REALITY CHECK | Why Africa’s Tech Dream is Political

Here’s the thing no one tells you at all those tech events and innovation summits:

* You can’t build Africa’s Amazon without roads.

* You can’t build a data infrastructure without a stable national grid.

* You can’t run a cross-border payments network without harmonisation of regional policies.

There’s a comforting myth that tech can rise above politics.

That we can engineer solutions around our messy governments with enough capital, code, and cleverness. But the longer I’ve been in this space, the clearer it’s become:

Africa has no apolitical innovation.

We need a new generation of founders who are also statesmen. Of investors who are also advocates. And technologists who don’t see governance as an issue of great inconvenience.

https://bitcoinke.io/2025/05/why-the-africa-tech-dream-is-political/

Stablecoin infrastructure provider, BlockRadar has more than doubled its TPV in just 2 months.

We got to chat with Morgan Williams, the Co-Founder and COO and talk about their work in Africa.

Full interview dropping soon.

REPORT | 45% of Africans Use Wallets for Payments, Says Latest May 2025 Bitget Report

The 2025 Bitget Wallet Onchain Report shows that #African users are leading in crypto wallet utility, from remittances to rewards.

Explore how wallets are becoming the financial backbone of the continent.

https://bitcoinke.io/2025/05/bitget-may-2025-report/

INTRODUCING | STON.fi Integrates Ethena’s USDe Collateralized hashtag#Stablecoin to Expand Reward Opportunities on TON and Telegram

“We’ve seen increasing interest from TON users in finding stable, transparent ways to on-chain reward strategies,” said Slavik Baranov, CEO of STON.fi Dev.

“With USDe, the ecosystem is introduced with more than just a new on-chain asset – it’s an integration of a reward-bearing asset that helps users manage their holdings without giving up control or flexibility. It’s a meaningful step forward for DeFi on TON.”


https://bitcoinke.io/2025/05/ston-fi-integrates-usde-on-ton/

🚨Crypto is legal in Nigeria 🇳🇬 - but banks still say no.

Even licensed exchanges can’t get accounts, leaving the industry in limbo.

Legal in law. Blocked in practice.

Nigeria’s crypto future is stuck - until regulators and banks align.

🧵⬇️ https://bitcoinke.io/2025/05/crypto-is-legal-in-nigeria-until/

TOKEN ANALYSIS | Ethereum's Pectra Revival – Inside the Upgrade Powering a 50% Price Surge

These enhancements have revitalized the Ethereum community, restoring confidence among developers and investors.

The Ethereum Foundation's recent leadership changes and a renewed focus on Layer 1 scaling and user experience have further contributed to this positive sentiment.

https://bitcoinke.io/2025/05/ethereum-pectra-revival/

LAUNCH | Nigerian DeFi Startup, Xend Finance, Partners with Nigerian Investment Fintech, RiseVest, to Launch a Tokenized Stocks Platform

Why This Matters

Across Africa and many emerging markets, the road to building long-term wealth is blocked by:

* Limited access to stable, dollar-based investments
* High minimum entry thresholds (often $500+)
* Local currency devaluation and inflation

Now, everyday users can:
* Own a portion of global real estate portfolios
* Invest in global tech stocks
* Use stablecoins instead of going through bank hurdles.
* Hold secure, on-chain, asset-backed tokens.

Powered by Asset Chain, Xend Finance users can now invest in tokenized global real estate and stock options using stablecoins with as little as $5 - in partnership with RiseVest - redefining investment for the next billion users.

https://bitcoinke.io/2025/05/xend-finance-to-launch-tokenized-stocks-platform/

REGULATION | Nigerian 🇳🇬 Fintech, Fincra, Secures South African 🇿🇦 Licence, Taps Ex-Binance Africa Director to Power Payments Across Africa

Fincra, founded in 2021, provides API-driven infrastructure that allows remittance companies, e-commerce platforms, fintechs, and logistics providers to collect payments globally and settle locally.

