A Look at WorldCoin, The Cryptocurrency and Identity Project Designed for the Age of Artificial Intelligence

WorldCoin is described as an open-source protocol, or system, created to help give everyone access to the global economy. According to its promoters, which include the CEO of OpenAI, Sam…

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REGULATION | ConsenSys Sued by The United States SEC for Brokering Securities on MetaMask Swaps

The United States Securities and Exchange Commission (SEC) has filed a suit against MetaMask parent company, ConsenSys, alleging that the company ‘acted as an unregistered broker of crypto asset securities…

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REGULATION | ‘Nigerian Youth Are Drawn to Cryptocurrencies Because of their Secretive Nature,’ Says SEC Nigeria

According to the Nigerian Securities Exchange Commission (SEC), many Nigerian youths are embracing cryptocurrencies because of the secretive nature of the transactions.   “Secrecy of crypto usage is what is…

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CRYPTO MARKETS | Spot Bitcoin ETFs Begin to Pick Up After ‘One of the Worst Weeks for Bitcoin in 2024’

Spot bitcoin exchange-traded funds in the U.S. reported $21.52 million in net inflows on June 26 2024, continuing the positive streak that began the previous day. According to data from…

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FUNDING | Egyptian Fintech, Connect Money, Closes $8 Million Seed Round to Scale Operations in Morocco, Kenya

Connect Money, an Egyptian banking-as-a-service fintech company focused on embedded finance services, has closed a seed funding round worth $8 million to help it scale operations across Africa. The round…

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FINTECH AFRICA | Nigerian Fintech, Opay, Valuation Increases By 30% After 4x User Growth and 60% Revenue Increase Since Series C Round in 2021

The valuation of Nigerian fintech startup, Opay, has increased by 30% since its Series C funding round in 2021, according to recent corporate filings by Opera. As reported by BitKE…

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KENYA FINANCE BILL 2024 | ‘Most of the Taxes in Kenya Finance Bill Target Businesses And Ultimately Move to Final Consumer,’ Experts Say

Kenya’s controversial finance bill that has attracted a new wave of protests in the country will affect the economy largely due to its direct taxes, experts opine. According to local…

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