[WATCH] Kenya 🇰🇪 Central Bank Governor Warns Against Imposing Cryptocurrencies By Citing El Salvador
“You cannot leave the population behind. The population may not buy the whole thing. You can see what happened in El Salvador." - Njoroge, Governor, Central Bank of Kenya
See the context around the discussion below:
https://bitcoinke.io/2022/06/cbk-governor-warning-on-imposing-crypto/
“You cannot leave the population behind. The population may not buy the whole thing. You can see what happened in El Salvador." - Njoroge, Governor, Central Bank of Kenya
See the context around the discussion below:
https://bitcoinke.io/2022/06/cbk-governor-warning-on-imposing-crypto/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
[WATCH] Kenya Central Bank Governor Warns Against Imposing Cryptocurrencies By Citing El Salvador - BitcoinKE
https://www.youtube.com/watch?v=rHDlVt3uaNc In the wake of several countries now adopting or considering to adopt cryptocurrencies in one form or another, Kenya Central Bank (CBK) Governor, Dr. Patrick Njoroge, is warning that any actions that do not involve…
‘Blockchain For Social Good’ Project by UABA Kicks Off in Zambia🇿🇲 with NEAR Protocol and Zambian Government Support
The project will demonstrate a blockchain payment system to disburse the basic needs incentive among other things.
See full details below on the project which seeks to provide a viable use case for blockchain in Zambia:
https://bitcoinke.io/2022/06/blockchain-for-social-good-project-by-uaba-kicks-off/
The project will demonstrate a blockchain payment system to disburse the basic needs incentive among other things.
See full details below on the project which seeks to provide a viable use case for blockchain in Zambia:
https://bitcoinke.io/2022/06/blockchain-for-social-good-project-by-uaba-kicks-off/
BitcoinKE
‘Blockchain For Social Good’ Project by UABA Kicks Off in Zambia with NEAR Protocol and Zambian Government Support
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
How Salary Advances on Celo Offer Mobile Financing Solutions to Kenyan Employees
The pilot explores how lending using DeFi apps built on Celo could offer the following:
* Better interest rates
* Faster loan delivery
* Reduced administrative overhead
See the full pilot details and video of the pilot in action here:
https://bitcoinke.io/2022/06/salary-advances-on-celo-in-kenya/
The pilot explores how lending using DeFi apps built on Celo could offer the following:
* Better interest rates
* Faster loan delivery
* Reduced administrative overhead
See the full pilot details and video of the pilot in action here:
https://bitcoinke.io/2022/06/salary-advances-on-celo-in-kenya/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
How Salary Advances on Celo Offer Mobile Financing Solutions to Kenyan Employees - BitcoinKE
https://www.youtube.com/watch?v=pcn1jY3EnuY To explore how mobile-first DeFi built on Celo could offer a truly unique solution for employer-based lending, the Celo Foundation has partnered with Mercy Corps Ventures and Cinch Markets to launch a three-month…
According to the World Bank, remittance fees are frequently made up of three components:
* A fee charged for sending a certain amount
* A margin taken on the exchange rate when remittances take place
* A fee charged to the recipient of the funds
https://bitcoinke.io/2022/06/world-bank-poor-transparency-to-blame-for-high-cost-of-remittances/
* A fee charged for sending a certain amount
* A margin taken on the exchange rate when remittances take place
* A fee charged to the recipient of the funds
https://bitcoinke.io/2022/06/world-bank-poor-transparency-to-blame-for-high-cost-of-remittances/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
WORLD BANK: Poor Transparency to Blame for High Cost of Remittances in Developing Nations - BitcoinKE
Africa leads In Cost of Sending Remittances One of the major problems attracting fintech innovation in Africa is the sending of remittances. According to the World Bank, Africans pay the most for sending remittances to their home countries, with the figure…
Kenyan🇰🇪 Detectives Nab Students Hacking Credit Cards to Buy Bitcoin
In the sophisticated crime, the students create fake email accounts which they use to hack credit cards and use them to buy bitcoins that are then converted back into KES.
https://bitcoinke.io/2022/06/kenya-detectives-nab-students-buying-bitcoin-from-stolen-credit-cards/
In the sophisticated crime, the students create fake email accounts which they use to hack credit cards and use them to buy bitcoins that are then converted back into KES.
