Hodlers thankful as Bitcoin is gainful: Bad Crypto news of the week
Everyone from the Wall Street Journal to the Queen of England has an eye for Bitcoin in this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
Nigeria
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Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Go to Source Powered by WPeMatico
Can blockchain make a difference? Africa sees vast monetary potential
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems. Go to Source Powered by WPeMatico
Nigeria hopes blockchain will generate $10B revenue by 2030
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general. Go to Source Powered by WPeMatico
Exploring the landscape of crypto regulations in sub-Saharan Africa
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry. Go to Source Powered by WPeMatico
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, … Read more
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
Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa
Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent to buy and sell digital assets. Investors in the new round include Polychain, venture capital firm Andreessen Horowitz, and Celo, … Read more