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Crypto & Web3

Nigeria has one of the most active crypto communities in the world. We cover it honestly. Funding, regulation, adoption, and the builders making Web3 work for African users despite regulatory headwinds.

Crypto & Web3

Nigerians turn to dollar-pegged stablecoins for faster, cheaper cross-border payments

Investors King • Jun 18, 2026

Nigerian households, freelancers, importers, and small businesses are increasingly using dollar-pegged stablecoins for cross-border transactions, with the IMF identifying Nigeria as one of Africa's largest stablecoin markets.Traditional remittance services carry high fees and slow processing… Read full article →

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Mansa Resources commits $600M to develop Liberia's Dugbe Gold Project, creating up to 5,000 jobs

AllAfrica Business • Jun 17, 2026

Mansa Resources Limited, backed by Nioko Resources Corporation and Orion Resource Partners, has committed approximately US$600 million to develop the Dugbe Gold Project in Sinoe County, Liberia, one of the largest undeveloped gold deposits in… Read full article →

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Ripple backs Flutterwave's Series E, pushing valuation to $3.2bn with stablecoin integration plans

Business AM • Jun 16, 2026

Flutterwave has received a strategic investment from Ripple as part of its Series E round, valuing the Nigerian fintech at $3.2 billion.The partnership will integrate Ripple's RLUSD stablecoin and the XRP Ledger into Flutterwave's payment… Read full article →

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IMF says Nigeria leads Sub-Saharan Africa in stablecoin use, receiving $59 billion in crypto inflows

Business Post • Jun 16, 2026

The International Monetary Fund (IMF) published a report titled 'Stablecoins in Nigeria: A Growing Cross-Border Channel,' finding that Nigeria accounts for roughly 60 percent of stablecoin inflows across Sub-Saharan Africa since 2019 and received approximately… Read full article →

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Hyperbridge relaunches with full protocol redesign after $2.5M April security exploit

Innovation Village • Jun 16, 2026

Hyperbridge, a cross-chain interoperability protocol built by Polytope Labs, led by Nigerian CEO Seun Lanlege, relaunched after a complete architectural redesign following a $2.5 million exploit on April 13 that allowed attackers to mint one… Read full article →

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IMF warns stablecoin growth in Nigeria risks weakening the naira and monetary policy

Premium Times • Jun 16, 2026

The International Monetary Fund (IMF) published a report titled 'Stablecoins in Nigeria: A Growing Cross-Border Channel,' warning that widespread use of US dollar-denominated stablecoins could reduce demand for the naira and undermine the Central Bank… Read full article →

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US-Iran deal reopens Strait of Hormuz, sending Bitcoin past $67,000 and liquidating $198M in shorts

Bitcoin.com News • Jun 15, 2026

Bitcoin rose to an intraday high of $67,253 on June 15, a gain of nearly 5% in 24 hours, after the US and Iran agreed to a memorandum of understanding requiring Iran to reopen the… Read full article →

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Zimbabwe's new rules require crypto firms to register with the RBZ under formal AML oversight

Crypto News • Jun 13, 2026

Zimbabwe's Statutory Instrument 99 of 2026 places cryptocurrency firms under Reserve Bank of Zimbabwe anti-money laundering oversight, requiring registration as Virtual Asset Service Providers (VASPs) before operating locally.Zimbabwe is seeking to avoid the Financial Action… Read full article →

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Nigeria's Senate advances crypto regulation bill to committee for four-week review

Bitcoin.com News • Jun 11, 2026

Nigeria's Senate passed a cryptocurrency regulation bill through a second reading on June 9, sponsored by Senate Chief Whip Tahir Monguno, introducing mandatory licensing for crypto exchanges, investor-protection rules, and anti-money laundering oversight.The bill now… Read full article →

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Paga and Crossmint partner to build stablecoin payment infrastructure bridging Africa and global markets

