Telegram quits on its cryptocurrency focused subsidiary TON

Telegram

After years of drama with the SEC, Telegram is calling it quits on its crypto-focused subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” wrote Pavel Durov, founder and CEO, in an announcement on his channel. “You may see – or may have already seen – sites using my name or the Telegram brand or the ‘TON’ abbreviation to promote their projects. Don’t trust them with your money or data.” TON was a blockchain platform designed to offer decentralized cryptocurrency to anyone with a smartphone, in a…

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New gadgets were designed to fight COVID-19 Pandemic

The Virustatic Shield has an antiviral coating.

COVID-19 may be having a devastating impact on our industries, social lives and personal grooming standards, but it is also prompting an outpouring of creativity in other arenas. From Spiderman-esque wrist-mounted disinfectant sprays, to a wristband that buzzes whenever you’re about to touch your face, a wealth of new prototypes are demonstrating what human ingenuity is capable of in the face of adversity. Here are just some of the newest coronavirus inventions. Hands-free door openers Several varieties of hygiene-friendly door-hook are in the pipeline – intended to help us navigate…

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DCA Digital Academy announces the COVID-19 Universities eHealth Innovation Essay Writing Competition

DCA Digital Academy announces the COVID-19 Universities eHealth Innovation Essay Writing Competition

Almost overnight, remote work has become the new norm, the mainstream. Companies, schools and other institutions around the world are encouraging their staff, students to work from home to prioritize the health and safety of their workforce and communities, from the effects that have resulted from the COVID-19 global pandemic. To help navigate the challenges of studying remotely and be beneficial to the whole global conversation on health and wellness, the DotConnectAfrica (DCA) Digital Academy has announced an essay writing competition for university students to participate and use the special…

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Google Launched first Developers Space in Lagos

Google Developers space

Google launched its first Google Developers Space in Lagos, Nigeria last month. Previously referred to as the Google Launchpad Space, the Google Developers Space is a hub for African developers, entrepreneurs and startups. Google CEO Sundar Pichai, made a commitment to African entrepreneurs In July 2017,  to start the Launchpad Accelerator Africa program and launch a space to house these efforts in Nigeria. Google launched the Google Developers Space in Lagos to provide that home, and a space where entrepreneurs, developers, VCs and investors can connect and collaborate with each other.…

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African Startups in the credit scoring space

Ecommerce startups

African startups with solutions in the credit scoring and financing space will have the chance to secure a testing phase for their technologies with French utility company ENGIE at Africa Tech Summit Kigali in February. Taking place for the third time on February 4-6, Africa Tech Summit Kigali brings together tech leaders, MNOs, banks, investors, entrepreneurs, governments, trade bodies and media to drive investment and collaboration in the African tech space. For the second year, Disrupt Africa has reprised its partnership with Africa Tech Summit Kigali to host the two-day Africa Startup Summit,…

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Mali based insurtech startup OKO Finance helps rural farmers access crop insurance

Mali based insurtech startup OKO Finance helps rural farmers access crop insurance innovation

Malian insurtech startup OKO Finance has helped many rural farmers to access crop insurance for the first time ever. Founded in 2017, OKO develops affordable mobile-based crop insurance products to provide smallholder farmers with the financial security they need, regardless of unstable climate trends. CEO Simon Schwall, spoke to ITBusinessDirect about their plans and activites, here is the conversation What is the story behind OKO Finance? Before starting OKO I worked for a very successful micro-insurance provider called BIMA. I was their local CEO in Papua New Guinea and Fiji…

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UTU Technologies raised $500k bridge funding

UTU Technologies innovation

UTU Technologies, a Kenyan Block chain & AI startup building on the Aeternity block chain, has raised $500, 000 bridge funding. UTU Technologies was among the companies that graduated from the Aeternity Ventures StarFleet Accelerator program that saw the company initial funding. According to Jason Eisen, CEO, UTU, the total funding raised now is $1.3 million. UTU Technologies is the company behind the ride-hailing app, Maramoja. The app uses a Trust Engine to recommend ‘a social favorite driver’ or rides as opposed to existing apps like Uber and Taxify. Speaking to…

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Innovation that will help with the provision of clean water

DPA

Kenya’s quest to fulfill the need for clean water mainly in rural areas could be finally met after five university students invented a solar-powered water desalinator. The group calling itself, The Greatest of All Time (Goat), which comprises students from Kenyatta University, University of Nairobi and Strathmore University was unveiled at this year’s IBM Digital-Nation Africa: Smart Water Challenge. Goat’s innovation also uses Internet of Things (IoT) sensors to prevent water pipes from bursting by keeping the piping system fully functional. The team which won a paid internships with IBM…

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Startup food delivery Yumi Foods fed another $8M

Yumi foods

Babies have options these days when it comes to what goes in their mouths. No more is it just the standard mush in a jar. Now they have got everything from pouches to organic purees delivered right to their parents’ door and Yumi Foods is one of several startups cashing in. The company has just announced that it raised another $8 million from several of Silicon Valley’s household names, including Allbirds, Warby Parker etc. But it’s a tough and saturated market full of products all vying for mom and dad’s attention, and that’s not…

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Brex Building its Brand using Podcasts and Billboards

Brex

Corporate card and financial product startup Brex is best known as an enabling platform for businesses, with a focus on startups. The three-year-old company, which is reportedly valued at $2.6 billion, initially spread the word about its offerings through word-of-mouth referrals. But that’s quickly changing. As it grows its customer base, Brex is taking a mass market approach to marketing reminiscent of direct-to-consumer startups like SoFi, TransferWise and N26. Since April, it’s been running a biweekly a podcast called Brex in the Black. It’s opened a lounge co-working space for customers in the Bay Area, and last year, it reportedly spent $300,000 on a…

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