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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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.

Nigerian crypto startups remain stable despite a tumultuous year in Africa’s largest market. This assessment is based on statistics related to funding crypto startups. Meanwhile, another “untruthful, the better” crypto platform has been unraveled, leaving potential victims behind. Finally, Wiki Finance Expo will be coming to South Africa in August 2025.

Explore these stories that shape the headlines of this week’s Continental Cryptography.

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Nigeria’s Crypto News: Web3 Company Raises $20 Million in 2024

VC Firm Hashed Emergent Report I’ll check The Nigerian blockchain startup raised at least $20 million in 2024. The report found that Nigeria accounts for around 3% of the world’s blockchain developers. Some of them contributed to the construction Top 1000X Crypto Projects of 2025.

This figure is robust for an industry that faced unprecedented regulatory oversight in 2024. The Nigerian blockchain scene closely monitored the movements by authorities following the public crackdown on vinance, raising concerns about the wider crackdown.

This amount is slightly lower than in 2023, but it reflects important research and innovation in this market. Nigeria offers significant untapped potential for crypto development as the largest crypto market on the continent.

Nigeria and Kenya Crypto News: CBEX Collapse Leaves Victims

The list of suspicious crypto platforms that have collapsed has grown dramatically over the past week. CBEX claims to be a crypto investment platform; It fell It was sunk with customer funds.

➥Reaction afterwards

The collapse led to widespread rage as long as customers in Ibadan and Kenya began looting Oke-Ado’s CBEX office.

Now people have decided to dig deeper for information about cbex

After that they noticed that CBEX was not registered pic.twitter.com/q1sciozium

– Invincible (@thee_invincible) April 16, 2025

The platform promises an astounding 100% return on investment each month, matching some performance Top Solanamime Coin With the last leg. This claim far outweighs the claims of legitimate investment platforms and could represent an unsustainable business model.

CBEX is currently facing allegations of operation as a Ponzi scheme. Historically, the Ponzi scheme uses new investors’ funds to lure users, leading to a lagpur in which the old investors pay until they reach critical mass, and the operator disappears with the user’s funds.

This model appears to be a CBEX story that affects users in Kenya and Nigeria. The collapse has added thousands of users to the unfortunate statistics of crypto fraud victims.

South African Crypto News: Wiki Finance Expo arrives in Johannesburg in August

Wiki Finance Expo will be like that held On August 16th, 2025, in Johannesburg, South Africa. Organizers have booked the Sandton Convention Centre for the event, with the aim of hosting the largest Web3 and Fintech events on the continent.

The event expects up to 10,000 attendees and brings together thousands of leaders from Web3, Fintech, AI, payment systems and related departments to share ideas with the network. Famous guests include Tron’s Justin Sun and Social Media Influencer Marionaufal.

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Blockchain and FinTech Summit provide international startup opportunities to enter the growing African market and a platform for local entrepreneurs to showcase their ideas on the international stage.

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Africa’s Cryptography Week after Review: Nigerian crypto companies raised $20 million, and CBEX first appeared in 99 Bitcoin, leaving the exits in Kenya and Nigeria, South Africa.