TL:DR, The Paxful shutdown affects 14 million users in 140+ countries; withdraw funds before November 1, 2025 to avoid losing access. Closure stems from historic misconduct by former executives plus mounting legal and compliance remediation costs that made operations unsustainable. The exchange’s collapse was caused by massive legal and compliance costs stemming from…
TL;DR, A $5.5B uganda cbdc pilot targets 40M users, 1M jobs, and up to $10B in exports via a USSD-enabled digital shilling. Unlike struggling CBDCs like Nigeria’s eNaira, Uganda’s model is “production-first,” giving citizens and industries an immediate reason to use it by integrating it into supply chains and job creation from day…
TL;DR, Antugrow secured a spot in 500 Global’s accelerator, a major step to refine its strategy, attract investors, and expand its innovative agricultural finance model beyond East Africa. The company standardizes co-op records, issues anonymized NEAR-based IDs, and matches farmers to DeFi liquidity via Base and UTU—cutting risk, fees, and time-to-credit. With Base…
TL;DR, Africa hit $25B in on-chain transactions in March as blockchain in africa accelerates low-fee, transparent remittances and access despite infrastructure gaps. Stablecoins like RLUSD, CBDCs such as eNaira, and a $15M Lisk fund are delivering faster settlements, inflation protection, and real inclusion across key markets. Regulators are adding licensing and taxes while AI tools…
TL:DR, Kenya VASP Bill clears third reading; existing providers get six months to apply, with VASP fines up to $154,000 and individuals facing up to 10 years. The bill establishes a “twin-pillar” regulatory model, appointing the Central Bank of Kenya (CBK) and Capital Markets Authority (CMA) as joint regulators to oversee all crypto…
TL;DR, Nigeria’s new crypto tax takes effect January 2026, targeting $92.1 billion in annual transactions with a 15% tax on gains above ₦800,000. Individual traders must self-report crypto profits while VASPs face strict record-keeping requirements, periodic transaction reporting, and potential license revocation for non-compliance. Fast-moving regulation (ban lifted, securities classification, CNGN push) aims to formalize…
TL;DR, The Lisk EMpower Fund is tapping into Africa’s booming on-chain economy, which saw $205 billion in value move in one year, by funding startups that solve real problems. Lisk’s Ethereum-compatible L2 and JavaScript SDK cut costs and complexity, giving local builders in Africa, Southeast Asia, and LATAM a scalable Web3 path. A local-first playbook (grants, regional…
TL;DR Bybit and Tether’s South African crypto scholarships run Oct 2–Nov 7, offering a $3,000 top prize and 50 total awards. Applicants submit a short video, share it on social, and compete for weekly picks, making the program accessible while spreading blockchain literacy. Through initiatives like the Bybit Rising Fund and Tether Edu, both are…
TL;DR, BlockchainHub Africa launched a physical blockchain incubation hub in Enugu State on October 4th, endorsed by Nigeria’s government to train developers in DeFi, digital identity, and supply chain solutions. The physical hub combines hands-on training, coworking, mentorship, and investor access to accelerate globally competitive Web3 solutions. With clearer rules and interest from Solana, Lisk,…
TL;DR, Lisk has launched the $15M Lisk Empower Fund to invest in 40 Web3 startups, capitalizing on emerging markets that deliver 9-11% annualized returns traditional VCs often overlook. The fund focuses on startups providing real-world utility in areas like payments and supply chains, offering checks from $250k to $750k and hands-on advisory to prepare them for global…
You must be logged in to post a comment.