Author: Terence Zimwara

IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks – Fintech Bitcoin News

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The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carries risks for monetary policy implementation, Read More

Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company – News Bitcoin News

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Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will Read More

Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’ – Featured Bitcoin News

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The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has claimed that a majority of cryptocurrency transactions are embedded in illegality. He also asserts that there is no room for cryptocurrency in the Nigerian banking space. Pushback Against Endsars Protest Read More

South African Fintech Raises $120 Million in Funding Round Led by Fidelity – Fintech Bitcoin News

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A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Read More

Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects – Fintech Bitcoin News

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While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist Read More

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million – News Bitcoin News

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An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt Read More

Author Insists Current Gold Price Cheaper Now Than in 1980 – Economics Bitcoin News

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While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $1,810 per ounce Read More

African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion – Fintech Bitcoin News

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Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding Read More

Leading African Conservancy to Raise Funds for Rhinos via Auction of Horn NFTs – News Bitcoin News

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Black Rock Rhino, a leading rhino conservancy in South Africa, is set to raise funds for the endangered species via the auction of rhino horn non-fungible tokens (NFTs). Auction Proceeds to Pay for Sanctuary’s Expenses In what has been billed Read More

South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies – Regulation Bitcoin News

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South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider Read More

No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’ – Economics Bitcoin News

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The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of Read More

CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari – Emerging Markets Bitcoin News

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The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC Read More

An African Blockchain Enthusiast Launches Expedition That Seeks to Highlight East Africa’s Potential – Interview Bitcoin News

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While the African continent is generally viewed as one of the most ideally placed to embrace and fully exploit the blockchain, the reality on the ground suggests otherwise. The East Africa Blockchain Expedition As Adedayo Adebajo, the managing director of Read More

Nigerian Agency Finally Registers Blockchain Start-up, Blames Employee for Rejection of First Application – Emerging Markets Bitcoin News

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Just a few days after reports emerged that it had refused to process a company registration application by Flint API limited, the Nigerian agency Corporate Affairs Commission (CAC) has now registered the blockchain start-up. The agency however blames an unnamed Read More

Ghana Central Bank Working to Make CBDC Available to Offline Users – Fintech Bitcoin News

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The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at Read More

Cardano Subsidiary Emurgo in Partnership With Pan-African Venture Studio – Announcements Bitcoin News

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Emurgo, the investment arm of Cardano, has partnered one of its subsidiaries with Adanian Labs, a pan-African venture studio that is focused on building a platform where African tech start-ups can thrive and access all key resources that allow them Read More

Liquidator of Defunct South African Crypto Exchange Says He Found a 54 BTC Discrepancy in Ice3’s Accounts – Exchanges Bitcoin News

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A court-appointed liquidator, Dewald Breytenbach of National Liquidators, recently claimed that out of the 76 bitcoins that belonged to the now-defunct South African cryptocurrency exchange, Ice3, his firm can only account for 22. Ice3’s Abrupt Shut Down The liquidator adds Read More

Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister – Emerging Markets Bitcoin News

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Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies. Read More

Zimbabwean Dollar Could Collapse, Business Lobby Warns – Economics Bitcoin News

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A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a Read More

Report: Kenya Has Fourth-Highest Interest in Cryptocurrency Globally – Emerging Markets Bitcoin News

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Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the Read More