Top Africa Crypto News presents Onafriq adopting USDC under the name of Nigeria Hunts Horned Cbex. In Ethiopia, the Phoenix group extends its Bitcoin extraction operations.
The last week of April brought several notable cryptographic stories from Africa. The ONAFRIQ African Payment Services provider takes advantage of the USDC to improve cross -border regulations. Meanwhile, Nigeria continues eight individuals, including four Kenyans, on the collapse of the CBEX. In Ethiopia, the water -based Phoenix group has allocated additional resources to its Bitcoin extraction operations.
Let’s explore these titles from the continent this week:
Africa Crypto News: Onafriq is associated with Circle for Continental Payments
The provider of payment infrastructure based in South Africa Onafriq is partnership With USDC Issueer Circle to rationalize cross -border payments across Africa. Its network extends over 40 countries, connecting millions of users who, in turn, are authorized to participate in some of the Present the hottest in 2025.
This partnership presents cross -border colonies in USDC, a stablecoin which combines the effectiveness of a digital international payment system with the stability of the world’s de facto reserve currency.
African countries are often faced with fragmented payment systems, leading to international bureaucratic regulations.
This blockchain -based solution offers institutions and individuals a faster and more profitable option. Stablecoins are a cornerstone of modern cryptography trading, mixing the convenience of digital currencies with the relative stability of national currencies.
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Nigeria Crypto News: Nigeria targets eight individuals on the collapse of the cbex
The recent collapse of the African Crypto Exchange CBEX continues to make the headlines as the investigations deepened.
The Nigeria Economic and Financial Crimes Commission has spear A man’s hunting for eight suspects, four Nigerians and four Kenyans, supposed to be at the origin of the failure of the exchange.
The CBEX seems to have been a fraudulent operation, its extravagant promises far exceeding standard financial yields.
Fraudulent scams and platforms remain a great challenge in cryptographic space. Crypto lovers, especially those who hold some of the Best cryptos to buyMust check their platforms and remain cautious of offers that seem too beautiful to be true.
Ethiopia Crypto News: Phoenix Group widens the mining investment of Bitcoin
The Phoenix Group Water Company has added 50 MW to its bitcoin extraction operations in Ethiopia, increasing its total power allocation to 130 MW. This expansion solidifies its position as a first Bitcoin international minor.
The new step has reached!
The Phoenix group adds 52 MW of Bitcoin extraction capacity in Ethiopia, which brings the country’s total to 132 MW and our global capacity to more than 500 MW in 5 countries.
Propelled 90% by clean hydroelectricity, allowing evolutionary and sustainable exploitation.تم تحقيony إنجاز جديد!… pic.twitter.com/re7ss6k9rf
– Phoenix Group (@phoenixgroupuae) April 29, 2025
The abundant hydroelectric power in Ethiopia allows Phoenix Group to access an affordable and durable environmental energy. In particular, the company aims to rank among the ten global companies in global extro-norms, and this investment underlines its commitment to this objective. With more minors, the Bitcoin hash rate is at almost all time.
(Source)
Bitcoin exploitation in African countries such as Ethiopia and Zambia, which offer many renewable energies, has a viable opportunity. These factors allow large minors to explore emerging markets and create mutually beneficial investments through the continent.
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Africa Crypto News: Onafriq adopts the USDC under the name of Nigeria Manhunts Cbex Scammers
- Onafriq, an infrastructure provider in South Africa, is associated with Cicle to stimulate the adoption of the USDC.
- Nigeria is after eight suspects, including four Kenyans, after the collapse of CBEX
- Phoenix Group adds 50 MW as they double on Bitcoin exploitation
Post Africa crypto week in review: Onafriq Tape USDC, Nigeria, after 8 suspects after the collapse of the CBEX, the Phoenix group widens the Bitcoin extraction operations in Ethiopia appeared first on 99Bitcoins.
