🟠 Circle backs CV VC’s $20M African Blockchain Fund

Plus: 🌍 USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund 🇳🇬 Experts call Nigeria’s crypto tax regime “progressive”
Funding — coverage and analysis.

Plus: 🌍 USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund 🇳🇬 Experts call Nigeria’s crypto tax regime “progressive”

Circle joins the Swiss-based venture capital firm to invest in early-stage African blockchain companies over a period of ten years from 2022.

Plus: 🌍 Coinbase-backed Onboard 3.0 attracts 10k users two months after launch; 🇳🇬 Kredete raises $22 million to fuel expansion efforts

The firm wants to launch a host of new products and expand into new markets.

The company announced that the new capital will be used to accelerate HoneyCoin’s scaling plans, expand its product suite, hire senior talent and strengthen compliance and licensing capabilities.

The capital injection is to help Cr3dentials raise revenue and solidify its upcoming pilot programs.

Nigeria saw the most deals done, but Seychelles maintained top spot in terms of deal value.

Plus: 🇰🇪 31% of Kenyan banks are warming up to crypto — CBK

The cohort marks Africa’s strongest showing yet — and comes as ecosystem grants increasingly serve as early-stage capital for blockchain startups navigating a tougher post-FTX funding climate.

The company stood out among 11 international crypto startups, securing $1.2 million in soft commitment funding along with additional prizes.

Damilare Aregbesola, Coinbase’s new West Africa lead, wants to help African builders go beyond hackathons — unlocking funding, mentorship and real distribution paths to global success.

The Jack Dorsey-founded nonprofit awarded these grants to four African Bitcoin events and conferences of the ten beneficiaries.

The report dubbed the Nigeria Web3 Landscape Report says 3% of global blockchain developers are in Nigeria.

For Minipay, stablecoins aren’t just a product but the foundation for cross-border payments, savings, and financial inclusion in a fragmented continent.

The Human Rights Foundation via its Bitcoin Development Fund gave out 10 bitcoins to 23 projects globally

Plus: 🇬🇭 Ghana’s former president caught in Solana-themed crypto scam 🇰🇪 Kenya fails IMF review, forfeits $850M disbursement

Adeniyi Abiodun, cofounder of Mysten Labs (builders of Sui), says the $1.3M fund will offer low-interest loans to Semicolon students.

Ivorypay aims to incorporate Hedera’s infrastructure and admit a member of the firm onto its board.

Plus: 🌍 Coinbase Wallet partners with Onboard for naira-based crypto purchases 🇲🇦 Moroccan authorities crack down on property purchases with crypto

The company plans to expand into Asia and Latin America.