In this week’s African Cryptocurrency Review, Jack Dorsey visits a cryptocurrency conference in Kenya. South Africa Could Be OneCoin Crypto Queen’s Hideout, and Algorand Is Making Big Moves in Nigeria; discover this and much more about crypto Africa.
Crypto markets are booming, with Bitcoin hitting all-time highs last week. The continental trade and development landscape has seen its share of developments, considering the latest crypto news from Kenya, South Africa and Nigeria. Let’s look at a few that stood out:
Former Twitter CEO and Billionaire Entrepreneur Jack Dorsey Will Do It attend the third edition of the Africa Bitcoin Conference in Nairobi from December 9 to 11.
Kenya Crypto News: Jack Dorsey to attend Bitcoin Africa conference, time to regulate crypto?
Dorsey appreciates the importance of the conference in raising crypto awareness on the continent and returns after his appearance at the inaugural event in Accra, Ghana.
Jack has since become a crypto entrepreneur after running Twitter for over a decade. Elon Musk now owns X and Dorsey uses some of his free time to attend crypto-related events.
Meanwhile, analysts argue that Kenyan lawmakers should prioritize regulating crypto and allowing banks to serve crypto companies.
If no action is taken and the country complies with Nigeria’s hostile laws, it could prove costly in the long run.
This assessment takes into account the rapid adoption rate and favorable laws, particularly in the United States and Europe. With Donald Trump in power, crypto would thrive, leaving anti-crypto and neutral jurisdictions behind.
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Nigeria Crypto News: Algorand Drives Blockchain Adoption
The proof-of-stake blockchain platform, Algorand, has identified Taraba State in Nigeria as a potential area to increase adoption rates.
Algorand has partnered with the state government to introduce events such as hackathons and training to increase regional blockchain awareness.
The platform identified this state due to its relatively weak financial infrastructure and connection to global financial systems.
Algorand seeks to provide sustainable solutions for blockchain developers and users.
The region’s large youth population also provides an excellent resource for achieving this goal.
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South Africa Crypto News: Is the infamous crypto queen hiding in Cape Town?
Infamous crypto scammer Ruja Ignatova is would have hidden in South Africa.
German publication Der Spiegel claims she lives in an affluent neighborhood in Cape Town, far from the European countries where she launched her Onecoin scam in 2018.
Ignatova is one of the most infamous names in crypto history. She was the face of a scam that promised crypto investors paradise but ended up being a front for fraud.
Crypto scams and fraudulent ICOs severely damaged the sector around 2018, but the industry has shaken off this dark chapter with stronger fundraising structures in place today.
This investigation takes place when Valr, a crypto exchange in the country, said it now serves more than a million users. In the last 10 months, they have added over 500,000 users. Around 25% of its customers are outside South Africa.
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The article Africa Crypto Week Review: Ex-Twitter CEO to Attend Bitcoin Conference in Nairobi, Algorand Driving Crypto Adoption in Nigeria as VALR Crosses 1 Million Customers Mark appeared first on .
