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BitKE is a leading crypto and Web3 focussed media outlet in Africa publishing daily informative and investment news and content.
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REGULATION | EFCC Nigeria Releases List of 8 Nigerians and Kenyans Alleged to Be Behind CBEX Fraud
The Nigeria Economic and Financial Crimes Commission (EFCC Nigeria) has issued a wanted notice for eight individuals accused of participating in a fraudulent operation conducted via an online trading platform called Crypto Bridge Exchange (CBEX).
The Commission shared the announcement through a public notice below:
“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated o
The Commission shared the announcement through a public notice below:
“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated o
EXPLAINER | How Crypto Wallet Screening Helps Prevent Financial Crime
Crypto wallet screening is one of the valuable weapons in combating financial crime. Digital assets are involved in money laundering, financing of other illicit activities, and concealing transactions. Crypto wallet is a technology that can be used to prevent further penetration of such threats before they become a real problem for businesses, governments, and individuals.
In this article, we will discuss what crypto wallet screening is, why it is important, and how adopting complex crypto w
In this article, we will discuss what crypto wallet screening is, why it is important, and how adopting complex crypto w
REGULATION | This Is a Technology We Cannot Prevent, Says Bank of Ghana Governor As He Promises C...
The Bank of Ghana (BoG), which is the Central Bank of Ghana, plans to begin regulating cryptocurrency and associated platforms by the end of September 2025, according to Dr. Johnson Asiama, Governor of the Bank of Ghana (BoG).
Speaking at the African Leaders and Partners Forum, hosted by the EBII Group alongside the IMF/World Bank Spring Meetings in Washington, D.C., Asiama said that the initiative depends on the approval of the Virtual Asset Providers Act.
The legislation will grant the Ba
Speaking at the African Leaders and Partners Forum, hosted by the EBII Group alongside the IMF/World Bank Spring Meetings in Washington, D.C., Asiama said that the initiative depends on the approval of the Virtual Asset Providers Act.
The legislation will grant the Ba
REGULATION | Binance Tightens Crypto Rules for South Africans With New Transfer Requirements
Crypto exchange Binance is set to implement stricter regulations for its South African user base, which will require the submission of details before conducting cryptocurrency transactions.
Updates on Crypto Transfer Procedures in South Africa on #Binance @BinanceAfrica @binance pic.twitter.com/qhIicXPacy
— BitKE (@BitcoinKE) April 24, 2025
In a recent statement, the world’s leading crypto platform announced that starting April 30 2025, crypto receivers in South Africa will need to tender th
Updates on Crypto Transfer Procedures in South Africa on #Binance @BinanceAfrica @binance pic.twitter.com/qhIicXPacy
— BitKE (@BitcoinKE) April 24, 2025
In a recent statement, the world’s leading crypto platform announced that starting April 30 2025, crypto receivers in South Africa will need to tender th
REGULATION | Nigerian Regulator, SEC Nigeria, Once Again Warns Public Against Unauthorized Digita...
The Securities and Exchange Commission of Nigeria (SEC Nigeria) has released a new advisory, cautioning Nigerian investors to stay alert and avoid falling victim to fraudulent investment schemes, such as Ponzi schemes and unauthorized digital asset platforms.
In a statement issued on April 24 2025, the Commission highlighted the significant dangers associated with these unlawful investment activities.
It also underscored the critical role of regulatory compliance in maintaining the integrity a
In a statement issued on April 24 2025, the Commission highlighted the significant dangers associated with these unlawful investment activities.
It also underscored the critical role of regulatory compliance in maintaining the integrity a
LIST | Here Are the 28 Leading African Fintechs Partnering With Circle in New Stablecoin Network
USD Coin ($USDC) issuer, Circle, has introduced the Circle Payments Network (CPN) with the aim of revolutionizing cross-border payments.
According to a press release, the network, to be released in limited capacity in May 2025, connects financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets – enabling real-time settlement of cross-border payments using regulated stablecoins.
