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El Salvador, the first country to adopt Bitcoin as legal tender, has mined nearly 474 Bitcoins worth approximately $29 million using geothermal energy from the Tecapa volcano, according to Nasdaq. Harnessing Volcanic Power for Bitcoin Mining Since September 2021, El Salvador has been leveraging the geothermal power of the Tecapa volcano to fuel its Bitcoin mining operations.  This initiative, a collaboration with prominent mining firms like Foundry USA, Antpool, ViaBTC, F2Pool, and Binance Pool, taps into the 102 megawatts generated by the state-owned geothermal power plant.  Of this, 1.5 megawatts are

Latino Business Action Network recently launched a Startup Accelerator program to empower Latinx tech entrepreneurs through mentorship, networking and educational resources. Latinos are the most prolific creators of new companies in the U.S., with over 5 million Latino-owned businesses currently operating, according to a recent Latino Business Action Network (LBAN) report.  Despite this impressive number, Latino entrepreneurs face significant barriers to accessing venture capital. Aimed At Tech Entrepreneurs The accelerator program, supported by JPMorgan Chase, will focus on 40 Latino majority-owned, venture-backed tech companies specializing in fields such as AI, Agtech, health tech, fintech, and biotech. 

Viola Davis, journalist Joy Reid, and radio host Charlamagne Tha God are among the partners that have teamed up with The Grio founder David A. Wilson and tech leader Brandon John-Freso to launch ALTR. ATLR pronounced ‘alter’, is a personal development app tailored to the Black community.  A Collaborative Vision for Empowerment ATLR aims to provide short-form audiobooks by Black luminaries and authors. It is currently open for early access sign-ups and is scheduled for an official launch in late 2024. The development of ALTR is in collaboration with JuVee Productions, founded by Davis

Break Through Tech AI, the largest program of its kind in the U.S., aims to support college students from underrepresented backgrounds into top tech careers. Specifically, the program helps underrepresented groups, including lower-income, Latina and Black women and nonbinary students, gain the skills they need to get jobs in data science, machine learning, and artificial intelligence. Expanding Access to Elite Tech Opportunities Hosted and supported by institutions such as MIT, UCLA, and Cornell Tech, Break Through Tech AI is free and focuses on students from public institutions and historically Black colleges. 

Seven organizations focused on diversity in tech have announced the formation of the Diversity Data Alliance to address funding disparities faced by underrepresented groups.  The alliance comprises All Raise, Diversity VC, BLCK VC, StartOut, 2Gether-International, Vets in Tech, and Somos VC. Standardizing Data for a Unified Approach The Diversity Data Alliance has agreed upon a set of standardized demographic data points to be collected across each member organization.  This initiative, which began in the spring of 2023 and saw its implementation in 2024, focuses on capturing demographic information, such as race, gender identity, sexual orientation, educational attainment,

NBA legend Charles Barkley has pledged a $1 million donation to St. Mary’s Academy, where two high school students, Calcea Johnson and Ne’Kiya Johnson, claimed to have solved a mathematical mystery. The duo’s work, unveiled at the American Mathematical Society’s Annual Southeastern Conference, presented a new proof of Pythagoras’ theorem that many mathematicians thought impossible. Jackson and Johnson have submitted their discoveries for final peer review and publication. NBA Legend Charles Barkley’s Donation After learning about their achievement during a segment on CBS’ “60 Minutes” featuring St. Mary’s Academy, Barkley was deeply moved

Irving L. Peddrew III, the first African American admitted to Virginia Tech, has passed away at the age of 88. Breaking Barriers in Education In 1954, Irving Peddrew made history as the first Black student admitted to Virginia Tech, a historically white, four-year public institution in the former states of the Confederacy.  Despite the milestone, Peddrew faced a level of adversity, including being forced to live and eat off campus due to segregation.  He found a home with a Black couple, Janie and William Hoge, who supported him during his

Rachael Twumasi-Corson, the founder of Afrocenchix, is stepping into a new role as the Managing Director of LIHA BeautyLIHA Beauty.  This move comes after her successful tenure at Afrocenchix, where she played an instrumental role in securing $1.2 million in seed funding for the natural haircare e-commerce business. A Vision For African Beauty Twumasi-Corson’s decision to join LIHA Beauty wasn’t part of her initial plan after exiting Afrocenchix.  However, the opportunity to collaborate with LIHA’s founders, Abi Oyepitan and Liha Okunniwa—two women she holds in high esteem—was too good to pass up. 

A report from The Alliance for Entrepreneurial Equity has found a troubling decline in venture capital and other forms of funding for Black-owned businesses. While the number of Black-owned businesses are growing, they  are severely underrepresented compared to their population making up only 2.5% of all businesses. In recent years, Black-owned businesses have faced challenges in securing funding, a trend that blocks their growth and reflects issues within the American financial landscape.  The Alliance for Entrepreneurial Equity’s latest report, a collaboration between the National Urban League and Third Way, illuminates

Eight TikTok creators have filed a lawsuit against the US government over their new law that would force the sale or ban of the video app, owned by Chinese ByteDanceLTD. The Potential TikTok Ban So Far Joe Biden recently signed into law a bill that requires TikTok’s Chinese owner to sell the social media app’s US operations or face a ban, after the Senate passed the legislation. The bill gives TikTok’s Beijing-based parent, ByteDance, 270 days to sell the app’s US operations and if not, it will then face a

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