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24 MARCH, 2023
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THE WORLD WIDE WEB3
Bitcoin | $28,211 | + 2.87% |
Ether | $1,809 | + 3.97% |
BNB | $327 | + 1.56% |
Solana | $22.04 | + 2.75% |
|
Source: |
* Data as of 05:50 AM WAT, March 24, 2023.
The US Securities and Exchange Commission (SEC) has charged eight celebrities for selling crypto schemes illegally. BBC News reviews that the celebs, together with Ne-Yo, Lindsay Lohan and Soulja Boy, reportedly broke US’ anti-touting regulation by selling TRX and BTT crypto property with out disclosing that that they had been paid to advertise the property. All eight have paid about $400,000 in fines. In September 2022, one other superstar, Kim Kardashian, paid over $1.2 million in fines for breaking the identical regulation.
The United Arab Emirates (UAE) is one step nearer to launching its personal central financial institution digital forex (CBDC). CoinTelegraph reviews that the nation signed an settlement with Abu Dhabi’s G42 Cloud and digital monetary companies supplier R3 to be the infrastructure and know-how suppliers for the implementation of the digital forex. As of March 2023, over 115 nations are reportedly exploring CBDCs.
The founding father of collapsed crypto coin Terra has been arrested in Montenegro for working a $40 billion crypto fraud scheme. The Verge reviews that Do Kwon has been apprehended following the 2022 Terra/Lina crash which the SEC alleges constituted an enormous fraud that evaporated over $40 billion in worth.
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NIGERIAN POLITICIAN ACCUSES INEC OF RIGGING
Two weeks after the conclusion of Nigeria’s presidential elections, one of many nation’s presidential candidates has accused the Independent National Electoral Commission (INEC) of rigging the election with third-party software program.
According to candidate Atiku Abubakar, INEC reconfigured the Bimodal Verification and Accreditation System (BVAS) with software program that rigged the election in favour of president-elect Bola Ahmed Tinubu.
In an electoral petition filed earlier this week, Abubakar alleged that this premeditated manipulation was the true cause behind the delayed transmission of the outcomes. Throughout the elections, a number of polling items reported INEC brokers experiencing difficulties accessing the BVAS portal, and the outcomes weren’t obtainable till hours after they had been uploaded to the IReV portal.
One day after the elections, INEC reported that its election consequence viewer (IReV) was experiencing “technical hitches” associated to scaling the usage of its election. According to a press release signed by chairman for its Voter Education Committee, Festus Okoye, the portal was unprepared for managing nationwide normal elections and has solely been utilized in “off-season” durations.
Per Abubakar’s petition, INEC didn’t expertise any hitch. The establishment, as an alternative, used a third-party software program known as Device Management System (DMS) to change the configuration that INEC’s ICT staff head, Chidi Nwafor, had initially accomplished. This new configuration allegedly allowed the BVAS to observe, quarantine, and filter the information earlier than transmission to the endpoint.
Zoom out: Another candidate, Peter Obi, additionally filed a petition, asking the courts to subpoena Amazon workers. Per Obi’s petition, Amazon’s internet hosting platform (AWS) nonetheless holds INEC’s election knowledge and as such “ought to be the same” because the introduced outcomes. Looks like Nigerians don’t have a brand new president but.
KENYA SAYS NO TO PROTEST COVERAGE
Kenya needs everybody to maintain mum about its protests.
Yesterday, the Communications Authority of Kenya (CAK) warned six media shops towards their protection of the nation’s ongoing protests.
What protests?
Led by Raila Odinga, a presidential candidate who misplaced to President William Ruto, Kenyans are protesting the excessive price of residing within the nation. They are protesting towards the regime of President Ruto which they are saying is illegitimate.
Between September 2022 when President Ruto assumed workplace and March 2023, Kenya’s inflation charge rose from 6.8% to eight.3%, and the costs for key commodities grew by 42%.
The bi-weekly protests—scheduled for Mondays and Thursdays—have already seen two folks shot, one fatally, and over 200 protesters arrested. Thirty-one policemen have additionally been injured within the violent conflict throughout Nairobi and different cities. According to vp Rigathi Gachagua, Kenyan companies have already misplaced $15 million to the protests.
