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Africa and the Middle East: Crypto and Blockchain News Roundup 2-8 February 2019

Africa

Africa and the Middle East

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

South Africa

Blockchain Companies Respond to New Legislation: In the aftermath of the new proposed crypto legislation by the government of South Africa, companies are now starting to respond to it. The paper titled Consultation Paper on Policy Proposals for Crypto Assets was proposed by the South African Reserve Bank (SARB) earlier this year and drew mixed reactions from most of the crypto community.

Cryptocurrency platform Luno has come forward and praised the latest initiative by the government especially the part about not placing cryptocurrencies on the Value Added Tax (VAT) list. While other crypto companies and commentators have had mixed reactions, exchanges are breathing a sigh of relief as the taxes are not as high as expected.

DR Congo

Ford and IBM are Working on Blockchain-based Ethical Mining: Car manufacturer Ford and electronics giant IBM are working to source minerals more ethically from African countries including DR Congo. Just like blood diamonds, rare earth metals that have abundant use in electronics are also blamed much for the violence and warlord-like style of governance in some African countries.

Now, attention is being paid to the history of the mined metals including the labour being used in the process and adherence to basic human rights. Ford and IBM, both require huge quantities of these rare earth metals themselves but are now looking to help themselves and other companies procure them ethically with the help of blockchain technology. Every mineral shipment is recorded on the blockchain starting from its origin, processing, all the way up to the product itself. IBM’s Hyperledger DLT will be used for this purpose.

Israel

Sirin Labs CEO Says Whitepapers are not Legally Binding: Amid allegations that he misappropriated funds, Sirin Labs founder Moshe Hogeg has said before a court that whitepapers of Initial Coin Offerings are not legally binding. He also clarified that investors in ICOs have no actual ownership stakes in the company itself.

Hogeg was being sued by a Chinese investor who claimed Hogeg deviated from the whitepaper and was therefore liable to a penalty. The company in question is STOX or STX Technologies Limited. While Hogeg hasn’t been convicted right now, the revelation could make investors more careful about participating in ICOs.

Saudi Arabia/ United Arab Emirates

Cross Border Payments being Tested between Saudi Arabia and UAE: The Saudi Arabian and Emirati central bank task forces are working to create a borderless currency between the two nations. The project is part of a seven-point cooperation plan for strengthening the mutual banking and financial channels.

The joint statement from the two countries read:

“The cross-border digital currency will be strictly targeted for banks at an experimental phase with the aim of better understanding the implications of Blockchain technology and facilitating cross-border payments. The virtual currency relies on the use of a distributed database between the central banks and the participating banks from both sides. It seeks to safeguard customer interests, set technology standards and assess cybersecurity risks. The project will also determine the impact of a central currency on monetary policies.”

So, for now, the currency will strictly be used for interbank and interdepartmental use only.

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Africa and the Middle East: Crypto and Blockchain News Roundup 19 to 25 January 2019

Africa

Africa and the Middle East

Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country.

South Africa

South Africa Looks to Regulate and De-Anonymize Bitcoin Transactions: As per a recent consultation paper published by the South African Reserve Bank, the government is set to regulate cryptocurrencies in the region while de-anonymizing cryptocurrency transactions. The paper states factors like price volatility, cybercrime attacks, market illiquidity, and fraudulent transactions as risks associated with the cryptocurrency market and thus justifies the new regulations that aim to mould the crypto market into a banking-like structure.

After the implementation, banks will account for cryptocurrencies as crypto “assets” over the last term, which will make it easier for the authorities to enforce protection laws and tax policies.

Nigeria

Nigerians See Value in Cryptocurrencies, Despite Slow Adoption: According to a recent survey by Luno, an online platform for trading cryptocurrencies, the future of the digital currency looks bright despite a sluggish start and adoption in Nigeria. The report elaborates on how Nigeria’s payment landscape is slowly but surely changing, as more and more people rush towards adopting cryptocurrencies.

According to the survey, over 65% of the participants were familiar with the concept of cryptocurrencies, and although 48.09% of the participants admitted not to own any cryptocurrency, they expressed their desire to buy in the future. These heartening numbers, along with the 38% of respondents claiming they already own cryptocurrency, exhibit positive signs for the future of crypto in the country.

