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South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

3rd March 2022 by admin

South African cryptocurrency exchange Valr announced recently that it has raised $ 50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $ 240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African cryptocurrency exchange, Valr, recently announced that […]

South African Mobile Network Operator MTN Buys Land in the Metaverse

2nd March 2022 by admin

Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount. MTN Seeks to ‘Amplify Consumers’ Digital Experiences’ South Africa’s mobile network operator, MTN, recently bought 144 […]

South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022

26th February 2022 by admin

The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers […]

NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round

19th November 2021 by admin

A South African startup, NFTfi, is reported to have recently raised $ 5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $ 5 million capital raise was led by U.S. actor Ashton Kutcher’s Sound Ventures. The other investors […]

African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion

4th November 2021 by admin

Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $ 150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months […]

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Korean Man Kills Elderly Mother Over Fried Eggs

Currently, South Korea is enraged over a cruel criminal case where a son killed his mother for not preparing his snack. On December 7, the 2nd Criminal Division of the Jeju District Court sentenced 41-year-old Mr. A to seven … [Read More...]

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