Tag: top news

Another stablecoin depeg: Is the Federal Reserve intentionally destabilizing cryptocurrency market?

The price of USDC fell to US$.0.8832 as of March 11, 2023,10:55 EAT, with the trade volume standing at US$19.48 billion The crypto...

A Bola Tinubu Presidency and the outlook of crypto in Nigeria

President Buhari stated that a properly managed e-Naira could add over US$29 billion to Nigeria’s GDP Mr Tinubu promised to create over one...

Nigerian Bitcoin Lightning Node finally Achieved

Approximately 22 million people comprise the total trading volume in Nigeria. Megasley created a Bitcoin Lightning node and successfully operated it...

South Africa’s Luno crypto exchange forced to cut of 35% of its staff to survive

Luno recently announced its plans to lay off 35% of its Workforce on the 1st of February. In 2020, DCG officially purchased...

The perpetrator of OneCoin Pyramid Scheme resurfaces

The Direct Selling Association in Norway was the first to identify the true nature of this organization as a pyramid scheme. A plush...

African-based Yellow Card launches new feature in its crypto app, Yellow pay

Yellow Card acquired $15 million and $40 million in its Series A and B funding. Yellow pay leverage the company's crypto exchange platform...

Obiex Finance, the fastest growing exchange in 2022 hails in Nigeria

Obiex Finance experienced a 200% growth in user base and a 600% growth in transaction volume within the same year. At the end...

Ethereum’s new meme token, Big Eye Token, set to overrun popular crypto tokens

Amid crypto winter Solana fell by at least 93%, and Ether's value reduced by at least 75%, while Dogecoin only lost about 55%...

Cardano in Africa partners with Emurgo to support cross border payments

Adaverse Accelerator is a Cardano ecosystem accelerator aggregating entrepreneurs, strategies and mentors innovators. Emurgo is the official commercial arm and a founding entity...

Carry1st, Africa’s gaming platform, closes a US$27 million funding

Carry1st is an entertainment company that leverages Africa's gaming industry, with its headquarters in Capetown It acquired s a $20 million series A...

Web3Africa.news partners with Onramper to launch fiat-to-crypto service on its platform

Web3Africa.news is the first pan-African Social Network and Web3 integrated platform with a primary objective of providing news, media and education, dApps, events,...

Recovery is in sight for the crypto industry in 2023

Of course, one of the exciting (if not frustrating) things about crypto remains its unpredictable nature. The foregoing provides a general overview of the crypto industry in 2023 (based on current trends). Nevertheless, it is almost certain that 2023 will also throw up more than a few surprises.

African-based Roqqu crypto exchange acquires a blockchain license to operate in Europe

Roqqu Crypto exchange finally attained its Europen virtual currency license Its headquarters are in Lekki, Lagos state Nigeria, and it has processed over...

Crypto recovery? Bitcoin starts the year above the US$20,000 mark

On January 16, Bitcoin  rose by 8.5% from $17k to US$23,382 Experts warn crypto traders to tread carefully as a decline in value...

Etherisc provides blockchain crop insurance for Kenyan Farmers

Etherisc, specializing in a decentralized protocol, collaborated with Microinsurance issuer ACRE Africa. to build a decentralized insurance platform where multiple actors could collaborate ...

Metropolitan Bank succumbs to crypto winter

Metropolitan Bank announced that it intends to end all crypto-related services due to the long-standing effects of the crypto winter The Metropolitan Commercial...