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The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr, part of the state-owned Ethio Telecom network, operated in that market.Kenya-based Safaricom was also the first company to break Ethio Telecom’s monopoly on Ethiopian mobile
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On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and Brazil culminated in 288 arrests, along with the confiscation of 850 kg of illegal drugs, 117 firearms, and $53.4 million in cash and cryptocurrencies. This joint venture, named “Operation Spector,”
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For decades, banks and insurance firms employed the same mostly static but highly profitable and centralized business models. Also for decades, Big Tech firms such as Facebook, Microsoft, Amazon, Apple and Google have monopolized user data for their profit. However, blockchain projects could significantly challenge Big Tech’s grip on user
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But that sort of trust in the government can’t be taken for granted, a fact that has been documented by the Edelman Trust Barometer, an annual report on a regular survey of societal indicators of trust. According to the most recent edition, 48% of people globally say that government is
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press release PRESS RELEASE. The gaming ecosystem has been at the forefront of the NFT and other blockchain innovations’ adoption. However, despite the impact of the play-to-earn gaming model in driving blockchain adoption, it has been highly criticised due to most gaming projects’ models. It is believed that blockchain games
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The operator of South Korean crypto exchange Upbit, Dunamu, is facing pushback from regulators due to a controversial investment while authorities move to issue restrictions to stifle its monopolistic position.Dunamu’s total assets are valued at over over 10 trillion KRW ($8.06 billion) and Upbit controls an overwhelming 80% of the
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With Bored Apes and CryptoPunks under the same corporate roof, the NFT market barrels toward further centralization. Original Source
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ArGoApp provides a one-stop-shop for websites and applications to deploy on a censorship-resistant blockchain with 100% uptime When it comes to freedom of speech, concerns over censorship have been gradually rising over the years, with the likes of Amazon, Google, Facebook, Apple and Alibaba tightening their grip over the technology industry
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Dear reader,We are in a difficult period. Not due to Coronavirus, but due to Google and Google’s power over us as a minor independent news organization. After the Google Core Update in May 2020, we lost 80/90% of our regular search traffic from Google. This is not something that we
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The report stated that Facebook sustains its monopoly position by identifying and acquiring its competitors.The U.S. Judiciary antitrust committee said in a report that Facebook Inc (NASDAQ: FB) and other 3 tech giants enjoy monopoly powers. The report highlighted certain recommendations, specifying that Facebook watches out for competitors to kill
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