Sovereign Frontier

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Besides losing its license as a Financial Services Provider in countries like South Africa, the FTX incident has left a mark on quite a number of crypto businesses. The CEO of Nestcoin announced the erasure of a significant portion of its operating capital with the collapse and for this reason will have to lay off some of its workforce. 

Still on the FTX subject, It would appear that FTX may have made an incorrect listing in its holdings which it recently filed bankruptcy for. AZA finance has challenged its inclusion in the FTX chapter 11 bankruptcy filing, terming it an “Erroneous Inclusion”. The CEO of AZA finance is currently taking active steps to correct these erroneous court filings. 

Efforts to advance cryptocurrency education as well as advocate for inclusion are still being made by organizations such as LBank and Crypto Bootcamp, with the aim of bringing these concepts closer to the grassroots in local communities in Africa. 

Quickly following up this piece is the news of the expansion of Ripple XRP into the African cross border space through its partnership with MSA Africa. Even more interesting is the effort of Modus to bridge the gap between artificial intelligence and blockchain technology through the very recent launch of its $75M fund. 

A quick note: Any organization or persons willing to hire any of the recently laid off Nestcoin employees can send an email to [email protected] for enquiries. 

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

The bankless Africa show highlights projects, ecosystems and people making impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

In this week’s roll-up, we talk about the worst week of the year, we try to extrapolate on the sheer amount of loss that this has caused for people.

The insolvency of FTX has led to the inability for people to withdraw their rightful funds, with hacks, NFTs for funds and strange flights, the entire situation is shaping up to be the most devastating bearish debacle we have seen in a long time, if ever. Kenyans for example lost over $700m because of this, the 134 firms included in the Alameda bankruptcy filing will also be immensely devastated, a handful of which are African based.

The story is ever developing, and community research is heavily encouraged. As mentioned in the podcast, here are some links you can use for research and/or confirmation purposes:

Official Alameda bankruptcy filing https://www.docdroid.net/F0TqEsL/alameda-chapter-11-db-pdf#page=6

With an average decline of 27.98% in our market watchlist from last week, the overall market sentiment is concerning to say the least.

Sun Exchange is a South African solar power company which is challenging the status quo by giving investors the option to have their payouts done in the South African rand which is typical, or Bitcoin. There are of course pros and cons to both, but Sun Exchange wants to offer the options so they can appeal to all kinds of investors; with the minimum investment being as little as $4, the pool of investors is indeed global.

Data Mynt continues to get into partnerships that seem geared to making them the best service providers in the continent while also encouraging a swifter adoption of crypto. With the Alibaba cloud partnership, cloud storage and crypto are brought closer to home. Africa and Latin America have not yet adopted cloud storage as the west world has, not to say that they should copy that, but they have not been given the opportunity to understand it or access it easily in some cases. Partnerships like these are evidence that we have quite a ways to go still, all that’s needed is intentional movement.

One of the biggest eSports gaming tournaments will be hosted in November by the illustrious Cassava Network & Play1st. Developing economies like ours have not quite had the chance to fully embrace things such as gaming on a grand scale. Slowly though, the entire tech industry is opening up to the possibility of gaming as an exciting and potentially lucrative career option. If you would like to participate in the tournament, be sure to register your clan here and apply for the tournament before the 16th of November. 

Listen to these and other news in today’s episode to get all the relevant news and updates for the week. 

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review, let us know how we can continue to serve you in the best way possible.

Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the African continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always  do your own research. Verify, don’t trust.

Follow our Twitter https://twitter.com/Bankless_Africa

 Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Bitcoin adoption is picking pace in South Africa. The supermarket giant Pick n Pay has announced the rollout of lightning layer2 payment solutions, allowing customers to pay for their purchases using bitcoin. 

In the midst of all the glamor and excitement in the crypto space, Mara is again taking the spotlight due to the official launch of the Mara crypto wallet which will bring a whole range of exciting financial services to the 3 million users in its waiting list. This release will help users be more properly intune with the Maraverse. 

Speaking of metaverses, we set out sights on MTN, Africa’s largest telecoms provider which has announced the launch of altMTN, its own metaverse, and has also set the stage to host a virtual music concert. This involvement bodes much hope for the future of web3 in entertainment.

ZimbabAccording to a spokesperson from its Reserve Bank, Zimbabwe is set to launch its own e-currency on e-currencies, the Nigerian central bank has again debunked speculations that the launch of the e-naira has been a massive failure; instead, labeling it a major success. 

We sound off this episode with LBank which recently hosted the Fintech Nigeria 2022 event and also bagged the award for “Outstanding Contribution to Crypto Adoption in Africa” due to their unrelenting involvement in creating an enabling environment for the African blockchain space to thrive. Cheers!

