Top digital companies including Meta, Stripe, Reddit, and Xend Finance use the Web3 blockchain network Polygon. The Polygon Bootcamp, an intense eight-week mentorship program, and hackathon in Africa has begun. The blockchain development process will be explained to developers, and financial incentives will be provided to encourage their interest in the field. Outstanding developers will…
PowerDFI, a Blockchain financial startup based in Wyoming, has acquired Naijacrypto, a Nigerian-owned cryptocurrency platform that initially targeted African markets. Naijacrypto is a cryptocurrency exchange that offers cryptocurrency spot trading, staking, cryptocurrency-backed loans, and numerous other blockchain-based services. It aims to close financial inclusion gaps by facilitating traditional financial activities through the blockchain. Tim Webb,…
Nigeria and the Binance cryptocurrency exchange are working together to create a special economic zone that would be supported by the crypto industry. According to a recent CoinGecko survey, Nigeria was found to be the country with the highest level of crypto curiosity, which may have piqued Binance’s interest in the possibility of growing the…
Women in Tech and Binance Charity, the philanthropic arm of the world’s largest cryptocurrency exchange and blockchain infrastructure provider, Binance, respectively, today announced a landmark global partnership to educate 2,800 women from marginalized communities in Brazil and Africa about blockchain technology. The first courses will be held in Rio de Janeiro, Brazil, and Cape Town,…
The development of technology has increased from year to year. One of which is a cryptocurrency, a digital currency that has become a trend worldwide. Cryptocurrencies have made considerable growth in value and popularity. Therefore, more and more blockchain companies are popping up everywhere. It makes the competition between blockchain companies even more challenging. They…
On Wednesday, Binance, one of the top blockchain ecosystems in the world and a prominent provider of cryptocurrency infrastructure, announced the opening of a crypto teaching center in Yaoundé, Cameroon. The center will collaborate with non-profit digital hub Inoni tech to offer resources and training to young people throughout Francophone Africa. The hub will be…
Gamic Guild, a platform dedicated to providing users with a diverse catalog of NFT games to play while also earning, plans to introduce gamers to blockchain gaming by hosting “Gameathon,” Africa’s largest play-to-earn video game tournament. Gamic Guild is Africa’s largest play-to-earn gaming guild, offering players multiple economic earning opportunities through blockchain games. Gameathon is…
Namibia’s first Bitcoin ATM is now available at the Crypto Kiosk in Windhoek’s Maerua Mall. The Crypto Kiosk operates in full compliance with the Namibian Financial Intelligence Centre and all applicable Namibian and international legislation (NFIC). Bitcoin ATMs are similar to traditional ATMs, but instead of connecting to a bank account, they connect directly to…
The Krosscoin Ecosystem’s Hashgreed, a Nigerian NFT marketplace, multifunctional NFT, and super dapp platform, recently raised more than US$1 million in investment for expansion outside of Nigeria. The Hashgreed platform is made to make web3 solutions for asset tokenization, commerce, and creativity more accessible to both individuals and corporations. DeFi and WorkFi solutions are also…
The race to roll out e-cash on the continent has heated up with Ghana becoming the latest African nation to start evaluating the sustainability of its central bank-backed digital currency, the eCedi. After Nigeria introduced the eNaira in October 2021, only South Africa and Ghana remain in the pilot stage of the process. A contactless…
Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, is commemorating its fifth anniversary by waiving trading fees across a wide range of bitcoin spot trading pairs. From July 8, users will be able to trade fee-free on thirteen stablecoins and fiat combinations, including BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, BTC/TRY, and more, according to a…
The Central African Republic’s (CAR) President, Faustin-Archange Touadéra, has introduced Sango Coin, the nation’s cryptocurrency. Yesterday, he announced it over a web event. The president of the nation provided ideas for using bitcoin and other cryptocurrencies nationally at the “Sango Genesis Event.” The nation’s resources will be tokenized in order to increase investment prospects, even…
Meta Pay is rumored to be a cryptocurrency-friendly payment platform from Meta. The parent company of social media behemoths Facebook and Instagram has submitted five patent applications with the US Patent and Trademark Office (USPTO). Meta is looking for licenses to operate as a “online social networking service for investors that allows financial trades and…
MARA, a Pan-African cryptocurrency exchange, has raised $23 million in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures, Infinite Capital, DAO Jones (an investment DAO backed by Mike Shinoda, Steve Aoki, and Disclosure), and nearly 100 other crypto investors and angels, including Amit Bhatia and…
The FT x Cardano Blockchain Challenge is looking for companies who are working on Cardano or are interested in using the Cardano blockchain technology and ecosystem, and will provide selected companies with access to a bootcamp and accelerator program. The FT x Cardano Blockchain Challenge is a collaboration between Cardano’s Project Catalyst, a community and…
