A Bitcoin-based gaming platform, has partnered with Bitnob, a Nigerian Bitcoin exchange, to reward African gamers with Bitcoin for their in-game achievements. The collaboration aims to increase the adoption of Bitcoin within the African gaming community and demonstrate the benefits of using cryptocurrencies in the gaming ecosystem.

IMF Says Sub-Saharan Africa Already Feeling Effects of the Big Funding Squeeze The International Monetary Fund (IMF) warns that Sub-Saharan Africa is already experiencing the impact of a global funding squeeze, with several countries facing significant financing gaps. The IMF suggests that increased access to global financial resources, more concessional financing, and targeted debt relief measures are needed to help countries cope. The funding squeeze has been caused by a combination of factors, including rising interest rates, geopolitical tensions, and the ongoing COVID-19 pandemic.

Nigerian Crypto and Web3 Startup LazerPay Shut Down After Failing to Close a Successful Funding Round LazerPay, a Nigerian cryptocurrency, and web3 startup, has announced its shutdown due to its inability to secure a successful funding round. The company, which aimed to simplify cross-border payments and remittances, cited challenging market conditions and regulatory uncertainties as contributing factors to its failure to raise the required capital.

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