Africa's Crypto Developments: Quidax and Tether's Educational Initiative, Zambian Bitcoin Mining Success, and Binance Challenges
A summary of recent developments in Africa's cryptocurrency landscape, including Quidax and Tether's education initiative, Bitcoin mining in Zambia, and regulatory issues facing Binance in Nigeria.
Africa’s Crypto Week in Review
Quidax and Tether’s Partnership for Crypto Education
In a significant move, Quidax and Tether have joined forces to elevate crypto education across Africa, focusing on Nigeria and Ghana. This initiative aims to educate around 15,000 people on blockchain and stablecoin usage via various outreach events including workshops and financial literacy campaigns.
Bitcoin Mining in Zambia Powers Rural Areas
Recent reports highlight a fascinating Bitcoin mining operation spearheaded by entrepreneur Phillip Walton in rural Zambia. Utilizing the Zambezi River’s hydroelectricity, this venture is now providing power to over 15,000 homes, showcasing Bitcoin mining’s potential to contribute positively to local communities despite its controversial reputation.
Nigeria’s Ongoing Struggles with Binance
The crypto landscape in Nigeria has grown more complex, with authorities renewing scrutiny of Binance. Following past crackdowns that forced the exchange out of the market, new allegations suggest Binance is involved in funding illegal activities. The regulatory atmosphere remains tense as operators prepare for stricter measures amidst these claims.
