Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform
The Pan-African Payment and Settlement System has officially launched a currency marketplace aimed at reducing reliance on the U.S. dollar for intra-African trade. No Hard Currency Involved The Pan-African Payment and Settlement System (PAPSS) has launched the African Currency Marketplace, a major step toward reducing reliance on the U.S. dollar for intra-African trade settlements. This […]
Africa’s Stablecoin Boom: An ‘Economic Lifeline’ for Emerging Markets
The founder of an African stablecoin association said he supports BitMEX founder Arthur Hayes’ claim that one-third of Nigeria’s GDP is conducted in USDT. He emphasized that stablecoins are a vital economic lifeline for emerging markets and marginalized communities. Stablecoins an Economic Lifeline A founder of a Nigerian stablecoin platform has backed BitMEX founder Arthur […]
‘Pump-and-Dump’ Alert: Nigeria Cracks Down on Meme Coins
The Nigerian securities regulator has issued a warning against Zugacoin and Samzuga GPT, labeling them as unauthorized crypto operations. Memecoins Tied to Pump-and-Dump Schemes The Nigerian Securities and Exchange Commission (SEC) has issued a public warning, labeling Zugacoin and Samzuga GPT as unauthorized crypto operations. The commission stated that the promoters and issuers of these […]
Tether’s CEO: Stablecoins Are Key to Financial Transformation in Africa
Tether has made a strategic investment in a pan-African blockchain financial solutions provider to enhance cross-border payments and global liquidity for African businesses. Stablecoins: The Heartbeat of Financial Transformation Stablecoin issuer Tether announced June 5 that it had made a strategic investment in Shiga, a pan-African blockchain-based financial solutions provider. This collaboration is expected to […]
Stolen Crypto Traced: Ugandan Police Arrest Suspect in Blockchain Educator’s Abduction
Ugandan law enforcement has arrested Phineous Biira, a suspect in the abduction of crypto educator Festo Ivaibi on May 17. Suspect Has Criminal Record Ugandan law enforcement has arrested one of the suspects involved in the abduction crypto trader and educator Festo Ivaibi on May 17. The arrest occurred after forensic experts traced the stolen […]
Hashgraph Association Launches Hackathon to Empower 10,000 African Developers, Drive Innovation
The Hashgraph Association and the Exponential Science Foundation have launched a hackathon aimed at empowering Web3 developers in Africa. Participants to Build Decentralized Solutions on Hedera Network The Hashgraph Association, a Swiss nonprofit promoting Hedera adoption, and the Exponential Science Foundation have announced the launch of the Hedera Africa Hackathon 2025. The initiative aims to […]
Crypto Abduction Threat Spreads to Africa; Ugandan Founder Targeted
The founder of the Ugandan blockchain and crypto education institution Mitroplus Labs was abducted by armed criminals posing as law enforcement. The criminals demanded $500,000 and access to the founder’s cryptocurrency wallets. Crypto Abduction Threat Spreads to Africa On May 17, Festo Ivaibi, founder of the Ugandan blockchain and crypto education institution Mitroplus Labs, became […]
Sam Altman’s World Ordered to Stop Biometric Data Collection in Kenya
The Kenyan High Court has ordered Sam Altman’s World to cease processing, collecting or dealing in biometric data without conducting a Data Protection Impact Assessment. The order also requires Worldcoin to permanently delete biometric data collected in Kenya without proper assessments within seven days. Worldcoin Activities in Contravention of Data Protection Laws The Kenyan High […]
Ripple Deploys RLUSD in Kenya as Blockchain Aid Faces Real-World Drought Test
Ripple’s blockchain-powered RLUSD will instantly disburse aid to Kenyan pastoralists facing drought, using satellite data and smart contracts to automate, trace, and optimize relief. Ripple’s RLUSD Brings Instant Relief to Kenya With Blockchain-Driven Auto Payouts Ripple unveiled a new blockchain-based drought relief initiative on April 4, targeting arid communities in Kenya’s Laikipia County. Collaborating with […]
Experts Warn: Africa’s High Crypto Adoption Rate Attracts Cybercriminals
Africa is facing a surge in cyberattacks where hackers hijack social media accounts of prominent figures and institutions to promote fake cryptocurrencies. Some experts recommend educational campaigns to teach users how to verify token promotions. Compromised Accounts Used in Crypto Fraud Promotions Africa faces a growing threat from hackers who are hijacking the social media […]