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Elon Musk alleges SBF donated over $1B to Democrats: “Where did it go?”

The attempts of mainstream media to water down the frauds committed by FTX CEO Sam Bankman-Fried (SBF) did not fare well in convincing the crypto community and entrepreneurs. Instead, the misinformation campaign collided with Tesla CEO Elon Musk’s drive to position Twitter as “the most accurate source of information.” The world is yet to overcome the shock after witnessing the legal leniency awarded to SBF for misappropriating users’ funds and shady investment practices via trading firms Alameda Research and FTX. Will Manidis, the CEO of ScienceIO, a healthcare data platform, pointed out that SBF made the “highest ROI trade of all time” by donating $40 million to the right people for getting away with stealing over $10 billion. That’s just the publicly disclosed number. His act...

Vitalik Buterin ‘kinda happy’ with ETF delays, backs maturity over attention

The co-founder of Ethereum (ETH), Vitalik Buterin, believes that the crypto ecosystem needs to mature and be in tune with the regulatory policies that allow crypto projects to operate internally freely. Sharing his opinion around crypto regulations, Buterin spoke against the regulations that have an impact on the inner workings of a crypto ecosystem. Considering the current circumstances, he believed it was better to have regulations that allow inner independence to crypto projects, even if it hampers mainstream adoption. Buterin opined: “I’m actually kinda happy a lot of the exchange-traded funds (ETFs) are getting delayed. The ecosystem needs time to mature before we get even more attention.” The use of know-your-customer (KYC) on decentralized finance (DeFi) frontends was another ...

UNICEF calls for child safeguards amid mainstream crypto adoption

The United Nations Children’s Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets. UNICEF’s “Prospects for children in 2022” report, which examines the impact of global trends on children, anticipates further mainstream adoption of cryptocurrencies — “demonstrating both the promise of greater financial inclusion and the need for new child safeguards.” Source: UNICEF The report shows that digital currencies have gained widespread interest in 87 countries by the end of 2021, with the majority of jurisdictions experimenting on their own versions of a central bank digital currency. UNICEF expects a similar growth trajectory in 2022, as the report states: “A potentia...

Kano governor: Why I gave women more political appointments

Governor Abdullahi Ganduje of Kano says he has compensated APC women by giving them more political opportunities in the state than they aspired. The governor also pledged to support more women aspiring for political offices in 2023, saying that more women are needed in the mainstream political sphere. Mr Ganduje made the pledge on Monday evening at an interactive session with journalists as part of activities to mark the Nation’s Democracy Day. He noted that the ruling party in the state, APC, had previously supported women with political ambition. He said, ”Although the party made it open and free for female contestants to obtain registration forms for various positions, they had ceased (sic) the opportunity.” ”But despite their failure to make it to their aspired positions, the administr...

African environment ministers support green recovery plan

Ministers of Environment from Africa on Friday agreed to support a comprehensive green recovery plan to boost economies and social systems aimed at building back better from the coronavirus (COVID-19) pandemic. This is contained in a ministerial statement issued at the end of the eighth special session of the African Ministerial Conference on the Environment (AMCEN) in Nairobi, Kenya. Representatives of the 54 African governments re-affirmed their commitment to enhance environmental resilience as well as protect and sustainably use natural resources for the region’s development. The high-level ministerial regional conference held virtually under the theme “Enhancing Environmental Action for Effective Post-COVID Recovery in Africa”, further called to accelerate the protection and restoratio...