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    Home»Bitcoin News»Africa Crypto News Week in Review: Ethiopia Crypto Mining Revenue Boom, ViFi Labs Acquires OneRamp, Algeria Bans Crypto
    Bitcoin News

    Africa Crypto News Week in Review: Ethiopia Crypto Mining Revenue Boom, ViFi Labs Acquires OneRamp, Algeria Bans Crypto

    CryptoGateBy CryptoGateAugust 9, 2025No Comments4 Mins Read
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    South African crypto change VALR has turn into the primary platform on the continent to supply tokenized American shares. Two main crypto occasions are scheduled in South Africa for October and November 2025. In Uganda, ViFi Labs has acquired OneRamp, strengthening its foothold on the continent.

    In the meantime, the BTC ▲0.36% mining growth in Ethiopia is driving file income for the state electrical energy firm. Up north, Algeria has taken the unlucky stance of banning all crypto-related actions.

    These, and extra tales, make the continental headlines for the week:

    South Africa Crypto Information: Tokenization, Acquisition, And Crypto Conferences

    South African crypto change VALR has launched tokenized U.S. inventory buying and selling on its platform, making it the primary African change to offer customers entry to U.S. equities markets.

    Customers can now commerce xStocks, a illustration of U.S shares on the Solana blockchain.

    sol logo
    Solana
    Worth
    Market Cap
    SOL
    $97.77B
    24h7d30d1yAll time

    The xStocks token, created by Backed in Might, permits VALR customers to trace their favourite U.S. shares, corresponding to Tesla and Amazon, with the comfort of crypto buying and selling.

    VALR goes reside with xStocks, pioneering tokenized U.S.-listed equities in South Africa and the continent.#ProTradingForEveryone #MoneyForTheWorld pic.twitter.com/3AvQtBIARQ

    — VALR (@VALRdotcom) July 31, 2025

    In the meantime, Peach Funds and Moneybadger have partnered. Peach Funds goals to leverage its first take care of a crypto service supplier to supply extra selections to its customers.

    DISCOVER: Top Solana Meme Coins to Buy in 2025

    Tens of millions of South Africans now personal crypto and make funds utilizing digital property. Peach Funds goals to draw customers excited by utilizing this utility for crypto fee choices.

    Bitcoin Occasions has additionally announced that Blockchain Africa Convention 2025 and CryptoFest 2025 will happen in South Africa. The Blockchain Africa Convention might be held in Johannesburg on October 30, 2025, whereas CryptoFest is scheduled for mid-November in Cape City.

    Algeria Crypto Information: Sweeping Ban on Crypto

    The Algerian authorities has enacted a complete ban on all digital asset actions to guard the nationwide foreign money.

    Algeria has formally banned all crypto-related actions. It’s now handled as a monetary crime beneath anti-money laundering and anti-terrorism legal guidelines.

    Onerous to consider that in 2025, some African international locations nonetheless view crypto as against the law. pic.twitter.com/gE9dnLO2yu

    — Specter (@SpecterAnalyst) July 31, 2025

    The ban, efficient July 24, 2025, was introduced by a publication. Cited causes embody combating terrorist financing, stopping fraud, and curbing unwarranted hypothesis.

    These measures place Algeria on the finish of the spectrum, as most international locations allow crypto actions inside regulated frameworks.

    DISCOVER: Top 20 Crypto to Buy in 2025

    Uganda Crypto Information: ViFi Labs Acquires OneRamp

    Decentralized protocol ViFi Labs has acquired Ugandan platform OneRamp, a rising participant in native crypto funds.

    ViFi goals to strengthen its foothold in strategic African markets and increase to Latin America.

    We're excited to announce we've acquired @0xOneRamp !

    The platform makes it straightforward for individuals to spend crypto for day-to-day purchases, blurring the hole between the complexity of stablecoins and fintech funds.

    Right here's why 🧵👇🏽 pic.twitter.com/a84thDYggu

    — ViFi Labs (@ViFi_Labs) August 5, 2025

    OneRamp distinguishes itself by enabling seamless stablecoin integration with cellular cash platforms and financial institution accounts, facilitating straightforward crypto payments for on a regular basis providers.

    Sub-Saharan Africa has seen spectacular cellular cash adoption, which might drive broader crypto use. ViFi Labs plans to leverage this development for its regional growth efforts.

    DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

    Ethiopia Crypto Information: Bitcoin Mining Powers Vitality Income Growth

    The Bitcoin mining sector in Ethiopia is driving massive revenue to the state electrical energy firm.

    Ethiopia Electrical Energy reportedly earned a further $55 million over the previous 10 months from mining actions, supporting rural electrification efforts.

    The excess hydroelectric energy exceeds native industrial demand. Bitcoin mining, usually criticized for its power consumption, gives a prepared marketplace for this extra energy.

    This example creates a win-win, demonstrating that Bitcoin mining may be sustainable in places with favorable energy dynamics.

    DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025

    Africa Crypto Information: Ethiopia Mining Growth, Algeria Crypto Ban

    • Ethiopia crypto information: Bitcoin and crypto mining growth generates file income for state electrical energy supplier
    • Uganda crypto information: ViFi Labs acquires OneRamp, enhancing stablecoin integration for cellular cash
    • Algeria crypto information: Authorities enacts sweeping ban on crypto actions, citing fraud and terrorist financing considerations 
    • South Africa crypto information: VALR tokenizes U.S. shares on Solana 

    The submit Africa Crypto News Week in Review: Ethiopia Crypto Mining Revenue Boom, ViFi Labs Acquires OneRamp, Algeria Bans Crypto appeared first on 99Bitcoins.





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