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The Ghanaian central bank said it will be hosting a 12-week hackathon where participants are expected to explore the e-cedi’s nine different use cases. At the end of the hackathon, the central bank will hold a conference where individuals with outstanding solutions are recognized. Addressing Ghana’s Financial Inclusion Challenges The Ghanaian central bank, also known as Bank of Ghana (BOG), recently announced the launch of a central bank digital currency (CBDC) hackathon. According to the bank, this event seeks to avail opportunities to fintech startups, developers and innovators to develop innovative solutions that explore various use cases of CBDC. https://t.co/bvOB6EsBoW #eCedi #hackathon #bankofghana pic.twitter.com/KOGqPwBrGT — Bank of Ghana (@thebankofghana) October 6, 2023 In a press release jointly issued with technology partner Emtech, the Ghanaian central bank said the hackathon will run for a period of 12 weeks. During this time, innovators are expected to come

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency stayed on top forever,” he stressed, adding that the only currency with the potential to displace the USD as the world’s reserve currency is the Chinese yuan. Jim Rogers on End of U.S. Dollar Hegemony Veteran investor Jim Rogers discussed a variety of topics, including the end of the U.S. dollar dominance and alternative currencies, in an interview with Nomad Capitalist, published on Oct. 1. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. While admitting that he owns a lot of U.S. dollars, Rogers stressed: I know that the era of the U.S. dollar is coming to an end. No currency stayed on top forever — no more than 100-150 years, none in history. While reiterating that he “can see the era

Economist Peter Schiff compared the attack on Israel to 9/11, calling it “the beginning of a bad situation.” He highlighted several factors that will weaken the U.S. economy, which he described as “already structurally weak.” The economist stressed: “The U.S. can’t even afford peace. It certainly can’t afford war.” Warning that Fed policies could “unleash run-a-way inflation, an implosion in the dollar, bonds, and the economy,” he cautioned: “Crisis is assured!” Peter Schiff Says ‘Crisis Is Assured’ Economist and gold bug Peter Schiff discussed a number of topics affecting the U.S. economy on social media platform X and in his podcast, live-streamed on Monday, including the potential economic ramifications of the war in the Middle East. Commenting on the attack on Israel, the economist described: “This is like September 11th for Israel.” He added: “What did America do as a result of 9/11? We didn’t just shrug it off, no. We had the ‘war on terror,’ we had all sorts of stuff that ha

Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations. Antminer Maker Bitmain Reportedly Delays Salaries and Bonuses Bitmain, a major producer of bitcoin mining devices, has halted salaries and other incentives, according to inside sources quoted by Chinese media. In a notice reportedly confirmed by employees, Bitmain said its September cash flow has not turned positive. The company was worried in particular about the orders for new mining machines, the report detailed, and decided to postpone some employee payments for September until later in October, depending on how the situation develops. By Sunday, Bitmain workers were yet to receive their salaries for last month as well as their year-end bonuses for 2022. The suspension has affected all performance