Africa

Crypto Projects To Watch: Gridless
Gridless Is Extending Power to Rural Africa
Bitcoin mining has a dirty reputation for using more energy than some small countries. But African cryptominers have found a way to use their consumption to keep the lights on in rural communities. That’s why Gridless is one of CoinDesk’s Projects to Watch 2023.
Crypto Projects To Watch: Gridless

Projects To Watch: Machankura
Machankura Lets Africans Use Bitcoin With Basic Mobile Phones
Bitcoin maximalist Kgothatso Ngako has brought global digital financial services to Kenya, South Africa and other countries where at least half of the population doesn’t have smartphones and reliable internet service. That’s why Machankura is a 2023 Project to Watch.
Projects To Watch: Machankura

Zambia flag (Engin Akyurt/Unsplash)
Zambia to Wrap Crypto Regulation Tests by June: Report
The country is also exploring the issuance of a central bank digital currency.
Zambia flag (Engin Akyurt/Unsplash)

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FTT Token Surges as FTX Lawyer Says Exchange Could Reopen; Block’s TBD Partners With Yellow Card
FTX the cryptocurrency exchange that collapsed spectacularly in November is considering reopening at some point in the future as it navigates bankruptcy its attorneys from Sullivan Cromwell said in a court hearing on Wednesday Separately TBD the bitcoin focused subsidiary of Jack Dorsey’s Block SQ is teaming up with crypto exchange Yellow Card to enable [...]
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(Ian Suarez/CoinDesk)
Diana Biggs: Building Early-Stage Ventures in Web3
Now a partner at venture fund 1kx, Biggs is a nine-year crypto veteran. She's bullish on early-stage companies and a speaker at our Consensus festival.
(Ian Suarez/CoinDesk)

Blockchain Africa Conference (Bitcoin Events Pty Ltd)
Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say
The sentiment permeated talks and fireside chats at the 2023 Blockchain Africa Conference in Johannesburg, South Africa.
Blockchain Africa Conference (Bitcoin Events Pty Ltd)

A view of the Suriname river from the Blauwe Berg. The small nation north of Brazil is home to a couple of projects trying to use blockchain to preserve the forest. (-JvL-/Wikimedia Commons, modified by CoinDesk)
ReFi for the People: How Crypto Can Help Local Communities Help Their Ecosystems
A hyper-localized breed of regenerative finance hopes to use crypto not only to improve the world’s carbon footprint but improve lives’ of local communities.
A view of the Suriname river from the Blauwe Berg. The small nation north of Brazil is home to a couple of projects trying to use blockchain to preserve the forest. (-JvL-/Wikimedia Commons, modified by CoinDesk)

Nigerians form long queues at ATMs as cash shortages continue (TVC News)
Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages
A lack of infrastructure, merchants and interest may all be reasons why more people in the country aren't using the digital currency.
Nigerians form long queues at ATMs as cash shortages continue (TVC News)

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Worldwide Grassroots Projects Can Lead Crypto Recovery
Crypto is not hurting lower income and marginalized communities, but instead providing them with new tools - through innovative governance models and tokenomics - to regain control from historically oppressive financial systems.
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How Machankura Allows Bitcoin Transactions Without an Internet Connection
Bitcoiners in African countries, including Nigeria, South Africa, Kenya and Ghana, can now send and receive bitcoin (BTC) without a smartphone or Internet connection. Machankura catalyst Kgothatso Ngako discusses how the digital wallet startup is making it happen by tapping into the Bitcoin Lightning network. Plus, insights on bitcoin adoption in Africa.
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