News about AFRICA

News about Africa

Central African Republic Reportedly Launches Crypto Coin, Bitcoiners Slam Move

Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal...

For Africa, By Africans: How Qala Is Building Bitcoin Developers - Bitcoin Magazine

“Bitcoin for Africa, by Africans” was the key theme at the Qala Bitcoin developer offsite event held earlier this month in Lagos, Nigeria. And that theme, as well as the event itself, spoke to one of the continent’s greatest opportunities today, as...

For Africa, By Africans: How Qala Is Building Bitcoin Developers

Qala Africa For Bitcoin Development - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights...

South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

H2O Securities, an infrastructural firm based in South Africa, generated $150 million to introduce crypto water tokens. The company landed the funds from the investment of GEM Digital, a global investment company. According to the operational plans o...

African infrastructure firm lands $150M to launch crypto water token

A new water delivery infrastructure system powered by cryptocurrency has received a massive investment from global investment firm GEM Digital. South Africa-based H20...

Central African Republic Launches National Crypto Hub Project Sango

The Central African Republic (CAR) has doubled down on its plans to embrace the technology underpinning Bitcoin with the recent launch of Project Sango, a National crypto hub. (Read More)

Central African Republic President: Crypto is key to financial inclusion | Reuters

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The Central African Republic Unveils Sango Project, Disappoints The World

The Sango Genesis Event was revealing. Apparently, the Central African Republic president is as confused as MiamiCoin Mayor Francis Suarez and New York Mayor Eric Adams. Both of them got elected under a bitcoin platform and changed tune pretty quickl...

Sango crypto hub goes live in the Central African Republic

Central African Republic President Faustin-Archange Touadera outlined that the Sango crypto hub project will foster financial inclusion by removing the barriers to entry in the banking se...

African celebrities join degens on the journey to the moon

Cryptocurrency is gaining popularity in Africa, and more celebrities are engaging. What are the potential impacts of this new phenomenon? African degens are on a journ...

U.S. CFTC charges South African company with record $1.7 bln bitcoin fraud

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Former Monero maintainer Riccardo 'Fluffypony' Spagni to surrender for South Africa extradition

Riccardo Spagni, the former maintainer of the privacy coin Monero also known as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities.In a Thursday court filing for the Middle District of Tennessee, Magistrate Judg...

Former Monero maintainer Spagni to surrender for South Africa extradition

Riccardo Spagni, the former maintainer of the privacy coin Monero (XMR), also known as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities.In a Thursday court filing for the Middle District of Tennessee, Magistra...

CFTC brings $1.7B fraud case involving Bitcoin against South African national

The United States Commodity Futures Trading Commission, or CFTC, has taken enforcement action against a South African national in what the regulatory body called its “largest fraudulent scheme involving Bitcoin.”In a Thursday announcement, the CFTC s...

CFTC Charges South African Bitcoin Club Mirror Trading International With $1.7B Fraud - CoinDesk

The top U.S. commodities watchdog charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud on Thursday, alleging the global, multilevel marketing scheme “misappropriated” all of the bitcoin it amassed....

Lending network enables transparent credit history in Africa via blockchain partnership

African mobile banking platform Aella has partnered with Creditcoin Network to make credit histories transparent by integrating all its transactions into Creditcoin’s public blockchain.In an announcement sent to Cointelegraph, Creditcoin said that al...

Central African Republic president launches crypto initiative following Bitcoin adoption

The Sango project’s plans include building a "legal crypto hub", expanding adoption of Bitcoin, and creating a “crypto island” — a special economic zone in the metaverse....

Namibian Educator: Low Level of Crypto and Blockchain Adoption in Africa Compelled Me to Write a Book

Blockchain and crypto enthusiasts have for years preached about the much envisioned mass adoption of this fintech and why this is an important goal that must be achieved sooner than later. However, many factors like ignorance, a lack of information,...

South African Crypto Investors Heavily Rely On Social Media For Industry Information, KuCoin Report Shows

South Africa has positioned itself as a key region for financial innovation. It is a region open to the development of new technologies, including cryptocurrencies and blockchain. New findings by KuCoin confirm South African crypto investors primaril...

Study: 7.6 Million South Africans Are Crypto Investors, Social Media Main Source of Crypto-Related Information

About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown. According to the study, 72% of the respondents said they get information...

What Did The Francophone Bitcoiners Recommend To The Central African Republic?

Remember the francophone Bitcoiners that visited the CAR a couple of weeks ago? Well, they released a “Report from the Bitcoin Delegation in the Central African Republic” and we’re about to summarize what it says. The “Bitcoin Delegation” issued the...

Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action

Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that...

Brazilian Judge Dismisses Bitcoin Scam Mastermind’s Attempt to Block His Extradition to South Africa

A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extraditi...

Why the Central African Republic adopted Bitcoin