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Galaxy Digital Holdings is launching Galaxy Ventures Fund I LP with a $100 million commitment to support early-stage cryptocurrency startups, allocating over $1 million to each of up to 30 companies over three years. This initiative comes amid a rise in funding for crypto ventures, although overall investment has decreased significantly from the previous year.

Cognition has introduced Devin, the world's first AI software engineer, capable of completing engineering tasks and navigating job interviews. While praised for its advanced capabilities, concerns about complexity and job displacement persist. Devin may enhance collaboration between AI and human engineers.

The Runes protocol by Casey Rodarmor allows for the creation of altcoins on the Bitcoin blockchain, enhancing token generation efficiency. Following Bitcoin's halving, it aims to attract users and increase block space demand, potentially boosting transaction fees.

VOVE ID, a Moroccan reg-tech startup, has received investment from The Baobab Network to expand in Africa and the Middle East. Founded in 2024, it offers an AI-driven KYC solution to streamline digital identity verification. This funding will boost its platform and team growth.

ECOWAS finance ministers and central bank governors have revived plans for the ECO, a single currency aimed at enhancing economic integration and stability in the region. The initiative seeks to reshape the economic landscape despite past challenges and regional instability.

After nearly two decades of limited service, global payments giant, PayPal, has re-entered Nigeria’s digital economy, not with a flashy standalone launch, but through a strategic partnership with local fintech, Paga, that finally unlocks inbound international payments for Nigerians.
Under the

Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced a strategic partnership with Absa Bank to provide digital asset custody to the bank’s customers in South Africa. Through the partnership, Absa will leverage Ripple’s institutional-grade digital a

A total of 16 African startups are part of 200 startups that will be showcasing their products at the TechCrunch 2023 Startup Battlefield, described as an invitation-only cohort of game-changing early-stage startups.
Out of the 16, two of the startups are leveraging blockchain as the technology

StarkWare has launched a $4 million venture fund to support blockchain startups in Africa, focusing on early-stage projects deploying on Starknet. Led by Kheireddine Kamal, the fund targets regions with high blockchain adoption potential, offering grants up to $150,000 and investments up to $500,000.

VALR, South Africa’s largest crypto exchange by trading volume, today announced the launch of Crypto Bundles, designed to simplify diversified investing in crypto assets.
Starting with the VALR10 bundle – a market cap-weighted portfolio of the top 10 crypto assets listed on VALR, excluding

The UNICEF StartUp Lab is a six-month accelerator in Ghana for startups focused on the Sustainable Development Goals benefiting children and youth. It offers mentorship, funding, and expertise, targeting operational businesses that use technology for social impact.

Egyptian fintech startup DoPay has secured $13.5 million in Series A extension funding to enhance its digital payroll platform for unbanked workers. This funding will support expansion in Egypt, promote financial inclusion, and launch new services.

MetaMask has launched a 'sell' feature in its mobile app, allowing users to easily exchange crypto for cash, including options like Vodafone Cash in Egypt. This new addition simplifies transactions while reducing fees and enhancing speed.