The Central African Republic (CAR) has set up a task force to explore modalities for integrating its national crypto, called the Sango coin, into the country’s economy, according to a statement from t...
Tag: African
Bitcoin, Sango Coin and the Central African Republic
In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashi...
SEC Charges Former African Gold Acquisition Corp CFO for Setting up $5M Fraud Scheme
The Securities and Exchange Commission (SEC) recently charged a former Chief Financial Officer (CFO) of African Gold Acquisition Corp, Cooper J. Morgenthau, with spearheading a $5 million fraud scheme...
IMF calls for stiffer regulations in African crypto market
The International Monetary Fund (IMF) renewed calls for better consumer protection and regulation of the cryptocurrency industry after the FTX collapse and subsequent plunge in the prices of BTC, ETH,...
Central African Republic Delays National Cryptocurrency Launch
Central African Republic delays listing Sango Coin, the national cryptocurrency, despite Bitcoin being the legal tender. What can be the reasons? The Central African Republic is making headlines in th...
Central African Republic delays CBDC, cites unfavorable “market conditions”
According to a Reuters report, the Central African Republic (CAR) has publicly delayed its central bank digital currency (CBDC) due to adverse “market conditions.” The delay comes as the crypto indus...
Central African Republic delays the launch of its cryptocurrency “Sango” until 2023
An authoritative declaration revealed that the Central African Republic shall not be offering its digital currency, the sango coin, until the first quarter of 2023. The news was released through the ...
World Cup 2022 Was A Success For African Coaches. Otto Addo Says It’s Only The Start
Otto Addo, who managed Ghana at the 2022 World Cup and is a talent coach for Borussia Dortmund, … [+] hopes African managers will be given more opportunities at European clubs after an impressiv...
FTX-backed African Fintech Chipper Cash’ Valuation Falls to $1.25B
Exchange News Chipper Cash has also laid off as many as 50 workers. The $35 million investment from FTX is reportedly the cause of the fintech’s value decline. The valuation of Chipper Cash, one of th...
Morocco Defeats Portugal, Becomes First African Or Arab Country To Advance To Semifinals
Topline Morocco advanced to the World Cup semifinals on Saturday, defeating Portugal 1-0 and becoming the first Arab and African country to make it to the round of four in tournament history. Jawad El...
Morocco First-Ever African Team In The Last Four After 1-0 Win Against Portugal
DOHA, QATAR – DECEMBER 10: Youssef En-Nesyri of Morocco celebrates after scoring the team’s first … [+] goal during the FIFA World Cup Qatar 2022 quarter final match between Morocco ...
Jack Dorsey’s Block Co-Leads in $2M Seed Round in East African Bitcoin Miner
Gridless – a Kenyan-based Bitcoin mining company – has announced raising a $2 million seed investment round led by venture capital investor Stillmark and digital payments firm Block, Inc. According to...
South African Digital-Only Bank Launches Crypto Payments Gateway – Fintech Bitcoin News
A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat cu...
Bitcoin Lightning company Strike enables payments to 3 African countries
Strike, a payments platform built on Bitcoin’s Lightning network, enabled instant and low-cost payments to Nigeria, Kenya and Ghana for U.S. users through its “Send Globally” feature...
Asian And African Teams Have Best Ever World Cup Group Stage
Hwang Hee-chan of Korea Republic celebrates victory after the FIFA World Cup Qatar 2022 Group H … [+] match between Korea Republic and Portugal at Education City Stadium on December 02, 2022 in ...
BIS report finds uneven progress, differing motivations in African CBDC adoption
Mobile money has been a strong competitor to central bank digital currency (CBDC) in Africa, but many of the continent’s central bankers have greater faith CBDC, according to a Bank for International ...
African Crypto Industry Leaders’ Perspective and Advice to Regulators – Bitcoin News
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa,...
Asian And African Sides Are Opposites In Terms Of Head Coach Experience
Iran coach, Carlos Queiroz celebrates during the FIFA 2014 World Cup Qualifier match between South … [+] Korea and Iran at Munsu Cup Stadium on June 18, 2013 in Ulsan, South Korea. (Photo by Ami...
Mastercard Released A Report on African Fintech Sector Growth
Mastercard, a leading global payment fintech firm, recently released a study report on the “Future of Fintech in Africa,” in its October 2022 edition. The study report added about the early-mover Afri...
Major South African Supermarket Chain Accepts Bitcoin Payments (Report)
One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s ...
South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all stores nationwide
Pick n Pay, one of South Africa’s largest supermarket chains, is set to allow its customers to pay for items in all its stores using Bitcoin (BTC). According to South African-based tech news outlet Te...
South African Supermarket Chain Pick n Pay Starts Accepting Bitcoin Payments
Pick n Pay, a major supermarket chain in South Africa, announced on Tuesday that it now accepts Bitcoin as payments in its online store, according to a local media report. Customers can now pay with B...
Top South African Grocery Retailer ‘Pick n Pay’ to Start Accepting Bitcoin Payments
– Advertisement – Prominent South African consumer goods retail platform Pick n Pay will begin accepting Bitcoin and other cryptocurrencies as payment for goods. Pick n Pay will start ...
African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021 – Fintech Bitcoin News
In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding ...
Coinbase, Alameda-backed Mara launches African crypto wallet service
Some 2 million users in Nigeria and Kenya are set to be onboarded to a new cryptocurrency wallet backed by the likes of Coinbase Ventures and Alameda Research. Mara is a digital financial ecosystem p...
Nairobi-based FinTech Mara Launches African Crypto Wallet Service
A new crypto project called Mara has now been introduced to the African crypto ecosystem. This project is backed by Coinbase Ventures, FTX-affiliated Alameda Research, Huobi Ventures, and other promin...
South African crypto landscape primed for TradFi growth after FSCA ruling
South African financial service providers have been primed to offer cryptocurrency products and services to customers after regulatory amendments in the country. This comes after South Africa’s Financ...