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
Over 5,000 victims of the alleged crypto pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam.
Ugandan Victims of Dunamiscoins Scam Petition Gov’t for Lost Investments
Helen Partz
2020-01-17T20:16:00+00:00
2518
Opinion
Africa is the fastest-growing mobile market and it could possibly make this continent the world’s biggest payment systems based on blockchain tech and unbanked ...
Unpacking the Potential of Blockchain and Infrastructure in Africa
Chris Cleverly
2020-01-15T03:15:00+00:00
3442
News
Singer Akon announced on Jan. 13 that the world’s first ‘crypto city’ — Akon City — is underway in Senegal and would feature Akoin cryptocurrency only.
Singer Akon Says World’s First ‘Crypto City’ Set for Senegal 2025
Andrew Calderaro
2020-01-14T23:06:00+00:00
5132
News
The Africa Blockchain Institute will open Rwanda’s ostensibly first blockchain school in 2020, offering five new courses for local developers, professionals and...
Rwanda Blockchain School to Launch in 2020 for Devs, Professionals
Marie Huillet
2019-12-27T10:11:00+00:00
4182
Analysis
Sports teams like Juventus are now using the power of the blockchain technology to connect with fans.
Soccer Teams Like Juventus Look to Score With Blockchain Push
Shiraz Jagati
2019-12-10T16:14:00+00:00
3904
Analysis
Ghana is maintaining a cautious approach to cryptocurrencies despite its central bank’s plans to launch a CBDC pilot in 2020.
Ghana Joins the Bandwagon — Plans for CBDC, Still Wary of Crypto
Gareth Jenkinson
2019-12-07T10:55:00+00:00
3994
Explained
Many African consumers are fed up with the status quo of local currencies and existing payment platforms — and believe crypto could be t...
Crypto in Africa: Opportunities and Challenges, Explained
Connor Blenkinsop
2019-12-02T08:25:00+00:00
9
News
The well-known supporter of Bitcoin reveals he will spend up to half of 2020 in Africa, as interest in Bitcoin from the continent continues to reveal itself.
Africa ‘Will Define’ the Future of Bitcoin — Twitter CEO Jack Dorsey
William Suberg
2019-11-28T09:01:00+00:00
9122

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