Technology
Can the Blockchain Really Bypass Government Policies?

One of the importance of the blockchain is Decentralization, but how do blockchain stakeholders boycott real-life politics in the actualization of their goals?
For instance, the United States’ sanction on countries like Iran is causing many US-based companies to re-evaluate their release of goods and services to the Iranian market. These companies are forced to weigh their options carefully before picking a side, and so far, the many occurrences in this field have been detrimental to the financial inclusion of Iran into the cryptocurrency space.
The four recent ones are
- Gitcoin, a crypto crowdfunding platform, put paid to a rally to help Farsi-students learn Ethereum coding, fearing US sanctions.
- BitGo, a crypto wallet startup getting penalized in 2020 for interacting with users in US-sanctioned countries. Actually, BitGo had a little fault in this issue, as the problem arose from its clients receiving payment from sanctioned countries. The Office of Foreign Assets Control (OFAC) explained that the US sanctions prohibit that.
- Binance, a global crypto exchange, has also been known to deactivate accounts from the Middle East region; especially Iran and Cuba.
- ConsenSys Academy, a blockchain startup focusing on Ethereum-centric knowledge, also came under the limelight in 2021 for banning about 50 Iranian students from its smart-contract learning platform. While it was against the company’s policy, they had to issue the exit claiming a review was done on their platform and individuals who are located in countries prohibited by the US law were removed.
Following ConsenSys ban of Iranian students, GItcoin remained more or less one of the only hopes for Iranians to get into the crypto space with a certificate, and when the campaign started to help Farsi-speaking students in March, it seemed like a dream come true.
On Gitcoin, the news came as a shock to all when its COO announced in December that it was marking all donations as inactive. The fundraiser was shifted to a European platform which is based in Barcelona, Spain. Giveth, the new platform for the fundraiser event has seen donations of up to $8,000 for volunteers that have roots in Iran.
Despite this, everyone still seems shocked that real-life politics still has a say in matters of decentralization and borderless policies. One of the shocked individuals was Sahar Rahbari, a course creator for Farsi-speaking people. In an interview with Coindesk, he expressed his displeasure at the policy and lamented why Iranians are always at the receiving end.
Another course contributor, this time from ConsenSys, explained that though the US companies’ fear is unwarranted, it is understandable. The rules concerning foreign sanctions remain unclear, and to avoid legal troubles, many US companies are outrightly keeping Persians as far away as possible.
While it would have been better to have more explicit details of how Gitcoin got to know about the grant and its probable breach of US laws, all we have been able to gather from the US quarters is that this is not in any way a discriminatory effort, as the representative spoken to explained that there are other Farsi-speaking communities on Gitcoin’s program, and none other have been flagged down.
The process of the Gitcoin grant is simple. Any grant called is first raised by its community into a specified Ethereum wallet with all transactions recorded on the Eth block explorer. The Gitcoin algorithm matches every Ethereum spent with the DAI stablecoin
The grant proposal for the Farsi-speaking people became inactive less than 12 hours after it was first drafted due to some suspicion from the Gitcoin team that the grant might have trespassed US laws. As a precautionary measure, the difficult decision had to be taken.
When asked about this report, the Gitcoin team explained that they received a call on December 7th about a new grant listed on their platform. The journalist, who called, preferring to remain anonymous, explained the US sanctions to Iran to the team and told them they might have just crossed a red line.
Because the terms of the sanctions were not clearly stated, the team was put in limbo. After contacting legal counsel, the team unanimously chose to shut down the campaign before it disrupts the entire network.
The Gitcoin team emphasized the need to make the funding process more decentralized and assured everyone they would make that happen, but pending the time that materializes, they have to err on the side of caution and follow US laws since they are a US-based company.
A previous occurrence
While many might want to berate Gitcoin for their choice, it is better to zoom out and look at the whole picture. Several months ago, the United States government jailed a citizen because he went to give a speech about blockchain technology and Web 3.0 in North Korea.
The man, Ethereum developer Virgil Griffith is the recipient of one of the scariest crime cases in the blockchain era.
