Crypto Startups Raised Almost $36 Billion in H1 2022 – 30% of Web3 and Gaming NFTs Show ‘Signs of Maturity’
* In Q2 2022, NFT projects building outside of Ethereum raised more than NFT projects on Ethereum by $1.8 billion
* 71% of DAO (Decentralized Autonomous Organization) projects that raised were in the seed stage
* 30% of Web3 projects that raised were in Series A rounds demonstrating that Web3 projects have ‘started to mature’
See full details here:
https://bitcoinke.io/2022/08/h1-2022-crypto-funding-statistics/
* In Q2 2022, NFT projects building outside of Ethereum raised more than NFT projects on Ethereum by $1.8 billion
* 71% of DAO (Decentralized Autonomous Organization) projects that raised were in the seed stage
* 30% of Web3 projects that raised were in Series A rounds demonstrating that Web3 projects have ‘started to mature’
See full details here:
https://bitcoinke.io/2022/08/h1-2022-crypto-funding-statistics/
Tesla🏎 Dumps 75% of its #Bitcoin Holdings Only One Year After Purchase
Tesla has not confirmed the selling price. However, based on the historical prices, Tesla sold its stock for anywhere between $19,000 and $46,000 per bitcoin with only $218 million left in their wallets
https://bitcoinke.io/2022/08/tesla-dumps-bitcoin-holding/
Tesla has not confirmed the selling price. However, based on the historical prices, Tesla sold its stock for anywhere between $19,000 and $46,000 per bitcoin with only $218 million left in their wallets
https://bitcoinke.io/2022/08/tesla-dumps-bitcoin-holding/
BitcoinKE
Tesla Dumps 75% of its Bitcoin Holdings Only One Year After Purchase
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
MILESTONE:
Open Interest in Ether Options Hits All-Time High – Overtakes BTC Interest for First Time in History
The current open interest in Ether options is at an all-time high of $8.1 billion against BTC options open interest currently at $5.5 billion.
See details of this milestone here:
https://bitcoinke.io/2022/08/eth-overtakes-btc-in-open-interest/
Open Interest in Ether Options Hits All-Time High – Overtakes BTC Interest for First Time in History
The current open interest in Ether options is at an all-time high of $8.1 billion against BTC options open interest currently at $5.5 billion.
See details of this milestone here:
https://bitcoinke.io/2022/08/eth-overtakes-btc-in-open-interest/
Fintech Penetration at Only 35% in Nigeria🇳🇬 with 9 Out of 10 Transactions Still Settled in Cash
The 2022 GSM State of Industry Report on Mobile Money revealed a lack of relevance as a key barrier to having a mobile money account in Nigeria.
See full details here:
https://bitcoinke.io/2022/08/fintech-penetration-at-only-35-percent-in-nigeria/
The 2022 GSM State of Industry Report on Mobile Money revealed a lack of relevance as a key barrier to having a mobile money account in Nigeria.
See full details here:
https://bitcoinke.io/2022/08/fintech-penetration-at-only-35-percent-in-nigeria/
BitcoinKE
Fintech Penetration at Only 35% in Nigeria with 9 Out of 10 Transactions Still Settled in Cash
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Central Bank of Nigeria🇳🇬 to Support 10 Startups to Help Grow eNaira Adoption
The hackathon, themed ‘eNaira – Africa’s Gateway to a Digital Economy,’ is aimed at developing innovative solutions to drive improved adoption of the eNaira
https://bitcoinke.io/2022/08/central-bank-of-nigeria-to-support-10-enaira-startups/
The hackathon, themed ‘eNaira – Africa’s Gateway to a Digital Economy,’ is aimed at developing innovative solutions to drive improved adoption of the eNaira
https://bitcoinke.io/2022/08/central-bank-of-nigeria-to-support-10-enaira-startups/
BitcoinKE
Central Bank of Nigeria to Support 10 Startups to Help Grow eNaira Adoption
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
69% of Total Crypto Stolen in 2022 So Far ($2 Billion) is Via Cross-Chain Bridges
A summary breakdown of key cross-chain hacks so far in 2022:
* February – $320 million (Wormhole)
* April – $622 million (Ronin)
* August – $200 million (Nomad)
https://bitcoinke.io/2022/08/69-of-total-crypto-stolen-in-2022-so-far-2-billion-is-via-cross-chain-bridges/
A summary breakdown of key cross-chain hacks so far in 2022:
* February – $320 million (Wormhole)
* April – $622 million (Ronin)
* August – $200 million (Nomad)
https://bitcoinke.io/2022/08/69-of-total-crypto-stolen-in-2022-so-far-2-billion-is-via-cross-chain-bridges/
