The Network

22/04/2023

At least he looks happy

24/03/2023

The founder of Terraform Labs, Do Kwon, appears to have been arrested in Montenegro, according to a tweet by the country's minister of interior, Filip Adzic.

"Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs," Adzic tweeted.

Kwon has been the target of several investigations and was even on Interpol's red notice after stablecoin terraUSD (UST) and its $40 billion ecosystem imploded last year, sending shockwaves across the crypto markets.

04/03/2023

Ventures Platform, the pan-African VC firm championing the next generation of African technology entrepreneurs, has today announced the final close of its early-stage and intercontinental fund, at $46M. Surpassing its initial $40M target, the oversubscribed fund from one of the continent’s most prolific investors sees new participation from global investors with an array of top-tier commercial banks, corporates, DFIs, global institutional investors and HNIs, including Standard Bank, International Finance Corporation [IFC], British International Investment, A to Z Impact, Proparco with FISEA, AfricaGrow a Fund of Funds backed by BMZ [German Ministry for Economic Cooperation and Development, DEG and Allianz, managed by Allianz Global Investors], and others.

04/03/2023

EXPLOSIVE DEMAND GROWTH COULD LEAD TO SUPPLY SHORTAGES IN RAW MATERIALS

The demand for critical raw materials is about to skyrocket until 2050 – by around 500%, according to projections from the World Bank. This development is, for the most part, driven by the Green transition: electrical cars, for instance, require over six times as many minerals as conventional vehicles, the international energy agency said in a report

12/02/2023

12/02/2023

A photographer has captured a breathtaking image of a lightning bolt which has hit the Christ the Redeemer statue. The pictures has gone viral and is giving chills to the netizen globally. The bolt of flash struck the head of the statue on February 10 and turned the sculpture into a godly figure. The statue, situated in Brazil’s Rio De Janeiro, is visited by nearly two million people every year.

11/02/2023

Spotify Commissions Statues of SZA, Metro Boomin, and 21 Savage (2017)

10/02/2023

DFA is the premier open-access fibre infrastructure and connectivity provider in South Africa. They finance, build, install, manage, and maintain a world-class fibre network to transmit metro and long-haul telecommunications traffic.

https://dfafrica.co.za/

10/02/2023

ELECTRICITY DOES NOT FLOW THROUGH WIRES

Throw out what you think you know about electricity (and the more you know, the more you may be surprised by what you don’t know). It’s a fundamental part of the sector that we work in, but day-to-day, we rarely get involved with the physical aspects of generation, transmission and consumption, particularly at a fundamental level, and the detail will likely surprise you.

We are led to believe that electricity (the common term for electrical energy) flows through wires like water flows through a pipe, and that a light switch works like a tap. When the switch is turned on, electrons flow through the switch and the wire at the speed of light and through the light bulb, and this electron flow heats up the filament in the light bulb because of friction. The electrons originate at a power station and travel along high voltage transmission lines, through the power lines in the streets, and eventually into the wires in our house. The switch lets them keep moving through the wire to the light bulb. The electrons flow to the house in a positive wire, and either get used up like fuel, or return to the power station on a negative wire. The electrons get pushed along by the ones behind. Basically speaking, electrons = electricity.

That’s how it works, right? Where is the problem? No, that is not how it works. In fact, none of the above is true. None!

HERES THE REAL ANSWER
Or more correctly: Electricity flows through the space around the wires – through the air around the high voltage transmission lines, through the insulating plastic encasing the wires in your house (yes, through the plastic!), through the vacuum or gas inside the light bulb.

10/02/2023

CURRENT EXCHANGE RATES

10/02/2023

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