Top African Crypto News features ONAFRIQ, which employs USDC when Nigeria hunts CBEX scammers. In Ethiopia, the Phoenix Group is expanding its Bitcoin mining operations.
The final week of April brought several prominent code articles from Africa. African payment service provider Onafriq is leveraging USDC to strengthen cross-border settlements. Meanwhile, Nigeria is pursuing eight individuals, including four Kenyans, over the collapse of CBEX. In Ethiopia, the UAE-based Phoenix Group has allocated additional resources to its Bitcoin mining business.
Explore these headlines from the continent this week.
Africa’s Crypto News: Onafriq Partners with Circle for Continental Payments
That’s what Onafriq, a South Africa-based payment infrastructure provider Partner Sing Use USDC Issuener Circle to streamline cross-border payments across Africa. The network spans 40 countries and connects millions of users. Hottest Presale of 2025.
The partnership introduces USDC’s cross-border settlements, a stable, ridiculous settlement that combines the efficiency of the digital international payments system with the stability of the world’s de facto reserve currency.
African countries often face fragmented payment systems and currencies, leading to bureaucratic international settlements.
This blockchain-based solution offers institutions and individuals faster and more cost-effective options. Stablecoins are the basis of modern crypto trading, combining the convenience of digital currency with the relative stability of a country’s currency.
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Nigeria’s Crypto News: Nigeria targets 8 individuals more than CBEX’s collapse
The recent collapse of Africa’s Crypto Exchange CBEX continues to make headlines as research deepens.
It is found on Nigeria’s Economic and Economic Crime Commission Release The eight suspects, four Nigerians and four Kenyan manhunts were thought to be behind the failed exchange.
CBEX is a fraudulent tactic, and its luxurious promises far outweigh the returns of standard financial markets.
Fraud and fraudulent platforms remain major challenges in the encryption space. Crypto enthusiasts, especially those who have some The best cipher to buyyou should validate the platform and have offers that you think are too good.
Ethiopia Crypto News: Phoenix Group expands Bitcoin Mining Investment
It is owned by Phoenix Group, a mining company based in the UAE. Added Increased the total electricity allocation to 50 MW for Bitcoin mining operations in Ethiopia and increased the total electricity allocation to 130 MW. This expansion cements its position as a major international Bitcoin miner.
New milestones have been achieved!
The Phoenix Group added 52MW of Bitcoin mining capabilities in Ethiopia, bringing global capabilities to over 500 MW, totaling 132MW in five countries.
Clean hydropower enables 90% powered, allowing for scalable and sustainable mining.
New achievements have been achieved! pic.twitter.com/RE7SS6K9RF
– Phoenix Group (@phoenixgroupuae) April 29, 2025
Ethiopia’s abundant hydropower allows the Phoenix Group to access affordable, environmentally sustainable energy. In particular, the company aims to rank it among the top 10 global crypto mining companies, and the investment highlights its commitment to its goals. With more miners, the Bitcoin hashrate is at the highest ever high.
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Bitcoin mining in African countries such as Ethiopia and Zambia provides ample renewable energy and viable opportunities. These factors allow large miners to explore emerging markets and generate mutually beneficial investments across the continent.
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African Crypto News: onafriq adopts USDC as Nigeria cbex scammer
- South Africa’s infrastructure provider, Onafriq is partnering with Cicle to help support the adoption of USDC.
- Nigeria is after eight suspects, including four Kenyans, after the collapse of CBEX.
- Phoenix Group doubles Bitcoin mining to add 50MW
Africa’s Cryptography Week after review: onafriq Taps usdc, after eight suspects after Nigeria’s CBEX collapse, the Phoenix Group expanded its Ethiopia Bitcoin mining business, first appearing in 99bitcoins.
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