The Cajees disappeared in April after telling investors the platform had been hacked, with bitcoin worth around $3.6 billion allegedly going missing. In June, the brothers’ attorney at the time, John Oosthuizen, said they denied the allegations of wrongdoing, and that the money was missing because of a hack. Just two days later, Oosthuizen said his firm’s relationship with the … [Read more...] about South African Police Investigate Missing Brothers’ Crypto Platform, Africrypt
African
FTX Leads $150M Funding Round in African Payments Firm Chipper Cash: Report
Chipper Cash was founded in 2018 as way of providing no-fee, peer-to-peer cross-border payment services for Africans. Its services are used across Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya, and recently expanded to provide people in the U.K. and the U.S. with the ability to send money to Chipper’s African markets. Source link … [Read more...] about FTX Leads $150M Funding Round in African Payments Firm Chipper Cash: Report
South African Pension Funds to Be Banned From Crypto Investment, Draft Rules Indicate
The South African government defines a crypto asset as any digital representation of value “not issued by a central bank, but is capable of being traded, transferred or stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility; applies cryptographic techniques and uses distributed ledger technology.” Source link … [Read more...] about South African Pension Funds to Be Banned From Crypto Investment, Draft Rules Indicate
$400M African fertilizer deal executed on blockchain eases COVID-19 slowdown
A state-owned Moroccan fertilizer company has executed a $400 million transaction using blockchain technology, in what it says is a first for intra-African commerce. In a deal facilitated by the Eastern and Southern African Trade and Development Bank, OCP Group sold phosphate fertilizer exports to Ethiopia using blockchain technology, in a deal worth an initial $270 million. … [Read more...] about $400M African fertilizer deal executed on blockchain eases COVID-19 slowdown