African crypto market

What Is Cryptocurrency? – NASDAQ

Cryptocurrency is decentralized digital money, based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 5,000 different cryptocurrencies in circulation, according to CoinLore. Though you can use crypto to make purchases, many people invest in cryptocurrencies as they would in other assets, like stocks […]

Ripple bought over $45 million XRP in Q3

In Q3 2020, Ripple bought back $45.55 million worth of XRP–despite already owning nearly half of the total XRP supply. Rippleclaims they are “purchasing – and may continue to purchase – XRP to support healthy markets.” This reveals that the already struggling XRP digital currency would have an even tougher time in the markets if […]

FinTech Ripple picks DIFC for regional HQ

Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters at Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia region. Ripple has chosen DIFC for its innovative regulations, expansive network and reputation as a leading global financial centre. Ripple and DIFC are […]

Ripple opens regional office in Dubai following volatile Q3 for XRP

The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.  The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states […]

Nigeria hopes blockchain will generate $10B revenue by 2030

“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general. The director-general for Nigeria’s National Information Technology Development Agency, or NITDA, has said that the country could potentially expect a revenue stream between $6 billion to 10 billion from blockchain technology in the next ten […]

MoAfrika – Africa’s Biggest Online Tour Operator now Accepts Bitcoin

PRESS RELEASE. With relaxed restrictions on lockdown measures in numerous countries around the world, Africa has opened her doors to tourists on both national and international levels yet again – albeit with strict health regulations to ensure the safety of all personnel and visitors. Africa’s largest online tour operators, MoAfrika, offers tourists from around the […]

Africa’s Quiet Cryptocurrency Revolution

Cryptocurrency transactions in Africa are growing rapidly. On a continent that already embraces mobile money, virtual currency offers advantages for a young, tech-savvy population. Africa is undergoing an economic revolution that has nothing to do with banks and despite little sign of outdated economic policies being overhauled. Monthly cryptocurrency transfers to and from Africa under […]

Protecting investors vs. promoting innovation: A dilemma for Africa

Africa’s digital currency industry has been the fastest-growing in 2020, with the continent finally waking up to the vast opportunities that digital currencies offer. Led by Nigeria, Kenya and South Africa, the continent is now making its mark in the global digital currency map. While 2020 has been the year when Africa has exploded as […]

Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’

Zimbabwe Stock Exchange (ZSE) CEO Justin Bgoni says its recently licensed subsidiary, the Victoria Falls Stock Exchange is open to listing bitcoin and other cryptocurrencies. However, according to local media reports, any such listings are still dependent on the digital asset issuers getting “regulatory approval.” The report does not provide any details of requirements that […]

East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Без му́ки нет нау́ки.Adversity is a good teacher.Russian proverb Chainalysis recently published a new report […]

Scroll to top