Africa


Markets

Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India

"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.

Square And Twitter CEO Jack Dorsey Speaks At Empowering Entrepreneurs Event

Markets

Nigeria's Senate Summons Central Bank Chief to Explain Crypto Ban

The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.

nigeria flag

Finance

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.

africa, network

Finance

Canadian Crypto Lender Ledn Raises $2.7M for Emerging Markets Expansion

After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.

Toronto

Markets

Binance Suspends Deposits in Nigeria Following Central Bank Directive

Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.

Lagos, Nigeria

Policy

China Leads Africa's Digital Currency Race

With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.

Huawei mural on a wall in Lusaka, Zambia

Markets

Akon: Crypto Can Give Africa Financial Freedom

The revolutionary power of blockchain will play a significant role in the golden age of African development.

World renowned musician, producer and philanthropist Akon believes digital transformation will reshape Africa's emerging economies.

Finance

African Startups Should Tokenize to Break Biased Funding Cycles

Startup capital in Africa still favors foreign founders at the expense of homegrown projects. A proposal to break the cycle.

Paystack founders Ezra Olubi and Shola Akinlade

Markets

West African Program Will Store Weather Data on Telos Blockchain

Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain.

Telokanda weather balloons will record a variety of data and store the information on the Telos blockchain.