African traders least likely to fall for crypto scams: Chainalysis
The region’s traders are highly aware of scams and avoid them. Go to Source Powered by WPeMatico
Africa
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Nigeria regulators recognize digital assets in stunning new statement
‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said. Go to Source Powered by WPeMatico
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent onchain in the last year. The total … Read more
Small value crypto transfers in Africa have increased by 55%
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year. Go to Source Powered by WPeMatico
Binance crypto exchange delists its own token on Uganda platform
BNB seems to have failed to meet certain standards on Binance’s Uganda platform. Go to Source Powered by WPeMatico
Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect … Read more
African crypto exchange raises $1.5M from Andreessen Horowitz and others
Crypto is truly a global asset class. Go to Source Powered by WPeMatico
Akoin Co-Founder Explains How $6B Futuristic Akon City Will Work
Akoin president Jon Karas says Akon’s crypto city could be the proving ground African economies need. Go to Source Powered by WPeMatico
High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’
Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. This was the same time as many countries implemented lockdown measures. Anecdotal evidence seems to suggest that Covid-19 related … Read more
Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018
The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume. Go to Source Powered by WPeMatico