cryptocurrency

Donald Trump Election Victory: Impact on African Cryptocurrency Markets

Adoption, Litecoin, Regulation / Leave a Comment

    The recent US elections have sent shock-waves through the global cryptocurrency markets, and Africa is no exception.  With the election of Donald Trump as President, the crypto market has experienced a significant surge, bringing with it excitement and anticipation across the continent. Cryptocurrency markets across the globe have experienced significant movements following Donald […]

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South Africa’s Real Estate Market Enters the Crypto Era

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    Digital currencies are redefining financial transactions, as South Africa leaps into the future by allowing property purchases with cryptocurrencies like Bitcoin.  This innovative approach not only bridges the gap between traditional real estate and modern FinTech, but also showcases South Africa’s progressive stance on digital finance.   A New Chapter in Property Investment

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The Rise of Cryptocurrency in Ivory Coast: An Emerging Landscape

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  Cryptocurrency is gradually making its mark on Ivory Coast, and the West African nation is increasingly catching the attention of investors and entrepreneurs.  We take a look at the history of crypto in Ivory Coast, some recent developments and the regulatory environment surrounding cryptocurrencies in the country.   Historical Context: The Rise of Crypto

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Kenyan Revenue Authority Announces Real-Time Tax System For Crypto

Kenya / Leave a Comment

Bold move as Kenya Revenue Authority (KRA) announces real-time tax system for cryptocurrency transactions. This system aims to monitor and record transaction details such as the date, time, type and value of each transaction. The goal is to improve tax collection efficiency and address revenue losses due to the lack of a robust system for

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Understanding Litecoin: Popularity & Usage Across African Nations

Coins, Litecoin / Leave a Comment

  What is Litecoin? Litecoin (LTC), often referred to as “the silver to Bitcoin’s gold,” is a peer-to-peer cryptocurrency that was created in 2011 by former Google engineer Charlie Lee.  It operates on an open-source blockchain technology, similar to Bitcoin, but with several key differences that make it unique and appealing to many users. Litecoin

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Understanding the Unique Dynamics of the African Cryptocurrency Market

ACCN / Leave a Comment

  The cryptocurrency market in Africa is rapidly evolving, presenting unique characteristics that distinguish it from more established markets like those in North America, Europe and Asia.   Adoption Driven by Necessity In many African countries, cryptocurrency adoption is driven by necessity rather than speculation.  High inflation rates, unstable local currencies and limited access to

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Blockchain Africa Conference 2024: Celebrating a Decade of Innovation

Blockchain, South Africa / Leave a Comment

  Get ready to dive into the future of digital innovation at the Blockchain Africa Conference 2024! Celebrating a decade of ground-breaking advancements, this year’s edition is set to make waves as it marks its 10th anniversary on November 20, 2024,  at the CSIR International Convention Centre in Pretoria (Tshwane), South Africa. This milestone event

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An Eye on Regulation: Nigeria’s Crypto Landscape in 2024

Nigeria, Regulation / Leave a Comment

  In a significant turn of events, Nigeria has made headlines in 2024 with its newly progressive stance on cryptocurrency regulation.  As one of Africa’s largest economies and a key player in the continent’s digital revolution, Nigeria’s regulatory shifts are poised to influence the broader African crypto market. The Lifting of the Ban In a

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Airtel Africa: Driving Change with 4G & 5G Investment in Nigeria

Nigeria / Leave a Comment

Airtel Africa has revealed that it acquired fourth-generation (4G) and fifth-generation (5G) spectrums from the Nigerian Communications Commission (NCC) at a cost of US$316.7 million as part of its strategic mission to bolster connectivity in Nigeria. The telecom giant was the sole bidder in the auction that saw them acquire 100MHz in the 3,500MHz band and

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African man pointing at a monitor that is displaying the word blockchain

Blockchain Association Disowns Upcoming Kampala Summit

Uganda / Leave a Comment

  The Blockchain Association of Uganda has distanced itself from an upcoming blockchain conference in Kampala, saying they are not sure about the authenticity of the organiser, Streakk. The Kampala Blockchain Summit is scheduled for Tuesday January 17, at the Sheraton Hotel under the theme ‘Unlocking the potential of your crypto’. But according to the

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Original Article By: https://www.monitor.co.ug/uganda/business/finance/blockchain-association-disowns-upcoming-kampala-summit-4087622

10% of SA Adults Own Cryptocurrency – But Who Owns More, Men or Women?

Country News, South Africa / Leave a Comment

  Cryptocurrency adoption in South Africa has held steady over the past several months, according to the latest data from Finder.com.   Ten percent of South African internet users aged 18+ currently own cryptocurrency. It should be noted that this figure or percentage is down from 11% late last year. Men are much more likely

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Big Changes Coming For How Cryptocurrencies Are Regulated In South Africa

Country News, South Africa / Leave a Comment

    The Financial Sector Conduct Authority (FSCA), which works in collaboration with the South African Reserve Bank (SARB), recently announced that it is establishing a new regulatory framework for cryptocurrencies in South Africa. Both the FSCA and the SARB have been vocal about declaring cryptocurrencies as financial products, and the Prudential Authority division at

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Original Article By: https://businesstech.co.za/news/finance/619791/big-changes-coming-for-how-cryptocurrencies-are-regulated-in-south-africa/

World’s Largest Crypto Exchange, Binance, Hires Finance Executive To Lead Operations In South Africa.

Exchange, South Africa / Leave a Comment

    Binance, the world’s leading crypto and blockchain infrastructure provider, has announced the appointment of Hannes Wessels as the Country Head of South Africa to drive its business operations in the region. Hannes brings with him over 10 years of experience in the finance sector and is the previous Head of Global Banking for South

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Original Article By: https://techfinancials.co.za/2022/08/15/worlds-largest-crypto-exchange-binance-hires-finance-executive-to-lead-operations-in-south-africa/

Binance Says It Is Winning Crypto Clients Thanks To Inflation

Adoption, Binance / Leave a Comment

  LIMA August 10 – Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers. “Now that we are seeing inflation ramping up worldwide, we are seeing that more

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Original Article By: https://www.reuters.com/technology/binance-says-it-is-winning-crypto-clients-thanks-inflation-2022-08-10/

Researchers Label Nigeria As The World’s Most ‘Crypto Obsessed’ Nation.

Country News, Nigeria / Leave a Comment

Nigeria is, according to a new research study, head-and-shoulders the most cryptocurrency curious country in the world.   The West African state is even out-shadowing current crypto hotspot United Arab Emirates as the place where its population is the most hungry for information about digital assets. The research, carried out by crypto price tracker CoinGecko, examined

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Original Article By: https://www.cityam.com/researchers-label-nigeria-as-the-worlds-most-crypto-obsessed-nation/

Africa’s first global blockchain bank hits 100k users

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Billed as the first global blockchain bank out of Africa, Xend Finance has just clocked 100 000 users on its savings platform while further opening it to local currencies in Ghanaian Cedis and Kenyan Shillings.   Backed by Binance and Google Launchpad, Xend Finance users will now be able to seamlessly convert their cryptocurrency back

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Original Article By: https://ventureburn.com/2022/06/africas-first-global-blockchain-bank-hits-100k-users/

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

Country News, South Africa / Leave a Comment

  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/

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