'Femi Michael, Author at Cryptotimes Africa

Google’s New Initiative Aims

by 'Femi Michael August 22, 2023

Google launches "AI First Accelerator" to empower African startups with $350k in Cloud Credits. African startups harness AI to tackle local challenges, supported by Google's expertise. "AI First" program highlights African-driven solutions and fosters innovation in AI landscape. Google has introduced the…

Coins News

Coinbase and Circle will persist in reaping profits from the interest accrued on reserves of USDC

by 'Femi Michael August 22, 2023

Coinbase Global has revealed its plans to secure an ownership share in Circle Internet Financial, a prominent player in the cryptocurrency realm. Simultaneously, the collaborative endeavour known as the Centre Consortium, responsible for overseeing the stablecoin USD Coin (USDC), will be disbanded.…

Coins Industry

Kenya forms parliamentary committee to investigate Worldcoin

by 'Femi Michael August 22, 2023

The controversial crypto project’s launch has been marred into controversy, and it’s already facing investigations in nearly half a dozen countries. The Worldcoin cryptocurrency project has run into another roadblock — this time in Kenya, where the government has formed a 15-member parliamentary committee…

Coins Industry News

Islamic Coin: Web3 Advisor Appoints and Token Sales Announcement

by 'Femi Michael August 22, 2023

Islamic Coin, a Shariah-compliant, ethics-first, digital money that has been featured globally, has announced it is working with Republic Crypto, the web3 advisory group within global digital finance leader, Republic. The collaboration includes white-glove support to promote Islamic Coin’s go-to-market strategy, along…

Coins News

Bitcoin, Binance Coin correlation hits record 98%

by 'Femi Michael August 22, 2023

An intriguing observation from the crypto world highlights the significant correlation among prominent cryptocurrencies: Bitcoin and Binance Coin (BNB) have registered a striking correlation of 98% over the past year — an all-time high. As Bitcoin, the market-leading cryptocurrency, saw its value…

Industry News

Web3 and AI: Dubai Announces Subsidies

by 'Femi Michael August 21, 2023

Dubai is offering discounted licenses to Web3 and AI companies that want to operate within its borders. The Dubai International Financial Centre and its campus will be responsible for paying 90% of the fees associated with obtaining these licenses. This move is…

News

Measured in bitcoin, SA house prices have fallen off a cliff

by 'Femi Michael August 21, 2023

Prices have dropped to less than a 20th of the cost of six years ago. It’s a fun exercise to do every year or so: measuring the cost of South African housing in rands versus bitcoin (BTC). The graph below tells the…

Coins News

The Rise of Cryptocurrency Adoption in South Africa

by 'Femi Michael August 21, 2023

Cryptocurrencies have gained significant popularity in South Africa, with many South Africans buying, selling, and trading digital currencies like Bitcoin, Ethereum, and XRP. According to market-leading crypto asset providers, the scale of cryptocurrency adoption in the country is substantial. For example, Luno,…

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Nigeria adopts blockchain to fight certificate forgery in NYSC

by 'Femi Michael August 20, 2023

Home » Business » Nigeria adopts blockchain to fight certificate forgery in National Youth Service Corps Nigeria plans to leverage blockchain technology to issue certificates to graduates of its National Youth Service Corps (NYSC), the country’s IT development head recently revealed. Kashifu Inuwa Abdullahi, the Director General…

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AfriLabs expands to new countries

by 'Femi Michael August 19, 2023

AfriLabs, the largest pan-African association of innovation enablers, has announced its expansion to the Kingdom of Eswatini and five new African cities. The additions include Matsapha, Zanzibar, Baidoa, Ota, and Musanze. This expansion is a significant milestone for AfriLabs and will help…