Since 2023, the company has processed over $10 billion in transactions, serving clients including stablecoin service providers across Africa.

https://bitcoinke.io/2025/05/fincra-secures-south-african-licence/

FUNDING | Crypto-Friendly Nigeria Lending Fintech, Carrot, Raises $4.2 Million in Seed Funding After Crossing 10K Users

Inspired by global players like BlockFi and Robinhood, Carrot is bringing asset-backed lending to an African market where such services are still emerging.

By helping everyday investors unlock the value of their portfolios, Carrot is building a financial bridge between digital assets and real-world credit access.

Carrot operates an embedded B2B2C model, aiming to partner with fintechs, brokerages, and digital wealth platforms. This strategy fits into the continent’s growing embedded finance trend, where financial services are seamlessly woven into non-financial apps and platforms to enhance user experience and broaden access.

https://bitcoinke.io/2025/06/carrot-raises-seed-funding/

INTRODUCING | Solana Labs Launches Mobile App Kit with Wallets, NFTs, Trading & 18+ Protocols – All Open Source – for Android and iOS Development on the Solana blockchain

With built-in modules for wallets, NFTs, trading, fiat on-ramps, and real-time market data, the kit is designed to give devs everything they need out of the box - while keeping things modular enough to stay lean.

The Solana App Kit is a production-ready framework built on React Native + Expo, targeting fast, cross-platform mobile app development. Think of it as a crypto-native mobile dev starter pack – one that streamlines all the headaches of integrating blockchain functionality.

Key features include:

* Embedded wallets with social login
* Token trading via Jupiter, Raydium, and Pump.fun
* NFT marketplace tools (Tensor, Metaplex)
* Real-time market data via Helius, Birdeye, CoinGecko
* Fiat on-ramp through MoonPay

Developers can pick and choose which modules they need – no extra bloat, no unnecessary dependencies. The architecture is modular, TypeScript-friendly, and designed to scale with your app.

https://bitcoinke.io/2025/06/introducing-solana-app-kit/

INTRODUCING | The CV Labs Cardano Foundation Accelerator Kicks Off with 9 Startups – 2 Are Africa-Focussed

This global accelerator is exclusively designed for projects building within the Cardano ecosystem. It extends the support lifecycle beyond Catalyst and positions startups to attract outside investment, form global partnerships, and break into real-world markets.

With strategic mentorship, technical guidance, and deep integration into the Swiss Crypto Valley ecosystem – which has grown 132% since 2020 and now includes 1,749 blockchain companies – the accelerator creates unmatched access to infrastructure partners, investors, and regulatory expertise.

“This program represents Cardano’s evolution,” said Janis Aguilar, Head of Acceleration at CV Labs.

“It’s not just about building blockchain. It’s about building where blockchain matters most.”

https://bitcoinke.io/2025/06/introducing-cv-labs-cardano-accelerator/

REGULATION | Singapore Orders Local Crypto Firms to Halt Overseas Activity by June 30 2025

The Monetary Authority of Singapore (MAS) announced the deadline in its response to industry feedback on the proposed regulatory framework for Digital Token Service Providers (DTSPs) under the Financial Services and Markets Act of 2022 (FSM Act).

MAS made clear there will be no transitional arrangements. Any company, partnership, or individual incorporated in Singapore and providing digital token (DT) services abroad must either stop operations or obtain a license once the DTSP provisions come into force at the end of June 2025.

VIOLATIONS COULD BRING FINES AND JAIL TIME

Failure to comply could lead to fines of up to 250,000 Singapore dollars (around $200,000) and up to three years in prison.

https://bitcoinke.io/2025/06/singapore-halts-local-crypto-firms-overseas-activity/

INTRODUCING | Trust Wallet Launches Buy+ to Simplify Crypto Access – Available Across Africa Except for Nigeria

The feature allows anyone to purchase tokens on:

* BNB Chain Innovation
* Base by Coinbase, and
* Solana by Solana Labs

using fiat – without needing to own crypto assets or understand complex crypto workflows.

