We'll take things quick and punchy today. See highlights:
• Musk's recent tweet sends crypto on a dip
• Investments this week
• Windows users raise your ✋
• Opportunity from Ghana
Digging in!
Musk's recent tweet sends crypto on a dip
On Wednesday, Elon Musk tweeted that his company, Tesla has suspended Bitcoin as a payment option due to the environmental hazards that accompany bitcoin mining. Tesla says "we're concerned about the rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel".
The repercussion: Given that Musk has been on the forefront of crypto advocacy thus year, and significantly contributing to the increased value of Bitcoin & DOGECOIN, the announcement from him was quite hard to accept.
But besides the public backlash from many of Elon Musk's followers who believe Tesla's excuse for halting Bitcoin as a payment option for its cars is lame, the tweet caused a dip in the value of Bitcoin and other altcoins, including DOGE.
More importantly, there are concerns that Tesla's move may reflect poorly on other companies who have started accepting Bitcoin as a payment option, especially considering the "environmental excuse".
What's funny: The same man who's responsible for positive growth of crypto this year, has pulled back and caused its value to dwindle in just a few hours after his tweet. What exactly is going on??? 🤔
Anyway, you can explore the tweet and responses here:
https://twitter.com/elonmusk/status/1392602041025843203?s=19
Now, let's talk about deals this week.
Investment rounds this week
As is the custom on Fridays, here's a quick rundown of the latest funding rounds announced by African startups:
1. iXperience, South Africa [Edtech: $2.5m]
2. Maviance, Cameroon [Fintech; $3m]
3. And the two Ivorian startups, Keiwa and Legafrik with undisclosed rounds from I&P
Quick snack: Windows users, raise your ✋!
Fun Fact: Do you know that Ctrl A - Z has shortcut functions when using MS Word?
Windows has a ton of powerful keyboard shortcuts you can use to be even more productive than you already are 😉
Here's a comprehensive list that you can bookmark and practice over the coming months. (7 minute read):
https://www.freecodecamp.org/news/keyboard-shortcuts-improve-productivity/
Opportunity from Ghana 🇬ðŸ‡
Meet Startup Cafe Africa, an accelerator programme based in Ghana and willing to help startups from across Africa disrupt their markets.
Deadline is May 30th. You can apply via link below:
https://startupcafeafrica.org/
That'll be all for today.
Stay tuned, Stay safe
Thank you for reading today, and have a good one.
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