Bitcoin’s Wild Ride to $80K, Trump-Binance Rumors, and Rwanda Tightens Crypto Rules.
This Week’s Crypto Highlights Welcome to this week’s TawkWrap, where we break down the latest happenings in the crypto world with a special focus on Africa’s vibrant markets and beyond. From dynamic price action to groundbreaking partnerships and bold regulatory moves, we’ve got all the details served up with plenty of African spice. Let’s dive…
Luno Chief Calls for Regulatory Clarity on Bitcoin’s Onshore Status in South Africa
Paul Harker, Global Head of Legal and Corporate Strategy at Luno, has urged South Africa’s National Treasury to classify Bitcoin as an onshore asset when held by local exchanges. He argues that this move would unlock greater liquidity inflows, making it easier for institutional investors to allocate funds to crypto assets like Bitcoin within the…
Binance Blocks Nigerian Users from Free Token Rewards and Airdrops Amidst Ongoing Regulatory Crackdown
Users lament the latest twist in the Binance-Nigeria saga, which denies them daily earnings of up to $50. Global cryptocurrency exchange Binance has restricted access to its free token airdrops in Nigeria, adding another layer of friction to its strained relationship with the West African nation. This move follows regulatory scrutiny and increasing pressure from…
Rwanda Introduces Draft Regulations for Cryptocurrencies, Mandates Licensing for Exchanges
Rwanda has taken a significant step toward regulating its cryptocurrency sector with the introduction of a draft law that mandates virtual asset service providers (VASPs) to apply for operating licenses or face prosecution. The move, led by the country’s Capital Markets Authority (CMA) and the National Bank of Rwanda (NBR), signals a shift toward formal…
Nigerian Stablecoin Startup, IvoryPay, Secures Investment from Hedera After Processing Over $80 Million from 8K+ Merchants
IvoryPay’s Rapid Growth in Africa’s Crypto Payments Scene IvoryPay, a blockchain-powered payment and remittance platform enabling businesses across Africa to accept stablecoin payments, has secured a strategic investment from Hedera, a leading decentralized ledger network. This investment marks a significant milestone for IvoryPay as it continues to expand its influence in the African fintech space….
Yellow Card Partners with Swiss Fintech Centi to Revolutionize African Remittances
The remittance landscape in Africa is undergoing a transformation as Yellow Card, a leading pan-African cryptocurrency exchange, partners with Swiss fintech Centi to offer cheaper and more efficient cross-border payments. This strategic collaboration enables migrants in Europe to send money to their families in 20 African countries at significantly reduced costs, challenging the inefficiencies of…
Strategic Crypto Reserve, Tariff Wars, and Moroccan Crypto Surge (Tawkwrap)
Welcome to this week’s TawkWrap, where we break down the latest happenings in the crypto world with a special focus on Africa’s vibrant markets and beyond. From dynamic price action to groundbreaking partnerships and bold regulatory moves, we’ve got all the details served up with plenty of African spice. Let’s dive in! Market Price Action…
Crypto Tourism: Africa’s Hidden Bitcoin-Friendly Destinations
Welcome to this week’s TawkAfrica Spotlight on crypto tourism, a vibrant journey through Africa’s most crypto-friendly destinations where the spirit of digital innovation meets the warmth and hustle of the continent. In this feature, we dive into how crypto is transforming tourism across Africa, spotlighting cities like Cape Town, Lagos, and Kigali, and even chatting…
Millions of Moroccans HODL Crypto Despite Official Ban
Despite Morocco’s longstanding ban on cryptocurrencies, a groundbreaking report from French crypto brokerage HelloSafe reveals that around 6 million Moroccans are active crypto holders. This surprising figure underscores the resilience of decentralized finance in a country where regulatory frameworks remain largely unfriendly to digital assets. Read also: Finna: The African Solution to Inflation-Proof Lending and…
Coinbase Expands P2P Services in Nigeria.
In a groundbreaking move, Coinbase has officially expanded its footprint in Africa by partnering with Onboard Global to launch peer-to-peer (P2P) payment services in Nigeria. At the same time, the Nigerian government has ramped up its regulatory scrutiny, filing an $81 billion lawsuit against Binance over alleged tax evasion and money laundering activities that, according…