Powel, Author at Cryptotimes Africa

Kenyan Crypto Fintech, HoneyCoin, Rebrands to Peer, an International Financial Super App for Consumers

by Powel January 30, 2024

The rebranded app will also let users off-ramp their digital dollars, thanks to a partnership with MoneyGram. Kenyan fintech startup, HoneyCoin, has rebranded its consumer software application, which is now called Peer, described as ‘the everything app’ for users ‘anywhere in the…

NFT

NFT Giant OpenSea Keeps Options Open for Potential Acquisition

by Powel January 29, 2024

The collapse of the non-fungible token (NFT) market last year dealt a blow to OpenSea, raising questions about its once staggering $13.3 billion valuation. Now, the popular NFT marketplace is at the center of acquisition discussions, with CEO and co-founder Devin Finzer expressing…

Coins

Top cryptocurrencies to watch this week: MANTA, SHIB, FTT

by Powel January 29, 2024

Manta Network (MANTA), Shiba Inu (SHIB), and FTX Token (FTT) are among the top cryptocurrencies to command considerable attention this week. Manta is currently trading at $3.54. Shiba Inu, $0.0000091342 FTT, $2.80 MANTA, SHIB and FTT prices – Jan. 28 | Source:…

News

Crypto Owners Globally Grew By Over 34% to 580 Million in 2023 Despite Macro Headwinds

by Powel January 28, 2024

The number of Bitcoin (BTC) owners surged by 33%, escalating from 222 million in January 2023 to 296 million in December 2023. Simultaneously, Ethereum (ETH) witnessed a 39% increase in ownership, rising from 89 million to 124 million over the same timeframe.…

Coins

Solana’s WEN memecoin nears $100m market cap following launch

by Powel January 28, 2024

Following other Solana memecoins, WEN aims to immortalize a popular part of a crypto culture centered on timelines and milestones. The WEN token skyrocketed over 4,000% from launch on Jan. 26, racing above a $50 million market capitalization less than 12 hours…

Bitcoin

BitcoinOS Unveils ‘Superlayer’ Protocol, Introducing Rollups to Enhance Bitcoin

by Powel January 27, 2024

A new platform named BitcoinOS aimed at bringing Bitcoin into the decentralized finance (DeFi) landscape has been introduced by a team of blockchain developers at Sovryn. The platform, which the developers describe as an “operating system” for Bitcoin, utilizes “sovryn rollups,” creating a foundational…

Bitcoin

New Bitcoin Tool Enables Paywalls and Subscriptions With BTC: Here’s How It Works

by Powel January 27, 2024

Crypto developers just dropped a new tool that lets creators monetize their content with Bitcoin (BTC) – and it’s a lot more flexible than fiat-based competitors. Built by programmers Pierre Corbin and Hugo Ferrer, Bitcoin payment gateway “Flash” brings subscriptions, paywalls, and…

Startups

TechStars and ARM Labs Select 12 Startups in Cohort 2 of its Accelerator Program in Nigeria

by Powel January 26, 2024

This cohort includes startups from Ghana, Nigeria, and East Africa, featuring four teams with at least one female co-founder. Each participating startup receives funding of up to $120,000, along with access to over $400,000 in cash equivalent resources covering hosting, accounting, and…

News

South African Regulator Expects to Determine Fate of 50 Crypto License Applications in ‘Coming Weeks’

by Powel January 26, 2024

The head of enforcement at South Africa’s financial industry watchdog said on Jan. 24 that he expects the organization to decide the fate of 50 crypto firms’ license applicants in the coming weeks. The watchdog stated that from the more than 100…

Feature News

Coinbase introduces non-custodial crypto wallets creation

by Powel January 25, 2024

Cryptocurrency exchange Coinbase has introduced a new generation of Wallet-as-a-Service. According to the platform’s Jan. 23 announcement, the embedded wallet service will be an enterprise-grade solution based on Coinbase’s Wallet-as-a-Service technology, allowing developers to create non-custodial crypto wallets. “Secured by advanced MPC…