https://bitcoinke.io/2022/06/kenya-detectives-nab-students-buying-bitcoin-from-stolen-credit-cards/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Kenyan Detectives Nab Students Hacking Credit Cards to Buy Bitcoin - BitcoinKE
https://twitter.com/DCI_Kenya/status/1537303769179996161 A notorious gang, which has been hacking people’s credit cards before using them to purchase bitcoins and convert them to Kenyan currency, has been arrested by detectives from the Directorate of Criminal…
The President of Central African Republic🇨🇫 Remains Bullish Despite Bitcoin Downturn
President Faustin-Archange Touadera is unfazed by the recent price slump of crypto assets, indicating that the country's decision to adopt bitcoin remains the right path
https://bitcoinke.io/2022/06/the-president-of-central-african-republic-car-remains-bullish-despite-bitcoin-downturn/
President Faustin-Archange Touadera is unfazed by the recent price slump of crypto assets, indicating that the country's decision to adopt bitcoin remains the right path
https://bitcoinke.io/2022/06/the-president-of-central-african-republic-car-remains-bullish-despite-bitcoin-downturn/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
The President of Central African Republic (CAR) Remains Bullish Despite Bitcoin Downturn - BitcoinKE
https://twitter.com/FA_Touadera/status/1536821791062212615 Central African Republic (CAR) President, Faustin-Archange Touadera, is unfazed by the recent price slump of crypto assets, indicating that the country's decision to adopt bitcoin remains the right…
The Nigerian🇳🇬 Stock Exchange Plans to Adopt Blockchain in 2023 to Lure Youth Traders
“For a lot of young Nigerians, that is the kind of technology they adopt and we want to see how we can deploy it to grow our market.” – CEO, Nigeria Stock Exchange
https://bitcoinke.io/2022/06/nigerian-stock-exchange-to-adopt-blockchain/
“For a lot of young Nigerians, that is the kind of technology they adopt and we want to see how we can deploy it to grow our market.” – CEO, Nigeria Stock Exchange
https://bitcoinke.io/2022/06/nigerian-stock-exchange-to-adopt-blockchain/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
The Nigerian Stock Exchange Plans to Adopt Blockchain in 2023 in Bid to Lure Youth Traders - BitcoinKE
In its latest move to integrate crypto and blockchain, Nigeria's stock exchange plans to start a blockchain-enabled exchange platform in 2023 to deepen trade and lure young investors to the market. The move follows the introduction of regulations to guide…
More 🟥 for BTC and ETH this Sunday!
Here is some hope though:
https://bitcoinke.io/2022/06/bitcoin-falls-below-18k-dollars/
Here is some hope though:
https://bitcoinke.io/2022/06/bitcoin-falls-below-18k-dollars/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Bitcoin Falls to $18,000 While Ethereum is Down Below $1,000 - BitcoinKE
As crypto prices continue to drop, bitcoin has now breached the $18, 000 mark, and at one time going as low as $17, 600. At the same time, Ethereum is now below the $1, 000 mark. As inflation continues to wreck havoc in the wider tech stock market and the…
Stablecoins Surpass 15% of Crypto Market as $USDC Gains on $USDT
When you look at crypto rankings, you will see 3 stablecoins in the top 10 digital currencies:
* Tether ( $USDT) @ $68.5B
* USD Coin ( $USDC) @ $54.3B
* Binance USD ( $BUSD) @ $17.3B
https://bitcoinke.io/2022/06/stablecoins-surpass-15-percent-crypto-market-cap-on-usdt/
When you look at crypto rankings, you will see 3 stablecoins in the top 10 digital currencies:
* Tether ( $USDT) @ $68.5B
* USD Coin ( $USDC) @ $54.3B
* Binance USD ( $BUSD) @ $17.3B
https://bitcoinke.io/2022/06/stablecoins-surpass-15-percent-crypto-market-cap-on-usdt/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Stablecoins Surpass 15% of Crypto Market as $USDC Gains on $USDT - BitcoinKE
Stablecoins now represent 16.77% of the entire cryptocurrencies market capitalization, with a market cap of $154.6 billion, according to data from various platforms. The total crypto market cap is $940 billion, as of June 20, 2022. Stablecoins, a type of…
EXPLAINER GUIDE: How To Use the Sarafu Network and Get Sarafu Tokens Using USSD Shortcodes in Kenya 🇰🇪
Sarafu is the most successful and practical deployment of blockchain-based tokens in real-world use case in Kenya.
The network has transacted millions of dollars with over 50K users, and having already been deployed by the Kenya Red Cross in humanitarian efforts.
Sarafu is currently being used in low-income neighborhoods in Kenya to substitute for a lack of physical cash when purchasing goods and services.
To try out Sarafu for yourself and community / friends today, you’ll need to follow three simple steps:
https://bitcoinke.io/2022/06/how-to-get-and-use-the-sarafu-network-tokens/
Sarafu is the most successful and practical deployment of blockchain-based tokens in real-world use case in Kenya.
