Ghana Financial News

12.04 / 09:03

Binance FTX collapse Framework India G20 presidency aims to develop common framework for crypto risks: Nirmala Sitharaman

cryptocurrencies in the wake of the recent shocks witnessed in the crypto market. Last year's episode of FTX's bankruptcy following a spat with Binance triggered a huge sell-off in the market and reduced liquidity. This event made the world realise the vulnerability of this asset class as they do not have any underlying value.

11.04 / 08:09

business regulation Investments G20 global crypto community AIM global framework Framework G20 countries aim to develop global framework against crypto-related risks

The G20 — an intergovernmental forum comprising 19 countries and the European Union — has planned to develop a common framework for helping all countries deal with risks associated with cryptocurrency investments.

30.03 / 11:51

Continental U.S. Pushes for Business Investment in Africa to Counter China’s Reach

The Biden administration is pushing hard for American businesses to invest in Africa despite the obstacles they face there, more than a decade after China began expanding its economic and political ties with countries across the continent.

29.03 / 13:19

Continental U.S. Pushes for Business Investment in Africa to Counter China’s Reach

29.03 / 12:25

Adoption Banks Africa DApp community Podcast Bitcoin Africa: The next hub for Bitcoin, crypto adoption and venture capital?

The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases.

27.03 / 21:25

BLOCK Africa Bitcoin Financial Bitcoin is Set to Disrupt Africa's $85 Billion Financial System – Here's What You Need to Know

Bitcoin (BTC) is on its way to become the currency of choice for moving money between African countries, a new CNBC report has revealed.

23.03 / 15:39

Blockchain Ethereum Adoption Metaverse Africa How blockchain can help reimagine a new state in Africa

On episode 12 of Cointelegraph’s Hashing It Out podcast, Eche Emole, co-founder of Afropolitan, explains what it means to build a country on the blockchain.

22.02 / 20:59

Twitter Adoption Africa Lightning Network Bitcoin network bitcoin lightning Bitcoin Lightning Network growth is organic, coming from real-world adoption

Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC.

25.01 / 16:29

business CBDC UK government Bitcoin Community Bitcoin UK Bitcoin community reacts to incoming CBDC and digital pound rollout

The UK Government's economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as "Important, complex, and cross-cutting" and will "require extensive engagement across and beyond the HM Treasury."

13.01 / 00:27

business Europe Nigerian crypto exchange Roqqu receives European virtual currency license

Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world's largest crypto markets.

22.12 / 17:53

Adoption Survey Bitcoin Still bullish: 40% of survey respondents plan to buy crypto in 2023

Despite the gloom of the ongoing cryptocurrency winter, coupled with failures of crypto giants like FTX, the community appears to remain bullish about crypto, according to a new survey.

12.12 / 13:55

Africa Lightning Network Bitcoin network bitcoin lightning Bitcoin Lightning Network to be used in fiat transfers between EU and Africa

The ongoing crypto winter is not stopping the industry from pushing for global adoption and accessibility. A new partnership between CoinCorner and Bitnob opens a way for users across continents to perform cross-border transactions involving multiple fiat currencies.

06.12 / 15:37

Lightning Network lightning Bitcoin Cross-border Strike partners with Bitnob to facilitate cross-border payments into Africa

The Lightning Network has struck Ghana, Kenya and Nigeria. During a conference in Ghana, Strike CEO Jack Mallers announced that the Bitcoin (BTC) payments company has partnered with the mobile app Bitnob to facilitate payments into Africa.

25.11 / 01:01

CBDC Adoption BIS report finds uneven progress, differing motivations in African CBDC adoption

Mobile money has been a strong competitor to central bank digital currency (CBDC) in Africa, but many of the continent’s central bankers have greater faith CBDC, according to a Bank for International Settlements (BIS) report published Nov. 24. African central bankers also saw greater utility in CBDC for implementing monetary policy than bankers in other parts of the world, according to the BIS.

25.11 / 01:01

regulation IMF IMF calls for tighter crypto regulation in Africa as the industry unfolds

The International Monetary Fund (IMF) is calling for increased regulation of Africa's crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22.

27.10 / 17:11

Blockchain Adoption Africa exchanges Backed Coinbase, Alameda-backed Mara launches African crypto wallet service

Some two million users in Nigeria and Kenya are set to be onboarded to a new cryptocurrency wallet backed by the likes of Coinbase Ventures and Alameda Research.

29.09 / 16:41

CBDC regulation Central Bank The Caribbean is pioneering CBDCs with mixed results amid banking difficulties

The Caribbean region is in a tough situation for banking. The 35 nations comprising the region face challenges common to many tiny economies, such as dollarization and dependence on foreign trade and remittances. In addition, the increasingly common banking practice called de-risking is taking a heavy toll. So, it is probably no coincidence that the region is also at the forefront of digital currency adoption.

29.09 / 15:31

Adoption Africa Ghana set to catch up to Nigeria and Kenya in terms of crypto adoption: Chainalysis

As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other African countries regarding cryptocurrency use.

28.09 / 16:41

CBDC regulation Africa inclusion Financial Bank of Ghana to foster financial inclusion through CBDC project

As more countries make progress in terms of developing and implementing central bank digital currencies (CBDCs), Ghana’s central bank aims to keep up and complete its research on CBDCs with the goal of financial inclusion according to Kwame Oppong, the head of fintech and innovation at the Bank of Ghana.

02.07 / 11:48

Blockchain Adoption Africa Bitcoin Moon African celebrities join degens on the journey to the moon

African degens are on a journey to the moon. With crypto, African people’s savings are hedged against insane inflation levels, they can find employment in Web3, and there is always the potential to make life-changing money that will transform the trajectory of their lives forever.

14.06 / 16:49

Blockchain Adoption Dubai Bitcoin Following the signs: How crypto stickers led to a new career opportunity

Ghana national Daniel Karikari worked as a part-time office assistant at a crypto startup, cleaning the office and serving coffee to its managers. While performing his tasks, he encountered the words “blockchain” and “cryptocurrency” on the office wall, sparking his interest that eventually led to a new career.

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