The average trading volume declined 58.7 percent, from US$33.4 billion in the first quarter to US$13.8 billion in the second quarter. Bitcoin experienced...

DeFi has made it cheaper, more reliable and more decentralized to handle one's resources without the weight of heavy charges and the involvement...

Stablecoins remittances in Sub-Saharan Africa can be up to 20 times cheaper than standard money transfers.

Integrating cryptocurrencies with conventional financial systems becomes increasingly essential as they become more commonplace. This presents several obstacles to overcome before cryptocurrencies can realise their full potential. For instance, traditional institutions may be hesitant to work with cryptocurrencies due to concerns about money laundering and other illicit activities. Moreover, the technical difficulty of integrating cryptocurrencies with existing banking systems can prove intimidating.

Yellow Card and Tether are hosting a crypto education tour setting their sights on African Youth Market. Yellow Card is among the top...

Unlike most cryptocurrencies, such as Bitcoin or Ethereum, known for their price volatility, stablecoins aim to minimize fluctuations in value and provide stability...

The dollar still maintains its dominance with a margin, with 60 per cent of foreign exchange reserves supported by central banks held in...

Nigeria, commonly known for its rapid growth in Africa's digital economy, was the first African country to roll out a CBDC, the eNaira....

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.

In summary, maturity and stability await DeFi in 2023, having seen a solid bullish phase and a gruelling bearish slump in 2022. Although any new technology has its ups and downs, the time is ripe for stable growth based on wisdom gained through the experiences of 2022.

Crypto regulation should strike a balance by implementing a registration and licensing regime to enable the exchanges or custodians to legally serve consumers within that market, strengthening consumer protection rules and eliminating market manipulation tactics.

The lack of change from service providers and poor services for individuals who rely on their systems has driven many to transition to financial technology to save time and money.

Trademark attorney Mike Kondoudis stated that Western union had filed crypto-related trademark applications with the United States Patent and Trademark Office. Western Union...

The world has seen the creation of a new category of digital assets in recent years. The assets range from shitcoins to NFT, stablecoins to Central Bank Digital Currency (CBDC), and a new sort of legal personality (DAO) and Metaverse. Digital assets are establishing a new legal, financial, and social paradigm in Africa, with Cameroon playing a crucial role.

Tether is a "stablecoin", which refers to a digital currency whose value is directly tied to tangible world assets such as valuable minerals(gold...

During market turmoil, experts recommend the application of caution when it comes to crypto investing. Utilizing crypto as the only method for protecting assets from inflation would be imprudent. With time, blockchain technologies will improve, resulting in increased stability and the use of crypto as a hedge against inflation. The equipment is already in place.