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AFRICAN NEWS

Revolut Faces $20 Million Loss in Cyberattack

London-based payments giant, Revolut, has reportedly fallen victim to a significant cyberattack resulting in a loss of approximately $20 million. Multiple anonymous sources familiar with the incident disclosed the breach...
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Namibian National Assembly Passes Bill to Regulate Digital Assets and Cryptocurrencies

The Namibian National Assembly has recently approved a bill aimed at regulating digital assets, cryptocurrencies, and digital asset service providers in the country. The bill, which is currently awaiting official...
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CoinNewsExtra Launches CNETv: The First Tokenized Watch-2-Earn 24/7 Live Broadcasting TV App for Blockchain, crypto, Ai and Fintech ecosystem

Africa’s Largest Blockchain Media Platform Introduces Innovative TV App to Revolutionize User Engagement [Lagos, Nigeria. 28th June 2023] – CoinNewsExtra, Africa’s leading blockchain, cryptocurrency, Fintech, and AI media platform, is...
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Nigerian Securities and Exchange Commission Declares Binance Activities Illegal

In a recent statement, the Securities and Exchange Commission (SEC) of Nigeria has officially declared the activities of Binance in Nigeria to be illegal. This move has significant implications for...
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Central Bank of Kenya Receives Feedback on Digital Shilling, Takes a Measured Approach

The Central Bank of Kenya recently received feedback on a discussion paper regarding the potential issuance of a digital shilling. While the bank has not reached a definitive conclusion, it...
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Renowned Nigerian Crypto Exchange Patricia Faces Major Security Breach, Temporarily Suspends Fund Withdrawals

Patricia, a well-known cryptocurrency exchange based in Nigeria, has recently faced a significant security breach that has impacted its Bitcoin and Naira assets. In response, the company has taken immediate...
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Centbee Partners with nChain to Boost Blockchain Payments Technology

Centbee, a blockchain payments company, has announced a strategic partnership with nChain, a prominent Web3 and Blockchain technology leader, to enhance its blockchain payments technology offerings. The collaboration will involve...
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Central African Republic’s Adoption of Bitcoin Receives Optimistic Outlook from IMF

The Central African Republic (CAR) has recently received positive feedback from the International Monetary Fund (IMF) regarding its adoption of Bitcoin (BTC) as legal tender. The IMF’s optimistic stance reflects...
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Nelson Mandela Foundation Embraces NFTs for Fundraising Initiatives

The Nelson Mandela Foundation (NMF) has embraced the use of non-fungible tokens (NFTs) as a means of raising funds for its endeavors, as reported in South Africa. NFTs are distinct...
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Kenya’s Proposed Cryptocurrency Tax Compared to Binance’s Trading Fees

A comparison between Kenya’s proposed 3% tax on cryptocurrencies and Binance’s 0.10% trading fee reveals a stark difference in costs for traders. Kenya’s move towards cryptocurrency regulation began in November,...
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