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Creditors of the collapsed Bitcoin scheme Mirror Trading International (MTI) have filed an urgent application in the Cape High Court, seeking to restrain and ultimately remove the joint liquidators amid mounting concerns that estate assets are being depleted by prolonged legal costs and overseas

The Reserve Bank of Zimbabwe launched a gold-backed digital currency on May 8, 2023, to stabilize the declining Zimbabwe dollar and offer an investment alternative. This initiative aims to expand economic value-preserving instruments and combat inflation.

DAMREV has secured a $330 million deal to tokenize a copper mine in Namibia, promoting fractional ownership and liquidity. This project aims to enhance investment access, operational efficiency, and local economic participation, setting a precedent for future asset tokenization in Africa.

Cairo fintech Lucky ONE raised $3 million in a convertible note to enhance its credit services and path to profitability by Q1 2025. The funds will support growth and commitment to financial inclusion for underbanked Egyptians.

The Ethereum Foundation's 2023 budget, outlined by Vitalik Buterin and Josh Stark, prioritizes new institutions, research, community development, and zero-knowledge applications, while responding to criticism about its DeFi stance and promoting blockchain education.

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Google has opened applications for the 8th cohort of its Google for Startups Accelerator Africa, focusing on AI and ML startups. The equity-free program offers mentorship, resources, and $350,000 in Google Cloud Credits, aimed at driving digital transformation across the continent.

Lisk's $15 million EMpower Fund will support post-incubation Web3 startups in Africa, Latin America, and Southeast Asia with funding and hands-on assistance. It aims to bridge the capital gap and ensure real-world utility, addressing past funding failures in emerging markets.

The Bitcoin network reached a major milestone by processing its one billionth transaction on May 5, 2024, reflecting its efficient handling of an average of 178,475 transactions daily since its inception in 2009.

Ripple has partnered with MFS Africa to enhance real-time mobile payments across 35 African countries. The collaboration aims to utilize Ripple's On-Demand Liquidity solution to address issues like high fees and slow settlements, while supporting MFS Africa's broader crypto strategy.

Kenya leads with 350,000 WorldCoin subscriptions, raising concerns over data security and sovereignty as the firm engaged local agents to collect iris data for global storage. Investigations reveal potential risks due to lack of regulatory approval and physical presence.

The Kenyan government has dropped financial impropriety charges against Flutterwave, following a freeze on its bank accounts due to money laundering allegations. Flutterwave denied the accusations, asserting compliance with regulatory standards.

Nigerian digital lending startup Carrot, has secured US$4.2 million in seed funding to expand access to credit for individuals and businesses across Africa.
Carrot enables users to unlock credit by using assets such as stocks, fixed-income instruments, crypto, and other alternative investments as c