LATEST NEWS

REPORT | Egypt Comes 3rd Among the Top Funded MENA Countries in H1 2024

REPORT | Egypt Comes 3rd Among the Top Funded MENA…

Startups from the Middle East and North Africa (MENA) region raised  $116 million in June 2024, declining by 59% from the previous month [May 2024]. Four Egyptian…

One Billion Bitcoin Transactions - BitKE
MILESTONE | Bitcoin Hits One Billion Transactions Post 2024 Halving
Bitcoin Mining
MILESTONE | Bitcoin Transaction Fees Plummet After All-Time High Rates Post Halving
Bitcoin MemeCoin
INTRODUCING | Runes Protocol, 'Built for Degens and MemeCoins,' Goes Live on Bitcoin Blockchain Following the Halving
Grayscale-Bitcoin-Trust-ETF
EXPLAINER | A Look At the World's Largest Bitcoin ETF
STRIKE - BitKE
ANNOUNCING | Strike Announces Initial Entrance into 7 African Markets for Bitcoin and USDT On and Off-Ramping to Local Currency
Sun-Exchange-Solar-Panels
PIVOT | South Africa's Bitcoin-Powered Energy Fintech, Sun Exchange, Pivots from Crowdsourcing Model to Institutional Funding of Solar Projects
Inscriptions Marketplace by Binance
INTRODUCING | Binance Launches a One-Stop Solution for Inscribing and Trading BRC-20 Inscription Tokens
Gridless OS
BITCOIN | How Gridless Manages Bitcoin Mining in Africa via its Own Software

OPPORTUNITIES

CALL FOR APPLICATIONS | Web3 Startup Accelerator, CV Labs, Announces Launch of Batch 07 With Up to $150,000 in Funding
Web3 startup accelerator, CV Labs, has announced the launch of applications for Batch 07 of its program....
CALL FOR APPLICATIONS | Announcing the 2024 Ecobank Fintech Challenge With $50,000 Grand Prize
The pan-African Ecobank Group has opened applications for the 7th edition of its Fintech Challenge offering...
CALL FOR APPLICATIONS | UNDP Timbuktoo Africa Initiative Seeks Startups to Join its Accelerator With $25,000 in Equity-Free Funding
The Timbuktoo Fintech Startup Accelerator has issued a call out to citizens of the African Union (AU)...
CALL FOR APPLICATIONS | Google for Startups Accelerator Invites Applications from AI and ML African Startups for Cohort 8
Google has announced the opening of applications for the 8th cohort of its Google for Startups Accelerator...
REGULATION | Financial Action Task Force (FATF) Urges Countries to Develop Regulatory Frameworks for Rapidly Growing Virtual Assets
Virtual assets continue to be used to support the proliferation of weapons of mass destruction as well...
REPORT | Egypt Comes 3rd Among the Top Funded MENA Countries in H1 2024
Startups from the Middle East and North Africa (MENA) region raised  $116 million in June 2024, declining...
CALL FOR APPLICATIONS | Inaugural Rwanda-Based, Sector-Agnostic Innovate Africa Fund, Seeks to Invest in 20 Early-Stage Startups for ~$50,000
Innovate Africa Fund, an angel investment fund that supports early-stage founders taking startups from...
MILESTONE | Leading TON Blockchain Wallet, TonKeeper, Draws Over 1.3 Million Users in Nigeria, with 900K Joining in May 2024 Alone
TonKeeper is the leading wallet on the TON blockchain that offers staking services and private dApp browsing,...
HOW TO | How to Earn NotCoins By Playing to Earn on Telegram
NotCoin ($NOT) is a play-to-earn token within the TON ecosystem, mainly utilized in a Telegram-based...
REGULATION | Paxful Co-Founder Pleads Guilty to Accusations of Deception and Shoddy Anti Money Laundering Practices
Artur Schaback, the Co-Founder and former Chief Technology Officer (CTO) of Paxful, has pleaded guilty...

