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News

A Nigerian cryptocurrency trader receives recognition for returning almost $13,000 in misdirected $SOL tokens.

by Crypto Oracle July 6, 2024

More than 35 $SOL tokens have been awarded to an African cryptocurrency trader as members of the community continue to recognise and honour his kind and honest actions. During an interview, Femi Akinola, the trader, disclosed that a cryptocurrency dealer on X…

Bitcoin

BITCOIN | Since the collapse of FTX, Bitcoin Has Seen One of the Largest Realised Losses

by Crypto Oracle July 6, 2024

After plunging to its lowest point in more than four months, the price of Bitcoin has now rebounded. According to CoinGecko, the cryptocurrency is up 4.1% in the previous day, peaking at little over $56,400. In the last 24 hours the price…

Bitcoin

BITCOIN | Mt. Gox Transfers More Than 47,000 Bitcoins (BTC) to a New Wallet Before Scheduled July 2024 Repayments

by Crypto Oracle July 5, 2024

The estate of the defunct crypto exchange, Mt. Gox, has transferred over 47,000 BTC ahead of its plan to repay $9 billion BTC to creditors. One of Mt Gox’s three wallets that held significant portions of funds sent around 47,228.7 BTC (about…

News Startups

REPORT: Investment in African Startups Drops by More Than 50% Year-Over-Year to $780 Million in H1 2024

by Crypto Oracle July 5, 2024

Between January and June 2024 (H1 2024), startups in Africa raised $780 million. This represents a 31% decrease from H2 2023 figures and an even more striking 57% reduction from H1 2023. Two thirds of this money came from stock, and the…

Industry News

LAUNCH | Unstoppable Domains Opens First Tokenized “.com” Domain Buy and Sell Marketplace

by Crypto Oracle July 4, 2024

Leading distributor of Web3 domains and digital identities, Unstoppable Domains, has announced the opening of the Unstoppable Marketplace for Web3, which will allow users to easily list and purchase a variety of Web3-enabled domains. This is the first time tokenized ".com" domains…

News

Regulation: After “An Important Regulatory Update,” KuCoin will impose a 7.5% value-added tax (VAT) on cryptocurrency transactions in Nigeria.

by Crypto Oracle July 4, 2024

KuCoin, a cryptocurrency exchange, has announced that it will begin charging its Nigerian users 7.5% value-added tax on trading costs from July 8, 2024. "We are writing to let you know about a significant regulatory update that affects our Republic of Nigerian…

News

PARTNERSHIP | M-PESA Ethiopia and DahabShiil, Africa’s Oldest Remittance Operator, Reach an Agreement to Enable Remittances from the Diaspora

by Crypto Oracle July 3, 2024

Through a cooperation between Safaricom Ethiopia's M-PESA and East African money transfer service DahabShiil, Ethiopians living abroad will be able to send money straight to M-PESA mobile wallets. Through the agreement, remittances from the diaspora to Ethiopia would be made easier, resulting…

News

Electronics Giant, Sony, to Launch Crypto Exchange Dubbed S.BLOX as it Intensifies Web3 Presence

by Crypto Oracle July 3, 2024

Japanese electronics giant, Sony, plans to re-launch the crypto exchange, WhaleFin, which it bought from digital asset platform, Amber Group, in 2023. According to a press release, WhaleFin has been renamed to S.BLOX Co., which plans to collaborate with Sony Group’s other…

News

RULES | Zimbabwe ICT Minister: We’re working with the Tony Blair Institute and the EU to create a framework for artificial intelligence and a startup bill.

by Crypto Oracle July 2, 2024

Felix Mutati, Zambia's Minister of Science and Technology, has said that the creation of an artificial intelligence (AI) framework is now underway within the government. According to Mr. Mutati, who posted a press release on his X page, Zambia is now developing…

News

FINTECH AFRICA | Interswitch Verve Cards Now Have Over 50% Market Share in Nigeria, Surpassing VISA and MasterCard

by Crypto Oracle July 2, 2024

Since Nigerian fintech companies choose the accessible and local alternative, Verve cards are becoming more and more popular than MasterCard and VISA cards. Based on information available on Statista: Verve holds 54% of the Nigerian card market 30% of cardholders in Nigeria…