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.

News
Ethiopian-based group Project Mano is lobbying the government to mine, hold and link Bitcoin to the Ethiopian birr or other legal tenders.
Jack Dorsey notes lobbying efforts to get Ethiopian gov't to embrace Bitcoin
Brian Quarmby
2021-06-16T14:35:33+01:00
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Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets.
Tanzanian president urges central bank to prepare for crypto
Samuel Haig
2021-06-14T05:30:33+01:00
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With exchanges slow to fall under FIA oversight, Uganda’s AML watchdog wants the government to make a move on crypto regulations.
Uganda's finance watchdog calls for crypto regulations in the country
Osato Avan-Nomayo
2021-05-24T13:03:58+01:00
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Three new BRI divisions will foster innovation and research in their respective regions.
Blockchain Research Institute expanding to Africa, the Middle East and Korea
Martin Young
2021-05-21T05:52:18+01:00
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The number of Cardano millionaires has gone up 1,2341.34% this year, according to Coin Metrics data.
There are now 6,710 Cardano millionaires following latest ADA surge
Sam Bourgi
2021-05-18T20:15:00+01:00
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After a successful run in Nigeria, Quidax announced global expansion plans and the launch of its native token, QDX.
African crypto exchange registers $3.2B in transactions ahead of global expansion
Sam Bourgi
2021-05-10T19:40:00+01:00
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Blockchain technology will be used to enhance the educational experience of five million students and 750,000 teachers across the east African nation.
IOHK partners with Ethiopian government to revamp education system
Sam Bourgi
2021-04-29T20:00:00+01:00
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Some companies are using blockchain technology to open up the logistics routes that COVID-19 has closed down.
$400M African fertilizer deal executed on blockchain eases COVID-19 slowdown
Greg Thomson
2021-04-07T13:29:41+01:00
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