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Empowered Funds LLC Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)Emmanuel Kufre from Nigeria awarded $15,000 in BTC Nairobi, Kenya [11th December 2024] – Block, Inc, the global technology company with a focus on financial services, today announced the winners of the highly anticipated TBD Hackathon, a competition designed to foster innovation, creativity, and technological advancements in payments across Africa. The grand prize winner, Emmanuel Kufre, built Blink – a decentralized wallet application that acts as a payment processor for freelancers. The event, held in collaboration with the Africa Bitcoin Conference, challenged developers to create novel payment solutions leveraging tbDEX, TBD’s open-source money protocol. “The level of creativity and technical expertise showcased during the TBD Hackathon has been truly inspiring,” said Angie Jones, Global VP of Developer Relations at Block. “There is so much incredible talent and innovation taking place all over the continent, and the winning teams are truly representative of the future of financial solutions across Africa. They have all demonstrated a deep understanding of the challenges facing a pan-African payment system, and have developed solutions that have the potential to transform the way people transact. We look forward to seeing how these exceptional developers continue to drive innovation in payments and in technology overall.” Participants in the hackathon tackled crucial challenges, including limited access to banking, high transaction fees, and inefficient cross-border payments. Each team, made up of 1-2 developers, used the tbDEX SDK to build their payment applications within a sandbox environment. Blink consisting of Emmanuel Kufre from Nigeria took the top prize of $15,000 in BTC with their innovative solution, a decentralized payment processor that allows freelancers to accept global payments for their services. Their project impressed the judges with its focus on the $28B African gig economy market. Blink is currently in beta testing within 5 countries. Farida Bemba Nabourema, Convener of the Africa Bitcoin Conference, also stated, “The Africa Bitcoin Conference is committed to building a thriving Bitcoin ecosystem in Africa, and we are thrilled to have served as a platform for the TBD Hackathon. This event has showcased the immense talent and creativity within our community and the innovative solutions presented have the potential to address some of the most pressing challenges facing our continent, such as financial inclusion, cross-border payments, and transparency.” tbDEX Go consisting of Andrew Glago and Eloke Ikiliagwu and Igbigi consisting of Achego Tamunobelema and Fabari Agbora also delivered impressive projects. tbDEX Go connects Africa with a local payment solution for travelers and tourists, while Igbigi impressed with its payment application that enables users to instantly make app-to-bank and app-to-app money transfers while preserving privacy. Both teams received $10,000 and $5,000 in BTC, respectively. Judges of the hackathon included Aaron Suplizio, Tech Partnerships, TBD; Adewale Abati, Staff Developer Advocate, TBD; Angie Jones, Head of Developer Relations, TBD; Ari Coleman, Product Manager, TBD; Chris Maurice, CEO, Yellow Card; Ebony Louis, Developer Advocate, TBD; Kirah Sapong, Senior Software Engineer, Square; Rizèl Scarlett, Staff Developer Advocate, TBD; Tania Chakraborty, Senior Technical Community Manager, TBD; Tony Tom, Head of Product, TBD; and Will Wilkinson, Head of Policy, TBD. Through this hackathon and initiative, Block reaffirms its commitment to open-source technologies and the developer community. Although the TBD business has now been wound down, its decentralized identity work lives on with the Decentralized Identity Foundation. To find out more or contribute to Block’s ongoing open source efforts, visit Block’s Open Source GitHub organization. –– ENDS –– About Block Block, Inc. (NYSE: SQ) (formerly, Square, Inc.) is a global technology company with a focus on financial services. Made up of Square, Cash App, TIDAL, and TBD, we build tools to help more people access the economy. Square makes commerce and financial services easy and accessible for sellers with its integrated ecosystem of technology solutions. With Cash App, anyone can easily send, spend, or invest their money in stocks or bitcoin. Afterpay brings Square and Cash App together, connecting consumers and businesses. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. About the Africa Bitcoin Conference The Africa Bitcoin Conference (ABC) is the continent’s leading event focused on Bitcoin adoption. ABC brings together experts, enthusiasts, and innovators to explore the potential of Bitcoin in driving economic growth and development across Africa. The conference serves as a platform for networking, learning, and collaboration, fostering a vibrant community of blockchain advocates.
