Africa’s crypto conundrum, female founders, “insulting” US diplomacy ...Middle East

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Hi Quartz Africa readers!It’s been quite a week for cryptocurrencies, starting with Tesla’s announcement that it had invested $1.5 billion in bitcoin, and would start accepting it as a form of payment. The news sent the crypto asset soaring; bitcoin is now up more than 800% from a low in March 2020.But two recent stories out of Nigeria and South Africa highlight some of the persistent issues facing the widespread adoption of digital currencies, even in fast-growing markets. Earlier this week, Nigeria’s central bank announced a crackdown on cryptocurrency that appeared to make dealing on any exchanges illegal, citing issues with its volatility and opaqueness. South Africa’s tax agency SARS ha

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