You Can Now Buy and Sell Bitcoin and USDT in Bulk on Paxful, Africa’s Largest P2P Platform

Due to an increasing demand for crypto, Paxful has launched support options to buy and sell in bulk for both Bitcoin (BTC) and Tether (USDT) with a minimum order request of $10, 000 (USD).

According to Paxful, the new buy and sell bulk options allow anyone sourcing large amounts of crypto for their businesses to easily do that via the platform.

See details here: https://bitcoinke.io/2021/02/buy-sell-crypto-bulk-on-paxful/

In a quick move to ensure continued operations, BuyCoins, a popular Nigerian exchange, has moved to fully collaterize the Naira Token (NGNT) stablecoin by USDC, a leading global digital dollar stablecoin.

The move is likely a response to the crypto ban by the Central Bank of Nigeria (CBN) that warned financial institutions and deposit-taking firms from dealing with cryptocurrency exchanges.

See details here: https://bitcoinke.io/2021/02/naira-token-usdc-collateral/

Hey guys!!

🥳🥳Happy New Week!!

We introduce the BitKE Newsletter!!!

This is a highlight of all the news and events from last week in the blockchain and crypto space in Africa

Subscribe to keep up-to-date with the latest news in the industry.

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http://bit.ly/BitKE-Newsletter-Fe7-2020


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Tesla Buys $1.5 Billion in Bitcoin and Plans to Accept it as Payment for Its Cars


Telsa, the world’s most valuable automaker, has disclosed that it has acquired $1.5 billion in bitcoin in an SEC filing.

In addition, the company noted that it may also accept bitcoin as a form of payment in future for its cars.

See details here: https://bitcoinke.io/2021/02/tesla-buys-bitcoin/

[VIDEO BYTES with JANET]

In this video, Janet breaks down the Nigerian Crypto ban:

https://www.youtube.com/watch?v=T6V6N7EeWPE

Mexico’s third-richest man with an $13.2b net worth has just put Bitcoin in his Twitter bio

We are Building a Mobile-First P2P Platform and Integrating Alternative Payment Channels, Says CEO, Bundle Africa

Bundle Africa, one of the fastest growing crypto apps in Africa, has said that it is working on its P2P platform and adding alternative channels to fund and withdraw from cash wallets following the recent crypto restrictions by the Central Bank of Nigeria (CBN).

In an email to users, the company said it is already working with partners to integrate alternatives while also expanding to support more users globally beyond Nigeria and Ghana.

https://bitcoinke.io/2021/02/bundle-africa-p2p-platform/

Tesla Invests 7.7% of Gross Cash Holdings into Bitcoin

Tesla, the 7th largest company in the world by marketcap, has invested $1.5 billion or 7.7% of its gross cash holdings, into bitcoin.

In addition to this, the company has expressed interest in accepting bitcoin for car purchases in the future which will continue to be added onto its balance sheet, according to its latest SEC filing report.

Here is what CEO of MicroStrategy, the only other corporate company to have purchased more bitcoin as part of its reserves than Tesla, had to say about this move:

https://bitcoinke.io/2021/02/tesla-invests-in-bitcoin/

South African Financial Regulator, FSCA, Puts Out a Crypto Health Warning

The Financial Sector Control Authority (FSCA) of South Africa has put out a cautionary press release on crypto-related investments following a number of complaints on loss of savings in digital assets.

The press release says a number of South African investors have invested in crypto assets they did not understand, or scams packaged as crypto investments promising unrealistic high returns.

In light of this, the FSCA has put out the following alerts to the public: https://bitcoinke.io/2021/02/fsca-crypto-health-warning/

Lewis is a crypto vendor based in Nairobi, Kenya

We will be hosting him this Saturday(13.2/2021) to talk about crypto vending and his journey so far

Lewis is one of the many young people in Kenya who are finding new opportunities in the crypto space by innovatively transitioning into the new crypto trading economy.

