Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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South Africa’s Adult Investment In Crypto Stands At 22%

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A new research report shows that about 22 per cent of adults in South Africa are cryptocurrency investors according to a study by Kucoin. This translates to 7.6 million people aged between 18 and 60. The study also found that 65…

South Africa Reserve Bank Completes Technical Proof Of Concept For Rand’s Digital Currency.

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South Africa has moved further steps towards implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project. Cointelegraph reports that the he project, titled Project Khokha 2 (PK2), is…

SA Africrypt Victms Receive Part Payment of Invested Funds

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Crypto investors in Africrypt, the now-closed South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s…

E-naira’s Potential Hindered By Lack Of Trust Says Analyst

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While Nigerians have appeared to seemingly embrace the Central Bank of Nigeria (CBN) digital currency, sceptical analysts believe a lack of trust in the government will eventually hamper the e-naira’s chances for success. Some analysts insist that the central bank…