StarkWare launches $4M fund for African blockchain projects The fund looks to empower six to eight African blockchain startups yearly through grants, venture investments and accelerators.
South African startup 6DOT50 introduces crypto payment for car purchases 6DOT50 will allow its users pay for their automobiles directly with their cryptocurrency at 1400 locations in South Africa.
Naira-backed stablecoin cNGN debuts on local exchanges As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.
Kenyan crypto group submits policy proposals to regulators VACC touted a review of the digital asset tax to the Kenyan technical working group on virtual assets regulations as part of its recommendations.
African payments company, Accrue, raises $1.58 million The Africa-focused cross-border payments company plans to expand its product offerings to other African countries and grow its staff.
SARB governor opposes crypto lobbyists influencing government decisions Kganyago is unmoved by calls for government-owned bitcoin reserves, claiming the cryptocurrency is no different from apples and beef.
Crypto crime proceeds valued at $40.1 billion in 2024—Chainalysis The figures are expected to rise much higher and cross the $51 billion threshold as crypto crimes become more sophisticated and professional.