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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

Seven major Bitcoin mining pools controlling 75% of hashrate back new open standard

CoinDesk • May 11, 2026

Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have joined the Stratum V2 working group, an open-source protocol that shifts block construction decisions from pool operators to individual miners.Under the current Stratum V1… Read full article →

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A 2013 Bitcoin wallet moved 500 BTC worth over $40 million after 12 years dormant

Bitcoin.com News • May 11, 2026

On May 10, 11 dormant Bitcoin wallets created between 2013 and 2017 moved a combined 859.13 BTC worth approximately $69.47 million, the largest single transfer being 500 BTC from a wallet created on November 27,… Read full article →

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Nigerian startups raised $4 million across six deals in April 2026, led by Bfree

Nairametrics • May 10, 2026

Six Nigerian startups raised a combined $4 million in April 2026, a 21% rise from March 2026's $3.3 million but a more than 90% drop from the $43 million raised in April 2025.Bfree, a debt… Read full article →

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Google Chrome secretly installed a 4GB AI model on users' devices without consent

Crypto News • May 8, 2026

Privacy researcher Alexander Hanff discovered Chrome silently downloading Google's Gemini Nano, a 4GB on-device AI model without any user notification, consent prompt, or opt-out option, with the file reinstalling itself automatically if deleted.The model was… Read full article →

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Coinbase bought $88 million in bitcoin in Q1 2026, deepening its crypto balance sheet bet

Bitcoin.com News • May 8, 2026

Coinbase disclosed an $88 million bitcoin purchase during Q1 2026 on its earnings call, adding it to the growing list of publicly traded firms holding bitcoin as a corporate treasury asset.CFO Alesia Haas revealed that… Read full article →

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Gold surges past $4,710 and silver jumps 6% as safe-haven demand dominates

Crypto News • May 6, 2026

Spot gold broke above $4,710 per ounce on Wednesday, up 3.38% on the session, while spot silver jumped 6.43% to around $77.46 per ounce.The rally is driven by sticky inflation expectations, expectations of eventual US… Read full article →

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Mastercard partners Yellow Card to bring stablecoin infrastructure to Africa's cross-border payments

Innovation Village • May 6, 2026

Mastercard has entered a strategic partnership with Yellow Card, an African stablecoin infrastructure provider, to integrate stablecoin capabilities into Mastercard's global payments network across Africa and the UAE.The partnership targets four areas: cross-border remittances, B2B… Read full article →

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Redtech, MTN MoMo, and UBA unite to let mobile wallet users pay at 55,000+ merchant terminals

Business Post • May 6, 2026

Redtech Limited, MTN Nigeria's MoMo PSB, and UBA have launched a cardless payment integration allowing MoMo wallet holders to pay at UBA merchant locations via RedPay POS terminals, make branch withdrawals and deposits, and pay… Read full article →

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Babylon and Gomining let BTC holders earn mining rewards without giving up custody

Bitcoin.com News • May 6, 2026

Babylon Labs and Gomining announced a Trustless Bitcoin Vault (TBV) integration targeting up to 1,000 BTC worth approximately $82 million, allowing holders to earn native bitcoin yield from Gomining's industrial mining operations without wrapping, bridging,… Read full article →

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Attacker bought 30 WordPress plugins and secretly backdoored 400,000 websites

InfoQ • May 6, 2026

An attacker purchased over 30 WordPress plugins with 400,000 combined installations from digital marketplace Flippa for a six-figure sum, then immediately inserted a hidden backdoor in the code disguised as a routine compatibility update.The malicious… Read full article →

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Nigeria lost $1.1 billion to gas flaring in 2025, up 7.2% from 2024

Business Post • May 6, 2026

Oil and gas companies operating in Nigeria flared 323 billion Standard Cubic Feet (SCF) of gas across all of 2025, 7.2% more than the 301.3 billion SCF flared in 2024, according to NOSDRA, Nigeria's environmental… Read full article →

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Strategy reports $12.54B loss as unrealized Bitcoin losses dominate Q1 2026 results

Bitcoin.com News • May 5, 2026

Strategy Inc. (Nasdaq: MSTR) posted a $12.54 billion net loss in Q1 2026, driven by $14.46 billion in unrealized Bitcoin valuation losses, not operational failure, as revenue actually grew 11.9% year over year to $124.3… Read full article →

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UBA, Redtech, and MoMo PSB unite to let mobile wallet users pay at bank merchant points

Premium Times • May 6, 2026

MoMo PSB customers can now pay directly from their MoMo wallets at UBA merchant locations using 'Pay with MoMo' on RedPay POS terminals, and can also make deposits and withdrawals at UBA branches, unlocking access… Read full article →

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Polygon launches private stablecoin payments for institutions using zero-knowledge cryptography

BitcoinKE • May 5, 2026

Polygon has rolled out a private payments feature allowing users to send stablecoins on its network without publicly revealing the sender, receiver, or transaction amount, visible only as a verified transfer to outside observers.The privacy… Read full article →

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Bitmine buys $242 million in ETH as chairman calls crypto recovery underway

Crypto News • May 5, 2026

Bitmine chairman Tom Lee declared 'crypto spring has commenced,' citing price recovery despite cautious investor sentiment, following more than six months of weak pricing after an October 2025 market downturn.Bitmine purchased over 101,745 ETH worth… Read full article →

