Author: Akin Naphtal

Blockchain focused Fintech the Mindex Group has announced the launch of Mindex Digital Custodian Limited, which the company claims is the first Virtual Assets Services Provider (VASP) licensed by the Financial Services Commission (FSC) in Mauritius. Mindex plans to offer a digital custodian, exchange, as well as clearing and settlement facilities under three separate licensed group entities. The Mindex Digital Custodian Limited is the first step and enables the Group to provide the infrastructure for the safekeeping and administration of virtual assets of any kind, including security tokens and cryptocurrencies, and instruments enabling control over virtual assets. A digital custodian…

In Prospect for business, the Nigeria’s Vice President, Professor Yemi Osinbajo spotted in his official visit during the week in Hanoi, met with Vietnamese entrepreneurs in agribusiness, technology, innovation, commerce and industry. In his second day of visit to Vietnam, the vice president asserted that for foreign investors and businesses looking at Africa, Nigeria is the choice in the continent. According to Professor Osinbajo, despite global tensions and COVID-induced disruptions negatively impacting economies across the world, Nigeria remains one of the best places to do business in Africa because of its market viability, creative and tech-savvy youth population and potential…

As 2022 wraps up, the impacts of the pandemic and supply chain issues are still being felt, but the outlook for the chip shortage looks better in the coming years. According to report, the pandemic has slowed semiconductor production and contributed to the subsequent chip shortage.  From consumer goods to auto-making, a lack of semiconductors has stymied production and held back innovation. However, legislative developments this year such as the 2022 CHIPS and Science Act (also known as the CHIPS Act) have begun to alleviate that shortage and pave the way for greater innovation and emerging technologies here in the…

The United States and European Union agreed recently to intensify talks to resolve EU concerns over major subsidies for American companies contained in a US clean energy law. Although no deal was reached at a meeting of the bilateral Trade and Technology Council, the two sides pledged to continue work on preliminary progress and said they would push for a solution that benefits both US and European firms, workers and consumers as well as the climate. “We acknowledge the EU’s concerns and underline our commitment to address them constructively,” the two sides said in a joint statement after the meeting…

The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals. Not long after several Wall Street banks collapsed in 2008, a nine-page document circulated on an obscure mailing list, proposing a new kind of financial system that wouldn’t rely on any “trusted third party.” READ ALSO: Partech Secures £103m Fourth Seed Fund, Eyes UK Startups Google Launches its First London Research Centre for Disability Support Tech Google Launches its First London Research Centre for Disability Support Tech The paper was the basis for what…

Telstra and Ericsson today announced the first commercial network deployment of Ericsson’s industry-leading packet fronthaul technology in Telstra’s network The new solution delivers greater efficiency and flexibility, helping prepare Telstra’s network for future Radio Access Network (RAN) virtualisation. The field deployment is the first of its kind utilising the new Ericsson Router 6673 fronthaul gateway. The Ericsson Router 6673 enables fronthaul (radio to baseband interface) packetisation for all available Frequency Division Duplex (FDD) radios at a Telstra mobile site from the legacy Common Public Radio Interface (CPRI) standard to the newer Evolved CPRI (eCPRI) standard. This is achieved using unique…

European parliamentarians have reached agreement on updated consumer credit rules to protect citizens from new forms on online debt, such as buy now, pay later schemes and short-term high cost loans. The update to the Consumer Credit Directive will ensure improved assessment of the consumers’ ability to repay and make sure that the cost is limited, through measures such as caps on interest rate, the annual percentage rate of charge or the total cost of the credit. An additional provision mandates that credit advertising should always contain a clear and prominent warning that “borrowing money costs money”. READ ALSO: Huawei…

The Digital Economy Magazine, a leading voice on technology development, has named Sreeram Visvanathan, General Manager, of IBM UK & Ireland as Digital Economy Personality of the week for the month of Dec 4th-10th, 2022 ranking. Digital Economy personality of the week, is a weekly recognition of top leading CEOS, based on their impact in the industry, innovation, professional experience, exemplary leadership, achievements, amongst other criteria. Sreeram Visvanathan is a passionate and enthusiastic Leader per excellence. He is responsible for leading the business day to day activities with intent on driving revenue and growing it, delivery superior and suitable service,…

Aviatrix, the pioneer of Intelligent Cloud Networking™, has announced it is collaborating with Equinix, the world’s digital infrastructure company™, to deliver Aviatrix Edge software across 25+ of Equinix’s global International Business Exchange™ (IBX®) data centers. The combined solution, which leverages Equinix’s Network Edge and Equinix Fabric™, delivers the highest performance encrypted connection to the cloud and provides the multicloud visibility and control enterprises require. “We are all in on cloud for the agility and speed, but native cloud networking was a challenge we needed to overcome. It was like we went from a full box of crayons on-prem to a…

The Diplomat author Mercy Kuo regularly engages subject-matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This conversation with Winston Ma – adjunct professor at NYU School of Law; former managing director and head of North America office at China Investment Corporation; and author of newly published “Blockchain and Web3: Building the Cryptocurrency, Privacy, and Security Foundations of the Metaverse” (Wiley 2022) – is the 346th in “The Trans-Pacific View Insight Series.” Describe China’s role in blockchain, Web3, and the metaverse. China’s government has actively promoted the digital technology of blockchain…