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Tanzania gets close to introducing Central Bank Digital Currency

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Tanzania is edging closer to introducing a central bank digital currency (CBDC) to help counter the rising popularity of cryptocurrencies in the East African...

Meta plans virtual currency, creator coins

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Mark Zuckerberg's Meta Platforms is readying plans to introduce virtual tokens and cryptocurrencies to its family of apps with an aim to use such...

BoG solicits public support for eCedi piloting

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The Bank of Ghana is urging all Ghanaians to support the piloting of Ghana's yet to be launched central bank digital currency, the eCedi...

Binance introduces US$1bn SAFU to protect users in case of security...

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Binance has introduced a US$1Billion Secure Asset Funds for Users (SAFU) Holdings, an emergency fund set aside to protect users’ assets in cases of...

Eastern Caribbean Digital Currency platform crashes

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The Eastern Caribbean Central Bank (ECCB) has been forced to pull the switch on its digital dollar project DCash to deal with 'technical issues',...

eNaira records 694,000 downloads, 95 days after its launch

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eNaira, the digital currency issued by the Central Bank of Nigeria (CBN), has had 694,000 downloads in the 95 days since it was launched. This...

eCedi won’t compete with mobile money – BoG source

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Contrary to assertions that Ghana's yet to be launched digital currency, eCedi will bring competition to mobile money, a reliable source at the Bank...

BoG gets partner for e-cedi piloting

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Bank of Ghana has signed a partnership agreement with German IT giant,  Giesecke+Devrient (G+D) to pilot Africa’s first general-purpose Central Bank Digital Currency (CBDC)...

BoG to start e-cedi pilot this September

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The First Deputy Governor of Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari has said the central bank is in the advanced stages of piloting...

Investors lost a whopping $830 billion in crypto crash last week

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The last seven days has been volatile for cryptocurrencies, which witnessed a total of 63 per cent crash, resulting in investors losing a whopping...

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