news Archives - Page 18 of 42 - Cryptotimes Africa

News

EAST AFRICA | Somalia formally joins the ever-growing East African Community Bloc as its eighth member

by Crypto Oracle November 27, 2023

Somalia was formally welcomed on November 24, 2023, making it the eighth member of the East African Community (EAC). Following nearly a year of fruitful negotiations, Somalia's entry to the bloc was formally agreed by the East African Community leaders during the…

News

MILESTONE | In just a few days after its launch, Ethereum Layer 2 Blast garners over $500 million in deposits.

by Crypto Oracle November 26, 2023

Shortly after its inception on November 21, 2023, Blast, a newly created Ethereum layer-2 blockchain, had an extraordinary influx of capital, with an inflow of over $500 million. The most popular cryptocurrency projects in 2023 are layer 2 networks. These networks solve…

News

Fintech Africa | Chimoney, Powered by Web3, Acquires Scrim, a Nigerian Social Payments App

by Crypto Oracle November 25, 2023

Chimoney, a Canadian-based global payment solutions company with Techstars support, has acquired Scrim, a Nigerian social payment app aimed at the digital youth. According to Chimoney, Scrim, which was already using its infrastructure and API, will relaunch with new features in December…

Coins

Cathie Wood fate on shares for Grayscale Bitcoin Trust

by 'Femi Michael November 25, 2023

Cathie Wood has been trimming her stake in Grayscale Bitcoin Trust. But she did tout GBTC as a top pick at the Sohn Australia conference. Bitcoin climbed to a new year-to-date high of over $38,000 today. Cathie Wood – the Founder of…

News

LAUNCH | The launch of a multi-currency prepaid card marks the strategic partnership between Prime Bank Kenya and Egypt’s MDP.

by Crypto Oracle November 24, 2023

Traders, tourists, the diaspora, and the business community will be able to load several currencies in USD, GBP, Euro, and Indian Rupee on a single card that is accessible internationally thanks to the multi-currency prepaid card with Chip and PIN security and…

News

LAUNCH | Empowa Pay in Mozambique Integrates Hedera Hashgraph to Allow Tenant Payments with Fiat Throughout Africa

by Crypto Oracle November 24, 2023

With the inclusion of the Hedera Decentralised Ledger, Empowa Pay, a Web3 mobile application for monitoring, documenting, and verifying rent-to-own housing payments on the Empowa rental housing platform, is taking a multichain approach. Empowa declared, "As we continue our mission to revolutionize…

Bitcoin

Future potential of BTC as a global payments technology

by 'Femi Michael November 23, 2023

In 2008, an anonymous person or group calling themselves Satoshi Nakamoto created Bitcoin as a decentralised alternative to traditional fiat money controlled by central banks. The reasoning was that traditional money was difficult to move across borders, whereas Bitcoin could be sent…

News

Middle-East And North African Countries: Bitget Introduces Arabic Support for Crypto Trading

by 'Femi Michael November 23, 2023

Bitget, the world's leading cryptocurrency exchange and Web3 company, has launched Arabic lingual support for over eleven Middle-Eastern and North African countries accessible on its mobile application and website. With Arabic language support, Bitget provides broader access to Arabic-speaking audiences. The lingual support for MENA-based Bitget users…

Industry News

In case you Missed Out on BTC and XRP Booms? Another Top Investment Opportunity Discovered in 2023

by 'Femi Michael November 23, 2023

BTC lost 5.3% in value after the SEC delayed its decision on Bitcoin ETF filings. XRP dropped 17.5% despite news of the Onafriq partnership. A new coin offers a 150% return on investment and becomes one of the best altcoins to buy…

News

SEC files charges against unregistered crypto trading platform

by 'Femi Michael November 23, 2023

The Securities and Exchange Commission (SEC) levied charges against an unregistered cryptocurrency trading platform. The charges were filed against Payward Inc. and Payward Ventures Inc., together known as Kraken. They were charged with operating Kraken’s crypto trading platform as an unregistered securities…