A recent analysis of global cryptocurrency transactions by Chainalysis sheds light on the unique nature of Sub-Saharan Africa’s crypto market, which represented just 2% of global activity between July 2021 and June 2022. For example, although large transactions fueled by investors and financial institutions helped...
In the story of blockchain, the initial emphasis on currency still maintains a firm grip on the public imagination of the technology. Yet proponents of non-monetary use cases have long talked up the potential of smart contracts and tokenization to transform a wide variety of...
It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” In a statement, the bank said the directive,...
Due to currency volatility and infrastructure issues, the use of virtual currencies in emerging markets has boomed in recent years. In 2020, Nigeria was ranked third globally in terms of countries with the highest bitcoin trading volumes — generating transactions worth more than $400 million...
August 29, 2022
It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” In a statement, the bank said the directive, which saw Binance and other exchanges halt deposits in the […]
November 29, 2022
A British court has ordered six cryptocurrency exchanges to help a rival track stolen funds. The six exchanges — each of which own or operate accounts to which the stolen funds were tracked — have been ordered to disclose customers’ names, bank accounts and card details. Some redactions have been allowed, the Financial Times reported […]
February 04, 2022
As the biggest cryptocurrency exchange in Africa, Luno is looking to get its offerings in front of some of the world’s largest segment of digital asset investors — those in...
September 09, 2020
Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. 9) announcement. DCG first...
May 20, 2020
Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). Travala.com CEO Juan Otero said...
