Country News

Inspired by MicroStrategy: CyberSec Firm Octagon Networks Converts its Balance Sheet Into Bitcoin

The Ethiopian cyber security company – Octagon Networks – followed suite and converted its entire balance sheet to bitcoin.   Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced bitcoin as a payment method […]

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Original Article By: https://cryptopotato.com/inspired-by-microstrategy-cybersec-firm-octagon-networks-converts-its-balance-sheet-into-bitcoin/

Namibia’s Central Bank Plans to Introduce Digital Currency

    Namibia’s central bank has announced intentions to launch its central bank digital currency (CBDC) following a release of the bank’s FinTech regulatory framework amid the global rise and increasing adoption of cryptocurrencies. “We cannot ignore CBDC, it is a reality out there and for that reason, the Bank of Namibia has started researching

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Original Article By: https://namibiadailynews.info/namibias-central-bank-plans-to-introduce-digital-currency/

South African Cryptocurrency Exchange Raises $50M In Oversubscribed Series B

  VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values the company at $240 million (R3.7 billion).   VALR’s oversubscribed Series B equity funding round was led by Pantera Capital with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global,

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Original Article By: https://ventureburn.com/2022/03/south-africa-cryptocurrency-exchange-50m-series-b/

Tanzania Announces Own Central Bank Digital Currency (CBDC) Amid Plans to Issue Crypto Regulations

  Tanzania’s central bank has announced intentions to launch its central bank digital currency (CBDC) amid the global rise and the increasing adoption of cryptocurrencies. The country’s Central Bank Governor Prof Florens Luoga made these comments while speaking last week at a two-day Conference of Financial Institutions in Tanzania held on 25th and 26th November,

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Original Article By: https://kenyanwallstreet.com/tanzania-plans-central-bank-digital-currency-cbdc/