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MILESTONE | Bitcoin Hits One Billion Transactions Post 2024 Halving
The Bitcoin network reached a major milestone by processing its one billionth transaction on May 5, 2024, reflecting its efficient handling of an average of 178,475 transactions daily since its inception in 2009.
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PARTNERSHIP | Jambo and PixelVerse Unite to Bridge Web3 Gaming and Mobile Access in Emerging Markets
Jambo, the pioneering force behind Web3 mobile infrastructure aimed at empowering emerging markets, has announced a strategic collaboration with PixelVerse, a trailblazing Telegram-based gaming platform that has engaged over 100 million visitors with its unique Web3 game. This partnership
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[WATCH] Introducing The Green Africa Mining Alliance of Africa (GAMA)
The new Green Africa Mining Alliance of Africa (GAMA) has officially launched on the sidelines of the Africa Bitcoin Conference 2022 held in Accra, Ghana.
The association is an initiative by Gridless, an East African bitcoin mining startup which recently raised $2 million led by Jack Dorsey’s
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MILESTONE | Safaricom Becomes First Company to Hit $1 Billion in East Africa with M-PESA Contributing Over 40% Revenue
Safaricom achieved over $1 billion in earnings for its Kenyan operations in 2023/2024, with a total EBIT of KES 139.9 billion. The company noted strong growth in its M-PESA service and positive momentum in Ethiopia despite facing challenges.
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MILESTONE | Tether [$USDT] Reports Record Breaking $5.2 Billion in Profits in First Half of 2024
Tether reported a record $5.2 billion profit in H1 2024, with a net operating profit of $1.3 billion in Q2. Their U.S. Treasuries holdings reached $97.6 billion, while Bitcoin reserves decreased to $4.73 billion. Tether is focusing on strategic investments in diverse sectors for future resilience.
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REGULATION | Kenyan Police Reportedly Raid WorldCoin Offices, Confiscate Equipment and Data
Law enforcement in Kenya raided a WorldCoin warehouse, seizing documents and machines linked to user data, prompting the suspension of the company's operations due to privacy concerns and lack of legal registration in the country. WorldCoin aims to address regulatory questions and intends to resume its services.
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CBDC | Blockchain Solutions Platform, Gluwa, Meets Vice President of Ghana as it Explores Providing Adoption Support for the eCedi CBDC
Gluwa's CEO, Tae Oh, met Ghana's Vice President to discuss tech solutions for financial inclusivity, focusing on the country's CBDC development and a satellite-based ISP to enhance digital access. Gluwa is also collaborating on Nigeria's eNaira and exploring a CBDC for Liberia.
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FUNDING | Qala, the Bitcoin Developer Initiative for African Developers, Becomes First African Acquisition by BTrust
Qala has been acquired by Btrust to enhance Bitcoin development in Africa. Rebranded as Btrust Builders, the program aims to leverage financial resources and structured training to cultivate African Bitcoin engineers, addressing funding challenges faced by Qala.
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Conflux Network Partners with China Telecom to Pilot Blockchain-Enabled SIM Card in Hong Kong
Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot pr
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Cardano-Funded Kenyan Fintech, Pezesha, Gets a Digital Lending License to Operate in Uganda
Pezesha, a digital lending platform for MSMEs in Kenya, is now licensed to operate in Uganda after raising $11 million for expansion. It aims to impact MSMEs with affordable financial services and partnerships, leveraging its credit scoring API and DeFi liquidity from Cardano.
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USE CASES | Sony to Create Web3 Services on ‘Soneium’ – an Ethereum Layer 2 Blockchain – for People Who Have Never Used Web3 Services
Sony Block Solution Labs has introduced 'Soneium,' a public blockchain designed to enhance Web3 services by integrating existing Sony technologies. The platform aims to empower creators and increase user engagement through decentralized applications, NFTs, and gaming while addressing industry access barriers.
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FUNDING | UK Fintech, ZEPZ (Formerly WorldRemit), Raises $267 Million to Pursue Expansion in Core African Markets
ZEPZ, the parent company of Sendwave, raised $267 million to expand in Africa and beyond. Founded by Ismail Ahmed, ZEPZ became the UK's first black-founded fintech unicorn in 2021. The firm is exploring growth opportunities in a fragmented remittance market.
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REGULATION | Nigerian Politician Arrested in Connection with Patricia Exchange Security Breach
The Nigeria Police Force has arrested Wilfred Bonse for allegedly laundering funds stolen from Patricia Technologies, involving over 200 million Naira in a complex fraud case. The company, facing backlash since May 2023, is working to refund affected users.
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[WATCH] We Want to Build A Web3 WeChat for Africa – A Chat with Co-Founder, Jambo
Jambo, a Web3 startup in Africa founded by James Zhang, has raised $37.5 million to develop a super app similar to WeChat, incorporating a native token for its ecosystem and focusing on user education for adoption and growth.
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2025 RECAP | Africa-Founded Stablecoin Startup, Blockradar, Crosses $300 Million in Transaction Volume With ~100,000 Wallets Created in 2025
Blockradar achieved over $305 million in transaction volume in 2025, marking a pivotal shift in stablecoin payments for emerging markets. It successfully expanded globally, launched a key partnership with Circle, and gained recognition for its innovative infrastructure.
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