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Check FAQAbout Olusegun
Olusegun is a journalist with over a decade experience. He focuses on issues related to Africa including technology as they impact lives of end-users. He's worked for the world's largest tech media and event company, International Data Group IDG, the European Union Election Observation Mission (Sierra Leone 2012) and Concord Times newspaper in Freetown. His main area of scientific interest is on technology usage and its impacts.
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Social Media, Youthful Aspirations, and Going Beyond Tradition in Sierra Leonean Politics
The article explores the evolving political landscape in Sierra Leone, highlighting the potential rise of younger politicians like David Sengeh and Chernoh Alpha Bah. It discusses the influence of social media and shifting societal norms on political dynamics, drawing parallels with other African countries. The text emphasizes the importance of innovative policy solutions and increased engagement with technology in shaping public perception and political outcomes. It also considers the role of the international community and the power of incumbency in determining future leadership. The narrative underscores the need for thoughtful discourse and analysis to ensure the best possible outcome for Sierra Leone's future.
IMF Finds APAC Leading CBDC Push, Links to Crypto Adoption
The International Monetary Fund (IMF) survey reveals that the Asia-Pacific region is leading in the exploration of central bank digital currencies (CBDCs), with 83% of surveyed nations engaged in research, experimentation, or development. India and China are likely to issue retail CBDCs soon, with China already testing its e-CNY in multiple cities and Hong Kong SAR. Key drivers for CBDC interest include enhancing payment system efficiency, promoting financial inclusion, and maintaining monetary sovereignty. The survey also notes that crypto asset adoption in emerging markets and low-income countries in Asia is on par with advanced economies, with significant crypto transactions in countries like Mongolia, the Philippines, Thailand, and Vietnam.
ICOs vs. IEOs: Make Initial Coin Offerings Great Again or Go for Initial Exchange Offerings?
The article discusses the decline of Initial Coin Offerings (ICOs) in the crypto industry due to regulatory scrutiny, legal challenges, and the prevalence of scam projects. It explores the potential for ICOs to regain relevance if regulatory challenges are addressed. The emergence of alternative fundraising methods like Security Token Offerings (STOs) and Initial Exchange Offerings (IEOs) is highlighted, with IEOs offering enhanced regulatory compliance and investor protections. The article emphasizes the importance of solid business plans, market demand, and well-defined products or services for successful fundraising in the evolving crypto landscape.
Crypto Adoption in Nigeria: Implications of a Stronger Naira for Economic Growth
Nigeria remains a leading country for cryptocurrency adoption, with over 22 million users, driven by limited access to traditional financial services, currency depreciation, and rising inflation. A stronger naira, resulting from recent economic reforms, could enhance Nigeria's economic stability, attract foreign investments, and improve living standards. This would also impact the crypto market by promoting financial inclusion and technological innovation. Regulatory frameworks will be essential to balance innovation and consumer protection, ensuring sustainable growth in Nigeria's cryptocurrency sector.
Blockchain Interoperability - A Revolution in Multiple Industries
Blockchain technology has revolutionized multiple industries by introducing decentralized and immutable systems, reducing risks and costs. However, the adoption of various public blockchains has created a demand for interoperability. This report explores the concept of blockchain interoperability, its significance, challenges, and potential solutions. Interoperability enhances functionality, scalability, asset transfers, and collaboration but faces challenges like differing consensus mechanisms, smart contract compatibility, network security, and governance. Approaches to interoperability include cross-chain communication protocols, sidechains, pegged assets, atomic swaps, oracles, and middleware solutions. Despite challenges, ongoing developments aim to create a connected and efficient blockchain landscape.
塞拉利昂实施禁渔令以保护渔业资源
塞拉利昂实施了一个月的禁渔令以保护其渔业资源。该国是西非渔业资源丰富的国家之一,但自上世纪八十年代以来,由于外国商业捕捞船的进入,特别是中国船队,鱼类资源大幅下滑。工业拖网渔船的捕捞量巨大,且常超过申报量,对当地渔民构成压力。塞拉利昂缺乏监管资源,面对非法、不报告和无管制的捕捞活动(IUU)问题严重。英国广播公司(BBC)的纪录片揭露了非法的双拖捕捞行为。塞拉利昂政府采取措施,包括禁渔令和拒绝为条件差的中国船队续签许可证。议会批准了两项联合国协定,旨在增强监管和保护海洋资源。专家和当地渔民对禁渔令的效果意见不一,但都认为这是一个积极的开始。
Exploring the Crypto and DeFi Financial System in El-salvador
El Salvador is set to issue its first-ever $1 billion Bitcoin-backed bonds, known as Volcano Bonds, marking a significant milestone in the integration of traditional finance (TradFi) and decentralized finance (DeFi). The DeFi ecosystem, which includes cryptocurrencies, NFTs, and Metaverses, has grown significantly, reaching $174 billion by mid-November 2021. The El Salvadorian bonds aim to democratize access for both institutional and retail investors, showcasing the mainstream acceptance of crypto-assets. The article also highlights D/Bond, a decentralized bonds system based on smart contracts, which has garnered support from various investors and advisors. Experts like Rasheed Saleuddin and Jason Hung praise the potential of D/Bond to revolutionize the financial space with its innovative approach.
Jihan Wu’s BitDeer Looking to Buy Distressed Assets as Mining Rigs Get Cheaper
BitDeer, backed by former Bitmain CEO Jihan Wu, has established a $250 million fund to acquire distressed assets from Bitcoin miners, capitalizing on the current market downturn where mining equipment prices have significantly dropped. Bitmain has notably reduced the price of its Antminer S19 PRO, reflecting the broader industry's struggles. GlassNode reports indicate ongoing financial stress among miners, with significant outflows and Bitcoin trading near production costs. Compute North, a major US mining hosting site, is undergoing bankruptcy proceedings, highlighting the sector's financial challenges.
China’s Once-Largest Exchange in Talks to Sell Majority Stake
Leon Li, founder of Huobi Group, is in talks to sell his nearly 60% stake in the cryptocurrency exchange, potentially marking the industry's largest takeover amid a $2 trillion global crypto market. The deal, which could value Huobi at $3 billion, has drawn interest from FTX's Sam Bankman-Fried and Tron’s Justin Sun, though Sun denies involvement. Huobi, once dominant in China, has faced challenges following China's ban on crypto transactions, leading to a significant market share drop and potential layoffs. The exchange is seeking expansion in markets like Australia and Dubai amidst regulatory hurdles in Uzbekistan.
Bitcoin Price in One of Worst Weeks Ever
Bitcoin experienced one of its worst weeks, with prices falling below $20,000 for the first time since 2020, reaching a low of $17,770. The decline is attributed to tighter monetary policies and fears of a recession. Key events include Celsius locking up $12 billion in crypto assets and insolvency claims against Three Arrows Capital. Despite the downturn, MicroStrategy's Michael Saylor remains committed to investing in Bitcoin. The Federal Reserve's interest rate hike and significant realized losses reported by Glassnode also contributed to the market's negative sentiment.
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