News
JamboTechnology and Coinbase Join Forces to Bring Crypto Accessibility to Africa, Asia, and South America with JamboPhones Integration
In a groundbreaking partnership, JamboTechnology has teamed up with Coinbase, one of the leading cryptocurrency exchanges, to provide mobile devices equipped with integrated on-chain services in regions such as Africa, Asia, and South America. This strategic alliance aims to offer a seamless introduction to crypto and blockchain technology for millions of users in these regions,…
Tornado Cash Legal Victory, Bitcoin’s Surge, and Africa’s Blockchain Growth (TawkWrap E1)
Market Price Action This week saw significant market activity, with Bitcoin reaching a historic all-time high of $98,340 before pulling back to $95,200, driven by strong institutional buying and macroeconomic factors like rising global inflation. Ethereum also continued its upward trend, posting an 8% weekly gain to trade at $3,500, bolstered by network upgrades and…
AZA Finance Secures Payment Services Provider (PSSP) License from the Central Bank of Nigeria
AZA Finance, a pioneer in fintech and foreign exchange services across Africa, has achieved a significant milestone by obtaining a Payment Services Provider (PSSP) license from the Central Bank of Nigeria (CBN). This license enables the company to directly offer payments and collections services in Nigeria, eliminating the need for intermediaries and making transactions faster…
Stablecoins Could Account for 10% of U.S. Money Supply and FX Transactions if Legalized
A new report by Standard Chartered and its digital asset brokerage arm, Zodia Markets, has shed light on the transformative potential of stablecoins in the financial ecosystem. According to the findings, if fully legalized and regulated, stablecoins could represent up to 10% of the U.S. money supply and foreign exchange (FX) transactions, indicating a major…
Rwanda’s Central Bank Admits Crypto Is Here to Stay, Plans for 2025 Regulations
In a significant move signaling a shift in its stance on cryptocurrencies, the National Bank of Rwanda (NBR) has confirmed its plans to roll out crypto regulations by 2025. This announcement was made by the bank’s Governor, John Rwangombwa, who acknowledged that the rise of digital currencies cannot be ignored and emphasized the need to…
US Court Rules Tornado Cash Sanctions Unlawful
In a historic ruling, the U.S. Fifth Circuit Court of Appeals has declared that sanctions imposed on Tornado Cash, a decentralized privacy protocol, were unlawful. This decision represents a significant win for advocates of crypto privacy and open-source innovation, challenging the U.S. Treasury Department’s unprecedented action to sanction blockchain-based smart contracts. Background: The Tornado Cash…
Kenya’s Monthly Remittances Surpass $437 Million in October 2024, Setting a New Record
Kenya’s remittance inflows reached an all-time high of $437 million in October 2024, marking a historic milestone for the country’s financial landscape. This record-breaking figure reflects a 17.7% year-on-year (YoY) growth, with total remittances for the first 10 months of 2024 amounting to an impressive $4.08 billion. The steady increase in remittance inflows underscores Kenya’s…
Half of Nigerian Startups Struggle with Low Revenue: TLP Advisory Report
A recent report by TLP Advisory titled “A Decade of the Nigerian Venture Ecosystem” has painted a challenging picture of the state of Nigerian startups. According to the survey, nearly half of the startups founded in the last ten years generate less than ₦10 million ($6,000) in annual revenue, despite the growing attention and funding…
Morocco Set to Legalize Cryptocurrency
In a landmark move, Morocco is preparing to officially legalize cryptocurrency once again, marking a significant step forward in the nation’s exploration of blockchain and digital assets. The announcement was made by Abdellatif Jouhari, the governor of the Central Bank of Morocco, Bank Al-Maghrib, during an international conference in Rabat. Drafting the Future of Crypto…
Sky Mavis, Creator of Axie Infinity, Cuts Workforce by 21% Amid Industry Challenges
Sky Mavis, the Vietnamese blockchain gaming powerhouse behind the widely popular game Axie Infinity, has announced a significant reduction in its workforce. The company confirmed that approximately 50 employees—21% of its team—have been let go, as part of strategic measures to adapt to the rapidly evolving blockchain gaming landscape. This move underscores the challenges faced…