The next story is one that shook and is still shaking the market, it has to do with Elon Musk and Twitter,
Now Musk Is Pausing Twitter Buy Until Platform Proves Less Than 5 Of Users Are Spambots
Twitter is currently in the midst of an existential crisis with spambots holding up Twitter's deal with this announcement.
Here is the tee!
Elon Musk doubled down on his previous tweets basically saying that if Twitter CEO Parag Agrawal is unable to back up claims that the number of spam and/or fake accounts is around the 5% the company says, Musk’s deal to acquire Twitter will not move forward.
Musk's action then begs the question: Does Elon Musk really even want to buy Twitter? Because it’s been one drama to the other

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Now, One of the promises made by web3 entrepreneurs is putting data back in the hands of owners through decentralization and Singapore-based CyberConnect one of the handful of blockchain startups working to fulfil this vision has closed a Series A financing round totalling $15 million.
This is a step in the right direction.
CyberConnect CEO and cofounder Wilson Wei say in web2, that companies with the largest social network own users’ social graphs and build walls around them to stem competition and advance corporate interests.

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The Indian central bank has rejected the application of Chaitanya India Fin Credit seeking permission to become a bank.
This is a major setback to Flipkart billionaire Sachin Bansal, who has been looking to take his newer venture, Navi, public.
Their reason for this rejection is that they were not found suitable for running full-fledged banks in the world’s second-most populated market.
The Reserve Bank of India actually rejected three other applications including Bansal’s Chaitanya making it four.
Bansal says Navi will analyze the central bank’s decision and evaluate options. Bansal says they will ask the RBI the reason behind this decision adding that the decision was not the end of the road for the startup.
Yes, I agree with them, this setback is definitely not the end of the road.

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One Of the big shots in the tech space, Google held its annual developer conference where it revealed an expanded line of new products and services.
The tech giant announced 3 new smartphones and its first in-house smartwatch as well as plans to release a new tablet next year.
Google also announced updates to several of its most popular tools including Maps, Google Translate and its core search product and that it’s getting back to releasing tablets which will be released in 2023. We are looking forward to that!

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Safaricom is making waves, I mean it is the largest telecommunications provider in Kenya and now it Plans to Launch Commercial Operations in Ethiopia. The branch in Ethiopia is planning to bring mobile financial services to Ethiopia.
Safaricom CEO Peter Ndegwa says they have made the first test call, sent the first test SMS and completed the first test data session.
Safaricom increased its service revenue by 12.3% to KES 281.11 billion $2.42 billion and profit by 13.5% to KES 109.13 billion $940 million.

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The African payments company has announced an investment from LeapFrog Investments and Tana Africa Capital.
However, it has not confirmed the amount it received from the firms but says the precise terms of the transaction have not been disclosed.
In case you don’t know, Interswitch is an Africa-focused integrated digital payments and commerce company which facilitates the electronic exchange of money and the funding will aid in its expansion across the continent and the provision of digital payment services.

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Topship, a Lagos-based logistics startup helping African businesses export and import goods worldwide, has closed a $2.5m seed round to improve its technology and fuel growth.
The round was led by Y Combinator, Flexport (the world’s leading digital freight forwarding company) among others
The CEO says they are experimenting and arriving at different iterations of their solution.
He also added that they are building Flexport for Africa and following the shipping giant’s blueprint with direction in product and business model since then has mirrored that of the logistic giant.

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Some of the biggest names in bitcoin including Jack Dorsey, Tom Lee, and Michael Saylor have banded together to refute claims made by House Democrats calling on the Environmental Protection Agency to investigate the environmental effects of crypto mining.
Rep. Jared Huffman along with nearly two dozen House legislators, wrote to the EPA last week asking that the regulatory body ensure mining companies are in compliance with the Clean Air Act and Clean Water Act, citing serious concerns regarding reports that cryptocurrency facilities across the country are polluting communities and are having an outsized contribution to greenhouse gas emissions.
A mix of bitcoin miners and industry experts make the case that House Democrats got a lot wrong in their messaging about the fundamentals of proof-of-work mining.

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Warren Buffett bought the dip in his No. 1 stock Apple during the tech giant’s sell-off in the first quarter.
Berkshire Hathaway’s chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter.
Apple is the conglomerate’s single largest stock holding with a value of $159.1 billion at the end of March, taking up about 40% of its equity portfolio.

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The US Securities and Exchange Commission announced that it will close to double its cryptocurrency enforcement division, adding another 20 positions to the Crypto Assets and Cyber Unit which has been newly renamed from the Cyber Unit.
The SEC cited a booming period for crypto markets and a corresponding responsibility to keep investors safe from the growing risk of fraudulent investment schemes.
Gurbir S. Grewal, director of the SEC’s Division of Enforcement says Crypto markets have exploded in recent years, with retail investors bearing the brunt of abuses in this space.
Grewal says the bolstered Crypto Assets and Cyber Unit will be at the forefront of protecting investors and ensuring fair and orderly markets in the face of these critical challenges.

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