Africa Crypto Week Recap: Quidax and Tether Collaborate on Crypto Education in Africa, BTC Block rewards in Zambia Fuels Homes, Nigeria Resparks Conflict with Binance
Check out the concluding Africa crypto week in review for March, where Quidax and Tether have joined forces to create a fresh crypto education initiative on the continent. Meanwhile, mainstream media is focused on Bitcoin mining activities in Zambia that are energizing rural communities, as announcement about Binance Nigeria captures attention.
The final week of March wraps up with numerous crypto advancements across the African region. Crypto asset exchange Quidax is collaborating with Tether to enhance educational initiatives in the area. In Zambia, a Bitcoin block rewards startup is utilizing inexpensive hydroelectric power to supply energy to a local community, while Nigerian authorities have intensified their scrutiny of Binance.
Africa Crypto Updates: Quidax and Tether Collaborate for Crypto Education and Distributed ledger Awareness
The African crypto asset trading protocol Quidax and the global stablecoin leader Tether are teaming up to promote crypto education across the continent.
The collaborative effort is designed to raise awareness about blockchain and stablecoins, beginning with Nigeria and Ghana.
This initiative aspires to empower around 15,000 individuals to embrace the digital asset era. The program will include financial literacy campaigns, thought leadership initiatives, interactive workshops, and similar projects throughout the region and, eventually, across the continent.
Tether stands to gain from heightened stablecoin usage, as its USDT plays a crucial role in global crypto trading, enabling users to acquire some of the top cryptocurrencies in 2025. In parallel, Quidax aims to broaden its user base by cultivating thousands more crypto asset users via this initiative.
Zambia Crypto Updates: Bitcoin Crypto mining Energizing Rural Communities
The BBC recently highlighted an intriguing tale of BTC mining taking place in the remote regions of Zambia near the DRC border.
Entrepreneur Phillip Walton is utilizing the powerful Zambezi River to mine BTC in a cost-effective and sustainable manner.
The surge in demand for energy due to BTC mining has increased power requirements.
Consequently, the local grid can now produce enough energy to base level 15,000 residents in the vicinity. Uptake remains sluggish due to infrastructure costs faced by local communities.
Nevertheless, BTC mining has rendered the setup economically viable for grid operators.
The proceeds from Bitcoin mining allow grid operators to cover operational expenses and, subsequently, provide affordable electricity to neighboring regions.
BTC block rewards has received criticism over the years for its energy consumption; however, this presents a beneficial solution for both miners and the local community.
Nigeria Crypto Updates: Renewed Enforcement Against Binance?
Just when the Nigerian crypto community felt improvements were underway, authorities have reiterated their concerns regarding Binance.
The major trading network was compelled to withdraw from the Nigerian market last year following a crackdown that led to the detention of a senior executive.
Authorities now accuse Binance of financing criminal organizations in the country through dubious funding. This allegation intensifies previous tax evasion claims raised last year. Nigerian officials are also seeking to long-term holding Nadeem Anjarwalla accountable for fleeing custody.
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Binance, a platform where you can trade some of the finest Solana meme coins, has rebuffed these allegations; however, it illustrates that the Nigerian crypto market will present challenges for landing business.
Significant advancements were made in the latter part of the previous year, with the executive’s release and Nigeria developing a more stable regulatory environment for distributed record companies in the region.
Nigeria continues to represent a significant crypto market, due to its youthful demographic and a population of 200 million.
Binance and other services must now prepare for more stringent regulations or discussions with authorities on effectively managing the aftermath. These developments will certainly be interesting to follow.
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Africa Crypto Updates: Quidax Tether Education Initiative, Zambia BTC Block rewards, Binance Nigeria Developments
- Quidax and Tether kick off crypto education in Nigeria and Ghana to enhance blockchain awareness
- Bitcoin Mining in Zambia energizes 15,000 homes, utilizing Zambezi hydropower to electrify rural regions
- Nigeria intensifies measures against Binance once more, increasing tensions
The post Africa Crypto Week Recap: Quidax and Tether Collaborate for Crypto Education in Africa, Zambia BTC Crypto mining Energizes Communities, Nigeria Relaunches Dispute with Binance appeared first on 99Bitcoins.