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
These, and more stories, make the continental headlines for the week:
South African crypto exchange VALR has launched tokenized U.S. stock trading on its platform, making it the first African exchange to provide users access to U.S. equities markets.
Users can now trade xStocks, a representation of U.S stocks on the Solana blockchain.
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.
https://twitter.com/VALRdotcom/status/1950904894355083640?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Meanwhile, Peach Payments and Moneybadger have partnered. Peach Payments aims to leverage its first deal with a crypto service provider to offer more choices to its consumers.
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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.
Bitcoin Events has also announced 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.
The Algerian government has enacted a comprehensive ban on all digital asset activities to protect the national currency.
https://twitter.com/SpecterAnalyst/status/1950852713958293958?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
The ban, effective July 24, 2025, was announced through a publication. Cited reasons include combating terrorist financing, preventing fraud, and curbing unwarranted speculation.
These measures place Algeria at the end of the spectrum, as most countries permit crypto activities within regulated frameworks.
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Decentralized protocol ViFi Labs has acquired Ugandan platform OneRamp, a rising player in local crypto payments.
ViFi aims to strengthen its foothold in strategic African markets and expand to Latin America.
https://twitter.com/ViFi_Labs/status/1952543316027035763?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
OneRamp distinguishes itself by enabling seamless stablecoin integration with mobile money platforms and bank accounts, facilitating easy crypto payments for everyday services.
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.
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The Bitcoin mining sector in Ethiopia is driving massive revenue to the state electricity company.
Ethiopia Electric Power reportedly earned an additional $55 million over the past 10 months from mining activities, supporting rural electrification efforts.
The surplus hydroelectric power exceeds local industrial demand. Bitcoin mining, often criticized for its energy consumption, provides a ready market for this excess power.
This situation creates a win-win, demonstrating that Bitcoin mining can be sustainable in locations with favorable power dynamics.
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The post 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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