TL;DR, Africa’s crypto economy surged 52% to $205 billion, ranking third globally as stablecoins provide inflation protection amid currency volatility. Nigeria leads with $92.1 billion in crypto flows, while peer-to-peer platforms replace expensive traditional remittance services. Institutional adoption grows as South African banks offer digital assets and Nigerian regulators partner with Chainalysis for transparency. Africa’s…
TL;DR, Circle Ventures funding backed CV VC’s African Blockchain Fund with $20 million as Africa’s crypto economy grew 52% with stablecoins comprising 43% of the market. African blockchain startups are shifting from hype to utility-focused solutions, with 70% providing localized stablecoin use cases for payments and remittances. The partnership signals Africa’s emergence as a serious…
TL;DR, The Hedera hackathon 2025 prize pool doubled to $2M with UGFS North Africa’s investment. Africa’s largest blockchain competition combines $2M in prizes with extensive developer training through 100+ university partnerships, focusing on practical solutions for finance, sustainability, identity, and gaming applications. The expanded hackathon program offers Hedera network certification, technical workshops, and hands-on guidance…
TL;DR, A deepfake crypto scam targeted Kenya’s Ex-Prime Minister Raila Odinga’s verified X account to promote a fake Kenya Token, attracting 1,620 Telegram members before being exposed as fraud. The sophisticated scam followed patterns seen in Tanzania where billionaire Mohammed Dewji’s account was similarly compromised, raising $1.48 million through deepfake. Kenya’s upcoming Virtual Asset Service…
TL;DR, Luno introduces tokenized stocks in South Africa and Nigeria, allowing investors to access US equities through blockchain technology with lower barriers to entry. African investors can now purchase fractional shares of major US companies through Luno’s platform, bypassing traditional forex complications and high fees. The new tokenized stock feature offers 24/5 access, instant settlement,…
TL;DR, Kredete secured $22M Series A funding to take its stablecoin credit card services to the next level, serving 700,000+ monthly users across 30+ African countries with $500M+ in cross-border remittances. AfricInvest, Partech, and Polymorphic Capital funded Kredete’s expansion plans, bringing total funding to $24.75M since 2023 as the platform becomes Africa’s largest payment aggregation…
TL;DR, The CBN compliance department launched in Q1 2025 addresses Nigeria’s 45% surge in fraud incidents and $2 million in flagged suspicious cryptocurrency transactions through specialized financial crime supervision. Nigeria’s Central Bank restructured its regulatory framework to tackle cybersecurity vulnerabilities and digital asset risks through dedicated compliance oversight across all financial institutions. CBN mandates ISO…
TL;DR, Yellow Card becomes core Fireblocks’ $10 trillion stablecoin payment network, connecting Africa’s $53 billion transaction volume to enterprise-grade infrastructure with unified APIs and global reach. The partnership transforms Yellow Card’s manual processes into automated, secure systems while positioning Africa as a proving ground for blockchain’s real-world financial impact. Fireblocks’ network spans 100+ countries supporting…
In Brief Circle launched the Circle Gateway on August 19th to address stablecoin fragmentation. BlockRadar integrated this product into its infrastructure for better USDC management. BlockRadar’s upgrade improves treasury management, automating processes across multiple chains. On Tuesday, August 19th, Circle officially launched its Circle Gateway within its mainnet. The product offering tackles…
In Brief Fintech solutions in South Africa are driving inclusion with affordable payment systems, blockchain integration, and stablecoin adoption. Startups like Tata-iMali, TurnStay, Sticitt, and UsPlus are solving sector-specific problems—from informal trade to travel, education, and SME financing. The rise of localized, low-cost platforms is reducing fees, boosting efficiency, and opening access to underserved communities…
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