Category Archive : Benin

Explained | Why countries like the Central African Republic are adopting cryptocurrencies as legal tender

A transition towards cryptocurrencies by the Central African Republic and El Salvador is spurred by the urge to circumvent inflationary pressures and move away from colonial currency mechanisms. However, prerequisites such as internet and financial digital literacy make a case for inclusivity cumbersome

A transition towards cryptocurrencies by the Central African Republic and El Salvador is spurred by the urge to circumvent inflationary pressures and move away from colonial currency mechanisms. However, prerequisites such as internet and financial digital literacy make a case for inclusivity cumbersome

The story so far: On April 27, the Central African Republic (CAR) became the second country after El Salvador to adopt Bitcoin as legal tender. President Faustin-Archange Touadera said the measure would enable “strong and inclusive growth” and place the African country on the “map of the most courageous and visionary countries in the world”. Having a population of 5 million, CAR is among the poorest and most economically fragile countries on the globe. As per World Bank estimates provided in July 2021, 71% of its population was living below the international poverty…


ConsenSys Mesh Welcomes Radio Caca to Tachyon with Filecoin Launchpad Accelerator Program – CryptoMode

Radio Caca, the creator behind United States of Mars (USM), one of the biggest Metaverses on the BNB Chain, announced today that it had been accepted into the Tachyon Accelerator program by ConsenSys Mesh. Ethereum co-founder Joseph Lubin founded ConsenSys Mesh in 2015. Through the partnership, Tachyon will help Radio Caca enter into the next phase of investment & growth via access to its network of experts, advisors & other Web 3.0 co-founders.

Founded in May 2021, Radio Caca is a Web 3.0 infrastructure solutions provider whose product line currently consists of the United States of Mars (3D Metaverse), Metamon, and two NFT marketplaces. One is a decentralized exchange (DEX) called Radio Caca NFT Markets, the other is a Profile Picture (PFP) platform called, and another is a 100% centralized NFT marketplace in the USM. Radio Caca has a strong and growing community with more than 604,000 Twitter followers, 500,000 Telegram members across global communities, and over 67,000 Discord members.

“We are excited to be one part of the Tachyon 2022 cohort. Together with the global network of experts and advisors, the experience in building pillars for the core…


Watch Takeoff and Rich the Kid enjoy life in ‘Crypto’ – GRUNGECAKE

There’s a whole lot of money in this motherfucker.

Takeoff, one-third of the Migos, recently linked up with fellow rapper Rich the Kid for their new track called ‘Crypto’. From the streets of New York City after visiting Eliantte to the comfortable seats of a private jet, the men give us a glimpse of what it’s like to be in their shoes on the DJ Durel-produced record.

The music video for the catchy track, directed by Rich Porter, is below.

Her unprejudiced love for people, the arts, and business have taken her this far. Join Richardine on her journey as she writes history into existence, one article at a time. Richardine is a member of the Recording Academy/GRAMMYs, and a GRAMMY U Mentor. She is the Press Agent for SMADE/AFRO NATION FOUNDER; Director of Content for Duke Concept; Follow her on Instagram and Twitter.

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The UAE Wants to Become the Cryptocurrency Capital of the World. Here’s How Art Dubai Is Trying to Help

Despite the grim state of world affairs, with a worsening war between Russia and Ukraine dominating headlines and attention spans, the ambiance at Art Dubai’s 15th edition (until March 13) was enthusiastic and hopeful.

One could hear an array of languages being spoken in the aisles of the fair’s sleekly devised setup, which took place this year at Art Dubai’s longtime home in Madinat Jumeirah. Visitors from around the Arab world, South Asia, China, the US, Iran, Africa, Europe, and Israel—whose citizens are now welcome in the UAE following the signing of the Abraham Accords in September 2020—came out to play, network, and buy art.

There was also plenty of Russian to be heard, which is unsurprising, as the UAE is home to 40,000 Russians, many of them bankers and financiers from Moscow who rushed to exit and escape to the Gulf. The UAE, in particular, is a seeming safe haven as the US, UK and EU toughen sanctions on Russia. (The UAE abstained on a UN Security Council vote condemning the Russian invasion of Ukraine.)

Installation view of Rele Gallery at Art Dubai, 2022. (Photo: Cedric Ribeiro/Getty Images for Art Dubai.)

A Fair for Non-Western Art 



What Are They & Why Are They Important? –

In 2020, it became clear that few things in the art world—and the world at large—could remain as they once were. After that whirlwind year, 2021 brought with it dramatic shifts of its own. Some of the most significant ones were felt in institutions. Some museums in the U.S. and Europe weathered controversies that heralded permanent changes in the way they function; others diversified their leadership and made steps forward. Meanwhile, after Covid-related long delays, long-awaited museums in Europe and Asia finally arrived, and established themselves as major institutions on the international playing field.

