Blockchain Archives - Cryptotimes Africa

Blockchain Brain Drain: Retaining Africa’s Brightest Minds in the Decentralized Technology Boom

by Dare Afolabi October 31, 2024

In the first half of 2024, blockchain captured 6.4% of Africa’s total venture funding and 12.5% of all deals—well above the global averages of 3.5% and 5.9%. With a global downturn in blockchain funding in 2023, African ventures raised $135.4 million, with a…

News

New Bitcoin-Cardano Bridge Just Launched

by 'Femi Michael October 25, 2024

There have been talks of expansion within the Cardano blockchain for several months. In line with the community’s expectations, EMURGO, the commercial arm of Input Output Global, has partnered with BitcoinOS to launch a bridge for the layer-1 network. Bridge Cardano and Bitcoin As uncovered…

Feature

Baby Doge Coin Pumps 200%

by 'Femi Michael October 15, 2024

Baby Doge Coin has been on a roll for four days straight, hitting $0.0000000028—the highest it’s been since March this year. This old-school meme coin is seeing some of its biggest gains since the bull run back in 2022. The spike? It’s…

Interview

Nigeria’s Blockchain Vision: 90% Digital Infrastructure Adoption Within a Decade

by Terry Kunle October 12, 2024

Obinna Iwuno, President of the Stakeholders in Blockchain Association of Nigeria (SiBAN), has expressed a bold vision for Nigeria's digital future. In an interview with CoinGeek Backstage, Iwuno predicted that within the next five to ten years, a significant 90% of Nigeria's…

Feature

Traditional banks and fintech: How Zone is bridging the gap – Yewande Adewunmi

by Terry Kunle October 9, 2024

The divide between traditional banks and fintechs in Nigeria is gradually closing up. From technology to regulation, a lot has happened over the years that have made both of them grow similar. However, there used to be a chasm between traditional banks…

Feature

SiBAN Leadership Crisis: A Setback for Cryptocurrency Advocacy in Nigeria?

by Terry Kunle September 16, 2024

The Stakeholders in Blockchain Association of Nigeria (SiBAN), a leading advocate for cryptocurrency recognition and regulation in Nigeria, is currently facing a significant leadership crisis. All executive members of the association have been expelled following allegations of misconduct and insubordination against the…

News

REPORT | Because to Clear Regulations, Seychelles accounted for the majority of venture capital funding given to African blockchain startups in 2023.

by Crypto Oracle July 18, 2024

In 2023, venture capital funding for blockchain firms in Africa was $135.4 million, a 72% decrease from the previous year [2022]. Ultimately, just 6.1% of the $2.2 billion raised that year [2023] went to businesses on the continent in the blockchain space;…

News

Jambo and Tether Expand to Solana to Provide Blockchain Mobile Technology to Developing Economies

by Crypto Oracle July 16, 2024

Jambo, the largest web3 mobile infrastructure connecting emerging nations to the blockchain, said today that it and Tether would be expanding to the Solana blockchain to provide emerging regions with blockchain-enabled banking and educational innovations. The JamboPhone, a $99 web3 smartphone, is…

News

900K users joined TonKeeper, the top TONNE blockchain wallet, in May 2024 alone, drawing in over 1.3 million users in Nigeria.

by Crypto Oracle July 11, 2024

The top wallet on the TONNE blockchain is TonKeeper, which lets users buy eSIM and gift cards with cryptocurrency in addition to providing staking services and private dApp browsing. According to Oleg Andreev, CEO of TONNE App, a directory of all the…

Feature

Blockchain and Web3 events in Africa

by Terry Kunle April 29, 2024

Africa is rapidly emerging as a hub for blockchain and web3 innovation, with a thriving ecosystem of entrepreneurs, developers, and investors driving growth and adoption across the continent. From cryptocurrency and decentralized finance (DeFi) to non-fungible tokens (NFTs) and the metaverse, the…