Tanzanian President Tells Central Bank To Prepare For Cryptocurrencies

Tanzanian President Tells Central Bank To Prepare For Cryptocurrencies

Samia Suluhu Hassan, Tanzania’s President has asked the Central Bank to prepare for Cryptocurrencies. “I know that throughout the nation, including Tanzania, they have not accepted or started using these routes. However, my call to the Central Bank is that you should start working on the development. The Central Bank should be ready for the changes and not be caught …

Luno Hits 8 Million Customers Milestone

Luno Hits 8 Million Customers Milestone

Recently, Luno announced that it has hit a major milestone in its growth, hitting eight million (8,000,000) customers. Following a major surge in customers from 4mn in December 2020 to 5.1mn in May 2021, Africa accounts for Luno’s largest user base and the platform’s recent figures reinforce the huge appetite for cryptocurrencies across the continent. The platform recently announced that …

Absa Bank Prevents South Africans from Using Credit Cards on Binance

Absa Bank Prevents South Africans from Using Credit Cards on Binance

Reports hold that Absa bank is blocking South African users from using their credit cards on international exchanges like Binance. Several clients have claimed that the bank has informed them of the suspension of online payments to Binance. Mybroadband through a report reveals that the bank executed the new measures because Binance is non-compliant. The new measures are believed to …

BTC Drops Below $30,000

BTC Drops Below $30,000

For the very first time since January 2021, Bitcoin dropped below $30,000. On June 22, the cryptocurrency recorded a price of $28,893. Note that according to historical data on Coinmarketcap, the last time Bitcoin recorded a price below $30,000 was on January 27, 2021. Recently, the digital currency market has been experiencing what seems to be an equal measure of …

Is South Africa Experiencing Yet Another Crypto Scam?

Is South Africa Experiencing Yet Another Crypto Scam?

Reports hold that two South African brothers, the founders of crypto investment firm Africrypt, have disappeared with Bitcoin worth $3.6 billion. Ameer and Raees Cajee are missing in action, indicating a potential scam. In April when Bitcoin was experiencing a bull market, the Chief Operating Officer, Ameer told clients that the company was a victim of a hack. He further …

Paxful is Turning 6

Paxful is Turning 6

Paxful recently made an announcement on its blog to the general public that it is turning six. In honor of this event, the company has planed a week-long party across the globe. That is, Paxful plans to celebrate with giveaways, live acts, webinars, talks from the founders, and product updates. “To our users, both old and new: we just want …

South African Crypto University Enrolls 50000 Students in 3 Days

South African Crypto University Enrolls 50,000 Students in 3 Days

As reported in an article on Face 2 Face Africa, South Africa’s Crypto U has enrolled 50,000 students from around the world in just three days. This is an online university that provides lessons on trading, investment, Bitcoin basics, and smart contract deployment on Ethereum. While some of its courses are paid for, others are free. Grey Jabesi, owner of …

Binance Launches NFT Marketplace

Binance Launches NFT Marketplace

Fascinatingly, the Binance NFT marketplace went live on June 24. Following this, Binance users can now buy and bid on non-fungible tokens (NFTs). Note that at the moment, minting of NFTs is only available to select artists and partners. It is worth noting that the Binance NFT marketplace also offers exclusive premium events like exhibitions and mystery boxes. Mystery boxes …

South Africa Rushes to Finalize Regulatory Framework

South Africa Rushes to Finalize Regulatory Framework

In a swift attempt to fight the rapidly increasing crypto scams in South Africa, the central bank is rushing to finalize its regulatory framework. Kuben Naidoo, the Deputy Governor of the South African Reserve Bank (SARB) said, “We are trying to put in place the regulatory framework quickly. Our view is that crypto is a financial product and should be …