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Bluesky, Mastodon Gear Up As Alternatives to X As US Election Begins

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The Bluesky social media app logo is seen on a mobile device in this photo illustration in Warsaw, Poland on 21 April, 2023. Founder Jack Dorsey of twitter has released the Bluesky application on Android. (Photo by Jaap Arriens / Sipa USA)(Sipa via AP Images)

As the U.S. presidential election draws closer, Bluesky, a social networking startup backed by recent investments, is readying itself to position as a fact-checked, trusted alternative to Elon Musk’s X (formerly Twitter).

With mounting frustration among X users over Musk’s changes to the platform, Bluesky, along with its peers Meta’s Threads and Mastodon, is hoping to capitalize on a possible user shift. Musk’s platform, recently dominated by his visible support for the Trump campaign and alterations that relaxed content moderation, has alienated some users, and Bluesky’s leadership believes it could be the moment to attract them.

For Bluesky, the upcoming election season is seen as a defining test for its ability to manage misinformation and foster a safer, reliable online environment—one that includes a blend of traditional moderation and new approaches to social networking.

The platform, which emerged from the controversy surrounding Musk’s 2023 acquisition of Twitter, has quickly developed a user base that leans left due to a sizable influx of former Twitter users uncomfortable with Musk’s approach to political content and looser moderation. With Threads opting to distance itself from political conversations altogether by ceasing to recommend any political content, Bluesky has embraced an environment for more engaged, real-time election discussions.

This strategic choice has helped set Bluesky apart as an option for users looking for political discourse moderated with election integrity in mind. As X recently abolished its block function, another Musk move that has generated frustration among users, Bluesky, and its competitors are poised to potentially gain new members from those reconsidering their social media choices.

In a critical move earlier this year, Bluesky appointed Aaron Rodericks, a former senior leader in Twitter’s election integrity team, as its head of Trust and Safety. With experience managing election safety policies at Twitter, Rodericks brings knowledge of the tools, policies, and monitoring strategies essential to moderating election-related content.

Rodericks became a notable figure in the debate over election safety at Twitter when, during Musk’s overhaul, he faced backlash from right-wing groups for openly seeking more staff for election oversight. Following the backlash and Musk’s decision to cut Twitter’s election integrity team, Roderick found a home at Bluesky, where he has been tasked with building a team to help secure Bluesky’s environment during the election period.

Consequently, Bluesky’s Trust and Safety team, led by Roderick, recently unveiled its robust election safety plan in a series of posts on the platform. These plans detail procedures for users to report potential misinformation or disruptive election-related content. Content deemed to include misleading claims around voting processes, requirements for voter ID, or other critical election facts will be flagged for review, with an escalation process for urgent reports.

Additionally, Bluesky’s moderation team plans to implement “unconfirmed” labels on emerging election-related reports that can’t immediately be verified, such as claims about polling place conditions or incidents. Bluesky has also stated it will remove any posts that seem to promote or encourage disruption of voting processes, ensuring a higher level of security for users during this volatile period.

The platform’s decentralized framework is one of its most distinct features compared to other social media platforms. Users are able to join multiple moderation servers, each governed by its own rules, allowing individuals to tailor their feeds and interactions to their preferences. This flexibility in content control aligns with Bluesky’s message that it provides an alternative to “billionaire-driven” content moderation, which some users feel has taken over X.

Bluesky’s leadership has emphasized that anyone who disagrees with how Bluesky’s primary server is run can create their own or subscribe to a different moderation service. CEO Jay Graber highlighted the advantage of this model in a podcast interview, explaining that Bluesky’s structure encourages a participatory approach, empowering users to shape their social media experience beyond what is possible on centralized platforms like X.

In tandem with its moderation strategy, it has expanded its team to prepare for the anticipated increase in election-related traffic. While the company hasn’t disclosed exact figures, Graber has indicated that Bluesky’s staff now includes about 18 members dedicated to engineering, operations, and content moderation—a scale-up necessary to ensure timely and effective management of the surge in activity as election day nears.

Bluesky’s competitors in the alternative social media space are also preparing to position themselves as trusted alternatives to X, which has been the subject of increased criticism over its loosened moderation and political tilt under Musk’s leadership.

