AFRICA Archives - Page 2 of 3 - The Unfolding of Money

News Exchange Watch

ByMarket DeskMay 27, 2023October 13, 2023

Nigerian Crypto Company Suspends Withdrawals After BTC and Naira Compromise

Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media. Patricia — a Nigerian gift card...

News

ByMarket DeskMay 16, 2023May 15, 2023

Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens

Zimbabwe seeks to use gold-backed crypto tokens to salvage the country’s economic situation. The Reserve Bank of Zimbabwe has dammed any potential consequences by...

News

ByMarket DeskMay 9, 2023May 9, 2023

Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar

Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem. Bitcoin (BTC) users...

News

ByMarket DeskMay 9, 2023May 9, 2023

Already 13 African Countries Utilize Ripple And XRP: Report

The “African Blockchain Report 2022” report by CV VC in collaboration with South Africa’s Standard Bank reveals that Ripple and XRP are already utilized...

News

ByMarket DeskMay 8, 2023October 24, 2023

Nigeria Greenlights National Blockchain Policy to Boost Digital Economy

Nigeria has approved a National Blockchain Policy to boost its digital economy. A broad range of industries will employ this technology. Nigeria has taken...

News

ByMarket DeskMay 6, 2023May 6, 2023

Zimbabwe Sets Price to Sell Gold-Backed Digital Tokens

Zimbabwe’s central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporations. Zimbabwe’s central bank has set a price...

News

ByGlobal DeskFebruary 20, 2023February 20, 2023

Zambia Takes First Steps in Establishing African Crypto Tech Hub

Zambia has become the latest African nation to embrace the digital economy after announcing it was testing technology to enable the regulation of cryptocurrencies....

Adoption

ByGlobal DeskDecember 7, 2022December 6, 2022

Nigeria Bans ATM Cash Withdrawals Over $225 a Week to Force Use of CBDC

The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions. Nigeria has drastically reduced...

News

ByMarket DeskDecember 6, 2022December 6, 2022

Jack Dorsey-Backed East African Bitcoin Miner Gridless Raises $2M

Dorsey’s Block and bitcoin venture-capital firm Stillmark co-led a seed funding round. Gridless, a bitcoin mining company that helps generate new sources of energy...