Top Africa Crypto News presents Onafriq who adopts the USDC while Nigeria hunts Cbex’s scammers. In Ethiopia, Phoenix Group is expanding its Bitcoin mining operations.
The last week of April brought several cryptocurrency stories from Africa. The ONAFRIQ African payment service provider is taking advantage of usdc to improve cross -border settlements. In the meantime, Nigeria is pursuing eight people, including four kenioti, on the collapse of the cbex. In Ethiopia, the Phoenix group based in the United Arab Emirates has allocated additional resources to its mining Bitcoin operations.
We explore these titles on the continent this week:
Africa Crypto News: Onafriq collaborates with Circle for Continental Payments
The payment infrastructure supplier based in South Africa Onafriq is collaboration With the USDC Circle broadcaster to simplify cross -border payments throughout Africa. Its network extends over 40 countries, connecting millions of users who, in turn, have authorized to participate in some of the Presie me hotter in 2025.
This partnership introduces cross -border settlements in USDC, a Stablecoin that combines the efficiency of a digital international payment system with the stability of the worldwide reserve currency.
African countries often deal with payment systems and fragmented currencies, leading to international bureaucratic settlements.
This blockchain -based solution offers institutions and individuals a faster and cheaper option. Stablecoins are a milestone of the modern crypt trading, mixing the convenience of digital currencies with the relative stability of national currencies.
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Nigeria Crypto News: Nigeria targeted eight people compared to the collapse of CBEX
The recent collapse of the exchange of African cryptocurrencies CBEX continues to make news while the investigations deepen.
The Commission for the economic and financial crimes of Nigeria has launched A manhunt for eight suspicions, four Nigerians and four kenioti, is believed to be behind the failure of the exchange.
The cbex seems to have been a fraudulent operation, with its extravagant promises that far exceed the yields of the standard financial markets.
The fraudulent scams and platforms remain a great challenge in the cryptocurrency space. Crypto enthusiasts, in particular those who hold some of The best cryptovans to buyHe must check their platforms and remain cautious of offers that seem too beautiful to be true.
Ethiopia Crypto News: Phoenix Group expands Bitcoin Mining Investments
The mining company based in the United Arab Emirates Phoenix has added 50 MW to his Bitcoin Mining operations in Ethiopia, increasing his total allocation of power to 130 MW. This expansion consolidates its position as an international bitcoin miner leader.
New milestone reached!
The Phoenix group adds 52 MW of Bitcoin extraction capacity in Ethiopia, bringing the total of the country to 132 MW and our global capacity A 500+ MW in 5 countries.
Powered 90% by clean hydroelectric energy, allowing a scalable and sustainable mining.تم تحقيق إنجاز جديد! … pic.twitter.com/re7ss6k9rf
– Phoenix group (@phoenixgroupuae) April 29, 2025
The abundant hydroelectric power in Ethiopia allows the Phoenix group to access energy at affordable and ecological prices. In particular, the company aims to classify among the top ten global cryptocurrency companies and this investment underlines its commitment to this objective. With multiple miners, the hash Bitcoin rate is almost all time at the top.
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Bitcoin’s extraction in African countries such as Ethiopia and Zambia, which offer large renewable energy, has a practicable opportunity. These factors allow great miners to explore emerging markets and create mutually advantageous investments throughout the continent.
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Africa Cryptto News: Onafriq adopts usdc as Nigeria Manhunts Cbex Scammers
- ONAFRIQ, a supplier of infrastructure in South Africa, is collaborating with Cicle to increase the adoption of the USDC.
- Nigeria is after eight suspicions, including four Kenioti, after the collapse of Cbex
- The Phoenix group is adding 50 MW while doubled on Bitcoin Mining
The week of Post Africa encryption in revision: Onafriq touches usdc, Nigeria after 8 suspicions following the collapse of CBEX, Phoenix Group expands the Bitcoin mining operations in Ethiopia appeared for the first time on 99bitcoin.