The implosion of FTX and its cascading effects on African crypto companies — from the Coindesk balance sheet revelation through Binance's withdrawal, FTX's bankruptcy, Nestcoin's exposure and Lazerpay's shutdown.
The implosion of FTX and its cascading effects on African crypto companies — from the Coindesk balance sheet revelation through Binance's withdrawal, FTX's bankruptcy, Nestcoin's exposure and Lazerpay's shutdown.
In his first interview since the company shut down, Njoku Emmanuel talks about how regulation, high burn rate and his misunderstanding of being product-led played parts in the Lazerpay story.
Busha Commerce’s timing stands out, given the recent trends around African crypto payment companies.
Metaverse Magna (MVM) also has a new CEO who is looking to grow the company via its new gaming platform Hyper.
The company joins a growing list of African companies closing shop as the crypto winter lingers.
The layoffs result from a downturn in the tech industry and shocks in the crypto market.
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CEO Emmanuel Njoku revealed in a letter to investors.
The CEO says a significant portion of the company’s assets are held at FTX and will now have to lay off some employees.
Documentation of the events around the failure of the cryptocurrency exchange FTX.
