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Blockchain Africa Conference 2024: Set to Showcase Latest Developments in African Blockchain and Crypto Innovation

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South Africa – Blockchain Africa Conference 2024 is set to unite blockchain developers, influencers, investors, entrepreneurs, and business leaders from around the world at the CSIR International Convention Centre in Pretoria (Tshwane) on 20 November 2024.

This premier event, marking the 10th edition and organized by Bitcoin Events, will foster collaboration and provide participants with insights into Africa’s dynamic and rapidly evolving blockchain and cryptocurrency ecosystem.

The conference offers a platform for networking, knowledge sharing, and collaboration, bringing together local and international experts to discuss the most significant trends in cryptocurrencies and blockchain technology.

 

Key Highlights of Blockchain Africa Conference 2024:

 

Engaging Keynote Speakers:
  • Charles Hoskinson (Virtual Keynote Speaker) – Founder of Cardano and IOHK. In his session titled “Empowering Africa’s Digital Future,” Hoskinson will share Cardano’s initiatives in Africa, focusing on their traction over the last six years in South Africa, Ethiopia, Kenya and Tanzania, amongst others. Cardano has been instrumental in driving blockchain adoption in these regions through partnerships and projects aimed at improving digital identity, financial inclusion, and education systems. Notably, in Ethiopia, Cardano collaborated with the Ministry of Education to implement a blockchain-based system to track the educational progress of 5 million students. In South Africa, Cardano continues to engage with local developers and stakeholders to support blockchain education and develop sustainable solutions for economic growth. Hoskinson will outline these efforts and discuss future plans for expanding blockchain’s positive impact across the continent.
  • Ernest Mbenkum – Founder and CEO of Interstellar Inc. His keynote, “Pan-African Payment and Settlement System (PAPSS) and the Africa Currency Marketplace,” will delve into how PAPSS is transforming cross-border trade in Africa. By facilitating transactions across 42 African currencies without relying on intermediary currencies like the U.S. dollar, PAPSS significantly reduces transaction costs, potentially saving up to $5 billion annually. Developed in partnership with the African Union, the system already includes 115 commercial banks and 15 central banks, enhancing economic integration and streamlining payments across the continent.
  • Stafford Masie, Ex-CEO of Google Africa and current board member at Discovery Bank, will present on “The Power of Bitcoin: Exploring the Ingenious Mechanism of Proof of Work”. His keynote will highlight how Bitcoin mining in Africa offers unique opportunities for both individuals and organizations.
Panel Sessions Featuring Industry Giants:
  • The Role of Crypto Exchanges in Africa and Beyond: Featuring Chris Maurice (CEO and Co-Founder of Yellow Card), Badi Sudhakaran (Co-Founder and Chief Product Officer of VALR), and Marius Reitz (General Manager for Africa at Luno). This session will delve into the role of crypto exchanges, the adoption of stablecoins, and how they are transforming cross-border payments and remittances in Africa.
  • Digital Assets: Navigating the Regulatory Landscape in South Africa: This panel will include a representative from one of South Africa’s regulatory bodies, Anne Njoroge (Chief Legal Officer at BankservAfrica) and Michail Le Roux (Senior Legal Counsel at Hanekom Attorneys Inc.) who will discuss recent developments like the issuance of CASP licenses and regulatory clarity for stablecoins in South Africa.

Fireside Chat: “OGs Unplugged – Insights from Crypto and Blockchain Trailblazers, 10 Years Later”: In celebration of the 10th edition of the Blockchain Africa Conference, this special fireside chat, will feature early pioneers like Elizabeth Rossiello, CEO of AZA Finance, and Ernest Mbenkum, Founder of Interstellar Inc. and the Bantu Blockchain Foundation. Both Elizabeth and Ernest have been instrumental in the development of Africa’s blockchain landscape, with Elizabeth having spoken at the inaugural conference back in 2015. This session will not only reflect on their decade-long journeys but also explore how the industry has transformed over the years. Attendees can expect an engaging discussion on the evolution of blockchain technology in Africa, the impact of regulatory changes, and insights into future opportunities as we commemorate a decade of innovation and growth in the African crypto and blockchain space.

 

Stablecoins in Africa: Understanding Their Adoption and Impact: Panelists will explore the adoption and use of stablecoins across Africa, emphasizing their role in mitigating currency volatility and offering solutions for cross-border trade. With nearly 70% of African countries facing foreign exchange shortages, stablecoins have emerged as a powerful tool for businesses and institutions to manage liquidity and stabilize their operations.

 

Connecting Cape Town’s Vibrant Web3 Community

Following the main event in Pretoria, the conference will move to Cape Town for a dedicated networking event with the local Web3 community. This exclusive gathering will allow international delegates to connect with Cape Town’s dynamic blockchain innovators, further expanding their networks and deepening their understanding of Africa’s thriving blockchain ecosystem.

