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/
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/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Binance Targets VIP Clients and Institutions with New Service - BitcoinKE
Binance, one of the leading crypto exchanges globally, has launched Binance Institutional, which will provide premium services targeting VIPs and institutions. In the landing page for the new offering, we can see that Binance Institution will have 4 key services:…
🇺🇬 Seeks CBDC Lessons from 🇳🇬
In a tweet, the Central Bank of Nigeria (CBN) indicated that Governor, Godwin Emefiele, had advised visiting Bank of Uganda officials on the establishment of a Central Bank Digital Currency (CBDC).
https://bitcoinke.io/2022/06/uganda-seeks-cbdc-lessons-from-nigeria/
In a tweet, the Central Bank of Nigeria (CBN) indicated that Governor, Godwin Emefiele, had advised visiting Bank of Uganda officials on the establishment of a Central Bank Digital Currency (CBDC).
https://bitcoinke.io/2022/06/uganda-seeks-cbdc-lessons-from-nigeria/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Uganda Seeks CBDC Lessons from Nigeria - BitcoinKE
https://twitter.com/cenbank/status/1524036664531853313 Nigeria's experience in launching the first CBDC in Africa, and among the first in the world, is being sought by officials of the Bank of Uganda (BoU) which continues to explore its own CBDC. In a tweet…
9 Out of 13 African Countries Chasing CBDCs Are in Research Phase, Says The IMF
African countries researching CBDCs are:
🇰🇪
🇲🇬
🇲🇺
🇳🇦
🇷🇼
🇹🇿
🇺🇬
🇿🇲
🇿🇼
https://bitcoinke.io/2022/06/13-african-countries-chasing-cbdcs-says-imf/
African countries researching CBDCs are:
🇰🇪
🇲🇬
🇲🇺
🇳🇦
🇷🇼
🇹🇿
🇺🇬
🇿🇲
🇿🇼
https://bitcoinke.io/2022/06/13-african-countries-chasing-cbdcs-says-imf/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
9 Out of 13 African Countries Chasing CBDCs Are in Research Phase, Says The IMF - BitcoinKE
According to the International Monetary Fund (IMF), 13 countries in Africa are in various stages of piloting, deploying and even using Central Bank Digital Currencies (CBDCs). CBDCs are digital versions of cash that are more secure and less volatile than…
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/
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/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Nigeria’s Xend Finance Hits 100K Users and Enables Local Currency Conversions to StableCoins - BitcoinKE
JUNE 29, 2022, Enugu, Nigeria Xend Finance, a leading Decentralized Finance (DeFi) platform in Africa, has announced it has crossed 100, 000 users on its savings platform. At the same time, it has announced the opening of the platform to savings in local…
Bank of International Settlements (BIS) Proposes Letting Banks Hold 1% of Reserves in #Bitcoin
This was revealed in its consultative document titled ‘Second consultation on the prudential treatment of cryptoassets,’ published in June 2022.
https://bitcoinke.io/2022/07/bis-proposes-letting-banks-hold-reserves-in-bitcoin/
This was revealed in its consultative document titled ‘Second consultation on the prudential treatment of cryptoassets,’ published in June 2022.
https://bitcoinke.io/2022/07/bis-proposes-letting-banks-hold-reserves-in-bitcoin/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Bank of International Settlements (BIS) Proposes Letting Banks Hold 1% of Reserves in Bitcoin - BitcoinKE
The Basel Committee on Banking Supervision (BCBS), a committee of the Bank for International Settlements (BIS) has made a proposal for limiting the banks’ total exposures to “Group 2 cryptoassets to 1% of Tier 1 capital.” This was in its consultative document…
[WATCH] FBI Offers $100,000 for Most Wanted Crypto Fugitive, ‘CryptoQueen’ – Founder of OneCoin
The security agency says Ignatova is the newest addition to its 10 Most Wanted Fugitives List. Ruja wanted for allegedly leading crypto fraud scheme
See details:
https://bitcoinke.io/2022/07/cryptoqueen-most-wanted-crypto-fugitive-by-fbi/
The security agency says Ignatova is the newest addition to its 10 Most Wanted Fugitives List. Ruja wanted for allegedly leading crypto fraud scheme
See details:
https://bitcoinke.io/2022/07/cryptoqueen-most-wanted-crypto-fugitive-by-fbi/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
[WATCH]FBI Offers $100,000 for Most Wanted Crypto Fugitive, ‘CryptoQueen’ – Founder of OneCoin - BitcoinKE
https://twitter.com/FBI/status/1542542569351135233 The Federal Bureau of Investigation (FBI) is offering a reward of up to $100,000 for information leading to the arrest of Ruja Ignatova, popularly known as 'CryptoQueen.' The security agency says Ignatova…
The Second of the 3 Public Ethereum Testnets, Sepolia, Transitions to PoS Ahead of Full Merge
This event means Ethereum is one more step closer to create a full PoS Ethereum blockchain.
