After mysteriously losing $1M in user funds, the cryptocurrency wallet is blaming its web hosting company for fraud and theft.
Nigeria’s Securities and Exchange Commission (SEC) has reportedly set up a committee that will work on a regulatory framework for blockchain technology and cryptocurrencies.
Umaru Ibrahim, CEO of the Nigeria Deposit Insurance Corporation, reminded Nigerians of the risks associated with cryptocurrencies.
Serena Williams revealed a surprise crypto investment and Africa is encouraged to take its place as a crypto leader.
Two Nigerians have been indicted in a crypto scam that stole thousands of BTC, and as can often be the case, offered promises that were too good to be true.
Startups are taking initiatives to help Africans send and receive money at the lowest possible cost.
Cryptocurrency exchange Paxful is in hot water in Nigeria after crypto traders in the country claimed the firm has been closing down their accounts illegally.
Countries in Africa are destined to use blockchain technology and cryptocurrency to change their societies as a whole. While many are using these technologies for good, some are still looking for an easier path to illegal activities.
Interest in Bitcoin is increasing in South Africa and Uganda, and banks all over the continent are fighting against the rush to cryptocurrencies.
The year has been quite active for the crypto community in Africa. More start-ups continue to emerge, and politicians are taking up these new technologies.