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Home Blog Page 4527

The Most Controversial Sports Moments

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It’s often the case that some people want to talk about great sporting moments, such as Lionel Messi recently lifting the World Cup In Qatar as the captain of Argentina. However, it’s arguably the most controversial moments in sports that steal the headlines and become the talking point, and there have been many of them over the years.

Salt Bae Tries To Steal The Show At The World Cup

As mentioned above, Lionel Messi and Argentina were successful at the recent World Cup in Qatar. Argentina was heavily fancied for success by many, and while it is not uncommon for reputable sports betting sites online to offer odds on events before or after the fact, they couldn’t have predicted what happened during the celebrations when celebrity butcher Salt Bae began mixing with the Argentinian players and staff and even got his hands on the World Cup, which is strictly prohibited.

The Soviet Union Win Gold In The Men’s Basketball Final At The 1972 Olympics

If you’re talking about sports high on the list of priorities in the US, basketball is one of them. And as a result, the US has excelled at basketball for years. From the 1936 Olympics, the US men’s basketball team had won every game and secured every gold on offer. That was, until, in the 1972 final against the Soviet Union, the US were on course for another victory, but the referee controversially added three seconds to the official clock, and in that time, the Soviet Union managed to seal the win by one point.

The Chicago Red Sox Lose To The Cincinnati Reds

Now, this isn’t mean in a disrespectful way towards the Cincinnati Reds, but in 1919 at the World Series, they were expected to lose to the Chicago Red Sox. However, this isn’t how things panned out because they actually recorded a surprise victory over the Red Sox, which immediately caused questions to be asked from some. It turned out that in exchange for cash, some Red Sox players ensured the team lost, which saw them banned for life from playing baseball at a professional level.

An NBA Referee Goes Rogue

A referee is employed in sports to ensure everything that happens is fair and to keep peace and order. So, they’re all presumed to have a high level of integrity. And, for the most part, they do. However, one referee who didn’t was Tim Donaghy in the NBA. Donaghy had broken the cardinal rule of betting on games he was officiating, which is frowned upon because he could directly influence proceedings as and when he wanted. He was investigated and charged by the FBI as a result.

Tonya Harding’s Success Comes After Nancy Kerrigan Breaks Leg

It doesn’t matter what sport you’re in; if your closest rival is taken out of the running, you’re pretty much guaranteed success. And this was the case for figure skater Tonya Harding in 1994 at the US Figure Skating Championships when her former husband and bodyguard paid for Nancy Kerrigan’s leg to be broken. Harding was successful in her quest for greatness, but it was short-lived, as the goings-on were uncovered.

Elon Musk’s Starlink Satellite Internet and the Decades in Nigeria

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Every decade, something unique happens in Nigeria. In the 1990s, it was the time for a New Banking Ordinance as new generation banks were formed at scale, from GTBank to Zenith Bank.

In the 2000s, we had the decade of voice telephony when MTN, Econet (Airtel), etc began operations.

In the 2010s, there was a massive ascension as Nigeria witnessed the mobile internet era when connectivity left the bounds of laptops and desktops, into our pockets via mobile device, agnostic of location, making every IP a point of sale.

In the 2020s, the application utility era is here – and we’re in a cambrian moment where young people are building codes baked on cloud computing infrastructure to fix frictions in markets, from financial services to logistics, and beyond. But that redesign has largely focused on big cities like Lagos, Kano and Onitsha. Until now. Yes,  it is going to change because Elon Musk, his generation’s finest innovator, is in town.  He is coming to Ovim, Pankshin, Opopo, etc  and other non-big cities in Nigeria. Yes, SpaceX Starlink is here and it will help markers, builders and innovators to not just serve the cities but the rural economy.

Join me and eminent faculty members of Tekedia Institute as we examine the implications in the next edition of Tekedia Mini-MBA which begins Feb 6, 2023.

As a dynamic business school which educates with the antennas of the market, Tekedia Mini-MBA will teach a new course on satellite broadband with a case study of SpaceX Starlink now that we have the product and the pricing model ($600 hardware, $43 monthly service).

