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.

The Open Network (TON) has announced plans to rebrand its native cryptocurrency, Toncoin (TON), back to Gram (GRAM), reviving the original name introduced in Telegram’s 2018 blockchain vision. The transition is expected to be completed within the coming weeks and marks one of the most symbolic changes in the project’s history. The decision comes as Telegram increasingly becomes the dominant force behind TON’s ecosystem, reigniting a brand that many early crypto participants associate with one of the industry’s most ambitious blockchain initiatives. The announcement immediately captured market attention, with TON’s price surging approximately 15% following the news. Why TON Is…

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Binance has unveiled a major expansion of its financial services, allowing eligible users across Africa and other international markets to access more than 7,000 US-listed stocks and exchange-traded funds (ETFs) directly through its platform. The move marks one of the most significant developments in the convergence of traditional finance and digital assets, with Binance also confirming plans to launch tokenized versions of US stocks through a new product known as bStocks. The Binance tokenized US stocks Africa initiative is expected to broaden access to global investment opportunities for millions of users who previously faced barriers to investing in foreign equities.…

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U.S. President Donald Trump has once again doubled down on his pro-crypto stance, declaring that the United States must remain the “Crypto Capital of the World” amid growing global competition for digital asset dominance. In a May 27 post shared on Truth Social, Trump defended the Commodity Futures Trading Commission’s (CFTC) authority over prediction markets while tying the issue directly to America’s broader crypto leadership ambitions. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained,” Trump wrote, adding that other countries are “trying diligently” to replace the U.S. as the global crypto capital.   The statement…

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A mysterious Bitcoin wallet has permanently removed 107 BTC from circulation after sending the funds to Bitcoin’s well-known burn address in a series of transactions that stunned the crypto community. The transfers, first flagged by blockchain observers on May 26, involved roughly $8.5 million worth of Bitcoin being sent to the address:1111111111111111111114oLvT2 The address is widely recognized as a “burn address” because no known private keys exist to access the funds once they are sent there. The transactions were executed through five separate transfers, leading analysts to believe the move was intentional rather than accidental. Bitcoin Burn Raises Questions Across…

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Africa is increasingly emerging as one of the world’s most important real-world crypto adoption markets, according to Richard Teng, who says the continent’s digital asset growth is being driven more by utility than speculation. In a recent Business Insider Africa feature, Teng argued that Africa’s crypto economy is evolving around practical financial use cases such as stablecoins, remittances, dollar access, and cross-border payments rather than hype-driven trading activity. The shift is becoming increasingly difficult for the global crypto industry to ignore. While many developed markets still associate crypto primarily with speculative trading and investment cycles, Africa’s adoption curve is increasingly…

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On May 22, 2010, programmer Laszlo Hanyecz made what is now considered the first real-world Bitcoin transaction by paying 10,000 BTC for two pizzas. At the time, Bitcoin had little to no established market value. The transaction was simple: Hanyecz posted online asking if anyone would deliver pizza in exchange for Bitcoin. Another user accepted the offer, and history was made. Today, those same 10,000 BTC would be worth hundreds of millions — and at certain market peaks, over $1 billion. But Bitcoin Pizza Day has evolved into more than just a meme about an expensive meal. Across the crypto…

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Busha has unveiled new crypto-backed cards that allow users across Africa to spend directly from their stablecoin and digital asset balances without first converting funds manually into fiat. The launch marks one of the clearest signals yet that Africa’s stablecoin market is evolving beyond trading and remittances into everyday payments infrastructure. According to Busha Co-founder and Director of Compliance Laolu Samuel-Biyi, the new “Busha Cards” product is designed as a native extension of regulated digital asset wallets rather than a traditional prepaid card merely funded by crypto balances. “For the first time, users across Africa can spend directly from their…

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The U.S. Federal Bureau of Investigation secretly created a cryptocurrency token and fake Web3 project to expose alleged market manipulation firms operating inside the crypto industry — a move that has now become one of the most unprecedented undercover operations in digital asset history. The operation, known as “Operation Token Mirrors,” centered around a token called NexFundAI, which federal authorities presented as a legitimate AI-focused crypto project complete with branding, a website, tokenomics, and market activity. But behind the scenes, the project was reportedly built by the FBI to attract crypto market makers and trading firms suspected of engaging in…

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Layer-1 blockchain Sui has launched protocol-level gasless stablecoin transfers on mainnet, allowing users to send supported stablecoins without paying gas fees or holding the network’s native SUI token. The rollout marks one of the most aggressive pushes yet toward making stablecoin transactions feel as seamless as traditional fintech payments. According to announcements from Sui and ecosystem partners, the feature is already being integrated by institutional custody giant Fireblocks, alongside several wallets and payment providers. The update removes one of crypto’s most persistent user experience barriers: the requirement to hold a separate token purely for transaction fees. For years, users sending…

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