REPORTS

FATF - BitKE
REGULATION | Financial Action Task Force (FATF) Urges Countries to Develop Regulatory Frameworks for Rapidly Growing Virtual Assets
Virtual assets continue to be used to support the proliferation of weapons of mass destruction as well...
MENA
REPORT | Egypt Comes 3rd Among the Top Funded MENA Countries in H1 2024
Startups from the Middle East and North Africa (MENA) region raised  $116 million in June 2024, declining...
Startup Funding in Africa in H1 2024 - BitKE
REPORT | Funding to African Startups Declines Over 50% YoY to $780 Million in H1 2024
Startups across Africa raised $780 million between January and June 2024 (H1 2024), a 31% decline compared...
Crypto-Crime-Scams
REPORT | Losses From Hacks and Fraud Double to $573 Million in Q2 2024
Crypto losses to hacks and rug-pulls in the second quarter of 2024 doubled compared to the same period...
mckinsey and company
REPORT | McKinsey Reveals About $2 Trillion in Assets Could Be Tokenized By 2030
In a new report titled “From ripples to waves: The transformational power of tokenizing assets,”...
Finance-professionals
REPORT | Nearly All of Web3 CFOs are Paid in Fiat Despite Better Compensation Than Traditional Finance
According to a new 2024 compensation report by Request Finance shard with BitKE, the Web3 sector is becoming...
Niger Delta
NIGERIA | Bitcoin Interest in Nigeria Strongest in the Niger Delta, Says a Local Analysis
Local Nigerians maintain interest in cryptocurrencies despite an ongoing crackdown on digital asset exchange...
Identity in Africa - BitKE
REPORT | Africa Wide Average Inflation Increased to 17% in 2023, Says Latest AfDB Report
Average consumer price inflation in Africa is estimated to have increased by 3 percentage points to 17...
2024 Startup Report - BitKE
REPORT | Lagos and Cairo Ranked Among the Top 100 Startup Cities in the World
A new report analyzing global startup activity has ranked Lagos as the leadin cityg in Africa, and 70th...
IMF Loans in Africa - BitKE
REPORT | Here Are the 3 African Countries Which Have Never Taken a Loan From the IMF
The International Monetary Fund (IMF) has been a constant participant in African economic activities...
Banking in Nigeria in 2023 - BitKE
BANKING | Nigerian Banks Earned Over $268 Million Following 55% Growth in E-Payments in 2023
Nigerian tier-1 banks earned N392 billion ($268 million) from electronic business in 2023 as the adoption...
PitchBook Thumbnail - BitKE
REPORT | Crypto Fundraising Rose Over 40% in Q1 2024, Says PitchBook
According to PitchBook’s Q1 2024 report, the crypto industry saw a significant increase in fundraising...
MPESA
MILESTONE | The M-PESA Ecosystem Draws Over 60,000 Software Developers
M-PESA, the fintech platform operated by Kenyan telco, saw KES 40.2 trillion ($305.8 billion) worth of...
CEO of Equity Bank
BANKING | Kenyan Equity Bank Profits Rise 25% in Q1 2024 to Become the World's Second Strongest Financial Brand
Equity Bank Group saw a significant increase in net profit for the first quarter of 2024, rising to KES...
Remittance Prices Worldwide - BitKE
REPORT | Sub-Saharan Africa Remains the Most Expensive Region for Sending Remittances, Says Latest World Bank Research
The average cost for sending $200 across the world declined slightly from 6.20% to 6.18% in 2023, a new...
Ethereum Core Developers in Kenya in 2024
ETHEREUM | Ethereum Client, Testing and Research Global Teams Gather in Kenya for the Nyota Interop Week-Long Event

