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Africa News

Africa is the second largest continent in the world in terms of both territory and population. There are 55 states located on the continent. Economies in Africa differs from country to country. In Africa, cryptocurrency tends to be sold with a large trade margin which can even reach 100% due to several reasons. Firstly, Bitcoin in Africa is very difficult to mine because of the climate and lack of infrastructure. Also, cryptocurrency is in big demand in Africa as national currencies are vulnerable to hyperinflation. Besides that, since there are only a small number of virtual currency retailers they are able to set high prices. The relative financial stability of digital money and the opportunities for profit make cryptocurrencies very popular in Africa.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

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The tour will begin in Zanzibar on Oct. 23 before continuing on to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe, and Tanzania.

Jelurida will launch 30-day blockchain education campaign across East Africa

2021-10-13T19:30:00+01:00

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Africa has emerged as a bastion for cryptocurrency adoption. Venture capital is looking to capitalize on the growing trend.

African crypto exchange Yellow Card closes $15M Series A

2021-09-27T16:45:00+01:00

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P2P platforms, the need for remittances to circumvent restrictions from banks, and putting savings into crypto as a means of avoiding inflation could have contr...

Africa’s crypto market has grown by more than 1,200% since 2020: Chainalysis

2021-09-14T22:15:00+01:00

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Nigeria’s central bank digital currency will go into pilot testing on Oct. 1 with a tiered AML/KYC regime for the eNaira.

Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day

Osato Avan-Nomayo

2021-09-07T14:07:00+01:00

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Akon City, the ambitious ideas for a pan-African crypto-powered smart city in Senegal from rapper Akon, has not progressed past the laying of a ceremonial stone...

Senegalese locals left disillusioned by lack of progress on Akon City

2021-09-06T03:47:09+01:00

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The report indicates that the adoption of crypto assets jumped 880% worldwide, with peer-to-peer platforms driving cryptocurrency usage in emerging economies.

Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index

2021-08-18T12:00:00+01:00

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Afroblocks’ co-founder urges Ghana’s central bank to involve the in-house crypto experience and expertise to help the e-cedi succeed.

Ghana’s digital cedi must emulate cryptocurrencies, Afroblocks states

2021-08-17T13:05:40+01:00

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MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya.

Akon’s Akoin pilot heralded a success, eyes countrywide rollout in Kenya

2021-08-04T21:30:00+01:00

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