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.

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.

In a conversation with a local South African outlet, Connie Bloem, the Managing Director of Mesh.Trade, a South African tokenized assets exchange, explained what advisers need to understand about integrating stablecoins into portfolios.
Stablecoins now make up 43% of all cryptocurrency

MetaMask's latest update introduces NFT compatibility in its browser extension, featuring a dedicated NFT tab, simplified ERC-721 transfers, and automatic token detection, enhancing user experience and security for NFT management.

Creditors of the collapsed Bitcoin scheme Mirror Trading International (MTI) have filed an urgent application in the Cape High Court, seeking to restrain and ultimately remove the joint liquidators amid mounting concerns that estate assets are being depleted by prolonged legal costs and overseas

The Reserve Bank of Zimbabwe launched a gold-backed digital currency on May 8, 2023, to stabilize the declining Zimbabwe dollar and offer an investment alternative. This initiative aims to expand economic value-preserving instruments and combat inflation.

DAMREV has secured a $330 million deal to tokenize a copper mine in Namibia, promoting fractional ownership and liquidity. This project aims to enhance investment access, operational efficiency, and local economic participation, setting a precedent for future asset tokenization in Africa.

Cairo fintech Lucky ONE raised $3 million in a convertible note to enhance its credit services and path to profitability by Q1 2025. The funds will support growth and commitment to financial inclusion for underbanked Egyptians.

The Ethereum Foundation's 2023 budget, outlined by Vitalik Buterin and Josh Stark, prioritizes new institutions, research, community development, and zero-knowledge applications, while responding to criticism about its DeFi stance and promoting blockchain education.

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Google has opened applications for the 8th cohort of its Google for Startups Accelerator Africa, focusing on AI and ML startups. The equity-free program offers mentorship, resources, and $350,000 in Google Cloud Credits, aimed at driving digital transformation across the continent.

Lisk's $15 million EMpower Fund will support post-incubation Web3 startups in Africa, Latin America, and Southeast Asia with funding and hands-on assistance. It aims to bridge the capital gap and ensure real-world utility, addressing past funding failures in emerging markets.

The Bitcoin network reached a major milestone by processing its one billionth transaction on May 5, 2024, reflecting its efficient handling of an average of 178,475 transactions daily since its inception in 2009.