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FTX’s CEO Sam Bankman-Fried speaks on crypto uses beyond investment

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The CEO of FTX, Sam Bankman-Fried (SBF) took to Twitter to respond to critics who believe that crypto does not have any use cases.

Stating that crypto has use cases beyond investments, SBF revealed that crypto’s biggest impact can be seen in three major areas of payments, market structure, and social media.

SBF Highlights Crypto’s Role In Payments

SBF detailed all of the major hassles faced by people currently using traditional payment structures today. For example, he highlighted the issue of paying a fixed transaction fee while doing small payments.

Moreover, he highlighted the hassle of cross-border payments such as multiple currencies based on nationality, lack of availability of banks and the time taken to complete such transactions. SBF highlighted that with the help of cryptocurrencies, the entire process can be done in a few seconds just by creating wallets.

Read AlsoFTX’s Founder / CEO talks about the current state of the crypto market on CNN

SBF also highlighted that blockchain can help improve our market structure. Citing the day that Gamestop and other meme stocks skyrocketed, he revealed that the real reason for shutting users off was settlement risk. Highlighting his company FTX, he revealed that blockchains can help users bypass all settlement risks.

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SBF also believed that through using underlying public blockchains, the monopoly of social media giants like Facebook and Twitter can be shattered.

Strategy For Crypto Adoption

After highlighting the most important crypto use cases, SBF outlined his vision of how mass adoption of crypto can be accelerated. According to him, the first step needs to be the improvement of technology.

As of now, most blockchains can handle anywhere from 5000 to 50,000 transactions per second. According to him, the industry needs to reach the milestone of 1 million transactions per second through technological advancements.

He also highlighted the need for crypto regulation for clarity and mass adoption. SBF praised the steps taken by the United States to help in this regard. He also challenged blockchain to prioritize building great products over monetization.

 

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Sony to adapt Ghanaian author Yaa Gyasi’s novel ‘Transcendent Kingdom’ into film

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Sony Pictures Television has announced plans to adapt Ghanaian author Yaa Gyasi’s novel “Transcendent Kingdom,” with development led by Yvonne Orji. (more…)

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NANA KWAME BEDIAKO IS GRADUALLY WINNING THE HEARTS OF GHANAIANS

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On Wednesday, 27th March 2024, the state council headed by Togbe Afede XIV received the delegation of The New Force movement on the Volta region phase of their nationwide listening tour which was welcomed with rousing hospitality by large crowds of various gatherings.                                        

Expressing immense gratitude for the warm reception he and his team had been given, the leader of The New Force emphasized that the resources of the Volta region have over the years been very severely underutilized. Highlighting this fact in his official address to the chiefs and elders, Nana Kwame Bediako stressed that the Volta region is central to job creation in the nation of Ghana, and therefore a top priority in his vision for national development and industrialization, one which by all means has to be made a reality so as to secure national industrialization and economic development goals.

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In the Zongo Community in Volta Region, on Wednesday, 27th March 2024, Nana Kwame Bediako paid a visit to the Islamic Community as part of a regional listening tour in the holy month of Ramadan in an effort to solidarise with them in the performance of their annual religious duties. At the gathering, the leader of The New Force movement highlighted the fact that all over the country, there are important Zongo populations and that each one of them is to be meaningfully considered as a pillar in the stability and development of the country.

Nana Kwame Bediako on Wednesday, 27th March 2024 made a stop at the Ho Technical University. In his address to students and stakeholders in the education sector, he underlined the fact that the current remuneration for teachers is not at all satisfactory and that it needs to be properly revised. Given the emphasis on industrialization in his vision, the leader of The New Force movement assured his audiences that on his watch priorities for education in the entire country will be set and as well a focus on skills training and skills development for the youth.

 

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On Thursday, 28th March 2024, the staff and patients of the St. Joseph Hospital in Effiduase Koforidua saw an early Easter surprise this year when they were visited by Nana Kwame Bediako, leader of The New Force movement on a stop during his 16 regional listening tour. Joined by his wife Mrs. Ruby Bediako and welcomed by scores of excited youth and other community members in white campaign T-shirts, the leader of The New Force movement celebrated the staff of the hospital. Making a donation of some toiletries, water, baby clothing and food items to the maternity ward of the hospital, the leader of The New Force was met with joy by mothers and health workers at the ward.

In a brief address after a tour of the hospital facilities together with the hospital administration officers, the leader of The New Force movement said “… the women of this country are doing so well. I was in Ho Market yesterday and saw a lot of developments by women. We are in the hospital today and again I am seeing the work of women. The future of this country will be mostly based on what women are bringing. I want to encourage all of you to keep doing what you are doing.”

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Elated by the presence of the leader of The New Force, several of the new mothers happily announced to onlookers that their babies had been held by the “future president of Ghana”.

