Africa

Opinion

The Headache of ‘Crypto Colonialism’

Pete HowsonJul 14, 2021

Blockchains can’t rebuild roads or end sectarian violence, famine or natural disasters.

Africa

Economic Union of 15 West African States Voices Concerns Over Crypto Volatility

Sebastian SinclairJul 8, 2021

Several other risks in the crypto markets were identified by the union's members including shallow liquidity and a lack of legal parameters.

Africa

Yele Bademosi Steps Down as CEO of Bundle Africa

Sandali HandagamaJul 30, 2021

Bademosi will be succeeded by Binance Africa director Emmanuel Babalola

Africa

Africa ‘Is Leading Global Cryptocurrency Adoption’: Paxful CEO

Sandali HandagamaJun 4, 2021

Paxful CEO Ray Youssef said all eyes should be on Africa right now.

Cardano

Ethiopian Education Minister Confirms Cardano Blockchain Partnership

Marc Hochstein Anna BaydakovaApr 30, 2021

Cardano builder IOHK said it is beginning to develop the code and does not expect to launch the project before 2022.

Africa

NFTs

The NFT Craze Is Helping Nigerian Artists Go Global

Sandali Handagama

Nigerian artists are minting NFTs, but they are cautious about the hype around them.

DeFi

DeFi Credit Union Platform Xend Finance Goes Live in Africa First

Sebastian Sinclair

Xend is the first DeFi protocol to launch from the African continent using the Binance Smart Chain.

Africa

Nigerians Turn to Stablecoins for Protection Against Inflation

Sandali Handagama

Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.

Nigeria

Nigeria Is Now Rewarding Citizens for Using Licensed Money Senders, Not Crypto

Tanzeel Akhtar

The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.

Jack Dorsey

Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India

Tanzeel Akhtar

"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.

Africa

Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban

Sandali Handagama

The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.

DeFi

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Sandali Handagama

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.