Crypto

A collection of 25 posts

Crypto

Yellow Card Partners Tether to Drive Stablecoin Education, Adoption Among African Youth

Yellow Card and Tether, two prominent players in the cryptocurrency industry, have announced the successful completion of Phase 1 of their partnership in three key African markets. Over a period of two months, the partnership focused on raising awareness, providing education, and driving the adoption of USD₮, Tether’s stablecoin,

Crypto

The Many Troubles of Patricia: Matters Arising

It is widely assumed that most African startup founders regard funding as a means to an end. Rather than investment tied to a specific goal, it is viewed as a reward for their many years of hard work. Many of them migrate to the West and even relocate their companies’

Crypto

What You Should Know as African Crypto Payment Startup, Lazerpay Shuts Down

The shutdown of Lazerpay, an African crypto payments platform has brought to the fore the precarious state of African crypto startups. Lazerpay, a payment gateway startup that was touted as the ‘African Stripe’, has shut down its operations due to its inability to complete a successful funding round. The founders

Crypto

Yellow Card Becomes Africa’s Largest Centralized Exchanger as it Facilitates $1.75B in Transactions

Yellow Card, a Pan-African cryptocurrency exchange founded by Chris Maurice and Justin Poiroux, has become the largest centralized exchange in Africa, having facilitated $1.75 billion in transactions since its launch in 2019. The platform currently boasts 1.4 million users and enables users to purchase cryptocurrencies using fiat currencies

Blockfinex

Nigerian Startups Welcome First Acquisition in 2023 as Dubai-Based Blockfinex "Acquihires" Fluidcoins

Fluidcoins, a Nigerian crypto payment gateway startup, has been acquired for an undisclosed sum by Blockfinex, a Dubai-based, Barbados- and Seychelles-registered crypto exchange company. Meanwhile, the Fluidcoins founding team will continue to work on the product, making this an “acquihire.” According to TechCabal, and confirmed by Danny Oyekan, the founder

Crypto

Crypto Activities In Lebanon; The Finance Safe-Spot

The current state of cryptocurrency regulations in Lebanon The economic crisis in Lebanon has caused citizens to look for alternative ways to store their wealth and protect their savings. This has led to an increase in the use of cryptocurrencies, despite warnings from the Banque du Liban (BDL), Lebanon’s

Crypto

Crypto Outlook in West Africa in '22. Driving More Adoption and Increasing Investors' Confidence in 2023

Globally, 2022 was a terrible year for the digital asset and cryptocurrency markets. After reaching all-time highs in November 2021, the value of most of the major cryptocurrencies has plummeted dramatically. Bitcoin is down about 60%, while Ethereum is down more than 65%. For many investors and crypto enthusiasts, the

Crypto

Cryptocurrency In Morocco; If You Can't Ban Them, You Join Them

Over many publications, it is evident that the government is intertwined with tech activities within a given society. Nothing has the ability to scale without the approval, development and openness of a government. There have been various instances where the rules and regulations of a given nation propelled the scalability

Blockchain

How the Africa Blockchain Center is Addressing the Talents Gap in African Blockchain Industry

The Africa Blockchain Center (The ABC), a Kenyan Web 3.0 startup founded in September 2021 to propel Africa into the adoption of 4IR (fourth industrial revolution) technologies by building capacity in blockchain programming and catalyzing industry readiness; offering solutions to enterprises seeking to explore the technology; and incubating blockchain

Business

Google and Coinbase Partner to Bring Crypto Payments to Cloud Services

Google, the tech titan, has teamed up with Coinbase, the largest cryptocurrency exchange in the United States by trading volume, to enable users to pay for cloud services with cryptocurrency. Customers in a select group will now be able to pay with Bitcoin, Ether, and Dogecoin. According to Amit Zavery,

Blockchain

Why MENA is Now the Fastest Growing Crypto Market in the World

Over the years, the West has frequently been regarded as the world’s de facto technology capital, far outweighing emerging regions such as the Middle East and North Africa (MENA). However, with recent advances and outperforming in digital innovation and emerging technologies by MENA countries, there is a growing urgency

Abacus

Helicarrier Acquires Stake In Pan-African Fintech Firm, Accrue

Previously called Bitkoin Africa and later Buycoins, Helicarrier launched as a peer-to-peer bitcoin trading platform. Having merged its five products — Buycoins (a simple way to buy and sell cryptocurrency in Africa); Buycoins Pro (orderbook for advanced digital trading); Sendcash (crypto-powered remittance); Sendcash Pay (a suite of developer tools that let

comiblock

ComiBlock Secures Funding From California-Based Accelerator , Expert Dojo

ComiBlock, a Nigerian investtech startup has secured funding from a California-based development accelerator, Expert Dojo, in other to scale. The amount raised is yet to be disclosed by the startup. Comiblock was launched in February of 2021, as a crypto divestment advisory platform. With the use of a smartphone, users

Africa

Pan-African crypto exchange, Yellow Card raises $40 million Series B

Pan-African cryptocurrency exchange, Yellow Card has raised $40 million in Series B funding in a round led by Polychain Capital. Other investors include Valar Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, among others. This makes its funding a total of $56.