His case shook the Ethereum community as no one expected the US government to be that strict. Even people that travelled with him without giving any speech now fear for their lives and safety. Gitcoin’s co-founder cited this case and asked everyone involved in Web 3.0 to move carefully, and lose some battles in order to win the war. According to him, it would not be really responsible to put their donors under the risk of OFAC.
While this news does not come good for the cryptocurrency market, the market is still optimistic about ETH2’s merger with the Ethereum mainnet. Stakers can earn passively through https://redot.com/eth2/
Technology
Applications Open for 2025 Google AI-Focused Startups Accelerator in Africa

By Modupe Gbadeyanka
Entries for the 2025 Google for Startups Accelerator Africa program have opened, with some benefits attached to selected participants, including a dedicated technical mentorship from Google and industry experts.
In addition, beneficiaries will receive $350,000 in Google Cloud credits, access to a global network of investors, partners, and collaborators, and workshops focused on technology, product strategy, people leadership, and AI implementation.
The accelerator is open to Seed to Series A startups based in Africa that are building AI-first solutions and entries can be submitted via https://startup.google.com/programs/accelerator/africa. Startups must have a live product, at least one founder of African descent, and a clear vision for responsible AI innovation.
The three-month initiative is designed to support early-stage startups using artificial intelligence to address Africa’s most pressing challenges.
Across the continent, startups are demonstrating how local innovation can solve deeply rooted problems. In West Africa, Crop2Cash – an agritech platform and alumni of the program – is using AI to digitally onboard smallholder farmers, build their financial identities, and provide them with access to credit, traceable payments, and productivity tools.
Through these efforts, Crop2Cash is improving agricultural outcomes and unlocking economic opportunity for farmers who have long been excluded from formal systems—illustrating the kind of impact that’s possible when African startups receive the support they need to scale.
AI’s potential to accelerate Africa’s development is real, and Google is investing in ensuring that African startups lead that charge. According to McKinsey, AI could add $1.3 trillion to Africa’s economy by 2030, but only if bold innovation is supported at the grassroots.
“Startups are Africa’s problem solvers. With the right resources, they can scale their impact far beyond local communities.
“This program reflects our belief that AI can be transformative when shaped by those who understand the context deeply,” the Head of Startup Ecosystem for Africa at Google, Mr Folarin Aiyegbusi, said.
Since 2018, the program has supported 140 startups from 17 African countries. These alumni have raised more than $300 million in funding and created over 3,000 jobs. Many are now regional and global leaders in their categories.
Technology
Data Depletion, Nigerian Consumers and the FCCPC’s Silent Intervention

By Edwin Uhara
The various telecommunication companies in the country have come under intense pressure from the Nigerian consumers over rapid depletion of mobile data services despite the high cost of purchasing mobile data; with some accusing some of the regulatory agencies of not doing their jobs properly.
Apart from Nigerians, I have personally experienced such unsatisfactory service in recent times until I came across various online campaign materials against telecom service providers and some regulatory agencies like the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission who have all been accused of doing nothing while the unhealthy practices continued in the telecoms industry.
“According to report, telecom subscribers are sending emails and direct messages to the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission, demanding an investigation into what they describe as unexplained data consumption.”
In the midst of such accusation, operators insist that there is no mechanism for reducing customers’ data, arguing instead that rising consumption is due to users behaviour, particularly the shift from 3G and 4G to 5G and increased video streaming habit.
Such controversy comes on the hills of the recent intervention by the Nigerian Senate urging the Federal Ministry of Communications, Innovation, and Digital Economy to engage operators on reviewing data and internet-related service costs.
While data consumption issues have remained a pressing concern in recent times, the situation became more pronounced since the implementation of new tariff by service providers.
“The report however added that many subscribers who shared screenshots of emails sent to regulators on social media remained unconvinced, arguing that the problem lies in the operators’ billing systems rather than their usage habits.”
“It added that data prices are too high these days. Every Nigerian should report the operators to NCC, FCCPC, and send them thousands of emails; otherwise, this price hike won’t stop,” one of the customers said.”