ETHEREUM

Ethereum ETF
REGULATION | Ether ETFs Expected for Approval in 'One or Two Weeks, Only Minor Issues Left'
The U.S. Securities and Exchange Commission (SEC) could approve exchange traded funds (ETFs) tied to...
The LIFT Dollar
INTRODUCING | Paxos International Launches Yield-Bearing $USDL Stablecoin
Paxos International has announced the launch of Lift dollar, which it says is the first stablecoin to...
ETH Open Interest all Time High in May 2024 - BitKE
MILESTONE | $ETH Open Interest Hits an All-Time High of $11 Billion Following ETF Approvals
According to Kaiko Research, $ETH open interest reached an all-time high of $11 billion following ETF...
Ethereum Core Developers in Kenya in 2024
ETHEREUM | Ethereum Client, Testing and Research Global Teams Gather in Kenya for the Nyota Interop Week-Long Event
A host of Ethereum core contributors were recently in Nairobi, Kenya where they conducted some technical...
Ethereum ETF
MILESTONE | United States Securities Regulator Approves Listing of Ether ETFs on Major Stock Exchanges
The United States Securities Exchange Commission granted accelerated approval to stock exchanges to list...
Ethereum ETF
REGULATION | Spot Ether ETF Applicants Commit to Not Staking $ETH Ahead of SEC Decision
In the latest amendments to their applications, issuers aiming to launch spot Ether ETFs have clarified...
ETF
REGULATION | Spot Ether ETFs Now 75% Likely to Be Approved This Week, Say Analysts
The price of Ether (ETH) surged by more than 10% after two prominent Bloomberg ETF analysts significantly...
Ukraine,,Odessa,-,October,,9,2021:,Hand,Holding,Mobile,With
REGULATION | United States Notifies ConsenSys of Legal Action Against MetaMask as it Labels ETH a Security
The United States Securities and Exchange Commission (SEC) has shared Wells Notice with ConsenSys, the...
World Chain - BitKE
INTRODUCING | WorldCoin Set to Unveil the 'World Chain' Blockchain Following Explosive Layer 2 Growth
WorldCoin says it will unveil a new blockchain ‘designed for humans’ known as World Chain....
Hong Kong Bitcoin and Ether Spot ETFs
INTRODUCING | Hong Kong Becomes the First Global Financial Hub to Authorize Bitcoin and Ether Spot ETFs
Hong Kong’s Securities and Futures Commission (SFC) became the latest jurisdiction to approve Bitcoin...
Eigen Layer
EXPLAINER GUIDE | A Look at EigenLayer - Restaking Ethereum to Earn More Rewards
EigenLayer, introduced on the mainnet in June 2023, comprises a set of smart contracts operating on the...
Cardano-Funded Kenyan Fintech, Pezesha, Gets a Digital Lending License to Operate in Uganda
Pezesha, a digital lending infrastructure and platform that helps finance medium, small, and micro enterprises...
4 Kenyan Startups Building Innovative Solutions on the Celo Blockchain
Celo, a mobile-first blockchain focused on emerging markets, recently announced a $100 million program...
REPORT | Binance and Coinbase Continue to Dominate the Crypto Industry with Largest Supply Statistics in 2023
Binance and Coinbase continue to stand out as the world’s top cryptocurrency exchanges, both in...

FINTECH

77 Fintech Startups in Africa Raised USD $107 Million in 2019 Alone
2019 proved to be the best year yet for African tech startups with the fintech sector remaining the most...
Kenya's Patika is Latest Entrant into Y-Combinator [YCS22]
Welcome to YC S22, @sidneyrema_, @jumaphelix, and team @PatikaAfrica! Patika helps small businesses in...
Nigerian Crypto Payments Startup, FluidCoins, Launches a Free Wallet-as-a-Service API
In a blog post by CEO, Lanre Adelowo, FluidCoins, a startup focusing on APIs to enable businesses support...
Nigerian Fintech Startup, BridgeCard, raises $440K to Support Crypto Wallets in Select African Countries
Nigerian fintech startup, Bridgecard, has raised a $440, 000 pre-seed funding round to expand its user...
Jumo's $120 Million Raise to Drive Expansion into Nigeria and Cameroon
JUMO, a fintech with a special focus on emerging markets, recently raised $120 million as top investors...
Kenya Central Bank to Regulate Financial Super Apps Like M-PESA
The Central Bank of Kenya (CBK) says it will start regulating financial super apps such as Safaricom’s...
FUNDING | Licensed Egyptian Fintech, Swypex, Raises $4 Million Seed Round Led by Accel
Egyptian startup, Swypex, has unveiled the rollout of its comprehensive financial services platform for...