Crypto

As the Ethereum Merge Complete, We Torchlight What it means for African Users

The Ethereum Blockchain, the second-largest cryptocurrency behind bitcoin, is set to start undergoing a significant update. Known as the “merge,” Ethereum is converting to proof of stake, a more energy-efficient technique of authenticating platform transactions. According to Greg King, founder and CEO of Osprey Funds, the update is comparable to

Africa

Nestcoin’s Metaverse Magna secures $3.2 million seed to build Africa’s largest crypto gaming community

Metaverse Magna (MVM) has raised $3.2 million seed to build Africa’s largest gaming decentralized autonomous organization (DAO). It was incubated in partnership with Old Fashion Research (OFR), a multi-strategy blockchain investment fund. This was after Nestcoin procured a pre-seed fund of $6.45 million in February of this

Crypto

What Africans Can Expect from Crypto Fest 2022 in Cape Town

The popular Crypto Fest will return for its fourth iteration on September 30, 2022, and for the first time as a hybrid event that will take place both physically in Cape Town, South Africa, and online (via live-stream). The SA Innovation Summit— the largest startup event in Africa, which will

Crypto

Binance adds South African Rand to allow Quick Deposit

The world’s largest cryptocurrency exchange by number of transactions, Binance, has announced the opening of a fiat gateway for the South African Rand as part of its strategy to increase its local presence in the region (ZAR). A fiat gateway, often referred to as an on-ramp, is a method

Binance

So much Binance Irregularities: How much more can Nigerians and Africans Take?

Nigerians and users from other African countries have in recent times severally recounted their negative experience while trading with Binance. Reports suggests that they were denied access to their wallets (accounts) for no discernible reason, citing Binance irregularities. According to several, they discovered large anomalies in their wallets, which led

Crypto

What South Africans Must Know about the FIA’s ‘Crypto as a Financial Product’ Intention

Despite rising usage, cryptocurrencies have long faced legitimacy issues in Africa. However, a Blockchain analytics company, Chainalysis, claims that the use of cryptocurrencies is expanding faster on the continent than everywhere else, with transaction volumes rising 1,200 percent between July 2020 and 2021. The responses of African countries have

Blockchain

South African Water Crypto Startup, H2O Securities Secures $150M Investment

H20 Securities, the world’s first water cryptocurrency, has announced it raised $150 million through the sale of its tokens. The purchase came in form of an investment from GEM Digital, a $3.4 billion assets investment firm based in the Bahamas. The startup also mentioned it got listed on

Asia

Morocco Finalizes Crypto Regulation: Why More African Countries Should Follow Suit

Despite growing use, cryptocurrencies have struggled for legitimacy in Africa for years. However, according to Chainalysis, a blockchain data platform, crypto usage on the continent is growing faster than anywhere else, with transaction volumes increasing 1,200 percent between July 2020 and 2021. Reports suggest that one in every three

Crypto

Swiss-based Crypto Valley VC launches Fund for African Blockchain Startups

Crypto Valley Venture Capital (CVVC), a Switzerland-based VC firm has launched an Africa-focused early-stage fund to back blockchain startups in the continent. This was disclosed by the investor on Monday at the Blockchain Hub adjacent to the World Economic Forum in Davos, Switzerland. CV VC is an early-stage venture capital

Blockchain

South African crypto platform, Luno crosses 10million users

South African Crypto platform, Luno announced on Wednesday that it has onboarded 10 million users across 40 countries into its platform. Founded by Marcus Swanepoel and Timothy Stranex in 2013, Luno said it has enabled over $52 billion worth of crypto transactions, and its customers have stored in excess of

Blockchain

Busha raises $4.2m seed funding to scale its crypto exchange platform

Nigeria-based cryptocurrency exchange, Busha has raised $4.2 million in investment led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round. Busha which has been scaling its services across Nigeria since 2019 will now deploy the new