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Discin between

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter: https://twitter.com/Bankless_Africa

Follow us on instagram:  https://tinyurl.com/5n8s5axf

Subscribe to our newsletter https://banklessafrica.sTelegramcom/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Crypto practice licensing has taken centre stage with Botswana becoming the first African country to offer Yellow Card a licence to legalize its practice within its borders. This is accompanied by another major win for the crypto ecosystem in South Africa where cryptocurrency has been legally recognized as a financial product. These developments will boost blockchain technology adoption in these countries, with hope set on other African countries to follow suite soon. 

Mass crypto education remains the foremost way of creating awareness to onboard Africans into the blockchain space. Binance is again at the forefront of this effort as signalled by its recent collaboration with Utiva to empower youth with tech skills across several African countries.

Gaming in the metaverse is becoming even more popular in the African blockchain space. We're witnessing partnerships and collaborations between indigenous and foreign organizations in the P2E space with efforts targeted at onboarding more people into crypto using this means. 

Amidst all the good tidings however, a recent bitcoin mining scam which erupted in South Africa has cost thousands or people losses resulting in over a hundred million rand. Newcomers and enthusiasts are advised to do proper research before investing in any seeming blockchain project. 

We sound off with kudos to Binance for having recently bagged an award for innovation and creativity at the very recently held GIITA awards held in Ghana. The space is still growing, with room for involvement. It's not too late to ride the wave!

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

 Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

Sahabia Yakubu is the founder and managing director of DeFi Africa Network, and a blockchain advocate, speaker, and writer from Ghana. His involvement in the blockchain industry spans nearly 5 years, with a particular emphasis on education, community building, and advocacy. He was the African ambassador for MakerDAO and organised a number of meetups at Ghanaian universities. His passion for community building and problem solving was the drive behind the creation of the DeFi Africa Network with the intention of onboarding Africans into DeFi space. 

Yakubu states the need for selective masterminds with acute knowledge of the African financial space to create a roadmap to onboard Africans into the DeFi space, as well as develop a model for long-term sustainability. A booming DeFi ecosystem in Africa is key to transforming the continent’s ailing financial economy for the better. 

DeFI Africa is an organisation with a mission to, amongst other things, establish industry standards for a thriving Defi space in Africa and advocate for the adoption and use of DeFi technology. They aim to achieve this through a stepwise approach of first creating a community, educating community members and then securing strategic partnerships and sponsorships

from high-profile DeFi protocols including UniSwap, XDC, Celo and Bankless Dao, amongst others in the pipeline. 

DeFi Africa is creating a networking platform for builders, innovators which will make it easy for new people to onboard and for existing players to be kept up to date on emerging trends.  Yakubu also cites the need for a wealth of diverse talent in the growing community including policy makers, veterans and enthusiasts. . 

Although ticket sales for the physical attendance of the summit have ended,the event will be livestreamed on their youtube channel. Please see links below to watch their social media space for more info at the set time. 

 Website: https://defiafrica.net/ 

Twitter: https://twitter.com/defiafrica

Youtube: https://www.youtube.com/channel/UCTVJDjSoR4G8ImATUN60f6Q

If you enjoyed this episode, please leave us a rating/review.

The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR) 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/ 

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

After months on end of sudden highs and ebbing lows, the markets seem to have attained some relative stability, with minimal price fluctuations across the board. 

Countries around the world are beginning to take the matter of cryptocurrency regulation more seriously. With South Africa taking center-stage in the past week, the country is looking to regulate crypto trading and assets ownership. 

Investors remain optimistic on the viability of cryptocurrency on the African continent. Heavy investment continues to flow into African blockchain technology startups, with Pillow Fund securing $18M to improve its service offerings and drive adoption. 

Adoption is still on the rise. This is due to the efforts of companies and communities, including Crypto-Smart, CYF and Binance which has recently launched a campaign to educate people on the opportunities that exist with cryptocurrency. 

The African blockchain space continues to evolve, thanks to strategic partnerships, alliances, cohorts, community efforts and investments. There is still much space for growth and involvement. It is apparent in this moment, that the sky is only the beginning. 

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

 Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

Jia is on a mission to redefine the perceived definition of financial inclusion through innovative offerings to its customers using blockchain technology. 

Zach is a Co-Founder and CEO of Jia, a DeFi provider for a friendlier, fairer, more inclusive financial world. He began his work expanding financial access in emerging markets at McKinsey, where he worked on microfinance programs across East Africa and South Asia, and then at Tala, a fintech lender where he helped scale the business from Kenya to the Philippines, India and Mexico. He pivoted his career into web3 upon finding that it provides more viable solutions to the problem of financial inclusion. 

Jia breaks the bounds of being just another credit provider, they consider themselves growth partners to the businesses that they provide these facilities to. By creating service offerings that are more personal to the consumer, Jia is able to build a trust relationship with their customers and help them scale their businesses even quicker through added support. They are on a mission to provide tools for individuals and businesses to take control of their financial lives.

With time, businesses will be able to stake their Jia tokens in select protocols or on smaller businesses within the Jia ecosystem to get even more tokens as rewards. Investor liquidity will be deployed to use-cases with the most recognizable need, hence, also providing potential returns on investment to investors. 