Artists were key in pushing various discourses forward, shaping the way certain pressing issues are discussed around the world and even paving the way for the rise of a new medium. Meanwhile, within the market, prominent figures helped bring back events like fairs, marquee auctions, and more, which had been sorely missed by some last year.

Below, a look back at the defining art events of 2021.


Djimon Hounsou and LÁOLÚ Launch First Joint African Artist NFT – Black Girl Nerds

Two-time Academy Award-nominated actor and humanitarian Djimon Hounsou from Benin, West Africa, has formed a collaboration with acclaimed, Brooklyn-based performance and visual artist Láolú Senbanjo from Nigeria to create the digital artist series “TIME TO HEAL”. This series consists of five unique portraits featuring Djimon Hounsou as a canvas onto which LÁOLÚ applied his famous body art known as the “Sacred Art of the Orí”.

The exclusive artwork series “TIME TO HEAL” will be sold in a premium auction on the Binance NFT Marketplace between November  10 and 15, 2021.  A percentage of proceeds will be given to the  Djimon Hounsou Foundation, a nonprofit that aims to reconnect the African Diaspora with the motherland and fight modern-day slavery & human trafficking. This is the most recent collaboration for Binance Charity’s NFT For Good Campaign, which enables creators to convert their art and creativity into meaningful global action targeting social and humanitarian issues.   

Binance NFT has selected “Time To Heal” as a meaningful event in the contemporary art space. The series follows the success…


Cryptocurrency frauds cost £146m so far in 2021, says Action Fraud report – Businessamlive

A recent report by Action Fraud, a United Kingdom (UK) fraud reporting charity centre for frauds and cyber-crimes, estimates that over £146 million have been lost to crypto fraud since the beginning of the year.

The report also  stated that the figure is almost 30 percent or more than the amount that was lost for the whole of 2020.


Craig Mullish, the temporary detective chief inspector from the City of London Police, said: “Reports of cryptocurrency fraud have increased significantly over the past few years, which is unsurprising given everyone is spending more time online. Being online more means criminals have a greater opportunity to approach unsuspecting victims with fraudulent investment opportunities.


“We would encourage anyone thinking about making an investment to do their research first and to stop and think before making an investment as it could protect you and your money,” he said.


Furthermore, from the report, Action Fraud stated that it has received 7,118 reports of cryptocurrency fraud since the start of 2021, with an average loss per victim of just over £20,500. Also, 18 to 25 year olds accounted for the highest percentage of reports at 11…


Cambridge University to return Benin bronze to Nigeria in historic moment

Hannah Ryan, CNN

Cambridge University is due to return a Nigerian artifact looted during a British raid to its country of origin, in a historic first.

Nigeria’s National Commission for Museums and Monuments will receive a Benin bronze cockerel from Cambridge’s Jesus College later this month — in a move the university called the “first institutional return of its kind.”

The Benin bronze was given to Jesus College by a father of a student in 1905, after it was first acquired in a 1897 expedition by British forces into the historic kingdom of Benin — now part of modern-day Nigeria — which resulted in the looting of thousands of bronzes from the region.

Following calls from the student body, the Benin bronze was removed from public display in 2016. Jesus College later established the Legacy of Slavery Working Party [LWSP] — comprised of students and academics — to further explore the history of the bronze, its links to the slave trade, and the morality of owning it.

In November 2019, the college announced it would be returning the bronze to Nigeria after calling it a “royal ancestral heirloom” and stating that it “belongs with the…


Why Benin has been named the fastest place in the world to start a business online

The coronavirus pandemic had a devastating effect on many economies but at the same time, it made many governments outline measures to contain the virus and minimize bureaucratic hurdles for businesses. Also, due to lockdown measures, many government services migrated online, including small businesses.

According to a U.N. agency, Benin became one of the countries that capitalized on the pandemic to reduce bureaucratic hurdles by offering improved government services via online business registration.

The U.N. Conference on Trade and Development said the tiny West African nation is the world’s fastest place to start a business, thanks to the pandemic. The country created platform for people to create and formally start a business.

The platform was launched by the country’s Investment and Export Promotion Agency, which did not want people to come into their offices during the pandemic.

When applicants log onto, they fill in the required information, download the required document and make a payment online. Once the applicant completes the registration process, the documents arrive at the agency’s…


Bitcoin rises above $32,000 after Elon Musk reveals personal crypto holdings

Bitcoin, the world’s biggest cryptocurrency, rose above $32,000 after Elon Musk, chief executive officer of Tesla, revealed details of his crypto holdings.

The price of Bitcoin climbed to $32,355 on Friday morning – up by 1.3 percent over the past 24 hours, according to CoinDesk data.

The third-richest person in the world spoke on Wednesday at the ‘₿ Word Conference’ alongside Jack Dorsey, the CEO of Twitter and Cathie Wood, the CEO of Ark Invest.

He said apart from…

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