Dennis Itumbi Optimistic on WorldCoin saga desptie ban - here's what happened in Web3 KE last week
Hello there! Happy new week. Welcome to Blockwisely Web3News Ke, where you get the latest news, insights, updates, and trends from the Web3 ecosystem in Kenya and East Africa at Large.
You can now check us out on our official social media platforms:
Linkedin: @blockwisely
Twitter: @blockwisely
Don’t forget to give us a follow if you love the weekly updates!
SPONSERED BY NGENI LABs
Engineering for the new Internet ecosystems
NGENI LABs intends to put East Africa on the map as a go-to stop for fintech engineering, particularly within DeFi, Web3, and Blockchain.
“Ours is a profound commitment to building compelling products by providing exceptional custom software development to suit your desired business needs.”
Now let’s check last week’s updates:
1. Kenya suspends WorldCoin registration:
The Kenyan Government Suspended WorldCoin due to concerns over privacy and data protection. This makes Kenya the first country to suspend WorldCoin operations fully
2. Dennis Itumbi Optimistic on WorldCoin despite ban:
Dennis Itumbi expressed optimism about the WorldCoin saga despite the suspension of its operations by the Kenyan government. He has defended the project, saying that two different firms on WorldCoin did two separate security audits, citing that it is safe
Image by Nairobi News
3. EMURGO Africa talks on Digital Finance in Africa in its Q2 2023 Report:
In EMURGO Africa's Q2 2023 report, Chapter 2 talks on the Effect of Financial Inclusion. It provides an overview of what has been academically proven regarding the effect of financial inclusion on development measures, while Chapter 3 discusses the DigiFi business in Africa and its expansion, with lending being a prominent service, and the report also explores various aspects of Web 3.0, such as decentralized finance (DeFi), blockchain technology, digital identity, smart contracts, and the outcome of cryptocurrency regulation, investment, and development in Africa.
Image by EMURGO Africa
4. Opinion Piece: Rufas Kamau raises concerns about WorldCoin and its founder, Sam Altman.
In this Twitter thread, Rufas Kamau raises concerns about WorldCoin. He questions why Sam Altman isn't selling WorldCoin to Americans if it's beneficial and well-intentioned. Kamau suggests that Altman is targeting countries like Kenya with less regulatory protection for data collection and manipulation. Furthermore, Kamau highlights that WorldCoin is an unregistered security with a premise, making it prone to manipulation.
Image by Rufas Kamau
EVENTS THAT HAPPENED LAST WEEK:
1. Machankura, a platform that allows users to send Bitcoin via USSD, launches in Kenya:
Machankura launched in Kenya on Friday 4th August. The event was hosted by Bitcoin Dada (@btc_dada)
Images by Bitcoin Dada
2. Memoi and Kushite ICP East Africa Hub had a meet-up in JKUAT on Friday 4th August:
KushiteICP and Memoi had a meet-up on Friday 4th August in JKUAT focused on education and awareness of blockchain technology
Image by @Memoians
3. Kushite ICP East Africa Hub participates in IO Extended by GDG Nairobi on Saturday 5th:
ICP Kushites Participated in IOExtended Nairobi by GDG Nairobi on Saturday 5th August.
Images by GDG Nairobi
UPCOMING EVENTS:
1. State of Web3 in Kenya at Innovate Nairobi Tech week on 8th August:
State of Web3 in Kenya talks will be happening on 8th August as Innovate Nairobi Tech Week from 9 - 11 am EAT.
2. Network State Nairobi Meet Up on 17th August at Jenga Leo Co-working:
The event will be happening from 2.00 - 4.00 PM EAT
Image by Luma
3. Blockchain Association of Kenya AGM on 9th September:
The Blockchain Association of Kenya (BAK) will be having an Annual General Meeting (AGM) on 9th September 2023 1.30 pm - 4.00 PM EAT
4. ReFi Kenya happening from 13th - 15th of September in Nairobi:
ReFi Kenya will be happening from the 13th - 15th of September in Nairobi.
5. Eth Safari from 18th - 24th September:
Eth Safari early bird tickets are also out. Early Bird tickets are going for KES 6,500 while final release tickets are going for KES 9,500.
Bitcoin Local Price this week
Kshs 4,203,912.66
USDT Local Price this week
Ksh 143.70
Source: Binance
That marks the end of this week's updates. We hope you found our coverage informative and insightful.
Don't forget to join us next week for more exciting news, interviews, and analysis from Kenya's vibrant web3 community.
In the meantime, keep innovating, learning, and pushing the boundaries of what's possible with web3 technology. See you next week!
Weekly news updates are proudly brought to you by Blockwisely