BitKE

Gluwa's CEO, Tae Oh, met Sierra Leone's Vice President to discuss collaboration for enabling citizens to engage in the global digital economy through advanced mobile money systems. Gluwa aims to enhance financial inclusion in Africa by integrating its technology with local CBDCs.

The Central Bank of Nigeria has launched its regulatory sandbox to foster innovation in financial services. It invites submissions from licensed financial institutions and non-regulated tech companies to test novel financial solutions under regulatory oversight, aiming to enhance accessibility and efficiency in the sector.

Google has selected six South African startups for its 2024 ‘Google for Startups’ Accelerator Africa: Black Founders Programme, providing each up to R1 million in funding, Google Cloud credits, and mentorship to support business growth and digital transformation.

M-PESA offers $55 million in daily credit with a low non-performing loan rate, focusing on customer financial health through purpose-driven debt. It has evolved from addressing money transfer issues to supporting corporate financial solutions and fostering partnerships for future growth.

Galaxy Digital Holdings is launching Galaxy Ventures Fund I LP with a $100 million commitment to support early-stage cryptocurrency startups, allocating over $1 million to each of up to 30 companies over three years. This initiative comes amid a rise in funding for crypto ventures, although overall investment has decreased significantly from the previous year.

Circle has launched the Circle Payments Network (CPN) to transform cross-border payments using regulated stablecoins like $USDC. Set for a limited release in May 2025, CPN connects diverse financial institutions for real-time settlements, enabling various payment use cases and enhancing global transactions, especially for African enterprises.

TRM Labs has launched an AI-powered program to aid cryptocurrency investigators in tracking illicit activities. By enabling natural language queries for complex blockchain data, the system streamlines investigations, addressing the increasing scale of crypto crime.

Aave has achieved significant growth, now representing 20% of the DeFi ecosystem’s total value locked at over $24 billion. Its token AAVE surged 90%, reflecting the broader DeFi rebound as institutional interest and mobile use cases drive engagement, particularly in emerging markets.

The United States Securities and Exchange Commission (SEC) has filed a suit against MetaMask parent company, ConsenSys, alleging that the company ‘acted as an unregistered broker of crypto asset securities through its MetaMask Swaps service.’

“Since January 2023, ConsenSys has engaged in the unr

AlphaBloq Technologies Limited has been admitted to Kenya's Capital Markets Authority Regulatory Sandbox to test its blockchain-enabled real estate tokenization platform for 12 months, aiming to promote affordable real estate investment.