The network has transacted millions of dollars with over 50K users, and having already been deployed by the Kenya Red Cross in humanitarian efforts.
Sarafu is currently being used in low-income neighborhoods in Kenya to substitute for a lack of physical cash when purchasing goods and services.
To try out Sarafu for yourself and community / friends today, you’ll need to follow three simple steps:
https://bitcoinke.io/2022/06/how-to-get-and-use-the-sarafu-network-tokens/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
EXPLAINER GUIDE: How To Use the Sarafu Network and Get Sarafu Tokens Using USSD Shortcodes in Kenya - BitcoinKE
Sarafu voucher is one of the community inclusion currencies (CICs) that have been spearheaded by Grassroots Economics (GE) to address the problem of low liquidity among poor communities. GE works with individuals, groups, and organisations to help them issue…
EXPLAINER GUIDE: How to Purchase $USDC Using Kenya Shillings (KES)🇰🇪 on MoneyGram
Unlike most wallets, you also get a username that people can select when they are sending funds to you.
One of the things that you can do with the service includes:
* Get $USDC for cash
* Get cash for $USDC
https://bitcoinke.io/2022/06/how-to-purchase-usdc-using-kenya-shillings-on-moneygram/
Unlike most wallets, you also get a username that people can select when they are sending funds to you.
One of the things that you can do with the service includes:
* Get $USDC for cash
* Get cash for $USDC
https://bitcoinke.io/2022/06/how-to-purchase-usdc-using-kenya-shillings-on-moneygram/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
EXPLAINER GUIDE: How to Buy $USDC Using Kenya Shillings (KES) on MoneyGram - BitcoinKE
MoneyGram recently announced the rollout of an on/off ramp service for digital wallets to increase the utility of digital assets by creating a bridge between cash and cryptocurrencies. The leading money transfer service, which employs an agent system where…
Binance Targets VIP Clients and Institutions with New Service
Here is a list of some of the groups and individuals targeted by Binance Institutional:
* Asset Managers
* Brokers
* Hedge Funds
* Family Offices
* Proprietary Trading Firms
* Liquidity Providers
* HNWIs
* Mining Companies
What will the product offer the above? Check out this post for details:
https://bitcoinke.io/2022/06/binance-targets-vip-clients-and-institutions/
Here is a list of some of the groups and individuals targeted by Binance Institutional:
* Asset Managers
* Brokers
* Hedge Funds
* Family Offices
* Proprietary Trading Firms
* Liquidity Providers
* HNWIs
* Mining Companies
What will the product offer the above? Check out this post for details:
https://bitcoinke.io/2022/06/binance-targets-vip-clients-and-institutions/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Binance Targets VIP Clients and Institutions with New Service - BitcoinKE
Binance, one of the leading crypto exchanges globally, has launched Binance Institutional, which will provide premium services targeting VIPs and institutions. In the landing page for the new offering, we can see that Binance Institution will have 4 key services:…
🇺🇬 Seeks CBDC Lessons from 🇳🇬
In a tweet, the Central Bank of Nigeria (CBN) indicated that Governor, Godwin Emefiele, had advised visiting Bank of Uganda officials on the establishment of a Central Bank Digital Currency (CBDC).
https://bitcoinke.io/2022/06/uganda-seeks-cbdc-lessons-from-nigeria/
In a tweet, the Central Bank of Nigeria (CBN) indicated that Governor, Godwin Emefiele, had advised visiting Bank of Uganda officials on the establishment of a Central Bank Digital Currency (CBDC).
https://bitcoinke.io/2022/06/uganda-seeks-cbdc-lessons-from-nigeria/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Uganda Seeks CBDC Lessons from Nigeria - BitcoinKE
https://twitter.com/cenbank/status/1524036664531853313 Nigeria's experience in launching the first CBDC in Africa, and among the first in the world, is being sought by officials of the Bank of Uganda (BoU) which continues to explore its own CBDC. In a tweet…
9 Out of 13 African Countries Chasing CBDCs Are in Research Phase, Says The IMF
African countries researching CBDCs are:
🇰🇪
🇲🇬
🇲🇺
🇳🇦
🇷🇼
🇹🇿
🇺🇬
🇿🇲
🇿🇼
https://bitcoinke.io/2022/06/13-african-countries-chasing-cbdcs-says-imf/
African countries researching CBDCs are:
🇰🇪
🇲🇬
🇲🇺
🇳🇦
🇷🇼
🇹🇿
🇺🇬
🇿🇲
🇿🇼
https://bitcoinke.io/2022/06/13-african-countries-chasing-cbdcs-says-imf/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
9 Out of 13 African Countries Chasing CBDCs Are in Research Phase, Says The IMF - BitcoinKE
According to the International Monetary Fund (IMF), 13 countries in Africa are in various stages of piloting, deploying and even using Central Bank Digital Currencies (CBDCs). CBDCs are digital versions of cash that are more secure and less volatile than…
Nigeria’s Xend Finance Hits 100K Users and Enables Local Currency Conversions to StableCoins
Xend Finance, a leading Decentralized Finance (DeFi) platform in Africa, has announced it has crossed 100, 000 users on its savings platform.
