Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Bitcoin News»Africa Crypto Week in Review: Kenyan Court Orders Worldcoin to Delete Biometric Data, CBEX Plans Reboot, Nigerian Fintech Joins Zone Blockchain
    Bitcoin News

    Africa Crypto Week in Review: Kenyan Court Orders Worldcoin to Delete Biometric Data, CBEX Plans Reboot, Nigerian Fintech Joins Zone Blockchain

    FintechFetchBy FintechFetchMay 10, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Africa crypto news: Court in Kenya orders Worldcoin to delete biometric data, CBEX reboots amid scam fears, Nigerian fintech joins Zone blockchain for faster payments.

    The Worldcoin project faces legal challenges in Kenya after a court ordered the deletion of collected user biometric data. Meanwhile, the controversial crypto exchange CBEX is attempting a reboot, drawing further scrutiny after recent failures. In Nigeria, the Zone blockchain network has partnered with two fintech platforms to enhance payment efficiency.

    Let’s explore these headlines from the continent this week:

    Kenya Crypto News: Worldcoin Ordered to Delete Biometric Data

    A Kenyan court has ordered Worldcoin, the project by Sam Altman, to delete biometric user data collected from citizens.

    This directive follows months of government scrutiny over Worldcoin’s activities in the country. The platform gained attention due to its controversial orb, which users scanned their retinas to access in exchange for free crypto.

    Judge Rose Aburili ruled on Monday that this data collection was illegal and violated Kenyan data protection laws. The court found that offering free crypto constituted inducement, undermining informed consent.

    Worldcoin has seven days to delete the collected data under the supervision of the authorities. This setback complicates Worldcoin’s operations in Kenya, and analysts are closely monitoring its impact on WLD. The coin, supporters claim, is among the best cryptos to buy in Q2 2025.

    Africa crypto news: Worldcoin ordered to delete biometric data, CBEX reboots amid scam fears as Nigerian fintech joins Zone blockchain

    (WLDUSDT)

    DISCOVER: Top 20 Crypto to Buy in May 2025

    Africa Crypto News: CBEX Attempts Reboot

    The controversial crypto exchange CBEX is attempting a reboot to restore investor confidence. The platform announced new withdrawal options after a chaotic month during which its activities came under scrutiny amid fears of a scam operation.

    Nigerian authorities indicted eight individuals, including four Kenyans, suspected of being behind the operation.

    CBEX is now seeking to ease concerns about a potential collapse. For weeks, users could not withdraw funds, fueling controversy around its business model.

    However, the new plan is contentious. It requires users with over $1,000 on the platform to pay a $100 fee to withdraw up to 50% of their initial deposits.

    CBEX Crashed?

    Someone has $89,000 locked inside the platform and he has been inconsolable since then.

    Even with this sad development and set back for CBEX users, this was CBEX’s office in Ikeja this afternoon.

    To know we have this number of gullible people in my country is… pic.twitter.com/DP0P0abyn0

    — ABODE (@iamAbode) April 11, 2025

    Demanding users to pay to access their funds adds further suspicion to a company already under scrutiny for its overly generous promises.

    This attempted reboot will unlikely restore its reputation as authorities continue investigating its operations.

    Nigeria Crypto News: Accelerex and ITEX Join Zone Blockchain

    Nigerian fintech platforms Accelerex and ITEX have joined the regulated Zone blockchain.

    This partnership will leverage Zone’s robust infrastructure to eliminate transaction failures and streamline payments. Some of these funds are funnelled into some of the hottest presales in 2025.

    Accelerex and ITEX, Nigeria’s leading PTSPS have joined the Zone Payment Network! The future of payments is here. #WeAreZone #ConnectToTheFuture pic.twitter.com/99ctcVEb1k

    — Zone (@zonenetworkhq) May 5, 2025

    Accelerex and ITEX provide terminals across Nigeria for quick cash withdrawals via debit cards or mobile transfers.

    Processing transactions on-chain reduces reliance on third-party processors, lowering operational costs. This efficiency aligns with the business model of these fintech companies, which prioritize user convenience.

    DISCOVER: 17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis

    Africa Crypto News: Worldcoin Faces Kenya Court Order, CBEX Reboots

    • Kenya crypto news: Worldcoin ordered to delete biometric data within 7 days 
    • Africa crypto news: CBEX attempts a comeback with new withdrawal options 
    • Nigeria crypto news: Fintechs Accelerex and ITEX join Zone blockchain to enhance payment efficiency 

    The post Africa Crypto Week in Review: Kenyan Court Orders Worldcoin to Delete Biometric Data, CBEX Plans Reboot, Nigerian Fintech Joins Zone Blockchain appeared first on 99Bitcoins.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDid The TRUMP Token Team Just Sell Another $50 Million as Price Surged?
    Next Article FedEx Board Member David Steiner to Be Postmaster General
    FintechFetch
    • Website

    Related Posts

    Bitcoin News

    Iran Response to US Bombing: Bitcoin Recovers As WW3 Looms

    June 22, 2025
    Bitcoin News

    Why is The US Market Closed Today? What is Juneteenth National Independence Day?

    June 21, 2025
    Bitcoin News

    UK to Cap Bank Crypto Holdings at 1 Percent by 2026

    June 21, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    XDC Network Concludes Integration with Utila Enabling Institutional Access to Custody Assets

    May 27, 2025

    What is digital employee experience, and why should financial services care?: By Dominic Mensah

    April 22, 2025

    Kevin O’Leary: Four-Day Workweeks Are the ‘Stupidest Idea’

    June 5, 2025

    Dogecoin Uptrend Intact? Expert Analysis Sparks Bullish Buzz

    May 3, 2025

    Arizona Legislature Passes Landmark Bitcoin Investment Bills

    April 30, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone

    April 12, 2025

    Here’s why I won’t touch these FTSE 100 dividend stocks with a bargepole

    March 26, 2025

    Em Conversa: Improving Business Payments in Mexico With Belvo

    February 11, 2025
    Our Picks

    See how much an investor needs in an ISA to fund an £888 monthly passive income

    June 22, 2025

    Bitcoin Closes Daily Price Below 50MA

    June 22, 2025

    Etraveli Group Selects Mastercard to Improve Its Fintech Arm’s Product, PRECISION

    June 22, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.