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Category: Africa

  1. Home
  2. Bobs-News World
  3. Archive by category : "Africa"
  4. Page 4
  • bob
  • 2023-11-29
  • Africa
  • Cryptocurrency Regulations
  • Fintech and Blockchain Startups
  • Government Policies and Cryptocurrency Adoption

Nigeria Urged to Implement Regulations for Blockchain Integration

A stakeholder in the blockchain and fintech ecosystem has urged the Nigerian government to implement regulations that will facilitate the widespread integration of blockchain technology in the country. The National Blockchain Policy, which was signed by former President Muhammadu Buhari, offers significant potential for economic growth, job creation, and financial inclusion. The President of the […]

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  • bob
  • 2023-11-25
  • Africa
  • Company News
  • Cryptocurrency Regulations
  • Financial Scams and Security

Politician Arrested in Connection with $246,153 Crypto Theft

The Nigeria Police Force has announced the arrest of a politician, Ambassador Wilfred Bonse, in connection with the theft of over $246,153 from Patricia Technologies’ crypto wallet. Bonse is accused of assisting hackers in laundering $61,538 from the stolen funds. The police have made significant progress in investigating the financial fraud case, which involves criminal […]

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  • bob
  • 2023-11-23
  • Africa
  • Company News
  • Cryptocurrency Exchanges
  • Mergers and Acquisitions (M&A)

Legal Dispute Surrounding CoinFLEX CEO’s Actions in Establishing OPNX Cryptocurrency Exchange

A group of creditors from cryptocurrency futures exchange CoinFLEX have accused the founders of OPNX, a new crypto exchange, of using CoinFLEX assets without their consent. The creditors claim that former CoinFLEX CEO Mark Lamb diverted clients and business opportunities to OPNX, misappropriated assets, and divulged confidential trade secrets. They argue that Lamb’s actions were […]

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  • bob
  • 2023-11-15
  • Africa
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • Sustainable Finance

Idris Elba Collaborates with Stellar Foundation to Revolutionize Humanitarian Efforts with Blockchain Technology

The Stellar Foundation has been making significant progress this year in leveraging blockchain technology to bring about real-world changes. At the recent Meridian Conference, the foundation showcased some of its notable developments and shared future plans, including its collaboration with actor Idris Elba. Elba, known for his humanitarian work, recognized the potential of Stellar in […]

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Ripple Expands Global Payment Network, Adding $2B to XRP Market Cap
  • bob
  • 2023-11-08
  • Africa
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups

Ripple Expands Global Payment Network, Adding $2B to XRP Market Cap

XRP’s market capitalization has increased by over $2 billion following Ripple’s expansion of its global payments network into three new corridors. The San Francisco-based firm has partnered with payments fintech company Onfariq to open routes connecting Africa, the UK, Australia, and Gulf Cooperation Council (GCC) countries. This partnership aims to eliminate traditional problems associated with […]

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Ripple Announces Rebrand of RippleNet and Expands Partnership with Onafriq for Enhanced Cross-Border Payments
  • bob
  • 2023-11-08
  • Africa
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups

Ripple Announces Rebrand of RippleNet and Expands Partnership with Onafriq for Enhanced Cross-Border Payments

Ripple, the fintech company, has made major announcements at the Ripple Swell Conference 2023. Firstly, they have rebranded their flagship product RippleNet as Ripple Payments, signaling a strategic shift towards enhancing blockchain-enabled cross-border payments and promoting enterprise crypto adoption. The rebranded product now covers over 70 crypto and traditional payout markets, expanding the scope of […]

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VALR Partners with Visa to Issue Crypto Customers with Visa Cards
  • bob
  • 2023-10-18
  • Africa
  • Company News
  • Cryptocurrency Exchanges
  • Fintech and Blockchain Startups

VALR Partners with Visa to Issue Crypto Customers with Visa Cards

VALR, a South African crypto platform, has announced a strategic partnership with Visa to issue Visa cards to its crypto customers. The partnership aims to deliver innovative digital payment solutions to users in Africa and global markets. VALR has raised over $50 million and received initial regulatory approval from Dubai’s Virtual Assets Regulatory Authority. The […]

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G20 Adopts Crypto Regulatory Roadmap for Financial Stability
  • bob
  • 2023-10-15
  • Africa
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

G20 Adopts Crypto Regulatory Roadmap for Financial Stability

Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations have unanimously adopted the ‘G20 Finance Ministers and Central Bank Governors Communique’ during their meeting in Marrakesh, Morocco. This decision comes after the G20 member nations accepted a crypto regulatory roadmap outlined in a collaborative report by the International Monetary Fund (IMF) and the Financial […]

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Central Bank of Nigeria Clarifies that eNaira Does Not Threaten Financial Stability
  • bob
  • 2023-10-11
  • Africa
  • Central Bank Actions
  • Cryptocurrency Innovations
  • Government Policies and Cryptocurrency Adoption

Central Bank of Nigeria Clarifies that eNaira Does Not Threaten Financial Stability

The Central Bank of Nigeria (CBN) has addressed concerns that its central bank digital currency (CBDC), the eNaira, poses a threat to the country’s financial stability. The CBN released a press statement in response to media reports suggesting that the eNaira could have negative implications. These reports referenced a CBN report called “Economics of Digital […]

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Zimbabwe Launches Gold-Backed Digital Token as Payment Method
  • bob
  • 2023-10-10
  • Africa
  • Central Bank Actions
  • Cryptocurrency Innovations
  • Government Policies and Cryptocurrency Adoption

Zimbabwe Launches Gold-Backed Digital Token as Payment Method

On October 5th, the Reserve Bank of Zimbabwe (RBZ) launched a new digital token called Zimbabwe Gold (ZiG) as a payment method. This initiative was first introduced by the central bank in April 2023, with the aim of encouraging local investors to invest in national assets rather than relying on the American dollar. The RBZ […]

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