“By leveraging $USDC, $EURC, and other regulated s
According to a press release, the network, to be released in limited capacity in May 2025, connects financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets – enabling real-time settlement of cross-border payments using regulated stablecoins.
“By leveraging $USDC, $EURC, and other regulated s
MILESTONE | BNB-Based Decentralized Exchange, PanCakeSwap, Records Highest-Ever Quarter (Q1 2025)...
PanCakeSwap, the leading multi-chain decentralized exchange (DEX), has just wrapped up its strongest quarter since inception – setting a new benchmark with an all-time high of $205.3 billion in trading volume in Q1 2025. This marks a defining moment in PancakeSwap’s journey as it continues to dominate and redefine the decentralized finance (DeFi) landscape.
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Main Takeaways:
PancakeSwap recorded its highest-ever quarterly trading volume since inception with a record-breaking $
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Main Takeaways:
PancakeSwap recorded its highest-ever quarterly trading volume since inception with a record-breaking $
REGULATION | Nigerian Financial Regulator, EFCC, Intensifies Crackdown Against Unlicensed Crypto ...
The Nigeria Economic and Financial Crimes Commission (EFCC) has brought charges against cryptocurrency trading platform, Afriq Arbitrage System (AAS), and its CEO, Jesam Michael, for allegedly committing investment fraud totaling $844,416.36, $10,000, and ₦590 million.
EFCC claims that between September 2022 and June 2023 in Abuja, Nigeria, Michael and his company, without being a licensed bank or authorized financial institution, solicited the public through advertisements to deposit money wit
EFCC claims that between September 2022 and June 2023 in Abuja, Nigeria, Michael and his company, without being a licensed bank or authorized financial institution, solicited the public through advertisements to deposit money wit
REGULATION | Categories of Licenses and Requirements for Those Seeking a Virtual Asset Service Pr...
Kenya is taking a significant step toward regulating the digital finance ecosystem through the Virtual Asset Service Providers Bill 2025. This landmark legislation aims to create a comprehensive legal framework for the licensing, regulation, and supervision of virtual asset service providers (VASPs) in the country.
This bill provides long-awaited clarity for businesses in the virtual asset and fintech space – such as crypto exchanges, digital wallets, NFT platforms, and decentralized finance (D
This bill provides long-awaited clarity for businesses in the virtual asset and fintech space – such as crypto exchanges, digital wallets, NFT platforms, and decentralized finance (D
MILESTONE | Bitcoin Is Now the 5th Largest Asset By Market Capitalization
Bitcoin (BTC) has climbed to become the fifth-largest asset by market capitalization, hitting $1.86 trillion and overtaking Google (GOOG) as its price soared past $94,000.
This represents Bitcoin’s highest-ever ranking, despite its market cap having previously surpassed $2 trillion when its price exceeded $109,000. At that point, however, tech stocks were trading at considerably higher valuations than they are today.
The leading cryptocurrency saw a sharp rise of almost 6% over the past 24 hou
This represents Bitcoin’s highest-ever ranking, despite its market cap having previously surpassed $2 trillion when its price exceeded $109,000. At that point, however, tech stocks were trading at considerably higher valuations than they are today.
The leading cryptocurrency saw a sharp rise of almost 6% over the past 24 hou
TOKENIZATION | Nairobi Securities Exchange (NSE) to Launch Regulated Digital Assets Exchange and ...
Kenya is set to become a continental leader in digital asset trading with the launch of the Kenya Digital Exchange (KDX), a fully regulated tokenization platform developed through a strategic partnership between:
DeFi Technologies
SovFi Inc.
Valour Inc., and
The Nairobi Securities Exchange PLC (NSE)
This announcement follows a previously announced landmark Memorandum of Understanding (MOU) signed by Valour, the Nairobi Securities Exchange (NSE), and SovFi. The agreement is intended to suppo
DeFi Technologies
SovFi Inc.
