{"id":41301,"date":"2025-08-09T12:01:50","date_gmt":"2025-08-09T12:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41301"},"modified":"2025-08-09T12:01:50","modified_gmt":"2025-08-09T12:01:50","slug":"africa-crypto-news-week-in-review-ethiopia-crypto-mining-revenue-boom-vifi-labs-acquires-oneramp-algeria-bans-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41301","title":{"rendered":"Africa Crypto News Week in Review: Ethiopia Crypto Mining Revenue Boom, ViFi Labs Acquires OneRamp, Algeria Bans Crypto"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">South African crypto exchange VALR has become the first platform on the continent to offer tokenized American stocks. Two major crypto events are scheduled in South Africa for October and November 2025. In Uganda, ViFi Labs has acquired OneRamp, strengthening its foothold on the continent. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, the <a class=\"cpp-widget-coin cpp-widget-99btc\" href=\"https:\/\/99bitcoins.com\/\" target=\"_blank\" rel=\"nofollow sponsored\" data-symbol=\"btc\" data-name=\"Bitcoin\" data-price=\"117267.000000000000000\" data-change=\"0.59\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\">BTC <span style=\"color: #37a72b;\">\u25b20.59%<\/span><\/a> mining boom in Ethiopia is driving record revenue for the state electricity company. Up north, Algeria has taken the unfortunate stance of banning all <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">crypto-related<\/span><\/a><span data-preserver-spaces=\"true\"> activities.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These, and more stories, make the continental headlines for the week:<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">South Africa Crypto News: Tokenization, Acquisition, And Crypto Conferences<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">South African crypto exchange VALR has <\/span><a class=\"general-link\" href=\"https:\/\/blog.valr.com\/blog\/valr-launches-xstocks-pioneering-tokenised-us-equities-trading-in-south-afric\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">launched<\/span><\/a><span data-preserver-spaces=\"true\"> tokenized U.S. stock trading on its platform, making it the first African exchange to provide users access to U.S. equities markets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Users can now trade xStocks, a representation of U.S stocks on the Solana blockchain.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-sol\" data-coin-symbol=\"sol\" data-price-usd=\"SOL Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/solana-sol-logo-2.svg\" alt=\"sol logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Solana<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">SOL<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$98.30B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68973600f1b5c\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The xStocks token, created by Backed in May, allows VALR users to track their favorite U.S. stocks, such as Tesla and Amazon, with the convenience of crypto trading.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">VALR goes live with xStocks, pioneering tokenized U.S.-listed equities in South Africa and the continent.<a href=\"https:\/\/twitter.com\/hashtag\/ProTradingForEveryone?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#ProTradingForEveryone<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MoneyForTheWorld?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#MoneyForTheWorld<\/a> <a href=\"https:\/\/t.co\/3AvQtBIARQ\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/3AvQtBIARQ<\/a><\/p>\n<p>\u2014 VALR (@VALRdotcom) <a href=\"https:\/\/twitter.com\/VALRdotcom\/status\/1950904894355083640?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 31, 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\">Meanwhile, Peach Payments and Moneybadger have<\/span><a class=\"general-link\" href=\"https:\/\/www.peachpayments.com\/scale\/peach-payments-moneybadger-partnership-goes-live\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\"> partnered<\/span><\/a><span data-preserver-spaces=\"true\">. Peach Payments aims to leverage its first deal with a crypto service provider to offer more choices to its consumers.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Top Solana Meme Coins to Buy in 2025<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Millions of South Africans now own crypto and make payments using virtual assets. Peach Payments aims to attract users interested in using this utility for crypto payment options.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin Events has also <\/span><a class=\"general-link\" href=\"https:\/\/cryptofest.co.za\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">announced<\/span><\/a><span data-preserver-spaces=\"true\"> that Blockchain Africa Conference 2025 and CryptoFest 2025 will occur in South Africa. The Blockchain Africa Conference will be held in Johannesburg on October 30, 2025, while CryptoFest is scheduled for mid-November in Cape Town.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Algeria Crypto News: Sweeping Ban on Crypto<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Algerian government has <\/span><a class=\"general-link\" href=\"https:\/\/www.techinafrica.com\/algeria-enacts-sweeping-crypto-ban-criminalizing-all-digital-asset-activity-under-new-law\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">enacted<\/span><\/a><span data-preserver-spaces=\"true\"> a comprehensive ban on all digital asset activities to protect the national currency.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Algeria has officially banned all crypto-related activities. It is now treated as a financial crime under anti-money laundering and anti-terrorism laws.