August 5, 2026
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Tag: #Web3

cross-border-payments-bitmama

Bitmama Expands Payment Solutions Across Eighteen African Countries Successfully

KenMichaels08 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…

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NAS3O4TPLZKGNPAMGG7XS4OHFU

July NFT Sales Plummet Across Major Blockchain Platforms

KenMichaels08 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….

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okx-exchange-exits-nigeria

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

KenMichaels09 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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blockchain-funding

Two Nations Dominate Continental Blockchain Venture Capital Funding

KenMichaels08 mins

TL;DR, Seychelles raised $100 million for six projects in 2023, while South Africa raised $29 million, demonstrating how adequate blockchain funding is aided by regulatory certainty. Two nations with clear laws attracted the most investment in Africa, according to the CVVC study, while 12 countries banned cryptocurrency and 36 had unclear regulations. African blockchain entrepreneurs…

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Dubai-Customs

Dubai Customs Eliminates Trade and Supply Chain Frictions via New Blockchain Platform

KenMichaels08 mins

TL;DR, Dubai Customs has launched a blockchain platform to streamline supply chain management and reduce documentation load. The blockchain implementation enables real-time goods tracking, immutable records, and enhanced security while eliminating intermediaries and reducing fraud in trade operations. This strategic move positions Dubai as a global trade hub, attracting international businesses through improved efficiency, transparency,…

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crypto-startups-distribution

Alliance DAO Data Reveals Africa’s Growing Crypto Startup Influence

KenMichaels08 mins

TL;DR, Crypto startups are shifting globally with Europe leading at 31.4%, US/Canada at 29%, Asia at 26.8%, and Africa showing promising 5.2% growth amid US regulatory uncertainties.  African crypto ventures focus on practical financial solutions rather than speculative value, addressing local market challenges like high transaction costs and inflation.  Alliance DAO data reveals declining Big…

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cvvc-blockchain-venture-funding-report

Twelve African Blockchain Startups Secure Millions in Venture Funding

KenMichaels08 mins

TL;DR, African blockchain venture funding reached $34.7 million across 12 startup deals in 2024, with the continent outpacing global markets by accounting for 6.4% of all venture funding and 12.5% of total deals. Nigeria and Seychelles dominated the African blockchain investment landscape with 10 combined deals, while success stories like Scroll’s $50 million raise and…

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Nigerian-senate

Senate Warns Unclear Crypto Stance Crushing Naira Against Global Currencies

KenMichaels09 mins

TL;DR, The Nigerian Senate committee urged immediate crypto regulation establishment, warning that unclear policies are crushing the Naira. The Senate proposes a unified framework to align the CBN and SEC, promote local crypto exchanges, and adopt blockchain tech. New SEC director-general Emomotimi Agama pledged to transform Nigeria’s capital market following Senate warnings that regulatory confusion…

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varl-exchange

VALR Platform Gains Dual Crypto License for Advanced Trading Services

KenMichaels08 mins

TL;DR, VALR Exchange secures dual crypto license from South Africa’s FSCA, obtaining both Category I and II approvals.  With new FSCA approvals, VALR joins South Africa’s first wave of regulated exchanges, boosting trust and credibility for 5.8 million crypto users. VALR’s regulatory milestone allows advanced crypto services including discretionary strategies and product wrappers, though compliance…

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fsca-crypto-license

First FSCA Crypto Licenses Issued to Luno, an Exchange and Zignaly, a Decentralized Social Platform

KenMichaels08 mins

TL;DR, Among the first batch to receive South Africa’s crypto license include Luno, South Africa’s top crypto exchange, and Zignaly, a decentralized social investing platform. Zignaly obtained a Category 2 discretionary FSP license listed on the FSCA registry under Merritt Administrators PTY LTD. Since June 2023, the FSCA has been accepting licensing applications, attracting over 230…

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