Xago Technologies (Pty) Ltd, a financial technology company in South Africa, has announced the launch of Xago XUS, a stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, st...
Tag: African
Tezos starts fund to support African and Asian artists
The Tezos Foundation (XTZ/USD) has invested $1.23 million in a fund to collect non-fungible tokens (NFTs) created by African and Asian artists, Invezz learned from a press release. Photographer Misan ...
Central African bank regulator reminds member states of crypto ban, Reuters reports
Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuter...
Central African Bank Regulator Announces Nationwide Crypto Ban
The monetary authority in charge of regulating financial activities in Central Republic Africa announced on Friday its ban on cryptocurrencies in the country. The ban by the Central Bank came a few we...
Europe Looks To African Gas To Reduce Dependence On Russian Imports
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75% of the expected amount of gas produced by Russia in 2022, ac...
South African copper thieves are screwing up the future of electric vehicles
South Africa is by far the world’s largest producer of platinum, a precious metal that is among the rarest on Earth, and extremely valuable to the electronics industry. The country holds over 80% of t...
Central African Banking Regulator Says Crypto Ban Still Effective – Featured Bitcoin News
An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition ...
Central African Bank Warns Its Members of Crypto Restriction
On Friday, Central Africa’s regional banking organization issued a warning about its restriction on cryptocurrencies only weeks after the Central African Republic (CAR) declared bitcoin lawful money. ...
African Media Agency Establishes Crypto Partnership with Tech Next
Leading African PR firm African Media Agency is forming a partnership with Tech Next, a tech-based media enterprise that seeks to educate its readers on digital currency and blockchain trends. African...
MARA-backed by Coinbase to aid Central African Republic in Bitcoin adoption
Coinbase-upheld MARA will prompt bitcoin reception foundation in the Central African Republic The organization has prescribed CAR’s administration to handle the issues of web infiltration and distingu...
The South African Bitcoin Fraud Scheme Masterminds Asked To Pay Back Over $291M
MTI asked to pay back over $291 million to cover a fraud operations debt. This comes following an unsuccessful attempt of the liquidators to have the online trading platform declared an illicit ...
Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million – Regulation Bitcoin News
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam oper...
Is African Web 3.0 startup Jambo looking to become WeChat after $30M funding?
The startup company Jambo has received funding recently from distinct firms in order to follow its grand plans Six months ago, a company called Jambo was formed by James and Alice Zhang in the Democra...
Coinbase-Backed MARA Raises $23 Million To Build A Strategic African Crypto Exchange
Mara wants to build a pan-African crypto exchange that sits in the gap between regulators and crypto … [+] users to help drive crypto and blockchain adoption in Africa. MARA The last few years h...
Big Crypto Investors Pour Millions Into This African Startup
Democratic Republic of Congo-based crypto startup Jambo has raised $30 million in a Series A funding round with several notable investors. The six-month-old crypto startup has attracted high-profile i...
African Crypto Startup Raises $30 Million To Build A Web3 WeChat For The Continent
Jambo is hoping to build Africa’s first crypto super app getty In the past year, play-to-earn games like Axie Infinity have transformed the livelihoods of thousands of people, particularly in de...
Following El Salvador, the Central African Republic Declares BTC Legal Tender
The Central African Republic (CAR) has become the second country after El Salvador to declare bitcoin legal tender. Customers can walk into any store or company and purchase goods and services with bi...
Central African Banks Not So Favourable Of CAR’s Bitcoin Adoption
The governor of the Bank of Central African States issues a letter to CAR that talks about its crypto adoption. Seems like the Governor is not so inclined toward cryptocurrencies. The CAR’s adoption...
Nigerian firm Looty looks to repatriate stolen African art in digital form
Looty, a Nigerian art-oriented firm, has come up with a way for Africans to view all the art the continent lost during the colonial era. Chidi, a 34-year-old Nigerian creative designer and the founder...
African Central banks not happy with CAR bitcoin adoption
The Central African Republic’s decision to make bitcoin legal tender in the country has put many backs up. A letter from the central banks cites the decision as having a very negative impact on Centra...
The Central African Republic chastised for adopting Bitcoin
The governor of the Bank of Central African States (BEAC) has penned a scathing letter to the Central African Republic (CAR) regarding its decision to embrace bitcoin and other cryptocurrencies. The G...
Central African banks scold the CAR for Bitcoin adoption
The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adopt...
‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’ – Interview Bitcoin News
The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startu...
The IMF Expresses Concerns As the Central African Republic Legalizes Bitcoin
The Central African Republic recently made Bitcoin its legal tender. However, the International Monetary Fund (IMF) has expressed concerns about the decision, just as it did when El Salvador made a si...
Central African Republic Under Scrutiny By IMF Following Bitcoin Adoption
The Central African Republic is under scrutiny from financial analysts, entrepreneurs, and the International Monetary Fund (IMF), drawing unfavorable comparisons with El Salvador’s bitcoin project. Ac...
IMF Warns Of Serious Risks For Central African Republic’s Adoption Of Bitcoin As Legal Tender ⋆ ZyCrypto
Advertisement     According to a report by Bloomberg, despite CAR’s move being hailed by the crypto community as a progressive motion, the International Monetary Fund ...
IMF says Bitcoin adoption in Central African Republic poses risks
The International Monetary Fund (IMF) highlighted the difficulties that adopting Bitcoin as a legal currency for the Central African Republic presents for both the nation and region. The government an...
Central African Republic, Bitcoin adoption risky for IMF
The decision taken a few weeks ago by the Central African Republic (CAR) has been described as risky according to the IMF. CAR had announced that it was adopting Bitcoin as legal tender, alongside th...
IMF Concerned About Central African Republic’s Decision To Adopt Bitcoin (BTC) As Legal Tender: Report
The International Monetary Fund (IMF) is concerned about the Central African Republic’s recent decision to adopt Bitcoin (BTC) as legal tender. The IMF tells Bloomberg in a new email that the decision...
IMF Says Central African Republic’s Bitcoin Adoption Poses Risks – Featured Bitcoin News
The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal ...
After El Salvador, IMF Now Concerned of Bitcoin’s Adoption in the Central African Republic
After the Central African Republic (CAR) announced adopting Bitcoin as legal tender and legalized the use of cryptocurrencies last month, the International Monetary Fund (IMF) warned that such a move ...