Africa | ForkLog

ForkLog 9 25.10.2021

Nigerian president announces launch of CBDC

On Monday, October 25, Nigeria's President Muhammadu Buhari announced the launch of the national digital currency (CBDC). The project was developed with fintech company Bitt.

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ForkLog 10 04.10.2021

Poll finds most Africans invest in cryptocurrency for children’s futures

Most of the surveyed crypto investors in Africa said that their main motivation for earning money is to secure their families' financial well-being.

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ForkLog 9 28.09.2021

Square and Coinbase Invest in African Bitcoin Exchange Yellow Card in $15 Million Series A

The African cryptocurrency exchange Yellow Card raised $15 million in a Series A funding round led by Valar Ventures, Third Prime and Castle Island Ventures, with participation from Square's Jack Dorsey and Coinbase Ventures.

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ForkLog 6 15.09.2021

Chainalysis: Africa’s on-chain transaction volume up 13-fold over the year

From July 2020 through June 2021, the on-chain value transacted in Africa amounted to $105.6 billion — 1,200% higher than in the corresponding period of the previous year. The drivers were the popularity of P2P platforms and remittances, as well as the drive to safeguard savings from inflation.

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ForkLog 10 06.09.2021

Media: Akon’s plan for a ‘cryptocity’ stalls after groundbreaking ceremony

The construction of the 'cryptocity' that rapper Akon (Akon) planned to build in Senegal has, after a year, not progressed beyond the groundbreaking ceremony. This is reported by Africanews.

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ForkLog 13 30.08.2021

Nigeria’s central bank issues draft guidelines for CBDC rollout

The Central Bank of Nigeria unveiled a draft of guiding principles for the planned national digital currency (CBDC). Cointelegraph reports.

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ForkLog 6 09.07.2021

West African States Warn of Risks in Using Cryptocurrencies

The Economic Community of West African States (ECOWAS) has expressed concerns about the use of cryptocurrencies due to associated risks. Leadership Newspaper reports this.

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ForkLog 7 04.06.2021

Bank of Ghana says CBDC development has reached an advanced stage

The Bank of Ghana is at an advanced stage of developing the national digital currency (CBDC). This was stated by regulator head Ernest Addison at a press conference.

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ForkLog 15 28.04.2021

IOG to roll out Atala Prism blockchain identity solution in Ethiopia

The Cardano-backed company IOG (formerly IOHK) and the Ethiopian government have signed agreements to deploy the decentralized identity system Atala PRISM in the country.

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ForkLog 65 06.04.2021

Rapper Akon to build a second ‘crypto city’ in Africa.

American rapper Aliaune Damala Badara Akon Thiam, better known as Akon, will build in Uganda the second 'crypto city' named after him.

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ForkLog 16 05.11.2020

Binance to close Uganda subsidiary

The cryptocurrency exchange Binance announced the closure of its Uganda subsidiary. The process will take place in three stages and will be completed on November 28.

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ForkLog 20 19.08.2020

In Sub-Saharan Africa, bitcoin demand on P2P platforms rises

Bitcoin trading volumes on P2P platforms in Sub-Saharan African countries reached record levels this summer. 60% of the weekly volume is accounted for by Nigeria, according to Arcane Research.

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