
{"id":17376,"date":"2024-11-02T11:00:49","date_gmt":"2024-11-02T11:00:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=17376"},"modified":"2024-11-02T11:00:49","modified_gmt":"2024-11-02T11:00:49","slug":"africa-crypto-week-in-review-telegram-driving-crypto-adoption-naira-falling-as-hedera-partners-with-kenyas-nse","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=17376","title":{"rendered":"Africa Crypto Week in Review: Telegram Driving Crypto Adoption, Naira Falling, As Hedera Partners With Kenya\u2019s NSE"},"content":{"rendered":"<p>Africa crypto is growing, and this week in crypto Africa news, a falling naira fuels adoption, Kenya\u2019s crypto growth bolstered by the Hedera partnership.<\/p>\n<p><span>October closed with plenty of activity on the African crypto landscape. <\/span><span>Telegram forums continue to drive crypto adoption as the Naira devalues despite Binance\u2019s exit. Will Kenya\u2019s NSE benefit from Hedera\u2019s integration?<\/span><\/p>\n<p><span>Crypto adoption on the continent is surging, and 99Bitcoins is here to give you the latest round-up of Africa crypto news to kick off your weekend!<\/span><\/p>\n<h2>Africa Crypto News: Telegram Driving Digital Assets Adoption?<\/h2>\n<p><span>Popular messaging app Telegram has\u00a0<\/span><span><span>played a key role in this rise. African Telegram crypto communities have\u00a0<a class=\"general-link\" href=\"https:\/\/dig.watch\/updates\/telegram-communities-boost-crypto-interest-in-africa\" target=\"_blank\" rel=\"noopener\">expanded<\/a> by approximately +189% since 2023. This astounding return is largely due to the continent\u2019s young population, which<\/span>\u00a0is embracing crypto in droves.\u00a0<\/span><\/p>\n<p><span>Telegram is especially great for crypto communities because token promoters can build large channels with few censorship restrictions. This social media is a crucial component of global crypto adoption trends, and <a class=\"general-link\" title=\"Africa Crypto Week in Review: Crypto Tax Compliance Mandatory In South Africa, Stablecoin Uptake Rises in Kenya As Ethiopia Cements Lead As Mining Hub\" href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-week-in-review-crypto-tax-compliance-mandatory-in-south-africa-stablecoin-uptake-rises-in-kenya-as-ethiopia-cements-lead-as-mining-hub\/\" target=\"_blank\" rel=\"noopener\">Africa<\/a> is part of the picture.\u00a0<\/span><\/p>\n<p><span>The currency instability in several African countries and government control of mainstream media has boosted independent channels on Telegram. These communities could shape the continent\u2019s economy in the coming decades.<\/span><\/p>\n<p><strong>DON\u2019T MISS: <a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-altcoins\/\">These Meme Coin Presales Could Be a Game-Change For Your Portfolio<\/a><\/strong><\/p>\n<h2>Nigeria Crypto News: Joe Biden\u2019s Thank You, and Naira\u2019s Drop<\/h2>\n<p><span>A few days into the hotly contested presidential election, Joe Biden, the United States president, <\/span><a class=\"general-link\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/10\/29\/readout-of-president-joe-bidens-call-with-president-bola-tinubu-of-nigeria\/\" target=\"_blank\" rel=\"noopener\"><span>called<\/span><\/a><span> Nigeria\u2019s President Bola Tinubu to express his thanks for the release of Tigran Gambaryan. <\/span><\/p>\n<p><span>The Binance executive, who is also a United States citizen, was detained in Nigeria for over eight months.\u00a0 He was released on humanitarian grounds after his health began to fail. Gambaryan is now back in Atlanta.\u00a0<\/span><\/p>\n<div class=\"ast-oembed-container \"><\/div>\n<p>\u00a0<\/p>\n<p><span>Nigeria blamed Binance, the crypto exchange, for manipulating the price of Naira, forcing the exit to close shop. Even with the exchange out, Naira is devaluing while Bitcoin, a crypto asset that\u2019s increasingly becoming a store of value, is close to all-time highs. <\/span><\/p>\n<p><span>This week, the Naira <\/span><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=NGN\"><span>fell<\/span><\/a><span> to a two-year low versus the USD. Sub-saharan currencies have been hit hard in 2024, tanking as citizens seek alternatives to protect their wealth.<\/span><\/p>\n<p><strong>DISCOVER: <a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-altcoins\/\">The Hottest Altcoins to Buy in November 2024<\/a><\/strong><\/p>\n<h2>Kenya Crypto News: Nairobi Stock Exchange Joins Hedera Council<\/h2>\n<p><span>Hedera is partnering with the Nairobi Stock Exchange (NSE) to boost its tokenization initiatives in the Kenyan market.\u00a0<\/span><\/p>\n<p><span>The NSE has now<\/span><a class=\"general-link\" href=\"https:\/\/hedera.com\/blog\/the-nairobi-securities-exchange-nse-joins-the-hedera-council-to-expedite-tokenization-of-securities-in-kenyas-capital-markets\" target=\"_blank\" rel=\"noopener\"><span> joined<\/span><\/a><span> the 31 other organizations that form the Hedera Council, which oversees the Hedera network. Hedera is keen to grow its transparent and scalable technology and such partnerships are vital for growth.\u00a0<\/span><\/p>\n<div class=\"ast-oembed-container \"><\/div>\n<p>\u00a0<\/p>\n<p><span>The partnership is also vital, given the role the NSE plays in securitization processes in Kenya. Hedera intends to leverage the partnership to facilitate regulatory navigation of the Kenyan market.<\/span><\/p>\n<p><span>Through this deal, the Council will help drive the NSE\u2019s tokenization ambitions while enhancing its performance as it seeks to offer digital asset trading.<\/span><\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-week-in-review-nigeria-releases-binance-executive-kra-targeting-crypto-holders-in-kenya-as-ethiopia-cements-crypto-mining-lead\/\" target=\"_blank\" rel=\"noopener\">Africa Crypto Week in Review \u2013 Nigeria Releases Binance executive, KRA Targeting Crypto Holders In Kenya, As Ethiopia Cements Crypto Mining Lead<\/a><\/strong><\/p>\n<p><a class=\"external\" href=\"https:\/\/discord.gg\/QneEHUjm\" target=\"_blank\" rel=\"noopener\"><strong>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/strong><\/a><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-week-in-review-telegram-driving-crypto-adoption-naira-falling-as-hedera-partners-with-kenyas-nse\/\">Africa Crypto Week in Review: Telegram Driving Crypto Adoption, Naira Falling, As Hedera Partners With Kenya\u2019s NSE<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\"><\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Africa crypto is growing, and this week in crypto Africa news, a falling naira fuels adoption, Kenya\u2019s crypto growth bolstered by the Hedera partnership. October closed with plenty of activity on the African crypto landscape. Telegram forums continue to drive crypto adoption as the Naira devalues despite Binance\u2019s exit. Will Kenya\u2019s NSE benefit from Hedera\u2019s [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":17377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17376"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17376"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/17377"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}