At the lab facilities of the hospital, Nana Kwame Bediako promised to help in extending development to their grounds and hospital equipment and resources in general. On behalf of both patients and staff, Dr. Collins Osei Kissi, Medical Director of the St. Joseph Hospital, expressed gratitude for the visit and also the various kind gestures of The New Force movement.

  Video: https://youtu.be/vq0930L6CbQ?si=VeKWRTlfzbFsrWag

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Herman Suede Tells a Tale of Love & Tension in “How Dare You”

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Herman Suede kicks off his 2024 release run with a gripping tale of love and tension. Following up from his EP release “A Wonderful Time” in November 2023 focusing mainly on songs that kindle feelings of enjoyment, joy, and fun, the young artist is back to talking about romance. Herman Suede is never one to shy away from creating art around the intricate dynamics involved in the process of love and courtship. Throughout Herman’s catalogue, he has always been vocal about the ways in which attraction and love is able to leave him disoriented, act out-of-character, and even leave him over-committed to another individual. 

“How Dare You” is a unique release from Herman as it reframes love into a kind of pain and discomfort, in which he questions his love interest’s audacity for having so much control over him with her beauty. He describes the feeling of losing himself, drifting away from other things which should take priority in his life, because he is so enamored with her.

Produced by G.V Made It, an 18-year-old Ghanaian producer, “How Dare You” is an Afrobeats song, with soothing guitar riffs and licks scattered throughout. The drum patterns and instruments are reminiscent of cultural dance folk tunes, and all these factors come together to create a feeling of new-age highlife seen through the eyes of a Gen-Z artist. The beat compliments the song by giving it a jovial bounce to accentuate the joy that love brings, while Herman’s lyrics provide the tension and overwhelming nature of love that occurs internally with lovers. Herman also includes a popular Ga chant in the chorus of the song from the Homowo festival, a celebration to denote the end of hunger, which in this case, is a celebration of the end of not experiencing this kind of joy and excitement for an extended time. 

“How Dare You” will be released on the 24th of April, and will surely be a song for lovers all around the world, who share the same feelings as Herman when gazing upon their partners, love interests, or even casual flings. This release will be the first of a series of releases from the artist, so fans can expect this year to be an exciting journey with Herman Suede. 

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BLISS GVS PHARMA GHANA SUPPORTS GHANA HEALTH SERVICE, ASHANTI REGION IN THE FIGHT AGAINST MALARIA

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In a heart-warming display of solidarity and support, Bliss GVS Pharma, Ghana has stepped forward to extend a helping hand to the Ghana Health Service in the Ashanti region. Recognizing the critical need for essential medicines amidst challenging times, the pharmaceutical company has generously donated medicines worth over GHC 180,000 to aid the healthcare efforts in the region.

Amidst the backdrop of global health challenges, partnerships and collaborations have become paramount in ensuring the well-being of communities worldwide. With a deep commitment to corporate social responsibility, as spearheaded by Managing Director, Mr. Gagan Sharma, Bliss GVS Pharma has exemplified this spirit of collaboration by partnering with the Ghana Health Service to address healthcare needs in the Ashanti region of Ghana.

The donation of medicines by Bliss GVS Pharma underscores their dedication to improving access to healthcare and ensuring the availability of essential medications, particularly in underserved regions. Through this act of generosity, the company aims to contribute to the enhancement of healthcare services and the overall well-being of the community.

Pharm Bismark Amponsah, a medical representative of Bliss GVS Pharma during the donation stated, “We are deeply committed to supporting the healthcare delivery and addressing the healthcare needs of communities. Our partnership with the Ghana Health Service in the Ashanti region reflects our ongoing commitment to corporate social responsibility and our mission to make a positive impact on health in Ghana. We donated anti-malarias medicines such as LONART and GSUNATE, as well as other essential pharmaceuticals crucial for combating various diseases”.  This is the fourth year of our donations under campaign Act for Africa a Malaria free continent.

Receiving items on behalf of The Ghana Health Service, Ashanti Region, Mr. Micah Asare Bediako, Deputy Director of Administration expressed gratitude for the donation, emphasizing the significance of such support in bolstering their efforts to provide quality healthcare services to the populace. He said “The donated medicines will play a crucial role in ensuring the availability of essential treatments for various health conditions, thereby improving health outcomes and saving lives”.

This act of generosity by Bliss GVS Pharma serves as a shining example of corporate philanthropy and underscores the power of collaboration in addressing pressing healthcare challenges.  In vain of this, similar donation of medicines worth over GHC 90,000 was made at Living Water Hospital in Kumasi same day. It is through such collective efforts that meaningful change can be achieved, ultimately leading to healthier and more resilient communities.

