Finance
Financial Inclusion in Africa with Vipaso & Horizon – ITNA Digital Innovation Podcast EP 2
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Crypto Scams on the Rise in SA: Here’s How to Protect Yourself
Image sourced from Shutterstock. The world seems to have gone ‘crypto-mad’. Digital currencies like bitcoin, Monero, Ethereum, and even Dogecoin, are all over the internet. Their soaring value promises big wins for investors (if you’re “buying the dip”, that is). And the ‘fortunes’ to be made by mining for virtual money have echoes of gold rushes that formed the first mining towns in South Africa back in the 1800s. Or at least, that’s what many, including a long list of scammers, will have you believe. In reality, if you’re interested in cryptocurrency today, you’re quite possibly at a major risk for fraud. In many respects, in this new unregulated world, bad actors often have the upper hand. In 2021, South African-based Africrypt was reportedly hacked, effectively wiping out a staggering ...
After Deezer Failed to Go Public Years Ago, Now Timing Is Everything
Since 2020, nine music-related companies — including the first- and third-largest record labels — have gone public to take advantage of renewed investor interest in a once-struggling industry. Add French music streaming service Deezer to the list. According to a report on Wednesday at The Wall Street Journal, Deezer, which first attempted an initial public offering in late 2015, is planning to go public with a European special purpose acquisition corporation, I2PO, backed by Groupe Artémis, a holding company behind fashion brand Puma and French investment banker Matthieu Pigasse, a partner at Paris-based Centerview Partners. Deezer had no comment to Billboard on the news. Representatives for I2PO did not respond to a request for comment. Deezer — led since last year by CEO Jeronimo Folguei...
Virtual Avatar Company Genies Raises $150M at $1B Valuation
Genies, a Los Angeles-based avatar startup with close ties to the music industry, raised $150 million in Series C funding led by Silver Lake and existing investors Bond, NEA and Tamarack Global, the company announced today. The deal values Genies at over $1 billion. The six-year-old company has partnerships with Universal Music Group and Warner Music Group as their official avatar and digital goods NFT provider, and has partnered with artists including Cardi B, Justin Bieber, Rihanna, Shawn Mendes, J Balvin and Migos. Genies creates virtual identities for artists to use across the metaverse and releases digital wearables – such as a J Balvin space suit and a Mendes digital hoodie — for fans to collect and wear in the metaverse. Last year, Genies widened its ambition by launching a marketpl...
Finding the Business Case for Blockchain
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Paysend Partners with Afrimoney to Enable Transfers to West Africa
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Grayscale CEO pleads Bitcoin spot ETF as SEC backs third BTC Futures ETF
Institutional investors rejoice, there is one more way to gain exposure to Bitcoin (BTC). The United States Securities and Exchange Commission (SEC) announced overnight the approval of a fourth Bitcoin futures exchange-traded fund (ETF). Fund group Teucrium is behind the most recently approved Bitcoin Futures ETF. The ETF joins a growing number of approved futures ETFs, complementing ProShares, Valkyrie, and VanEck Bitcoin Futures ETFs. The SEC filing for the Teucrium ETF. Source: SEC.gov Every Bitcoin spot ETF has been rejected to date, however, for one invested observer, the way in which the approval was made could be a boon for expectant spot investors. The plot thickens on the path to $GBTC’s spot #Bitcoin #ETF conversion… — Sonnenshein (@Sonnenshein) April 7, 2022 In a Tweet thread, G...
Meta Rumoured to be Working on New Virtual Currency: ‘Zuck Bucks’
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Talking E-Commerce in Africa with Telkom’s Kenneth Kayser: ITNA Digital Innovation Podcast EP 1
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What Factors Influence Cryptocurrency Prices?
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SOCAN Collections Rebound 6% to $325M
The Society of Composers, Authors and Music Publishers of Canada (SOCAN) saw collections rebound 6.4% to 416 million Canadian dollars ($325.5 million) from the prior year’s total of 391 million Canadian dollars ($305.9 million), despite the pandemic’s lingering economic impact in 2021. The SOCAN revenue collection total breaks out to $310 million Canadian ($242.55 million) in domestic receipts and 105 million Canadian dollars ($82.94 million) from foreign receipts. Domestically, that represents a 6.5% increase from 2020’s 291 million Canadian dollars ($227.64 million), while it’s a 6% increase over the 100 million Canadian dollars ($78.2 million) the society took in from foreign territories that year. “Given the challenges of the pandemic, at the end of 2020 we prepared for a financially a...
