Web3 Africa | Blockchain, Crypto & Web3 News Across Africa

Crypto.com Expands Global Operations Through Strategic Standard Chartered Banking Partnership

KenMichaelsSeptember 3, 2024August 28, 202509 mins

TL:DR, Crypto.com and Standard Chartered have collaborated in the UAE to offer Global Retail Services that enable seamless deposits and withdrawals of more than 250 cryptocurrencies. UAE’s supportive regulatory framework positions it as a hub for innovation in crypto banking and digital asset services. This partnership connects traditional banking with cryptocurrency, providing real-time transactions while…

Bitmama Expands Payment Solutions Across Eighteen African Countries Successfully

KenMichaelsSeptember 3, 2024August 28, 202508 mins

TL:DR, Bitmama and MANSA have joined forces to revolutionize cross-border payments across 18 African nations by providing enhanced liquidity and blockchain solutions. Nigerian cryptocurrency exchange Bitmama announces a strategic alliance with blockchain payment provider MANSA to expand multi-currency services and cater to Africa’s expanding Web3 community. MANSA will provide liquidity infrastructure in support of Bitmama’s…

July NFT Sales Plummet Across Major Blockchain Platforms

KenMichaelsAugust 19, 2024July 29, 202608 mins

TL:DR, July’s NFT market report displays a 36.6% decrease to $429.46 million with Ethereum leading sales despite 40.75% drop-off, and buyer activity declining 46.24% across major blockchain platforms. Solana NFTs showed resilience with only 6.97% decrease, in stark contrast with Bitcoin’s sharp 51.26% drop, as high-value sales decreased significantly after previous months’ million dollar transactions….

Two Artists Sue SEC Demanding Clear NFT Security Status

KenMichaelsAugust 19, 2024January 23, 202609 mins

Two artists are suing the SEC in a landmark case that could reshape NFT regulation. Law professor Brian Frye and filmmaker Jonathon Mann argue digital art should be treated like Taylor Swift concert tickets, not securities. Following the SEC’s Impact Theory enforcement, their lawsuit demands clarity: will artists face regulatory burdens or creative freedom in selling NFTs?

South African Crypto Regulation Advances While Tax Mechanics Remain Abstract

KenMichaelsAugust 16, 2024July 30, 2026010 mins

TL;DR, SARS crypto tax compliance remains unclear despite 138 approved crypto asset service providers out of 383 applications, with authorities prioritizing enforcement over clarifying abstract taxation rules. Contrary to what many South African traders think, crypto taxation triggers happen right away when assets are exchanged, even if they don’t change into fiat currency. As South…

Nigerian Crypto Community Demands Better Regulations During Governance Protests

KenMichaelsAugust 16, 2024July 29, 202609 mins

TL;DR, Nigerian crypto community demands comprehensive crypto reforms during #EndBadGovernanceInNigeria protests, while government points to existing blockchain policy progress. Industry leaders debate whether current government blockchain efforts are sufficient, pushing for faster VASP regulation implementation. Nigeria’s blockchain leadership faces pressure as communities seek government collaboration for comprehensive development frameworks beyond trading. After the ongoing #EndBadGovernanceInNigeria…

NHS Pilots Breakthrough AI System Detecting Hidden Heart Inflammation

KenMichaelsAugust 16, 2024August 30, 202509 mins

TL:DR, AI heart attack detection technology finds hidden coronary inflammation, which raises the risk of dying from heart disease by 20–30 times over 10 years at five NHS pilot sites. The AI model identifies inflammation not visible on traditional CT scans, offering a groundbreaking approach to heart attack prevention. A pilot project supported by NHS…

Cassava Technologies CEO Announces Major AI Expansion Strategy Plans

KenMichaelsAugust 16, 2024July 29, 202607 mins

TL;DR, Cassava Technologies has launched a dedicated AI unit to provide advanced AI services across Africa and other emerging markets. The new unit offers services, including data center operations, cloud solutions, cybersecurity, fiber connectivity, and renewable energy. Pan-African tech company establishes London-based AI division led by Ahmed El Beheiry, targeting businesses across Africa, Middle East, and Latin America with advanced AI solutions. Cassava Technologies, an African tech and data service company, has joined…

Game Developers Face Uncertain Future with AI Automation Threats

KenMichaelsAugust 5, 2024July 29, 2026010 mins

TL;DR, AI in game development revolutionizes content creation and automation but raises job displacement and environmental concerns. AI automates repetitive gaming tasks while developers worry about job security and creative roles shifting. The industry must balance AI efficiency with human creativity through collaboration and reskilling programs. AI is the next evolution of tech, and now…

OKX Exchange Exits Nigeria Due to CBN’s Strict Regulatory Pressure

KenMichaelsAugust 3, 2024July 29, 202609 mins

TL;DR, OKX exchange officially exits Nigeria on August 16, 2024, due to increasingly restrictive CBN crypto regulations affecting the entire ecosystem. Nigerian users must close all trading positions and withdraw assets before the midnight deadline as regulatory pressure forces another major exchange departure. The exit follows similar regulatory challenges faced by Binance, highlighting Nigeria’s shifting stance…

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