News about AFRICA

News about Africa

South Africa Police Issue Arrest Warrant for Fraud-Accused Crypto Trader

Reports from South Africa say the country’s police have now issued a warrant for the arrest of Sandile Shezi, a 29-year-old cryptocurrency trader. The warrant was issued after one Allan Ledwaba, an investor with Shezi’s Global Forex Ins...

Start-up Raises $2 Million to Pioneer Cryptocurrency Usage in Francophone Africa

A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy...

Crypto Exchange Binance Terminates Some Services in South Africa After Warning by Regulator

Binance has announced that it is terminating some services in South Africa to comply with regulations. This move followed a warning issued by the South African financial regulator that Binance Group was not authorized to give any financial advice or...

Binance Ends Various Offerings to Clients in South Africa

submitted by /u/Some_won [link] [comments]

Regulation Key to African Fintech Sector Growth — New Study

According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these coun...

Binance Stops All Crypto Derivatives Offerings in South Africa

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"It's easier to pack a suitcase full of cash and take it to the country next door than it is to use the banking system" – Ray Youssef on why Bitcoin is a matter of HumanRights in Africa.

submitted by /u/PaxfulOfficial [link] [comments]

South African University to Commence Blockchain and Digital Currency Education in November

A South African university, the University of Cape Town (UCT) has revealed it will commence blockchain and digital currency classes starting in November. According to the institution, students that enroll and complete the $693 six-week course will be...

Cryptocurrencies Have ‘No Intrinsic Value’ Says South African Hedge Fund Guru

Jean-Pierre Verster, the founder of a South African hedge fund Protea Capital Management, has said he does not believe there is “intrinsic value” in cryptocurrencies. He insists that cryptocurrencies have “elements of...

How Binance Is Addressing P2P 'Pain Points' in Africa's Crypto Boom

submitted by /u/TobiHovey [link] [comments]

Pan-African Exchange Yellow Card Raises $15 Million in Latest Funding Round

Yellow Card, an Africa-focused crypto exchange platform, recently announced a capital raise of $15 million from its Series A funding round. The capital raise, which is Yellow Card’s largest, was led by Valar Ventures, Third Prime, and Castle I...

African countries are adopting crypto faster than their global counterparts

submitted by /u/Skeeedo [link] [comments]

Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital Currencies in Africa

The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for altern...

African crypto exchange Yellow Card closes $15M Series A

Africa has emerged as a bastion for cryptocurrency adoption. Venture capital is looking to capitalize on the growing trend. African cryptocurrency exchange Yellow Ca...

Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South African users will be able to buy, sell, and transfer cryptocurrencies like...

South African University Professor Urges Country to ‘Finalize Cryptocurrency Policy’ — Warns Against Resisting Crypto

A professor with the University of Johannesburg, Rabelani Dagada, has urged South Africa to finalize its cryptocurrency public policy if the country still wants to become a hub for digital currency innovation. History Will Repeat Itself I...

Fintech Firm Centbee Graduates From South African Regulatory Sandbox

Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fint...

African Weather Balloon Project Uses Blockchain to Track Climate in West Africa

According to the findings of one study, nearly 91% of deaths from natural disasters recorded between 1970 and 2019 occurred in developing countries. This study adds that such a high number of deaths is largely due to a lack of early warning systems a...

Africa’s crypto market has grown by $105.6 billion in the last year

https://www.weforum.org/agenda/2021/09/what-are-the-implications-of-widespread-cryptocurrency-adoption-in-africa/ submitted by /u/ParsleyAmazing3260 [link] [comments]

South Africa Ransomware Attack: Justice Department Denies Receiving 50 BTC Ransom Demand

South Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021. Reports of Ransom Demand Deemed ‘...

Western Union Charges 9% Tax on Every Transaction into Africa, Profiting of the Most Low Income People in the World: Crypto Fixes that

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Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed

According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as o...

Exciting collaboration between ConsenSys and SPENN Technology, who offers digital mobile banking and payment solutions for digital financial services in Africa. It's going to be big!

submitted by /u/Bender_J [link] [comments]

Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee bro...

SPENN Technology, a mobile banking technology provider democratizing access to digital financial services in Africa, partners with world leading ConsenSys to implement their superior next-generation Ethereum blockchain solution.