The Binance and Google Launchpad-backed company will also now allow users from Ghana and Kenya to convert their local currency – Cedis and Shillings – to stable cryptocurrency and save.
Recognizing the milestone, CEO and Co-Founder of Polygon, Sandeep Nailwal, said: .......
https://bitcoinke.io/2022/06/xend-finance-hits-100k-users/
Xend Finance, a leading Decentralized Finance (DeFi) platform in Africa, has announced it has crossed 100, 000 users on its savings platform.
The Binance and Google Launchpad-backed company will also now allow users from Ghana and Kenya to convert their local currency – Cedis and Shillings – to stable cryptocurrency and save.
Recognizing the milestone, CEO and Co-Founder of Polygon, Sandeep Nailwal, said: .......
https://bitcoinke.io/2022/06/xend-finance-hits-100k-users/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Nigeria’s Xend Finance Hits 100K Users and Enables Local Currency Conversions to StableCoins - BitcoinKE
JUNE 29, 2022, Enugu, Nigeria Xend Finance, a leading Decentralized Finance (DeFi) platform in Africa, has announced it has crossed 100, 000 users on its savings platform. At the same time, it has announced the opening of the platform to savings in local…
Bank of International Settlements (BIS) Proposes Letting Banks Hold 1% of Reserves in #Bitcoin
This was revealed in its consultative document titled ‘Second consultation on the prudential treatment of cryptoassets,’ published in June 2022.
https://bitcoinke.io/2022/07/bis-proposes-letting-banks-hold-reserves-in-bitcoin/
This was revealed in its consultative document titled ‘Second consultation on the prudential treatment of cryptoassets,’ published in June 2022.
https://bitcoinke.io/2022/07/bis-proposes-letting-banks-hold-reserves-in-bitcoin/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Bank of International Settlements (BIS) Proposes Letting Banks Hold 1% of Reserves in Bitcoin - BitcoinKE
The Basel Committee on Banking Supervision (BCBS), a committee of the Bank for International Settlements (BIS) has made a proposal for limiting the banks’ total exposures to “Group 2 cryptoassets to 1% of Tier 1 capital.” This was in its consultative document…
[WATCH] FBI Offers $100,000 for Most Wanted Crypto Fugitive, ‘CryptoQueen’ – Founder of OneCoin
The security agency says Ignatova is the newest addition to its 10 Most Wanted Fugitives List. Ruja wanted for allegedly leading crypto fraud scheme
See details:
https://bitcoinke.io/2022/07/cryptoqueen-most-wanted-crypto-fugitive-by-fbi/
The security agency says Ignatova is the newest addition to its 10 Most Wanted Fugitives List. Ruja wanted for allegedly leading crypto fraud scheme
See details:
https://bitcoinke.io/2022/07/cryptoqueen-most-wanted-crypto-fugitive-by-fbi/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
[WATCH]FBI Offers $100,000 for Most Wanted Crypto Fugitive, ‘CryptoQueen’ – Founder of OneCoin - BitcoinKE
https://twitter.com/FBI/status/1542542569351135233 The Federal Bureau of Investigation (FBI) is offering a reward of up to $100,000 for information leading to the arrest of Ruja Ignatova, popularly known as 'CryptoQueen.' The security agency says Ignatova…
The Second of the 3 Public Ethereum Testnets, Sepolia, Transitions to PoS Ahead of Full Merge
This event means Ethereum is one more step closer to create a full PoS Ethereum blockchain.
See full details here:
https://bitcoinke.io/2022/07/sepolia-transitions-to-pos/ @ethereum
This event means Ethereum is one more step closer to create a full PoS Ethereum blockchain.
See full details here:
https://bitcoinke.io/2022/07/sepolia-transitions-to-pos/ @ethereum
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
The Second of the 3 Public Ethereum Testnets, Sepolia, Transitions to PoS Ahead of Full Merge - BitcoinKE
https://twitter.com/TimBeiko/status/1542593831937273857 The Ethereum merge draws closer after the deployment of ETH 2.0 on the second Testnet, Sepolia. The Ropsten Testnet beacon chain was launched earlier and since it went smoothly, the next key step towards…