Africa

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Classified Ads Site in South Africa Reports Increase in High-Ticket Bitcoin Listings

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Online classifieds and community website, Gumtree South Africa, has reported a significant increase in the number of listings posted specifically asking to trade items for bitcoin. In particular, the website reports a proliferation in the number of listings for luxury vehicles that are asking for bitcoin as payment. Also Read: Markets Update: The Top 68 Cryptos … Read more

Bitcoin Adoption Continues to Thrive Within Africa’s Borders

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According to multiple reports this week the decentralized currency bitcoin is still booming in many African countries. From South Africa to the Sub-Saharan region, citizens from all walks of life are finding bitcoin beneficial. This is making domestic cryptocurrency exchanges and peer-to-peer trading platforms’ volumes climb while digital currencies are also selling at a premium. … Read more

African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar

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Concerned about the US dollar’s predicted drop in value, and many African countries relying on USD cash reserves, vice president of Groupe Nduom, a leading financial holding company, Papa-Wassa Chiefy Nduom, has taken to Linkedin and Twitter to make the case for less reliance on greenbacks and more investment in bitcoin.    Also read: Jimmy … Read more

Bitcoin Adoption in Africa Hinders EAC Plans for a Unified Currency

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Due to a declining economy and eroding national currencies, the East African Community (EAC), an intergovernmental central bank organization composed of six countries in eastern Africa have plans to adopt a unified currency. However, the growing popularity of bitcoin and other digital currencies are hindering the East African central bank’s abilities to establish a harmonized … Read more

Pineapple Fund Donates $5 Million in Bitcoin as Seed Capital for the Poor

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One of the greatest things about having true wealth is offering a helping hand to those less fortunate. A new venture, Pineapple Fund, is showing the luckiest members of the bitcoin community how can this be done best.  Also Read: Paxful to Help Fund 100 Schools in Africa #BuiltWithBitcoin Pineapple Seeds Pine, the anonymous bitcoin … Read more

China’s Bruno Wu Takes Controlling Interest in Licensed US Crypto Exchange

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Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency … Read more

Bitcoin is Trading at a 40% Premium in Africa – Here’s Why

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This week bitcoin surpassed $19,000 on global exchanges, with the exception of one continent – Africa. Customers of the world’s second largest and second most populous continent were already paying that much per coin back in November. Prices at Africa’s Golix.com exchange have been 40% higher than the rest of the word for months. Now … Read more