Blog
SoFi Leverages Stablecoins for Blockchain-Based Payment Settlements
SoFi is transitioning its card program to utilize its SoFiUSD stablecoin for blockchain-based settlements, aiming for over $25 billion in annual volume. This move highlights stablecoins as a viable alternative for payment processing without eliminating traditional banking intermediaries.
New York Attorney General Sues Polymarket Over Alleged Illegal Gambling Practices
New York's Attorney General has filed a lawsuit against Polymarket, claiming the prediction market platform is operating an illegal gambling business by offering contracts on sporting events. This follows a similar lawsuit against Kalshi earlier this year.
Local Contractors Challenge Government Over Tax Breaks for Chinese Firms
Local contractors in Kenya are suing the government for failing to disclose tax breaks granted to Chinese firms, claiming these concessions create an unfair competitive advantage that harms local businesses.
Africa Spirits Triumphs in Trademark Battle Over Glen Whisky Brand
Kenya's Africa Spirits Limited has successfully defended its Glen Rock whisky brand against the Scotch Whisky Association, which claimed the branding misled consumers into thinking it was Scottish-made.
New Tax Order: Late Payments Now Linked to Market Rates Starting 2026
Starting October 1, 2026, late tax payments in Nigeria will incur interest linked to market rates, as per a new Federal Government order aimed at promoting timely compliance and reducing public borrowing costs.
IBM Launches Beta Link for 24/7 Tokenized Deposits on Swift Ledger
IBM has introduced a beta link allowing banks to manage tokenized deposit transfers on Swift’s blockchain ledger using existing payment systems, enhancing digital asset operations for financial institutions.
Mauritius Bank Secures $6.5M Debt Recovery from Kenyan Oil Firm
The High Court has ruled in favor of Mauritius Commercial Bank, allowing it to recover a $6.5 million debt from Jade Petroleum Limited after a protracted legal battle linked to Imperial Bank's collapse.
Kenya Re to Assess East Africa's Flood and Earthquake Risks
Kenya Reinsurance Corporation aims to map flood and earthquake risks in East Africa, focusing on Kenya, as extreme weather poses growing challenges for insurers.
SGR Revenue Soars to Sh11.6 Billion in H1 2026 Driven by Increased Traffic
The Standard Gauge Railway (SGR) in Kenya reported a revenue increase to Sh11.6 billion in the first half of 2026, fueled by a 14.6% rise in passenger traffic.
Solana Foundation Expands Team with Ex-Binance CMO and Payments Executive
The Solana Foundation has appointed Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payments to enhance institutional partnerships and focus on stablecoins, following recent strategic expansions.
Institutions Maintain Crypto Holdings Amid Market Drawdown, Bitwise Reports
A recent Bitwise report reveals that none of the 15 institutions surveyed sold their crypto assets during a 50% market decline, with Bitcoin remaining the favored investment. Concerns over regulatory issues and market credibility were cited as potential triggers for selling.
Bitcoin ETFs See $347M Inflows as BTC Dips Below $84K After Peak
Bitcoin ETFs attracted $347 million in inflows on Wednesday, even as BTC slipped below $84,000 after reaching over $87,000. Cumulative inflows for the week hit $2.65 billion, with BlackRock's ETF leading the charge.
