News about AFRICA

News about Africa

African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion

Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, thi...

Leading African Conservancy to Raise Funds for Rhinos via Auction of Horn NFTs

Black Rock Rhino, a leading rhino conservancy in South Africa, is set to raise funds for the endangered species via the auction of rhino horn non-fungible tokens (NFTs). Auction Proceeds to Pay for Sanctuary’s Expenses In what has been billed...

Africa Leading Retail-Sized Bitcoin Payments Suggests Increasing Adoption

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‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elepha...

Nigeria is the first African country to introduce Central Bank Digital Currency - Blockbulletin

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South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies

South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by B...

Bitrefill launches in South Africa

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LBank: Focusing on Real Estate and Finance, SimbCoin Swap Is Making an Impact on the African Market

PRESS RELEASE. Blockchain that provides an environment of security, transparency and traceability is an innovative technology that applies in various kinds of life activities. For Africa, it is an opportunity for evolving and making changes. The Simb...

Stellar’s network to facilitate remittances between Europe and Africa

Stellar, the blockchain network dedicated to facilitating cheap cross-border financial transactions, is set to enable two more remittance channels between Europe and Africa. According to an announcement released October 25, the Stellar Development Fo...

Stellar To Launch New Europe-Africa Payment Corridor With This Partner Flutterwave

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Nigeria becomes first African country to roll out digital currency

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Stellar (XLM) to open new Channel for Africans to Move Money Outside the Country for Basically no Fees, Opposed to Using Western Union

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Stellar partners tap USDC for remittances between Europe and Africa

Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market. The Stellar Development Foundation (SDF) has announced...

Alleged South African Bitcoin Fraudster Makes First Court Appearance Since Arrest

Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate. Shezi out on Bail The bitcoin trader’s court appearance came just days afte...

Stellar To Launch New Europe-Africa Payment Corridor With This Partner

The Stellar ecosystem continues to expand. Today they have announced a partnership with global payments company Flutterwave to launch two new payment corridors between Europe and Africa. Related Reading | How Stellar’s $40M Investment In Tala Will Gi...

An African Blockchain Enthusiast Launches Expedition That Seeks to Highlight East Africa’s Potential

While the African continent is generally viewed as one of the most ideally placed to embrace and fully exploit the blockchain, the reality on the ground suggests otherwise. The East Africa Blockchain Expedition As Adedayo Adebajo, the managing direc...

African Blockchain Enthusiast Launches Expedition That Seeks to Highlight East Africa’s Potential

Credit Suisse will pay $400 million penalty over its role in a scandal that looted money from Mozambique and tipped the African country into economic crisis. But sure.. crypto is full of evil people who will cause the next financial crisis. ????

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Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders

One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband rep...

Fraud-Accused South African Bitcoin Trader to Turn Himself Over to Police: Report

Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute. Shezi: Shareholders Signed Up for Education, Not Investments Despite his rejection of th...

Cardano Subsidiary Emurgo in Partnership With Pan-African Venture Studio

Emurgo, the investment arm of Cardano, has partnered one of its subsidiaries with Adanian Labs, a pan-African venture studio that is focused on building a platform where African tech start-ups can thrive and access all key resources that allow them t...

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