Meta’s Threads has taken a different approach by actively avoiding political discussions on its platform. Earlier this year, Threads announced it would no longer recommend political content to users, a decision likely aimed at minimizing divisive discourse. By sidestepping political content, Threads hopes to build a less contentious space, though this decision has also resulted in limited engagement from users seeking real-time updates on election-related news and topics.

Meanwhile, Mastodon, another open-source and decentralized alternative to X, has also been rolling out new features to improve its user experience and potentially attract users disillusioned with X. Its recent updates include notification grouping, a tool for organizing engagement alerts in a more streamlined way similar to X’s layout.

Mastodon is also launching new filters for managing notifications from unsolicited private mentions, recently created accounts, and users who are not following or followed by the user. Additionally, Mastodon’s expanded moderation tools allow users to receive notifications if a moderator’s decision affects their account’s visibility or connections across servers. These improvements aim to give users more control and transparency over their experience, which Mastodon hopes will appeal to users frustrated with the one-size-fits-all approach of X’s moderation.

With each of these platforms bringing unique features to the table, the upcoming election season could be the moment when X’s competitors gain traction by offering more nuanced and reliable content moderation solutions. In the past, Musk’s hands-off approach and mass layoffs of moderation staff have led to concerns about X’s capability to handle sensitive election information responsibly. Many observers see the choices Musk has made, from altering verification processes to eliminating the block feature, as pivotal to the general disillusionment driving users toward alternatives like Bluesky, Threads, and Mastodon.

October 2024 Funding Round: African Startups Secured Over $250 Million in Funding, Led by Moniepoint

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Fund, money cash dollar

According to a report by Africa: The Big Deal, October proved to be a record-breaking month for African start-ups, with 42 ventures securing a total of $254 million in equity, debt, and grant deals over $100,000 (excluding exits).

This impressive funding month marked the second-highest amount raised this year, following July, and was nearly 50% above the average for the past 12 months. The report highlights that this month’s funding stands out as the strongest October since 2019.

A major highlight of the funding round across the African continent, which was a landmark achievement for the African fintech sector, was Nigerian fintech Moniepoint’s $110 million Series C round led by African Development Partners (ADP) III fund, a premier fund focused on Africa. This round accounted for 43% of the month’s total funding and drew considerable attention as the continent potentially welcomed its 8th unicorn.

The fintech giant’s rise to unicorn status is not just a testament to its robust business model but also reflects the growing investor confidence in Africa’s fintech ecosystem. Despite a regional slowdown in tech funding, Moniepoint’s success story underscores the potential and resilience of African startups.

Notably, other significant rounds last month, included BasiGo’s $42 million Series A funds raising, to support the deployment of e-buses in Kenya and Rwanda, and cryptocurrency exchange Yellow Card’s $33 million Series C investment led by Blockchain capital to drive expansion.

Overall, 60% of October’s funding went to Nigerian start-ups, with the fintech sector leading the charge by also capturing 60% of total funds. However, the funding landscape highlighted a notable gender gap, with 98% of investments going to ventures with male CEOs and 97% to start-ups without a female founder.

On the M&A front, OmniRetail, a B2B eCommerce startup in Nigeria, acquired Traction Apps, a Nigerian fintech, for an undisclosed fee. Following the acquisition, the Traction PoS solution will be integrated into OmniPay, a payment solution launched by OmniRetail in 2020. This deal marked the only exit announcement of the month.

Despite October’s standout performance, overall funding in 2024 remains below last year’s pace. African start-ups have so far raised a cumulative $1.7 billion, reflecting a 32% year-over-year decline compared to the same period in 2023. By this time last year, this amount had already been reached by early June.

To date, 393 start-ups have raised at least $100,000 in 2024, with 137 securing rounds over $1 million, representing year-over-year declines of 10% and 20%, respectively.

As the year winds down, all eyes are now on November to see if this funding momentum will continue into the final months of 2024.

