Author: Louis Dike
Louis Dike
Louis Dike is the Publisher of Coinafrica, leveraging years of experience driving growth for global exchanges like Bybit, Bitget, and VTrader across Africa. A former Binance Tutor, he now channels his expertise into clear, insightful reporting that amplifies Africa’s voice in the global Web3 economy.
Market Snapshot: Slight Pullbacks Global cryptocurrency markets saw mild losses today. Bitcoin slipped ~0.4% to about $113,536, Ethereum down ~0.5%, and XRP off ~1%. These declines came as traders processed the latest U.S. Consumer Price Index (CPI) report for August, which showed inflation at 2.9% year-over-year, meeting forecasts. Despite the drop, hopes remain high that the Federal Reserve will ease interest rates. According to CME’s FedWatch, there is a 91% probability of a quarter-point rate cut, and a 9% chance of a half-point cut in September. What’s Driving Sentiment Read more: ETF Hopes Surge for Litecoin, XRP & Solana as…
ETF Talk Intensifies for Major Altcoins Markets are seeing a strong upswing in speculation and optimism surrounding possible spot ETF approvals for Litecoin (LTC), XRP, and Solana (SOL) by October 2025. In tandem with regulatory cues, price action is fueling inflows into these altcoins. Drivers Behind the ETF Hope What These ETFs Could Mean Read more: Nasdaq Proposes SEC Rules to Allow Tokenized Stocks and ETPs on Its Main Market Risks & Considerations Looking Ahead
Ras Al Khaimah (RAK), UAE — RAK Properties, a leading real estate developer in Ras Al Khaimah, has partnered with fintech firm Hubpay to enable property purchases using cryptocurrencies. The move targets global crypto investors and aligns with RAK’s “Vision 2030” drive toward innovation and economic diversification. Properties in the Mina Beachfront community will be among the first to offer flexible payment in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and other digital assets. Why This Move Is Significant Key Considerations & Challenges See more related: 31,000+ South African Merchants Can Now Accept Crypto Payments Looking Ahead Expect possible interest from…
Nasdaq Moves Toward Tokenized Securities New York — Major U.S. exchange Nasdaq (NDAQ) has filed a proposal with the U.S. Securities and Exchange Commission (SEC) that would enable trading of tokenized equity securities and exchange-traded products (ETPs). Under this plan, these instruments could be listed in either their traditional form or as blockchain-based tokens—subject to regulatory oversight and existing protections. The proposal includes using the existing regulatory frameworks that Nasdaq operates under, ensuring that investors have protections like best execution, market surveillance, transparency, and investor rights identical to traditional securities. What Tokenization Offers Red more: HashKey Unveils $500 Million Digital…
HashKey Takes Institutional Crypto Global Hong Kong-based exchange and financial services provider HashKey Group has announced a bold new initiative: a $500 million Digital Asset Treasury (DAT) fund, targeting institutional investors with a focus on bridging traditional finance (TradFi) and blockchain-based assets. The fund is structured as a perpetual, institutional-only vehicle that allows for regular subscriptions and redemptions. Initially, its focus will be on mainstream cryptocurrencies, specifically Bitcoin (BTC) and Ethereum (ETH), before expanding into a broader portfolio of DAT-linked crypto projects. What Makes HashKey’s DAT Fund Different See more related: Johannesburg Innovator Aims to Pioneer Africa’s First Corporate Bitcoin…
The ETHSafari 2025 conference is currently underway in Nairobi, drawing developers, investors, and Web3 founders from across Africa and beyond. Panels and workshops have already underscored a recurring theme: Africa isn’t catching up in Web3—it’s leading. From decentralized finance (DeFi) to NFTs tied to local culture, African builders are demonstrating sustainable models that solve real problems. Lisk CIO Gideon Greaves told attendees that Africa’s advantage lies in its ability to build “local-first solutions with global impact.”The event continues through September 14, with the final stretch taking place in Kilifi, combining blockchain dialogue with cultural exchange. ETHSafari’s hybrid format—technical workshops, investor…
Kenya’s new crypto tax framework is officially in effect. The government has scrapped the unpopular 3% Digital Assets Tax and introduced a 10% excise duty on transaction fees only. The change is already drawing attention at ongoing crypto events, where experts describe the update as a fairer and more sustainable approach. Michael Wachinga of PwC Kenya called the move “logical and supportive of innovation”, highlighting how the shift eases compliance burdens for traders and platforms alike. By targeting only fees, Kenya has created one of the most innovation-friendly tax regimes in Africa, giving clarity to businesses and reducing costs for…
Crypto payments have taken a giant leap forward in South Africa. Binance Pay has integrated with Zapper, one of the country’s largest QR code payment providers, instantly enabling 31,000+ merchants to accept crypto at checkout. From restaurants to retail outlets, South Africans can now spend crypto directly through their existing Zapper payment experience. This rollout also expands Binance Pay’s global merchant network to over 63,000. For consumers, the integration shifts crypto from speculative holdings into everyday money. For merchants, it opens the door to attracting new customer segments, particularly tourists and cross-border users. The next test will be whether settlement…
Nigerians can now invest in U.S. stocks through a new chapter in retail investing. This is made possible by the launch of tokenized U.S. equities, a partnership between Luno and Backed Finance’s xStocks. For the first time, Nigerians can gain exposure to global giants like Apple, Meta, and NVIDIA, starting with ₦100. This innovation offers a way around traditional barriers such as high brokerage minimums, FX restrictions, and limited access to foreign markets. The tokenized assets are blockchain-based, mirroring the price of their underlying stocks. If liquidity and redemption remain strong, this system could evolve into a dollar-savings rail, giving…
By buying our shares, institutions like pension funds and annuities can now gain regulated exposure to Bitcoin—a route that isn’t otherwise available to them. – Wheatley