Year: 2022


Mama Bitcoin: Fishing For Female Empowerment With Crypto In West Africa

Mama Bitcoin, the pseudonym of a young Senegalese Bitcoiner called Bineta, was the first retailer in Senegal or even west Africa to accept crypto payments. She aims to inspire other women into getting into blockchain technology and start investing.

She started her journey in early 2017 and opened her village’s first bakery in Senegal’s capital. While the first steps of business investments were highly costly here, which is why she started with multi-level marketing or MLM. After this, she spent hours and hours researching BTC and its related content. She concluded how it would rise even further!

The bakery plan then dropped and then emerged her new business, a fishing commerce platform “Bleu Comme Le Mer”. According to him, bitcoin is not only a tool for freedom by an emerging technology to improve Africa’s development.

Bineta worked harder while writing more articles about the BTC industry and publishing them. This broadened her audience base to a massive extent.

Her business started accepting ETH and XTZ lately. Traders can buy any fish or sea animal they want from their business in exchange for cryptocurrencies. Not only does it streamline the entire fishing industry, but it also helps to undermine overfishing which is a common activity in west Africa.

Even though not every woman was convinced enough, there is always hope. In the Bitcoin meetup 2022, there were three women out of 20 participants, which isn’t a really bad start. The infectious energy and the potential of Mama Bitcoin will gradually raise the growth of cryptocurrencies to a national level.


Robinhood Partners With Chainalysis Ahead Of Crypto Wallet Launch

The Blockchain analytics firm Chainalyis will now be partnering with Robinhood to monitor compliance solutions. It is used chiefly for the Chainalysis Reactor and its investigations software. This partnership will facilitate data and tools for trading in its crypto wallet.

Chainalysis, last Monday, happened to announce that their integrated partnership with Robinhood Crypto will overcome and meet every compliance regulation for their users even before the launch of the crypto wallet. The crypto wallet is expected to roll out for users in early 2022. Thus, meeting the compliances before the launch is a very competitive move by Chainalysis and Robinhood.

According to Robinhood, Immediate Edge integrated platform will adapt the Chainalysis “Know Your Transaction,” a compliance monitoring solution. This update will ensure that the compliances are adequately met every time by the platform, reducing the risks of any future hindrances after the launch. This trading app will also use the Chainalysis certification programs to achieve this compliance.

As per Chainalysis, they work with the best regulators and law enforcement to follow the industry best practices and approaches aligned with the upcoming Robinhood commitment. According to Robinhood, the waitlist for the wallet launch has more than 1.6 million potential people who are actively ready to support and deposit BTC, ETH, DOGE, and other types of tokens. The application has also been tested rigorously since September.

Chainalysis is one of the leading solutions for tracking crypto transactions legitimately by government agencies and companies. However, after Robinhood went public in Nasdaq in July, the share price declined to a height of $70.39 on August 4 to $21.83, with a rough drop of about a whopping 70%. Thus, this collaboration may be a potential move to balance out this drop in the future.