High-speed broadband internet with blockchain brings billions into crypto
One of the biggest problems many technology companies have faced in the last several decades is bringing the majority of the African population into the global economy. As high-speed internet becomes faster and more affordable in many places throughout the globe, Africa’s infrastructure remains untouched mainly, particularly in more remote parts of the sub-Saharan region. […]
Invictus Capital to launch NFT Collection to expose African artists globally
TL;DR Breakdown Invictus Capital announced an African NFT collection to showcase the potential of African artists worldwide. Africa experiences internet breakdowns that have hindered its artists from joining the digital asset space. Invictus Capital announced a Non-fungible token collection to showcase African art via web 3.0 technology. The digital asset labeled “Out of Africa” is […]
African crypto users increased by over 2000 percent in 2021
TL;DR Breakdown • Cairo has seen major crypto usage increase.• African crypto users prefer cross-border operations due to their low commissions. Using cryptos in Africa has gained much interest among decentralized market fans. Crypto users are not only high-profile companies, but small investors are also seen participating in the market. According to KuCoin, a major […]
Crypto adoption in Africa grows by 1200%
TL;DR Breakdown • Kenya and Nigeria are the main countries that use cryptos.• The Crypto adoption in Africa is waged by the economic crisis that each country is going through. Although Europe has remained limited with cryptocurrencies, the panorama is different in regions such as Africa, where crypto adoption increases every day. The third-largest continent […]
Nigerian specialists insist Africa’s first CBDC Is currently not for the unbanked
TL; DR Breakdown The first Africa Central Bank Digital Currency is not accomplishing its objective. Presently, it is not serving unbanked clientele. As a result, the e-naira app was shortly removed from the app store. The CBN is currently developing an app for the unbanked which will allow them to use e-naira. The Central Bank […]
Yellow Card, African crypto exchange firm raises $15m in Series A
TL;DR breakdown Yellow card makes $15m in Series A funding round. African crypto market continues to boom with many investors ready to get in. Emerging African crypto exchange firm Yellow Card has raised $15m in its recently concluded Series A funding round. The funding was led by some of the biggest blockchain venture funds, highlighting […]
Twitter CEO, Jay-Z commit 500 BTC to fund Bitcoin developers in Africa and India
TL;DR Breakdown: Jay-Z and Twitter CEO are launching a new initiative to fund Bitcoin developers in India and Africa. Binance CEO will support the project as soon as it gets started. The CEO of Twitter, Jack Dorsey, has shown strong support for the leading cryptocurrency, Bitcoin (BTC), as well as its development over the years. […]
A Changed World: The English Forward Community looks forward to 2021
Discover how English Forward diligently pursues its education blockchain ecosystem in the face of COVID-19 adversities.
Blockchain: the covid hunger solution
TL;DR Breakdown The UK is going hungry due to Covid job losses. 800 million people around the world are reported to be going to bed starving. Blockchain can help store information and make payments secure and efficient. Blockchain: the covid hunger solution There is a growing hunger in the EU, particularly in the UK. With […]
Telos blockchain to be used in West African weather data-sharing initiative in world first
Telos has collaborated with weather technology company Kanda in a weather data sharing initiative in West Africa. The initiative uses the public telos blockchain. So far, 8 weather balloons have been launched under the initiative. Telos and open-source weather technology company Telokanda Weather Group have partnered to launch a weather data sharing initiative on the […]
Bitcoin keeping Nigerian protests alive
Feminist Coalition, the dominant donation receiver for the strikes against SAR, discovered Bitcoin as their significant funding source by the 22nd of October 2020. The EndSARs march against police brutality, specifically, the Special Anti Robbery Squad, known for being violent, is attracting thousands in Nigeria. The digital currency had contributed to 40% of the $387,000 […]
eToro launches a corporate social responsibility initiative GoodDollar
eToro launches social responsibility initiative GoodDollar The initiative is based on blockchain technology GoodDollar aims to help people out of the banks’ system eToro launches a corporate social responsibility initiative dubbed, GoodDollar (G$). Launched in early September, G$ functions to bring freedom to people on a global scale. What is GoodDollar? The idea behind this […]
Crypto transactions in Africa on the rise: research
