Valr, South Africa’s Crypto Exchange, Secures Preliminary Endorsement from Dubai Virtual Assets Regulator

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South Africa-based cryptocurrency exchange, Valr, recently announced a significant milestone in its expansion strategy—initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA). While this marks a pivotal step for Valr in establishing a global presence, it’s important to note that the approval, for now, does not grant the exchange the ability to offer virtual asset … Read more

Ghana Ranks Second in Growth of Mobile Money Services in Africa: Insights from the 2023 Oxford Economics Africa Report

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In the latest edition of the 2023 Oxford Economics Africa Report, titled “The Africa Risk-Reward Index,” Ghana emerges as a significant player, securing the second position in Africa for the growth of mobile money services. This noteworthy standing places Ghana just behind Côte d’Ivoire in the continent’s mobile money landscape. The report highlights that the … Read more

Exploring the Extension of E-Banking Laws to Crypto: U.S. Consumer Watchdog’s Consideration

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In a dynamic regulatory landscape, the Consumer Financial Protection Bureau (CFPB) has taken decisive action in response to a substantial surge in crypto-platform hacks and the high-profile trial of FTX co-founder Sam Bankman-Fried. The trial, now in its second week, centers on allegations of fraudulent access and use of customer funds, against the backdrop of … Read more

Warren Buffett’s Investment Strategies: Shifting Focus from Bitcoin to Equities

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Billionaire investor Warren Buffett once famously likened Bitcoin to a “rat poised squared” during a shareholder meeting in April 2022, when Bitcoin was trading around $40,000. Fast forward to today, and the cryptocurrency has seen a significant dip, now trading at approximately $27,000. Meanwhile, Buffett’s Berkshire Hathaway Class A stock has not only weathered the … Read more

Bitcoin Is Better Than Digital Gold: Matrixport Report Unveils Strong Gold Connection as SEC Decision Looms

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In a comprehensive report, Matrixport, a leading cryptocurrency services provider, has delved into the robust connection between gold and bitcoin (BTC) as formidable stores of value. The report not only highlights the surge in demand for BTC, especially as a digital store of value but also sheds light on crucial market dynamics. Bitcoin’s Market Impact … Read more

Closing Chapters: Dash Fintech Shuts Down Operations

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Dash

Dash, the Ghanaian fintech trailblazer aiming to revolutionize cross-border payments for Africans by seamlessly connecting mobile money wallets, has officially closed its doors. The news of the startup’s shutdown broke through WeeTracker, signaling the end of its ambitious journey. Ambitious Beginnings Established in 2019 by Prince Boakye Boampong, Dash drew significant investor enthusiasm for its … Read more

Ghana’s SEC Unveils Draft Guidelines for Crowdfunding: Fostering Clarity and Investor Protection

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crowdfunding

In a move to bring clarity and regulatory oversight to the burgeoning crowdfunding landscape, Ghana’s Securities and Exchange Commission (SEC) has released draft guidelines outlining the legal and regulatory framework for crowdfunding activities in the country. The guidelines, aimed at safeguarding the interests of investors and fundraisers, set out eligibility criteria, operational requirements, and investor … Read more

South Africa’s Mining Dilemma: Profit Plunge and Tax Turmoil

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The South African mining sector is grappling with a substantial drop in profits, a predicament that has far-reaching consequences, especially for the nation’s tax collection. The recently released PwC South Africa’s 2023 SA Mine report sheds light on the various challenges faced by mining companies, from declining profits and cash flows to increased input costs … Read more

Paystack Unveils Virtual Terminals to Revolutionize In-Person Payments in Nigeria

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In a strategic move to further bolster its position in Nigeria’s thriving fintech landscape, Paystack has introduced virtual terminals as a groundbreaking solution for merchants. This innovative product empowers businesses to seamlessly accept payments through bank transfers, eliminating the constraints associated with traditional point-of-sale (POS) devices. Details of the Virtual Terminals Paystack’s virtual terminals emerge … Read more