Israel

Jerusalem’s High Profile Crypto Owner Sued by Chinese Investor for Alleged Fraud: A Chinese cryptocurrency investor has filed a lawsuit against STX Technologies Limited (STOX) and its owner Moshe Hogeg, worth about NIS 17 million (USD 4.6 million). The lawsuit claims Hogeg swindled and misappropriated millions in cryptocurrency from the company’s investment. It adds that the investor and plaintiff, Zhewen Hu, invested a total of about USD 3.8 million worth of Ethereum in the Stox prediction market platform after being promised in the company’s white paper that if it were to raise $30 million worth of Ethereum, it would invest it back into the development of the prediction market platform.

This would have meant an increase in the value of Stox tokens in secondary markets. The company managed to raise $34 million, but Hogeg only reinvested 14% of that amount, a paltry $5 million, and directed the rest into other ICOs such as Telegram. It also accuses Hogeg of selling his own tokens in Stox before the promised date and thus devaluing the tokens of other investors.

Turkey

Turkey Lends Weight Behind Petro Crypto by Supporting Maduro: The political turmoil in Venezuela has taken a turn for the worst, as the people have erupted on the streets demanding the ousting of current President Nicolas Maduro. But even in these testing times, Maduro has received full support from his Turkish counterpart, Tayyip Erdoğan, who has been a long time supporter of the regime.

Turkish President reassured Maduro that his country stands by him after the US, Canada, and Brazil expressed support for opposition leaders Juan Guaidó as head of state. Other than the transport of gold from Venezuelan mines to Turkey for refinement, the backing of Maduro’s regime has increased the legitimacy of Venezuela’s cryptocurrency Petro, which was created by Maduro in a bid to alleviate the economic tumult and circumvent US’ economic sanctions.

Saudi Arabia:

Saudi-UAE Council Explores Blockchain: The cryptocurrency market is up for a proper shake-up, as the executive committee of the Saudi-Emirati Coordination Council has recently announced plans to start the development of their own joint cryptocurrency.

The Saudi-Emirati Pilot cryptocurrency is to be used by the banks of both countries to facilitate cross-border payments. The cryptocurrency will also act as a database for both countries’ central banks and other participating banks. Along with protecting consumers and standardizing the usage, it will also observe the risks and effects of the cryptocurrency on monetary policies.

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The post Africa and the Middle East: Crypto and Blockchain News Roundup 19 to 25 January 2019 appeared first on BitcoinNews.com.

Africa and the Middle East: Crypto and Blockchain News Roundup 12th to 18th January 2019

Africa

Africa and the Middle East

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

South Africa

South Africa’s Central Bank Proposes Rules for Crypto Companies: South African Reserve Bank (SARB), as it attempts to protect customers and investors from the vulnerabilities in the current system, has issued new regulations which compel crypto exchanges and wallet services to register with regulators.

Amid the concerns that the regulatory measures might suffocate the market, the central bank insisted they will be “walking a middle line … to attain only limited regulation.” The changes are expected to start with a registration scheme for crypto asset service providers, followed by a review of the existing laws on assets to include crypto assets, and finally the creation of a regulatory body to implement the decisions.

South Africa’s ANC Election Manifesto Cites Blockchain as Game Changer:  As the political landscape in South Africa gets hot ahead of the general elections in May, the ruling party – African National Congress’ (ANC)’s President Cyril Ramaphosa revealed their manifesto that termed advancement of blockchain and crypto tech as a top priority.

And it does appear that there is more meat to this rather than just political lip service as the Government already has developed a new assets regulatory working group to maximize the potential of cryptocurrency. Similarly, another factfinder project — Project Koha, underway in collaboration with multiple financial institutes, and the SA Reserve Bank has also reported positive results when it comes to high volumes blockchain payments.

Congo

Ford Will Fight Child Labor in Africa Using Blockchain: According to Reuters, the American car manufacturing giant Ford has teamed up with the likes of IBM, LG Chem, and Huayou Cobalt to design a common blockchain platform that tracks down cobalt coming from Congo that is ultimately used in Ford’s lithium-ion batteries.

