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 global cryptocurrency market is holding steady after a turbulent month, with total market capitalization hovering around $3.54 trillion, according to data from Binance Market Insights. The mild recovery follows a period of heavy sell-offs in October that erased nearly all of 2025’s earlier gains. Analysts say the rebound is being driven by renewed institutional inflows into Bitcoin and select large-cap altcoins — but sentiment remains fragile. Bitcoin is currently trading near $102,000, up 2.5% over the past week, while Ethereum remains below $5,200. Meanwhile, stablecoins continue to dominate trading pairs, reflecting a risk-off sentiment across exchanges. Market Dynamics See…
As the world races toward digitising real-world assets on blockchain, regulators are growing uneasy. This week, the International Organization of Securities Commissions (IOSCO) — the global body overseeing financial market standards — issued a sharp warning about the “unintended risks” emerging from asset tokenisation. Tokenisation, the process of converting physical or financial assets into digital tokens on a blockchain, has been hailed as one of the most transformative innovations in modern finance. From tokenized government bonds to real estate and gold-backed tokens, global banks and fintechs have invested billions in infrastructure designed to make finance more transparent, liquid, and efficient.…
Africa Bitcoin Corporation (ABC), a Johannesburg Stock Exchange–listed company, has officially added Bitcoin (BTC) to its corporate treasury, marking one of the boldest institutional moves yet by a publicly traded African firm into digital assets. The decision, confirmed in a regulatory filing on the JSE, positions the company among a small but growing list of firms globally integrating Bitcoin into their balance sheets as a hedge against inflation and a bet on the future of decentralized finance. According to the statement, the acquisition reflects the company’s confidence in Bitcoin’s long-term potential as both a store of value and a strategic…
South Africa continues to lead in crypto innovation with the announcement that Super Group — a Johannesburg-based financial services firm — will launch a Rand-pegged stablecoin built on the Solana blockchain. The move makes South Africa one of the first African countries to host a locally denominated stablecoin tied to its national currency, the South African Rand (ZAR). Super Group says the new stablecoin will enable instant settlements, cross-border remittances, and fintech integrations — addressing pain points in Africa’s digital payments space. “This is not just a crypto product; it’s financial infrastructure,” said a company spokesperson.“We want to bridge traditional…
The conversation around crypto in Africa is changing. For years, social media buzzed with token charts, “next 10x coins,” and trading signals. But in 2025, something deeper is happening — the spotlight is shifting from price to infrastructure, from traders to builders. Across Lagos, Nairobi, Accra, and Cape Town, Web3 founders are quietly laying down the rails for Africa’s digital economy. These new rails are the wallets, on-ramps, stablecoin systems, and remittance APIs that will support millions of users across borders. The New Builders’ Mindset Crypto Twitter in Africa has matured. Conversations tagged around crypto reveal an evolving focus on…
Kenya has officially replaced its controversial 3 % Digital Asset Tax with a more structured levy targeting crypto-platform service fees. The revision — included in the Finance Act 2025 — shifts the tax burden from users to service providers, a move that aligns with international best practices and encourages fairer participation in the country’s digital-asset economy. The change comes months after industry pushback against the earlier model, which many said penalized small traders and startups. The new policy focuses on service-based revenue — taxing commissions, transaction fees, and spreads — rather than total transaction value. What the New Framework Covers…
Nigeria’s fintech ecosystem — one of the largest and fastest-growing in Africa — is undergoing a major regulatory shift. The government is preparing to establish a single, consolidated fintech regulator to coordinate oversight of digital assets, payments, lending, and crypto activities under one roof. For years, fintech companies have had to navigate a maze of overlapping rules from the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the National Information Technology Development Agency (NITDA). The new unified framework aims to simplify compliance, foster innovation, and protect consumers more effectively. Why the Change Matters Nigeria’s regulators have…
For the first time since 2018, Bitcoin (BTC) has closed October in the red — breaking a seven-year streak of monthly gains that traders had long referred to as “Uptober.” The world’s largest cryptocurrency fell slightly by the end of the month, trading just below US$109,700, according to data from Crypto.News. While the decline was modest — around 0.5% in the past 24 hours — the broader sentiment shift has sent ripples through the crypto market. The total global market capitalization now sits at approximately US$3.7 trillion, reflecting cautious investor positioning amid macroeconomic uncertainty. Macro and Market Factors Several external…
Africa’s largest payments provider, Flutterwave, has teamed up with Polygon Labs to overhaul cross-border payments across the continent. The partnership integrates Polygon’s blockchain as the foundation for Flutterwave’s new stablecoin-based payment system, promising faster and cheaper international transfers. The initiative will first serve multinational companies including Uber and Audiomack before expanding to consumer remittances via the Flutterwave Send App in 2026. With fees for African cross-border payments averaging over 8%, the move marks a major step toward efficiency and financial inclusion. See more related: Tether Invests in Kotani Pay to Expand Stablecoin Infrastructure Across Africa Flutterwave CEO Olugbenga Agboola said…
Africa’s two largest economies, Nigeria and South Africa, have officially been removed from the Financial Action Task Force (FATF) “grey list”, marking a major leap forward for financial transparency and global market credibility. The FATF grey list identifies countries with deficiencies in anti-money laundering (AML) and counter-terrorism financing (CTF) controls. Since being placed on the list in previous years, both nations faced increased scrutiny, tighter banking relationships, and limited access to cross-border liquidity — challenges that directly impacted crypto innovation and institutional adoption. Why This Matters for Crypto With their removal, regulatory risk perceptions are easing, paving the way for…