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.
SWIFT, the backbone of international payments, is working with over 30 global banks on a new blockchain-based overhaul of cross-border settlement systems. The initiative aims to modernize financial infrastructure, cut costs, and enable real-time, 24/7 global payments — with potential implications for Africa, where remittances and cross-border trade are lifelines. Why SWIFT is Moving to Blockchain For decades, SWIFT’s messaging network has been the gold standard for international transfers. But critics argue it is slow, expensive, and outdated. With blockchain technology reshaping global finance, SWIFT is seeking to remain relevant by: What This Means for Africa Challenges Ahead See more…
In a move that reflects rising confidence in crypto infrastructure, Kraken is reportedly in advanced discussions to raise a new funding round that could value the company at approximately $20 billion. A strategic investor is expected to commit between $200 million and $300 million to the round. This prospective raise would follow Kraken’s previous major funding event earlier in 2025, which valued it at $15 billion. What the Deal Could Look Like See more related: Circle Ventures Backs CV VC’s $20M African Blockchain Fund Why It Matters Outlook & What to Watch
Nigeria is intensifying its fight against fraudulent crypto platforms after schemes like Crypto Bridge Exchange (CBEX) allegedly trapped more than $800 million in user funds. The EFCC has launched investigations and public awareness campaigns to protect investors.
Lesetja Kganyago, Governor of the South African Reserve Bank (SARB), has warned that soaring cryptocurrency prices may represent “asset bubbles” forming in local and global markets. Speaking at a financial stability event, Lesetja Kganyago emphasized the need for robust regulation to safeguard investors and prevent systemic risks. While South Africa is one of the few African nations with a structured crypto licensing framework, Kganyago’s remarks suggest authorities remain cautious about rapid crypto growth. See more related: South Africa Publishes Draft CARF Regulations; Crypto-Asset Reporting Framework to Come Into Force March 2026 His comments come amid a surge in retail participation…
Crypto exchange Bitget has launched a blockchain and stock investing education program in Lagos, Nigeria, aimed at youth and first-time investors. The initiative is designed to bridge knowledge gaps around digital finance, blockchain, and traditional markets. By focusing on financial literacy, Bitget hopes to expand responsible crypto adoption and reduce risks often tied to misinformation and speculation. See more related: Blockfest Africa 2025 Arrives in Lagos: Web3 Builders, Creators & Innovators Unite Nigeria remains one of the fastest-growing crypto markets globally, with young people driving adoption. Educational programs like this provide on-the-ground support for communities, empowering new users with skills…
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…