{"id":25001,"date":"2025-05-03T09:36:58","date_gmt":"2025-05-03T09:36:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25001"},"modified":"2025-05-03T09:36:58","modified_gmt":"2025-05-03T09:36:58","slug":"africa-crypto-week-in-review-onafriq-taps-usdc-nigeria-after-8-suspects-following-cbex-collapse-phoenix-group-expands-bitcoin-mining-operations-in-ethiopia","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25001","title":{"rendered":"Africa Crypto Week in Review:\u00a0 Onafriq Taps USDC, Nigeria After 8 Suspects Following CBEX Collapse, Phoenix Group Expands Bitcoin Mining Operations In Ethiopia"},"content":{"rendered":"<div>\n<p><em>Top Africa crypto news features Onafriq adopting USDC as Nigeria hunts CBEX scammers. In Ethiopia, Phoenix Group is expanding its Bitcoin mining operations.<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">The last week of April brought several notable crypto stories from Africa. African payment service provider Onafriq is leveraging USDC to enhance cross-border settlements. Meanwhile, Nigeria is pursuing eight individuals, including four Kenyans, over the CBEX collapse. In Ethiopia, UAE-based Phoenix Group has allocated additional resources to its Bitcoin mining operations.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Let\u2019s explore these headlines from the continent this week:<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Africa Crypto News: Onafriq Partners with Circle for Continental Payments<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">South Africa-based payment infrastructure provider Onafriq is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/onafriq.com\/press\/article\/onafriq-partners-with-circle-to-power-remittances\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">partnering<\/span><\/a><span data-preserver-spaces=\"true\"> with USDC issuer Circle to streamline cross-border payments across Africa. Its network spans 40 countries, connecting millions of users who are, in turn, empowered to participate in some of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">hottest presales in 2025<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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 world\u2019s de facto reserve currency. <\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"How to Transform Financial Access in Africa with Onafriq's Real-Time Payments | Meridian 2024\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/cFeKN0yOt8M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">African countries often face fragmented payment systems and currencies, leading to bureaucratic international settlements.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This blockchain-based solution offers institutions and individuals a faster and more cost-effective option. Stablecoins are a cornerstone of modern crypto trading, blending the convenience of digital currencies with the relative stability of national currencies.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\">Best Meme Coin ICOs to Invest in\u00a0 Today<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Nigeria Crypto News: Nigeria Targets Eight Individuals Over CBEX Collapse<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The recent collapse of the African crypto exchange CBEX continues to make headlines as investigations deepen. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Economic and Financial Crimes Commission of Nigeria has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.businessdailyafrica.com\/bd\/corporate\/technology\/nigeria-pursues-four-kenyans-over-hacked-cbex-crypto-trade-platform-5021332\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">launched<\/span><\/a><span data-preserver-spaces=\"true\"> a manhunt for eight suspects, four Nigerians and four Kenyans, believed to be behind the exchange\u2019s failure.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"CBEX Crash: Investors Lose More Than N1.3trn To Ponzi Scheme\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/cW-DYt-lIuw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">CBEX appears to have been a fraudulent operation, with its extravagant promises far exceeding standard financial market returns. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Scams and fraudulent platforms remain a big challenge in the crypto space. Crypto enthusiasts, especially those who hold some of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\">, must verify their platforms and stay cautious of offers that seem too good to be true.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ethiopia Crypto News: Phoenix Group Expands Bitcoin Mining Investment<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">UAE-based mining company Phoenix Group has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/africanreview.com\/energy\/phoenix-adds-52-mw-to-boost-ethiopia-bitcoin-mining\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">added<\/span><\/a><span data-preserver-spaces=\"true\"> 50 MW to its Bitcoin mining operations in Ethiopia, increasing its total power allocation to 130 MW. This expansion solidifies its position as a leading international Bitcoin miner.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New Milestone Achieved!<br \/>Phoenix Group adds 52MW of Bitcoin mining capacity in Ethiopia, bringing the country\u2019s total to 132MW and our global capacity to 500+ MW across 5 countries.<br \/>Powered 90% by clean hydropower, enabling scalable and sustainable mining.<\/p>\n<p>\u062a\u0645 \u062a\u062d\u0642\u064a\u0642 \u0625\u0646\u062c\u0627\u0632 \u062c\u062f\u064a\u062f!\u2026 <a href=\"https:\/\/t.co\/RE7Ss6K9rf\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/RE7Ss6K9rf<\/a><\/p>\n<p>\u2014 Phoenix Group (@phoenixgroupuae) <a href=\"https:\/\/twitter.com\/phoenixgroupuae\/status\/1917142871528059306?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The abundant hydroelectric power in Ethiopia allows Phoenix Group to access affordable, environmentally sustainable energy. Notably, the company aims to rank among the top ten global crypto-mining firms, and this investment underscores its commitment to that goal. With more miners, the Bitcoin hash rate is at near all-time highs.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-233901 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561.png\" alt=\"Top Africa crypto news features Onafriq adopting USDC as Nigeria hunts CBEX scammers. In Ethiopia, Phoenix Group is expanding\" width=\"1404\" height=\"719\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561.png 1404w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561-300x154.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561-1024x524.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561-768x393.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561-50x26.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561-308x158.png 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-02T101821.561-350x179.png 350w\" sizes=\"(max-width: 1404px) 100vw, 1404px\"><\/p>\n<p>\u00a0<\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/www.blockchain.com\/explorer\/charts\/hash-rate\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin mining in African countries like Ethiopia and Zambia, which offer ample renewable energy, presents a viable opportunity. These factors enable large miners to explore emerging markets and create mutually beneficial investments across the continent.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">16 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions &amp; Analysis<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Africa Crypto News: Onafriq Adopts USDC As Nigeria Manhunts CBEX Scammers<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Onafriq, an infrastructure provider in South Africa, is partnering with Cicle to boost USDC adoption.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Nigeria is after eight suspects, including four Kenyans, after the collapse of CBEX<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Phoenix Group is adding 50MW as they double down on Bitcoin mining<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-week-in-review-onafriq-taps-usdc-nigeria-after-8-suspects-following-cbex-collapse-phoenix-group-expands-bitcoin-mining-operations-in-ethiopia\/\">Africa Crypto Week in Review:\u00a0 Onafriq Taps USDC, Nigeria After 8 Suspects Following CBEX Collapse, Phoenix Group Expands Bitcoin Mining Operations In Ethiopia<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Top Africa crypto news features Onafriq adopting USDC as Nigeria hunts CBEX scammers. In Ethiopia, Phoenix Group is expanding its Bitcoin mining operations. The last week of April brought several notable crypto stories from Africa. African payment service provider Onafriq is leveraging USDC to enhance cross-border settlements. Meanwhile, Nigeria is pursuing eight individuals, including four [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25001","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25001"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25001\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}