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A new Pan-African organisation aimed at promoting cryptocurrency trade within the continent has been officially launched. The Africa Digital Assets Framework (ADAF) was first launched in July 2018 during Nelson Mandela International day in the United Nations. The Pan-African organization has officially released its research and development paper which outlines the prospects that distributed ledger technologies and digital assets present to Africa. “Digital assets create a secure way for people to trade, peer-to-peer, across borders,…

Binance Uganda, the recently launched subsidiary of popular cryptocurrency exchange – Binance, has hit a milestone just few weeks after the October 24 opening of its first fiat-to-crypto subsidiary in Uganda, East Africa. Despite a general decrease in global cryptocurrency entrants this year due to waning coin prices, the nation of over 43 million seems to have nationals buzzing in the cryptocurrency sphere. This revelation is in contrast to fiat statistics which show that three…

Rwanda has partnered with a U.K. based blockchain firm Circulor to utilize blockchain technology in tracing the mining of the country’s conflict metal, Tantalum. The East African nation is the world’s leading producer of Tantalum, the mineral used in production of consumer electronics like smart phones (including Apple i-phones) and computers. According to a press release by the country’s Mining, Petroleum and Gas Board, Rwanda looks to ensure more transparency in the production of this mineral-…

Binance Uganda – Binance, a major international cryptocurrency exchange and the largest by trading volume of about $1.8 billion daily, has announced the launch of its fiat-to-crypto exchange situated in Uganda. The exchange (Binance Uganda) is a subsidiary of the company and its first fiat-to-crypto exchange. The new exchange boasts of a capacity to process an average 1.4 million transactions per second hence one of the fastest globally. Prior to this official launch, Binance Uganda had already…

XinFin a non profit organization and Blockchain startup is set to expand its hybrid Blockchain initiative to Africa. This move comes after series of meetups in Asia, Europe and the United states with a recent Africa meet up held in Zimbabwe on September 01,2018. XinFin’s mission statement in partnership with different international governments is tailored towards improving the deficit in global infrastructure with the aid of Blockchain technology and establishing secure cum transparent transactions for…

Bitcoin is on the rise again so far in 2017. The fastest growing currency ever has topped the $1,000 mark again and is reaching historic heights — 1,194$ per Bitcoin according to CEX.io exchange rate on 24th of February. Not only that, but the majority of the signs are pointing towards a prosperous year for the cryptocurrency. First off, there’s the imminent SEC ruling on a proposed Bitcoin ETF (Winklevoss Bitcoin Trust), and then there’s…

Bitcoin has been growing exponentially in Africa. In the past year, bitcoin exchanges have dominated bitcoin infrastructure as a number of countries are set to benefit from the cryptocoin. From free transactions to instant withdrawals, bitcoin has provided a pathway for efficient remittances. Sadly, Tunisia may not feel the full benefits of the cryptocurrency as capital controls and  restrictions of infrastructure development have lead to a significant 20% premium being applied to bitcoin prices in…

Bitcoins potential to rival the likes of gold and silver as valid and tangible forms of long term investment have long been considered. While there are considerable differences between the two mediums, they essentially function in the same way, storing wealth in the long term without significant depreciations in value. With Bitcoin prices hovering ever so close to the gold standard, will Crypto ever become the gold of the digital age ? Gold’s dominance over…

Identity verification has come a long way in the past decade managing to distinguish various identities in a business setting. However one company in South Africa aims to change traditional forms of verification for a blockchain solution The project is aimed to be put into operation by 2017 by the ThisIsMe company which is aimed at identity verification. The South African blockchain scene has been erupting over the past year, including the integration of blockchain…

Africa has exploded in terms of Bitcoin development. It comes as surprising news to many as Senegal officially announced its new digital currency based on Blockchain technology. This makes the country one of the first in the world to nationally introduce this type of technology, recognising it as a legal tender, subject to all monetary regulations. “The eCFA is a high-security digital instrument that can be held in all mobile money and e-money wallets. It…