As reported by BitcoinKE, Nigeria’s exclusion may be tied to recent regulatory and banking restrictions, including the Central Bank of Nigeria’s pressure on financial institutions to limit direct crypto-related transactions – a factor that has led many global crypto platforms to pause services in the country despite crypto itself not being explicitly banned.

https://bitcoinke.io/2025/06/introducing-buy-plus-by-trust-wallet/

REGULATION | Dubai Regulator Greenlights Ripple's $RLUSD Stablecoin Within the Economic Zone Serving Middle East, Africa, and South Asia

The economic zone, which serves as a hub for the Middle East, Africa, and South Asia, had nearly 7,000 registered businesses as of the end of 2024.

The DFSA’s approval of RLUSD follows Ripple’s receipt of a full operating license in the DIFC in March 2025. The stablecoin is one of the few globally to gain recognition from both the DFSA and the New York Department of Financial Services (NYDFS), which granted approval in December 2024.

In addition to RLUSD, the DFSA has also recognized Circle-issued stablecoins, $USDC and $EURC for use within the DIFC.

Ripple’s momentum in Dubai is emblematic of the city’s wider ambition to become a hub for next-generation financial services. With regulatory clarity and public sector support, Dubai is positioning itself as a magnet for blockchain innovation.

https://bitcoinke.io/2025/06/ripple-stablecoin-gets-approved-in-dubai/

MILESTONE | NBX Becomes First Publicly-Listed Norwegian Firm to Adopt Bitcoin Standard, Stock Jumps 138%

The Norwegian Block Exchange (NBX) aims to generate yield through its insured custody infrastructure and Cardano’s DeFi ecosystem, positioning itself on the path to becoming a fully regulated digital asset bank.

The initial 6 BTC, valued at over $630,000, was loaned from NBX’s largest shareholders. The company confirmed the Bitcoin will not be sold or shorted, but retained on the balance sheet to support stablecoin issuance and yield strategies.

NBX also said it plans to use funds from its agreement with LDA Capital to further expand its Bitcoin holdings over the coming months.

The surge in NBX’s stock mirrors similar market reactions to other firms entering the Bitcoin treasury space.

https://bitcoinke.io/2025/06/nbx-adopts-bitcoin/

ACQUISITION | Latin American Payments Firm, #dLocal , to Acquire Africa’s Crypto Remittance Fintech, AZA Finance (Formerly #BitPesa)

According to Bloomberg, AZA Finance is being valued at approximately $150 million.

The planned acquisition follows less than five months after the companies first partnered. Sources familiar with the matter say the transaction is still subject to regulatory approval.

AZA Finance, formerly known as BitPesa, is a Kenyan-founded fintech company specializing in cross-border payments and foreign exchange services across Africa. The company has been instrumental in integrating cryptocurrency solutions into the African financial ecosystem.

The acquisition offers several strategic benefits to dLocal, including improved treasury operations, over-the-counter FX capabilities, expanded #stablecoin support, and greater payout efficiency. It also represents dLocal’s first acquisition outside Latin America, and its largest since buying PrimeiroPay for about $40 million in 2021.

Africa now represents 20% of dLocal’s business, and, as one company executive noted:

“Nine out of our top 10 customers are operating with us in Africa.”

https://bitcoinke.io/2025/06/dlocal-to-acquire-aza-finance/

🚀 Nigerian fintech, Kredete launches Africa’s first stablecoin-backed credit card

Kredete, a Nigerian startup helping African immigrants in the US build credit with stablecoin-powered payments, has launched Africa’s first stablecoin-backed credit card.

🪙 Founded in 2023 by Adeola Adedewe, Kredete enables users to:

*Send money to 40+ countries with low fees
*Build credit in their new country with every transaction
*Store and spend #USDC stablecoins globally via #Visa

💳 The new card - built in partnership with VISA, Stellar blockchain, and Rain - lets users in 40+ African countries spend digital dollars both online and offline in 100+ countries. It links directly to a wallet for real-time USDC settlement and FX conversion.

