Author: Louis Dike

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…

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…

What Is Blockfest Africa 2025 See more related: ETHSafari 2025 in Nairobi Highlights Africa’s Growing Web3 Leadership Why Blockfest Africa Matters What to Watch

What’s New Why This Matters for Africa & Web3 Builders See more related: ETHSafari 2025 in Nairobi Highlights Africa’s Growing Web3 Leadership Potential Downsides & Considerations Oversight & security will matter: as performance increases, so do risks of exploit/single-point failures. Monitoring and governance will need to keep up.

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…

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…

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…

Rising Fraud Concerns Lagos — The Economic and Financial Crimes Commission (EFCC) has raised fresh concerns about growing cases of crypto fraud in Nigeria, citing scams and shady platforms that have left many investors vulnerable. At the same time, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) have urged regulators to provide clearer rules, stronger oversight, and user protection measures, stressing that crypto remains a vital part of Nigeria’s financial future. Why It Matters More related: South Africa Steps Up Crypto Tax Enforcement with AI and Expanded Oversight The Road Ahead Nigeria’s regulators face the dual challenge of protecting…

Ghana has taken its first concrete step toward regulating digital assets. The Bank of Ghana (BoG) has launched mandatory registration for Virtual Asset Service Providers (VASPs) operating in or serving users in the country, marking the start of a phased approach that will culminate in formal licensing once a new legal framework is passed by Parliament.  The BoG’s notice clarifies that registration is compulsory for exchanges, custodians, brokers, wallet providers, and other VASPs, whether they have a physical presence in Ghana or offer services digitally. The exercise is intended to help the central bank map the market, assess risks, and…

Introducing Nigeria’s First Unlimited Digital Banking Service. BoundlessPay is a borderless Digital Banking application that allows you to buy, sell, send, save, and spend fiat & e-currencies fast, easy, and safely. “With BoundlessPay, we are reimagining what digital banking means for Africa. For the first time, Nigerians can access a truly unlimited, borderless platform that lets them buy, sell, send, save, and spend both fiat and digital currencies seamlessly. Our mission is simple: to make money as fast, easy, and secure to move as sending a WhatsApp message—empowering individuals and businesses to thrive in a global digital economy.”— Franklin Peters,…