South Africa’s financial regulator issues warning against Binance
South African authorities are the latest to warn against using Binance, saying the exchange is not authorized to operate in the country. Go to Source Powered by WPeMatico
Africa
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Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals
Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume of Illicit Crypto Transactions Among the world’s … Read more
Ghana’s digital cedi must emulate cryptocurrencies, Afroblock states
Afroblocks co-founder urges Ghana’s central bank to involve the in-house crypto experience and expertise to help e-cedi succeed. Go to Source Powered by WPeMatico
Akon’s Akoin pilot heralded success, eyes countrywide rollout in Kenya
MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya. Go to Source Powered by WPeMatico
Porsche to Sell Exclusive Design Sketch as Non-Fungible Token
Porsche has announced its first NFT auction following the recent launch of the token-based Fanzone platform. The German high-performance car maker will sell a unique design sketch as part of the pilot project. The proceeds will be used to fund a noble cause. Porsche to Auction NFT of New Design by Peter Varga German sports … Read more
Nigeria to pilot central bank digital currency in October
The Central Bank of Nigeria will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on October 1. Go to Source Powered by WPeMatico
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season. Go to Source Powered by WPeMatico
Africrypt turns sour on investors: Founders flee as court cases build up
Africrypt founders are still on the run as investors turn to legal action to try to recoup funds lost in South Africa’s latest cryptocurrency theft scandal. Go to Source Powered by WPeMatico
Investing in Africa
The global pandemic changed the way we think, act, work, and feel – hopefully for the better in terms of expanding our horizons on changing the status quo. This includes the world of startups and investing. It used to be a foregone conclusion that if you really wanted to make it in the startup world, … Read more
Jack Dorsey notes lobbying efforts to get Ethiopian gov’t to embrace Bitcoin
Ethiopian-based group Project Mano is lobbying the government to mine, hold, and link Bitcoin to the ETB or other legal tenders. Go to Source Powered by WPeMatico
