Cardano’s Impact in Ethiopia Through Blockchain and Education Initiatives

Charles Hoskinson and Input Output (IO) are spearheading a blockchain initiative in Ethiopia aimed at enhancing the agriculture sector and financial economy. The Ethiopian government is collaborating on a self-sovereign identification system using Atala PRISM, with a focus on training recent graduates in Haskell to improve produce traceability. This initiative is part of a broader vision to transform Ethiopia’s financial landscape, leveraging the country’s youthful population and educational infrastructure.

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UBS Enhances ESG Product Descriptions to Avoid Greenwashing Accusations

UBS is enhancing the precision of its ESG product descriptions to mitigate investor scrutiny and avoid accusations of greenwashing. Legal recommendations include renaming “debt-for-nature swaps” to “Country Debt Conversion With Associated Sustainable Development Goal Funding” for clarity. The bank is also adapting to new EU regulations, emphasizing the need for detailed explanations of sustainability impacts.

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Crypto News Roundup: Bitcoin Reserves Drop, Ethereum Profits Soar

The crypto ecosystem experiences a record drop in Bitcoin reserves on exchanges, signaling a shift towards decentralized finance. Binance establishes its first board of directors amid regulatory challenges, sparking discussions about transparency and independence. Ripple challenges stablecoin giants with a new US dollar-backed stablecoin, while Tether makes a massive investment in Bitcoin and diversifies into cutting-edge technologies. Solana takes measures against fraudulent memecoins, and Ethereum sets new profit records despite scalability challenges. PayPal innovates cross-border money transfers with its stablecoin, PYUSD, via the Xoom service, positioning itself as a leader in the fusion of traditional finance and blockchain technology.

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Binance Forms New Board of Directors After Regulatory Settlement

Binance Holdings has established a new seven-person board of directors, chaired by Gabriel Abed. This move follows the resignation of former CEO Changpeng Zhao and a $4.3 billion settlement with U.S. authorities, requiring the formation of a board with independent members and compliance and audit committees. The company’s operations and personnel have been largely decentralized, and it now operates out of the UAE and France for its Middle East, North Africa, and European businesses.

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