Africa Crypto News Week in Review: ABSA and Ripple Join Hands, Central Bank of Ghana Crypto Regulations; Blockchain.com Seeks License in Nigeria

99BitcoinsSunday, October 19, 2025 at 9:00:35 AM
Africa Crypto News Week in Review: ABSA and Ripple Join Hands, Central Bank of Ghana Crypto Regulations; Blockchain.com Seeks License in Nigeria
This week, ABSA Bank, one of Africa's largest banks, announced a partnership with Ripple to offer custodial services on its blockchain, marking a significant step in the adoption of cryptocurrency by mainstream financial institutions. Additionally, the Central Bank of Ghana is set to introduce crypto regulations by December, aligning the country with other major players in the continent's financial landscape. These developments highlight the growing acceptance of digital currencies in Africa, which could lead to increased investment and innovation in the region.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Ripple CTO Clears Out Possible Manipulation Rumors Surrounding The UNL On The XRP Ledger
PositiveCryptocurrency
Ripple's CTO, David Schwartz, has addressed concerns regarding potential manipulation of the XRP Ledger, specifically about the control of Unique Node Lists (UNLs). By clarifying that users have options and that Ripple does not exert undue influence, Schwartz aims to reassure the community about the integrity of the XRPL. This is significant as it helps maintain trust in the platform, which is crucial for its adoption and growth in the competitive crypto market.
XRP at Core of Ripple’s Massive $1B Treasury Plan for Institutional Expansion: Report
PositiveCryptocurrency
Ripple is making headlines with its ambitious $1 billion treasury plan aimed at expanding its institutional presence, with XRP at the center of this strategy. This move is significant as it highlights Ripple's commitment to growing its influence in the cryptocurrency market and attracting institutional investors, which could lead to increased adoption and stability for XRP. As the crypto landscape evolves, such initiatives are crucial for fostering trust and encouraging broader participation in digital assets.
Ripple Legal Chief Fires Back at NYT With Blistering Crypto Defense
PositiveCryptocurrency
Ripple's legal chief has strongly defended the cryptocurrency industry against recent criticisms from the New York Times, emphasizing the importance of accurate reporting in shaping public perception. This response is significant as it highlights the ongoing battle for legitimacy in the crypto space, where misinformation can impact investor confidence and regulatory approaches.
Rumors Circulate That Ripple Is Buying $1 Billion Worth Of XRP — Here’s What We Know
PositiveCryptocurrency
Ripple is making headlines with plans to raise up to $1 billion to establish an XRP treasury firm, which could significantly impact the cryptocurrency market. As the largest holder of XRP, this move not only showcases Ripple's confidence in the asset but also aims to strengthen its position in the industry. This development is crucial as it may enhance liquidity and stability for XRP, attracting more investors and potentially boosting its value.
Ripple Aims to Unlock Trillions Trapped in $120T Treasury Market
PositiveCryptocurrency
Ripple is making strides to unlock trillions of dollars currently trapped in the $120 trillion treasury market. This initiative is significant as it could revolutionize how corporations manage their cash reserves, potentially leading to greater liquidity and efficiency in financial markets. By leveraging blockchain technology, Ripple aims to provide innovative solutions that could reshape the landscape of corporate finance, making it easier for businesses to access and utilize their funds.
Ripple CLO Rejects the Narrative That Crypto Is Just a Tool for 'Crime and Corruption'
PositiveCryptocurrency
Ripple's Chief Legal Officer, Stuart Alderoty, has pushed back against the negative portrayal of cryptocurrency as merely a tool for crime and corruption, as suggested by two recent articles in the New York Times. This is significant because it highlights the ongoing debate about the role of crypto in society and its potential for positive impact, countering the narrative that often overshadows its benefits.
A New XRP Era? Crypto Educator Sees Path To $1,000
PositiveCryptocurrency
Ripple's recent $1 billion acquisition of a treasury management firm is stirring excitement in the crypto community, with some educators predicting that XRP could soar to $1,000 or more. This move into corporate treasury services not only strengthens Ripple's market position but also signals a growing acceptance of cryptocurrencies in traditional finance. As the market reacts to these developments, investors are keenly watching how this could reshape the future of XRP and the broader crypto landscape.
