News
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…
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…
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….
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…
BIT Mining Acquires Ethiopian Bitcoin Mining Facilities and Machines in $14.3 Million Deal
In a significant move reflecting the growing prominence of Ethiopia in the global Bitcoin mining industry, NYSE-listed BIT Mining Limited has announced its acquisition of 51-megawatt crypto mining data centers and 17,869 high-performance Bitcoin mining machines in Ethiopia. The transaction, valued at $14.3 million, was finalized on December 3, 2024, marking a new chapter in…
Kenya National Fire Brigades Association Adds Bitcoin to Its Balance Sheet
In a groundbreaking development, the Kenya National Fire Brigades Association (KENFIBA) has officially added Bitcoin to its balance sheet, marking a bold step into the cryptocurrency space. This strategic move positions KENFIBA as a pioneer in adopting digital assets among governmental organizations in Kenya. It also potentially makes KENFIBA the first labor union in the…
Binance and AltSchool Africa Unite to Empower 500 African Youth with Scholarships in 2025
Binance, the world’s leading cryptocurrency exchange, and AltSchool Africa, a premier education platform focused on digital skills, have partnered to offer 500 full-tuition scholarships to young Africans in 2025. This initiative, running from January 2025 to December 2025, aims to bridge the digital skills gap in Africa by providing access to specialized education in high-demand…
AgriDex Launches $AGRI Token and Secures Listing on South Africa’s VALR Exchange
Solana-based agricultural RWA marketplace, AgriDex, has officially launched its $AGRI token, marking a significant step forward in its mission to revolutionize global agricultural trade through blockchain technology. The token is now live on multiple exchanges, including Gate.io, MEXC Global, CUBE, and South Africa’s VALR Crypto Exchange, further expanding its accessibility to traders and investors worldwide….
INTERPOL Cracks Down on Over 1,000 Cybercriminals Across 19 African Nations: $193M in Losses Linked to Digital Assets
In a groundbreaking operation dubbed “Operation Serengeti,” INTERPOL has successfully identified and apprehended over 1,000 cybercriminals operating across 19 African countries. The large-scale operation targeted some of the most sophisticated and damaging cybercrimes, including ransomware attacks, business email compromise (BEC), digital extortion, and online scams. These threats were flagged as major concerns in the 2024…