News
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…
Mysten Labs’ Adeniyi Abiodun Creates $1.3M Fund to Empower Nigeria’s Future Software Engineers
Breaking News: A $1.3M Endowment Fund for Nigeria’s Future Tech Leaders In a groundbreaking announcement, Adeniyi Abiodun, Co-Founder of Sui Network and a key figure in the blockchain space, alongside his wife Gloria, has unveiled a $1.3 million endowment fund aimed at empowering aspiring software engineers in Nigeria. This initiative is set to provide critical financial support and training opportunities to…
VALR CEO Urges Emerging Market Institutions to Adopt Bitcoin as Currency Depreciation Worsens
The urgency for emerging market institutions to adopt Bitcoin (BTC) as a reserve asset is growing as local currencies continue to depreciate against stronger global fiat currencies. Farzam Ehsani, CEO of VALR, South Africa’s leading crypto exchange by trading volume and institutional participation, has reinforced the argument that Bitcoin could serve as a strategic hedge…
Kenya and Namibia Added to FATF Grey List Amid Cryptocurrency and Terrorism Financing Risks
Kenya and Namibia are the latest African countries to be placed on the Financial Action Task Force (FATF) Grey List, joining a growing number of nations under heightened monitoring due to concerns about money laundering and terrorism financing. In its latest Plenary Statement, FATF confirmed that both countries are now subject to increased oversight, citing…
The Psychology of Crypto Trading: Why We FOMO, HODL, and Paper Hand
The Emotional Rollercoaster of Crypto Trading Crypto trading isn’t just about charts and technical indicators—it’s about psychology. The biggest gains (and losses) often come from emotional decision-making, rather than pure strategy. Unlike traditional finance, the 24/7 volatility of crypto markets makes them even more susceptible to fear, greed, and impulsive reactions. According to a study…
African Blockchain Talent Firm Web3Bridge Opens Waitlist for Its 13th Cohort
African blockchain innovator Web3Bridge has announced that the waitlist for its highly anticipated 13th cohort is now open, marking another significant milestone in the firm’s mission to nurture homegrown blockchain talent across the continent. This new initiative is set to further empower African developers and entrepreneurs with cutting-edge blockchain and decentralized finance (DeFi) skills, fueling…
Ghana’s Newly-Elected President Endorses Solana, Champions Blockchain for Low-Cost Financial Transactions
“We must embrace blockchain technology, not fear it. A well-regulated crypto ecosystem can unlock massive economic potential for Africa.” Ghana’s newly-elected President, John Dramani Mahama, has openly endorsed Solana, a high-speed blockchain network, as a key driver for fintech growth and cryptocurrency adoption across Africa. His remarks mark one of the most significant pro-crypto statements…
Leading Global Accounting Firm KPMG Urges Nigerian Banks to Embrace Cryptocurrencies and Blockchain
In a groundbreaking report titled ‘Crypto Risk and Opportunities in Nigeria: A New Banking Paradigm’, leading global accounting firm KPMG has urged Nigerian financial institutions to integrate blockchain technology and collaborate with cryptocurrency firms rather than distancing themselves from the sector. The Impact of the CBN Crypto Ban and Nigeria’s Growing Crypto Adoption The March…