Kenya Financial News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Worldcoin, the eyeball-scanning crypto project launched by OpenAI founder Sam Altman, is under increased scrutiny in Kenya, as local police reportedly raided the project’s warehouse in Nairobi, in search of data.

An international human rights group has denounced Tanzania’s government for detaining critics and urged it to respect freedom of expression and the right to protest

IndiGo has commenced new daily direct flights between Mumbai and Nairobi, starting August 5, 2023. Nairobi, Kenya’s capital, and largest city is 27th international and 105th overall destination in the 6E network.

Blockchain security firm CertiK has disclosed a vulnerability in the Worldcoin protocol that allowed unauthorized access for an Orb operator. 

food prices rose for the first time in three months, as trade disruptions from India to the Black Sea and extreme weather stoke supply concerns anew. The United Nations’ index of food-commodity prices gained 1.3% in July, led by vegetable oil, according to a Friday report. That marks a pickup from the two-year low reached the prior month as fresh threats emerge in the supply chain.

crypto project that relies on an eye scan to verify a user's identity, citing concerns about data protection. Worldcoin, set up by OpenAI chief executive Sam Altman, began operating in June in Germany and provides users with a private digital identity — a "World ID" — after they get their eye's unique iris pattern scanned. The project, according to its founders, aims to solve one of the main challenges facing the crypto industry that largely relies on pseudonyms to operate, leaving it vulnerable to spam bots and scams. Users who registered with the project in Kenya were offered 25 free Worldcoin tokens worth about 7,000 shillings ($45), drawing thousands of people to multiple sign-up points in the capital Nairobi.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The Ministry of Interior of Kenya has suspended the operations of Sam Altman’s WorldCoin and launched an investigation into the company for collecting public data. 

The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it.

United Nations Security Council," the ministry said in a statement. The Bahamas' statement echoed comments from Kenyan Foreign Minister Alfred Mutua, who described the security intervention as an opportunity to stand "with persons of African descent across the world." It added the Bahamas looks "forward to cooperating with hemispheric partners including the United States and Canada." US Secretary of State Antony Blinken on Tuesday commended Kenya for "considering to serve as the lead nation" for the multinational force and expressed support for its authorization from a UN Security Council Resolution.

DGCA has approved IndiGo's plans to start flight services to Almaty in Kazakhstan. The country's largest airline by domestic market share has embarked on an ambitious international expansion.

NAIROBI (Reuters) — Kenya's government and opposition will set up a team which aims to resolve their differences, senior politicians from both sides said on Saturday, after a series of opposition protests over the cost of living and tax increases.

Small farmers in the developing world may be on the cusp of an agricultural breakthrough. With emerging technologies like satellite imagery, drones and machine learning boosting productivity, it’s becoming more viable than ever to sell their produce in places like Western Europe. 

UAE student has been named in the prestigious top 50 Global Student Prize 2023 shortlist. Gadhia was picked from a pool of nearly 4000 applications received from 122 countries. He is currently studying at Dubai College in the UAE.

The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges.

The Wall Street Journal show. The company used the categorized passages to build an AI safety filter that it would ultimately deploy to constrain ChatGPT from exposing its tens of millions of users to similar content. “My experience in those four months was the worst experience I’ve ever had in working in a company," Alex Kairu, one of the Kenya workers, said in an interview.

Nigerian social payments platform Bundle plans to cease its crypto exchange services and instead focus on its peer-to-peer platform Cashlink. 

Nigerian social payments app, Bundle announced on July 20 that it is shutting down its crypto exchange arm. 

Novak Djokovic may have lost an epic Wimbledon final to Carlos Alcaraz. But it did, all things grassed and dusted, an epic performance of a 36-year-old against a 20-year-old. As we all know, just doing the maths doesn’t do justice to the epic battle that was on display.

By Jefferson Kahinju and Thomas Mukoya