Innovation Village • Jun 10, 2026

Paga Group and Crossmint have announced a strategic partnership to integrate Paga's African fiat on-ramp and off-ramp rails into Crossmint's global enterprise stablecoin payout network, enabling bi-directional payments between Africa and global markets.Crossmint will embed… Read full article →

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Malawi's EDF allocates K400 billion for gold purchases to formalise mineral trade and boost forex

AllAfrica Business • Jun 10, 2026

Malawi's Export Development Fund (EDF), led by MD Frederick Chanza, has earmarked K400 billion for gold purchases in 2025 and already bought 352 kilograms in three months, more than the 245 kilograms purchased across all… Read full article →

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Bank of Tanzania launches electronic FX matching system, bringing 29 banks onto real-time trading platform

BitcoinKE • Jun 9, 2026

The Bank of Tanzania (BoT) has launched an Electronic Matching System (EMS) for the interbank foreign exchange market, replacing manual bilateral negotiations between commercial banks.The platform allows participating banks to view bids and offers in… Read full article →

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Apache Cassandra 6.0 moves complex database management work from developers into the database itself

The New Stack • Jun 8, 2026

Apache Cassandra 6.0 is currently in alpha and introduces Accord, a leaderless consensus protocol delivering ACID transaction semantics across multiple partitions, shifting coordination logic that previously had to live in application code into the database… Read full article →

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Flutterwave integrates Tempo blockchain to accelerate stablecoin-powered cross-border payments across Africa

BitcoinKE • Jun 8, 2026

Flutterwave has partnered with Tempo, a payments-focused Layer-1 blockchain incubated by Stripe and Paradigm, to add stablecoin settlement infrastructure to its Send App consumer remittance platform and Flutterwave for Business enterprise payments product.The deal, announced… Read full article →

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Ethereum crashes to $1,500 with analysts warning of further drop to $1,000

Crypto News • Jun 6, 2026

Ethereum fell over 10% to an intraday low of around $1,505 on June 6, extending weekly losses to roughly 23% and hitting its lowest level since early 2023.U.S. spot Ethereum ETFs recorded approximately $540 million… Read full article →

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TypeORM hits version 1.0 after nine years, signalling renewed maintenance and modernisation

InfoQ • Jun 5, 2026

The TypeORM team released TypeORM 1.0, the first major stable version of the widely used TypeScript and JavaScript database library since its creation in 2016, following a takeover by new maintainers at the end of… Read full article →

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HashKey MENA pilots stablecoin payment corridor linking African and Middle East businesses

IT News Africa • Jun 4, 2026

HashKey MENA, a Dubai-based VARA-licensed exchange, has signed a Corridor Pilot Agreement with Aptos Foundation and Pan-African payments platform Daya to build a regulated B2B stablecoin payment corridor between the Middle East and Africa.The corridor… Read full article →

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Flutterwave partners with blockchain firm Tempo to cut Africa's cross-border payment costs using stablecoins

Business AM • Jun 4, 2026

Flutterwave, Africa's leading payments company, has partnered with Tempo, a Layer-1 blockchain network, to integrate stablecoin settlement rails into Flutterwave's Send App and Flutterwave for Business platforms.Remittance fees to sub-Saharan Africa average about 7 percent… Read full article →

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Binance appoints M-Pesa and Visa veteran Sammy Mutua as Africa GM to rebuild regulatory trust

Technext • Jun 4, 2026

Binance has appointed Kenyan finance veteran Sammy Mutua as General Manager for Africa, replacing Nadeem Anjarwalla following his detention and escape from Nigerian custody amid tax evasion and money laundering allegations.Mutua brings two decades of… Read full article →

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Bitcoin drops to $62,500 as $1.2 billion in leveraged crypto positions are liquidated

Bitcoin.com News • Jun 4, 2026

Over $1.12 billion in crypto liquidations occurred in 24 hours, with $949 million from long positions wiped out as Bitcoin touched $62,569 on Binance.Selling pressure was driven by heavy redemptions from U.S. spot Bitcoin ETFs,… Read full article →

