Africa’s Crypto Landscape Evolves: Kenya’s Regulatory Push, Nigeria’s Binance Tax Battle, and Bitcoin’s African Footprint
This week in African cryptocurrency developments, Kenya moves closer to crypto regulation with a new bill, Nigeria delays its high-stakes Binance tax lawsuit, and Cameroon becomes the latest hub for Bitcoin adoption. As the continent aligns with global regulatory trends, these events signal a pivotal moment for digital assets in Africa.
Africa Crypto Week in Review: Kenya’s Crypto Bill, Nigeria Postpones Binance Suit, Bitcoin Africa Conference in Cameroon
Kenya’s new virtual assets bill is before Parliament seeking to regulate crypto. Nigeria postponed the Binance tax lawsuit until the end of April, claiming $2 billion in unpaid taxes. Meanwhile, Cameroon hosts the Bitcoin Africa Conference. The African regulatory landscape is aligning with international trends, with Kenya considering a bill weeks after Nigeria passed new securities legislation accommodating crypto.
Bitcoin Holders Were Right Again as Economic Data Cracks Emerge
Bitcoin holders were early in spotting flaws in U.S. economic data. Crypto entrepreneur Anthony Pompliano claimed that Bitcoiners were the first large-scale group to recognize the economic data was wrong and acted accordingly. Skepticism grows around official economic stats, with even Treasury Secretary Scott Bessent admitting he doesn’t trust government data. Bitcoin shows strength amid macro uncertainty, holding above $82K while equities stumble due to tariff fears.
Bitcoin Whales Are Staying On Board; Potential for 2025 Bull Run?
After a 30% correction, Bitcoin has stabilized around $84,500. The rebound was aided by President Trump’s announcement of tariff suspensions. Large Bitcoin holders, known as ’whales’, have not liquidated their holdings during this correction, unlike previous cycles. On-chain data indicates accumulation behavior similar to the consolidation phase of August-September 2023, a period that preceded a significant price increase. Historically, whale movements have been a reliable indicator of future trends.
Bitcoin Casino Myths Busted: What They Don’t Want You to Know
The Bitcoin Casino market is becoming better than traditional gambling markets due to better transparency and fairer payouts. This article busts myths about crypto casinos, breaks down how crypto gambling works, and showcases some of the best platforms. One myth is that Bitcoin Casinos are rigged, but in reality, they offer the same odds as traditional casinos.
Bitcoin Nears Breakout Confirmation, Enters New Technical Uptrend
Bitcoin appears ready for a technical breakout from its multi-month downtrend after surging from its weekly low of $74,773 to below $84,000 on Sunday. Crypto analyst Rekt Capital tweeted that Bitcoin (BTC) is ’mere hours away from performing the initial but crucial steps towards fully confirming a breakout beyond the multi-month downtrend.’ The analyst further emphasized that a successful break from the technical downtrend would establish a new uptrend phase for BTC.
