Hong Kong Gives Greenlights for its First Bitcoin, Ethereum Spot ETFs

Hong Kong, on Monday, approved several spot Bitcoin and Ethereum exchange-traded funds(ETFs), the latest development in its quest to become a major cryptocurrency hub. The Hong Kong Securities and Futures Commission (SFC) officially granted these approvals to China Asset Management (Hong Kong), Bosera Capital, and HashKey Capital Limited, as well as an in-principle approval for Harvest Global Investments. “The introduction of the Virtual Asset Spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong’s status as an international financial center and a hub for…

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Nigeria, South Africa, and Kenya Lead the Way as Africa’s Most Crypto Nations

Nigeria remains the undisputed king of crypto in Africa with far and away the highest number of crypto users/holders in all the continent. Interestingly, Africa’s four powerhouse economies are the four countries with the most crypto holders – Nigeria, SA, Kenya, and Egypt, respectively. Bitcoin continues to hold or maintain a respectable valuation and is currently the brightest of all cryptocurrencies. The world is still going crazy for virtual currencies and Africa, the leapfrog continent, never to be left too far behind, has emerged as a crypto haven. Interestingly, the…

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Crypto market to hit $5 trillion by end of the year, says Ripple CEO

Ripple CEO, Brad Garlinghouse, has predicted the crypto market to cross the $5 trillion threshold by the end of the year. According to the CEO of the blockchain company, the total market capitalization of the crypto market has what it takes to double its size before 2024.  Garlinghouse backed his prediction by outlining several factors that he thinks will be the driving force behind the meteoric rise he envisions for the crypto market. The CEO highlighted the upcoming Bitcoin halving, an event which has over the years, proven to be…

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Ripple Plans to Launch USD Stablecoin On XRP Ledger

Ripple Labs, the parent company of the digital coin XRP, has announced plans to launch its USD-pegged stablecoin this year. Speaking to reporters, Brad Garkinghouse, Chief Executive Officer of the company stated that, the stablecoin will be backed by a one-to-one reserve of US dollar deposits, short-term US government treasuries, along with other cash equivalents.  Ripple’s stablecoin will initially be available on the XRPL(XRP Ledger) and the Ethereum (ETH) blockchains using XRPL native functionality and ERC20 token standards but plans to expand to additional networks and decentralized finance (DeFi) protocols…

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Top 14 Crypto Exchanges that Support Ghana, Nigeria, South Africa, Kenya, and the World 

Many crypto exchanges have over the years come out since the breakout of Bitcoin and other altcoins. In this article, we have listed 14 crypto exchanges that support the majority of African countries including South Africa, Ghana, Nigeria, Zimbabwe, Zambia, Kenya, etc.  Below are the top crypto exchanges in Africa that support several countries in the motherland: Binance BitMEX Gate.io HitBTC Kraken Gemini IDAX Paxful KuCoin LocalBitcoins BitPanda CoinSwitch Cryptopia Exrates   Binance Binance is a cryptocurrency exchange platform based out of Hong Kong. It was founded by Changpeng Zhao…

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Best (5) Crypto lending platforms you can trust in Africa and Beyond (2024)

In this article, we have compiled a list of some of the trusted and best crypto lending platforms in Africa and beyond where one can lend crypto to earn more interest. By lending cryptocurrency assets to different platforms, one can accrue high interest by staking rather than just keeping it in your wallet. In this article, we have compiled a list of some of the trusted and best crypto lending platforms in Africa and beyond where one can lend crypto to earn more interest. Here, you can find: BlockFi CoinRabbit…

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United States Government transfers $130 million in seized Bitcoin to Coinbase

US government moves $130million worth of Bitcoin to a Coinbase wallet. The United States government has reportedly moved approximately $130 million worth of Bitcoin to the digital wallet of one of the biggest crypto exchanges in the world, Coinbase Global Inc.  The latest development comes after the United States government announced in January, that it was going to offload almost $2 billion worth of Bitcoin, confiscated from the now-defunct dark web marketplace, Silk Road, as part of an “expected eventual liquidation of the seized assets.” Initial reports stated that the…

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Bitcoin Mining. 7 Steps to Mine Bitcoin in Africa

This article walks you through the most important things to know before mining Bitcoin in places like Africa. Bitcoin mining is a very complicated process, and in this article, I will walk you through some of the things you need to know. Before then, let’s take a brief look at what Bitcoin mining is. What is Bitcoin Mining? Bitcoin mining is the process through which new transactions are verified in the Bitcoin digital currency ecosystem. It can also be defined as the process through which new Bitcoin enters into circulation.…

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Cryptocurrency For Beginners: 3 Provable Ways to Make Money From Cryptocurrency in Africa

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How to Make Money from Crypto: Are you a newbie in the world of cryptocurrency and interested in knowing more about cryptos and how to make money from them? Then this article is for you. Cryptocurrency is a decentralized digital currency that runs on a technology called the blockchain. To take you through a brief history of this groundbreaking technology, I will start with its global presence in 2009 when the first crypto called Bitcoin was launched by a mysterious person/persons called Satoshi Nakamoto. Bitcoin was meant to ensure that…

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Brad Garlinghouse: The Man Behind Ripple and Its XRP Token

If you’ve been keeping up with the world of cryptocurrency, you’ve likely heard of Ripple and its XRP token. Many people are curious about the man behind this innovative company. Brad Garlinghouse is the CEO of Ripple, and he is widely regarded as one of the most influential people in the cryptocurrency industry. In this post, we’ll explore the life of Brad Garlinghouse, his background, his career, and his vision for Ripple and XRP. We’ll take a deep dive into the history of Ripple and how it grew to become…

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