Cross-Chain Bridges Account for Over $1 Billion in H1 2022 – BSC Leads in Security Incidents
* May & June 2022 had the highest No. of incidents
* 92% caused by projects design defects, contract vulnerabilities
* 53% via Cross-chain bridges
*
*
See the report synopsis below:
https://bitcoinke.io/2022/08/over-1-billion-dollar-loss-in-h1-2022-via-cross-chain-bridges/
* May & June 2022 had the highest No. of incidents
* 92% caused by projects design defects, contract vulnerabilities
* 53% via Cross-chain bridges
*
*
See the report synopsis below:
https://bitcoinke.io/2022/08/over-1-billion-dollar-loss-in-h1-2022-via-cross-chain-bridges/
BitcoinKE
Cross-Chain Bridges Account for Over $1 Billion in H1 2022 – BSC Leads in Security Incidents
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Incentivized Rwandan🇷🇼 Migrants Send Over $7.5 Million to a Local Bank in 4 Months
According to the World bank, diaspora remittances to Rwanda hit $246 million in 2021 compared to $45 billion in remittances across the continent
https://bitcoinke.io/2022/08/rwandan-migrants-send-over-7-million-dollars/
According to the World bank, diaspora remittances to Rwanda hit $246 million in 2021 compared to $45 billion in remittances across the continent
https://bitcoinke.io/2022/08/rwandan-migrants-send-over-7-million-dollars/
BitcoinKE
Incentivized Rwandan Migrants Send Over $7.5 Million to a Local Bank in 4 Months
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
#Web3 Ladies🇳🇬 Partners with Polygon to Onboard Over 100K African Women onto Blockchain
Web3 Ladies has over 13,000 members as part of its community, and these ladies are coming from several countries across the continent.
https://bitcoinke.io/2022/08/web3-ladies-partners-with-polygon/
Web3 Ladies has over 13,000 members as part of its community, and these ladies are coming from several countries across the continent.
https://bitcoinke.io/2022/08/web3-ladies-partners-with-polygon/
[MILESTONE] Nigeria🇳🇬 Broadband Subscriptions Double in 5 Years – Currently at 44.5%
* Broadband internet subscriptions doubled in 5 years
* January 2017 - 41.4 million subscriptions (21.7%)
* June 2022 - 84.6 million subscriptions (44.5%)
https://bitcoinke.io/2022/08/nigeria-broadband-subscribers-grow-to-over-44-percent/
* Broadband internet subscriptions doubled in 5 years
* January 2017 - 41.4 million subscriptions (21.7%)
* June 2022 - 84.6 million subscriptions (44.5%)
https://bitcoinke.io/2022/08/nigeria-broadband-subscribers-grow-to-over-44-percent/
Africa Accounts for Less Than 1% of Global Crypto Spot and Derivatives Trading, Says Latest Report
According to the report, South Africa is the largest market which can be seen by its ‘more advanced financial infrastructure and fiat-to-crypto payment rail.’
After South Africa, Nigeria is the second largest market.
3 factors from the report that were highlighted to drive the overall growth of crypto in Africa include:
* Increased institutional participation
* Rise of Web3
* Emerging markets use cases
https://bitcoinke.io/2022/08/1-percent-of-global-crypto-trading-in-africa/
According to the report, South Africa is the largest market which can be seen by its ‘more advanced financial infrastructure and fiat-to-crypto payment rail.’
After South Africa, Nigeria is the second largest market.
3 factors from the report that were highlighted to drive the overall growth of crypto in Africa include:
* Increased institutional participation
* Rise of Web3
* Emerging markets use cases
https://bitcoinke.io/2022/08/1-percent-of-global-crypto-trading-in-africa/
BitcoinKE
Africa Accounts for Less Than 1% of Global Crypto Spot and Derivatives Trading, Says Latest Report
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
$ETH Staking Hits All Time High Ahead of Merge
The amount of $ETH staked on DeFi protocols is over 13.2 million $ETH staked, which is an all time high, as investors anticipate upside from the upcoming merge.
https://bitcoinke.io/2022/08/eth-staking-hits-all-time-high-ahead-of-merge/
The amount of $ETH staked on DeFi protocols is over 13.2 million $ETH staked, which is an all time high, as investors anticipate upside from the upcoming merge.
https://bitcoinke.io/2022/08/eth-staking-hits-all-time-high-ahead-of-merge/
BitcoinKE
$ETH Staking Hits All Time High Ahead of Merge
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
LATEST!
