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Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding


The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse...

Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding


The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...

ZepetoX raised 13M on Arbitrum; ROE expansion attracts experts


ZepetoX (ZTX), the Jump Crypto and Zepeto-backed initiative, recently raised 13 million for its metaverse platform on Arbitrum. At the same time, experts are still drawn to Borroe ($ROE) as it maintains its stance as the best ICO right now. The game-changing $ROE The volatility of the crypto...

Cypher Says Token Offering Part of Steps to Make Users Whole


The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...

Zetachain Raises $27 Million to Develop a ‘Chain to Manage Them All’


Zetachain, a project that seeks to build one chain to interoperate with all other blockchains, announced it raised $27 million in a Series A funding round. Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, and Jane Street Capital, among others, participated in the funding round. Zetachain...

Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum


U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...

Worldcoin Confirms Kenya ID Verification Pause


The CEO of Worldcoin’s founding entity confirmed on Aug. 2 that his organization has paused “World ID verifications in Kenya” and will attempt to address concerns raised by authorities. Kenya’s ICT Minister Eliud Owalo has said Worldcoin’s verification services were...

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