The Fed, FTX, and Falling Prices: Key Events Shaping the Crypto Market This Week
Market Price Action This week saw dramatic shifts in the crypto market, starting with Bitcoin reaching an all-time high of $108,319, driven by former U.S. President Donald Trump’s hint about a potential Bitcoin Reserve. However, a statement by Federal Reserve Chair Jerome Powell, confirming the Fed’s inability to own Bitcoin, caused a sharp crash, with…
Yeshara Tokens Joins Kenya’s Regulatory Sandbox to Revolutionize Real Estate Tokenization
The Capital Markets Authority of Kenya (CMA) has announced the admission of Yeshara Tokens Limited into its Regulatory Sandbox, marking another significant milestone for blockchain innovation in Kenya. Yeshara Tokens will test its blockchain-powered platform designed to tokenize real estate assets, aiming to enhance retail participation in capital markets. What Is Yeshara Tokens? Yeshara Tokens…
The Rise of African Crypto Exchanges: How VALR Is Leading the Charge
As the global financial world undergoes a transformation, Africa is emerging as a key player in the cryptocurrency revolution. The continent, long underserved by traditional financial systems, is finding new opportunities for financial inclusion, security, and transparency through blockchain technology. Crypto exchanges, which facilitate the buying, selling, and trading of digital currencies, have become central…
EFCC Nigeria Busts Crypto Fraud Syndicate in Lagos, Arrests 193 Foreign Nationals
The Economic and Financial Crimes Commission (EFCC) of Nigeria has arrested 193 foreign nationals in a major crackdown on a cybercrime and cryptocurrency fraud syndicate operating out of Lagos. The bust highlights ongoing efforts to combat organized fraud and illegal crypto schemes within the region. The Operation: Luxury Call Center in Lagos According to EFCC…
Can RWAs Be the Bridge Between Traditional Finance and Web3?
Real-World Assets (RWAs) are rapidly gaining attention in the crypto and financial worlds. These tokenized representations of tangible assets—like real estate, commodities, and bonds—offer a compelling use case for blockchain technology. In an industry often criticized for its lack of real-world utility, RWAs present a unique opportunity to connect the innovative Web3 ecosystem with the…
South Africa Approves 248 Crypto Providers Out of 420 Applications: FSCA Report
South Africa’s Financial Sector Conduct Authority (FSCA) has made significant progress in regulating the nation’s crypto industry by approving 248 Crypto Asset Service Provider (CASP) licenses from a total of 420 applications submitted. This milestone reflects the country’s ongoing efforts to establish a robust regulatory framework for crypto assets, ensuring consumer protection while fostering innovation…
Ethereum Remains the Most Popular Blockchain Among Developers in Africa: 2024 Crypto Developer Report
The 2024 Crypto Developer Report by Electric Capital has revealed key insights into the evolving global Web3 development landscape, with Ethereum standing out as the most preferred blockchain among African developers. Despite increasing competition from emerging blockchain ecosystems, Ethereum maintains its dominance due to its extensive developer tooling, robust community, and versatile smart contract capabilities….
Africa Leads Stablecoin Adoption, Bitcoin Holds $100K as Chainlink Shines with 20% Weekly Growth (Tawkwrap e3)
Market Price Action The cryptocurrency market maintained its stable trajectory this week, with Bitcoin hovering around the $100,000 mark, registering a modest 1.1% growth over the past seven days. Ethereum followed a similar trend, staying steady at $3,800 with a slight 0.4% uptick. While most of the market mirrored this stability, Chainlink emerged as a…
Canza Finance: The Hidden Powerhouse Set to Transform RWA Access Across Africa and Beyond
In a world where financial inclusion remains elusive for millions, Canza Finance emerges as a beacon of hope. This innovative platform is harnessing the power of blockchain technology, decentralized finance (DeFi), and real-world assets (RWAs) to bridge the gap for individuals and businesses across Africa and beyond. For decades, accessing financial services has been a…
Tether Report: Almost Half of 2024 USDT Transactions Originated in Emerging Markets
In its Q4 2024 report, Tether, the issuer of the USDT stablecoin, revealed that nearly half of all USDT transactions this year originated from emerging markets. This underscores the growing reliance on stablecoins as a tool for financial inclusion and stability in regions where traditional banking systems often fall short. USDT Adoption Reaches Record Highs…