Sign up 👇🏾 to attend and learn.
https://bit.ly/BitKECatapult-41

[VIDEO Bytes with JANET]

- BuyCoins Africa response to the CBN crypto ban

- Bundle Africa response to the CBN crypto ban


[WATCH] https://www.youtube.com/watch?v=L5GANXAzXG8

South African Financial Regulators Launch Project Khokha 2 to Issue, Clear, and Settle Tokenized Debentures

The Intergovernmental Fintech Working Group (IFWG) has launched Project Khokha 2 to explore the policy and regulatory implications of tokenization in the financial markets.

According to IFWG, an innovation hub that brings together key South African financial sector regulators, Project Khokha 2 will issue, clear, and settle debentures on distributed ledger technology using tokenized money in a minimum viable product (MVP) to inform policy and regulatory reflections.

https://bitcoinke.io/2021/02/project-khokha-2-launches/

Nigerian Senate Summons the Central Bank of Nigeria Governor to Clarify on the Crypto Policy and Ban

Following a crypto restriction by the Central Bank of Nigeria (CBN) to all banks and deposit-taking institutions in the country, the Nigerian Senate has summoned the CBN Governor to clarify on the advantages and disadvantages of cryptocurrencies.

This summon comes on the heels and effort of various blockchain and crypto stakeholders in Nigeria who have gone far and beyond to educate regulators and the general public on crypto and blockchain against the background of the CBN’s unfriendly crypto policy and ban.

https://bitcoinke.io/2021/02/nigerian-senate-summons-cbn-governor/

SEC Nigeria Suspends Persons & Products Affected by the Crypto Ban Until they Can Operate Bank Accounts in Nigeria

The Securities and Exchange Commission of Nigeria (SEC Nigeria) has put on hold all persons and products from admittance into the SEC Regulatory Incubation Framework until they are able to operae bank accounts within the Nigerian banking system.

According to the press release, this decision has been informed by inquiries and comments that seem to imply there is perceived policy conflict between the SEC and the Central Bank of Nigeria (CBN).

See details here: https://bitcoinke.io/2021/02/sec-press-release-on-cryptocurrencies/

Lewis is a crypto vendor based in Nairobi, Kenya

We will be hosting him, together with Betty of Betty's Place, a restaurant that accepts Bitcoin for payment, this Saturday(13.2/2021) to talk about crypto vending and his journey so far

Lewis is one of the many young people in Kenya who are finding new opportunities in the crypto space by innovatively transitioning into the new crypto trading economy.

Sign up 👇🏾 to attend and learn:
https://bit.ly/BitKECatapult-41

Ja-Z and Twitter CEO Set Up a 500 Bitcoins Endowment Fund (₿trust) Focused on Africa and India

Twitter CEO, Jack Dorsey, and rapper, Jay-Z, are giving 500 bitcoins to a new endowment fund, dubbed ₿trust, to fund Bitcoin development, initially focused on teams in Africa and India.

The fund is currently in search of 3 board members that will run the trust independently.

According to Jack, the fund will be set up as a blind irrevocable trust, taking zero direction from him and Jay-Z.

See details here: https://bitcoinke.io/2021/02/b-trust-fund/

South Africa’s Mirror Trading International (MTI) Was By Far 2020’s Biggest Scam Globally, Says Chainalysis 2021 Crypto Crime Report

The leading blockchain analysis firm, Chainalysis, has released its 2021 crypto crime report which indicates that Mirror Trading International (MTI) was by far 2020’s biggest scam.

Taking in over $589 million worth of cryptocurrency, MTI stands out from the rest. The second largest scam after MTI stood at about $300 million with less than 100, 000 transactions.

https://bitcoinke.io/2021/02/chainalysis-crypto-crime-report-2021/

[WATCH] Binance Adds the Express Mode to Buy and Sell Crypto with Nigerian Naira Instantly

In an effort to further facilitate and enable crypto traders and investors easy access to crypto amid the ongoing crypto restriction in Nigeria, Binance P2P has added the Express Mode for buying and selling crypto with Nigerian Naira (NGN).

The Binance P2P Express Mode enables users to directly place an order by entering the fiat or crypto amount and the preferred payment method. The orders are matched based on the best crypto price available in the P2p markets.

Watch this demo video to see how it works: https://bitcoinke.io/2021/02/binance-p2p-express-mode/