Category: Technology

Binance introduces US$1bn SAFU to protect users in case of security threat

Binance has introduced a US$1Billion Secure Asset Funds for Users (SAFU) Holdings, an emergency fund set aside to protect users’ assets in cases of theft. This insurance fund comprises BNB, BUSD, and BTC, geared towards protecting the interests of the exchange’s customers from a possible mishap. The SAFU funds are raised by allocating 10percent of all trading Read more…

CWG Ghana partners with toCode Technologies to introduce Digid in Ghana

Digid, a digital onboarding and identity verification system, is about to be launched in Ghana’s technology market, enabling businesses across multiple sectors, and especially in banking and financial services sector. This solution will help businesses to onboard new customers from anywhere, at any time, and via any channel. ToCode Technologies is a deep tech company Read more…

Aleo Raises $200M in Series B to Expand Private-by-Default, Blockchain Platform

Aleo, a leading platform for building private blockchain-based applications, has raised $200M in a Series B funding round led by Kora Management LP and SoftBank Vision Fund 2, with participation from Tiger Global, Sea Capital, Samsung Next, Slow Ventures, and Andreessen Horowitz (a16z), culminating in a valuation of the company at $1.45 billion. Following the company’s $28 million Series A, which was led Read more…

Microsoft stops selling products in Russia

Microsoft has stopped selling its products and services in Russia, following the country’s invasion of Ukraine. Major tech companies including Apple and Dell have made similar decisions. Microsoft said it had paused other aspects of its business in the country to comply with government sanctions. It added that it was providing cyber-security support to Ukraine Read more…