hile sales of electric vehicles surge in China, adoption of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations. Adding to those headwinds: an incoming new U.S. president who has disparaged government support for electric vehicles. China is the exception. Driven by government subsidies and mandates, vehicles with electric motors, including plug-in hybrids that combine electric and fossil fuel motors, topped 50% of sales in the month of July. Concerns about range, charging infrastructure and higher prices are sore points among both electric car enthusiasts and skeptics in Europe and the U.S. Solar panels power charging at Detlef Mueller-Salis’ home in Mainz, Germany, so he thought he was all set to go electric. But range concerns, charging times and confusing charging payment methods proved frustrating. So after four years, he and his wife sold their Porsche Taycan and Fiat 500 electrics and bought a BMW 5-Series and a Volkswagen Polo, both internal combustion. The smaller Fiat could run about 136 miles on a charge in summer and 112 in winter, he said, against the manufacturer’s specification of 198 miles. Constantly checking the battery before quick trips to visit grandchildren and elderly parents grew annoying. So did going on vacation with payment cards from five charging plans. The Porsche took 30 minutes to charge instead of the 22 minutes advertised, not a huge difference but “not what the company promised,” said Mueller-Salis, who is retired from a logistics company. Driving fast on the autobahn reduced range so that “you paid for it with charging time.” Both retirees in their 70s, Ken and Roxanne Honeycutt mainly drive their used Kia Soul around their town near Oakland, California. They charge the EV, with a range of about 111 miles, in their garage and don’t rely much on public infrastructure. But for longer trips they have to plan fast-charging stops ahead of time. “We wanted to try it,” Roxanne said of the EV. “Sometimes we found that the charging stations don’t always work, they’re broken down, so that gives you a little bit of anxiety if you know, OK, I need to charge.” On one cold, rainy January day, the Soul’s range dropped faster than expected, so they had to stop twice to charge. Another time, they hit multiple nonfunctioning chargers — even in California, where EV adoption leads the rest of the country. Their range dropped to 13 miles. “We’re used to having a gas station on every corner, 24 hours a day,” Roxanne said, adding they still like the vehicle. Electric cars aren’t going away. They are essential for planet-warming carbon emissions reductions governments agreed to under the 2015 Paris climate agreement. Electrified vehicle sales will reach 17 million this year, or one car in five sold globally, according to the International Energy Agency. That includes plug-in hybrids that combine electric with internal combustion motors. But about 60% of those sales are in China. In Europe, sales of electric-only cars fell 5.8% in January-September from a year earlier, while their market share fell to 13% from 14%. Pure EVs accounted for 8% of overall U.S. vehicle sales in October. So, the market is growing, but sales slowed. They’re not plunging, but they’re not yet growing fast enough to meet climate goals. Higher prices matter. A Volkswagen ID. 3 hatchback costs about $42,090, compared to the similar-sized Volkswagen Golf fuel engine version at $29,136, according to the ADAC auto association. U.S. EV prices have fallen significantly since 2022, but the average price in October for a new one, $56,902, still exceeded the average $48,623 for a new vehicle. Cost remains an issue for the more mainstream American consumers EV makers hope to target, according to a recent poll by The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago. Uncertainty over purchase subsidies also complicates price comparisons. EV sales plunged in Germany early this year after the government abruptly canceled the purchase premium of roughly $7,100 for cars up to $42,000 and about $4,700 for cars up to about $68,000. ADAC says that means most internal combustion models are a better deal over a car’s lifetime. Conservative political parties and the industry are now questioning the EU’s goal of eliminating most fuel engine vehicles by 2035, a decision that’s up for review in 2026. The European Auto Manufacturers’ Association is urging that carbon dioxide limits, which carmakers must meet by 2026 or face heavy fines, be relaxed. Some carmakers have pushed back electrification plans. Republican President-elect