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The digital Yuan (e-CNY) saw a significant rise in transactions, reaching 1.8 trillion Yuan by June 2023, up from 100 billion Yuan in August 2022. Despite representing just 0.16% of China's money supply, its adoption for domestic retail payments has been substantial, with 120 million user wallets opened.

Verod-Kepple Africa Ventures (VKAV) has announced that it has raised $43 million for its pan-African venture fund. The fund’s initial backers include institutions such as SBI Holdings, Toyota Tsusho Corporation, and individual investors like Mr. Osamu Kaneda.
The announcement comes on the back of a

According to a Q2 2023 analysis by CoinGecko, Nigeria and Morocco are among the top ten countries in the world when it comes to popularity of meme coins.
CoinGecko analyzed the total number of page views year-to-date, for the top 15 meme coins by market capitalization in early May 2023:
1.

The South African Reserve Bank's Project Khokha 2 explores distributed ledger technology for interbank payments, introducing tokenized forms of central bank money and stablecoins. The project aims to enhance settlement efficiency and support regulatory discussions on crypto assets.

House Africa, a Nigerian prop-tech startup, has raised $400,000 to enhance its Sytemap platform, which uses blockchain for secure land transactions. It aims to increase real estate transparency and help users choose and pay for plots online, addressing fraud in land ownership.

For the second consecutive year, Senegalese fintech, Wave, was the only African company featured in Y Combinator’s top 50 highest-earning startups of 2024.
The list includes the likes of:
AirBnB
Reddit
Stripe
Coinbase
InstaCart
Scribd
Zapier
Optimizely
RazorPay
Scale AI
among

The Akoin crypto project, led by rapper Akon, is making significant progress with new partnerships aimed at driving development in Africa, despite concerns about its viability and the challenges of executing large-scale projects on the continent.

The Nigerian SEC warned investors against the $DAVIDO meme coin, highlighting risks and lack of regulatory recognition. The commission cautioned that meme coins are speculative and advised against investing, referencing previous scams linked to the artist.

Patricia, a Nigerian cryptocurrency platform, enables clients to convert their outstanding balances into company shares as part of its restructuring efforts after a security breach that affected assets. CEO Fejiro Hanu assures transparency in the process and hints at a relaunch soon.