Nigeria Shuts Down IPPIS for Federal Tertiary Institutions

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The Office of the Accountant General of the Federation (OAGF) has confirmed the shutdown of the Integrated Personnel and Payroll Information System (IPPIS) for Federal Tertiary Institutions (FTIs), marking a significant policy reversal that addresses the friction in Nigeria’s higher education payroll management.

The move follows the federal government’s directive to pull FTIs off the IPPIS platform, which has been a longstanding source of tension between the government and the Academic Staff Union of Universities (ASUU).

The recent move to the GIFMIS platform for payroll processing is designed to create a more flexible payroll system that could potentially ease tensions with academic unions. November salaries for FTIs are set to be processed through GIFMIS, with institutions required to submit payroll data in Excel format for verification and validation.

Addressing these changes, Bawa Mokwa, Director of Press and Public Relations at the OAGF, noted, “It was only natural for the IPPIS platform for FTIs to be shut down, given the federal government’s directive to remove these institutions from the system.”

Additionally, amid speculations that financial institutions might require salary account updates, the OAGF clarified that no such directive has been issued.  He noted that any change in salary accounts is a personal decision by the individual worker and that the IPPIS office has not mandated any such changes’ reassuring employees that payroll systems remain stable and that any changes are voluntary.

In urging financial institutions to maintain smooth operations, the OAGF highlighted its confidence in the regulatory agencies overseeing banks to ensure robust management of accounts holding workers’ salaries. Employees seeking to change salary accounts have been advised to follow official channels to avoid payroll disruptions.

The Story Background

The IPPIS system, designed to streamline payroll across federal agencies, initially sparked a heated standoff between ASUU and the administration of former President Muhammadu Buhari.

Introduced under the OAGF in 2007, the IPPIS aimed to centralize payroll, eliminate ghost workers, ensure tax compliance, and cut down on potential fraud. The policy’s objectives were straightforward, but its extension to universities in 2019 led to a significant backlash. The ASUU saw the move as a violation of university autonomy and feared that IPPIS could compromise their institutional independence, especially in personnel management.

However, this concern was met with resistance from the government, which enforced a strict mandate: any university employee not enrolled in IPPIS would not receive a salary.

ASUU’s stance escalated into a full-blown crisis in Nigeria’s tertiary education system. In protest, ASUU embarked on a series of protracted strikes, demanding the removal of universities from IPPIS to protect what they saw as their right to operate independently. Over time, these strikes disrupted academic calendars, forcing many students to delay their studies and, in some cases, pushing entire cohorts behind in their education timelines. For the students caught in the middle, the standoff proved a profound setback, with many left frustrated and anxious over their future prospects.

The federal government’s refusal to back down under Buhari intensified the crisis. ASUU’s demands, which included both salary restructuring and the exclusion of universities from the IPPIS platform, were met with firm resistance. The administration argued that IPPIS was crucial to curbing payroll fraud and enforcing financial accountability across the federal payroll system, insisting that no exceptions could be made.

Today, as the government shifts FTIs away from IPPIS and onto the Government Integrated Financial Management Information System (GIFMIS), many regret the approach of the past administration, seeing it as a costly misstep that severely affected students, who were caught in the crossfire of the power struggle between ASUU and the government. For students, these disruptions were more than just interruptions to learning—they led to extended programs, increased financial burden, and hindered future opportunities.

The public’s sentiment reflects disappointment over the lost time and missed opportunities, especially for students who spent a considerable portion of their academic careers enduring repeated strikes. In retrospect, many education stakeholders, students, and parents now question whether a more flexible stance could have prevented the educational setbacks experienced during that period.

Understand Basic Business Law at Tekedia Mini-MBA

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The transduction conversion process of turning ideas into products and services, and mobilizing factors of production, within the pillars of people, processes and tools,  must follow protocols and ordinances of states, encapsulated in laws and regulations.  In business, most times, the most important course is understanding the political economy because nations are formed by laws, and laws define the market systems.

Yes, the absence of evidence is not the evidence of absence; basic understanding of business law matters because ignorance of law is not an excuse.

Join us today at Tekedia Institute Mini-MBA as we look at Business Law. Our Faculty is Barrister Kenneth Nwimo.

