Senegalese-Born Musician Akon To Launch Akoin Cryptocurrency

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The American-based Senegalese artist says the cryptocurrency will be the currency of choice in Akon Crypto City, a 2,000-hectare development which is under construction in an area just outside Dakar, Senegal’s capital city. The rapper describes the development as the real-life Wakanda. He also believes the technology has benefits for those on African soil, disadvantaged by political and social circumstances. Unfortunately, Akon didn’t reveal any technical details of the cryptocurrency. CANNES — Senegal-born star Akon — whose Lighting Africa project is bringing solar power to Africa — is at Cannes…

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Facebook bans all crypto-currency ads

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Facebook has said it will block any advertising promoting crypto-currency products and services. The company said it was open to emerging technologies but many companies were not acting in “good faith” when extolling the virtues buying into virtual currencies. Recently, a wave of new currencies have emerged, seeking to piggyback Bitcoin’s huge increase in value. Facebook urged users to report any ads the company’s security measures missed. It admitted it would not always catch every ad for a crypto-currency. “We want people to continue to discover and learn about new…

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Cryptocurrency boom prompts graphics card rationing

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Booming interest in crypto-currencies has been blamed for pushing up the prices of graphics cards. The cards are popular because they speed up the process of minting or “mining” crypto-coins. Keen miners are buying graphics cards in large quantities and running them in parallel to boost their coin-producing efforts. Their actions have led some makers and sellers of graphics cards to limit how many people can buy at any time. Writing on PC Gamer, Jarred Walton said: “Right now is the worst time in the history of graphics cards to…

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Can Blockchain Technology improve digital piracy in Africa?

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The digital content market has rapidly become less regional for piracy not to be prevented, even in parts of Africa where the distribution in such format is maturing. Globally there’s been a shift from traditional media and content industries to new digital media technologies. This has changed the distribution and consumption of creative content with the emergence of new digital platforms like Netflix and iROKOtv. “In Africa, there is a demand for US and European content, and when distribution rights don’t keep up with demands, it fuels piracy,” says G-J…

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