Tag Archives: Finance

19Oct/26

How Billionaires Turn Philanthropy Into Power

October 19, 2026EconomyAD ASTRA, Andrew Carnegie, Benjamin Franklin, Bill Gates, Brian Armstrong, Brian ArmstrongThis, Businesspeople, Coinbase, Economy of the United States, Elon Musk, Elon MuskWhether, Finance, Florence, Giorgio Vasari, Gwynne Shotwell, Henry Ford, Hyperloop, John D. Rockefeller, Katie Miller, Leonardo da Vinci, MacKenzie Scott, Max Levchin, Mykhailo Fedorov, Netflix, Palo Alto, PAYPAL, Philanthropy, Renaissance capital, Rob Reich, Robert F. Smith, Sam Bankman-Fried, SpaceX, Starlink, Steve Jobs, Steve JobsWhen, The Boring Company, the ford foundation, Ukraine, Vivek Ramaswamy, Walter Isaacson, Warren Buffett, White South African peopleadmin

Technocratic Capital vs. Traditional Charity: The Billionaire Battle Over Philanthropy

Mon Oct. 19, 2026 /Mpelembe Media/ — Prominent Silicon Valley leaders, most notably Elon Musk and Coinbase CEO Brian Armstrong, have spearheaded a systematic ideological shift away from traditional billionaire philanthropy. Armstrong and Musk argue that conventional non-profit grantmaking and large private foundations are inefficient, prone to administrative bloat, and routinely “captured by ideology,” rendering many charitable endeavors a net negative for society. Rooted in capitalist techno-determinism and Effective Accelerationism (e/acc), this perspective holds that civilizational advancement is best achieved not through non-profit redistribution, but by aggressively deploying private capital into high-risk, engineering-driven for-profit enterprises—such as electric vehicles, space exploration, and digital infrastructure. Consequently, leaders subscribing to this philosophy prioritize market innovation and founder-controlled capital allocation over legacy grantmaking models exemplified by Bill Gates or Warren Buffett. Continue reading →

20Sep/26

XRP Powers Stripe’s New Payment Standard

September 20, 2026FinanceBlockchain, Cryptocurrencies, Economy, Finance, Money, Ripple, Ripple Labs, Smart contract, Stripeadmin

Ripple Connects XRP Ledger to Stripe via Machine Payments Protocol

Sun 20 Sept 2026 /Mpelembe Media/ — The XRPL AI Starter Kit version 1.1 serves as the software framework enabling this connection by adding support for both the Machine Payments Protocol (MPP) and the Open Wallet Standard. Originally launched in June, this updated developer resource incorporates MPP—a protocol co-authored by Stripe and Tempo, a payment-focused blockchain that launched its mainnet in March. Continue reading →

02Jan/26

Financing the Future: Leveraging Capital Markets for Africa’s Energy Transition

January 2, 2026FinanceBond market, Capital, Capital market, Corporate bond, Egypt, Finance, Financial markets, Institutional investor, International Finance Corporation, Investment, limited market, Morocco, Private equity, Private sector, South Africa, Stock marketadmin

Jan. 2, 2026 /Mpelembe Media/ —The Africa Capital Markets Report 2025 by the OECD evaluates the current state and future potential of financial systems across the continent. While some nations have made progress, the region generally struggles with low liquidity, fragmented regulations, and a lack of institutional investors. These limitations create significant hurdles for funding climate transition goals and supporting sovereign debt stability. To foster growth, the report suggests enhancing corporate governance, modernizing digital infrastructure, and encouraging regional integration. Ultimately, the document serves as a strategic guide for policymakers to build more resilient debt and equity markets. Continue reading →

22Oct/24

LONDON TO HOST MAJOR ISLAMIC FINANCE SUMMIT

October 22, 2024FinanceBanks, Challenges in Islamic finance, Credit, Finance, Islamic banking, Islamic banking and finance, Islamic economics, Sharia, United Kingdomadmin

Islamic finance continues to be a significant and growing part of the global financial landscape, with a $3 trillion finance market. It offers alternatives to the mainstream UK financial structure that align with Shari’ah law, including ethical, interest-free finance. Continue reading

25Sep/24

US Interest Rate Cut: Potential Ripple Effects on the London Property Rental Market – Insights from Walter Soriano London Management

