News list for " afr"
According to market news, the South African central bank has classified cryptocurrencies and stablecoins as financial risks, citing the growing number of users and rising transaction volumes.
The South African Central Bank (SARB) has warned that cryptoassets and stablecoins have become a new risk threatening the country's financial sector due to the lack of comprehensive regulation. In its semi-annual Financial Stability Review, it pointed out that the digital, cross-border nature of cryptocurrencies allows them to circumvent existing foreign exchange control laws, while digital assets have not yet been regulated. According to Herco Steyn, the central bank's chief macroprudential exp...
Altvest Capital Ltd. said it will become the first listed company in Africa to adopt bitcoin as a major treasury reserve asset, a strategy that follows Michael Saylor's strategy in which shares have soared more than 2,400 percent since it began buying bitcoin. Altvest CEO Warren Wheatley said in an interview that the company bought one bitcoin and has applied to regulators to raise about 200 million rand ($10 million) by selling shares to increase its treasury reserves. He added that no final de...
Mansa, a Dubai-based but Africa-focused stablecoin liquidity provider, announced the completion of a $10 million seed round led by Tether, which will support the company's expansion into Latin America and South East Asia, where liquidity challenges have also limited cross-border transactions.
Panic is "full"! The Federal Reserve may not cut interest rates in the first half of the year... Click to view...
On February 10, President of the Central African Republic Tuadella announced the issuance of the official meme coin CAR on the X platform this morning, calling it an "experiment" to promote national development. But the announcement video was flagged as suspicious by two AI deepfake detection tools. According to GMGN market data, CAR's market value has now exceeded 700 million dollars. The authenticity of the project has been questioned by many parties. Two detection models of AI deepfake detect...
Arbafree, a job search platform owned by South Korean cryptocurrency exchange Bithumb, resumed its service last month after several years of replanning. The main function of the platform is to match employers and job seekers based on user requests. It is reported that Bithumb has invested 35.20 billion Korean won (about 24 million US dollars) in the platform.
Africa's largest crude oil producer is recovering, facing the temptation of economic interests, it may face a showdown with OPEC + over quotas. Click to view...
