In the latest news from the African crypto: Nigerian cryptography companies guarantee $ 20 million in 2024 while the CBEX collapses left victims in the Nigerian and Kenyan web3 space. It is estimated that the victims have lost more than $ 800 million, with the most impact in Nigeria. Meanwhile, the Wiki Finance Expo is scheduled for Johannesburg on August 16. Some best cryptography and guest influencers include Justin Sun de Tron.
Nigerian cryptography startups are stable despite a turbulent year on the largest African market. This assessment is based on statistics related to the financing of cryptographic startups. Meanwhile, another crypto platform “too good to be true” took place, leaving the potential victims in its wake. Finally, Wiki Finance Expo arrived in South Africa in August 2025.
Let’s explore these stories shaping the titles of continental cryptography for the week.
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Nigeria Crypto News: Web companies 3 collect $ 20 million in 2024
A report by the emerging chopped VC company confirm This blockchain startups in Nigeria collected at least $ 20 million in 2024. The report revealed that Nigeria represents around 3% of the world’s blockchain developers. Some of them contributed to the construction of Top 1000x Crypto projects in 2025.
This figure is robust for an industry which was faced with an unprecedented regulatory examination in 2024. The Nigeria blockchain scene closely monitored the measures by the authorities following a public repression against the Binance, which aroused worries about a broader repression.
The amount is slightly lower than that of 2023 but still reflects significant research and innovations on this market. As the largest market in the continent’s cryptography, Nigeria offers considerable unexploited potential for the development of cryptography.
Nigeria and Kenya Crypto News: the collapse of the CBEX leaves the victims
The list of questionable crypto platforms that collapsed collapsed spectacular last week. Cbex, which claims to be a crypto investment platform, collapsed and sunk with customer funds.
➥ Aftermath and reactions
The collapse has led to general indignation, insofar as the customers of Ibadan and Kenya began to plunder from the Cbex office in Oke-Ado
Now people have decided to widen deeply for information on CBEX
After which they realized that the CBEX was not recorded pic.twitter.com/q1sciozium
– Invincible
(@Thee_inVincible) April 16, 2025
(@Thee_inVincible) The platform has promised a 100% surprising return on investment each month, corresponding to the performance of some of the Top Solana same corners In the last step. This statement far exceeds those of legitimate investment platforms and probably indicates an unsustainable business model.
CBEX is now faced with operating allegations as a Ponzi program. Historically, Ponzi’s diets attract users using new investors to pay the oldest until they reach a critical mass, leading to a carpet traction where operators disappear with user funds.
This model seems to be the history of CBEX, affecting users in Kenya and Nigeria. The collapse has added thousands of users to unhappy statistics of victims of cryptographic fraud.
South Africa Crypto News: Wiki Finance Expo comes to Johannesburg in August
The Wiki Finance exhibition will be detained In Johannesburg, South Africa, August 16, 2025. The organizers reserved the Sandton Convention Center for the event, aimed at hosting the largest web 3 and fintech event on the continent.
The event awaits up to 10,000 participants and will bring together thousands of leaders in the web 3 sectors, Fintech, AI, payment and related sectors to network and share ideas. High -level guests include Justin Sun of Tron and social media influencer Mario Nawfal.
(Source)
The summits of blockchain and fintech offer international startups opportunities to enter the increasing African market and provide a platform to local entrepreneurs to present their ideas on an international scene.
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Africa Crypto News: Nigerian companies thrive as the CBEX collapses
- Nigeria cryptographic companies collected $ 20 million in 2024 despite regulatory challenges. Last year, the leaders of Binance took place for months in the country
- The collapse of the CBEX exposes the risk of Ponzi diagram. The company has promised a monthly return of 100%; an unbearable proposal
- The Wiki Finance Expo will take place in Johannesburg in mid-August. Justin Sun of Tron is one of the high -level guests
Post Africa crypto week in review: Nigerian cryptocurrency companies collect $ 20 million, the CBEX outings in Kenya and Nigeria, South Africa, to host a crypto event, appeared first on 99Bitcoins.
