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.
Global asset manager Franklin Templeton has teamed up with Binance to launch blockchain-based investment products targeting African markets. The partnership aims to bring regulated blockchain investment solutions to investors seeking diversification and yield. Binance’s infrastructure and Franklin Templeton’s traditional finance expertise combine to build institutional-grade offerings, bridging gaps between legacy finance and the crypto ecosystem. See more related: Circle Ventures Backs CV VC’s $20M African Blockchain Fund This move reflects a larger global trend of traditional financial players entering Africa’s crypto scene. With increasing local demand for both crypto and structured investment products, partnerships like this could reshape Africa’s fintech…
Circle Ventures becomes a limited partnerThe venture arm of USDC issuer Circle has become a limited partner in the CV VC African Blockchain Fund, a ten‑year vehicle that invests in early‑stage blockchain startups across the continent. The fund aims to deploy US$20 million and typically writes cheques starting at US$100,000 for promising teams. Previous beneficiaries include Nigerian payments firm Ivorypay and Kenyan credit platform Nyayomat, both graduates of CV VC’s nine‑week accelerator. Why Circle is investingBrenton Naicker of CV VC said on LinkedIn that Circle Ventures’ backing will “support Web3 innovation across Africa”. Africa’s crypto market has grown rapidly despite…
What’s Changing? Starting January 1, 2026, Nigeria will begin imposing income tax on profits from individual cryptocurrency transactions and exchanges. This represents a significant shift from prior regimes, positioning digital asset gains squarely within the scope of personal taxation. Under the new rules: Furthermore, the new tax law sets a maximum of 25% personal income tax on crypto profits. This replaces previous frameworks that treated gains under capital gains tax provisions. See more related: Nigerians Gain Access to U.S Stocks with ₦100 via Tokenized Equities Why This Matters 1. From Gray Zone to Clarity For years, crypto in Nigeria existed…
Rising Debate Around Local-Currency Stablecoins Across Africa, conversations are intensifying around the role of local-currency stablecoins as a bridge between volatile national currencies and the global digital economy. Experts believe that the continent could become a pioneer in this space, but banks and policymakers remain divided on how to proceed. In countries like Uganda and Cameroon, commercial banks are being advised to explore stablecoin strategies. These would allow digital tokens pegged to local currencies to function as a stable medium of exchange for cross-border trade, remittances, and everyday transactions. However, many institutions are approaching the idea cautiously, citing that regulatory…
Crypto.com has pushed back against allegations that it attempted to cover up a 2023 data incident linked to the hacker group Scattered Spider. Reports suggested the platform may have delayed disclosure, raising questions about transparency in the face of cyber threats. However, Crypto.com stated on 22 September 2025, insisting that it had met all regulatory reporting obligations and that customer funds remained safe throughout the incident. The controversy comes at a time of heightened scrutiny over crypto exchanges’ governance, especially in Africa, where adoption is accelerating. Users and regulators alike are demanding clearer disclosure standards to build trust in centralized…
The crypto markets witnessed one of their sharpest shakeouts in months, with more than $630 million in leveraged positions liquidated within a single day. The brunt of the losses came from altcoins, many of which dropped sharply under heavy selling pressure. In contrast, Bitcoin held relatively steady, showing resilience even as traders with high leverage faced wipeouts. Analysts say the event highlights the risks of overexposure to volatile altcoins, especially in uncertain macroeconomic conditions. See more related: Bitcoin, Ethereum, XRP Dip Slightly as Markets Await U.S. Fed Decision After CPI Report For many African traders, who increasingly use crypto platforms…
South Africa’s $20 billion asset manager Sygnia has issued a warning to investors considering going “all in” on Bitcoin. The statement comes after Bitcoin delivered an 82% return over the past year, outpacing most traditional asset classes. Sygnia’s Bitcoin Plus Fund, which uses the iShares Bitcoin Trust ETF as its benchmark, acknowledged the impressive performance but highlighted the risks associated with volatility. The firm urged investors to treat Bitcoin as part of a diversified portfolio, rather than the entirety of their holdings. See more related: South African Crypto Firm NTC Global Trade Liquidated Amid $27M Investor Losses The fund noted…
A High-Profile Crypto Scam Attempt Kenya’s crypto community was thrown into confusion this week after a post appeared on Raila Odinga’s verified X (Twitter) account, claiming the launch of a new cryptocurrency called Kenya Token ($KENYA). The announcement suggested that the token would run on the Solana blockchain and help position Kenya as a global leader in digital finance. Within hours, however, the post was deleted, and Odinga’s camp stated that his account had been compromised. Many observers noted that the video shared with the post—showing Odinga allegedly endorsing the token—appeared to be a deepfake, raising alarm about how advanced…
What Happened See more related: South African Crypto Firm NTC Global Trade Liquidated Amid $27M Investor Losses Why This Matters in South Africa & Africa What to Watch Next
Google has announced a major infrastructure investment: four new subsea cable infrastructure hubs across different regions of Africa. These hubs are set to link the Equiano and Umoja submarine fiber-optic cables, incorporating landing stations and data centers. The project is expected to be completed within the next three years. The goal: reduce internet costs, improve reliability, and support the growing demand for AI, cloud services, and digital infrastructure. What It Means for Africa See more related: Fireblocks + Lava Network: A Leap for Blockchain Infrastructure & Institutional Reliability Challenges & Considerations Conclusion Google’s new submarine cable hubs promise to reshape…