🇳🇬Naira Sees 10% Depreciation – Import Bias to Blame, Says Central Bank of Nigeria 🇳🇬
In the last one year alone, the Naira has experienced a 10% depreciation with inflation expected to average around 15% in 2022. https://bitcoinke.io/2022/05/cbn-blames-import-bias-for-naira-depreciation/
In the last one year alone, the Naira has experienced a 10% depreciation with inflation expected to average around 15% in 2022. https://bitcoinke.io/2022/05/cbn-blames-import-bias-for-naira-depreciation/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Naira Sees 10% Depreciation – Import Bias to Blame, Says Central Bank of Nigeria - BitcoinKE
According to recent reports in Nigeria, the Central Bank of Nigeria (CBN) is blaming Nigerian economy's import bias for the continuous fall of the Naira. Speaking at a 2-day expo organized by CBN, Osita Nwanisiobi, Director of Corporate Communications, CBN…
EXPLAINER GUIDE: How to Breed Axies in Axie Infinity and Earn $SLP Tokens
Axie Infinity is a popular Play-As-You-Earn game that has drawn a lot of interest, accounting for 2/3 of the NFT gaming market.
The game is based on creatures called ‘Axies’ that players collect and use to complete daily quests, duel other players, with each being a NFT that is minted on the blockchain.
One key in-game role is breeding an Axie so that they grow in ability to gain rewards on the battlefield.
In this guide, you will learn the 5 simple steps to breed an Axie.
https://bitcoinke.io/2022/05/how-to-breed-axies-in-axie-infinity/
Axie Infinity is a popular Play-As-You-Earn game that has drawn a lot of interest, accounting for 2/3 of the NFT gaming market.
The game is based on creatures called ‘Axies’ that players collect and use to complete daily quests, duel other players, with each being a NFT that is minted on the blockchain.
One key in-game role is breeding an Axie so that they grow in ability to gain rewards on the battlefield.
In this guide, you will learn the 5 simple steps to breed an Axie.
https://bitcoinke.io/2022/05/how-to-breed-axies-in-axie-infinity/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
EXPLAINER GUIDE: How to Breed Axies in Axie Infinity and Earn $SLP Tokens - BitcoinKE
Axie Infinity is a popular Play-As-You-Earn game that has drawn a lot of interest, accounting for 2/3 of the NFT gaming market. In 2021, Axie players transacted about $3.5 billion worth of NFTs. Besides the prospect of earning money, Axie Infinity is a game…
Bank Of Uganda to Clamp Down on Mobile Money Operators Facilitating Crypto Transactions
The Bank of Uganda (BoU) has issued a circular to all payments service providers, especially mobile money operators, reminding them to desist from facilitating cryptocurrency transactions.
According to a local publication, BoU said in a circular it had noted with concern some entities advertising crypto to mobile money conversions, and vice versa, which was termed as illegal.
https://bitcoinke.io/2022/05/uganda-to-clamp-down-on-crypto-transactions/
The Bank of Uganda (BoU) has issued a circular to all payments service providers, especially mobile money operators, reminding them to desist from facilitating cryptocurrency transactions.
According to a local publication, BoU said in a circular it had noted with concern some entities advertising crypto to mobile money conversions, and vice versa, which was termed as illegal.
https://bitcoinke.io/2022/05/uganda-to-clamp-down-on-crypto-transactions/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Bank Of Uganda to Clamp Down on Mobile Money Operators Facilitating Crypto Transactions - BitcoinKE
The Bank of Uganda (BoU) has issued a circular to all payments service providers, especially mobile money operators, reminding them to desist from facilitating cryptocurrency transactions. According to a local publication, BoU said in a circular it had noted…
KenGen, Kenya’s Largest State Energy Company, to Supply Clean Energy for Bitcoin Mining.
Currently, KenGen supplies about 72% of the electricity consumed in Kenya, with over 80% of this coming from renewable sources.
https://bitcoinke.io/2022/05/kengen-to-supply-clean-energy-for-crypto-mining/
Currently, KenGen supplies about 72% of the electricity consumed in Kenya, with over 80% of this coming from renewable sources.
https://bitcoinke.io/2022/05/kengen-to-supply-clean-energy-for-crypto-mining/
BitcoinKE
KenGen, Kenya’s Largest State Energy Company, to Supply Clean Energy for Bitcoin Mining
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
WHAT IS?
Payment tokenization refers to the process of replacing sensitive, private data like credit card number, account number, and address with randomly generated numbers representing a token.
Learn more:
https://bitcoinke.io/2022/05/payment-and-asset-tokenization/
Payment tokenization refers to the process of replacing sensitive, private data like credit card number, account number, and address with randomly generated numbers representing a token.
Learn more:
https://bitcoinke.io/2022/05/payment-and-asset-tokenization/
BitKE
Payment Tokenization and Asset Tokenization – What Are These Two?
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Over 80% of Tokens Go Underwater in One Year, Latest Study Reveals
According to a study by Jump Crypto, at least 80% of crypto tokens that were launched in the last decade yielded negative returns.
The study by Jump Crypto found that crypto tokens with at least a market cap of $20 million that were launched between 2013 and 2021 did not perform expectedly for early investors. The poor rate of return was seen over 1, 3, and 12 months of investment, with new coin performance growing worse across time.
Such performance of crypto tokens mirrors VC performance in traditional markets where 80% of investments do not yield returns and most of the gains come from 20% of investments.
See details here:
https://bitcoinke.io/2022/05/the-vast-majority-of-tokens-do-not-yield-returns-study-reveals/
According to a study by Jump Crypto, at least 80% of crypto tokens that were launched in the last decade yielded negative returns.
The study by Jump Crypto found that crypto tokens with at least a market cap of $20 million that were launched between 2013 and 2021 did not perform expectedly for early investors. The poor rate of return was seen over 1, 3, and 12 months of investment, with new coin performance growing worse across time.
Such performance of crypto tokens mirrors VC performance in traditional markets where 80% of investments do not yield returns and most of the gains come from 20% of investments.
See details here:
https://bitcoinke.io/2022/05/the-vast-majority-of-tokens-do-not-yield-returns-study-reveals/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Over 80% of Tokens Go Underwater in One Year, Latest Study Reveals - BitcoinKE
According to a study by Jump Crypto, at least 80% of crypto tokens that were launched in the last decade yielded negative returns. The study by Jump Crypto found that crypto tokens with at least a market cap of $20 million that were launched between 2013…
Zimbabwe Orders Banks to Stop Lending in Bid to Arrest Currency Decline
According to Reuters, the Zimbabwean dollar, which is officially quoted at 165.94 against the U.S. dollar, has continued to slide on the black market, where it is trading between 330 and 400 to the greenback.
The black market exchange rate has moved from about 200 Zimbabwe dollars at the beginning of 2022.
Year-on-year inflation has quickened as follows:
* January 2022 – 60.6%
* April 2022 – 96.4%
See full report here:
https://bitcoinke.io/2022/05/zimbabwe-orders-banks-to-stop-lending/
According to Reuters, the Zimbabwean dollar, which is officially quoted at 165.94 against the U.S. dollar, has continued to slide on the black market, where it is trading between 330 and 400 to the greenback.
The black market exchange rate has moved from about 200 Zimbabwe dollars at the beginning of 2022.
Year-on-year inflation has quickened as follows:
* January 2022 – 60.6%
* April 2022 – 96.4%
See full report here:
https://bitcoinke.io/2022/05/zimbabwe-orders-banks-to-stop-lending/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Zimbabwe Orders Banks to Stop Lending in Bid to Arrest Currency Decline - BitcoinKE
Zimbabwe's government has ordered banks to stop lending with immediate effect in a move designed to stop speculation against the Zimbabwean dollar. According to Reuters, the Zimbabwean dollar, which is officially quoted at 165.94 against the U.S. dollar,…
South African Exchange, Xago, Launches a U.S Dollar Stablecoin and a Revolutionary App
Xago, a South African XRP-only exchange, has announced the launch of its stable coin, XUS, which supports the US dollar, empowering clients to deposit and pay out funds, with US dollars and USDC via the Xago platform.
At the same time, the exchange has announced the launch of seamless trading functionality in its mobile app.
Xago has recently announced partnerships with leading African exchanges including BitMama and Paxful.
According to Xago, the mobile app has now made conventional login names and passwords redundant with a robust three 3FA that covers all of the following categories:
https://bitcoinke.io/2022/05/xago-launches-xus-stablecoin-and-a-revolutionary-app/
Xago, a South African XRP-only exchange, has announced the launch of its stable coin, XUS, which supports the US dollar, empowering clients to deposit and pay out funds, with US dollars and USDC via the Xago platform.
At the same time, the exchange has announced the launch of seamless trading functionality in its mobile app.
Xago has recently announced partnerships with leading African exchanges including BitMama and Paxful.
According to Xago, the mobile app has now made conventional login names and passwords redundant with a robust three 3FA that covers all of the following categories:
https://bitcoinke.io/2022/05/xago-launches-xus-stablecoin-and-a-revolutionary-app/
BitcoinKE
South African Exchange, Xago, Launches a U.S Dollar Stablecoin and a Revolutionary App
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
[WATCH] We Were Literally Just Months Away to Hitting $1 Billion in Monthly Transactions When the CBN Ban Happened, Says CEO, Patricia
BitKE caught up with Fejiro Hanu Agbodje, CEO, Patricia, one of the largest crypto exchanges in Africa, to talk about his journey and how he built the Patricia Exchange.
Patricia was the only and first exchange to sponsor the Big Brother Naija (BB Naija) in 2021 which, according to Hanu, was an expensive investment, but well worth it.
As of early 2021, Patricia had hit over 800, 000 users making it one of the leading crypto exchanges on the continent.
In this discussion, Hanu discusses the following:
* Early beginnings of Patricia
* Patricia and its unique offerings
* The use cases of Patricia among users
* How the crypto ban affected Patricia
* The Patricia Big Brother Naija sponsorship
* 2021 successes
* New feature updates coming to Patricia
* Hints on upcoming ventures
* Advice to entrepreneurs in Africa
Check out this exclusive interview here:
https://bitcoinke.io/2022/05/a-chat-with-ceo-patricia/
BitKE caught up with Fejiro Hanu Agbodje, CEO, Patricia, one of the largest crypto exchanges in Africa, to talk about his journey and how he built the Patricia Exchange.
Patricia was the only and first exchange to sponsor the Big Brother Naija (BB Naija) in 2021 which, according to Hanu, was an expensive investment, but well worth it.
As of early 2021, Patricia had hit over 800, 000 users making it one of the leading crypto exchanges on the continent.
In this discussion, Hanu discusses the following:
* Early beginnings of Patricia
* Patricia and its unique offerings
* The use cases of Patricia among users
* How the crypto ban affected Patricia
* The Patricia Big Brother Naija sponsorship
* 2021 successes
* New feature updates coming to Patricia
* Hints on upcoming ventures
* Advice to entrepreneurs in Africa
Check out this exclusive interview here:
https://bitcoinke.io/2022/05/a-chat-with-ceo-patricia/
BitcoinKE
[WATCH] We Were Literally Just Months Away to Hitting $1 Billion in Monthly Transactions When the CBN Ban Happened, Says CEO, Patricia
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
The Biggest Challenge in Gaming in Africa is Technical Accessibility - A Chat with CEO, Carry1st
BitKE caught up with Cordell Robbin-Coker, CEO, Carry1st, the leading Web3 gaming platform in Africa, to talk about the company’s latest $20 million funding round and their next move into blockchain gaming.
In this discussion, Cordell discusses:
* Early beginnings of Carry1st
* The $20 million funding raise
* An overview of the gaming landscape in Africa
* Cordell’s favorite games
* Collaborations within the Web3 gaming space
* Challenges facing gaming studios and platforms in Africa
* Interesting gaming finance models
* Gaming guilds in Africa
* Supporting African game developers and studios
* Advice to African entrepreneurs
NB: Lots of very original insights about the gaming landscape in Africa
Check out the interview and synopsis here:
https://bitcoinke.io/2022/05/a-chat-with-ceo-carry1st/
BitKE caught up with Cordell Robbin-Coker, CEO, Carry1st, the leading Web3 gaming platform in Africa, to talk about the company’s latest $20 million funding round and their next move into blockchain gaming.
In this discussion, Cordell discusses:
* Early beginnings of Carry1st
* The $20 million funding raise
* An overview of the gaming landscape in Africa
* Cordell’s favorite games
* Collaborations within the Web3 gaming space
* Challenges facing gaming studios and platforms in Africa
* Interesting gaming finance models
* Gaming guilds in Africa
* Supporting African game developers and studios
* Advice to African entrepreneurs
NB: Lots of very original insights about the gaming landscape in Africa
Check out the interview and synopsis here:
https://bitcoinke.io/2022/05/a-chat-with-ceo-carry1st/
[WATCH] Cameroon Crypto Startup, Ejara, Among 7 African Startups Selected as World Economic Forum’s Technology Pioneers of 2022
In a blog post, the World Economic Forum (WEF) revealed its 2022 list of Technology pioneers with 7 Startups in Africa comprising the important list.
Among the startups selected is Ejara, the only crypto startup out of only 7 from the African continent.
BitKE also caught up with CEO, Ejara, to talk about the innovative app which is one of the leading crypto investment platforms in Francophone Africa.
Check out the short interview clip here:
https://bitcoinke.io/2022/05/ejara-among-world-economic-forum-technology-pioneers-of-2022/
In a blog post, the World Economic Forum (WEF) revealed its 2022 list of Technology pioneers with 7 Startups in Africa comprising the important list.
Among the startups selected is Ejara, the only crypto startup out of only 7 from the African continent.
BitKE also caught up with CEO, Ejara, to talk about the innovative app which is one of the leading crypto investment platforms in Francophone Africa.
Check out the short interview clip here:
https://bitcoinke.io/2022/05/ejara-among-world-economic-forum-technology-pioneers-of-2022/
Bank of Central African States Warns CAR Adopting Bitcoin Could Compete with Central African CFA Franc
The Cameroon-headquartered Bank of Central African States (BEAC) has urged the Central African Republic (CAR) to annul a law it passed in late April 2022 that made the cryptocurrency, Bitcoin, legal tender.
The bank warned in a letter that the move breached its rules and could affect monetary stability in the region.
BEAC said the CAR’s decision to make Bitcoin legal tender could compete with the Central African Franc (CFA), the region’s France-backed currency.
https://bitcoinke.io/2022/05/bank-of-central-african-states-warns-car-on-bitcoin-adoption/
The Cameroon-headquartered Bank of Central African States (BEAC) has urged the Central African Republic (CAR) to annul a law it passed in late April 2022 that made the cryptocurrency, Bitcoin, legal tender.
The bank warned in a letter that the move breached its rules and could affect monetary stability in the region.
BEAC said the CAR’s decision to make Bitcoin legal tender could compete with the Central African Franc (CFA), the region’s France-backed currency.
https://bitcoinke.io/2022/05/bank-of-central-african-states-warns-car-on-bitcoin-adoption/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Bank of Central African States Warns CAR Adopting Bitcoin Could Compete with Central African CFA Franc - BitcoinKE
Headquarters of the BEAC (Banque des Etats de l'Afrique Centrale), Bank of Central African States, in Yaounde, Cameroon The Cameroon-headquartered Bank of Central African States (BEAC) has urged the Central African Republic (CAR) to annul a law it passed…
Demand for Web3 Talent on the Rise as Capital Nears $15 Billion in Q1 2022, Says Latest Report
In terms of sectors, Web3 was the most attractive to investors during Q1 2022, CeFi continues to be the least active in terms of the number of deals and capital inflows of all the different sectors.
Here is a breakdown of the sectors in terms of number of deals:
* Web3 – 26.5%
* DeFi – 23.2%
* Infrastructure – 19.5%
* NFT – 18.3%
* CeFi – 12.5%
See full list of stats here:
https://bitcoinke.io/2022/05/demand-for-web-3-talent-on-the-rise-q1-2022-report/
In terms of sectors, Web3 was the most attractive to investors during Q1 2022, CeFi continues to be the least active in terms of the number of deals and capital inflows of all the different sectors.
Here is a breakdown of the sectors in terms of number of deals:
* Web3 – 26.5%
* DeFi – 23.2%
* Infrastructure – 19.5%
* NFT – 18.3%
* CeFi – 12.5%
See full list of stats here:
https://bitcoinke.io/2022/05/demand-for-web-3-talent-on-the-rise-q1-2022-report/
BitKE
Demand for Web3 Talent on the Rise as Capital Nears $15 Billion in Q1 2022, Says Latest Report
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Celo, one of the leading blockchains in Africa, Grew Over 5,000% and 7 Key Milestones Inside Celo 2021 Annual Report
In the report, it can be seen that the year was action-packed with growth for Celo on several fronts. Here are just some of the growth numbers and stats for 2021:
* By December 31 2021, the blockchain had processed a total of 84.1 million transactions – a 5,115% growth YoY
* The platform had a total of 2.65 million wallet addresses – a growth of 5,916% YoY
* A total of 375k members representing 135 countries across the world
* The builder community grew by 619% to 3, 957 YoY with 848 active builders – a 848% growth rate YoY
See the full list of stats here:
https://bitcoinke.io/2022/05/key-milestones-inside-celo-2021-annual-report/
In the report, it can be seen that the year was action-packed with growth for Celo on several fronts. Here are just some of the growth numbers and stats for 2021:
* By December 31 2021, the blockchain had processed a total of 84.1 million transactions – a 5,115% growth YoY
* The platform had a total of 2.65 million wallet addresses – a growth of 5,916% YoY
* A total of 375k members representing 135 countries across the world
* The builder community grew by 619% to 3, 957 YoY with 848 active builders – a 848% growth rate YoY
See the full list of stats here:
https://bitcoinke.io/2022/05/key-milestones-inside-celo-2021-annual-report/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Celo Grew Over 5,000% and 7 Key Milestones Inside Celo 2021 Annual Report - BitcoinKE
Celo, the blockchain that is creating blockchain solutions for mobile phone use, recently released its report covering some of the activities and achievements from 2021. In the report, it can be seen that the year was action-packed with growth for Celo on…
Calling all the #Devs and those #building (both in public and in private 😎)
The @Celoorg ecosystem in #Kenya is hosting the Celo Code Jam!
Details
Theme 📜:
▪️Stablecoin + dApps
▫️Stablecoins + Daos
▫️Stablecoin + DeFi mobile solutions
🏛: ihub
📆:28th May 2022
🕒: 9:00 am - 12:30 pm
🔗:https://forms.gle/LJziRTj7n76cr8nKA
Happy Coding!
The @Celoorg ecosystem in #Kenya is hosting the Celo Code Jam!
Details
Theme 📜:
▪️Stablecoin + dApps
▫️Stablecoins + Daos
▫️Stablecoin + DeFi mobile solutions
🏛: ihub
📆:28th May 2022
🕒: 9:00 am - 12:30 pm
🔗:https://forms.gle/LJziRTj7n76cr8nKA
Happy Coding!
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The video highlights the progress of bitcoin’s value over time covering different ups and downs from November 2014 until the recent cryptocurrency crash in May 2022.
GM Uganda Community!
The Kampala Blockchain Happy Hour is finally here!
Details:
📆: 27/05/2022
🕒: 6:30 PM - 7:30 PM EAT
📍🇺🇬 Innovation Village, Ntinda Complex, Block D, Kampala, Uganda 🇺🇬
🔗: https://bit.ly/KampalaVillageMeetup-CELO
Come let's connect, prosper and learn over a drink or 2!
The Kampala Blockchain Happy Hour is finally here!
Details:
📆: 27/05/2022
🕒: 6:30 PM - 7:30 PM EAT
📍🇺🇬 Innovation Village, Ntinda Complex, Block D, Kampala, Uganda 🇺🇬
🔗: https://bit.ly/KampalaVillageMeetup-CELO
Come let's connect, prosper and learn over a drink or 2!
Zimbabwe Inflation Rate Hits 131.7% in May 2022
Year-on-year inflation in Zimbabwe has quickened as follows:
* January 2022 – 60.6%
* April 2022 – 96.4%
* May 2022 – 131.7%
Inflation is the decline of purchasing power of a given currency over time.
This means if you bought a piece of bread for $1 dollar in Zimbabwe in January 2022, you would now be buying it in May 2022 at . . . .
https://bitcoinke.io/2022/05/zimbabwe-inflation-rate-over-100-percent/
Year-on-year inflation in Zimbabwe has quickened as follows:
* January 2022 – 60.6%
* April 2022 – 96.4%
* May 2022 – 131.7%
Inflation is the decline of purchasing power of a given currency over time.
This means if you bought a piece of bread for $1 dollar in Zimbabwe in January 2022, you would now be buying it in May 2022 at . . . .
https://bitcoinke.io/2022/05/zimbabwe-inflation-rate-over-100-percent/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Zimbabwe Inflation Rate Hits 131.7% in May 2022 - BitcoinKE
https://twitter.com/zimstat/status/1529401598748856322 Zimbabwe's inflation rate jumped to 131.7% in May 2022, the statistics office said, as fallout from the Ukraine war hit an already battered economy. The latest figure is up 96.4% from the previous month…