Here’s why Nigeria is no longer on JPMorgan’s emerging market sovereign list

JP Morgan, the global leader in financial services, has removed Nigeria from its emerging market sovereign list due to the Nigeria National Petroleum Corporation’s (NNPC) inability to transmit three months’ worth of oil earnings to the Federal Government. The American Bank’s emerging market sovereign advised investors to be “overweight” on Nigeria, citing Read more…

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WHY CAPTCHAS HAVE GOTTEN SO DIFFICULT

These tests are called CAPTCHA, an acronym for Completely Automated Public Turing test to tell Computers and Humans Apart, and they’ve reached this sort of inscrutability plateau before. In the early 2000s, simple images of text were enough to stump most spambots. But a decade later, after Google had bought the program from Carnegie Mellon researchers and was using it to digitize Google Books, texts had to be increasingly warped and obscured to stay ahead of improving optical character recognition programs — programs which, in a roundabout way, all those humans solving CAPTCHAs were helping to improve.

We All Need to Stop Only Seeing the Dark Side of Crypto

Popular perception in the developed world remains that crypto is at best the domain of meme-conversant Wolf of Wall Street-like figures and at worst of drug dealers. Regulators and policymakers seem to partially share that belief, as crackdowns and strict regulations are announced across the globe from China to Turkey to the US. And yet in the Global South more and more people are choosing to use a technology designed to help them keep their wealth safe from confiscation, tyranny, or arbitrary restrictions. Whatever you think of crypto, its role as a force for good in some parts of the world should not be ignored.

US leads Bitcoin mining as China ban takes effect

Miners earn money by creating new Bitcoins, but the computing power needed to do it consumes large amounts of energy.

They audit Bitcoin transactions in exchange for an opportunity to acquire the digital currency.

Global mining requires enormous computing power, which in turn uses huge amounts of electricity, and consequently contributes significantly to global emissions.

The CBECI, which is produced by the Cambridge Centre for Alternative Finance, tracks the geographic distribution of computing power used for mining Bitcoin – receiving data from a number of commercial Bitcoin mining pools.

The latest data, which covers the four months to the end of August, suggests that most Bitcoin mining (35.4%) is now US based, with Kazakhstan (18.1%) second and Russia (11%) third.

Jeff Bezos steps down as Amazon boss

Bezos steps down from Amazon on Monday – exactly 27 years after he founded it.

In that time he has developed a series of unusual leadership principles – which some argue are the backbone of his success. Others believe they speak to everything that is wrong with Big Tech.

Talk to anyone who’s ever worked at Amazon, and you don’t have to wait long before you hear the phrase “customer obsession”.