As the world continues to navigate through unprecedented challenges, acts of kindness and solidarity like this serve as beacons of hope, illuminating the path towards a brighter and healthier future for all. Bliss GVS Pharma’s donation to the Ghana Health Service and Living Waters Hospital in the Ashanti region stands as a testament to the transformative impact that compassionate collaboration can have on the lives of individuals and communities alike.

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Why Ghanaians question the authenticity of King Promise’s alleged wedding

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The alleged wedding of King Promise has stirred widespread doubt among Ghanaians, with many questioning its authenticity. (more…)

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The Role of Recognition Programs in Enhancing Lawyer Credibility and Client Trust

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In the complex and ever-evolving world of legal services, finding a trustworthy and competent lawyer is a significant concern for clients. Recognition programs are pivotal in simplifying this decision-making process by distinguishing reputable legal professionals from the vast sea of options. These programs serve as a beacon of trust and excellence, offering clients a reliable means to assess the credibility and expertise of potential legal representatives.

The Essence of Recognition Programs in the Legal Field

Recognition programs, such as the notable Lawyers of Distinction, pinpoint and celebrate lawyers who demonstrate superior skills, ethical standards, and client satisfaction. These programs typically employ rigorous criteria and vetting processes to highlight only the most deserving lawyers. This meticulous selection process involves evaluating professional achievements, ethical behavior, peer reviews, and client feedback.

Criteria for Selection: Ensuring Quality and Integrity

The first step in the recognition process is typically verifying the candidate’s legal experience and track record. Programs often require a minimum number of years in practice to consider a lawyer’s application, aiming to include only those with a substantial background in legal practice. This helps ensure that the recognized lawyers have a deep understanding of the law and a proven ability to handle complex legal issues. Peer recognition is another crucial criterion. It involves assessments by fellow legal professionals, which adds a layer of credibility. Being endorsed by one’s peers indicates respect and acknowledgment from those who understand the demands and nuances of the legal profession.

Adherence to ethical standards is non-negotiable. Recognition programs thoroughly check each candidate’s disciplinary history to ensure there are no past ethical breaches. This scrutiny safeguards the program’s integrity and ensures that the members uphold the highest standards of legal practice. Client satisfaction plays a vital role as well. Positive testimonials and client feedback affirm that the lawyer meets and exceeds client expectations. This criterion is essential as it reflects the lawyer’s ability to deliver successful outcomes and provide excellent service.

Benefits of Being a Member of a Recognition Program

Membership in a distinguished recognition program can significantly enhance a lawyer’s professional life. Firstly, it increases their credibility. When potential clients see that a reputable program has recognized a lawyer, they are more likely to trust that lawyer with their legal matters. Increased visibility is another benefit. Recognition programs often provide members with badges, certificates, and listings in various legal directories, which help them stand out in a crowded market. This heightened exposure can lead to more client inquiries and potentially more business.

Networking opportunities abound for members of these programs. Events, seminars, and exclusive gatherings allow lawyers to connect with peers, share knowledge, and build professional relationships. Such interactions can lead to referrals and collaborative opportunities, further advancing a lawyer’s career. Access to resources is also a significant perk. Many programs propose continuing legal education, up-to-date legal information, marketing support, and more. These resources are invaluable for lawyers looking to stay competitive and continue their professional development.

Encouraging Diversity and Inclusion in the Legal Profession

Recognition programs also play a critical role in promoting diversity and inclusion within the legal profession. By consciously including lawyers from various backgrounds, these programs help to showcase the talent and capability across a broad demographic spectrum. This visibility can inspire young lawyers from underrepresented groups to pursue careers in law and strive for excellence, knowing that their achievements will be recognized and celebrated. Additionally, by highlighting diverse legal minds, these programs enrich the profession with various perspectives and approaches, which can lead to more innovative and effective legal solutions.

Fostering Public Confidence in Legal Institutions

The endorsement of lawyers by reputable recognition programs can greatly enhance public confidence in legal institutions. When clients see that lawyers are vetted and acknowledged by established programs, their trust in the legal system increases. This trust is crucial for the effective functioning of any legal system as it underpins the willingness of the public to seek legal assistance and abide by legal advice. Recognition programs, by upholding high standards and transparency in their selection process, reassure the public that the legal profession is committed to maintaining integrity and delivering justice.

Recognition programs are paramount in the legal industry. They provide a framework for evaluating and acknowledging outstanding lawyers, which helps clients make knowledgeable decisions when choosing legal representation. These programs benefit individual lawyers by enhancing their credibility and visibility and contribute positively to the legal profession by promoting high standards and ethical practices. By providing a reliable benchmark for excellence, recognition programs help ensure that the public’s legal needs are met with professionalism and integrity.

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