The collapse of FTX was triggered by Binance, investor Kevin O’Leary claimed at a Dec. 14 United States Senate committee hearing about the crypto exchange’s meltdown. O’Leary, who was a …
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BinanceNews
Binance founder insists ‘business as usual’ after $1bn pulled out in a day
by Editorby EditorMore than a billion dollars were pulled out of Binance in a single day, according to the largest cryptocurrency exchange’s founder Changpeng Zhao, as investors across the sector continue to …
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AfricaAFRICA NEWSChipperNews
Chipper Cash gets Bank of Ghana authorization for US remittances
by Editorby EditorChipper Cash, a cross-border payments app used by over five million people throughout Africa and its diaspora has received authorization from the Bank of Ghana (BoG) to provide remittance services …
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9mobileBusinessEconomyMarketsTechnology
Etisalat by e& collaborates with Huawei complete trial of 1.2Tbps/channel
Dense wavelength division multiplexing is an optical fiber multiplexing technology that is used to increase the bandwidth of existing fiber networks. Etisalat by e& has collaborated with Huawei to complete …
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After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million …
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AfricaAFRICA NEWSChipperNews
Fintech Unicorn Chipper Cash set to buy Zambia fintech pioneer Zoona
by Editorby EditorPan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International, according to a statement shared with TechCabal. This acquisition will allow Chipper Cash, which …
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AfricaAFRICA NEWSChipperNews
FTX-funded Chipper Cash lays off employees one year after raising $150 million
by Editorby EditorChipper Cash, an African cross-border payments company startup valued at slightly over $2 billion, has reportedly laid off many employees. This comes about one year after the company announced that …
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AfricaAFRICA NEWSNewsSafaricom
Kenya’s Safaricom targets more fixed Internet users with 5G network
by Editorby EditorKenya’s largest telecoms operator Safaricom launched its 5G high-speed internet service on Thursday, becoming the first firm to deploy the technology commercially in East Africa. The company, whose internet provision …
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Safaricom has cut rates for its monthly packages of bundled minutes, mobile data and SMS by nearly five per cent as the telco seeks to deepen dominance amid stiff competition …
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AfricaAFRICA NEWSNewsSafaricom
Safaricom crosses 1 million customers in Ethiopia
by Editorby EditorSafaricom has crossed the one million mark in subscriber numbers in Ethiopia just a month after the launch of operations in the populous nation indicating the telco’s warm reception. The …