Valour Inc., and
The Nairobi Securities Exchange PLC (NSE)
This announcement follows a previously announced landmark Memorandum of Understanding (MOU) signed by Valour, the Nairobi Securities Exchange (NSE), and SovFi. The agreement is intended to suppo
CALL for APPLICATIONS | Participate in a Lightning Network Pilot to Send Money From Nigeria to So...
Are you exporting products from South Africa to Nigeria?
Orange, a Lightning network-powered solution is inviting a few businesses to participate in the pilot of its new cross-border payments solution. With its platform, you can receive payments from Nigeria to your South African corporate bank account instantly – at a competitive rate of just 0.75%.
Not to be confused with the Orange mobile network, this Orange is a B2B SaaS company transforming cross-border payments with a Lightning Network-
Orange, a Lightning network-powered solution is inviting a few businesses to participate in the pilot of its new cross-border payments solution. With its platform, you can receive payments from Nigeria to your South African corporate bank account instantly – at a competitive rate of just 0.75%.
Not to be confused with the Orange mobile network, this Orange is a B2B SaaS company transforming cross-border payments with a Lightning Network-
LIST | 5 Nigerian States and Government Agencies Leading the Charge in Blockchain Adoption
While Nigeria is widely recognized as the leading country in Africa for consumer adoption of cryptocurrency, a quieter but equally significant movement is underway among enterprises and government institutions.
Beyond retail enthusiasm, the country is witnessing growing interest from public and private sector players looking to leverage blockchain technology.
According to a recent report by Hashed Emergent VC, several publicly funded and government-backed institutions have initiated efforts to
Beyond retail enthusiasm, the country is witnessing growing interest from public and private sector players looking to leverage blockchain technology.
According to a recent report by Hashed Emergent VC, several publicly funded and government-backed institutions have initiated efforts to
CALL for APPLICATIONS [DEADLINE: MAY 9 2025] | Google for Startups Accelerator Invites Applicatio...
Google has opened applications for the 9th edition of its Google for Startups Accelerator Program.
The three-month hybrid program, tailored for AI-focused startups in Africa from Seed to Series A stage, is set to begin in June 2025.
The 9th cohort will include 10 to 15 startups addressing real-world challenges. The program combines virtual and in-person sessions, along with focused sprint projects. In addition, participating founders will be matched with Google industry experts to help refi
The three-month hybrid program, tailored for AI-focused startups in Africa from Seed to Series A stage, is set to begin in June 2025.
The 9th cohort will include 10 to 15 startups addressing real-world challenges. The program combines virtual and in-person sessions, along with focused sprint projects. In addition, participating founders will be matched with Google industry experts to help refi
BITCOIN | German Bitcoin Miner Looking to Launch a 10MW Facility in Ethiopia
German Bitcoin mining company, TeraHash, is gearing up to launch its first facility in Ethiopia, according to local reports.
The company is currently raising $5 million to establish a 10-megawatt (MW) site near Addis Ababa, Ethiopia, with operations expected to commence in the next two to three months capitalizing on the East African nation’s emergence as a major Bitcoin mining hub.
Ethiopia’s Rise as a Bitcoin Mining Haven in 2024: A Thread of Milestones
1/ This #thread breaks down the full
The company is currently raising $5 million to establish a 10-megawatt (MW) site near Addis Ababa, Ethiopia, with operations expected to commence in the next two to three months capitalizing on the East African nation’s emergence as a major Bitcoin mining hub.
Ethiopia’s Rise as a Bitcoin Mining Haven in 2024: A Thread of Milestones
1/ This #thread breaks down the full
BITCOIN | German Bitcoin Miner Looking to Launch a 10MW Facility in Ethiopia
German Bitcoin mining company, TeraHash, is gearing up to launch its first facility in Ethiopia, according to local reports.
The company is currently raising $5 million to establish a 10-megawatt (MW) site near Addis Ababa, Ethiopia, with operations expected to commence in the next two to three months capitalizing on the East African nation’s emergence as a major Bitcoin mining hub.