The project looks to cut down the rampant child labor at the cobalt mines in Congo, where minors are worked against their will often in life-threatening conditions, as it will try to detect and track down such instances and completely ban and boycott suppliers who are involved or connected with these heinous crimes.

Israel

Israel’s Top Cargo Shipping Firm Zim Opens Blockchain Platform to All Clients:  Zim, Israel’s largest cargo shipping company, has announced the launch of its blockchain platform for all clients using electronic bills of lading (eB/Ls).

After completing a year-long pilot of its blockchain-powered eB/Ls platform, the firm claims that blockchain can replace the existing paper-based processes and dramatically improve the workflow. To prove this, two recent transactions were conducted in less than two hours each using the blockchain-based platform, whereas they used to take multiple days or even weeks earlier.

Bahrain

University of Bahrain Will Issue Diplomas on the Blockchain Employing Blockcerts: The University of Bahrain has announced the issuance of diplomas on the blockchain in a bid to encourage the development and adoption of the technology in the country.

The institute, using the Blockcerts open standard, has developed the diploma program in collaboration with Learning Machine, a startup that provides a system to issue verifiable official records through the blockchain-anchored format. Last year, the Government of Bahrain stressed the importance of the blockchain technology, and termed it as “a true mark of progress.”  This particular initiative is also part of that ideology, as it aims to offer an overall digitization strategy for mobile learners.

United Arab Emirates

UAE Telecom Operator du Announces Blockchain Solution For Fake Drugs: UAE-based telecom operator du has revealed its latest weapon in the war against fake drugs, as it announced the launch of a Blockchain Platform as a Service (BPaaS) at the Unlock Blockchain Conference in Dubai. The patient-centric safety blockchain solution allows users to verify the origin and metadata of the medicines, and after the data is entered onto the distributed ledger, there is no possibility for manipulation.

This allows complete accountability for pharmaceutical products and increases transparency in the distribution system. Developed in collaboration with MedTech solutions provider Dhonor HealthTech, it will enable easy identification and removal of fake drugs from the supply chain.

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The post Africa and the Middle East: Crypto and Blockchain News Roundup 12th to 18th January 2019 appeared first on BitcoinNews.com.

Africa and the Middle East: Crypto and Blockchain News Roundup 5th to 11th January 2019

Africa

Africa and the Middle East

Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country.

South Africa

South Africa Deliberating Tax with the Crypto Task Force: The South African government has set the wheels into motion to create a crypto task force and include all the cryptocurrency activities into the tax net.

The group consists of representatives from the Financial Sector Conduct Authority, Financial Intelligence Centre, the SA Revenue Service (SARS), Treasury, and the Reserve Bank as they aim to develop a unified intergovernmental regulatory framework while ensuring that losses on cryptocurrencies are only offset against profits from the same system, a phenomenon known as ring-fencing.

Kidnappers Demand Bitcoin Ransom for Missing Nine-Year-Old: As the saga unfolds following the disappearance of a 9-year-old girl known as Linathi Titshala, possible kidnappers have recently sent an anonymous message demanding a ransom of 5 BTC ($19,200) for the girl’s return.

The message was sent to the anti-crime group Western Cape Gangwatch, who said to have tried to trace the email’s source via the Bitcoin address but failed since it was probably created at an internet cafe with an untraceable IP address.

Nigeria

Nigeria’s Electoral Commission to Conduct Pilot Test of Electronic Results Transmission: After the earlier success of electronic results transmission back in 2015 during the off-season elections, Nigeria’s Electoral Commission (INEC) has recently announced a pilot run of the system ahead of 2019 general elections.

Although Nigeria’s current Electoral Act doesn’t allow any provision for its adoption, the officials hope that the success of the test run will compel lawmakers to press for a much-needed change in the legislation.

Kenya

Cryptocurrency Regulation Battle Intense in Africa, Regulators Pin Down Suspicious Cryptocurrency Projects: Capital Markets Authority of Kenya (CMA) has recently warned the users of Kenya’s up-and-coming crypto tokens company KeniCoin about possible fraudulent activities. KeniCoin was launched in July 2018 and promised its users 10% monthly ROI.

