Binance users withdraw billions after record crypto hack
The exchange froze transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.
Build for Nigeria’s worst day, says OPay COO Dotun Adekunle
Nigeria’s technology market is usually described by its problems, from unreliable infrastructure to a volatile economy. Dotun Daniel Adekunle, OPay’s chief operating officer and chief technology officer, argues that the country’s most durable companies are the ones built to survive its worst days. “Stubbornness is a business model in Africa,” Adekunle said in a keynote titled “Markets That Refuse to Break” at Moonshot by TechCabal on 28 October. A market…
African creators need infrastructure that turns attention into income, Moonshot panel says
African creators have the talent and the audience. What holds them back is the infrastructure that turns attention into income. That was the thread through “Can African players build the infrastructure creators need?”, a panel at Moonshot by TechCabal on Thursday. The session featured Richard Oyome, co-founder and COO of Raenest; Kene Okwuosa, founder and group CEO of Filmhouse Group; Darey Art Alade, co-founder and chief creative officer of Livespot360;…
These firms you've never heard of are feeding fears the AI bubble could burst
The amount of debt held by data centres is measured in the tens of billions of pounds.
Verve plans phone tap-to-pay and AI agent payments, CEO says
Verve, Nigeria’s largest card scheme, plans to let customers pay by tapping their phones and, eventually, to let AI assistants make payments on their behalf, its chief executive, Vincent Ogbunude, said on Thursday. Speaking on the Big Tech and Enterprise Stage at Moonshot by TechCabal on 29 October, Ogbunude described the plans as the next step in removing friction from payments. “The greatest cost in payments is friction,” he said.…
Intra-African payment rails are key to cutting cross-border friction, says Grey
Grey is building its own payment connections between African markets to make cross-border transfers more reliable and to secure the foreign currency needed to settle them, Idorenyin Obong, its co-founder and chief executive, said at a press briefing at Moonshot by TechCabal 2026 on Thursday. “We have invested in building rails within Africa,” Obong said. Grey lets individuals and businesses send and receive money across markets including Nigeria, Kenya and…
Nigeria’s AI ambitions depend on building for local realities
Nigeria’s AI progess will be judged by the local problems it solves, as Nigeria can adopt the latest AI tools but still fail to solve the problems that matter most to Nigerians, panellists said at “The State of AI in Nigeria”, a session at Moonshot by TechCabal on Thursday, 29 October. The panel featured Olubunmi Okunowo, a senior programme officer at the Gates Foundation; Johnson Agogbua, founder and CEO of…
How Vectar Energy moved from selling solar generators to building carbon-market infrastructure
In 2025, Biodun Ogunleye, the Lagos State Commissioner for Energy and Mineral Resources, said that about 30,000 deaths occur annually in the state due to exposure to carbon monoxide. Growing up, Deborah Fadeyi had seen how generators became part of everyday life, even when their consequences could be fatal. It became personal in 1999 when she lost a friend to carbon monoxide poisoning from generator fumes. “I was young, but…
Stablecoins gain ground in African trade but face hurdles to wider use
Stablecoins are giving African businesses an alternative way to pay overseas suppliers, but costs, security concerns and fragmented blockchain networks remain obstacles to wider use, industry executives told Moonshot by TechCabal in Lagos. Speaking on a panel titled, “Where Are Stablecoins Creating Real Value in Africa?”, representatives from Solana Superteam Nigeria, Obiex and Hyperbridge said demand was being driven by practical difficulties in accessing foreign currency and completing international payments.…
Why North Korea's 'elite' hackers are the prime suspect in major Binance hack
If the accusations are true, the record-making heist shows how powerful suspected North Korean hackers have become.
Credit Direct wants a bigger role in how Nigerians access financial services
Credit Direct, the consumer lending subsidiary of FCMB Group, a Nigerian financial services group, is expanding beyond traditional lending into embedded finance as it seeks to make credit and other financial services more accessible to individuals and businesses. Victoria Arinze, product marketing lead at Credit Direct, said at Moonshot by TechCabal in Lagos that Credit Direct wants to use partnerships with businesses and merchants to bring credit closer to these…
US tech stocks see sharp falls over AI cost concerns
Shares in Intel have continued to fall while the tech-heavy Nasdaq opens at its lowest level in more than two months.
Binance hack - who is behind it, is my money safe and what we know so far
Binance has been hit by what could be the biggest crypto hack ever - here's what we know so far
From Bitcoin to Binance: Crypto terms and what they mean
The Binance hack has thrust cryptocurrencies back into headlines - but what are they and how do they work?
Banks must become ‘invisible’ to compete in digital finance
Banks must anticipate customers’ needs and embed financial services into everyday transactions to compete with digital platforms, executives from Access Holdings and OPay told Moonshot by TechCabal in Lagos. Daniel Awe, head of Fintech Foundry at Access Holdings, said banking’s next phase would require institutions to offer services when customers needed them, rather than wait for people to visit a branch or open an application. “The future of banks is…
From salary splits to loans: How Grey plans to turn FX paychecks into credit
Grey, the Y Combinator-backed cross-border payments company, is looking to use foreign currency salary records to help remote workers access credit, addressing a gap in how traditional lenders assess professionals earning internationally. Speaking on the Moonshot Podcast at Moonshot by TechCabal 2026 in Lagos, Nigeria, Idorenyin Obong, Grey’s co-founder and chief executive officer, said many remote workers struggle to establish creditworthiness because conventional credit bureaus have limited visibility into income…
How video game remakes tap the power of nostalgia
Video games are good at triggering nostalgia, a key reason why classic games keep getting remade.
Breet makes case for simpler crypto payments at Moonshot
Making cryptocurrency payments easier to use is as much a challenge as building the infrastructure behind them, Breet chief operating officer Vivian Mbene told Moonshot by TechCabal in Lagos on Wednesday. Mbene said the company’s biggest task was making a complicated product appear simple to customers, allowing businesses to accept digital assets without taking on the operational demands of managing them. Breet, founded in 2019, converts cryptocurrency into cash for…
Grey’s next bet is making African trade less dependent on the dollar
Grey, the Y Combinator-backed cross-border payments company, says it has built direct currency conversion routes to help African businesses pay suppliers across borders without first converting their money into US dollars, as it expands its services for businesses trading across the continent. Speaking at a media briefing with journalists on the sidelines of Moonshot by TechCabal 2026 in Lagos, Nigeria, on Thursday, Idorenyin Obong, Grey’s co-founder and chief executive officer,…
Africa needs cheaper AI to reap economic gains, says Enzi’s Udezue
Africa’s ability to benefit from artificial intelligence will depend on bringing down the cost of using it, Oji Udezue, president of Enzi, told Moonshot by TechCabal in Lagos. Udezue said reducing the cost of inference, the process through which AI models generate responses and perform tasks, was essential to making the technology affordable for businesses and individuals across the continent. “Our goal is to make AI cheaper for Africa and…