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Africa has the ability to leapfrog into DeFi (2 minute read)
African technology innovators present at the recent Africa Money & Defi Summit in Accra, Ghana believe that they are at the forefront of change on the continent. Sponsored by the International Trade Centre's NTF V Tech project, the summit saw fintech startups PayBox, Motito, Pal and Makewehelp exhibit alongside established firms such as MFS Africa and Paystack, and web3-focused businesses Revio and Mazzuma. David Boye-Doku, co-founder of the mobile cross-border payments startup, Paybox, believes that “Africa has the ability to leapfrog into decentralized finance (Defi) and smooth over the difficulties of cross-border finance through blockchain and web3. Decentralizing finance in Africa will give everyone access and the choice of alternative currencies; it offers financial and digital inclusion.”
South African hacker group exploits cloud computing free trials to mine cryptocurrencies (3 minute read)
A South African hacking group known as Automated Libra is behind a campaign dubbed PurpleUrchin that mass-exploited free trials for cloud computing resources to mine cryptocurrency, according to a report by Palo Alto Networks' Unit 42. Automated Libra created 22,380 GitHub accounts between September and November 2022, which could have resulted in more than $2m of unpaid bills, and also created 100,723 Heroku accounts between November 2021 and July 2022. Researchers identified over 40 individual crypto wallets and seven different cryptocurrency tokens mined and sold through the exchanges CRATEX ExchangeMarket, crex24, and Luno.
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