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Cornelius Johannes Steynberg, as the CEO of Mirror Trading International Proprietary Limited, accepted 29,421 bitcoin worth $1.7 billion, CFTC said.

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Meta’s co-accused Sama to retain BCorp status until case is determined

B Lab said it is holding off certifying new companies that employ content moderators.

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As the global venture capital market slows, Africa charts its own course

Experts say that most recent deals were finalized months before macroeconomic challenges hit the global VC landscape. This means there’s a lag in what’s reported as the current state of VC in Africa.

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A look into the British DFI’s plan to invest in African economies, venture funds and tech startups

On April 4, the U.K.’s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment. As part of the name change, the development finance institution (DFI) announced that it surpassed its pledge to invest £2 billion …

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Sava, a spend management platform for African businesses, gets $2M pre-seed backing

When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where it offered over $1 million in loans to customers monthly. Still, Haile noticed a bigger underserved opportunity on the other…

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Venture studio Adanian Labs fuels startup growth in Africa

The venture studio targets to help build 300 next-generation startups over the next five years.

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Egyptian healthtech startup Vezeeta cuts 10% of 500-person staff

Vezeeta, a healthtech startup operating in the Middle East and Africa, reportedly laid off about 10% of its staff last week. The number of affected employees isn’t known; however, multiple sources who posted the news on LinkedIn, including affected employees, revealed that up to 50 people were let …

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TLcom Capital appoints Eloho Omame as partner to back more pre-seed and female-led startups

Africa-focused venture capital firm TLcom Capital has appointed Eloho Omame as a partner six months after announcing the first close of TIDE Africa Fund II, its $150 million second fund (it expects to reach a second close later this year, according to its partners). appoints TLcom Capital is known …

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The Oversight Board’s annual report tracks how often Meta follows its advice

The advisory group reviewing Facebook and Instagram’s content moderation decisions issued its first annual report Wednesday, capping off its first year in operation. The Oversight Board apparently received over one million appeals from Facebook and Instagram users in 2021. Most of those reque…

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WeWork India exposed visitors’ personal information and selfies

Visitor names, email addresses, phone numbers, and selfies were exposed to the internet.

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TikTok says ‘Project Texas’ will bolster security for U.S. users in wake of China data access concerns

Over the weekend, TikTok wrote to Republican Senators to assure them that it’s working on a program called “Project Texas” to bolster data security for U.S.-based users. This was in response to the Senators’ letter to the company dated June 27 that questioned its data access…

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