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.

Standard Chartered venture capital arm is reportedly raising a $250 million digital asset fund, aimed at tapping opportunities in crypto infrastructure, tokenization, and new blockchain-based products. While the fund is global in outlook, industry watchers believe it could bring much-needed institutional liquidity and credibility to emerging markets, including Africa’s fast-growing crypto ecosystem. See more related: Citi’s New ETH Target Slips to $4,300 as Analysts Warn of Downside Pressure Why It Matters Globally Implications for Africa What to Watch Spillover Effect: Other global banks may follow suit, potentially opening wider capital flows into Africa’s digital economy.

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What Citi and Others Are Saying Key Drivers Behind the Caution See more related: Bitcoin, Ethereum, XRP Dip Slightly as Markets Await U.S. Fed Decision After CPI Report Implications for ETH Holders & African Users Looking Ahead Regulatory Clarity: Legislation around stablecoins, DeFi oversight, and tokenized assets will be closely watched globally—and particularly by regulators in Africa seeking to catch up.

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From July 2024 to June 2025, Sub-Saharan Africa processed $205 billion in on-chain crypto transactions, up 52% year-on-year. The growth is notable not only in volume but also in composition: small transfers (under $10,000) make up a higher share than anywhere else globally. This highlights that crypto in Africa is less about speculation and more about practical use cases—remittances, peer-to-peer savings, and micro-business transactions. Nigeria leads the surge, but Kenya, Ghana, and South Africa are also contributing. Why it matters: See more related: Nigeria Becomes World Leader in Stablecoin Adoption, SEC Recognizes Digital Assets

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South Africa’s NTC Global Trade has entered provisional liquidation following allegations of fraudulent crypto investment schemes that left investors facing losses of about $27 million. The company, previously marketed as a trading and investment vehicle, is now under legal scrutiny with regulators citing ponzi-scheme red flags. Reports suggest threats and safety concerns linked to investigations. Also in the news: Johannesburg Innovator Aims to Pioneer Africa’s First Corporate Bitcoin Treasury This case adds to a list of high-profile collapses in South Africa’s crypto space, underscoring urgent needs for clearer rules and investor protection. Why it matters: Keep reading Coinafrica for more…

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Nigeria has emerged as the world’s top stablecoin adopter with about 25.9 million users and nearly 12% penetration, according to new reports. The country also ranks second worldwide in overall digital asset use. Fueling this growth are regulatory shifts. The Nigerian SEC recently amended the Investments and Securities Act 2025 to formally recognize digital assets, tokenized instruments, and virtual assets as securities. Meanwhile, the Central Bank of Nigeria (CBN) has updated its guidelines to allow clearer banking relationships with crypto firms. This move solidifies Nigeria as Africa’s crypto leader, giving both users and investors more confidence while also raising the…

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Founders Push Back on Web3 Flash, Push Forward on Real Value Nairobi — At ETHSafari 2025, one of Africa’s biggest Web3 gatherings, founders, investors, and creators echoed a common theme: the next wave of success won’t come from leading with “Web3”, but with solving tangible challenges—such as remittances, identity, financial inclusion, supply chains, and local trade logistics. Speakers emphasized that when founders pitch using “Web3” terminology first (blockchain, decentralization, tokens), audiences—especially local investors, customers, and regulators—often feel disconnected or skeptical. Instead, those who lead with problems first, then show how blockchain/Web3 tools help, are being taken more seriously. What Change…

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The Bank of England (BoE) has proposed new regulatory limits on how much systemic stablecoin an individual or business can hold. Under the proposal: “Systemic stablecoins” refers to stablecoins already widely used in payment systems in the UK or likely to become so. Why the BoE Is Considering These Caps Regulators argue these limits are needed to protect financial stability. Key concerns include: See more related: HashKey Unveils $500 Million Digital Asset Treasury Fund to Bridge TradFi & Blockchain The BoE’s plans are part of wider efforts to build regulation around digital assets and ensure stablecoins do not disrupt banking…

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Byline/Dateline: New York — September 12, 2025 Strong Debut for Gemini IPO Crypto exchange Gemini Space Station, helmed by the Winklevoss twins, has set its IPO price at $28 per share, raising $425 million via a sale of about 15.2 million shares. The offering was oversubscribed over 20 times, and Gemini’s valuation stands at roughly $3.3 billion.  This price range came after strong investor demand pushed the IPO range up twice—from the initial $17-$19 to $24-$26 before finally settling at $28. Gemini will begin trading under the ticker “GEMI” on the Nasdaq. Nasdaq also made a concurrent $50 million private…

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