“Not only has data become more expensive, but it also seemed to deplete faster than before. This is unacceptable,” another user complained.”
Nigeria’s internet consumption crossed the one million terabyte mark for the first time in January 2025, highlighting the surging demand for internet services and Nigeria’s increasing dependence on digital connectivity.
To be very honest, I have followed the activities of the FCCPC for a very long time now, and I have also written extensively about the commission’s activities to place me in a better position to know what the agency is doing to stop exploitative practices in the country.
During the nationwide food crisis last year, the commission was in the forefront of the war against exploitative practices with many raids against some manufacturers who were caught in the shabby practice.
We also remember the open confrontation between the commission and a minister last year over some unhealthy practices involving a popular airline operator in the country.
And most recently, the commission is in court over some issues involving MultiChoice company, the parent company of DStv and Gotv over some of it’s billing systems.
Like the situation in the telecoms industry, the price hike by MultiChoice saw DStv Compact move from N15,700 to N19,000. Compact Plus from N25,000 to N30,000. Premium from N37,000 to N44,500, and GOtv Supa Plus from N15,700 to N16,800.
Following the new price regime, the FCCPC directed MultiChoice to suspend the increase pending regulatory review, but the company went ahead with the price adjustment, leading to the legal dispute now before Justice James Omotosho.
I can go on to name many of the battles against exploitative practices the FCCPC addressed last year, but will not do so because I don’t want this article to be viewed as a public relations material by my readers.
However, I managed to get across to a staff of the FCCPC who do not want his name in print over data depletion which Nigerians are complaining about but he told me that the commission is already addressing the concerns raised by Nigerians and promised that the outcome of such investigation would soon be made public.
Therefore, I appeal to Nigerians to exercise more patience as the issue is been addressed.
Comrade Edwin Uhara is A Public Affairs Commentator and writes from Abuja
Technology
World Bank Backs Raxio With $100m for Data Centres in Africa

By Adedapo Adesanya
The World Bank, through its private investment arm, the International Finance Corporation (IFC), has injected $100 million investment in regional data centre developer and operator Raxio Group as it joins the rush into digital data in Africa.
Digital demand on the continent is surging, but infrastructure remains scarce as many still rely on Europe or South Africa for hosting.
Africa accounts for less than 1 per cent of the world’s data centre capacity even as mobile data usage grows by around 40 per cent annually.
Cloud computing and tech giants such as Amazon Web Services, Microsoft Azure, and Huawei are ramping up partnerships and presence on the continent.
Recall that Equinix launched its data centre in Lagos as part of efforts to boost digital economy on the continent.
The debt funding by IFC is its largest such investment to date in Africa – reflects rising interest from global institutions in the continent’s digital economy, where mobile money, AI-driven services and cloud-based platforms are rapidly expanding.
Hosting data locally reduces costs, improves speeds and gives governments more control over cybersecurity and regulation.
The IFC picked Raxio which is building a network of top standard data centres, including one in Ivory Coast with construction underway in Mozambique, Ethiopia and Democratic Republic of Congo. It launched its first facility in Uganda in 2021.
The expansion aligns with views that Africa is the next battleground for cloud services.
Speaking on this, Mr Sarvesh Suri, IFC regional industry director, infrastructure and natural resources in Africa, said improving digital connectivity and building the backbones of digital infrastructure are of key importance to support economic growth in Africa
“Data centres as such and overall digital connectivity is an important area of focus for the IFC,” he said.
Identify the challenges such as power supply, complex regulation and political instability can deter commercial players, Mr Suri noted that development finance institutions play a crucial role by de-risking early investments that can unlock long-term private capital.
“We bring in the right kind of instruments to help support investors to reduce the risk over all this, to make sure that these investments continue to be long-term, sustainable, and profitable, but also economically beneficial for the countries,” said Mr Suri.
“We see the interest, the support, the engagement, the collaboration we are getting from the governments where we operate, who really want this to happen,” added Mr Raxio Group CEO Robert Skjodt.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN