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BitKE is your one-stop destination for all things Bitcoin, cryptocurrencies, and Blockchain in Africa. We cover events, meetups, and interviews with founders and experts in the cryptocurrency and Blockchain space across Africa. Everything Decentralized !
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Binance Targets VIP Clients and Institutions with New Service

Here is a list of some of the groups and individuals targeted by Binance Institutional:

* Asset Managers
* Brokers
* Hedge Funds
* Family Offices
* Proprietary Trading Firms
* Liquidity Providers
* HNWIs
* Mining Companies

What will the product offer the above? Check out this post for details:

https://bitcoinke.io/2022/06/binance-targets-vip-clients-and-institutions/
Nigeria’s Xend Finance Hits 100K Users and Enables Local Currency Conversions to StableCoins

Xend Finance, a leading Decentralized Finance (DeFi) platform in Africa, has announced it has crossed 100, 000 users on its savings platform.

The Binance and Google Launchpad-backed company will also now allow users from Ghana and Kenya to convert their local currency – Cedis and Shillings – to stable cryptocurrency and save.

Recognizing the milestone, CEO and Co-Founder of Polygon, Sandeep Nailwal, said: .......

https://bitcoinke.io/2022/06/xend-finance-hits-100k-users/
Chairman of Capital Markets Authority of Kenya🇰🇪 (CMA Kenya) Reportedly Welcomes Crypto Innovations to CMA Kenya Sandbox

CMA Kenya will accommodate crypto startups to its sandbox, according to Chairman, Nicholas Nesbitt

In 2021, the regulator disclosed that out of 24 applications submitted to the sandbox since March 2019, at least 9 have been related to blockchain technology and tokenization of real estate. However in an exclusive BitKE article, CMA admitted that they had faced several challenges with blockchain firms in the sandbox.

See details here:
https://bitcoinke.io/2022/07/cma-kenya-reportedly-welcomes-crypto-innovations-to-the-sandbox/
Celo Announces Web3 Fund for African Startups Looking to Transition From Web2

Up to 50 successful applicants will secure access to equity investors, venture capital funding, technical and business mentorship, marketing support, and DEX Listings

See details and deadlines for applications:

https://bitcoinke.io/2022/07/celo-announces-web3-fund-for-african-startups/
Why is this UN Body Pushing for Developing Nations in Africa to Regulate CryptoCurrencies?

The United Nations Conference on Trade and Development (UNCTAD) says crypto could replace ‘domestic currencies.’

https://bitcoinke.io/2022/07/unctad-pushing-for-developing-nations-to-regulate-crypto/
Mercy Corps is Piloting a Buy Now Pay Later Product for Street Food Vendors in Kenya🇰🇪 by Leveraging DeFi

The pilot, in partnership with Kwanza Tukule, a company that helps small food vendors across Kenya get their supplies, will test the provision of cheaper and short-term capital to MSMEs in Nairobi (including informal food vendors, micro-retailers, and gig economy drivers).

Liquidity providers globally will deposit fiat currency into the SympliFi platform bridged to a stablecoin and into Kenya Shillings

See the pilot details here:
https://bitcoinke.io/2022/07/bnpl-defi-pilot-for-street-vendors-in-kenya/
Bank of Central African States Now Considering Joint CBDC for 6 Francophone African Countries

The board of the Bank of Central African States (BEAC), the regional bank for the Economic and Monetary Community of Central Africa (CEMAC) member states, is asking the bank to launch a Central Bank Digital Currency (CBDC).

BEAC stated roles include:

* Manage the region’s monetary policy
* Issue currency
* Drive the exchange rate of the region
* Manage the foreign reserves of the member states
* Facilitate payments and settlement systems

https://bitcoinke.io/2022/07/beac-considering-joint-cbdc/
Kenya🇰🇪 CBDC Will Derail ‘Remarkable’ Fintech and M-PESA Progress, Warns IMF

The IMF urged Kenya to offer assurances that the CBDC would not 'substitute' existing innovations, but instead, would 'complement.'

IMF also raised doubts over the feasibility of the central bank sharing CBDC data to support private lenders saying . . . .

https://bitcoinke.io/2022/07/kenya-cbdc-will-derail-fintech-progress-warns-imf/
How This Kenyan Solana NFT Project Raised 1,000 $SOL to Create Over 1,000 Jobs in Africa’s Largest Slum

Through an initiative they called 'Pandas not Plastic Initiative,' they sought 1,000 $SOL, with degens as well as other $SOL holders, contributing small amounts on fundraising platforms such as Stata Protocol.

Some of the community members also minted degen Panda NFTs with funds going to the fundraise.

This post explores the project and how it was able to raise the funding:

https://bitcoinke.io/2022/07/kenyan-solana-nft-project-raises-1000-sol/
Top 10 Largest Raises in Crypto in Q2 2022

When it comes to the top 10 Q2 2022 deals, Epic Games leads the way with a $2 billion investment from the likes of Sony, as the video games developer pursues Web3.

Here is the list of the largest raises in Q2, 2022 (No.6 is a fast-growing protocol in Africa):

https://bitcoinke.io/2022/07/top-10-largest-raises-in-crypto-in-q2-2022/
CAR🇨🇫 Citizenship Now Available If You Hold $60K Worth of Sango Coins for 5 Years

Here is what you can get by holding Sango Coins:

* Buy Central African Republic (CAR) citizenship for $60,000 worth of Sango Coins held for 5 years

* e-Residency in CAR available for $6,000 held for 3 years

* A 250-metre square plot in CAR for $10,000 for 10 years

See more details here:
https://bitcoinke.io/2022/07/central-african-republic-citizenship-worth-60k-dollars-for-5-years/
[IN PICTURES 🖼] The Celo Africa Web3 Fund Inaugural Event Kicks Off in Kenya 🇰🇪 – Next Stop, Nigeria 🇳🇬

The Celo Web3 fund is a funding initiative that seeks to provide financial investments through its VC partners and technical assistance for projects looking to transition from Web2 to Web3.

Here is the 2022 Celo Web3 Fund itinerary:

* July - Kenya🇰🇪
* August - Nigeria🇳🇬
* September - Ghana🇬🇭
* October - Uganda🇺🇬
* November - South Africa🇿🇦

https://bitcoinke.io/2022/08/the-celo-africa-web3-fund-inaugural-event/
The Kenya🇰🇪 Copyright Board Issues Advisory Against Exploiting 'Copyrighted Memes' as NFTs

The regulatory board went further and stated that ulitilizing such memes as non-fungible tokens (NFTs) amounts to copyright infringement under the laws of Kenya

https://bitcoinke.io/2022/08/the-kenya-copyright-board-issues-advisory-against-nfts-copyright/