Jia is on its way to creating a next-level solution that will revolutionise lending and credit, leveraging on blockchain solutions as a medium. See links provided to view career and investment opportunities with Jia and learn more about the protocol. 

Website: https://www.jia.xyz/ 

Jia Twitter: https://mobile.twitter.com/jia_defi

If you enjoyed this episode, please leave us a rating/review.

The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/ 

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

It’s been a lively week. Rwanda got selected for crypto firm Polygon's continental tech boot-camp, Bitmart unveiled South Africa’s first utility-backed NFT and lots more. The Polygon Africa bootcamp program aimed at bringing more than 2000 developers across many African countries will allow developers to innovate by building decentralized applications on the polygon blockchain that can be applied to solve real life problems. WIth top performers standing a chance to win prizes, up to $10,000, it promises to be amazing. Bitmart, on the other hand, will be launching their NFT project in the form of a card game.

Nigeria continues to make headlines. The insane fall in the price of crypto assets and tokens has seen a lot of individuals and countries at large lose faith in crypto, selling off their assets and criticizing the rest of the pack. However, Nigerians still flock to crypto during this time, as usage has been on the high. The country continues to hit new highs and is showing no sign of slowing down. The Vice President of Nigeria can testify to this as he believes that Nigeria has positioned itself as a leader in the African digital economy space. According to an address in Abuja, he believes Nigeria is in a better position to be significant players in web3.

Ghana is having their fair share of web3 education as well. 'The African Artist', Oni Onochi at his exhibition urged Ghana to invest in the Creative Arts sector to drive wealth. With the surge in the NFT space, and reputable companies and artists leaving their digital footprints all across the ecosystem, he sees art as the only way the country can boast of its creative and artistic output.

Despite the fact that we are in a bear market, some companies are still looking to scale even further. African crypto exchange Yellow Card seeks major expansion. After receiving series B funding of $40 million, YellowCard has set their sights on doing more. The African cryptocurrency exchange is looking to scale as the company plans on being the first African crypto unicorn the world has ever seen. With thoughts of getting to all 54 countries in Africa, we can say that there is no stopping these guys.

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

 Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

Carbon emissions and their consequential effects on our atmosphere are a major concern for our world today, especially to lower income communities across the world, even though they are often the least contributing to the negative changes.

Mark Lawrence is the founder of Carbon Collectible NFTs, he has a combined total of more than 20 years of program management experience, venture capitalism, centralized finance and insurance from his years of work with Toyota Financial Services. He developed the business model for the Carbon Collectible NFTs (ccNFTs), including the composable NFTs that represent biodiversity impact certificates themselves. He has 3 patents for the ReFi social innovation studio that multiplies, compounds and recycles ESG sponsorship for ccNFTs.

The concern about the effect of carbon emissions on our environments has led to the creation of carbon offset measures as a step to curb the effects in question. Given that a great portion of the vegetation that serves the purpose of absorbing carbon is located in underserved communities, it is only right for the carbon offset industry to be more beneficial to the local forest communities across Africa as well. 

Mark states that the clear motive for the ccNFT’s team is to create social impact through the project; by allowing corporations who wish to contribute to carbon offsetting efforts to buy ccNFTs and hold them as digital certificates that prove ownership of carbon credits in these forest communities. The sale itself does not grant physical rights of the forest area sold to the individuals or corporations buying them. Ownership is reserved for the indigenous inhabitants of these local forest communities; the NFTs serve simply as biodiversity impact certificates. 

The goal of the project is to add equity and inclusion to climate finance through the use of an open protocol approach and validators in its governance models.

The revenue generated from the project is intended for use in social development, forest management and the empowering of local communities to create sustainable solutions that can be profitable enough to create jobs and enable the funding of social impact projects that will financially liberate these communities and improve their standard of living in a manner that best suits. 

check these link to learn more about the Carbon Collectible NFTs project

Weebsite: https://carboncollectiblenfts.com/

If you enjoyed this episode, please leave us a rating/review.

The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/ 

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa

The markets seem to have attained some relative stability, with minimal price fluctuations across the board over the last couple of weeks. 

Africa is experiencing a rapid surge in the number of blockchain developers, with over $100m raised for the expansion of 41 blockchain startups in the past year alone. Widespread acceptance of blockchain technology has come accompanied by organising of several Hackathons, DeFi meetups, and web3 conferences across several African countries, including Ghana and Nigeria. 

The Call for inclusion remains on the rise in the African blockchain space. Projects like the newly launched Cowrie token from South Africa which are often targeted at fostering inclusion and for use as a means of social good are still being created. 

The Nigerian blockchain community remains bullish on blockchain adoption regardless of many restrictions imposed by the Central Bank of Nigeria. The P2E space is also on the path to rise to prominence, partly owing to the efforts of  Africa Gaming Guilds and other stakeholders. 

The African dream of web3 transitioning, acceptance, and adoption of blockchain technology remains undefeated. Beyond a means to create wealth, it offers a platform to create a better future for Africans. 

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

 Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/