Blockchain & crypto news from India
A BBC report recently highlighted the stalled state of Akon’s dream – a $6 billion worth Bitcoin city in his native country of Senegal. Though even a single stone is yet to be placed, Akon still believes in the project and has come out with more promises and plans. He has however re-assured that those…
An ecosystem is described as a “complex group of creatures whose habitat works as one entire ecological unit” in the Merriam-Webster dictionary. The Bitcoin ecosystem is a young but promising network of peer-to-peer and traditional Bitcoin exchange platforms, community educators, investors, core developers, entrepreneurs, and enthusiasts who are all working together to create an African…
As per a study, Nigeria showed more interest in cryptos than any other nation since the digital in April. Nigeria ranked 371 in the study that looked at Google Trends data for 6 searches like ‘invest in cryptocurrency’ or ‘buy cryptocurrency’ that were then mixed to give each English-speaking country a total search score. The…
In three policy briefs released on, UNCTAD, the UN agency for trade and development, urged action to prevent the use of cryptocurrencies in developing countries. Private digital currencies have benefited certain people and organizations. The hazards they represent to monetary system security, domestic resource mobilization, and financial stability outweigh whatever benefits they may have for…
In emerging nations like those in Africa, cryptocurrencies have gained popularity. According to a policy brief recently published by UNCTAD, a United Nations organization. Significant segments of the populations of South Africa (7.1%), Kenya (8.5%), and Nigeria (6.3%) use these digital currencies. The Central African Republic recognized bitcoin as legal tender in June. Why Is…
Speculative investments and cryptocurrency crashes are occasionally associated with blockchains. Some start-ups are attempting to implement Web3 use cases in Africa, such as getting unbanked individuals online and into a more centralized financial system. According to data from the Swiss Crypto Valley Venture Capital, or CV VC, while funding for African blockchain businesses raised $127…
An Overview: African Plastic Waste Crisis The last 30 governments in the continent have restricted their use, with Kenya levying the world’s strictest ban on plastic bags in 2017. Africa has been facing severe flooding, and one of the reasons is the blocking of drainage pipes caused by plastic bags. Every year, more than 15…