CMA published the report in the wake of the ongoing investigations of KeniCoin’s parent company ‘Wiseman Talent Ventures’ and has already highlighted drastic discrepancies in the information on the KeniCoin website and the interviews given to the authorities.

Israel

Gold Reserves to Bitcoin Reserves: Nick Szabo on Crypto in 2019: History of currencies, scope of Bitcoin as a mode of payment, and predictions on the future developments; the first Israel Bitcoin Summit at Tel Aviv University had it all as the early pioneer Nick Szabo, and Bitcoin’s probable founder, Satoshi Nakamoto graced the event with their presence.

Among all the presentations, the highlights included Szabo’s claims that all central banks may soon be inclined to supplement their gold reserves with cryptocurrency. He also remarked that 2019 could see the adoption of the Lightning Network, which would allow two users to make payments to each other almost instantaneously.

Turkey

Interest-free payment platform developed in Turkey: Turkish Blockchain payment platform, MenaPay, has announced that it will launch the first-ever Islamic finance based payment methods to accommodate their large Muslim userbase. This will allow the residents of MENA region to utilize the safety of blockchain technology and leverage MenaPay Platform’s payment transparency while abiding by the religious obligations.

MenaPay has already made headway into the market thanks to its QR code payment system which allows all transactions to be executed within 5 seconds, and this move puts them on the path to becoming the largest cashless service in the MENA region.

UAE

UAE Wants 50% of Government Business on Blockchain by 2021: UAE Government has announced the launch of two new initiatives under the title “the AI and Blockchain Guide initiative.”

The program aims to allow the federal government to develop a standardized system to define and regulate blockchain technology and AI while streamlining the way to implement the technologies across all the smart cities in the seven emirates. The initiative will also focus on training and educating all relevant authorities on these technologies and integrate them in all sectors of the economy.

UAE’s Etisalat Picks Startups for Ai and Blockchain Scale-Up Program: Dubai-based telecommunication giant Etisalat recently announced that it had chosen four startups for the development of AI and blockchain technologies for its “Future Now” scale-up program.

The program offers the participants to access Etisalat’s digital resources, expertise, and office space and develop joint applications for the company’s client base. Among the companies chosen were China’s Yitu Technology, UAE’s Com IoT Technologies, Hong Kong’s 300cubits, and USA’s Tradefin.

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Africa and the Middle East: Crypto and Blockchain News Roundup 29 December 2018 – 4 January 19

Africa

Africa and the Middle East

Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country.

South Africa

Cryptocurrency Regulatory Working Group Formed by the Government: In an effort to be more decisive and inclusive in cryptocurrency regulation, the South African government has announced the formation of a local working group task with the responsibility of formulating regulations and getting input from the industry.

According to a letter by Tito Mboweni, the Finance Minister of the country, the Cryptocurrency Asset Working Group will not just focus on cryptocurrencies but all other facets of the industry including blockchain technology and its wide range of applications.

According to the Minister:

“It is anticipated that, following broad industry comment and participation, the crypto assets regulatory working group will be ready to release a final research paper on the subject during the course of 2019.”

It remains to be seen what will be the constitution of this latest working group.

Nigeria

Investors Training Nigerians on Cryptocurrency Trading Profitability: To encourage more investment and trading in the sector, cryptocurrency trading experts are tutoring an emerging generation of traders in the country to become more profitable in trading cryptocurrencies.

Ian Balina, an acclaimed bitcoin trader and investor said that trading can be a profitable investment for youngsters if they can understand more about its working. Faith Titus, the co-founder of Blockchain Nigeria User Group believes that it is necessary for one to be educated in order to succeed in the sector. Toyosi Abolarin, the Lead Project Manager at Venture Garden Group endorsed the government’s efforts to regulate the industry fairly and believed it will boost trading.

Zimbabwe

Reserve Bank Declares Cryptocurrencies a Threat to the Nation: The Reserve Bank of Zimbabwe is continuing its anti-cryptocurrency stance by declaring cryptocurrencies like Bitcoin a threat to the nation.

Governor  Dr. John Mangudya made these comments in an official statement, saying that all cryptocurrency investments have no legal protection and they are prone to embezzlement as well as being used in Money Laundering and Financing of Terrorism.