Donald Trump vowed to end what he called the Democratic Biden administration’s EV “mandate,” though he softened his anti-EV stance as his ties with Tesla CEO Elon Musk grew closer. Automakers are not required to sell EVs under the Environmental Protection Agency’s greenhouse gas emissions standards regulating tailpipe pollution, though they need EVs to make up at least 56% of their total sales to meet the ambitious standards for cutting emissions. Trump may also eliminate critical EV tax credits. Even if fewer buyers choose EVs, tax credits or not, auto companies show no intention of fully retreating from the transition away from gas-burning cars and trucks. China’s auto market, the world’s largest, was transformed by billions of dollars in subsidies, with EV sales reaching 25.8% of the 13.5 million vehicles sold in January-August, according to the China Passenger Car Association. The government is encouraging car buyers to go electric, and many are buying EVs or plug-in hybrids under an economic stimulus program. The phasing out of earlier subsidies in 2022 unleashed a fierce price war, toppling some weaker automakers. Some Chinese EVs sell for less than $20,000 in their home market. The government push encouraged many start-ups that took the Tesla model and ran with it. They simplified car designs to cut costs and filled interiors with gadgetry appealing to a smartphone-savvy generation. Photographer Wu Cong sat inside his $23,000 Hongqi E-QM5 as it recharged in Beijing. He travels often for work, racking up 50,000 miles in the past two years. The EV saves him about $7 in fuel costs for every 62 miles, he said, which would add up to $5,600 over two years. The sedan’s navigation system reminds him to recharge after driving a distance of his choosing. “It will tell you if there are charging stations ahead and if anyone is using them,” he said. Beijing tech worker Shang Wenting said her family hardly uses its gasoline-powered car anymore except for on long trips, preferring a sapphire Tesla Model Y that cost about $37,000. During a weekly trip to a charging station 10 minutes from her home, Shang said the Tesla is cheaper to drive and she loves its “smart features,” like an energy recovery system that means she can press on the accelerator less. “It feels like switching from an old phone to a smartphone,” she said. Get local news delivered to your inbox!
Juan Soto introduced by Mets at Citi Field after striking record $765 million, 15-year deal NEW YORK (AP) — Juan Soto put on a New York Mets jersey and cap for the first time after his record $765 million, 15-year contract was finalized and talked about what made the difference in his decision. He said at his introductory news conference on Thursday that the Mets “showed me a lot of love." Soto was introduced at Citi Field a day after his deal was finalized. Speaking in the Piazza 31 Club, Soto was flanked by Mets owner Steve Cohen, president of baseball operations David Stearns and his agent, Scott Boras. Bill Belichick 'always wanted' to give college coaching a try. Now he will at North Carolina New North Carolina football coach Bill Belichick said he had long been interested in coaching in the college ranks. But it had never worked out until now, as he takes over the Tar Heels program. Belichick led the New England Patriots to six Super Bowl titles during a 24-year run there that ended last year. Belichick's five-year deal pays him $10 million in base and supplemental salary per year. It is guaranteed only for the first three years, including for buyout purposes. There is also up to $3.5 million in annual bonuses. Wander Franco's sex abuse trial has been postponed 5 months PUERTO PLATA, Dominican Republic (AP) — The trial against Tampa Bay Rays shortstop Wander Franco, who has been charged with sexually abusing a minor, sexual and commercial exploitation against a minor, and human trafficking, has been postponed until June 2, 2025. Dominican judge Yacaira Veras postponed the hearing Thursday at the request of prosecutors because of the absence of several key witnesses in the case. Franco’s lawyers asked the court to reconsider the postponement, arguing Franco must report to spring training in mid-February. The judge replied that Franco is obligated to continue with the trial schedule and his conditional release from detainment. Rape investigation that Swedish media say focused on Kylian Mbappé has been closed STOCKHOLM (AP) — Swedish prosecutors say they have dropped a rape investigation that was launched in connection with soccer star