Search
Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding
28.6.2024
Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates...
Blockchain Association Says Tigran Gambaryan’s Detention Harms Nigerian Web3 Industry
28.6.2024
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued...
Kenya Concludes Worldcoin Investigation
24.6.2024
Kenyan police have reportedly closed their investigation of Worldcoin, allowing the latter to resume its activities in the East African nation. The chief legal officer at Tools for Humanity confirmed that Worldcoin would soon resume registering Kenyan users. Tools for Humanity Praises...
Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare
22.6.2024
A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such...
US Lawmaker Urges Nigerian Government to Grant Humanitarian Release for Jailed Binance Employee
22.6.2024
Two U.S. lawmakers, French Hill and Chrissy Houlahan, have added their voices to calls for the release of jailed Binance executive Tigran Gambaryan. The lawmakers made this call shortly after visiting Gambaryan at Nigeria’s notorious Kuje Prison. Hill believes that Gambaryan is being wrongfully...
Nigerian Court Dismisses Fugitive Binance Exec’s Rights Lawsuit
20.6.2024
A Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as one of the reasons for dismissing the lawsuit....
Ethiopia Approves CBDC Launch Draft Proclamation
20.6.2024
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow...
South Africa Re-Elects Cyril Ramaphosa of the ANC as President
14.6.2024
South African president Cyril Ramaphosa of the African National Congress (ANC) party was re-elected on Friday, and will lead the country's first multi-party coalition government
Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade
14.6.2024
The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore...
South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions
14.6.2024
The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick...
Kenyan Central Bank to Issue Licenses to Fintech Firms
14.6.2024
The Central Bank of Kenya is amending the country’s payment systems law, which will allow it to issue operating licenses to fintech startups. Governor Kamau Thugge said he expects the bank to complete the process of amending the law soon. Central Bank Aims to Support Fintech Startups The Central...
Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover
11.6.2024
In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by...
Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s North
10.6.2024
In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency...
Intel and AfDB to train millions of Africans in AI
9.6.2024
The initiative aims to equip many Africans with Fourth Industrial Revolution (4IR) skills, including skills in advanced technologies like artificial intelligence, robotics, and data science
South African Police Nab Alleged Mastermind of Metaverse Ponzi Scheme
8.6.2024
Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant,...
Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa
7.6.2024
Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer...
Associate Professor Rejects Alleged Link Between Nigerian Currency Depreciation and Crypto Trading
6.6.2024
Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively regulate the cryptocurrency industry through...
Nigerian Startup Zone Launches Blockchain-Powered Point-of-Sale Gateway
6.6.2024
A Nigerian payments company recently announced the launch of a blockchain-powered point-of-sale payment gateway. This gateway facilitates transaction routing to issuers and aims to prevent chargebacks or chargeback fraud by promptly reimbursing customers for unsuccessful transactions. Eliminating...
US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria
6.6.2024
A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential...
Zone launches PoS gateway with instant settlements
5.6.2024
Zone’s layer-1 blockchain is purportedly Africa’s first decentralized, cross border, currency-agnostic payments solution