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Java ecosystem sees major updates across OpenJDK, Spring AI, and developer tooling

InfoQ • May 4, 2026

Multiple OpenJDK JEPs are being targeted for JDK 27, including advances in pattern matching, structured concurrency, and lazy constants, continuing a multi-release preview cycle stretching back to JDK 19.Spring AI 2.0.0 reached its fifth milestone… Read full article →

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Bitcoin breaks $80,000 driven by geopolitics, institutional ETF buying, and Fed policy shifts

Technext • May 4, 2026

Bitcoin crossed $80,000 on May 4, 2026 a 30% rise from cycle lows near $60,000 after months of failed breakout attempts following a January slide from all-time highs of $126,000.The primary catalyst was easing Middle… Read full article →

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Binance launches withdrawal lock feature to protect users from forced crypto transfers

Bitcoin.com News • May 4, 2026

Binance introduced 'Withdraw Protection' on May 4, allowing users to block all on-chain withdrawals for a self-selected window of one to seven days, with a default of 48 hours.The feature targets physical coercion scenarios; situations… Read full article →

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Bitcoin breaks $80K after Trump's 'Project Freedom' eases geopolitical tensions globally

Crypto News • May 4, 2026

Bitcoin surged nearly 3% to $80,529 on Monday, a four-month high after U.S. President Donald Trump announced 'Project Freedom,' an initiative to escort stranded cargo ships through the Strait of Hormuz amid U.S.-Iran tensions.The rally… Read full article →

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Zenith Bank posts N360.9bn pre-tax profit in Q1 2026, stock up 108% year-to-date

Business AM • May 2, 2026

Zenith Bank recorded N360.92 billion pre-tax profit for Q1 2026, a 2.87% year-on-year increase, with gross revenue crossing N1 trillion for the first time in a single quarter.Net fee and commission income surged 44.53% to… Read full article →

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Analyst warns Bitcoin could fall 38% to $50,000 as bear flag pattern tightens

Bitcoin.com News • May 3, 2026

Gareth Soloway, chief market strategist at Verified Investing, told The David Lin Report that Bitcoin is forming a bear flag between $80,000 and $85,000, a technical pattern that historically resolves downward with his next target… Read full article →

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BlackRock's crypto ETFs earned $42 million in Q1 2026, just 1.7% of its total ETF fees

BitcoinKE • May 2, 2026

BlackRock, the world's largest asset manager with $5.48 trillion in ETF assets, reported that its digital asset ETFs generated $42 million in fees in Q1 2026. Only 1.7% of its total ETF fee income despite… Read full article →

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Prediction markets hit $25.7B monthly volume as retail users trade daily, not just during elections

CoinDesk • May 2, 2026

Bitget Wallet and Polymarket released a joint report showing prediction markets are shifting from event-driven spikes to daily retail engagement, with Polymarket recording $25.7 billion in trading volume in March 2026 alone.Over 1.29 million wallets… Read full article →

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Bitget Wallet launches USD crypto card in South Africa with early bird USDC rewards

Disrupt Africa • Apr 25, 2026

Bitget Wallet opened pre-registration on 24 April for its Dollar Card in South Africa, closing 6 May, the first 500 applicants get a waived activation fee plus 2–200 USDC (worth up to ~R3,700) in randomised… Read full article →

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HederaCon 2026 brings global finance and crypto leaders to Miami on May 4

Cointelegraph • Apr 30, 2026

HederaCon 2026 is a one-day conference hosted by Hedera (the distributed ledger network) featuring executives from Citi, Euroclear, DTCC, Moody's, Chainlink, Fireblocks, and White House crypto policy officials discussing tokenization, stablecoins, and AI-powered finance.The event… Read full article →

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Nigeria ranks 6th globally in Solana developers as SuperteamNG puts $162k into local economy

Technext • Apr 29, 2026

SuperteamNG's Q1 2026 Impact Report shows Nigeria holds #1 in Africa and #6 globally in Solana developer share, with Nigerian builders making up 67% of all active Solana developers on the continent.In Q1 2026, SuperteamNG… Read full article →

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Four Nigerian startups join Google's most competitive African accelerator cohort ever

ITPulse Nigeria • Apr 29, 2026

Termii, Bani, MasteryHive AI, and Regxta were selected from nearly 2,600 applications across 17 African countries. An acceptance rate below 1% for Google for Startups Accelerator Africa's 10th cohort, announced 21 April 2026.All four Nigerian… Read full article →

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Western Union launches Solana stablecoin in May to speed up global cash transfers

Technext • Apr 27, 2026

Western Union is launching USDPT, a dollar-pegged stablecoin built on Solana and issued by Anchorage Digital Bank, going live in May 2026 after first announcing the project in October 2025.Initial use targets inter-agent settlements as… Read full article →

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Nigerian crypto startups pivot to B2B and stablecoins as retail trading margins collapse

TechCabal • Apr 25, 2026

Nigerian crypto platforms including Busha, Roqqu, Dantown, Luno, and Yellow Card are expanding or fully pivoting away from retail trading toward B2B payment rails, stablecoins, and complex financial products due to shrinking margins.Retail crypto trading… Read full article →

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