Search Results for: Bitcoin

Nigeria is now the No.2 bitcoin market on this fast-growing global marketplace

During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the nearly $400,000 raised. It was just one high-profile example of …

Read More »

Morocco currency regulator bans bitcoin for transactions

emCash

The currency regulator for Morocco has announced a ban on transactions in bitcoin and other virtual currencies, the AFP reports. “Transactions via virtual currencies constitute a breach of regulations, punishable by penalties and fines,” the Offices des Changes said in a statement on its website. The announcement came a week after Moroccan digital services company MTDS said it would accept …

Read More »

Black-Owned Bitcoin Startup BitMari Makes History And Expands Territory To Zimbabwe

BitMari

As Digital Currency Values Skyrocket BitMari Becomes 1st to Partner with African Bank. WASHINGTON, DC June 7, 2017 — BitMari, the world’s leading Pan-African Bitcoin wallet provider, has partnered with Agricultural Bank of Zimbabwe to integrate Bitcoin and blockchain technology into their consumer offerings. This marks the first time an African commercial bank has agreed to work with a Bitcoin company. …

Read More »

Bitcoin And Other Virtual Currency Security Risk In Ghana

The usage of Bitcoin and kitiwa among other virtual currencies and markets pose severe risks to Ghana’s security says the country’s Financial Intelligence Centre. The assessment is based on available international records that show insurgencies have been funded from Ghana. Saddled with combating money laundering and terrorist financing, the centre is now working to make Ghana the first country in West Africa to publish its national risk …

Read More »

When it comes to finance and trade Winvestnet CEO Reda Rami sees Africa

In 1998, Reda Rami created and launched what was to be his first career success, The International Investment And Finance Forum (TIIFF) in Casablanca, Morocco. TIIFF was an initiative that brought together financial experts and industry specialists to hold conversations around the major issues in global economics and finance, stock market crashes, investment banking opportunities, and suggest strategies for a …

Read More »

Nigeria Bans cryptocurrency trade

Nigeria’s central bank ordered deposit-taking banks and other financial institutions to immediately close accounts transacting in or operating cryptocurrency exchanges, saying such deals are “prohibited.” Failure to comply with the directive will result in “severe regulatory sanctions,” according to a circular sent to financial institutions on Friday and published on the central bank’s website. The country’s Securities and Exchange Commission …

Read More »

Nigerian numismatist Adetunji Omotola and his love for Africa’s currencies

Adetunji Omotola

So TheAfricanDream.net out of curiosity recently got curious about our favorite numismatist Adetunji Omotola and his interest in Africa’s over 53 currencies, especially when the Nigerian made us aware that as of January 1, 2013, the Zambian Kwacha (ZMW) was the strongest currency on the continent. In our quest to find out more about Africa’s currencies from our amateur numismatist …

Read More »

Top Global Blockchain Experts Head To South Africa

Blockchain

For some, blockchain is a word they hear thrown around from time to time, but they don’t have a clue what it all means. For others, blockchain represents an incredible chance to shake things up, thanks to the opportunities offered by digital currencies and blockchain technology. If you fall into that latter category, you should already have heard about the annual …

Read More »

emCash becomes Dubai’s First Official State Cryptocurrency

emCash

The government of Dubai in the United Arab Emirates (UAE) has revealed details of its own blockchain-based cryptocurrency, called emCash. In major news coming out of the UAE, the government of the city of Dubai will develop and implement emCash, an encrypted blockchain-powered digital currency that will enable citizens to pay for government and non-government services alike. The digital currency …

Read More »