News about AFRICA

News about Africa

Crypto adoption in Africa

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African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates

An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised...

Africa's largest cryptocurrency exchange Luno is looking to expand into the U.S.

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Valr Becomes Latest South African Exchange to Exit Crypto Arbitrage Market

Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close it...

South African Regulator Urges Public to Be More Cautious When Dealing With FTX, Bybit

The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD)...

Tanzanian Fintech Raises $10 Million, Plans to Enter 12 More African Countries

A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an expansion into other African countries. Fintech Plans to Enter 12 More Countries by Year’s End The Tanzan...

Africa is leading the way for global Bitcoin adoption ????

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#Binancestopscamming is trending on twitter, is Binance really scamming Africans?

submitted by /u/vipin_tim [link] [comments]

Crypto adoption in Africa grows by 1200%

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Binance ads on african cup of nations

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Crypto firms ignore Africa at their peril as continent set for major adoption

Experts believe that Africa is primed to lead the next wave of global crypto adoption. Even though the digital asset market seems to be witnessing a bit of a lull at...

New Payment System Seeking to Bolster Intra-African Trade Goes Live

A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of t...

Crypto-loving anti-vax group seeks like-minded talent to live in African 'paradise'

It's unclear what role crypto may play in the community, given that Tanzania's central bank banned digital assets in November 2019. A group of people who have claimed...

a16z, Google lead $20M investment in Africa Web3 game publisher Carry1st

According to Alphabet CEO Sundar Pichai, Africa will be home to 300 million new internet users in the next five years. Web3 and social games publisher Carry1st has r...

Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin

The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated i...

MTI Mastermind Arrest: Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa

With Johann Steynberg now in custody in Brazil, a lawyer has suggested that South Africa may have to resort to an existing legal assistance agreement with Brazil if it wishes to have the CEO extradited. However, the success of any such extradition wi...

Report: Morocco Now North Africa’s Leading P2P Crypto Trading Nation

In the year 2021, Morocco, which previously announced measures restricting crypto trading, became North Africa’s leading crypto-trading nation after its peer-to-peer (P2P) trade volumes surged to $6 million. Morocco in Africa’s To...

Binance Announces Sponsorship Deal for African Cup of Nations

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Report: Fintech Firms Received 62% of the $4.9 Billion Raised by African Tech Companies in 2021

Fintechs account for nearly two-thirds of the $4.9 billion that was raised by African technology firms during the past year. Fintech groups also dominate in terms of funding that exceeds $50 million, with a 40% share of the total number of tech firms...

Binance Announces Official Sponsorship Deal for African Cup of Nations

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Morocco is number one for Bitcoin trading in North Africa

The Kingdom of Morocco is the leader for Bitcoin trading across North Africa in 2021— despite its illegal status. Estimates from Triple A, a Singaporean cryptocurrency...

Binance Becomes Official Sponsor of the TotalEnergies Africa Cup of Nations (AFCON 2021)

Binance is thrilled to announce that it is an official sponsor of the 2021 TotalEnergies Africa Cup of Nations (AFCON) tournament, taking place from January 9 till February 6, 2022 in Cameroon. What To Expect This sponsorship deal will make Binanc...

Binance sponsors AFCON to further develop crypto adoption in Africa

Binance partners with the Confederation of African Football to sponsor the TotalEnergies African Cup of Nations tournaments. Monday marked the start of the TotalEnergi...

Investors in Collapsed South African Crypto Platform Push for Jailing of Africrypt Directors

A group of investors in Africrypt are reportedly pushing to have criminal charges pressed against directors of the now-defunct cryptocurrency investment platform. Opponents of the move have argued that this push is unlikely to succeed because many of...

2 bananas, 591 sats ($0.25 / R4) and a Lightning Network fee of just 1 satoshi. Using @MuunWallet in South Africa's township.

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