The FTX Recovery Trust has officially announced that it will begin distributing approximately $2.2 billion to eligible creditors starting March 31, 2026. This marks the fourth major distribution under the exchange’s Chapter 11 reorganization plan, following its collapse in November 2022. ~$2.2 billion in total. Eligible creditors should expect funds within 1–3 business days after […] The post FTX Recovery Trust to Distribute $2.2B to Eligible Creditors Starting March 31st appeared first on Tekedia.

Crypto.com has announced layoffs affecting approximately 12% of its workforce, explicitly citing the integration of artificial intelligence (AI) for greater efficiency and operational restructuring. The Singapore-based cryptocurrency exchange made the announcement on March 19, 2026. CEO Kris Marszalek stated that the company is adopting “enterprise-wide AI” across its operations, emphasizing that firms failing to adapt […] The post Crypto.com Cuts 2% of Workforce Citing AI Efficiency and Operational Restructuring  appeared first on Tekedia.

Kraken, the cryptocurrency exchange, officially under parent company Payward, has paused its plans for an initial public offering (IPO) due to challenging market conditions. Kraken confidentially filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) in November 2025, signaling intentions for a potential public listing as early as the first […] The post Kraken Confidentially Pauses its Plans for an Initial Public Offering  appeared first on Tekedia.

EIB Global has committed €40 million ($46 million) to Speedinvest’s Africa-focused investment vehicle, according to an announcement on March 17, 2026 The Speedinvest Africa Fund has a target size of €200 million (approximately $230 million), according to EIB information. The EIB’s €40 million commitment is designed to catalyze additional fundraising from other institutional investors and […] The post European Investment Bank Commits €40 Million to Speedinvest Africa Fund appeared first on Tech In Africa.

The Botswana Innovation Fund (BIF) and Scalar International have launched the Scalar Botswana Innovation Program (SBIP), a 12-month programme to support 10 climate and digital technology startups, according to a programme announcement. The programme launched on March 10, 2026, in Gaborone, Botswana’s capital, according to the announcement. The programme will connect selected startups to a […] The post Botswana Innovation Fund and Scalar International Launch Startup Programme appeared first on Tech In Africa.

Sistema.bio has closed $53 million in initial funding for FarmCarbon, a carbon finance vehicle, the company announced on March 17, 2026. The funding round was led by BNP Paribas Asset Management Alts (BNPP AM Alts), British International Investment (BII), and Shell Foundation, according to the announcement. Sistema.bio was founded in 2010 and operates in 35 […] The post Sistema.bio Closes $53 Million for FarmCarbon Climate Finance Vehicle appeared first on Tech In Africa.

Zoomex, a global cryptocurrency derivatives trading platform, has recently released detailed transparency and performance data in response to evolving industry expectations. Zoomex published an overview of its infrastructure, focusing on execution systems, liquidity architecture, and security framework. This move aligns with rising trader trust standards in the 2026 crypto markets, where increased institutional scrutiny, liquidity […] The post Zoomex Releases Detailed Cryptocurrency Transparency and Performance Data Report appeared first on Tekedia.

Meta formerly Facebook is shutting down the VR version of Horizon Worlds on June 15, 2026. The app gets yanked from Quest headsets starting late March, and after June it’s VR-only worlds are gone entirely, shifting to a mobile-only experience. They’ve burned $80 billion on Reality Labs since 2020 with basically nothing to show for […] The post Meta to Sunset its Metaverse Project After Burning $80 Billion  appeared first on Tekedia.

Microsoft is considering legal action against its longtime partner OpenAI and Amazon over a recently signed $50 billion cloud deal that could violate their exclusive partnership, the Financial Times reported, citing people familiar with the matter. The dispute centers on Frontier — OpenAI’s new enterprise platform for building and running AI agents — and whether […] The post Microsoft Weighs Legal Action Against OpenAI and Amazon Over $50bn Frontier Cloud Deal, Alleging Breach of Exclusive Azure Agreement appeared first on Tekedia.

The ongoing US-Israel war against Iran, which began in late February 2026 with massive airstrikes including the killing of Supreme Leader Ayatollah Ali Khamenei and other top leaders, has escalated dramatically in recent days, particularly around energy infrastructure. The dynamics playing out, though the situation is fluid, multi-sided, and not exactly matching a full “Shia […] The post The U.S.-Israel – Iran War Escalates With Global Oil Disruptions  appeared first on Tekedia.

