Africa Crypto News Weekly Recap: Surge in Crypto Payments in South Africa, Kenya Eliminates Crypto Tax as Yellow Card Enhances Stablecoin Adoption
In the most recent updates on African cryptocurrency: South Africa's crypto transactions reach 2M Rand each month, while Kenya abolishes its 3% tax on crypto. Yellow Card aims to increase the use of stablecoins. South Africa is a continental leader, with Luno Pay
UAE Company Allocates $100M to Trump-Associated WLFI Token
A UAE-based firm has committed $100 million to the WLFI (World Liberty Financial) Token, associated with Trump. On 26 June 2025, WLFI and Aqua1 Foundation, a Web3-centric investment vehicle, announced their strategic alliance as a strategic initiative aimed at enhancing the blockchain ecosystem
Kraken Secures First EU-Wide License Under MiCA Through Irish Central Bank
The crypto trading platform Kraken has officially obtained its Markets in Crypto-Assets (MiCA) licence from the Central Bank of Ireland, positioning it as one of the first significant platforms to secure full approval within the European Union’s new digital asset framework. This licence
Galaxy Digital Secures More Than $175 Million For Crypto asset Investments
The digital asset and distributed database investment firm, Galaxy Asset Management's Galaxy Digital, has reported that it has secured more than $175 million in capital commitments. These funds are designated for investments in “early-stage companies that are creating essential infrastructure and applications for
South Korea’s Largest Banks Collaborate on Won-Backed Stablecoin
A consortium of principal commercial banks in South Korea is making significant progress toward the introduction of a stablecoin linked to the Korean won. This coalition, featuring KB Kookmin, Shinhan, Woori, Nonghyup, Industrial Bank of Korea, Suhyup, Citi Korea, and Standard Chartered Korea,
South Korean Financial Institutions Collaborate on Won-Supported Stablecoin Project
A group of eight commercial banks in South Korea has united to create a won-backed stablecoin. Their declaration, made on 25 June 2025, signifies the inaugural instance of commercial banks in South Korea collaborating in a consortium to venture into the digital asset
Did Jerome Powell’s Crypto Greenlight Just Create The Conditions For a Parabolic Surge?
The endorsement of digital currency by Jerome Powell could ignite a parabolic surge. BTC is stable above $105,000, with potential for increases over $112,000. The Federal Reserve remains concentrated on inflation and monetary policy. In a fluctuating week, digital currency values have returned
Telcoin (TEL) Crypto asset Soars 30% as Optimism for Stablecoin Regulation Raises Prices in the U.S.
Telcoin is experiencing a surge, rising 30% over the last 48 hours. Could TEL crypto reach new heights? The enthusiasm is driven by encouraging regulatory changes in the United States. The GENIUS Act has passed in the Senate and is expected to receive
Hong Kong’s Financial Secretary Validates Launch of Stablecoin Licenses Beginning in August
According to a China Daily report published on 23 June 2025, Hong Kong’s Financial Secretary, Paul Chan Mo-po, has announced that the stablecoin ordinance will become effective on 1 August 2025. This makes Hong Kong the first jurisdiction worldwide to establish a regulated
Circle Stock Displays No Indications of Deceleration: Here’s the Reason
Circle CIRCL stock is on the rise, soaring nearly 10 times its IPO value. A variety of factors, including the expansion of USDC, strategic collaborations, and regulatory transparency, are fueling the market demand. Weeks prior to Circle's public debut with a $5 billion