Your business will change. Your career will change. Because satellites will unlock new vistas; join the next Tekedia Mini-MBA starting Feb 6 

Being a Mathematics Genius doesn’t Make You a Good Asset Manager

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Ex-leaders of FTX

FTX was until a few weeks ago the second largest cryptocurrency exchange company in the world. However, the empire collapsed, announcing that it was bankrupt and owed $1.45 billion to its 10 creditors.

The blame was admitted by Caroline Ellison, famous for being considered a math genius. “I’m really sorry for what I did, I knew it was wrong,” he said according to a transcript of his hearing before a judge in Manhattan.

Ellison, 28, former CEO of Alameda Research – a cryptocurrency trading company started in 2017 by her ex-partner Sam Bankman-Fried, founder and former president of FTX – acknowledged having been to blame for the bankruptcy.

The executive accepted two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodity fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.

These seven offenses could result in her being sentenced to 110 years in prison and millions of dollars in potential penalties, according to Reuters. Last November, FTX decided to file for the protection of Chapter 11 of the United States Bankruptcy Law.

According to the Colombian outlet Semana, during the time she was the head of Alameda, Caroline helped her boyfriend Sam move more than 10 billion dollars of client money to all kinds of tax havens. Caroline Ellison became so prestigious that she was even considered in the list “30 under 30” (30 under 30) of Forbes magazine.

But the scale of the scandal has been such that the New York Post has compared it to the Enron cases or Bernie Madoff’s Ponzi scheme. According to the New York outlet, Bankman-Fried was the one who promoted Ellison to direct Alameda after removing her from the Jane Street firm in 2018.

The two became a couple. The two, along with eight other young tech executives, ran the companies while living together in Bankman-Fried’s $40 million penthouse in the Bahamas. Although FTX says it owes around $1.45 billion to its top 10 creditors, the platform owes its 50 largest creditors almost $3.1 billion, according to a court filing cited by a BBC Mundo note.

Cryptocurrency manipulation; The United States Stock Exchange (SEC) charged Ellison, Gary Wang, and Zixiao Wang with manipulating the company’s internal cryptocurrency, misleading investors, and misusing FTX client assets.

The FTX firm was a hoax from the start. Bankman-Fried “orchestrated a massive, years-long fraud, diverting billions of dollars of client funds from the trading platform for his own personal gain and to help grow his cryptocurrency empire,” the SEC noted. , who filed civil charges.

As part of their deception, we allege that Caroline Ellison and Sam Bankman-Fried planned to manipulate the price of FTT, a cryptosecurity token exchange that was an integral part of FX, to prop up their house of cards, the SEC said in a statement.

After their cooperation with the US Attorney’s Office for the Southern District of New York, Ellison and Wang had to post a $250 million bail to be released. Bankman-Fried, 30, pleaded “not guilty” on Tuesday, November 3, 2022, before the New York court investigating the case.

Sam Bankman-Fried is charged with eight counts for the $8 billion he left behind in the bankrupt firm, with hundreds of thousands of clients harmed. These crimes are investor and lender fraud, money laundering conspiracy, fraud in the stock markets and even illicit campaign financing, offenses punishable by a maximum of 15 years in prison.

Although he is on probation, he was detained in the Bahamas, at the request of the United States, after being confined in a jail, and accepted his extradition. October 2 will be the tentative trial date. Bond to remain confined at his family’s home in Palo Alto was provided by his parents, Stanford University professors, and two other guarantors who requested anonymity.

Insurtech Firm Superscript Raises $54 Million in Series B Round

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U.K’s insurgency firm superscript has raised a $54 million fund in a series B Round, as it is focused on expansion plans.

The funding round was led by existing Investor BHL holdings, alongside the participation from other existing Investors, Concentric as well as the Hartford previous backers, Beazley group and seedcamp.

The company disclosed that the new round of capital is aimed at increasing its underwriting and broking capabilities, while continuing to further develop its AI-driven offerings.

Speaking on the latest fund raised, Superscript cofounder and CEO Cameron Shearer said,

“In the context of a challenging macroeconomic environment and shift in global investor appetites, this funding round represents a huge vote of confidence in what we’re building at Superscript.

“The flexibility, customisation and affordability we offer puts us in a unique position to meet the insurance requirements of small businesses during turbulent times, as they navigate economic challenges this year.

Our investors’ international presence will help support us with growth in the future, as we continue our mission to be the global leader in SME insurance.”

