BitcoinKE

Ethiopian startup, Better Auth, has been accepted into Y Combinator’s Spring 2025 Cohort, receiving $500,000 in seed funding, according to local reports.

The seven-month-old open-source authentication framework for the TypeScript programming language, is helping developers to easily add authentication features to their projects.

According to the website, the framework provides a comprehensive authentication suite, incorporating multi-factor, social, and multi-tenant capabilities, and is framew

Brij Fintech Ghana, a licensed Payment Service Provider, has launched a six-month pilot of its BrijX B2B Currency Swap Platform under the oversight of the Bank of Ghana’s Regulatory Sandbox.

The BrijX platform facilitates direct currency swaps between the Ghanaian Cedi and the Nigerian Naira, eliminating the need for traditional foreign exchange channels, an issue regarded as a thorn in intra-African trade.

AfCFTA | ‘PAPSS Can Save African Countries $5 Billion in Processing Costs By Eliminatin

Binance recently hosted a community event in Kenya, bringing together key industry stakeholders, regulators, and crypto enthusiasts. The event was attended by Eng. John Tanui, the Principal Secretary in the Ministry of Information, Communications, and the Digital Economy, as well as Rachel Conlan, Binance’s Chief Marketing Officer joined to engage with the local community and highlight Binance’s commitment to Kenya’s digital economy.

Twas great having you #Binance CMO, @RachelConlan in Kenya

K

A post by Reuben Mars Market creating companies are those that innovate and create entirely new markets (new consumers) where none existed before.

Exactly like that, market-creating companies are innovators that don’t just compete within existing markets but actually create new ones altogether. They often introduce products or services that cater to previously underserved or unrecognised consumer or customer needs, effectively bringing new customers segments into the market. This can be through

In line with the rest of the world, Nigeria is experiencing a major transition to digital payment methods with cash transactions expected to decrease by 32% by 2030, according to WorldPay’s Global Payment Report 2025.

The report, which tracks the payment evolution on a global-scale, reveals that cash is no longer the majority payment method in any of the 40 markets it looked at. But comparably large underbanked populations drive continued high rates of cash use in:

Colombia

Indonesia

Mexico

Africa Fintech Live is set to return for its highly anticipated second edition on April 30, 2025, at the Sarit Expo Center in Nairobi, Kenya.

As the premier annual gathering for the fintech ecosystem, this event will bring together leading voices from payments, telcos, banking, fintech, and e-commerce to drive conversations shaping the future of financial technology across the continent.

 

Early bird tickets are now live at 50% off the standard price. Get yours here.

 

Following a successfu

The U.S. Treasury Department has officially removed cryptocurrency mixer, Tornado Cash, from its sanctions list, the agency announced on March 21 2025.

The decision follows a January ruling by a U.S. appeals court, which found that the Treasury’s Office of Foreign Assets Control (OFAC) had overstepped its authority by sanctioning Tornado Cash’s smart contracts. The court determined that these contracts do not constitute the “property” of any foreign national or entity, making them ineligible fo

South Africa-based fintech, TymeBank, has grown its customer base by 7%, increasing from 10 million to 10.7 million, according to an interim financial report for the six months ending December 31 2024.

Tyme Bank, which became Africa’s 9th unicorn following a $250 million Series D funding round in December 2024 – valuing the company at $1.5 billion – first reached the 10 million customer milestone in October 2024.

FUNDING | South African NeoBank, TymeBank, Raises $250 Million To Become Africa’s

Just 3 months after a deal with Binance to offer tech scholarships to 500 students, AltSchool Africa has this time partnered with ByBit to provide 1,000 scholarships for young Africans.

CALL FOR APPLICATIONS | @Binance and AltSchool Africa Partner to Empower 500 Africa Youth with Scholarships in 2025

This collaboration will offer certificates and diplomas in varied specialised education courses https://t.co/wtnU5EEf4E @AltSchoolAfrica @BinanceAfrica pic.twitter.com/aFokPAGyVF

— BitKE (@Bitcoi

Tanzania’s economy is experiencing strong growth, but its currency, the Tanzanian shilling, is under significant pressure, making it the worst-performing currency globally this year.

The Tanzanian shilling has depreciated by 8.9% in 2024, with a further 0.2% drop on Tuesday, reaching 2,645.10 per dollar—its lowest level since late November 2024, according to Bloomberg.

This sharp decline stems from increasing imports and mounting public debt associated with large-scale infrastructure projects.