Two years after abandoning its blockchain endeavor, The Open Network (TON) foundation has announced that users would be able to send crypto payments on Telegram. Telegram’s cryptocurrency operation was shut down when the Securities and Exchange Commission of the United States put too much pressure on the company, according to The Verge (SEC). Telegram now…
The Central African Republic, a landlocked country roughly in the middle of Africa, has become the first African government to recognize Bitcoin as legal cash. The Central African Republic’s Ministry of Finance and Budget, as well as the Ministry of Digital Economy, Postal Services, and Telecommunications, have presented a joint document that recognizes Bitcoin as…
In the daily rush for digital gold, more people are attempting to make money from cryptocurrencies. As a result of the insatiable demand for cryptocurrency, the number of criminals and con artists has also increased. The world appears to have gone ‘crypto-crazy.’ The popularity of digital currencies such as bitcoin, Monero, Ethereum, and even Dogecoin…
According to reports, the University of Johannesburg (UJ) intends to begin issuing degrees and certificates with blockchain security features to prevent fraud. According to Broad Media, the certificates will aid in the prevention of counterfeiting and the false representation of qualifications. UJ was among the first universities to begin providing digital certificates to students in…
The most well-known use of blockchain is to facilitate the emergence of digital currency. But did you realize that this technology has a plethora of other uses? Many large organizations and government bodies use it to improve their current business processes. That isn’t to say that only established businesses can benefit from blockchain technology. It…
Blockchain technology is being used in a wide range of industries, from IT to banking. But what exactly is it, and how should it affect the gambling industry? Here are some of the upcoming changes in online casino games, sports betting, and other forms of online gambling that we can anticipate. Gaming that is Provably…
Luno, a global cryptocurrency company, has launched an investment arm called Luno Expeditions, which will support early-stage fintech and cryptocurrency entrepreneurs and plans to make 200 to 300 investments per year. Luno, which has over nine million customers and operates in 43 countries across Africa, Southeast Asia, the United States (US), and Europe, makes it…
Ore Afolayan is a marketing, blockchain, and data analytics expert with a proven track record of success. In this exclusive interview with leading technology platform Technext, he reflects on his early days and discusses his challenges. His foray into those fields is intriguing. He began in marketing and later learned data analysis (Python) during the…
Bitmama becomes first African blockchain company to launch Physical Crypto Cards for in-store payments globally Leading blockchain company, Bitmama pioneers a new feature, Physical Crypto Cards for users in the African market. Lagos, Nigeria – Monday, Mar 8, 2022. Today, leading blockchain company Bitmama, announces its latest product – Physical Crypto Cards. This comes three…
By: Trust Onyekwere In today’s modern digital landscape, connectivity and security are crucial concerns for product-led companies. Blockchain and IoT Integration offers a comprehensive resolution by developing a decentralised and transparent ecosystem where systems can communicate and transact without the need for a third-party account. This intersection enables digital technology companies to unlock new stages of…
VALR.com, a South African cryptocurrency exchange, said today that it has raised $50 million (about R750 million) in Africa’s largest-ever cryptocurrency fundraising round. The company is now worth $240 million. Pantera Capital led VALR’s oversubscribed Series B equity funding round, which included Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, Avon…
Wicrypt, a Nigerian blockchain-based Wi-Fi sharing startup, plans to be active in five African countries this year after securing funding late last year. Wicrypt, which was founded in 2018, is a decentralized mobile internet sharing and monetisation network that allows anyone to be compensated for sharing their Wi-Fi. Users install the Wicrypt app on their…
Metaverse-based company Gamepay has launched an NFT marketplace for its first NFT and play-to-earn games project Chickey Chik and part of the proceeds from the NFT sale will be donated to the Ukrainian Red Cross. Founded by a team that is focused on democratising NFTs and bringing games to all areas of emerging economies, Gamepay…
DFS Lab and the Stellar Development Foundation (SDF) have opened applications for the second Blockchain Bootcamp for African startups, with prizes of up to US$20,000 in Stellar Lumens (XLM) awarded to the most promising solutions. The bootcamp is a virtual three-day design sprint that allows participating companies to answer critical business questions with hands-on technical…
VALR, a South African cryptocurrency exchange, has raised a US$50 million Series B funding round, valuing the company at US$240 million. The proceeds will be used to expand across the continent. VALR, which debuted in 2019, is a digital asset platform that allows customers to buy, sell, store, and transfer Bitcoin and 60 other cryptocurrencies…