“Historically, many investors have mirrored the tech-investment models and focused on acquisition. More recently, now with the hindsight of more mature insurtechs and a number of IPO experiences, we’ve seen investors shifting focus towards underwriting differentiation and strength”, he added

Superscript has disclosed that what sets it apart from other insurtech companies is that it uses proprietary machine learning technology, including throughout the acquisition and onboarding process in its self-service product, which guides would-be customers toward the correct channels.

Also, big data insights are a big part of its promise, where it uses machine learning models to price its risks more accurately through crunching a range of data points.

It is interesting to know that Superscript is the first UK Insurtech firm to become a Lloyd’s of London broker, and is transforming business insurance to meet the fast-changing needs of SMEs.

Its insurance products are underwritten by Standard & Poor’s A-rated financial steroid higher. This means the underwriter has been independently assessed by the world’s leading credit rating provided and found to have a strong capacity to meet financial commitments.

In 2022, the London-based insurance firm announced its expansion to the Netherlands, in its latest development toward its goal of becoming a global leader in SME insurance.

USD Coin, Tether And Big Eyes Coin: Three Economical Crypto Investments You Should Consider

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USD Coin (USDC), Tether (USDT), and Big Eyes Coin (BIG) are three cost-effective crypto investments for 2023.

It’s no secret the crypto industry is going through a rough patch. Despite once being priced around $65,000, Bitcoin (BTC) is stuck at $16,000. Likewise, in spite of reaching a value of close to $5,000 in the past, Ethereum can’t seem to get off $1,200.

Indeed, things are looking so lackluster in the crypto economy that the concept of digital currency is questionable.

However, it’s not all doom and gloom. Even though the most reputable coins in the market have seen much better days, this doesn’t mean investors can’t have success with other cryptocurrencies.

Stablecoins are one of these alternatives and are defined by not fluctuating significantly in value. As their name suggests, they are ‘stable’ and their values are pegged to the US dollar.

And the other option is of course meme coins. Meme coins have never really reached the summit of the crypto universe. Nevertheless, they tend to have more interesting features and perks than the average coin.

Therefore, in such a dark time for the crypto space, staking your hold in the likes of USD Coin, Tether, and Big Eyes Coin could be a shining light in a very dark tunnel.

USD Coin: A Stablecoin Accepted By Renowned Companies

With a market cap of more than 44 billion, USD Coin is statistically the second most popular stablecoin in the world.

As a stablecoin, it’s not going to make you super wealthy. But it can be used to start your crypto portfolio without breaking the bank.

Besides, companies such as Pacsun, Jomashop, and Microsoft all accept USD coin which is a testament to the cryptocurrency’s reliability.

Tether: A Stablecoin Exchangeable With Various Currencies

In contrast to USD Coin, Tether has a market cap of over 66 billion making it the king (or queen) of stablecoins and one of the most popular cryptocurrencies in the world.

The beauty of Tether is that it is interchangeable with a wide range of fiat-based currencies like Great British Pounds, US Dollars, Euros, and more.

Not to mention, Tether’s transactions are extremely fast so if you’re purchasing crypto for the first time you don’t have to worry about your money vanishing into thin air.

Big Eyes Coins: Oceans, NFTs, And A Fun-Filled Community

At the time of writing, Big Eyes Coin has raised over 13 million dollars, appeared on a 3D Billboard in New York, and secured a Tier 1 CEX Launch for its official release.

And there are very good reasons for the meme coins’ quick success.

Firstly, its proposal of top ten NFTs make it an investment with profit-making potential. You only need to look at the Big Eyes Website to get a taste of the unbearable cuteness to come.

Secondly, Big Eyes Coin plans to donate 5% of its total supply to ocean-saving charities, meaning each investment will help reduce global warming.

Thirdly, Big Eyes Coin intends to host a large array of in-person community events so like-minded investors can mingle.

Furthermore, you can use the code BIGsave816 for a bonus on your purchase.

Final Thoughts

USD Coin, Tether, and Big Eyes Coin are three affordable investments every crypto geek should consider in 2023.

Stablecoins like USD Coin and Tether are guaranteed to not fluctuate. Meanwhile, Big Eyes Coin may become lucrative in the future so it’s worth investing in it now while it’s still in presale and considerably cheaper.

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL