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Nigerian Web3 Startup, Nestcoin, Admits Funds Stuck in FTX – Releases 30 Employees
Nestcoin, a Web3 startup in Africa, has laid off employees due to funds being held in the FTX exchange following its bankruptcy. CEO Yele Bademosi emphasized the need to adjust the company's strategy and plans. The layoffs impact 30 employees, with remaining staff facing a 40% salary cut.
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MAGMA-5.07%
J-3.77%
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CALL FOR APPLICATIONS [DEADLINE: JUNE 1 2025] | Fedrok AG Announces $20,000 Blockchain Grant to All African Developers Looking to Build for Chad and Niger
Fedrok AG, a pioneering Swiss blockchain firm renowned for its innovations in carbon credit tokenization and sustainable Web3 technologies, has launched a new $20,000 blockchain development grant aimed at African developers.
This initiative is designed to foster the creation of blockchain-based
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MILESTONE | Aave Now Controls 20% of DeFi Total Value Locked
Aave has achieved significant growth, now representing 20% of the DeFi ecosystem’s total value locked at over $24 billion. Its token AAVE surged 90%, reflecting the broader DeFi rebound as institutional interest and mobile use cases drive engagement, particularly in emerging markets.
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AAVE-0.51%
ETH-5.34%
APT-0.6%
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REALITY CHECK | Why Reddit Terminated the Crypto Community Points Project and Looks to Reward Users in Cash Instead
According to a post on Reddit by a member of its Community team, the social platform will put an end to its cryptocurrency project, Community Points, due to difficulty scaling it.

According to the post on r/CryptoCurrency by the user u/cozy\_\_sheets , the regulatory environment has added to sca
ETH-5.34%
ARB4.17%
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FINTECH AFRICA | Ripple ($XRP) Partners with Leading African Fintech, Chipper Cash, for Crypto Cross-Border Payments
Ripple has partnered with Chipper Cash to improve cross-border payments in Africa using crypto. This collaboration aims to enhance transaction speed, reduce costs, and promote financial inclusion for 5 million users across several countries.
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XRP-4.43%
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LAUNCH | Uniswap Launches Wallet for Android (Beta) with Interesting Features
Uniswap has launched a beta version of its wallet app for Android, enhancing token swapping capabilities with automatic network switching and support for multiple blockchains. The app aims to simplify and secure trading on mobile devices.
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UNI-6.26%
ARB4.17%
OP-0.56%
BNB-1.83%
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REGULATION | Blockchain Tokenization Platform, AlphaBloq, Gets Admitted into the Capital Markets Authority of Kenya Regulatory Sandbox
AlphaBloq Technologies Limited has been admitted to Kenya's Capital Markets Authority Regulatory Sandbox to test its blockchain-enabled real estate tokenization platform for 12 months, aiming to promote affordable real estate investment.
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[WATCH] The Central Bank of Nigeria Expands eNaira Use with ARGO Wallet Targeting 5 Million Farmers By 2024
The CBN and ANAACOP launched the ‘Agro eNaira Wallet Engagement’ to enroll five million farmers in northern Nigeria for the 2023-2024 farming seasons, facilitating soft loans through eNaira wallets to improve financial access and streamline support.
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