Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Afri...
Tag: African
DPAT Allows Investments in the Growing African Economies
[PRESS RELEASE – Please Read Disclaimer] Although Asia, North America, and Europe have been at the forefront of innovation for the past several years and especially crypto adoption, more recent report...
Blockchain Africa Conference 2023: Gearing African businesses to compete in the global marketplace
The adoption of blockchain technology has gained traction in South Africa, Kenya, Nigeria and Ghana – resulting in more efficient and lower-cost cross-border payments to facilitate African businesses ...
DPAT: Building African Crypto Hubs
Advertisement     Creative and ambitious entrepreneurs are determining Africa’s future by grabbing blockchain and cryptocurrency opportunities. The new crypto project ...
South African rand outlook after the De Ruyter interview
The USD/ZAR exchange rate continued its bullish comeback as the outlook of the South African economy worsened. It jumped to a high of 18.50, the highest point since November 3. The South African rand ...
“Zambia is full of potential”: LBank backs ambitious African regulation plan
The Bank of Zambia (BoZ) alongside the country’s Securities and Exchange Commission is developing technology to regulate crypto, according to the country’s minister of Technology and Science, Felix Mu...
Central African Republic’s Sango coin experiences deposit downtime
Sango, the coin by the Central African Republic launched in 2022, may be experiencing issues with deposits, representatives for the project said on Telegram. “We have some fantastic news!&...
Pan African Resources share price is extremely oversold
Pan African Resources (LON: PAF) share price crashed to the lowest point since October 2021. The shares fell to a low of 14.32p on Wednesday, which was about 38% below the highest point in 2022. This ...
South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution – Bitcoin News
Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For ...
African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops – Fintech Bitcoin News
Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($...
FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners – Africa Bitcoin News
The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the p...
South African rand braces for more weakness
The USD/ZAR exchange rate continued its bullish run after the US published stronger-than-expected consumer inflation numbers on Tuesday. It drifted to a high of 18.00, which was the highest point sinc...
How FTX Roped African Students Into Trading On Its Platform
African victims are speaking up about FTX after a variety of promotional schemes lured them into putting their money into the now-defunct industry giant. One such deal was an ambassador program promi...
South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores – Africa Bitcoin News
Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now...
Three Youth-Led African Agritech Businesses Receive Investment To Help Scale Up African Agriculture
Three African youth-led Agritech businesses— Kenya’s DigiCow, Botswana’s Brastorne Enterprises and Nigeria’s ThriveAgric— will receive mentorship and $1.5 million in grants to help them to aggressivel...
South African Retail Giant “Pick N Pay” Now Accepts Bitcoin in all of its 1,628 Stores
The development comes three months after the retailer announced that it was already testing out Bitcoin payments at 39 designated outlets. Pick N Pay, a leading South African grocery retail giant, has...
Binance Charity Announces 1000 African Scholars In Collaboration With Utiva
Paris, France, 27th January, 2023, Chainwire Binance Charity, the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, and Utiva, a technology educa...
Central African Republic Sets Up Committee Tasked With Drafting Crypto Bill
– Advertisement – The Central African Republic (CAR) president, Faustin-Archange Touadéra, recently said his government has established a 15-member committee tasked with creating a compreh...
Central African Republic Sets Up Committee Tasked With Drafting Crypto Bill – Africa Bitcoin News
The Central African Republic (CAR) president, Faustin-Archange Touadéra, recently said his government has established a 15-member committee tasked with creating a comprehensive legal framework that go...
Bitcoin mining brings more than money to this East African country
A Bitcoin (BTC) mining project that taps into clean, stranded and excess hydro energy in Malawi, a landlocked country in southeastern Africa, has picked up steam. The company behind the project, Gridl...
New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning – Africa Bitcoin News
Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Inf...
Florida Rejects AP African American Studies Course—Here’s What It Actually Teaches
Topline Florida has drawn widespread controversy for rejecting an AP African American Studies course that Gov. Ron DeSantis (R) and his administration claim “lacks an educational purpose” and pushes a...
The Central African Republic Appoints a Committee to Design Crypto Legislation
One of the poorest countries – the Central African Republic (CAR) – formed a team of 15 agencies, whose responsibility will be to draft a “comprehensive” cryptocurrency bill. The nation made the headl...
South African Crypto Ads Must Now State Investments ‘May Result in Loss of Capital’
Companies, celebrities, and influencers who hawk crypto will soon have to warn potential buyers that the investments they peddle may lead to financial ruin—at least in one jurisdiction. On Monday, So...
Central African Republic Working on Legal Framework For Cryptocurrencies
4 hours ago | 2 mins read Bitcoin News CAR’s various ministries have all contributed 15 experts to the committee. Nigerian crypto exchange Roqqu has received a virtual currency license EEA. A 15-perso...
Central African Republic Appoints 15-Member Committee to Draft Crypto Bill
The committee is made up of top experts from about five government ministries in CAR. The Central African Republic (CAR) has intensified efforts to boost its economy by developing a robust regulatory ...
Central African Republic(CAR) sets up 15-member committee to draft crypto bill – Cryptopolitan
The Central African Republic (CAR), a growing nation in the heart of Africa, has created a committee composed of 15 members to develop and pass legislation regarding the utilization of cryptocurrencie...
Central African Republic creates task force to draft crypto bill
The Central African Republic (CAR) government has given a 15-member team the task of drafting a crypto bill. The crypto committee is required to develop a legal structure and an ecosystem model for it...
Central African Republic eyes legal framework for crypto adoption
Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region. Acco...
East African Community to Decide on Regional Central Bank Launch in 2023 – Africa Bitcoin News
The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter ...