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Zambia SEC: Warns Against ICO Promising HYIP-Style 1000% ROI

The Zambian Securities and Exchange Commission (SEC) has warned the general public to desist from investing in an initial coin offering (ICO) promoted by a suspicious company. According to a report by The Lusaka Times, the company was not registered with the country’s regulatory body and was theref..

Zambia SEC Warns About Investing in Promoted Onyxcoin Cryptocurrency

News The Zambia SEC’s CEO, Philip Chitalu, has warned the public that cryptocurrency OnyxCoin creator Kwakoo is not licensed to give investment advice or solicit funds, from within and outside the country alike. The Lusaka Times relayed the SEC head’s warnings in a report on Aug. 2. According to t..

Bittrex Launches Crypto Platform for Middle East Following New Partnership

News Bittrex cryptocurrency exchange is partnering with Bahrain-based crypto exchange and custodian provider Rain Management WLL to launch a digital asset trading platform for customers in the Middle East and North Africa (MENA). The new platform will purportedly combine Rain’s staff and expertise..

Uganda to Deploy MediConnect’s Blockchain Platform for Tracing Fake Drugs

News The Ugandan government has partnered with blockchain startup MediConnect to trace counterfeit drugs in the country, according to a press release shared with Cointelegraph on July 22. The President of Uganda, Yoweri Musevini, Minister of Health Jane Ruth Aceng, and other government officials g..

Bringing Better Bitcoin Awareness To Botswana

SatoshiCentre in Botswana has been a Bitcoin educator and FinTech incubator since 2014, and is driving innovation in one of Africa’s most prospering crypto country. Bitcoin Awareness In Botswana SatoshiCentre was the brainchild of ‘Bitcoin Lady’, Alakanani Itireleng, a tireless champion of Bitcoin..

South African Payment Gateway Drops BTC Over Fees and Network Congestion

On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.” Also read: G..

Mob Burns Down Purported Crypto Ponzi Schemer’s House in South Africa

News An angry mob in Ladysmith, South Africa has reportedly torched the residence of Sphelele Mbatha, known as Sgumza, a manager of alleged crypto Ponzi scheme Bitcoin Wallet. The mob was likely a collection of victims who lost money through Bitcoin Wallet, according to the report by Ladysmith Gaz..

BTC Peer-to-Peer Trading Rises Amid Ban on USD in Zimbabwe: Report

News Bitcoin (BTC) trading in Zimbabwe has continued to surge after the government banned the use of foreign currencies on June 24, business news agency Quartz Africa reported on July 10. The country is reportedly seeing a rise in peer-to-peer (P2P) crypto trading as there are no local exchanges o..

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