September 25, 2024EconomyFinance, London, United Kingdom, Walter, Walter Sorianoadmin

Following the recent 0.5 percentage point reduction in the US Federal Reserve’s interest rate, global financial markets are reacting. While the move primarily affects American borrowers and savers, its effects are expected to ripple into the UK, particularly within London’s property market. Walter Soriano London Management (WSLM) examines the potential impacts on property landlords and investors in London’s rental sector. Continue reading

20Jun/23

Africa is not a jungle, it’s an innovation hub

June 20, 2023InnovationAngelHub, Business incubators, Economy, Entrepreneurship, Finance, Financial technology, Fintech, Fintech awards, Ghana, Google for Startups, Kigali, LINKEDIN, Money, Nigeria, Private equity, Rwanda, Senegal, Startup company, Unicorn, United States, Varun Mittal, Venture capital, Zambiaadmin

June 20, 2023 /Business/ — Africa is the second-most populous continent in the world, with over 1.3 billion people. The continent’s economy is also growing rapidly, with an average annual growth rate of 5.5%. This means that there is a huge potential market for African startups. Africa is a continent with a lot of diversity, both in terms of its people and its economies. This can present both challenges and opportunities for businesses. However, the opportunities are significant, and there are a number of government initiatives in place to support innovation. Continue reading →

19Jun/23

US regulators continue crypto crackdown – but here’s why the latest charges are different

June 19, 2023FinanceAndrew Urquhart, Binance, Bitcoin, Blockchain, Cayman Islands, Changpeng Zhao, Coinbase, Coinbase Global Inc, Creative Commons, Cryptocurrencies, Cryptocurrency bubble, Cryptocurrency exchange, Economy, Finance, Gary Gensler, Howey, Initial coin offering, Money, Ripple, Ripple Labs, Shutterstock Global, United Kingdom, United Statesadmin

Andrew Urquhart, University of Reading

The US Securities and Exchange Commission (SEC) sued the cryptocurrency platform Coinbase shortly after launching a lawsuit against the world’s largest cryptocurrency exchange, Binance.

This isn’t the first time Binance and Coinbase have caught the SEC’s attention – it’s not even the first time this year. But the latest charges are much more serious, including accusations that the exchanges are operating without the correct registration.

Continue reading →

06Jun/23

Flutterwave and Token.io Team Up to Provide Pay By Bank Transfer to Users in UK and EU

June 6, 2023FinanceAmsterdam, Economy, Finance, Financial technology, Mobile payments, Money, Online payments, PayMe, Paymentadmin

Flutterwave, Africa’s leading payments technology company, has collaborated with Token.io, Europe’s leading account-to-account (A2A) payment infrastructure provider, to power Pay By Bank transfer capabilities for Flutterwave’s platform. The announcement was made today at the Money20/20 Europe fintech conference in Amsterdam. Continue reading

02May/23

Does XRP really have a future? Advise to XRP hodlers

May 2, 2023FinanceAsset classes, Binance, Blockchain, Cryptocurrencies, Economy, Ethereum, Finance, London, Money, Ripple, Ripple Labs, Solana, Stablecoin, Tetheradmin

LONDON, May 2, 2023 /Finance/ — Whether or not you should hold on to XRP is a decision that only you can make. You should consider your own financial situation, risk tolerance, and investment goals before making a decision. Continue reading →

01May/23

Why is J.P. Morgan helping First Republic Bank?

May 1, 2023FinanceBank, Bank regulation in the United States, Banking, Chase Bank, China, Deposit insurance, Federal Deposit Insurance Corporation, Finance, Financial services, First Republic Bank, Goldman Sachs, Government intervention during the subprime mortgage crisis, House of Morgan, J.P. Morgan & Co., JPMorgan Chase, Morgan Stanley, New York, Silicon Valley Bank, Ukraine, United Statesadmin

New York, May 1, 2023 – The U.S. banking crisis that began in March 2023 was the result of a number of factors, including:

The collapse of Silicon Valley Bank: Silicon Valley Bank was a large regional bank that specialized in lending to technology companies. The bank’s collapse in March 2023 was a major blow to the banking industry and shook confidence in the financial system.

Continue reading →