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UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption

UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption

The United Nations Office of Drugs and Crime (UNODC) wants Kenya to embrace blockchain technology to fight runaway corruption.

Red Cross to Help Disaster-Riddled Communities in Kenya via Blockchain

Red Cross to Help Disaster-Riddled Communities in Kenya via Blockchain

Red Cross is eyeing to use blockchain-backed “local currencies” to help revitalize poor communities and establish a thriving economy on the foundation of smooth trades. As a result, the Red Cross societies of Kenya, Norway, Denmark, will be partnering to steer this initiative.

NEAR Foundation Sets Up a Regional Hub in Kenya, Boosting  Blockchain Innovation in Africa

NEAR Foundation Sets Up a Regional Hub in Kenya, Boosting Blockchain Innovation in Africa

NEAR Foundation has launched a regional hub in Kenya in collaboration with Sankore, an African-focused blockchain community, to trigger talent development, education, and blockchain innovation on African soil.

Venom To Launch A Blockchain Hub With Kenyan Government

Venom To Launch A Blockchain Hub With Kenyan Government

Venom Foundation has announced a strategic partnership with the Government of Kenya to establish a “blockchain hub” in Africa, focusing on the development of Web3 and blockchain technology applications. This collaboration aims to drive innovation in key sectors such as financial infrastructure, supply chain, agriculture, SMEs, and cross-border trade, benefiting Kenya and the entire African continent.

Kenyan Central Bank Seeks Public Opinion concerning CBDC

Kenyan Central Bank Seeks Public Opinion concerning CBDC

As a change of tune about crypto assets, the Central Bank of Kenya (CBK), Kenya’s apex bank, seeks to know the public's view about the potential introduction of CBDC.

Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance

Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance

To expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has partnered with AZA Finance, a Kenyan-based fintech company.

Kenyan law taxes crypto protects consumers

Kenyan law taxes crypto protects consumers

Kenyans who possess or trade in cryptocurrencies must report their activity to the government for tax reasons. Cryptocurrency kept for less than a year is subject to income tax, while capital gains tax applies after that. Kenya levies an income tax ranging from 10% to 30%. Banks currently levy a 20% excise tax on all cryptocurrency commissions and fees.

Bitcoin Adoption in Africa Sees Massive Surge as P2P Volumes Hit All-Time Highs

Bitcoin Adoption in Africa Sees Massive Surge as P2P Volumes Hit All-Time Highs

Crypto analyst Kevin Rooke has revealed that Bitcoin is having a field day as peer to peer (P2P) volumes are hitting all-time highs (ATHs) as a 2.5-fold surge has been experienced since March. Some of the African nations leading the pack include Kenya, South Africa, Nigeria, and Ghana, as the Bitcoin being traded weekly has exceeded $1 million.

Authentication of Medicinal Products Made Possible by Blockchain Technology

Authentication of Medicinal Products Made Possible by Blockchain Technology

Kadena, a blockchain network, has partnered with Rymedi, a healthcare data platform provider, to validate the quality of medicinal products via blockchain.

Twitter CEO Jack Dorsey Intends to Donate Proceeds from Tweet NFT to Africa Relief Charity

Twitter CEO Jack Dorsey Intends to Donate Proceeds from Tweet NFT to Africa Relief Charity

Twitter CEO Jack Dorsey has capitalized on the non-fungible token (NFT) hype that has been going around.

Billionaire Chris Kirubi Warns Followers of Bitcoin Scammers Impersonating the Kenyan Tycoon

Billionaire Chris Kirubi Warns Followers of Bitcoin Scammers Impersonating the Kenyan Tycoon

Dr. Chris Kirubi continues fighting against Bitcoin scams using his name as an endorsement.

Akon’s Plans for a Futuristic Crypto City in Senegal Progresses with a $6B Construction Contract

Akon’s Plans for a Futuristic Crypto City in Senegal Progresses with a $6B Construction Contract

American-Senegalese music icon Akon announced plans to build a cryptocurrency city that would revolutionize the developing economic landscape in Africa.

Kenya’s Bitcoin Trading Volumes Hit $45.95 Million in 2020, Second Highest in Africa

Kenya’s Bitcoin Trading Volumes Hit $45.95 Million in 2020, Second Highest in Africa

Kenya’s Bitcoin (BTC) trading volumes skyrocketed by 472 percent in 2020 to stand at $45.95 million (Ksh 5.1 billion).

Bitcoin Access in East Africa Boosted by Paxful

Bitcoin Access in East Africa Boosted by Paxful

Paxful a Bitcoin peer-to-peer platform seeks to propel Bitcoin Access in East Africa by educating the populace about Bitcoin and peer-to-peer financing.

China's Crypto Adoption is Ahead of the US, According to Chainalysis’ On-Chain Metrics

China's Crypto Adoption is Ahead of the US, According to Chainalysis’ On-Chain Metrics

Chainalysis recently published a report on the global adoption of cryptocurrencies and found that China is ahead of the US on the list.

Why is Nigeria Africa’s Biggest Crypto Hotspot Even Though it Doesn't Even Have a Bitcoin ATM?

Why is Nigeria Africa’s Biggest Crypto Hotspot Even Though it Doesn't Even Have a Bitcoin ATM?

Nigeria is the biggest crypto market in Africa, but based on official records it does not have a functional Bitcoin ATM. WeeTracker reported on Jan 27 that this trend is noted in Nigeria despite it backing the first stablecoin project in the continent using its currency the Naira.

Cryptocurrency Giving People in Africa the Power Against Rising Inflation

Cryptocurrency Giving People in Africa the Power Against Rising Inflation

Despite being a driving force behind several innovations across the globe, cryptocurrency continues to make its mark in Africa. Based on recent breaking news, let’s see how cryptocurrency gives Africans a hedge against inflation.

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