See full details here:
https://bitcoinke.io/2022/07/sepolia-transitions-to-pos/ @ethereum
This event means Ethereum is one more step closer to create a full PoS Ethereum blockchain.
See full details here:
https://bitcoinke.io/2022/07/sepolia-transitions-to-pos/ @ethereum
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
The Second of the 3 Public Ethereum Testnets, Sepolia, Transitions to PoS Ahead of Full Merge - BitcoinKE
https://twitter.com/TimBeiko/status/1542593831937273857 The Ethereum merge draws closer after the deployment of ETH 2.0 on the second Testnet, Sepolia. The Ropsten Testnet beacon chain was launched earlier and since it went smoothly, the next key step towards…
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/
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/
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/
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/
[WATCH] Ethereum ( $ETH ) Price History Bar Chart in the Last 7 Years (November 2015 – May 2022)
The video highlights the progress of Ethereum's value over time covering different ups and downs from November 2014 - May 2022.
https://bitcoinke.io/2022/07/ethereum-price-history-over-the-last-7-years/
The video highlights the progress of Ethereum's value over time covering different ups and downs from November 2014 - May 2022.
https://bitcoinke.io/2022/07/ethereum-price-history-over-the-last-7-years/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
[WATCH] Ethereum Price History Bar Chart in the Last 7 Years (November 2015 – May 2022) - BitcoinKE
https://youtu.be/LPHjgni4pYE The recent crypto crash continues to define the entire crypto space, especially for new entrants into the space. Compared to the $4.8K high of Ethereum in recent history and its drop to below $1.3K, as of this writing, it is hard…
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/
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/
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/
SeedStars Launches $30 Million Emerging Market Fund Targeting Seed Stage Startups
Since 2013, they have supported over 90 emerging market venture ecosystems. In June 2019, its pitching competition in Kenya had 10 pitchers, including 3 blockchain-based.
https://bitcoinke.io/2022/07/seedstars-launches-30-million-dollars-emerging-market-fund/
Since 2013, they have supported over 90 emerging market venture ecosystems. In June 2019, its pitching competition in Kenya had 10 pitchers, including 3 blockchain-based.
https://bitcoinke.io/2022/07/seedstars-launches-30-million-dollars-emerging-market-fund/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
SeedStars Launches $30 Million Emerging Market Fund Targeting Seed Stage Startups - BitcoinKE
SeedStars has launched the second emerging market seed stage fund, SeedStars International Ventures II, with $20 million already committed by the following investors: International Finance Corporation (IFC) VISA Foundation The Rockefeller Foundation Symbiotics…
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/
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/
BitcoinKE - Reporting on Fintech, Crypto, and Blockchain Activity in Africa
Kenya CBDC Will Derail ‘Remarkable’ Fintech and M-PESA Progress, Warns IMF - BitcoinKE
IMF (International Monetary Fund) has come out to warn that Kenya risks disrupting the 'remarkable' financial progress that has been spearheaded by banks and mobile money players. In a statement, IMF said it was important that the Kenya central bank digital…
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/
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/
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/
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/
BitKE
Central African Republic Citizenship Now Available If You Hold $60K Worth of Sango Coins for 5 Years
Reporting on Fintech, Crypto, and Blockchain Activity in Africa
[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 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/
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/