Speaking at the European Central Bank (ECB) press conference, President Christine Lagarde stressed that the digital euro is ‘more relevant than ever.’ This preparation phase ends in October 2025, but the decision to issue it will only be considered once the necessary legislation is passed.

Watch the reveal below:

The Digital Euro (EURO CBDC) Set to Launch in October 2025 |

“Nature doesn’t like a vacuum.” – @Lagarde, President of @ecb #Euro pic.twitter.com/lxxnGlk07h

— BitKE (@BitcoinKE) Marc

COCA.xyz, the next-generation non-custodial payments app, has just secured a major strategic funding round led by the Stellar Development Foundation (SDF), with additional backing from FunFair Ventures. This investment is set to supercharge COCA’s mission to revolutionize stablecoin payments—making them seamless, secure, and accessible to users worldwide.

Key Takeaways

COCA Secures Strategic Funding – COCA.xyz has completed a funding round led by the Stellar Development Foundation (SDF), with

Hot on the heels of AltVest becoming the first publicly-listed firm in Africa to add bitcoin to its treasury reserves, Farzam Ehsani, the CEO of VALR, the leading South African crypto exchange in volume and institutional investors, says emerging market institutions have a stronger imperative to adopt Bitcoin as a strategic reserve asset.

MILESTONE | Altvest Becomes First Publicly-Listed Firm in Africa to Add #Bitcoin to Treasury Reserves

Altvest says it ‘currently views Bitcoin as the only dig

The Africa Women Innovation and Entrepreneurship Forum (AWIEF), in partnership with the African Guarantee Fund (AGF) and FSDH Merchant Bank Limited, has opened applications for its flagship AWIEF Growth Accelerator Programme. This initiative is designed to enhance access to finance and markets for women-owned and women-led small and medium enterprises (WSMEs) in Nigeria.

AWIEF is a pan-African organization committed to empowering women economically by bridging gender gaps and fostering business

Azamra Finance Technologies, a U.S.-headquartered digital financial services company, is looking to expand services in Cameroon to enhance lending opportunities for micro, small, and medium-sized enterprises (MSMEs) as well as informal sector workers.

The firm seeks to offer flexible financing solutions in a country where access to credit is restricted by stringent banking regulations.

 

Key Takeaways

Azamra already operates as a licensed digital-first banking platform in Central Africa prov

On March 15 2025, hackers breached the official social media accounts of the South African Parliament to promote a cryptocurrency token named after President Cyril Ramaphosa.

 

The hackers targeted the South African Parliament’s official X, Facebook, and YouTube accounts directing users to the ‘$RAMAPHOSA’ token launched mere hours before the breach.

“Parliament has identified a security breach affecting one of its 25 YouTube streaming services (channels), which is integrated with official so

In a concerning turn of events, the official X (formerly Twitter) account of Ghana’s President appears to have been compromised, now actively promoting a Solana-based crypto fund and an Africa-themed memecoin.

What makes this case particularly intriguing is that just yesterday, BitKE covered a post from the President’s account dated March 15 2025, in which Solana was singled out as a key driver for financial inclusion growth in Africa. That post ended with a cryptic message: “Stay tuned for mor

Binance didn’t need the funding. This deal wasn’t about capital – it was about strategy.

By securing a $2 billion investment from Abu Dhabi’s MGX, Binance is:

Legitimizing the crypto industry and reinforcing its position as a global leader

Strengthening ties with the UAE, a key player in digital finance

Positioning itself as an institutional force in the market

Preparing for the future, expanding influence beyond the crypto sector

 

Binance: A Financial Powerhouse

Last year alone [2024],

The newly-elected Ghanaian President, John Dramani Mahama, has endorsed Solana, a high-speed blockchain, as a catalyst for fintech growth and cryptocurrency adoption across Africa.

The President of Ghana @JDMahama was elected in December 2024 pic.twitter.com/T8tm0z83ui

— BitKE (@BitcoinKE) March 17, 2025

Speaking at the African Prosperity Dialogues Summit in Accra, Ghana, Maham highlighted how blockchain technology – especially Solana’s rapid and low-cost transactions – could revolutionize fi

KPMG has urged Nigerian financial institutions to adopt blockchain technology and work alongside cryptocurrency firms rather than distancing themselves.

In a March 2025 report titled ‘Crypto Risk and Opportunities in Nigeria: A New Banking Paradigm,’ KPMG examined the unintended effects of the Central Bank of Nigeria’s (CBN) 2021 ban on banks processing crypto transactions.

 

Referencing data from Chainalysis, KPMG said the ban did not deter crypto adoption in Nigeria. On the contrary, the co