Just hours after an anonymous source claimed India would issue a blanket ban on all cryptocurrencies, Jack Dorsey and Jay-Z announced a 500 Bitcoin development trust. Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the…
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The fintech firm hopes to expand financial products for the unbanked. Africa-focused but U.S. based unified financial data platform Pngme this week announced its successful seed funding round raised $3 million. The investment was led by Radical Ventures, Raptor Group, Lateral Capital, and EchoVC. It was actually closed in the third quarter of 2020 and…
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Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa. Electroneum has announced the expansion of its service coverage to four additional West African countries — Benin, Togo, Côte d’Ivoire, and Sierra Leone. The move brought the company’s African service coverage to nine nations with Nigeria,…
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The CEO of Cardano developers IOHK sees a promising path towards DeFi adoption throughout the world’s second-most populous continent In one of his frequent Youtube missives to his following, CEO of IOHK — the developers behind the Cardano Blockchain — Charles Hoskinson revealed that the company’s long-term developmental focus will hinge on Africa, going so…
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Stablecoins and continentwide regulations are key to breaking down barriers to Africa’s economic growth. As global interest in stablecoins explodes, a number of key players are pushing especially hard for more adoption in Sub-Saharan Africa. On Thursday, the Center for Strategic and International Studies’ Africa Program published new analysis advocating more options for crypto users…
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The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Following the announcement of a disappointing closure of a Ugandan subsidiary in October, Binance — the world’s largest cryptocurrency exchange — released a blog post yesterday indicating that another initiative, Binance P2P, is making strong inroads across the world’s second-most…
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As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems. As technological innovations continue to spread across Africa, the continent could provide some unique use cases for blockchain technology. African has been continually driving innovation in a number of spaces, with mobile payments a prime example of…
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The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change. Today the Chainlink Community Grant program announced funding for a low-cost insurance collaboration between Etherisc, a decentralized insurance protocol, and ACRE Africa, a microinsurance issuer focused on the second-most populous continent on the planet. …
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“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general. The director-general for Nigeria’s National Information Technology Development Agency, or NITDA, has said that the country could potentially expect a revenue stream between $6 billion to 10 billion from blockchain technology in the next ten…
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The world’s largest crypto exchange announced two subsidiary suspensions within one month. The world’s largest cryptocurrency exchange is launching a new affiliate program in Africa after announcing the termination of its Uganda-based service. On Nov. 3, Binance officially announced the launch of the Binance Africa Affiliate Program, which aims to promote Binance across the continent.…
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