MicroStrategy/Strategy has faced significant paper losses in early 2026 due to Bitcoin’s price pullback. Reports from February 2026 noted unrealized losses on its BTC holdings briefly approaching or hitting around $1 billion and sometimes more, like $2B+ in some updates when BTC dipped below key levels around $74,000–$75,000, pushing parts of its treasury underwater relative […] The post MicroStrategy Faces Significant Paper Losses Due to Bitcoin’s Price Pullback  appeared first on Tekedia.

Nvidia has secured long-awaited approval from Beijing to resume sales of its H200 artificial intelligence chips to Chinese customers, marking a significant breakthrough in a market that had become a focal point of U.S.-China technology tensions. The development effectively reopens access to a region that previously accounted for about 13% of Nvidia’s revenue, after months […] The post Nvidia Secures China Nod for H200 chips, Pivots to Inference Battle with Groq Strategy appeared first on Tekedia.

The extraordinary rise of Micron Technology is becoming one of the clearest signals that the artificial intelligence boom is no longer just about computing power—it is increasingly about memory dominance, and the consequences are rippling across the global technology stack. Micron’s valuation surge, fueled by a tripling of its stock in 2025 and continued gains […] The post Micron’s $520bn Surge Signals a Deeper Fault Line in the AI Economy as Memory Scarcity Rewrites Tech’s Power Structure appeared first on Tekedia.

US equities experienced significant selling pressure, with reports indicating around $820 billion wiped out in market value during intraday or session-specific moves. This aligns with broader market routs triggered by factors like: A hawkish Federal Reserve stance; holding rates steady amid persistent inflation concerns. Geopolitical tensions, including Middle East conflicts involving Iran, oil supply risks […] The post US Equities Experiencing Significant Selling Pressure, with ~$820B Reportedly Wiped Out appeared first on Tekedia.

Tesla is set to launch its ambitious in-house AI chip manufacturing project, known as the Terafab (or “TeraFab”), imminently. Elon Musk announced via X that the “Terafab Project launches in 7 days,” which points to March 21, 2026. Tesla aims to build a “gigantic” semiconductor fabrication facility (fab) to produce custom AI chips in-house. This […] The post Tesla Set to Launch Ambitious In-House AI Chip Manufacturing Project appeared first on Tekedia.

Stripe, in collaboration with Tempo, the payments-focused Layer 1 blockchain it co-developed with Paradigm has announced the Machine Payments Protocol (MPP) as Tempo’s mainnet officially went live. Tempo is a high-throughput, low-cost blockchain purpose-built for stablecoin payments and high-frequency transactions; think sub-second finality, predictable fees, and support for tens of thousands of TPS. It has […] The post Stripe Collaborates with Tempo to Launch Machine Payments Protocol (MPP) appeared first on Tekedia.

Phantom, the popular self-custodial crypto wallet especially dominant in the Solana ecosystem, has received a first-of-its-kind no-action letter from the U.S. Commodity Futures Trading Commission (CFTC). This relief means the CFTC’s Market Participants Division will not recommend enforcement action against Phantom for failing to register as an introducing broker or as an associated person of […] The post Phantom Receives First-of-its-Kind No-action Letter from CFTC  appeared first on Tekedia.

The Federal Reserve announced that it is holding its benchmark federal funds rate steady at a target range of 3.5% to 3.75%. This marks the second consecutive meeting in 2026 where the FOMC has paused rate changes, following three 25-basis-point cuts late in 2025 (September, October, and December). The decision was made by an 11-1 […] The post U.S. Federal Reserve Holds its Benchmark FED Funds Rate at Range 3.5% to 3.75%  appeared first on Tekedia.

What the tech industry calls food waste, Nairobi's informal economy calls secondary inventory.

Uber and Nvidia have expanded their partnership to roll out robotaxis; autonomous Level 4 vehicles on Uber’s ride-hailing network. The rollout starts in Los Angeles and San Francisco in the first half of 2027, initially with data-collection vehicles and safety drivers, transitioning to fully driverless operations. It will scale to 28 cities globally by 2028, […] The post Uber and Nvidia Partnership to Accelerate Drive on Robotaxis Adoption  appeared first on Tekedia.

The rollout marks the first step in Luno’s derivatives strategy, advancing the company’s push to become an ‘all-in-one’ investment app for users, following earlier launches of staking and tokenised US equities in both countries. The company plans to add other derivative products, including perpetuals and potentially futures, for Nigerian users later this year.

March Madness is the popular name for the National Collegiate Athletic Association (NCAA) Division I Men’s Basketball Tournament. The tournament features 68 college teams competing in a single-elimination bracket. Teams qualify either by winning their conference tournaments or by receiving an at-large selection from the NCAA committee. Once the field is set, teams are seeded […] The post March Madness 2026: What College Basketball Betting Lines Reveal appeared first on Tekedia.

In 2025, Bolt introduced electric tricycles (keke) in Lagos. You may have not seen it due to location restrictions, but here is how it works.

According to the Kaspersky IT Security Economics 2024 report, banking, financial services and insurance (BFSI) organisations spend an average of $1.2 million a year on cybersecurity. The financial industry is rapidly advancing into a new digital era, more dynamic, intelligent, and interconnected than ever before. However, it brings not only rapid operational processes, highly personalized customer […]

Rather than waiting for comprehensive AI frameworks, which are often complex and slow to develop, governments across the continent are embedding AI-related rules within existing or revised data protection laws.

For many young South Africans entering the workforce today and those hungry for a new challenge, the idea of a single, linear career is quickly becoming outdated.  Instead, careers increasingly resemble a “situationship,” i.e. a mix of roles, freelance work, side hustles and ongoing learning that evolves over time. From designers who also run small […]

Video now dominates news consumption: 44 percent of U.S. adults say they prefer to watch the news instead of reading or listening. That shift pressures every newsroom—from legacy broadcasters to two-person start-ups—to produce polished clips around the clock. Luckily, a new wave of AI video generators slashes both cost and complexity. Tools such as Leonardo […]

Kigali offers a 3% corporate income tax rate, 0% withholding tax on dividends, royalties and interest, no capital gains tax, and fast registration.

Spot trading and futures trading are two of the most popular ways to participate in crypto markets. Spot trading involves buying and selling digital assets at the current market price, with immediate settlement. Futures trading allows traders to speculate on future prices using contracts that can be leveraged, without owning the underlying asset. Both approaches […] The post Futures vs Spot: The Hidden Costs That Change Your Results appeared first on Tekedia.

Back in 2014, two blockchain pioneers set out to solve a problem confronting the early cryptocurrency ecosystem: the extreme price volatility of Bitcoin and the first generation of altcoins made them difficult to use for everyday transactions and impractical as a reliable medium of exchange. Their answer came from an experimental blockchain platform called BitShares, […]

Why Many Business Owners Look Beyond Traditional IRAs Most retirement accounts offered through brokerages come with a very limited investment menu. Typically, you’re choosing from stocks, mutual funds, ETFs, or bonds. That may work well for many investors, but entrepreneurs often see opportunities outside public markets every day. Maybe it’s a rental property that pencils […] The post What Can a Self-Directed IRA Invest In? Top SDIRA Investment Options appeared first on Tekedia.

Mastercard announced that it has entered into a definitive agreement to acquire BVNK, a UK-based leader in stablecoin infrastructure. This move significantly expands Mastercard’s capabilities in digital assets, particularly stablecoins, by bridging traditional fiat payments with on-chain (blockchain-based) transactions. The Acquisition deal value: Up to $1.8 billion, including $300 million in contingent payments. The acquisition […] The post Mastercard Enters Definitive Agreement to Acquire BVNK, A Stablecoin Infrastructure appeared first on Tekedia.

Binance recorded a massive $2.2 billion net inflow of USDT (Tether’s stablecoin). This marks the largest single-day stablecoin inflow to the exchange since November 2025, according to on-chain data from CryptoQuant. This surge ends several months of relatively subdued liquidity and low activity on Binance, the world’s largest cryptocurrency exchange by trading volume. Analysts, including […] The post Binance Records Massive $2.2B Net Inflows of USDT  appeared first on Tekedia.

Netflix has recently announced additional cast members for its upcoming limited series— The Altruists, a drama chronicling the rise and fall of the cryptocurrency exchange FTX and key figures like founder Sam Bankman-Fried and his business partner/girlfriend Caroline Ellison. The series, an eight-episode limited drama from co-showrunners Graham Moore and Jacqueline Hoyt with James Ponsoldt […] The post Netflix Adds Cast Members to The Altruists Series, A Drama Chronicling FTX Collapse  appeared first on Tekedia.

Impact of 5G on Mobile Gaming: Speed, Latency, Cloud and Esports 5G is transforming mobile gaming by reducing latency, increasing bandwidth and enabling cloud streaming and edge compute. Players, developers and telcos must adapt to maximize new opportunities in esports, live ops and cross‑region cloud gaming. TechCity

Designed and engineered to meet the productivity and portability needs of today’s professionals and offering superior performance with dedicated AI capabilities, ASUS announced the all-new ExpertBook Ultra. A premium business laptop that offers AI-driven performance and a lightweight and portable design, as well as advanced security and value-added features that make it an ideal choice […]