Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,660,038,322,757.41
  • 24h Vol: $72,109,076,067.85
  • BTC Dominance: 58.31%

Africa

nigerian-cbdc-adoption-lags,-makes-up-less-than-1%-of-currency-in-use

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

Leave a Comment / Africa, Bitcoin, CBDC, central bank digital currency, Crypto Hacked, Cryptocurrency, Digital Assets, e-naira, Ethereum, IMF, Nigeria CBDC, Stablecoins / / / , , , , , , , ,

Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite […]

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russia-linked-banknotes-blamed-for-libyan-dinar-plunge

Russia-Linked Banknotes Blamed for Libyan Dinar Plunge

Leave a Comment / Africa, Bitcoin, Crypto Hacked, Cryptocurrency, Devaluation, Ethereum, Illicit banknotes, Libya, Libya dinar, Libya money, National Transitional Council / / / , , , , , ,

The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars. A report identified the Russian state money printer as a potential source of the banknotes, which the Central Bank of Libya has labelled counterfeit. Russia Linked to Illicit Libyan Banknotes A June 24 Reuters report said the

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giesecke+devrient:-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments

Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments

Leave a Comment / Africa, Bitcoin, CBDC, central bank digital currency, Cross Border Payment, Crypto Hacked, Cryptocurrency, Digital Currency, e-cedi, Ethereum, Foreign exchange / / / , , , , , ,

The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border

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south-african-startup-neonomad-to-launch-rand-backed-stablecoin

South African Startup Neonomad to Launch Rand-Backed Stablecoin

Leave a Comment / Africa, Bitcoin, cross border transactions, Crypto Hacked, Cryptocurrency, Ethereum, financial inclusion, fintech south africa, Solana pay, Stablecoin, unbanked population / / / , , , , , ,

Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency. Neonomad’s platform will also facilitate multiple offerings, including in the decentralized finance space. Banking South Africa’s Unbanked South African fintech startup Neonomad,

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nigeria’s-self-proclaimed-crypto-billionaire-released-from-police-custody

Nigeria’s Self-Proclaimed Crypto Billionaire Released From Police Custody

Leave a Comment / Africa, Bitcoin, Crypto Fraud, Crypto Hacked, Crypto Nigeria, Cryptocurrency, Ethereum, Internet, terrorism funding / / / , , , , ,

The recently detained Nigerian self-proclaimed cryptocurrency billionaire, Linus Williams, has been released on bail. According to a controversial Instagram celebrity, Verydarkman, the crypto billionaire begged for release but is expected to answer for his alleged crimes soon. Self-Proclaimed Billionaire Begged to Be Released Nigeria’s self-proclaimed cryptocurrency billionaire, Linus Williams, recently arrested on charges of fraud

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nigeria-acts-to-defend-naira-after-currency-hits-new-record-low

Nigeria Acts to Defend Naira After Currency Hits New Record Low

Leave a Comment / Africa, Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, Exchange rate, Foreign exchange, forex, naira depreciation, US dollars / / / , , , , ,

The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank disclosed that it

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south-african-exchange-luno-leverages-fireblocks’-enterprise-grade-digital-asset-platform

South African Exchange Luno Leverages Fireblocks’ Enterprise-Grade Digital Asset Platform

Leave a Comment / Africa, Bitcoin, Crypto, Crypto Hacked, crypto trading, Cryptocurrency, Digital Assets, Ethereum, Fireblocks, luno crypto exchange / / / , , , , ,

South African crypto exchange Luno has announced that it is integrating its platform with Fireblock’s enterprise-grade digital asset transfer platform. Aleks Andjelopolj suggested that leveraging Fireblocks means Luno users will experience the same immediate transaction settlement enjoyed by customers of the same bank. The Allure of Fireblocks Integration The South African cryptocurrency trading platform Luno

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zambia-to-outlaw-use-of-foreign-currency,-criminals-could-face-jail-time-for-up-to-10-years

Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years

Leave a Comment / Africa, Bitcoin, Central Bank of Zambia, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, kwacha, U.S. dollar, Zambia / / / , , , , , ,

The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines. Zambia to Punish Illegal Use of

Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years Read More »

kucoin-to-implement-7.5%-vat-on-transaction-fees-for-nigerian-users

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

Leave a Comment / Africa, Binance, Bitcoin, crypto exchanges, Crypto Hacked, Crypto Nigeria, Cryptocurrency, Ethereum, KuCoin, KYC, tax evasion, value added tax / / / , , , , , , ,

Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player stated that implementing the tax will likely harm the industry.

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south-africa-approves-63-crypto-asset-service-provider-license-applications

South Africa Approves 63 Crypto Asset Service Provider License Applications

Leave a Comment / Africa, Bitcoin, crypto assets, Crypto Hacked, Crypto regulation, crypto south africa, Cryptocurrency, Ethereum, legal tender / / / , , , , ,

South Africa’s financial services industry regulator announced on July 2 that it had approved an additional 63 crypto asset service provider license applications. The Financial Sector Conduct Authority (FSCA) has received a total of 383 applications, with only five being declined. Notably, the approvals do not mean crypto assets are recognized as a legal form

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