Ripple’s $1B buy-back plan fails to lift price: Can XRP still rebound?
NeutralCryptocurrency
Ripple's recent $1 billion buy-back plan has not succeeded in boosting the price of XRP, leaving investors wondering about its future. Despite this setback, XRP is currently holding above $2, which keeps its hopes alive for a potential retest of $3 in the coming weeks. The cryptocurrency market remains volatile, and XRP's ability to reach a record high target of around $7.75 is still a topic of interest among traders and analysts. Understanding these dynamics is crucial for anyone involved in cryptocurrency investments.
Latest from Cryptocurrency
Dogecoin Price Moves: Can It Repeat The 36,000% Rally ‘Anomaly’ From Last Cycle?
PositiveCryptocurrency
Crypto analysts are buzzing about Dogecoin's potential to replicate its astonishing 36,000% rally from the last cycle. Cantonese Cat has pointed out key differences in the current price action compared to previous trends, while Ghost remains optimistic, suggesting that Dogecoin could soar to $1. This matters because it highlights the ongoing interest in meme coins and their unpredictable nature, which could attract both seasoned investors and newcomers looking for the next big opportunity.
S&P 500 and Gold Can Now Be Traded in Bitcoin Terms
PositiveCryptocurrency
Roxom has made a significant move in the trading world by launching the first-ever Bitcoin-denominated perpetual futures, allowing traders to engage with the S&P 500 and gold in Bitcoin terms. This innovation is important as it opens up new avenues for cryptocurrency investors, enabling them to diversify their portfolios and hedge against market fluctuations using Bitcoin as a reference point. It reflects the growing acceptance of Bitcoin in traditional finance and could attract more traders to the crypto space.
Hackers steal $3.05m XRP from cold wallet, ZachXBT traces funds
NegativeCryptocurrency
In a troubling incident, hackers have stolen $3.05 million in XRP from a cold wallet, leaving a victim devastated after losing their life savings. Crypto investigator ZachXBT has stepped in to trace the stolen funds, highlighting the importance of self-custody in cryptocurrency security. This situation serves as a stark reminder for users to be well-informed about their security practices, as the risks in the crypto space remain significant.
Tom Lee’s BitMine reports over $13B in crypto and cash holdings, now controls 2.7% of Ethereum supply
PositiveCryptocurrency
Tom Lee's BitMine has reported impressive holdings of over $13 billion in cryptocurrency and cash, now controlling 2.7% of the total Ethereum supply. This substantial stake not only positions BitMine as a significant player in the crypto market but also has the potential to influence market dynamics and encourage corporate adoption of cryptocurrencies. As the landscape of digital assets continues to evolve, such strategic asset accumulation by firms like BitMine could pave the way for broader acceptance and integration of cryptocurrencies in mainstream finance.
SEC’s New ETP Listing Could Make History as $BEST Becomes Top Altcoin to Buy Now
PositiveCryptocurrency
The SEC has taken a significant step by approving a new process that will speed up the launch of crypto exchange-traded products (ETPs). This change eliminates the need for separate rule filings, reducing the time an ETP can be stuck in regulatory limbo from up to 240 days to just 75 days. This is a game-changer for the cryptocurrency market, particularly for altcoins like $BEST, which are now positioned to gain traction more quickly. This move not only enhances market efficiency but also signals a growing acceptance of cryptocurrency in mainstream finance.
BlackRock launches iShares Bitcoin ETP on London Stock Exchange
PositiveCryptocurrency
BlackRock has made a significant move in the UK crypto investment scene by launching its iShares Bitcoin Exchange-Traded Product on the London Stock Exchange. This development opens up regulated market access to Bitcoin for British investors, marking a pivotal moment in the integration of cryptocurrency into mainstream finance. It highlights the growing acceptance of digital assets and could pave the way for more investment opportunities in the future.