Media shops throughout Kenya have broadcasted the protests, however a latest warning from the CAK reveals that that is unlawful. Per the CAK, broadcasters must obey a number of legal guidelines which direct them to broadcast with care. Clause 19 of the Kenya Information and Communications Act, for instance, urges broadcasters to not glorify violence that can incite or perpetuate hatred.
Per the director normal of the CAK, Ezra Chiloba, six stations—NTV, Citizen TV, K24, KBC, TV47, and Ebru TV—had been in violation of those legal guidelines and additional violations would result in a loss in broadcast licences.
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KENYA INTRODUCES NEW FOREIGN EXCHANGE LAWS FOR BANKS
The Central Bank of Kenya (CBK) has introduced a brand new Kenya Foreign Exchange Code (the FX Code) to business banks.
The Kenya Foreign Exchange Code is made up of six ideas that every one establishments are required to stick to.
The ideas
The ideas deal with the code of ethics when working within the FX market, the necessity for sound and efficient governance framework to supervise FX market exercise, and exercising due care when negotiating and executing transactions.
Additionally, the ideas search to deal with readability and accuracy in communication within the FX market, growth and upkeep of a sturdy management and compliance framework, in addition to making certain predictable, clean, and well timed settlement of FX transactions.
All for a superb trigger
According to the CBK, the ideas goal to strengthen and promote the integrity and efficient functioning of the wholesale international alternate (FX) market in Kenya.
“It will facilitate better functioning of the market, reinforcing Kenya’s flexible exchange rate regime for greater resilience of the economy,” the financial institution stated.
TC INSIGHTS: FUNDING TRACKER
Here’s the funding information for this week.
This week, Credable, a pan-African-based fintech firm, raised $2.5 million in a seed spherical. The spherical was led by The Continent Venture Partners (TCVP). Other traders included Lauch Africa, MAGIC Fund, ACASIA Ventures, AAIC Investment, Aadverse Emurgo Africa, and different traders.
Here are the opposite offers this week:
- Egyptian SaaS firm Flapkap raised $1.2 million in an undisclosed funding spherical. The spherical was led by A15, the main MENA enterprise capital agency and one of the vital outstanding traders of early-stage start-ups within the area.
That’s it for this week!
Follow us on Twitter, Instagram, and LinkedIn for extra funding bulletins. You also can go to DealFlow, our real-time funding tracker.
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EVENTS: TECHCABAL AT 10
Here’s an inventory of all of the Twitter Spaces we’ll be holding to have a good time our Tenth-year anniversary.
- March 30—The position of the media in overlaying African tech. How can the media assist Africa’s growing tech ecosystem? What accountability does the media owe the ecosystem, and what can the media anticipate in return? Should the media solely cowl the great tales? Find out right here.
IN OTHER NEWS FROM TECHCABAL
What state-generated electrical energy may imply for Nigerians and native tech ecosystems.
Verod-Kepple Africa Ventures broadcasts $43 million enterprise fund for pan-African startups.
JOB OPENINGS
- Zikoko – Managing Editor – Lagos, Nigeria (Remote doable)
- Big Cabal Media – Commercial Director – Africa
- Big Cabal Media – Software Developer, Senior Product Manager, Sales Associate, Senior Sales Manager, Senior Editor (Citizen) – Lagos, Nigeria (Hybrid)
- Lemonade Finance – Social Media Associate, Senior Backend Engineer , Security Engineer – Africa (Remote)
- Assets MFB – Head of Brands and Marketing – Nigeria
- Kuda Bank – DevOps Engineer, Backend Engineer, Android Engineer, Lead Product Manager, Copywriter, UX Writer, – Nigeria
- Andela – Engineering Matching Specialist – Remote
There are extra jobs on TechCabal’s job board. If you might have job alternatives to share, please submit them at bit.ly/tcxjobs.
Written by – Timi Odueso, Ephraim Modise & Tomisin Bamidele
Edited by – Kelechi Njoku
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…. to be continued
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Copyright for syndicated content material belongs to the linked Source : TechCabal – https://techcabal.com/2023/03/24/techcabal-daily-nigeria-election-rigged/