africa
Binance Launches Call for Applications: Become a Binance Africa Captain!
Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange by trading volume, is calling on passionate crypto enthusiasts across Africa to apply for its newly launched Binance Africa Captain program. This exciting 6-month renewable opportunity aims to boost crypto education, foster vibrant community engagement, and strengthen Binance’s local presence across key African markets, including Kenya,…
Court Backs Central Bank of Nigeria in eNaira Trademark Dispute with Local Firm
In a landmark ruling, the Federal High Court has dismissed a request by eNaira Payment Solutions Limited to restrain the Central Bank of Nigeria (CBN) from using the “eNaira” trademark for its official digital currency project. The decision is seen as a significant victory for the CBN in its efforts to solidify the eNaira as…
SEC Nigeria Warns Locals: “Invest in Tofro.com Crypto Trading Platform at Your Own Risk”
The Securities and Exchange Commission (SEC) of Nigeria has issued a stern warning to the public, advising Nigerians to steer clear of investment activities on Tofro.com, a crypto trading platform flagged as potentially fraudulent. The warning comes as part of the SEC’s ongoing efforts, alongside the Economic and Financial Crimes Commission (EFCC), to combat the…
Binance Tightens Crypto Rules for South Africans with New Sender and Beneficiary Verification Requirements
Leading global cryptocurrency exchange Binance has announced the introduction of stricter compliance measures for its South African users. Starting from April 30, 2025, customers will be required to submit additional sender and beneficiary information when conducting crypto deposits and withdrawals, as part of efforts to align with South Africa’s evolving regulatory landscape. New KYC Measures…
SEC Nigeria Issues Fresh Warning Against Unauthorized Digital Asset Platforms Amid Rising Investment Scams
In a renewed effort to protect Nigerian investors, the Securities and Exchange Commission (SEC Nigeria) has issued a stern public advisory warning against the rising threat of fraudulent investment schemes, including unregistered digital asset platforms. In a statement released on April 24, 2025, the Commission emphasized the urgent need for investors to exercise caution and…
Central African Republic Debuts Meme Coin ‘$CAR’
In a surprising move that blends financial innovation with national branding, the Central African Republic (CAR) has launched its own meme coin, dubbed $CAR. This initiative, announced by President Faustin-Archange Touadera on X (formerly Twitter) late on Sunday, marks a unique attempt to raise the profile of one of the world’s poorest countries through the…
Keep Bitcoin Away from South Africa’s Strategic Reserve, Says Helen Zille
In a recent development that has stirred debate within South Africa’s financial circles, Democratic Alliance federal chair Helen Zille, while expressing her personal bullishness on bitcoin, has firmly cautioned against the use of the cryptocurrency as a strategic reserve asset by the state. A Candid Address at “Adopting Bitcoin” Speaking at the “Adopting Bitcoin” conference…
African Magnate Mohammed Dewji Falls Victim to Latest Crypto Hack: Unmasking the $TANZANIA Scam
In a stark reminder that no one is immune in the fast-evolving crypto world, Tanzanian billionaire Mohammed Dewji, a respected figure in Africa’s business community and head of the MeTL Group, has recently become the target of a sophisticated crypto scam. Hackers infiltrated Dewji’s official X (formerly Twitter) account, misleading his 2.2 million followers by…
StarkWare Launches $4 Million Venture Fund to Drive Blockchain Innovation in Africa
StarkWare, a leading player in the blockchain space, has unveiled a $4 million venture fund dedicated to nurturing blockchain startups across Africa. The fund underscores StarkWare’s confidence in Africa’s potential to become a major hub for global crypto adoption, empowering a continent often underserved by traditional financial systems. This new initiative aims to catalyze the…
Kenyans Defy Central Bank Warnings to Trade Cryptocurrencies: IMF Report Highlights Crypto Trends in Kenya
Despite repeated warnings from the Central Bank of Kenya (CBK), Kenyans are increasingly embracing cryptocurrencies, according to a report by the International Monetary Fund (IMF)’s Technical Working Group. The study, conducted in collaboration with Kenya’s Financial Reporting Centre, sheds light on the thriving crypto ecosystem in Kenya and the profiles of its participants. Who Are…