REGULATION

FATF - BitKE
REGULATION | Financial Action Task Force (FATF) Urges Countries to Develop Regulatory Frameworks for Rapidly Growing Virtual Assets
Virtual assets continue to be used to support the proliferation of weapons of mass destruction as well...
NITDA Offices
REGULATION | Nigeria Set to Build The 'Nigerium' Indigenous Blockchain to Safeguard National Security, Says Director-General, NITDA
National Information Technology Development Agency (NITDA) will develop the ‘Nigerium’ indigenous...
ARIP - SEC Nigeria - BitKE
REGULATION | Digital Asset Operators in Nigeria Required to Establish Local Presence in Latest Eligibility Requirements
The Nigeria Security Exchange Commission (SEC Nigeria) requires Virtual Asset Service Providers (VASPs)...
FSCA - South Africa
REGULATION | South African Regulator, FSCA, Pursuing 30 Crypto Firms Operating Without Licenses
The Financial Sector Conduct Authority (FSCA) of South Africa is currently running 30 investigations...
Zambia on the Globe
REGULATION | Bank of Zambia Plans to Criminalize Foreign Currency Use Amid Kwacha Rally
The [Central] Bank of Zambia has published plans to criminalize the use of foreign currency in the local...
KuCoin-App
REGULATION | KuCoin to Charge 7.5% Value Added Tax (VAT) on Crypto Transactions in Nigeria Following 'An Important Regulatory Update'
Crypto exchange, KuCoin, says it will start collecting a 7.5% value-added tax on trading fees from its...
FSCA CASP Licenses - BitKE
REGULATION | South Africa Appproves 63 New Crypto License Applications, Now Totalling to 138
South Africa’s Financial Sector Conduct Authority has approved a further 63 licence applications,...
Minister of Science and Technology, Zambia
REGULATION | Zambia Working with Tony Blair Institute and the EU to Establish an Artificial Intelligence Framework and a Startup Bill, Says ICT Minister
Zambia’s Minister of Science and Technology, Felix Mutati, has announced that the government is...
Ukraine,,Odessa,-,October,,9,2021:,Hand,Holding,Mobile,With
REGULATION | ConsenSys Sued by The United States SEC for Brokering Securities on MetaMask Swaps
The United States Securities and Exchange Commission (SEC) has filed a suit against MetaMask parent company,...
Emomotimi Agama of SEC Nigeria - BitKE
REGULATION | 'Nigerian Youth Are Drawn to Cryptocurrencies Because of their Secretive Nature,' Says SEC Nigeria
According to the Nigerian Securities Exchange Commission (SEC), many Nigerian youths are embracing cryptocurrencies...
Ethereum ETF
REGULATION | Ether ETFs Expected for Approval in 'One or Two Weeks, Only Minor Issues Left'
The U.S. Securities and Exchange Commission (SEC) could approve exchange traded funds (ETFs) tied to...
NIMC - BitKE
ALERT | Nigeria Warns Public Over 5 Websites Harvesting and Selling Identity Data of Citizens
According to local reports, the National Identity Management Commission (NIMC) has listed five websites...

BANKING

REGULATION | Bank of Zambia Plans to Criminalize Foreign Currency Use Amid Kwacha Rally
The [Central] Bank of Zambia has published plans to criminalize the use of foreign currency in the local...
REGULATION | Nigerian Fintechs to Resume Customer Onboarding and Block Crypto Accounts After Central Bank Lifts Suspension
The Central Bank of Nigeria (CBN) has lifted a recent suspension on OPay, Moniepoint, Kuda, Palmpay,...
BANKING | Nigerian Banks Earned Over $268 Million Following 55% Growth in E-Payments in 2023
Nigerian tier-1 banks earned N392 billion ($268 million) from electronic business in 2023 as the adoption...
BANKING | Kenyan Equity Bank Profits Rise 25% in Q1 2024 to Become the World's Second Strongest Financial Brand
Equity Bank Group saw a significant increase in net profit for the first quarter of 2024, rising to KES...
Neil-de-Waal-and-others-at-GSB-event-at-the-Cape-Town-International-Convention-Centre
REGULATION | South African Associate of GS Partners Crypto and Metaverse Scheme Arrested
REGULATION | South African Associate of GS Partners Crypto and Metaverse Scheme Arrested
Neil Leon De Waal, a South African associate of the controversial investment scheme GS Partners, was...
REGULATION | Mauritius Publishes Consultation Paper on Metaverse for the Financial Services Sector
The Mauritius Financial Services Commission (FSC), the regulatory authority responsible for the regulation,...
3 Ways How Event Organizers Can Benefit from POAP NFTs to Manage Events and Build Fan Loyalty
Proof of attendance protocol, often shortened to POAPs, function as digital badges you can collect at...