Chainalysis is one of the major cryptocurrency research firms keeping an eye on global crypto transactions as well as crypto transactions in Africa. The firm recently published a report that claims that with an increase of over 55 percent in the month of June the yearly transaction reached a total of $316 million in the […]
Luno exchange becomes DCG first retail-focused subsidiary
One of the big-name blockchain investment companies, Digital Currency Group (DCG) has acquired Luno exchange. The development strengthens the company’s first move into retail-focused cryptocurrency businesses, as it mostly deals with institutional-grade businesses. Meanwhile, DCG may no longer make additional acquisitions at the parent company level, anytime soon. Luno exchange becomes a subsidiary of DCG […]
African Blockchain Hub: Akon partners Effect.AI
Popular musician, Akon has entered into a partnership with Effect.AI to launch a new African blockchain hub in kenya Akon announced the partnership with the Dutch company, Effect.AI to launch the initiative known as “Kenyan Opportunity hub,” to help provide jobs and quality education about blockchain technology. In its official statement, Effect.AI said the new […]
Kenya digital tax: users of crypto platforms to bear the brunt
The Kenyan Revenue Authority (KRA) has said that it has worked out new guidelines that will be used to check the activities of crypto traders across the country. With that view, the country has said that it would henceforth start charging a 1.5% gross transaction as the new Kenya digital tax fee. Users of digital […]
Bitcoin price survives weekend plunge but bulls remain strong above $11,000
Bitcoin price survives a $1,500 plunge as weekend liquidations kick in Short term traders book profit amid low volume over the weekend Long term uptrend still in play and Bitcoin price flirts with $12,300 resistance Cryptocurrency Daily Heatmap – by Coin360 The long-term uptrend remains in favor of bulls As Bitcoin price rallies towards new […]
Discovery Science launches documentary on crypto and blockchain
A crypto and blockchain focussed series of documentaries, also known as docuseries, premiered on the Discovery Science channel on July 4. It placed a special emphasis on the rise of the Walt Disney-developed blockchain platform called Dragonchain. With the advent and the rise in prominence of the digital streaming services like Amazon and Netflix, documentaries […]
Peer-to-peer crypto trade in Africa surges to 2nd place by more than 50 percent
In just a few months, African countries now represent more than USD 15 million in combined weekly peer-to-peer crypto trade following triple-digit growth. The African continent has shown swift growth in the Bitcoin trading on peer-to-peer crypto trade platforms and now is second to the United States. Over the past week, the African continent was […]
The Bank of Ghana intends to pilot a central bank digital currency
The first deputy governor at the central bank of Ghana affirmed that the bank is committed to piloting a central bank digital currency. Dr. Maxwell Opoku-Afari, the first deputy governor of the Bank of Ghana (BoG) spoke at a virtual stakeholder workshop on payment systems and services to reveal the institution’s future plans. Ghana to […]
How Bitcoin can help end economic injustice in 2020
Economic injustice is likely to be the significant defining feature of the year 2020, if not the only. Coindesk seeks the opinion of Isaiah Jackson, the author of Bitcoin and Black America, a revolutionary book that delves deep into black economics, Bitcoin, and blockchain technology. Post coronavirus outbreak, the global financial system is in flux. […]
COVID-19 and education dilemma: Children as collateral damages
School closures brought about by COVID-19 and education unpreparedness have brought a heartbreaking truth to everyone’s attention: children, although thought to be immune from the virus for some reason, are suffering as the collateral damage of every government’s unpreparedness. These nationwide closures are impacting over 72% of the world’s student population. Several other countries have […]
Paxful launches Bitcoin fundraising campaign to help Africa amidst Coronavirus pandemic
Peer-to-peer (P2P) Bitcoin trading platform Paxful, has launched a Bitcoin fundraising campaign in Africa. Paxful announced the expansion of its #BuiltWithBitcoin charitable campaign initiative in Africa with the launch of the “Africa Fund” on May 4, 2020. The fund will utilize Bitcoin donations to purchase the necessary resources and equipment for combating the ongoing pandemic. […]
Binance-backed crypto payments app Bundle launches its service in Nigeria
Binance-backed crypto payments app Bundle has launched its service in Nigeria as the race for African crypto domination heats up. Bundle has launched its service in Nigeria after incubation by Binance crypto exchange. According to the platform’s announcement, Bundle now allows users to transfer cash and cryptocurrencies among their peers across Nigeria. The platform also […]
