Bitcoin-powered remittances from Europe to African bank accounts are now possible
African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.
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Strike partners with Bitnob to facilitate Bitcoin-powered remittances to Africa
Africans can now receive low-cost and fast payments in their local currencies, powered by the Lightning Network. But there are questions on whether the process introduces credit, a feature of the traditional remittance system.
Crypto payments company Lazerpay downsizes its team amid struggles to raise funding
CEO Emmanuel Njoku revealed in a letter to investors.
FTX contagion spreads to Africa as Web3 venture studio Nestcoin announces exposure to the failed exchange
The CEO says a significant portion of the company’s assets are held at FTX and will now have to lay off some employees.
FTX collapse: A timeline of events as they unfold
Documentation of the events around the failure of the cryptocurrency exchange FTX.
FTX ‘erroneously’ listed African crypto company BitPesa for bankruptcy
A representative of the company told Crypto Africa that FTX isn't a shareholder in BitPesa and its affiliated entities.
FTX files for bankruptcy as CEO Sam Bankman Fried resigns
The crypto exchange has appointed a new CEO as it scrambles to repay creditors, customers and investors. The group of companies will continue to operate normally and pay creditors over time according to Chapter 11 of the United States Bankruptcy code.