Tag: africa

Mar 31 2021

Xend Finance – Africa’s First DeFi Platform Takes Off

In a first for the African continent, Xend Finance, a Nigeria-based decentralized finance (DeFi) platform, has launched their mainnet. The platform allows users to create cooperatives, as well as Esusu groups, a traditional method by which Africans rotate savings. Founded in 2019 by Aronu Ugochukwu and Abafor Chima, Xend Finance is a decentralized finance (DeFi) platform that provides tools and outlets for a...

Mar 16 2021

The Rising Popularity Of Bitcoin In South Africa

Mar 16 2021 Published at Bitcoin Magazine under tags  adoption africa culture south africa

A combination of factors makes South Africa a notable hotbed for Bitcoin adoption, even among a region that has embraced BTC.South Africa is, without doubt, one of the most advanced countries in Africa — if not the most advanced. The South African country has also become a popular hotbed for the digital currency market. In fact, it is considered by many to...

Feb 12 2021

Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India

Feb 12 2021 Published at CoinDesk under tags  africa coinflash fundings india jack dorsey

"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.

Feb 11 2021

Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban

The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.

Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization

Today, the Senate of Nigeria —which has similar legislative powers to the U.S. Senate — shared notes from its daily proceedings. Among the presentations of bills and reports was discussion of a recent reminder from the Central Bank of Nigeria (CBN) that financial institutions are prohibited from facilitating any accounts transacting with cryptocurrency exchanges. During that discussion, a Nigerian official made a...

Feb 09 2021

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Feb 09 2021 Published at CoinDesk under tags  africa business credit unions defi news

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.

Feb 08 2021

Canadian Crypto Lender Ledn Raises $2.7M for Emerging Markets Expansion

Feb 08 2021 Published at CoinDesk under tags  africa business funding rounds ledn lending

After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.

Feb 05 2021

Binance Suspends Deposits in Nigeria Following Central Bank Directive

Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.

Feb 03 2021

China Leads Africa’s Digital Currency Race

Feb 03 2021 Published at CoinDesk under tags  africa dcep opinion policy & regulation

With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.

Dec 22 2020

How The Use Of Bitcoin In Africa Continued To Grow In 2020

Dec 22 2020 Published at Bitcoin Magazine under tags  adoption africa eoy 2020

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here...

Dec 18 2020

Akon: Crypto Can Give Africa Financial Freedom

Dec 18 2020 Published at CoinDesk under tags  africa akoin akon opinion people

The revolutionary power of blockchain will play a significant role in the golden age of African development.

Nov 11 2020

African Startups Should Tokenize to Break Biased Funding Cycles

Nov 11 2020 Published at CoinDesk under tags  africa business opinion

Startup capital in Africa still favors foreign founders at the expense of homegrown projects. A proposal to break the cycle.

Nov 10 2020

West African Program Will Store Weather Data on Telos Blockchain

Nov 10 2020 Published at CoinDesk under tags  africa blockchain technology data ghana news

Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain. -

Sep 16 2020

What Does Nigeria’s Proposed Crypto Regulation Mean for Crypto in Africa?

While no details on the specifics of the regulations are available yet, the new rules could have big implications.

Know a good blog/source that is not listed? Contact us or fill the form below to add one: