The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
Dogecoin ranks among top 10 crypto assets for…
For the first time since 2015, Dogecoin is once again gracing the list of top ten crypto assets by market cap. In less than two days, DOGE has surged 900% from $0.0078 to post a…
Nigerian Youth Propels the Country to the Top…
Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African…
Kenya Expects to Earn $46 Million as New…
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services,…
How The Use Of Bitcoin In Africa Continued…
2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and…
Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market,…
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75…
Newly Appointed Ukrainian Politician Declares Owning Over $24…
A 19-year old Ukrainian politician disclosed all the property he owns during an anti-corruption procedure, mandatory for all public officials in Ukraine, who revealed that he holds millions of dollars worth of monero (XMR). 19-Year-Old…
Nigeria’s Yellow Card Processes $165 Million in Crypto…
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances…
Is Africa Finally Opening Up to Cryptocurrency?
News in September 2020 that Nigeria’s Securities and Exchange Commission had pushed through landmark rules to treat crypto assets as securities herald the start of a fascinating period for the fintech sector on the continent…
Jeff Bezos-Backed African App Chipper Cash Launching Crypto…
An African company backed by Amazon CEO Jeff Bezos, Chipper Cash, has raised $30 million and is launching a cryptocurrency trading service due to high demand for cryptocurrencies, including bitcoin. Users of Chipper Cash will…
Akoin Cryptocurrency Launches in Kenya as Pilot for…
The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as…
Venezuela’s Bitcoin Story Puts It in a Category…
Venezuela is an example of cryptocurrency adoption during an economic crisis. No other economy facing hyperinflation has come near the South American nation in terms of GDP-adjusted activity on peer-to-peer crypto exchanges, according to a…
Exploring the landscape of crypto regulations in sub-Saharan…
Sub-Saharan Africa has no doubt suffered many regulatory setbacks in adopting cryptocurrencies. With most countries in the region struggling not to buckle under economic uncertainties and pressures looming over them even as the ripple effects…
Foreign Crypto Exchanges Like Paxful, Binance to Pay…
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency…
East Asia Dominates World’s Onchain Crypto Activity, Europe…
Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume,…
What Does Nigeria’s Proposed Crypto Regulation Mean for…
The Securities and Exchange Commission of Nigeria recently announced that it will be regulating the trade of digital currencies in the country. “Issuers or sponsors of virtual digital assets shall be guided by the commission’s…
eToro Launches GoodDollar And Begins Delivering Universal Basic…
With enforced shutdowns driving governments to enact emergency stimulus measures and airdrop funds into citizens’ accounts, Universal Basic Income (UBI), also known as Basic Income has attracted renewed interest. This fact hasn’t escaped the attention…
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa…
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8…
Ukraine, Russia, South Africa, Nigeria Among Top Countries…
Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the U.S. are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis. Countries With…
Ukraine, Russia and Venezuela are leading the world…
Recent data published by Chainalysis revealed a surprising first place for Ukraine in the Global Crypto Adoption Index 2020, followed by Russia and Venezuela. The Index looks at three on-chain metrics: the total value of…
US lags behind Russia and China for crypto…
Recent data published by Chainalysis revealed a surprising first place for Ukraine in the Global Crypto Adoption Index 2020, followed by Russia and Venezuela. The Index looks at three on-chain metrics: the total value of…
Nigerian Crypto Startup Yellow Card Raises $1.5 Million…
Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent…
Dash Nigeria Takes Digital Currency Education Campaign to…
With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope…
P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and…
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a…
Central Bank Digital Currencies and Their Role in…
Central bank digital currencies are a digital representation of a country’s fiat currency. They are effectively a government-issued cryptocurrency designed to replace the traditional, physical form of fiat currencies. The term CBDC is broad because…
Peru, India, Indonesia, Nigeria Among Countries With Highest…
Peru, India, Indonesia, and Nigeria are among the countries with the biggest increase in crypto wallet creation based on data from Blockchain.com, which has over 52 million wallets created by users worldwide. Nigeria has been…
New Kenyan Digital Tax to Affect Crypto Platforms
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect…
Nigerian Crypto Activity Has Been On the Rise…
Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. According to a new study by major crypto…
Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan…
Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly…
Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan…
Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly…
Bitcoin Trading Is Booming in Uncertain Russia, With…
Bitcoin trading is growing in Russia. That’s despite attempts by the government to make it difficult for investors to do so. For years, Russian lawmakers have blown hot and cold over cryptocurrency regulation, creating an…
Emerging Markets Drive Paxful First Half 2020 Bitcoin…
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million…
Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban,…
At least 75 crypto and blockchain firms received approximately $30 million in government-backed PPP loans during the COVID-19 economic crunch while Binance continues to donate personal protective equipment equipment through its charitable wing. Here’s the…
Africa Posts Triple-Digit P2P Volume Gains in Three…
Peer-to-peer Bitcoin (BTC) trading has seen rapid growth in recent months, with the African continent now the second-strongest region in the world for P2P volume behind the U.S. Africa was the sole region to produce…
Akon City: $6 Billion Cryptocurrency City Set to…
Akon City, a “futuristic cryptocurrency themed city” founded by famous singer Akon, is ready to begin construction, with a plan to use the akoin cryptocurrency exclusively. Phase one of Akon City’s construction will include roads,…
Search Interest for Bitcoin Highest in Africa and…
An interactive map showing the level of cryptocurrency interest worldwide reveals that Bitcoin searches are most concentrated in countries in Africa and South America. According to the map published at Blockchaincenter.net, Google Trends data shows…
Africa Is Experiencing a Crypto Renaissance
Crypto adoption is making significant advances in Africa, with crypto ownership, trade volume, and regulation all moving toward greater adoption. A recent report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana,…
South Africa Leads Crypto Revolution in Africa –…
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians…
Generation Crypto
To Generation X, Y and Z, add C. As in Generation Crypto. Gen C was born out of the 2008-9 financial crisis, Satoshi Nakamoto having inscribed the Jan. 3, 2009, London Times headline, “Chancellor on…
75 Companies Back Facebook Libra’s Competitor Celo
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra…
Why Binance and Akon Are Betting on Africa…
In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored…