Web3 Archives - Cryptotimes Africa

How Web3 Can Power Financial Inclusion Across the Continent

by Dare Afolabi November 8, 2024

In a continent where financial services often elude a significant portion of the over 350 million unbanked adults, Web3 technologies can offer practical solutions to age-old financial barriers. According to the World Bank, approximately 57% of Africa's population lacks access to…

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Central Banks Are Secretly Mining Crypto Currencies

by 'Femi Michael October 24, 2024

It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here’s why: Hedging Against Their Own Policies Nearly all countries are up to their ears in debt. Since austerity measures are not politically acceptable, they must find other…

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Bitget Wallet Jumps to Second Spot in Crypto App Rankings

by 'Femi Michael October 15, 2024

In September, Bitget Wallet experienced a surge with 6 million downloads, becoming the second-most downloaded crypto app in the Web3 space. Key Notes The Bitget wallet also registered a 100% user growth globally since March 2024, reaching 40 million new users in…

Industry News

Web3, Africa dominates it’s adoption as it outpaces the West

by 'Femi Michael October 15, 2024

A report published by EMURGO Africa and PwC revealed that Web3 technologies are being adopted more widely in Africa. A separate report by EMURGO Africa emphasized that Big Tech companies actively contributed to the widespread adoption of Web3 technologies throughout the continent. …

Article

Nigeria’s Crypto Market: A Double-Edged Sword

by Terry Kunle September 17, 2024

Despite facing regulatory hurdles and economic challenges, Nigeria remains a cryptocurrency powerhouse in Africa. The country's young and tech-savvy population, coupled with a rapidly growing economy, has fueled a surge in interest and adoption of digital assets. A Global Leader in…

New Bitcoin-Cardano Bridge Just Launched

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LIST | The Top 5 Web3 Wallet Platforms That Are Challenging Metamask for the Lead

by Crypto Oracle July 28, 2024

The likelihood is that if you frequently use Ethereum blockchain apps, you've encountered MetaMask. Any digital asset generated on Ethereum can be stored using MetaMask, which is free and open-source. Additionally, MetaMask is compatible with a large number of Web3 applications that…

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FUNDING | South African Fintech, TurnStay, Raises $300,000 from Web3 Investors, DFS Lab and DCG, After Processing Over $30 Million

by Crypto Oracle July 22, 2024

Fintech company TurnStay, based in South Africa, has raised $300,000 (more than R5.4 million) from investors DFS Lab and Digital Currency Group, based in Silicon Valley and New York. The company intends to build on the considerable traction already attained and use…

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LIST | Canza Finance Is the Only Project From Africa to Be Selected for the First-Ever CoinMarketCap Labs Accelerator Programme

by Crypto Oracle July 19, 2024

CoinMarketCap has announced the selection of Canza Finance as an incubatee of its new CMC Labs accelerator program making it one of a handful of companies selected for the program. CMC Labs is CoinMarketCap’s Web3 startup accelerator program, aimed to link builders…

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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…

Industry News

LAUNCH | Unstoppable Domains Opens First Tokenized “.com” Domain Buy and Sell Marketplace

by Crypto Oracle July 4, 2024

Leading distributor of Web3 domains and digital identities, Unstoppable Domains, has announced the opening of the Unstoppable Marketplace for Web3, which will allow users to easily list and purchase a variety of Web3-enabled domains. This is the first time tokenized ".com" domains…