Naira-backed stablecoin cNGN debuts on local exchanges
As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.
Business
Africa Tech Summit unveils 55 finalists for inaugural awards
The winners will be announced on February 13th at the Africa Tech Summit Nairobi, a two-day event bringing together over 2,000 industry leaders and 1,000 companies.
African payments company, Accrue, raises $1.58 million
The Africa-focused cross-border payments company plans to expand its product offerings to other African countries and grow its staff.
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.
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.