…
Bitcoin may be far below the all-time high of $69,044 it touched towards the end of 2021, but this much is true: It has exceeded expectations in 2023 by surging 86% since the start of the year, when it was trading for…
South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator.
The Financial Sector Conduct Authority has received about 20 applications since opening for licenses a few weeks…
Regulators have made positive strides in bringing crypto-assets within the regulatory perimeter, says the South African Reserve Bank (SARB).
This comes as the central bank continues its investigation and stress testing of distributed ledger technology (DLT) in financial markets. DLT is a…
Cryptocurrency exchange Kraken has been ordered by a judge to provide a wide swath of information about its users to the Internal Revenue Service for the agency’s investigation of underreported tax liability.
Bloomberg reported that the IRS has said it wants information on Kraken accounts that…
Even while only 2% of all cryptocurrencies' value is spent on the African continent, their explosive growth will change how money is spent in a sub-Saharan Africa that is becoming more urban and digital. In fact, according to a recent research by…
The crypto community experienced another positive week following a favorable one. Recent reports suggest that there is a possibility of the defunct cryptocurrency exchange, FTX, resuming its operations.
This development brings hope to crypto users and investors who previously suffered losses…
The Israeli Defense Ministry reported that the Israeli government has seized millions of dollars in digital funds belonging to two Iranian-backed groups: the Iranian military and the Hezbollah militant group. This ploy pulled by the Israeli intelligence agencies is targeted at rattling…
The Layer 2 scaling solution for Ethereum apps known as Optimism is now referred to as OP Mainnet.
This rebranding is viewed as a tactical choice that supports the project's objective of creating a "superchain" network made up of numerous Layer 2…