Africa Crypto News
CFTC charges Mirror Trading International with alleged fraud of $1.7 billion worth of Bitcoin
The Commodity Futures Trading Commission filed fraud charges against Mirror Trading International for allegedly defrauding users of $1.7 billion worth of Bitcoin.
CAR’s President announces crypto-hub “Sango” launch date
When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.
CAR’s president remains unfazed by the crypto market downturn
The president of Central African Republic hints at his continued support for bitcoin in a tweet despite the negative state of the crypto market.
Central African Republic to tokenize natural resources
The president has directed the parliament to prepare a strategy that will create investment opportunities in the country.
Kenya invites Bitcoin mining firms to tap surplus geothermal power
Several companies have approached KenGen, asking to set up their mining farms in its main geothermal power station in Olkaria, Naivasha.
Why the Central African Republic intends to press ahead with Bitcoin
Critics say Bitcoin as legal tender in the Central African Republic will only benefit the elite, but President Faustin-Archange Touadéra explains why it's the only option left for his impoverished nation.
Algorand funds FlexID to offer Africa’s unbanked self-sovereign IDs
This funding deal is under Algorand’s impact category, which picked out FlexID as a catalyst for global financial inclusion.
Nigeria and Developing Africa Group ink deal to launch a crypto project on Algorand
The project seeks to enable the international commercialization of all IP forms created and registered within Nigeria.
Central African Republic wants to launch Africa’s first legal Bitcoin investment platform
President Faustin-Archange Touadera has said that the traditional formal economy does give his country a chance to be competitive.
Report: African crypto startups venture funding grows by over 1000% in 2022
Most venture capital funding in the region has gone to fintech companies and crypto exchanges.
IMF raises concerns over the Central African Republic’s adoption of Bitcoin as legal tender
The IMF has raised concerns over the Central African Republic's adoption of Bitcoin as legal tender due to the lack of a "robust" payments system in the country.
Central African Republic adopts Bitcoin as legal tender
Despite initial opposition, the National Assembly of CAR unanimously passed the bill to recognize Bitcoin as a legal tender.
Inflation is driving crypto adoption in emerging economies
Crypto adoption in countries like Sudan, Syria, and Lebanon is being affected by low access to internet.
3AIR – The token that helps Africa
3air has begun the final round of its public presale - Live from March 31st to April 7th.
Akoin integrates Fireblocks to enhance crypto wallet’s security, custody capabilities
Akoin has partnered with Fireblocks to leverage its technology and enhance Akon wallet's security and custody capabilities in preparation for wider Pan-African adoption.
Here’s the first multi-CBDC settlement project and participating countries
Australia, Malaysia, Singapore and South Africa will be participating in the multi-CBDC platform pilot led by the Bank of International Settlements.
Oil giant Exxon Mobil uses Bitcoin to “reduce” greenhouse gas emissions
The oil giant could be mining up to 84 BTC per month using waste gas at their North American oil plants according to leaked information
Cardano founder set to reveal the future of finance at the Inevitable World Summit 2022
Charles Hoskinson will talk about the future of finance, with Africa expected to feature heavily in his presentation.