News & Events

Crypto billionaire and FTX founder Sam Bankman-Fried criticise the crypto “proof of work” system. According to him, cryptocurrency is inefficient in verifying millions of transactions with its high energy costs and climate impact. “The bitcoin network is not a payments network and it is not a scaling network,” Bankman-Fried said.

Read the original article here: https://www.moneycontrol.com/news/world/ftx-chief-sam-bankman-fried-says-bitcoin-has-no-future-as-a-payments-network-8514361.html

Commonwealth Points of Light Award recognises the extraordinary efforts of Pakistani lawyer and activist, Tahera Hasan, for promoting the well-being of orphaned and abandoned children. Founder of Imkaan Welfare Organisation, Hasan runs a shelter in Karachi with nearly 700,000 people in it.

Read the original article here: https://www.gov.uk/government/news/pakistani-activist-receives-commonwealth-points-of-light-award

In a virtual ceremony, the Commonwealth Secretariat and the International Islamic Trade Finance Corporation (ITFC) sign a Memorandum of Understanding (MoU) to collaborate on key focus areas of development such as digital trade and e-commerce, women empowerment, SMEs development and climate change.

Read the original article here: https://itfc.africa-newsroom.com/press/commonwealth-signs-mou-with-the-international-islamic-trade-finance-corporation?lang=en