Cardano’s Charles Hoskinson Signs Memorandum With Burundi Government, Agreement Questioned

http://motleybloggers.com/wp-content/uploads/2021/10/cardanos-charles-hoskinson-signs-memorandum-with-burundi-government-agreement-questioned.jpg

Cardano founder Charles Hoskinson recently confirmed he had signed a memorandum of understanding (MOU) with the government of Burundi. This MOU agreement is Hoskinson’s first major preliminary agreement he has secured since kickstarting Cardano’s African tour in mid-October, 2021.

Meetings With Burundi and Zanzibar Leaders

Before traveling to Burundi, Hokisnson had visited Zanzibar where he held meetings with Hussein Ali Mwinyi, the island nation’s president. However, it is Hoskinson’s Burundi visit that has helped Cardano to achieve its latest major agreement with an African state after it signed another deal with the Ethiopian government back in April 2021.

To break the news about his interactions with the Burundi government as well as Cardano’s latest achievement, Hoskinson went on Twitter and shared some key moments of his Burundi tour. In his last tweet, he said: “Yes, we signed a great MOU today.”

In an earlier tweet, Hoskinson — who has since changed his Twitter profile picture to one that features himself and the Burundi President, Évariste Ndayishimiye — talks about his meeting with the Burundi leader. He said:

Great meeting with his excellency President Évariste Ndayishimiye about the future of Burundi’s digital transformation.

Agreement with Burundi Government Questioned

While many supporters of Cardano have applauded Hoskinson for his efforts, some opponents of the president of Burundi have, however, expressed reservations about the agreement. For instance, one Reddit user named Diatery questioned Cardano’s decision to hand over the blockchain to what he termed the wrong people. The user asked:

We know that Cardano wants to help reform Africa, so I looked deeper into what who Hoskinson is talking to. It didn’t take long to see that he’s handing tech to the wrong people. What kind of government is actually in power in Burundi, and who are these people that he’s creating a partnership with exactly?

To substantiate these reservations about President Évariste Ndayishimiye’s government, the user shares several supporting links including a U.S. government report on Burundi. However, other Reddit users argued that Hoskinson has no other option except to work with government officials. The user wrote:

“You can’t create public infrastructure without cooperation with public officials. If they are human rights violators, they are trash, but if the crypto game plays out as we all wish for, those autocrats sealing their own demise by catalysing adoption.”

What do you think of Cardano’s MOU agreement with Burundi? Tell us what you think in the comments section below.

Origina post from
http://motleybloggers.com/cardanos-charles-hoskinson-signs-memorandum-with-burundi-government-agreement-questioned/

Comments

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions

After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on informal platforms have also led to increased reports of users losing money to con artists. Moreover, with the CBN seemingly eager to see volumes of crypto trades plummet, Nigerian users had to find ingenious but legal ways of getting around the central bank’s imposed restrictions. As shown in one local report , one such legal way is through an app created by one local crypto start-up, Patricia. According to the report, this application is already enabling Nigerian users to buy or sell their crypto assets securely and without running afoul of CBN regulations. Therefore, in this report, we relis

A Jacobin Podcast Review: Critiques on Crypto and Sterlin’s Response

https://motleybloggers.com/wp-content/uploads/2022/01/a-jacobin-podcast-review-critiques-on-crypto-and-sterlins-response.jpg The following opinion editorial is a Jacobin Podcast review written by the author Sterlin Lujan , the chief risk officer with Cryptospace. The Jacobin Podcast episode called: “ Dig: Cryptocurrency w/ Edward Ongweso Jr & Jacob Silverman, ” touches upon “cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape.” Cryptocurrency isn’t fringe technology anymore. Over the last decade, it has become embedded into finance, culture, and even our social life. It’s drastically changing the way we think about money, economics, and human action. However, some people, primarily on the left, are skeptical of cryptocurrency. Many of them hate it, regardless of how much of a godsend it has been for many. My friend, thought leader, author, and psychedelic visionary, Daniel Pinchbeck, pointed out a

Bitcoin, Ethereum Technical Analysis: ETH Back Under $2,000 as Balenciaga Gains Lose Steam

https://motleybloggers.com/wp-content/uploads/2022/05/bitcoin-ethereum-technical-analysis-eth-back-under-2000-as-balenciaga-gains-lose-steam.jpg Following strong gains to start the week, BTC once again fell under $30,000, as crypto prices moved lower on Tuesday. The downturn follows up from yesterday’s rally, which came as Balenciaga announced it would be accepting crypto payments. ETH also dropped, falling under $2,000 today. Bitcoin Bitcoin fell under $30,000 on Tuesday, as bears returned to action following a green start to the week. Following a high of $30,547.50 during Monday’s session, BTC /USD fell to an intraday low of $28,975.56 earlier today. Today’s drop saw BTC fall by over 5% in the day, as bullish sentiment following the Balenciaga crypto announcement faded. BTC /USD – Daily Chart Since then, bears have now pushed prices closer to support at $28,800, which is an area where BTC has resided over the past few weeks. Looking at the chart, the 14-day Relative Strength Ind

motleybloggers

Search This Blog