Uganda's Bitcoin trading volume ranged between $50,000 and $60,000 monthly, despite there existing a ban imposed by the government
Noah Baalessanvu, a crypto...
According to the African Governance Report(2019), Africa's poor governmental system is the primary downfall of its economic growth.
Implementing a blockchain-based solution can...
Binance has held over 50 community-based events across Africa with KOLs, merchants, users and other stakeholders.
Showmax is highly popular within the continent,...
CAR announced that individuals could attain CAR citizenship by bonding $60000 worth of Sango tokens for five years.
The organization behind the launch...
Mouloukou Sanoh founded the Cassava Network, an African-based Web3 platform, to improve crypto and blockchain adoption
Cassava Network has signed a partnership contract...
As the FTX crypto exchange tries to recover from last year's crash, it has turned its attention towards Africa's crypto ecosystem. In search of more African crypto ambassadors, FTX is now targeting the high youth count within the continent. They stated that each student that referred their fellow peer to trade with the already bankrupt crypto exchange would receive a 40% commission. Some claim this is a strategic move from the former titan to gain momentum through African crypto traders. Others claim it is a mere act of desperation.
A nationwide survey showed an estimated 1257 crypto owners exist among 100,000 people.
Virtual Asset Service Providers or VASP companies must have a...
Approximately 22 million people comprise the total trading volume in Nigeria.
Megasley created a Bitcoin Lightning node and successfully operated it...
So far, only a small portion of the population represents crypto adoption in Africa. If this trend continues, Africa is poised to be the next frontier of cryptocurrency adoption. Comparing the number of cryptocurrency owners against the country’s entire population across leading markets on the continent reveals that only 8.52 per cent of Kenya’s population is actively involved in crypto trading. South Africa, Nigeria, and Ghana follow closely at 7.11, 6.31, and 3.01 per cent, respectively. Consequently, many people remain curious to know how the crypto industry has transformed the payment landscape in Africa and the factors that have influenced the growth of crypto trading across Africa, even ahead of leading global markets.
