Circle Goes Public, Market Wobbles, Nigeria’s New Law Gives Crypto Legal Clarity. This Week in Crypto
Market Update: A Red Week for Crypto The crypto market took a hit this week, with a downturn across major assets. Bitcoin (BTC) saw a 2.6% drop, settling below key resistance levels. Ethereum (ETH) wasn’t spared either, tumbling 5.3%, while Solana (SOL) took the biggest hit among top assets, declining 10%. The broader market also…
Bitcoin Mining in the Zambian Bush: How Crypto is Electrifying Rural Africa
Remote Zambia Hosts Africa’s Most Unlikely Bitcoin Mine In the rugged wilderness of northwestern Zambia, where the mighty Zambezi River thunders through the landscape, an unexpected symphony fills the air: the high-pitched hum of bitcoin miners at work. As reported by the BBC, this remote operation run by Kenya-based company Gridless represents a groundbreaking fusion of cryptocurrency…
South Africa Leads Africa in Merchant Crypto Payment Adoption in 2025, Ranks 6th Globally
South Africa has emerged as Africa’s leader in cryptocurrency payment adoption, boasting 584 merchant locations accepting crypto payments in 2025. This milestone not only establishes South Africa as the most crypto-friendly country in Africa for businesses but also secures its position as the sixth-largest globally in merchant crypto payment adoption. Global and African Crypto Payment…
Nigerian President Signs Investment and Securities Act 2024 into Law, Recognizing Cryptocurrencies as Securities
In a landmark move for Nigeria’s financial ecosystem, President Bola Ahmed Tinubu has signed the Investment and Securities Act (ISA) 2024 into law, formally classifying virtual assets and investment contracts as securities. This development places Virtual Asset Service Providers (VASPs), Digital Asset Operators (DAOPs), and Digital Asset Exchanges under the regulatory oversight of the Securities…
Quidax Partners with Tether to Drive Blockchain Education in Nigeria and Ghana
In a groundbreaking move for Africa’s crypto education landscape, Quidax, a regulated Nigerian cryptocurrency exchange, has announced a strategic partnership with Tether ($USDT), the world’s largest stablecoin issuer. This collaboration aims to promote blockchain literacy and financial inclusion, equipping individuals and businesses with essential knowledge about Bitcoin, stablecoins, and digital finance, starting with Nigeria and…
Ripple Partners with Chipper Cash to Expand Crypto-Enabled Cross-Border Payments into Africa
Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a groundbreaking partnership with Chipper Cash, a leading Africa-focused payments provider. This collaboration will leverage Ripple Payments, Ripple’s crypto-enabled payments solution, to facilitate seamless cross-border transactions into Africa, making international money transfers faster, cheaper, and more efficient. Revolutionizing Cross-Border Payments in Africa…
Whale Bets, Ripple’s Legal Win & FATF Crackdown: This Week in Crypto
Welcome to this week’s TawkWrap, where we break down the latest happenings in the crypto world—from market action to major African crypto news, and everything in between. Grab your favorite drink, sit back, and let’s dive into the most exciting stories making waves this week! Market Price Action: Bullish Trends Amid Volatility The cryptocurrency market…
Ghana’s President John Mahama Confirms Social Media Hack, Denies Crypto Endorsements
Ghana’s President, John Dramani Mahama, has confirmed that his official social media page was compromised and used to promote a fraudulent memecoin scheme. The president has since regained control of the account and has ordered a full investigation into the security breach. The Incident: Social Media Hack and Crypto Scandal According to a statement from…
ByBit and AltSchool Africa Announce 1,000 Scholarships for African Tech Students in 2025
In an exciting development for Africa’s burgeoning tech ecosystem, ByBit has partnered with AltSchool Africa to offer 1,000 scholarships to aspiring tech students across the continent. This initiative follows AltSchool Africa’s recent collaboration with Binance, which provided scholarships to 500 students, further solidifying its commitment to bridging the digital skills gap in Africa. Empowering Africa’s…
Artisanal Miners in Congo Turning to Bitcoin Mining
Africa has always been a land of resourcefulness and resilience, and the Democratic Republic of Congo (DRC) is no exception. Traditionally known as the cobalt capital of the world, the DRC is now witnessing a fascinating twist: artisanal miners, who have long been plying their trade in cobalt, are increasingly turning their attention to Bitcoin…