While the government has taken a hardline stance in the country, many Zimbabweans are turning to cryptocurrencies to avoid the crippling hyperinflation prevalent in the country. This is also the reason why cryptocurrencies are being traded at a heavy premium in the country.

Israel

Israel Blockchain Industry Survives Despite Tough Year: The Israeli Blockchain industry has had a tough year as dozens of new projects were scrapped because of lack of regulatory approval and fears of government crackdown which hasn’t materialized yet. Despite the tough year, many blockchain projects have survived and are looking to build on their survival with a little help from the government if needed.

Sirin Labs rolled out the first blockchain smartphone in the country and may look to build on its initial success despite the high price tag of the phone. There are other exchanges and new startups that made money in the course of 2018, but in the end, due to the price tank of Bitcoin and regulatory challenges, the kind of growth expected in the industry didn’t happen. Still, innovators are looking at 2019 with hope.

Turkey

Countries Looking to Abandon US Dollar May See Cryptocurrencies as an Alternative: Several notable economies in the world including Turkey, Russia, China, etc are looking to undercut the dominance of the US Dollar in the market by adopting alternative ways of payments, with cryptocurrencies being eyed as a possible alternative.

While China is beefing up gold reserves for this purpose, Turkey has had a bad experience because of its dependence on the greenback with the local currency Lira losing as much as 25% at one time because of an ongoing diplomatic tussle with the US. P2P cryptocurrency trading platform LocalBitcoins.com noticed a considerable spike in trading volumes during the tense period. With cryptocurrencies gaining popularity in the country, the government may also look to adopt them from a strategic point of view.

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Africa and the Middle East: Crypto and Blockchain News Roundup 22 – 28 December 2018

Africa

Africa and the Middle East

Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country.

African Union

Paxful Reports Increase in Cryptocurrency Usage in Africa: African countries including Ghana and Nigeria are reporting a considerable increase in cryptocurrency trading activities according to data from Paxful with both of these countries ranked among the top ten in the world for crypto adoption. In some parts of the continent, the crypto adoption increased two-folds with increased enthusiasm among the younger sections of the population.

It is expected that next year will be bigger and better for the cryptocurrency scene in the continent where microfinance has a big future and many people are underbanked with no access to mobile accounts.

Nigeria

Experts Believe Cryptocurrencies can Boost Economy in the Country: Experts based in Africa’s biggest economy believe that cryptocurrencies have the ability to transform the economic landscape of the country. They made their views known in a recent Luno Conference in the country that hosted some of the top professionals in the sector.

According to Lucky Uwakwe, the CEO of Blockchain Solutions Limited, cryptocurrency awareness was increasing in the region and he thought the country should step up in the market because cryptocurrencies are the future. Nigerian blockchain expert Owenize Odia believes that the right regulation is needed in the country to help cement trust and lend authenticity to the sector.

Dash to Increase Merchant and Exchange Integrations: Digital currency Dash is making new inroads in Nigeria as the privacy and crowdsourcing-centric cryptocurrency has added two new merchants and is offering discounts for paying with the cryptocurrency through these merchants.

The two stores are Qualymart and CryptoStorez, both Nigerian e-commerce solutions. Qualymart is offering a whopping 20% discount on Dash payments while Cryptostorez offers 5%.

Turkey

Bitcoin’s Popularity is Growing: Bitcoin’s trading volumes have soared up to 37% in Turkey since October this year despite the eventual lifting of sanctions after a diplomatic deadlock ended in recent months. The increased usage of LocalBitcoins.com and other P2P cryptocurrency trading platforms mean that people are interested in the new digital class and are willing to invest in it to circumnavigate the effects of inflation in the country.

The millennial population is the one most prone to investing in the new sector.

United Arab Emirates

Government Looking to Introduce New Crypto Regulations by early 2019: The government of UAE is looking to introduce comprehensive cryptocurrency regulation in the country by the first half of 2019, according to local media reports. The new regulations will introduce common sense regulations for the industry and will look to make the country the most dominant player in the Arab world and even across the globe.

According to Hans Fraikin, the CEO of Libra Project:

“The UAE is perfectly positioned to be a global leader in the ICO space. If they succeed as planned, they will be at the forefront of this new burgeoning global securities sector.”

