Ethereum ecosystem support program gives out $13 million in Q3
At least five African companies benefitted from the latest batch of the ecosystem grant allocation from Ethereum.
Business
Verda Ventures partners with Opera to launch $40 million MiniPay fund
The fund will support Web3 startups to build products around Opera’s MiniPay wallet.
CV VC hires former KPMG and Deutsche Bank employee to lead African investments
Jarryd Kennedy is expected to lead the venture capital firm’s fundraising for an Africa-focused investment fund.
Ethiopia Earns $55 Million from Bitcoin Mining Deals in 10 months
The East African country wants to position itself as a global bitcoin mining hub with hundreds more megawatts of power to be made available for bitcoin miners in the country.
Kotani Pay Expands its services to Rwanda and Uganda
The expansion brings the Kenya-based fintech’s presence to six African countries.
Tether stablecoin sees increased usage in Africa since January — Chainalysis
This development confirms the growth in the USDT-dominated stablecoin market in Africa since 2022.
Baxi, FairMoney, and KongaPay join Zone’s decentralized payment network
These fintechs follow the steps of other notable Nigerian tradfi banks in implementing Zone’s blockchain-based payments processing network