Kenya and Namibia join 10 African countries on FATF grey list
This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.
Cameroon
Crypto startup Canza Finance raises $2.3 million strategic funding round
The funds were raised to support the development of the startup's decentralized finance (DeFi) solution.
Coinbase taps Yellow Card as on- and off-ramp partner for African expansion
Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.
Nigeria received nearly $60 billion in crypto value in a year
Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Crypto adoption on the rise in Cameroon, amidst growing concerns of Ponzi schemes - study
Numerous companies offering crypto products in Cameroon follow the Ponzi scheme patterns, resulting in losses, the study reads.
Btrust, cofounded by Jack Dorsey and Jay Z, acquires African Bitcoin talent development firm Qala
The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.
A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable
South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.