In the third quarter of 2023, Kaspersky reported a 32% increase in detected phishing attacks in Kenya compared to the previous quarter and a 12% rise compared to the same period in 2022.

Approximately 17.3% of Ghanaian adults own some form of cryptocurrency, totaling 3.1 million individuals, exceeding the global average of 15%

Since the commencement of the application window in June, there has been a noticeable surge in interest from South African businesses in the realm of crypto.

The increasing trend in South Africa indicates a significant surge in buying, selling, and investment in crypto assets, including derivatives tied to cryptocurrencies.

In an interview, the CEO highlighted Canza Finance’s new DeFi innovation, Baki, aimed at tackling this issue by providing decentralized foreign exchange (FX) for African currencies.

Dania stressed that the police’s actions in apprehending the criminals play a pivotal role in dispelling concerns about fund mismanagement and in reaffirming Patricia Technologies’ integrity.

While no African nation currently ranks in the top 10 for Bitcoin-related resources, countries such as Ethiopia, Egypt, and Angola have already experienced significant water impacts due to Bitcoin mining.

The report delved into specific categories of investment disclosing that $213 million was directed towards metaverse-related games and technology

One of the standout findings is that homegrown cryptocurrency exchanges within the region continue to outperform their global counterparts.

The strongest interest in cryptocurrency investment within the next 12 months emerged from countries such as Nigeria, South Africa, the Philippines, Vietnam, Indonesia, and India.

The key takeaways from the survey underline Nigeria and South Africa as the top two nations with the highest cryptocurrency awareness levels.

With 75 million KYC checks done, Smile ID is out with its third report on the State of KYC, customer onboarding, and fraud trends in Africa.

Deloitte’s recent groundbreaking research report delves into the increasingly popular trend of incorporating cryptocurrencies in business operations. The report also sheds light on the benefits of adopting digital currencies, ranging from reaching new customer segments to hedging against inflation and enhancing treasury activities.

As the cryptocurrency market gains momentum, the H2 2023 Coinmarketcap (CMC) report has unveiled numerous trends and developments that promise to shape the industry’s trajectory in the coming months. From potential regulatory breakthroughs, and innovative blockchain solutions, to the rise of Liquid Staking Derivatives (LSDs), the report paints an optimistic picture of the crypto landscape.

The International Monetary Fund (IMF) recently expressed its concerns about the risks associated with cryptocurrencies, particularly Bitcoin, and advised central banks against accepting them as legal tender.