MILESTONE | Bitcoin Has Processed Over 1 Billion Transactions While Settling Over $130 Trillion Since Inception

Bitcoin’s journey to a $100,000 price milestone spanned over 5,200 trading days, hitting a market cap briefly exceeding $2 trillion, highlighting the network’s resilience and steady evolution, says a new…

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REGULATION | EFCC Nigeria Busts Up Crypto Fraud Syndicate in Lagos, Arrests 193 Foreign Nationals

The Nigeria Economic and Financial Crimes Commission (EFCC) has arrested 193 foreign nationals in a busted operation against a cybercrime and cryptocurrency fraud syndicate in the city of Lagos, Nigeria.…

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FUNDING | Nigerian Fintech, JuicyWay, Raises $3 Million to Provide FX Exchange Using Stablecoins

JuicyWay, a Nigerian cross-border payments startup that assists businesses in obtaining foreign exchange for international transactions, has secured $3 million in pre-seed funding. We just raised a $3m pre-seed to…

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MILESTONE | M-PESA Now Has Over 90,000 Developers Building Mobile Money Integrations on the Platform

Safaricom’s leading mobile money platform, M-PESA, gained over 500,000 new users between October and November 2024, bringing its total user base to 34 million in Kenya alone. This represents a…

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REGULATION | South Africa Has Now Approved 248 Crypto Providers Out of 420 Received So Far, Only 9 Applications Rejected

The South Africa Financial Sector Conduct Authority (FSCA) has approved 248 crypto asset service provider licences out of the 420 applications received, the regulatory body has said. So far, only…

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FUNDING | Nigerian Fintech, BillBoxx, Raises $1.6 Million in Pre-Seed Funding Round After Facilitating $4 Million via its MVP

Nigerian fintech, Billboxx, has raised $1.6 million pre-seed funding round, the startup announced in a press release. The round saw participation from renowned investors including: Norrsken Accelerator Kaleo Ventures Founders…

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REPORT | Ethereum Remains the Most Popular Blockchain Among Developers in Africa, Says 2024 Crypto Developer Report

The number of monthly active developers in the web3 ecosystem in 2024 was 23,613, says a new report by Electric Capital. According to the report, the number represents 39% growth…

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PARTNERSHIP | Circle Partners with Binance to Accelerate Global USDC Adoption Across the Binance Ecosystem

Crypto industry giants, Circle Internet Group Inc. and Binance have joined forces in a new strategic partnership announced at Abu Dhabi Finance Week that will expand adoption of USDC and…

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PROJECT SPOTLIGHT | How Legitify, a Tanzanian Project, Seeks to Tackle Document Fraud with Web3 Technology

The story of Legitify, a cutting-edge project developed by a talented team of students from the University of Dar es Salaam, is inspirational. Recently, Legitify was recognized as one of…

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