 

Tickets Available Here: here.

For more information about Bitcoin Events and other events, visit the website here.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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Cross-border Payments Using Crypto? How Remittix (RTX) Is Transforming Finance With PayFi

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Cross-border Payments Using Crypto? How Remittix (RTX) Is Transforming Finance With PayFi – BitcoinWorld
































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U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23

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U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23

The U.S. spot Bitcoin ETFs faced significant net outflows totaling $226.42 million on December 23, marking the third consecutive day of declines, as per data from Trader T on X. This shift reflects varying investor sentiment during the holiday season amidst ongoing market volatility.


Key Insights Into ETF Activity

Despite the overall outflows, BlackRock’s IBIT stood out with a net inflow of $31.78 million, suggesting continued confidence among investors in the world’s largest asset manager’s Bitcoin fund.

On the other hand, major outflows were recorded across several ETFs:

  • Fidelity’s FBTC: $146 million
  • Grayscale’s GBTC: $38.4 million
  • Bitwise’s BITB: $23.7 million
  • Invesco’s BTCO: $25.6 million
  • ARK Invest’s ARKB: $15.7 million
  • Grayscale’s Mini BTC: $6.2 million
  • VanEck’s HODL: $2.6 million

Other ETFs reported minimal or no significant net flows.


Factors Influencing the Outflows

The net outflows indicate a period of caution among investors, driven by:

  1. Year-End Portfolio Adjustments
    Many investors rebalance their portfolios during the year-end, which could contribute to these withdrawals.
  2. Market Volatility
    Bitcoin has seen significant price fluctuations, raising concerns over near-term risks.
  3. Institutional Strategy Changes
    Institutional investors might be re-evaluating their strategies, leading to temporary shifts in capital.

BlackRock’s Resilience Amid Outflows

While most ETFs faced declines, BlackRock’s IBIT recorded notable inflows. This resilience underscores BlackRock’s growing influence in the cryptocurrency sector and its reputation as a trusted brand among retail and institutional investors alike.


Implications for Bitcoin and ETF Markets

  • The combined outflows emphasize the short-term uncertainty in Bitcoin’s trajectory.
  • However, consistent inflows into select funds like BlackRock’s IBIT suggest that institutional confidence in Bitcoin remains intact.
  • This divergence highlights the importance of ETF management and branding in attracting and retaining investor capital.

Conclusion

The net outflows from U.S. spot Bitcoin ETFs signal cautious investor sentiment but also showcase pockets of resilience, particularly in BlackRock’s IBIT. With the cryptocurrency market navigating a volatile period, ETF flows will remain a critical indicator of market dynamics and institutional confidence in Bitcoin.


To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.


Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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U.S. Spot Ethereum ETFs Record $130.11M in Net Inflows on December 23

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U.S. Spot Ethereum ETFs Record $130.11M in Net Inflows on December 23


Ethereum ETFs See Strong Inflows as Institutional Interest Grows

On December 23, U.S. spot Ethereum ETFs recorded a total net inflow of $130.11 million, underscoring growing institutional interest in Ethereum. The data, sourced from Trader T on X (formerly Twitter), highlighted significant contributions from leading asset management firms.


Top Gainers Among Ethereum ETFs

  1. BlackRock’s ETHA
    • Led the inflow chart with a staggering $88.81 million.
    • Continues to attract significant interest as BlackRock maintains its dominant presence in the ETF space.
  2. Fidelity’s FETH
    • Secured the second spot with $46.4 million in net inflows.
    • Demonstrates Fidelity’s strong positioning in the Ethereum ETF market.
  3. Bitwise’s ETHW
    • Experienced a modest gain of $1 million.

Outflow Trends and Stagnant ETFs

  • Grayscale’s ETH:
    • Recorded a net outflow of $6.1 million, showing some divergence from the broader trend.
  • Other ETFs:
    • Displayed no significant change in inflows or outflows, reflecting stability in investor sentiment for those products.

Key Takeaways from the Inflows

The $130.11 million inflow highlights a growing shift toward Ethereum-focused financial instruments in the institutional market. It follows recent trends where Ethereum-based products have garnered increased interest due to the blockchain’s utility in decentralized finance (DeFi) and smart contract platforms.

With BlackRock and Fidelity leading the charge, it’s evident that major financial players are betting on Ethereum’s long-term potential.


What This Means for Ethereum and Investors

The influx of capital into Ethereum ETFs could bolster Ethereum’s price and enhance its market stability, signaling greater mainstream acceptance of crypto assets. For investors, it indicates confidence from institutional players, often seen as a bellwether for market trends.


To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.


Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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