🌍 “Access to money shouldn’t stop at your country’s borders,” said Adedewe. “We’ve built a system that lets Africans store value in digital dollars and use those funds however and wherever they choose – instantly.”

📰 As reported by BitcoinKE, this move taps into growing stablecoin demand across Africa, driven by currency instability and banking gaps.

💡 Kredete raised $2.25M in seed funding and joined Visa’s Africa Fintech Accelerator, showing strong momentum in reimagining credit and payments for Africans everywhere.

https://bitcoinke.io/2025/06/kredete-launches-stablecoin-backed-credit-card/

BANKING | 31% of Kenyan Banks Signal Openness to Facilitate Virtual Assets Transactions, Central Bank of Kenya Survey Shows

“There was a general willingness by most banks to partner with VASPs in offering crypto-related services, provided there exists a legal and regulatory framework,” the CBK said in the survey findings.

Although Kenya does not currently have a legal framework to regulate cryptocurrencies, the CBK’s findings highlight the urgent need to address the regulatory vacuum. The technical working group is expected to propose a path forward for licensing and oversight of crypto activity.

The CBK has previously warned the public about the risks associated with digital currencies, including fraud, volatility, and the lack of investor protections. However, the growing use of crypto in payments and the formal interest from banks now suggest that Kenya’s financial authorities may be preparing for a more structured approach.

https://bitcoinke.io/2025/06/kenyan-banks-signal-openness-to-crypto/

Circle’s IPO just shook Wall Street.

USDC’s $18.4B debut isn’t just a win for crypto - it’s a game-changer for cross-border payments, stablecoin adoption, and fintech across the globe.

Here’s why it matters for #Africa 🧵👇

https://x.com/BitcoinKE/status/1930881975348261075

‘I Supported Nigeria’s EFCC in Recovering Over $400,000 in Illicit Funds, Trained Over 70 Agents,’ Says Former Binance Head of Compliance


🚨 Tigran Gambaryan exits Binance after four pivotal years - and one of the most high-profile crypto detentions in history.

The former IRS agent who built Binance’s global investigations unit from scratch has officially stepped down, closing a chapter that saw him lead over 100 investigators, respond to tens of thousands of law enforcement requests, and help dismantle major financial crime networks globally.

From tracking ISIS-linked wallets to supporting Nigeria’s EFCC in recovering illicit funds, Tigran helped redefine what crypto compliance leadership can look like.

His departure follows his eight-month detention in hashtag#Nigeria - a case that galvanized bipartisan U.S. support and put the risks of regulatory gray zones into sharp focus.

Tigran hasn’t announced what’s next, but he’s made it clear he intends to continue bridging enforcement, compliance, and emerging technology - in service of both public safety and innovation.

📰 Check out the full story below with added context from Africa’s BitKE, which covered his enforcement outreach across the continent years before his name made global headlines.

🔗 https://bitcoinke.io/2025/06/tigran-departs-binance/

X and Polymarket Just Redefined How We Discover Truth Online.

In June 2025, Polymarket - the decentralized prediction platform known for outperforming traditional polls during the 2024 U.S. elections - announced it’s partnering with X (formerly Twitter) to bring prediction markets directly into the social media experience.

Prediction markets let users trade on the likelihood of real-world events.

The result?

A constantly updating signal of collective belief - driven by incentives, not opinions.

✅ If you're right, you profit.
❌ If you're wrong, you lose.

That’s how you create economic alignment with accuracy!

Polymarket’s real-time forecasts already beat traditional media in speed and reliability. Now, with X’s integration, this could scale to millions - making “market-based truth” visible across trending topics globally.

We may be witnessing the beginning of a new public information layer where truth is not voted on or curated - it’s priced.

https://bitcoinke.io/2025/06/x-partners-with-polymarket/