REPORT | Almost Half of All USDT Transactions in 2024 Originated from Emerging Markets, Says Q4 2024 Tether Report

According to Tether, 109 million on-chain wallets held USDT at the start of the fourth quarter, making the stablecoin one of the most popular assets.   “109 million on-chain wallets…

Continue ReadingREPORT | Almost Half of All USDT Transactions in 2024 Originated from Emerging Markets, Says Q4 2024 Tether Report

BITCOIN | NYSE-Listed BIT Mining to Acquire Ethiopian Bitcoin Mining Data Centers and Mining Machines in $14.3 Million Deal

BIT Mining Limited has announced the acquisition of 51-megawatt crypto mining data centers and 17,869 high-performance Bitcoin mining machines in Ethiopia in a transaction valued at $14.3 million on December…

Continue ReadingBITCOIN | NYSE-Listed BIT Mining to Acquire Ethiopian Bitcoin Mining Data Centers and Mining Machines in $14.3 Million Deal

PARTNERSHIP | Yellow Card and LightSpark Partner to Bring Universal Money Address (UMA) to African Businesses and Consumers

Yellow Card, Africa’s leading fiat-to-crypto on and off-ramp, has announced a new partnership with LightSpark at the Africa Bitcoin Conference 2024. For the first time, businesses and people on the…

Continue ReadingPARTNERSHIP | Yellow Card and LightSpark Partner to Bring Universal Money Address (UMA) to African Businesses and Consumers

LIST | Morrocon Fintech, Joro Cash, Takes ‘Best Fintech Award’ at the 2024 AfricArena Grand Summit

Morrocan startup, Joro Cash, was announced winner of the Best Fintech Startup Award at the just concluded 2024 AfricArena Grand Summit held in Cape Town, South Africa. More than 100…

Continue ReadingLIST | Morrocon Fintech, Joro Cash, Takes ‘Best Fintech Award’ at the 2024 AfricArena Grand Summit

FUNDING | SeedStars Africa Secures $42 Million Raise to Invest in Highly Scalable Early Stage Startups

SeedStars Africa Ventures I, a venture capital fund making early-stage investments in highly scalable start-ups in Africa, has announced the close of a $42 million raise. The fund, with offices…

Continue ReadingFUNDING | SeedStars Africa Secures $42 Million Raise to Invest in Highly Scalable Early Stage Startups

FUNDING | African Startups Raised $180 Million in November 2024 – a 29% Decline from October 2024

Venture funding in Africa experienced a decline in November 2024, with 32  startups across the continent raising $180 million during the month, according to a report by African venture funding…

Continue ReadingFUNDING | African Startups Raised $180 Million in November 2024 – a 29% Decline from October 2024