FinTech news in Chainalysis category

Nnadi says his company will engage more African governments — including those who have an anti-crypto stance like Nigeria and Kenya– to see the benefits of blockchain and assist in drafting licensing regimes for crypto companies to operate in their countries. In a statement, the company revealed that it struck a partnership with the Central African Republic — the first country to legalize bitcoin as a legal tender in Africa and second globally only to El Salvador –to become its official crypto partner and an advisor to the president on crypto strategy and planning.

Singapore-based crypto trading and asset management startup Amber Group is reportedly raising a new round at a $10 billion valuation; 11 months ago it had just reached the unicorn status in a $100 million financing round. Chainalysis, a startup that provides crypto investigation and compliance services, has secured $170 million in a Series F funding round led by GIC, a sovereign wealth fund of Singapore.

Coinbase Ventures investor Katherine Wu is leaving the company for early-stage crypto venture capital firm Archetype, less than a year after joining Coinbase as a senior deal lead in September.

While DCG focuses on western markets and building products for HNIs and institutional clients with custodial features, Nestcoin primarily builds, invests and operates web3 and non-custodial products that are more accessible for everyday people in frontier markets. Before starting Nestcoin, founders Yele Bademosi and Taiwo Orilogbon led the charge at Bundle Africa.