Kylian Mbappé’s visit to Stockholm in October. In a statement, lead investigator Marina Chirakova says there is not enough evidence to continue the investigation into the allegation at a hotel. Prosecutors never publicly named the suspect in the investigation but some Swedish media reported it was Mbappé. The Real Madrid striker visited Stockholm in October during a break in the Spanish league. At the time, Mbappé’s legal team dismissed those reports as false. Travis Hunter, the 2-way standout for Colorado, is the AP college football player of the year BOULDER, Colo. (AP) — Colorado two-way standout Travis Hunter is The Associated Press college football player of the year. Hunter received 26 of the 43 votes from a panel of AP Top 25 voters. Boise State tailback Ashton Jeanty finished second with 16 votes, and Arizona State running back Cameron Skattebo received one vote. A throwback player who rarely left the field, Hunter had 92 catches for 1,152 yards and 14 touchdowns as a receiver. He had four interceptions and 11 passes defensed as a shutdown corner. Hunter helped the the 20th-ranked Buffaloes to a 9-3 record and an appearance in the Alamo Bowl against BYU. 2034 World Cup visitors will live in 'a bubble' and not see real life, Saudi rights activist says LONDON (AP) — A Saudi human rights activist says soccer fans visiting Saudi Arabia for the 2034 World Cup will live in a “bubble” that doesn't reflect real life there. Lina al-Hathloul is a London-based activist whose sister was jailed in Saudi Arabia then banned from travel after campaigning to end a ban on women driving. When FIFA confirmed the kingdom as the 2034 tournament host on Wednesday its president Gianni Infantino acknowledged “the world will be watching” for positive social change. Al-Hathloul says western people “will be very safe” at the World Cup but "will see a bubble of what Saudi Arabia is.” Team claims NASCAR rescinded approval to buy new charter unless federal antitrust suit is dropped CHARLOTTE, N.C. (AP) — A new court filing says NASCAR rejected Front Row Motorsports’ agreement to purchase a charter from Stewart-Haas Racing unless the team and 23XI Racing dropped their federal antitrust lawsuit against the stock car series. Front Row and 23XI rejected NASCAR's new revenue sharing agreement and have gone to court. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. Indian teen Gukesh Dommaraju becomes the youngest chess world champion after beating Chinese rival NEW DELHI (AP) — Indian teenager Gukesh Dommaraju has become the youngest chess world champion after beating the defending champion Ding Liren of China. Dommaraju, 18, secured 7.5 points against 6.5 of his Chinese rival in Thursday's game which was played in Singapore. He has surpassed the achievement of Russia’s Garry Kasparov who won the title at the age of 22. Dommaraju is now also the second Indian to win the title after five-time world chess champion Viswanathan Anand. The Indian teen prodigy has long been considered a rising star in the chess world after he became a chess grandmaster at 12. He had entered the match as the youngest-ever challenger to the world crown after winning the Candidates tournament earlier this year. Hojlund scores twice for Man United to beat Viktoria Plzen 2-1 in Europa League, Tottenham held 1-1 Rasmus Hojlund scored twice after coming off the bench and Manchester United rallied to beat Viktoria Plzen 2-1 in the Europa League. The Denmark striker netted in the 88th minute after collecting Bruno Fernandes’ pass off a free kick to seal the victory. Hojlund came on in the 56th and scored an equalizer six minutes later. Totenham was held 1-1 at Rangers and Lazio tops the standings after a 3-1 win at Ajax. In the Conference League a youthful Chelsea lineup made the most of a long trip to Kazakhstan by beating Astana 3-1 to stay perfect in the third-tier competition. NFL world reacts with excitement, surprise, questions after Bill Belichick is hired to coach UNC Bill Belichick is already the most decorated coach in NFL history. His next challenge is college football after he agreed to a five-year deal to coach at North Carolina. The reaction around the NFL ranged from excitement at seeing him back on the sideline to disbelief. Some of his former players believe his skill set will work at any level. Others caution that the players he brings into UNC should prepare to have their limits tested.After playoff chances slip away, Miami and Iowa State looking to regroup at Pop-Tarts Bowl
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