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African Development Funding Group Endorses Apollo Crypto for African Adoption

African Development Funding Group Endorses Apollo Crypto for African Adoption

Blockchain project Apollo Currency​ has secured an endorsement from the African Development Funding Group (ADF Group) to encourage the use and adoption of crypto at national level across the entire African continent. In a press release, ADF Group CEO Anthony Mokhele underlined the group’s mandate of facilitating solutions for finance and funding to uplift the continent, while investigating emerging technologies such as blockchain to help the …


Old Mutual Decides Against Insuring Mining Rigs

Old Mutual Decides Against Insuring Mining Rigs

A pan-African insurance firm, Old Mutual, has issued a statement saying that it will not insure equipment used in Bitcoin and crypto mining, citing the high expense, risk, and speculative nature of the sector. A CoinDesk article detailing this news says that Old Mutual is only following the ban on insurance cover for mining rigs, especially because crypto is still …


White Community in Orania, South Africa Launch Protest Crypto

White Community in Orania, South Africa Launch Protest Crypto

The single-community corporation owned white town of Orania in South Africa is slowly moving to its own cryptocurrency as a symbol of protest against national politics, according to a report by Wired. It has always had its own say in its future after the abolishment of apartheid in South Africa and has had its own currency since then. Dawie Roodt, …


Paxful CEO: From Homeless in New York to Building Homes in Africa

Paxful CEO_ From Homeless in New York to Building Homes in Africa

Bitcoin News has been following the fortunes of peer-to-peer Bitcoin marketplace Paxful since covering Africa in our Humanitarian Blockchain series published last year. One Crypto Briefing interviewer was lucky enough to catch up with company founder Ray Youssef to discuss the ups and downs of the company’s Africa project. From co-founding the company in 2015 with Artur Shaback, after pushing …


Exchanges Require Licenses in Egypt Central Bank Draft Law

Exchanges Require Licenses in Egypt Central Bank Draft Law

The Central Bank of Egypt (CBE) has settled on a new draft banking law that would see cryptocurrency exchanges in the African country require licensing before they can create, advertise or operate their platforms for purposes of issuing or trading digital assets. As reported by local daily The Egypt Independent, an official source had told the MENA news agency that …


South Africa President’s Son Wears Bitcoin Socks to Swearing-In

South Africa President's Son Wears Bitcoin Socks to Swearing-In

It isn’t often that a country’s leader has the limelight taken away from them during their inauguration ceremony but that is exactly what happened to newly-elected South African president Cyril Ramaphosa on his swearing-in event on Friday when his son decided to wear Bitcoin-themed socks. The eye-catching piece of clothing was first spotted by Ran NeuNer, the host of popular show …


Africa and the Middle East: Crypto and Blockchain News Roundup 13 May to 19th May, 2019

Africa

Africa and the Middle East Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. Kenya Kenya’s biometric ID scheme, blockchain for refugees, universal health and moonlighting officials: The government of Kenya has hired the Minneapolis-based company BanQu to help create blockchain-based digital …


African Fintech Woos Joe Montana, Raising $2.4 Million

African Fintech Woos Joe Montana, Raising $2.4 Million

TechCrunch has reported that African payment fintech Chipper Cash managed to successfully raise USD 2.4 million in a funding round, after enticing several high-profile backers, including American football athlete Joe Montana. After launching seven months ago as a peer-to-peer cross-border payments services without fees, they decided to raise funds for further expansion. This round was led by Deciens Capital and …


Fintech Firms Partner to Fund HIV Programs in Africa, Support UN SDG

Fintech Firms Partner to Fund HIV Programs in Africa, Support UN SDG

Two fintech firms have joined up to reduce the debilitating presence of HIV in Africa, with blockchain healthcare company Kinect and mobile gaming and lottery tech firm Kamari, hoping to fund new HIV testing programs. While both companies have been focused on African development, they have now officially signed a partnership to promote key health initiatives especially at those that …


Accra and The Hague Universities Combine to Promote Blockchain in Ghana

Accra and The Hague Universities Combine to Promote Blockchain in Ghana

A partnership between a Ghanaian University and the Hague University of Applied Sciences (THUAS) in the Netherlands has been forged with a view to accommodating a student exchange programme and further promote blockchain in the African nation. The Accra Technical University (ATU) wants to accelerate it graduate programme in order to provide the industry with the necessary skills to fill …


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