Blockchain 

Mob Burns Down Purported Crypto Ponzi Schemer’s House in South Africa

An angry mob in Ladysmith, South Africa has reportedly torched the residence of Sphelele Mbatha, known as Sgumza, a manager of alleged crypto Ponzi scheme Bitcoin Wallet. The mob was likely a collection of victims who lost money through Bitcoin Wallet, according to the report by Ladysmith Gazette on July 10.  The local police have been investigating an unnamed Ponzi Scheme in Ladysmith, as reported by IOL. According to the report, however, Bitcoin Wallet minimally appears to have made get-rich-quick promises to prospective investors.  An unnamed community member reportedly told…

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Bitcoin 

Young Africa Looks to Crypto for Payment

Data from Google Trends shows that Lagos, Nigeria ranks as the number one city based on the volume of online searches for Bitcoin (BTC). While this data may indicate a high level of interest among the city’s approximately 21 million people, it has yet to equate to tangible adoption of the emerging trend of technology. But that is changing, as a growing movement among young people frustrated with existing payment systems looks for alternatives. Bitcoin as a dollar substitute For the most part, “Lagosians” who are aware of the existence…

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Bitcoin 

‘Volume of Transactions in Africa Has Risen 130 percent in 2018’

A site enabling consumers to buy Bitcoin using hundreds of different payment methods says demand is thriving despite declining cryptocurrency prices — with Africa being its biggest market. Paxful says the volume of transactions it has processed from the continent has risen by more than 130 percent — and now, an average of 17,351 trades per day are being made by its users in Africa. As well as enabling consumers to buy crypto using debit cards and platforms such as PayPal, the company has carved a niche in the market…

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Bitcoin 

Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam

South Africa’s national cricket organization briefly fell victim to scammers on Twitter and began offering a fake Bitcoin (BTC) lottery, Indian daily news outlet Indian Express reported on Jan. 14. Cricket South Africa (CSA), which has over 1 million followers, tweeted its alleged participation in the scheme in the early morning. Staff claimed the organization had begun a partnership with Luno, a United Kingdom-based cryptocurrency wallet, through which users could win a prize worth 20 BTC ($70,900). The now-deleted tweet included a Bitcoin address to which those wishing to be…

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Blockchain 

UN Partnership to Roll Out Blockchain-Based Telemedicine, Telepsychology in East Africa

The United Nations Office on Drugs and Crime (UNODC) will reportedly partner with blockchain-based telemedicine and telepsychology firm doc.com to expand free basic healthcare services across Eastern Africa. News of the partnership was shared with Cointelegraph in an email on Dec. 26. In an officially sealed letter signed on Dec. 20 by Amado Philip de Andres, Regional Representative for UNODC’s Regional Office for Eastern Africa (ROEA), de Andres wrote that the organization is “willing to cooperate […] in a new partnership.” Doc.com is a tech firm that offers blockchain-based 24/7…

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