Nigeria Interbank Settlement System (NIBSS) is Now Available on the eNaira Platform, Says the Central Bank of Nigeria 🇳🇬
The integration with Nigeria's payments backbone, NIBBS Instant Payments (NIP) means users can now transfer funds from their eNaira wallet to any bank account of their choice in Nigeria.
https://bitcoinke.io/2022/08/nigeria-interbank-settlement-system-available-on-the-enaira-platform/
Nigeria Interbank Settlement System (NIBSS) is Now Available on the eNaira Platform, Says the Central Bank of Nigeria 🇳🇬
The integration with Nigeria's payments backbone, NIBBS Instant Payments (NIP) means users can now transfer funds from their eNaira wallet to any bank account of their choice in Nigeria.
https://bitcoinke.io/2022/08/nigeria-interbank-settlement-system-available-on-the-enaira-platform/
BitcoinKE
Nigeria Interbank Settlement System (NIBSS) is Now Available on the eNaira Platform, Says the Central Bank of Nigeria
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Introducing EA Kazi – A Decentralized Learning and Earning Platform for Africans
The African-based decentralized platform is developed by Africa BIoT Labs, a Tanzanian blockchain and IoT innovation hub, to build and deploy talent into the Web3 space.
https://bitcoinke.io/2022/08/introducing-ea-kazi/
The African-based decentralized platform is developed by Africa BIoT Labs, a Tanzanian blockchain and IoT innovation hub, to build and deploy talent into the Web3 space.
https://bitcoinke.io/2022/08/introducing-ea-kazi/
BitcoinKE
Introducing EA Kazi – A Decentralized Learning and Earning Platform for Africans
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Pezesha, a Kenyan🇰🇪 Leading Digital Lending Platform, Raises $11 Million, with Investment from #Cardano
Pezesha's partnership with Cardano is expected to see the company build a peer-to-peer financial operating system in Africa
See more details, including Charles Hoskinson's comment regarding the funding below:
https://bitcoinke.io/2022/08/cardano-invests-in-pezesha/
Pezesha's partnership with Cardano is expected to see the company build a peer-to-peer financial operating system in Africa
See more details, including Charles Hoskinson's comment regarding the funding below:
https://bitcoinke.io/2022/08/cardano-invests-in-pezesha/
BitcoinKE
Pezesha, a Kenyan Leading Digital Lending Platform, Raises $11 Million, with Investment from Cardano - BitcoinKE
Pezesha, a digital lending infrastructure and platform that helps finance medium, small, and micro enterprises startups (MSMEs) in Kenya, has raised $11 million in Series A to expand in Africa. The raise saw participation from: Women’s World Banking Capital…
OpenSea Trading Volume Plunges 99% in 3 Months as NFT Winter Intensifies
#NFTs, which blew into popularity in mid-2021, are now facing the brunt of the declining fortunes in crypto as epitomized by the drop on the leading NFT sales platform.
https://bitcoinke.io/2022/08/opensea-trading-volume-plunges-99-percent/
#NFTs, which blew into popularity in mid-2021, are now facing the brunt of the declining fortunes in crypto as epitomized by the drop on the leading NFT sales platform.
https://bitcoinke.io/2022/08/opensea-trading-volume-plunges-99-percent/
BitcoinKE
OpenSea Trading Volume Plunges 99% in 3 Months as NFT Winter Intensifies
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Bank of Ghana 🇬🇭 Allays Concerns of eCedi Impact on Mobile Money
Mobile wallets and phones transactions are the equivalent of 82% of GDP in Ghana
See details:
https://bitcoinke.io/2022/09/bank-of-ghana-allays-ecedi-concerns/
Mobile wallets and phones transactions are the equivalent of 82% of GDP in Ghana
See details:
https://bitcoinke.io/2022/09/bank-of-ghana-allays-ecedi-concerns/
Central African Republic 🇨🇫 Plans to Sell National Crypto for Citizenship Stopped by Local Court
The court said that nationality does not have a market value and that residents are required to be physically present in the country.
https://bitcoinke.io/2022/08/car-crypto-plans-stopped-by-court/
The court said that nationality does not have a market value and that residents are required to be physically present in the country.
https://bitcoinke.io/2022/08/car-crypto-plans-stopped-by-court/
FlexID, the startup by Zimbabwean 🇿🇼 entrepreneur, Victor Mapunga, gets funded by Algorand foundation
FlexID, a decentralized marketplace of people, seeks to solve the identity problem that affects over 400 million Africans
https://bitcoinke.io/2022/09/flexid-gets-algorand-funding/
FlexID, a decentralized marketplace of people, seeks to solve the identity problem that affects over 400 million Africans
https://bitcoinke.io/2022/09/flexid-gets-algorand-funding/