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[HACKATHON: JANUARY 26-28 2024] Hedera and Dar Blockchain Launch the First Hedera Web3 Hackathon in Tunisia
Tunisia is set to witness the first Hedera hackathon which will take place between Janauary 26-28 2024.
The hackathon is a collaborative effort between the following entities:
Dar Blockchain – Tunisian Web3 company and a pionner of the blockchain space in the country
The Hashgraph Association (H
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OPINIÓN DE EXPERTOS | Por qué las cadenas de bloques diseñadas específicamente están en auge
Durante años, las cadenas de bloques de propósito general se han presentado como plataformas capaces de soportar casi cualquier aplicación. Pero a medida que la adopción avanza más allá de los experimentos y entra en industrias reales, las grietas comienzan a aparecer. En la práctica, las llamadas cadenas de bloques “universales” están cada vez más luchando por cumplir con ellas.
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FINTECH AFRICA | Leading Nigerian Fintech, PayStack, Reduces Operations Outside of Africa, Moves to Prioritize Local Teams
PayStack, the Nigerian fintech acquired by Stripe in 2020 for $200 million, is reportedly laying off 33 workers in Europe and the United Arab Emirates (UAE).
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REGULATION | African Fintech Unicorn, Flutterwave, Acquires 13 Licenses from United States in Continued Expansion
Flutterwave has acquired money transfer licenses in 13 U.S. states, enhancing its ability to facilitate secure, cost-effective money transfers between the U.S. and Africa. This strategic move expands its reach to 29 states, supporting the African diaspora. The company is also expanding globally, having acquired additional licenses in Africa and launched services in India.
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FUNDING | Egyptian Fintech, Munify, Raises $3 Million Seed Round From Blockchain and Crypto Investor, DCG
Munify, a fintech startup backed by Y Combinator, has secured $3 million in seed funding to enhance Egypt's remittance services, targeting faster and cheaper cross-border transfers. With the growing remittance market and over 10 million Egyptians abroad, Munify aims to improve financial inclusion and cater to both individual and enterprise clients. The funding will facilitate team scaling and regulatory partnerships, supporting future expansion into Gulf, Europe, and the UK.
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FUNDING | Nigerian Fintech, BillBoxx, Raises $1.6 Million in Pre-Seed Funding Round After Facilitating $4 Million via its MVP
Nigerian fintech Billboxx has raised $1.6 million in pre-seed funding to address cash flow issues for SMEs in Africa through its integrated billing-to-payment platform, streamlining invoicing and enhancing payment efficiency.
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Encrypted Web3 Email Marketing Service, EtherMail, Wants to Dethrone MailChimp
EtherMail is a Web3 email platform offering anonymous, encrypted wallet-to-wallet communication. It enables businesses to engage asset holders with real-time data while rewarding users for reading. Following MailChimp's withdrawal from the blockchain sector, EtherMail aims to enhance secure communication and mitigate phishing risks.
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STABLECOINS | Western Union to Introduce ‘Stable Cards’ in High-Inflation Economies as Part of its Stablecoin Strategy
Western Union plans to roll out a ‘stable card’ aimed at consumers in high-inflation economies – part of a broader stablecoin and digital-asset strategy.
Speaking at the UBS Global Technology and AI conference, CFO Matthew Cagwin said this initiative builds on earlier announcements that Western Uni
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Mara Reportedly Lays Off 85% of its Workforce and Implements Salary Cuts Amid Claims of Over-Spending
Pan-African crypto company, Mara, which made headlines when it raised $23 million in one of the biggest Web3 raises on the continent, has laid off approximately 85% of its employees and implemented salary cuts for remaining employees, a new report alleges.
Quoting a source within the company, the r
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FUNDING | 5 African Projects Among the Recipients of $12.8 Million Ethereum Ecosystem Grant Program in Q3 2024
Ethereum awarded $12.8 million in grants to 75 projects in Q3, including five companies from Africa, to enhance its ecosystem. Notable projects include training programs and workshops in Kenya, Rwanda, and Nigeria.
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LIST | Google Unveils 10 AI and ML Startups from Sub-Saharan Africa for its 2024 Accelerator Cohort
Google has unveiled its 2024 Google for Startups Accelerator Africa Cohort, selecting ten startups from nearly 1,000 applicants across Kenya, Nigeria, Rwanda, and South Africa. The program offers mentorship and resources for growth from July to September 2024.
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STUDY | South Africa Leads Globally Among Countries with Largest Declines in CBDC Interest
A 2024 research paper evaluates the early impacts of CBDC adoption on macroeconomic indicators and subjective well-being, finding limited effects on GDP growth and inflation despite substantial enthusiasm for CBDCs.
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