ICOs are also expected to be allowed in the regulation and will result in major coin-related businesses coming to UAE’s shores.

Iran

American Government Looking to Counter Iran’s Efforts of Using Cryptocurrencies: The US is stepping up its efforts to enforce further sanctions on Iran by blacklisting its new cryptocurrency projects and suspicious wallets. A new bill presented in the House of Representatives by Mike Gallagher (Wisconsin) aims to prevent Iran from creating a new cryptocurrency.

The Blocking Iran Illicit Finance Act will enable the US administration of Donald Trump to take further action on enforcing sanctions.

According to the proposed bill:

All transactions related to, provision of financing for, and other dealings in Iranian digital currency by a United States person or within the United States are prohibited.”

The US unilaterally withdrew from a Nuclear deal with Iran and has since come out on the offensive against the Middle Eastern country whose population is opening up to cryptocurrencies as a way to circumnavigate the imposed sanctions and their economic effects.

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Africa and the Middle East: Crypto and Blockchain News Roundup 14-20 December 2018

Africa and the Middle East: Crypto and Blockchain News Roundup, 28th September to 4th October 2018

Africa and the Middle East

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

Nigeria

Cryptocurrencies to Boost Trade in Nigeria: According to experts, cryptocurrencies have the potential to boost trade in Nigeria — the biggest economy in the continent.

Lucky Uwakway,  the Chief Operating Officer of Blockchain Solutions Limited, in a presentation stated that Nigeria can follow global trends to boost trade. Right now, 51 percent of the people view cryptocurrencies as an investment but more and more people are using it for remittances, online shopping and local transfers. But, overall, Uwakwe believes that the price needs to stabilize or keep increasing to keep people interested in the sector.

Cryptocurrency promoter Olaleye Awe believes that trading should increase when the prices are low, as it would lead to better integration of the monetary asset.

Lagos

IBM Using Blockchain to help Farmers: IBM’s latest blockchain solution called Hello Tractor aims to connect small farmers with data analytics and physical equipment to yield better crops. The initiative is part of the company’s blockchain ecosystem to increase the use of AI and reduce losses.

The service will be available for farmers who wish to use a digital ledger and AI-based system to capture, track and share data.

South Africa

Startup Targets Youth Unemployment through Blockchain Technology with Google’s Assistance: New blockchain startup ZLTO is working to reduce unemployment in South Africa. Unemployment is high in this part of the world (~50%) with a majority of it prevailing in the coloured majority.

ZLTO aims to involve youngsters in community-related efforts to increase business activity and job creation. The startup just raised R3.5 million from Google for this purpose. Volunteer work will also be included in the proposed framework including cleaning up streets and even painting buildings.

Kenya

IBM Using Twiga Blockchain to Help Agriculture Industry: IBM’s Twiga blockchain initiative in partnership with Twiga Foods is using the power of the decentralized technology to keep track of transactions and recording data.

Twiga foods aim to cut the increasing role of middlemen in the Agriculture industry and thus boost profits for the farms. The sector contributes to more than 50% of the GDP in the country. Over 5000 vendors already use the Twiga platform to order produce in the African country and could potentially benefit from it.

Egypt

Reserve Bank Conducting Feasibility Studies for Digital Currencies: The Central Bank of Egypt (CBE) is undertaking feasibility studies on digital currencies in the country according to Aymen Hussein, the sub-governor of the bank.

Hussein made these comments during a recent blockchain conference in Abu Dhabi earlier this week. He believes a blockchain version of the fiat currency may be able to help government cut costs on money regulation in the country.

Israel

Central Bank Seeking Input on Crypto Regulation: The Central Bank of Israel is working for crypto regulation in the country and now seeking input from the public regarding it.

The bank believes that there is a need to monitor development in digital assets space and is now seeking input from the crypto community and the general public for this purpose.

Turkey

Ripple Technology Used to Transfer GBP from Turkey to UK: Ripple’s XRP may be the cryptocurrency face of the company but its underlying technology is also making progress. Recently, a transfer of money in British Pounds (GBP) was facilitated by Ripple’s blockchain technology.

The transfer occurred between an Akbank and a Santander bank branch in the United Kingdom.

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