<\/p>\n<p>Hard to believe that in 2025, some African countries still view crypto as a crime. <a href=\"https:\/\/t.co\/gE9dnLO2yu\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/gE9dnLO2yu<\/a><\/p>\n<p>\u2014 Specter (@SpecterAnalyst) <a href=\"https:\/\/twitter.com\/SpecterAnalyst\/status\/1950852713958293958?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 31, 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 ban, effective July 24, 2025, was announced through a publication. Cited reasons include combating terrorist financing, preventing fraud, and curbing unwarranted speculation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These measures place Algeria at the end of the spectrum, as most countries permit crypto activities within regulated frameworks.<\/span><\/p>\n<p><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">DISCOVER: Top 20 Crypto to Buy in 2025<\/span><\/a><\/p>\n<h2><span data-preserver-spaces=\"true\">Uganda Crypto News: ViFi Labs Acquires OneRamp <\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Decentralized protocol ViFi Labs has <\/span><a class=\"general-link\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7358275202302074880\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">acquired<\/span><\/a><span data-preserver-spaces=\"true\"> Ugandan platform OneRamp, a rising player in local crypto payments. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">ViFi aims to strengthen its foothold in strategic African markets and expand to Latin America.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited to announce we&#8217;ve acquired <a href=\"https:\/\/twitter.com\/0xOneramp?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@0xOneRamp<\/a> ! <\/p>\n<p>The platform makes it easy for people to spend crypto for day-to-day purchases, blurring the gap between the complexity of stablecoins and fintech payments.<\/p>\n<p>Here&#8217;s why  <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f9f5.png\" alt=\"\ud83e\uddf5\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f447-1f3fd.png\" alt=\"\ud83d\udc47\ud83c\udffd\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/a84thDYggu\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/a84thDYggu<\/a><\/p>\n<p>\u2014 ViFi Labs (@ViFi_Labs) <a href=\"https:\/\/twitter.com\/ViFi_Labs\/status\/1952543316027035763?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 5, 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\">OneRamp distinguishes itself by enabling seamless stablecoin integration with mobile money platforms and bank accounts, facilitating easy <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">crypto payments<\/span><\/a><span data-preserver-spaces=\"true\"> for everyday services. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Sub-Saharan Africa has seen impressive mobile money adoption, which could drive broader crypto use. ViFi Labs plans to leverage this growth for its regional expansion efforts.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Ethiopia Crypto News: Bitcoin Mining Powers Energy Revenue Boom<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Bitcoin mining sector in Ethiopia is driving <\/span><a class=\"general-link\" href=\"https:\/\/www.tekedia.com\/ethiopia-reportedly-generated-mindblowing-revenues-from-bitcoin-mining-operations\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">massive revenue<\/span><\/a><span data-preserver-spaces=\"true\"> to the state electricity company. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ethiopia Electric Power reportedly earned an additional $55 million over the past 10 months from mining activities, supporting rural electrification efforts.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"BITCOIN MINING IN ETHIOPIA\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/qOLXuHHIMfM?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\">The surplus hydroelectric power exceeds local industrial demand. Bitcoin mining, often criticized for its energy consumption, provides a ready market for this excess power. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This situation creates a win-win, demonstrating that Bitcoin mining can be sustainable in locations with favorable power dynamics.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">9+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Africa Crypto News: Ethiopia Mining Boom, Algeria Crypto Ban<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Ethiopia crypto news: Bitcoin and crypto mining boom generates record revenue for state electricity provider <\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Uganda crypto news: ViFi Labs acquires OneRamp, enhancing stablecoin integration for mobile money <\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Algeria crypto news: Government enacts sweeping ban on crypto activities, citing fraud and terrorist financing concerns<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">South Africa crypto news: VALR tokenizes U.S. stocks on Solana<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/africa-crypto-news-week-in-review-ethiopia-crypto-mining-revenue-boom-vifi-labs-acquires-oneramp-algeria-bans-crypto\/\">Africa Crypto News Week in Review: Ethiopia Crypto Mining Revenue Boom, ViFi Labs Acquires OneRamp, Algeria Bans Crypto<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>South African crypto exchange VALR has become the first platform on the continent to offer tokenized American stocks. Two major crypto events are scheduled in South Africa for October and November 2025. In Uganda, ViFi Labs has acquired OneRamp, strengthening its foothold on the continent. Meanwhile, the BTC \u25b20.59% mining boom in Ethiopia is driving [&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-41301","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\/41301","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=41301"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41301\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}