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The head of a Nigerian regulatory body warns that widespread gambling and crypto trading are diverting funds from the capital markets, undermining efforts to finance the country’s $150 billion infrastructure deficit. Capital Market vs. Risk Taking The Nigerian Securities and Exchange Commission (NSEC) is voicing concerns that the growing preference of residents for gambling and … Read more
HRF’s Bitcoin Development Fund awards 1 billion satoshis (10 BTC) to projects supporting privacy, decentralization, and dissidents. The Human Rights Foundation (HRF) announces 1 billion satoshis in grants from its Bitcoin Development Fund (BDF), funding open‑source development, censorship‑resistant communications, mining decentralization, and financial privacy projects across Asia, Africa, and Latin America. Grantees include Nymius, Daniela … Read more
The Nigerian government has reportedly formed a working group to explore the adoption of stablecoins. The New Stance on Digital Assets The Nigerian Federal Government has reportedly formed a working group to explore the adoption of stablecoins, signaling a significant shift toward embracing digital currencies. This initiative, announced by Central Bank of Nigeria (CBN) Governor … Read more
Tether has made an undisclosed investment in Kotani Pay, an African fintech platform connecting Web3 users with local payment channels. Strategic Partnership to Drive Financial Inclusion Stablecoin issuer Tether has announced a strategic investment in Kotani Pay, a leading African fintech platform that bridges Web3 users with local payment channels. The move marks a significant … Read more
Ripple’s latest move in Africa signals a bold stride for digital finance, teaming with Absa Bank to deliver institutional asset custody in South Africa and expand its blockchain infrastructure footprint across rapidly growing global markets. Ripple Expands in Africa With Major Custody Deal Ripple is advancing its presence in global finance as demand for blockchain-based … Read more
Kenya’s Parliament has passed the Virtual Asset Service Providers (VASP) Bill at its Third Reading, sending the comprehensive digital asset regulation to President William Ruto for assent. Integrated Oversight and Licensing Kenya is one step away from enacting its first comprehensive law to regulate digital assets after the National Assembly passed the virtual asset service … Read more
Ripple’s RLUSD stablecoin is unlocking a new era of financial access in Africa, driving faster payments, beating inflation, and bridging banking gaps with blockchain precision. Ripple Partners Trigger RLUSD Wave Across Africa Africa is experiencing a rapid pivot toward digital money, with stablecoins emerging as vital instruments to address inflation, remittance costs, and limited banking … Read more
Sub-Saharan Africa saw a major spike in crypto activity in March, reaching $25 billion in monthly on-chain volume—driven largely by Nigeria’s centralized exchange usage. Nigeria Fuels Sub-Saharan Africa’s Crypto Growth In March, Sub-Saharan Africa (SSA) saw a sharp surge in cryptocurrency usage, with monthly on-chain volume reaching nearly $25 billion, its highest since the beginning … Read more
Chipper Cash said its bitcoin payments platform, powered by Voltage’s lightning infrastructure, now routes over 50% of its bitcoin transactions via the lightning network, marking one of the largest real‑world lightning deployments to date. Founded in 2018, the pan‑African fintech offers remittances, cross‑border payments, virtual Visa cards, stock investing and stablecoin rails. Lightning integration has … Read more
South African financial firm Altvest Capital plans to raise millions to buy bitcoin and create a crypto treasury reserve. Altvest Capital to Rebrand as Africa Bitcoin Corp A South African financial services company, Altvest Capital, has announced plans to raise millions of dollars to purchase bitcoin and establish a crypto treasury reserve. While several reports … Read more