Pick your seat for the next edition of Tekedia Mini-MBA https://school.tekedia.com/course/mmba16/

 

Rexas Finance (RXS) Crowned Top Altcoin Below $1 for the 2025 Bull Run, Will it Touch $5 Before Ripple (XRP) and Tron (TRX)?

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Rexas Finance (RXS) is a smart real-world asset (RWA) token that is quickly rising to the attention of the crypto world, technology-wise as well as the successful presale. Now that it is climbing the ranks and crowned the top altcoin below $1, many investors and analysts are asking: Can Rexas Finance (RXS) touch the $5 level before Ripple and Tron? The answer increasingly seems to be yes.

Rexas Finance (RXS): Crowned Top Altcoin Below $1 for the 2025 Bull Run

Rexas Finance (RXS) marks a basic change in how individuals engage with actual assets, not just another cryptocurrency. With only a click, RXS lets anybody, anywhere buy or sell either whole or fractional ownership of real-world assets. This distributed strategy creates countless possibilities and provides enterprises and people with unheard-of access to worldwide assets. Whether it’s real estate, fine art, or even agricultural land, Rexas Finance’s innovative approach makes ownership more easily available, clear, and liquid than ever.

Rexas Finance’s (RXS) exceptional presale performance is among the most convincing indicators of its promise. Just finishing its stage 4 presale, the token sold far faster than expected, following the pattern established in the three prior stages. With about 110 million tokens sold at varying rates across each phase, the presale has so raised over $5.45 million thus far. Tokens are offered for $0.07, a great chance for smart investors to enter before the token climbs further. Stage 5 is already in progress. Furthermore, Rexas Finance (RXS) has gained a listing on CoinMarketCap and CoinGecko, therefore supporting its price momentum and providing the necessary exposure.

Will Rexas Finance (RXS) Touch $5 Before XRP and TRX?

Many people wonder whether Rexas Finance (RXS) can reach $5 before two of the most well-known cryptocurrencies on the market, Tron (TRX) and Ripple (XRP), as it is rising at a phenomenal speed. The probability seems to be in Rexas Finance’s favour depending on present tendencies and market conditions. Recently, XRP has encountered major challenges mostly related to its continuous legal conflict with the SEC. Although XRP has remained relevant, this legal uncertainty has slowed down the price increase of this coin. Analysers project XRP might only hit $1 by 2026—a far cry from the $5 mark. Another altcoin rival, Tron (TRX), has also had trouble keeping notable upward momentum.

Although it has a good environment, it has been sluggish to reach the promised price increases for investors. Market forecasts show that TRX may only reach $1 by 2028, so this confirms the case that Rexas Finance (RXS) could surpass both of these behemoths. Rexas Finance (RXS) on the other hand is seeing a groundswell of support. Its innovative technology and clear vision as well as presale success are raising expectations. Well ahead of both XRP and TRX, top market analysts estimate Rexas Finance (RXS) to reach $5 early on in mid-2025. For several important reasons, Rexas Finance (RXS) is fast acquiring popularity. Its emphasis on Real-World Asset Tokenisation (RWA), which lets token holders access physical assets in a distributed and highly liquid way, leads the front stage in this climb. Its visibility has been improved by recent listings on CoinMarketCap and CoinGecko; future releases on three of the top 10 Tier-1 exchanges should increase trading volume and price even more. With each presale stage selling out faster than expected, Rexas Finance has also deliberately scheduled its presale to create momentum at a period when other cryptocurrencies are floundering.

Conclusion: Rexas Finance (RXS) on Track for Explosive Growth

Rexas Finance (RXS) has become rapidly the top altcoin under $1 for the bull run in 2025. Its special value offer, along with its outstanding presale performance and solid market view, help it to be in a perfect position to maybe hit $5 before TRX and XRP. Rexas Finance (RXS) is sprinting forward as XRP battles legal hurdles and TRX suffers from price stagnation; this is the altcoin to keep an eye on as the next bull run gets ready. Now is the moment for individuals wishing to profit from the approaching crypto market boom to think about including Rexas Finance (RXS) in their portfolio before its price skyrockets.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

HalloweenGiveaway: https://x.com/rexasfinance/status/1851983620765852009