Ethiopia’s Rise as a Bitcoin Mining Haven in 2024: A Thread of Milestones
1/ This #thread breaks down the full
The company is currently raising $5 million to establish a 10-megawatt (MW) site near Addis Ababa, Ethiopia, with operations expected to commence in the next two to three months capitalizing on the East African nation’s emergence as a major Bitcoin mining hub.
Ethiopia’s Rise as a Bitcoin Mining Haven in 2024: A Thread of Milestones
1/ This #thread breaks down the full
TOKENIZATION | South African Tokenized Assets Exchange, Mesh.Trade, and Gold NeoBank, ToryGold, N...
According to local reports, tokenized financial assets exchange, Mesh.trade, has announced the launch of Bullion Krugerrand Tokens on its platform.
These tokens, issued by gold neobank, TroyGold, represent physical gold, securely stored in Brink’s vaults located in Johannesburg – a facility known worldwide for its high security.
Through tokenization, Mesh.trade enables investors to purchase fractional shares of a 1 oz Krugerrand coin, with a starting investment of just R5 ($0.27).
Each tim
These tokens, issued by gold neobank, TroyGold, represent physical gold, securely stored in Brink’s vaults located in Johannesburg – a facility known worldwide for its high security.
Through tokenization, Mesh.trade enables investors to purchase fractional shares of a 1 oz Krugerrand coin, with a starting investment of just R5 ($0.27).
Each tim
FUNDING | Morocco’s Reg-Tech, VOVE ID, Secures Funding From Baobab Network
Moroccan reg-tech startup, VOVE ID, has secured fresh investment from The Baobab Network to boost its expansion efforts throughout Africa and the Middle East.
Although the investment amount remains undisclosed, this funding represents a significant step forward for the premium digital identity verification firm. Since its launch earlier this year [2025], VOVE ID has quickly gained momentum with its secure, AI-powered Know Your Customer (KYC) solution.
Established in 2024 by Khalid Aoussar, Tar
Although the investment amount remains undisclosed, this funding represents a significant step forward for the premium digital identity verification firm. Since its launch earlier this year [2025], VOVE ID has quickly gained momentum with its secure, AI-powered Know Your Customer (KYC) solution.
Established in 2024 by Khalid Aoussar, Tar
REPORT | Crypto Market Cap Fell 18% in Q1 2025 to $2.8 Trillion, Bitcoin Dominance Rises to Near 60%
The total crypto market capitalization declined by 18.6% ($633.5 billion) in Q1 2025 closing the quarter at $2.8 trillion, according to a quarterly reports by CoinGecko.
The market peaked locally at $3.8 trillion on January 18 2025, just two days before Donald Trump’s inauguration, but began a downward trend that continued through the rest of the quarter. Average daily trading volume also saw a sharp drop, falling 27.3% quarter-over-quarter to $146.0 billion, down from $200.7 billion in Q4 2024
The market peaked locally at $3.8 trillion on January 18 2025, just two days before Donald Trump’s inauguration, but began a downward trend that continued through the rest of the quarter. Average daily trading volume also saw a sharp drop, falling 27.3% quarter-over-quarter to $146.0 billion, down from $200.7 billion in Q4 2024
REPORT | Nigeria Web3 Developers Rise to 1.1 Million Surpassing the Rest of the Continent – Almos...
Nigeria has taken the lead in Africa’s Web3 ecosystem, accounting for 4% of all new developers worldwide in 2024 – surpassing every other African nation – according to the Nigeria Web3 Landscape 2024 Report by venture capital firm, Hashed Emergent.
According to the report, which also revealed the emergence of blockchain infrastructure startups in Nigeria, the country experienced 28% YoY growth in its developer community in 2024, surpassing 1.1 million developers.
REPORT | Nigeria’s Web3 Infras
According to the report, which also revealed the emergence of blockchain infrastructure startups in Nigeria, the country experienced 28% YoY growth in its developer community in 2024, surpassing 1.1 million developers.
REPORT | Nigeria’s Web3 Infras
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