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YouSend launches stablecoin remittance app in UK and Canada, targeting African diaspora

Nairametrics • Jun 3, 2026

YouSend, a London-headquartered remittance platform, has publicly launched in the UK and Canada, enabling transfers to Nigeria, Ghana, Kenya, and Tanzania, with EU and US expansion expected in the coming weeks.The platform uses stablecoin-based settlement… Read full article →

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Bitcoin drops near $65,700 as ETF outflows hit $3.5 billion and Strategy sells BTC

Bitcoin.com News • Jun 3, 2026

Bitcoin fell close to $65,700 on June 3, extending a sharp selloff that pulled ether below $1,900 and triggered over $1.8 billion in leveraged crypto liquidations in 24 hoursSpot bitcoin ETFs recorded an estimated $2.8… Read full article →

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Ethereum drops below $2,000 amid ETF outflows, US selling pressure, and macro uncertainty

Crypto News • Jun 1, 2026

Ethereum traded near $1,990 after breaking below the $2,000 psychological support level for the first time in months, driven by a negative Coinbase premium indicating heavy US-based selling and weak domestic demandSpot Ethereum ETFs recorded… Read full article →

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Bitcoin futures hit $42.6B open interest as traders eye June expiry and $120K bets

Bitcoin.com News • May 31, 2026

Bitcoin futures open interest across 11 exchanges totals $42.6 billion as of May 31, 2026, down sharply from a $90 billion-plus peak in October 2025 when BTC traded above $126,000. Binance leads with 19.14% of… Read full article →

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XRP dropped 27% in Q1 2026 but institutional ETF inflows hit $1 billion in four weeks

Bitcoin.com News • May 31, 2026

XRP closed Q1 2026 at $1.34, a 27.1% quarter-over-quarter decline, losing its No. 4 crypto ranking by market cap to BNB with an $82.21 billion market capU.S. spot XRP ETFs, launched in Q4 2025, reached… Read full article →

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Ethereum drops 32% in 2026, tests $2,000 support as ETF outflows mount

Bitcoin.com News • May 31, 2026

Ethereum is trading near $2,000 to $2,020 as of May 31, 2026, down approximately 32.4% year-to-date and roughly 55% to 60% from its all-time high of $4,953 set in August 2025.Spot ETH ETF products saw… Read full article →

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South African court rules Bitcoin is not money, creating a regulatory gap for crypto

Innovation Village • May 29, 2026

Pretoria High Court ruled that Bitcoin and stablecoins are digital assets, not money, meaning existing South African exchange control laws do not apply to crypto movements across bordersThe South African Reserve Bank has flagged serious… Read full article →

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Dormant Bitcoin wallets from 2014 and 2017 move $11.8 million during BTC price decline

Bitcoin.com News • May 27, 2026

Multiple long-dormant Bitcoin wallets, some inactive for over 12 years, transferred a combined 150.81 BTC across several transactions on May 26, with at least 53.96 BTC sent to Coinbase, suggesting a possible sale.The 2014 wallet… Read full article →

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Whale wallets open $4.3M in Chainlink and Dogecoin longs with $8M more pending

Bitcoin.com News • May 26, 2026

Two large crypto wallets (0x3109 and 0x5687) opened leveraged long positions worth $4.28 million across Chainlink (LINK) and Dogecoin (DOGE) within 24 hours, per onchain data from Lookonchain.Wallet 0x3109 holds $2.75M in DOGE and $1.53M… Read full article →

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Bitcoin peaks near $78,000 as Middle East peace hopes lift crypto markets briefly

Bitcoin.com News • May 25, 2026

Bitcoin climbed to an intraday high of $77,831 on May 25, driven by optimism over Middle East peace negotiations nearing a breakthrough, lifting its 24-hour gains to 1.2% and pushing its market cap to approximately… Read full article →

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