Jathin Jagannath, Developer Advocate of Cartesi, a Web3 rollup protocol, has identified regulatory uncertainties as a significant obstacle in Africa’s Web3 landscape. He believes that the lack of clear and well-defined regulations surrounding Web3 technologies can cause potential users and investors to hesitate.In a recent interview, Jathin expressed concern that this regulatory ambiguity might lead […]
On January 11, Coinbase, a renowned crypto exchange, announced its collaboration with Yellow Card, the first licensed Stablecoin on/off ramp on the African continent. This partnership aims to broaden the reach of their products to emerging economies across Africa.Through this alliance, Coinbase plans to extend access to its products, beginning with 20 African nations. The […]
Crypto giant Coinbase has unveiled a strategic partnership with Yellow Card, a service for cryptocurrencies in Africa. This move is a significant step in Coinbase’s expansion strategy, aiming to establish a substantial presence in 20 African countries. The primary objective of this alliance is to provide millions of people with access to prominent dollar-pegged crypto […]
Cryptocurrency exchange Coinbase has joined forces with Africa’s Yellow Card to extend its product offerings to 20 new African nations. The primary focus of this partnership is to enhance the accessibility of the USD Coin (USDC) stablecoin.In a statement released on January 11, Coinbase expressed that this collaboration will pave the way for the future […]
XRP, the cryptocurrency asset, has achieved a significant milestone, recording the highest trading volume on HTX Global, a Seychelles-based cryptocurrency exchange. On January 7th, XRP’s trading volume reached $112 million, surpassing other altcoins such as SOL and BTC, which secured $70 million and $65 million respectively, and SEI and AAVE, both of which raked in […]
The Central Bank of Nigeria (CBN) has approved the cNGN stablecoin, a new digital currency created by the Africa Stablecoin Consortium (ASC), a collaboration of Nigerian banks and fintechs. This move has sparked discussions among Nigerian cryptocurrency industry stakeholders about the potential adoption rate of the cNGN compared to the eNaira, Nigeria’s central bank digital […]
Bitget, a crypto derivatives exchange based in Seychelles, has seen significant growth, expanding its team from 1,100 to 1,500 employees and its user base from 8 million to 20 million. In an open letter, Bitget’s Managing Director, Gracy Chen, credited the support team for playing a crucial role in recovering over 495,000 USDT in missing […]
The Central Bank of Nigeria (CBN) has given its approval to the African Stablecoins Consortium (ASC) to introduce a new stablecoin, the cNGN. This move has sparked excitement and curiosity about the potential impact of this new stablecoin on the Nigerian economy and its resonance in the global cryptocurrency market.The CBN’s backing of cNGN marks […]
The Central Bank of Nigeria has approved the launch of the cNGN stablecoin, which is set to pilot in February. This stablecoin is being introduced as an alternative to a Central Bank Digital Currency (CBDC) and aims to bring about a revolution in remittance and global trade efficiencies.The cNGN stablecoin is expected to provide a […]
The Central Bank of Nigeria (CBN) has given approval to the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The cNGN stablecoin, developed by a collaboration of Nigerian banks and fintech operators, is set to launch on February 27, 2024.The Africa Stablecoin Consortium has stated that the cNGN stablecoin complies […]
