Many crypto traders in Africa who frequently use FTX platforms have been shocked and unable to withdraw their funds after an unexpected collapse. FTX’s collapse hits Africa hard The cryptocurrency exchange FTX filed for bankruptcy earlier this month, and its CEO, Sam Bankman-Fried, decided to step down from his position. Once valued at $32 billion, FTX, the platform is now valued at nothing with mountains of debts. According to TechCrunch, over 100,000 Africans used FTX to convert their local currencies to dollars and to bump up their savings. This was
Mass tech layoffs are shaking up the industry and dominating weekly news headlines. From Twitter’s mass layoffs to Meta announcing that they will cut 13% of its workforce, the industry is facing a ‘stormy winter.’ The H-1B Visa Program Mass tech layoffs have left thousands of employees worldwide in a challenging situation. Many will move on to get other jobs in the industry, whereas workers on temporary visas will not be able to do that. Workers with temporary visas have been left with little to no time to find another
Debbie Dickinson and her daughter Markea Dickinson are the dynamic duo behind the new AI-driven wristband and app, Thermaband, which uses technology to help menopausal women manage hot flashes. What is Thermaband Zone? Founded in 2019 by Debbie Dickinson and her daughter Markea Dickinson-Frasier in Miami, Florida, Thermaband aims to revolutionize women’s health, especially for those undergoing the menopause. After facing her challenges with menopause, Debbie Dickinson grew frustrated by the lack of cooling relief solutions for hot flashes. Refusing to accept thermal discomfort as a new way of life,
Black-owned finance company Novae LLC has officially launched a new digital tool to help small businesses find grants and tax incentives to help them grow at a faster rate. What is Novae Grants? The new tool launched by Novae LLC, called Novae Grants, allows thousands of users to search through a database filled with finance assistance opportunities from both the private sector and the government. According to the Novae team, the grants in the database range from $500 to $5 million. They have specifically been designed to help underrepresented Black
Microsoft has announced the expansion of its AI for Good Research Lab to Cairo and Nairobi. The expansion aims to close the climate data divide by researching and developing AI machine learning in areas in Africa worst affected by the climate crisis. Africa’s Climate Crisis Research has revealed that high climate risk correlates with income and health inequalities. The findings also coincide with the fact that two billion people in the Global South were found to be living in some of the most climate-risk areas between 2008 and 2018. Despite Africa contributing less
The training development company, CyberVista, has announced its new partnership with the not-for-profit organization BlackGirlsHack (BGH Foundation). What is BlackGirlsHack? The BGH Foundation, founded by Tennisha Martin, aims to provide Black women and girls with the resources, mentorship, and resources needed to succeed within the cyber sector. The non-profit organization’s mission is to empower Black women to break into an industry that lacks diverse representation by supplying them with the essential training resources they need. BlackGirlsHack does not only advocate for diversity within the cyber security space, but they also use
Chicago entrepreneur Arthur Burton is working to increase access to the clean energy sector by providing job training to youth in underrepresented communities. Who is Arthur Burton? After establishing his company in 2019, Arthur Burton has been committed to providing opportunities for members of disinvested communities by making training for green jobs more accessible. Before launching his clean energy initiative, Burton focused on expanding his experience within the sustainability sector. After receiving his Bachelor of Science degree in telecommunications, the entrepreneur worked at AT&T for 18 years as a technical
After launching the International Space Station on October 5, Nicole Aunapu Mann made history as the first Native American woman to travel to space. Who is Nicole Mann? Mann, 45, is an American test pilot and NASA astronaut in California. After graduating from Stanford University, she received her masters in mechanical engineering from Stanford University. She is registered with the Wailacki of the Round Valley Indian Tribes. Not only has she broken records as the first Native American woman to travel to space, but as NASA’s SpaceX Crew-5 mission commander,
In June, Solo Ceesay, a 27-year-old first-generation immigrant, spearheaded a $26 million raise for Calaxy, an open social marketplace he co-founded with NBA star Spencer Dinwiddie. At the time, only 8% of VC funding had gone to Black startups. In this thought piece, Ceesay breaks down why funding for Black founders continues to fall short, despite efforts to turn things around. In Q3 2022, Black entrepreneurs raised $187 million in venture funding, equating to merely 0.12% of the $150.9 billion that venture capitalists deployed in totality. This figure is severely
Aisha Bowe
