Africa

Crypto continues to garner a lot of interest in South Africa (S.A), particularly taking into account the recent news of government corruption and land expropriation. Citizens are comprehensively worried about the future of the country's economy and are searching for alternative means to store wealth.

The government of Ghana in partnership with IBM are working hand in hand to develop blockchain technology capabilities to be used for land administration.

Akon, a successful African music producer plans to build a huge city in Senegal based on a cryptocurrency that looks to be the saviour of Africa and the world at large. Akon, whose real name is "Aliaume Thiam" was born in Missouri and currently lives in the United States though he spent a lot of his childhood moment in Senegal.

The African continent will provide a fertile ground for blockchain innovation in the future as the technology has been spreading like wildfire with many countries embracing it. Blockchain can progress with unusual rapidity economic empowerment,  mitigate fraud, offer safe protocols for entrepreneurs  and transform logistics operations.

A new cyber threat on the block that is more slippery than anything we have observed before  has emerged and that's why it's currently the malware of choice for hackers all over the African continent.

The Central Bank of South Africa disclosed flabbergasting outcomes on Tuesday for a particular trial of its blockchain-based system for interbank clearance and settlement.

President Yoweri Kaguta Museveni welcomed the use of Blockchain Technology with the aim of boosting the economy in Uganda and the whole of the African continent.

Welcome back to the Coin Idol TV News channel. Digest on April 9 features the following topics from the world of Blockchain and cryptocurrency: South Africa to tax any activity related to cryptocurrencies, such as bitcoin, Wall Street getting into cryptocurrency makes BTC price go up.

The South African Revenue Service (SARS) announced in a statement on Friday, April 6, the new tax treatment of digital currencies, obligating citizens to declare any income from trading as well as mining. Disobedience will cost interest and penalties.