Peer-to-peer bitcoin exchange Paxful suspends operations amid cofounder legal troubles
CEO Ray Youssef announced the news via a website statement, noting he is unsure whether operations will resume.
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Crypto exchange Bybit partners Nigeria-based Innovation Growth Hub for blockchain education
“Our goal is to give young people the knowledge and skills they need to understand and engage with blockchain technology,” a Bybit spokesperson said.
Stellar Network and DFS Lab launch fund to support African fintech startups
The fund will back startups building digital payment solutions on the Stellar blockchain.
Bank of Ghana delays CBDC launch due to the ‘dislocation of the economy’
The pilot of the project was successful but other factors have been responsible for the silence on the launch.
Leading Zimbabwean trade body warns against full dollarization of the economy
76% of government spending is in U.S. dollars and could cause damage to Zimbabwe’s economy long term, the Confederation of Zimbabwe Industries wrote
Central African countries to ditch French colonial currency
The move follows widespread calls for a change of currency and to end French representation in key decision-making bodies
Pan-African bank Absa wants to digitize trade finance with blockchain
The bank will be able to adopt a digital process for issuing letters of credit