FRANCOPHONE AFRICA

Pan African Crypto Exchange, Mara, Rebrands to Jara Amidst Bankruptcy Claims, 2 Years After Raising $23 Million
FUNDING | French VC, Breega, Launches Inaugural $75 Million Fund to Invest in Early-Stage Startups Across Africa
REPORT | Here Are the 3 African Countries Which Have Never Taken a Loan From the IMF
LIST | Senegalese Fintech, Wave, is the Only African Company Among Y Combinator's 'Top 50 Highest-Earning Startups of 2024'
Africa's $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential, African Development Bank President Warns
INFLATION | MTN Divests its Ownership in Guinea and Guinea Bissau Due to High Inflation and Currency Devaluation

EDUCATION

Hard Dollars
[WATCH] Why Money Should Be Hard to Make
Long before we used paper money, people used many different objects as money. One of the defining characteristics...
Bitcoin Halving in Blue
MILESTONE | Bitcoin Mining Difficulty Reaches All-Time High as 2024 Halving Draws Closer
Bitcoin’s mining difficulty has surged to its highest level ever, occurring just over a week before...
Bitcoin ETF
BITCOIN | Bitcoin ETFs Collectively Lost Over $800 Million As Bitcoin Fell Last Week
Bitcoin exchange-traded funds (ETFs) on Wall Street experienced five consecutive days of net outflows...
HRF Bitcoin Grants
LIST | 2 Out of the 14 Recipients of the Latest HRF Bitcoin Development Grants are African Projects
The Human Rights Foundation (HRF) has allocated a total of $500,000 across 14 diverse projects worldwide,...

DAOs

CALL FOR APPLICATIONS | Announcing the $5 Million Core Africa Innovation Fund - Empowering Local Web3 Builders
Core DAO is excited to introduce the African Innovation Fund, a groundbreaking initiative to provide...
The Celo Africa DAO Goes Live with 3 Main Focus Areas
Celo has finally unveiled a regional DAO which is expected to drive adoption of the blockchain in grassroots...
Next Phase of Project Khokha, South Africa's CBDC, to Explore Interoperability and 'DAO Principles'
The South Africa Reserve Bank (SARB) will be exploring multiple use cases involving a wholesale CBDC...
Introducing the Kamusi DAO Project - Creating a Swahili Web3 Dictionary for Africa
The Kamusi DAO Project is an initiative which aims to create a Kiswahili Web3 dictionary that represents...

CENTRAL BANK DIGITAL CURRENCIES (CBDCs)

Ethiopia Council of Ministers - BitKE
REGULATION | Ethiopia's Council of Ministers Approves Major Financial Sector Reforms including Establishment of CBDC Regulatory Framework
According to a post by the National Bank of Ethiopia, the country’s Council of Ministers has approved...
National Bank of Rwanda Deputy Governor
CBDC | The National Bank of Rwanda Outlines Plans for a Central Bank Digital Currency in 2 Years
Rwanda is aiming to launch its own national Central Bank Digital Currency (CBDC) within the next two...
Bank of Ghana Edit
CBDC | Bank of Ghana and Monetary Authority of Singapore Pilot Cross Border Trade Using the eCedi and Digital Tokens
The Bank of Ghana (BOG) and the Monetary Authority of Singapore (MAS) have successfully completed a proof-of-concept...
Rwanda on World Map
CBDC | National Bank of Rwanda (BNR) Seeks Public Views on a CBDC Ahead of Possible Proof-of-Concept
The National Bank of Rwanda has released a questionnaire seeking views from the public about a Central...
South African Reserve Bank
REGULATION | South Africa Reserve Bank Sets a 2-Year Timeline to Accelerate Testing of Stablecoin Use Cases
The South Africa Reserve Bank (SARB) has set a 2-year  timeline within which to accelerate the selection...
Mauritania - BitKE
CBDC | Mauritania Enters Agreement with Giesecke+Devrient to Develop the Ouguiya Central Bank Digital Currency
The Central Bank of Mauritania (CBM) has entered into a partnership with security technology firm, Giesecke+Devrient...

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