Author: Louis Dike

A mysterious Bitcoin wallet has permanently removed 107 BTC from circulation after sending the funds to Bitcoin’s well-known burn address in a series of transactions that stunned the crypto community. The transfers, first flagged by blockchain observers on May 26, involved roughly $8.5 million worth of Bitcoin being sent to the address:1111111111111111111114oLvT2 The address is widely recognized as a “burn address” because no known private keys exist to access the funds once they are sent there. The transactions were executed through five separate transfers, leading analysts to believe the move was intentional rather than accidental. Bitcoin Burn Raises Questions Across…

Africa is increasingly emerging as one of the world’s most important real-world crypto adoption markets, according to Richard Teng, who says the continent’s digital asset growth is being driven more by utility than speculation. In a recent Business Insider Africa feature, Teng argued that Africa’s crypto economy is evolving around practical financial use cases such as stablecoins, remittances, dollar access, and cross-border payments rather than hype-driven trading activity. The shift is becoming increasingly difficult for the global crypto industry to ignore. While many developed markets still associate crypto primarily with speculative trading and investment cycles, Africa’s adoption curve is increasingly…

On May 22, 2010, programmer Laszlo Hanyecz made what is now considered the first real-world Bitcoin transaction by paying 10,000 BTC for two pizzas. At the time, Bitcoin had little to no established market value. The transaction was simple: Hanyecz posted online asking if anyone would deliver pizza in exchange for Bitcoin. Another user accepted the offer, and history was made. Today, those same 10,000 BTC would be worth hundreds of millions — and at certain market peaks, over $1 billion. But Bitcoin Pizza Day has evolved into more than just a meme about an expensive meal. Across the crypto…

Busha has unveiled new crypto-backed cards that allow users across Africa to spend directly from their stablecoin and digital asset balances without first converting funds manually into fiat. The launch marks one of the clearest signals yet that Africa’s stablecoin market is evolving beyond trading and remittances into everyday payments infrastructure. According to Busha Co-founder and Director of Compliance Laolu Samuel-Biyi, the new “Busha Cards” product is designed as a native extension of regulated digital asset wallets rather than a traditional prepaid card merely funded by crypto balances. “For the first time, users across Africa can spend directly from their…

The U.S. Federal Bureau of Investigation secretly created a cryptocurrency token and fake Web3 project to expose alleged market manipulation firms operating inside the crypto industry — a move that has now become one of the most unprecedented undercover operations in digital asset history. The operation, known as “Operation Token Mirrors,” centered around a token called NexFundAI, which federal authorities presented as a legitimate AI-focused crypto project complete with branding, a website, tokenomics, and market activity. But behind the scenes, the project was reportedly built by the FBI to attract crypto market makers and trading firms suspected of engaging in…

Layer-1 blockchain Sui has launched protocol-level gasless stablecoin transfers on mainnet, allowing users to send supported stablecoins without paying gas fees or holding the network’s native SUI token. The rollout marks one of the most aggressive pushes yet toward making stablecoin transactions feel as seamless as traditional fintech payments. According to announcements from Sui and ecosystem partners, the feature is already being integrated by institutional custody giant Fireblocks, alongside several wallets and payment providers. The update removes one of crypto’s most persistent user experience barriers: the requirement to hold a separate token purely for transaction fees. For years, users sending…

Bitcoin has officially entered the final 100,000 blocks before its next halving event, a major milestone in the network’s four-year monetary cycle that continues to shape long-term market narratives around digital scarcity. As of May 20, 2026, the Bitcoin network is estimated to be around block height 950,000, leaving fewer than 100,000 blocks before the next halving activates at block 1,050,000. Current projections place the event sometime around April 2028, depending on mining difficulty adjustments and block production rates. The development signals that Bitcoin is now past the halfway mark of its current halving cycle, drawing renewed attention from long-term…

Nigeria’s Investment and Securities Act (ISA) 2025 may become one of the most consequential regulatory shifts for Africa’s digital asset industry in years. Far beyond a legal update, the framework signals Nigeria’s intention to formally integrate crypto, tokenized assets, and blockchain innovation into its capital market architecture. For Web3 startups, exchanges, DeFi builders, and stablecoin operators, the law creates both opportunity and pressure: legitimacy on one hand, and stricter compliance expectations on the other. Nigeria Moves From “Grey Zone” to Structured Regulation The ISA 2025 effectively recognizes digital assets as securities under the oversight of the Nigerian Securities and Exchange…

Nigeria’s transition toward a T+1 settlement cycle in its capital market is being positioned as a modernization effort for traditional finance, but the reform may also reinforce one of the biggest value propositions in crypto across Africa: faster settlement and movement of value. In a recent policy article, Director-General of the Nigerian Securities and Exchange Commission (SEC), Emomotimi Agama, argued that shortening settlement cycles from T+2 to T+1 would improve liquidity, reduce counterparty risk, strengthen market efficiency, and align Nigeria with global financial standards.  The SEC has confirmed that Nigeria’s capital market will officially transition to a T+1 settlement framework…

African cross-border payments startup Chimoney shutdown operations officially after struggling to secure enough funding to continue scaling its infrastructure business, according to reports from TechCabal. The Nigerian-founded fintech startup informed customers in May 2026 that it would discontinue services, stop new transactions, and begin refunding customer balances as part of its shutdown process. The closure marks another major reminder of the growing pressure facing African fintech startups as venture funding becomes more selective and infrastructure businesses struggle with rising operational costs. What Chimoney Built Founded in 2022 by Uchi Uchibeke, Chimoney positioned itself as a cross-border payment infrastructure for businesses,…