CBX Daily 3/12/2024

Author

CultureBanx Team
March 12, 2024

Today a Binance blast has Nigeria’s Naira taking a steep fall, but let’s start with how diversifying architecture may need pop culture to answer the call…

Now Playing:

Cultural Intelligence Download

Blueprint: Does Architecture Need Pop Culture To Increase Diversity?

CBX Vibe

The field of architecture is a fascinating intersection of creativity, culture, and community. It's a realm where structures are not just bricks and mortar but a reflection of the societies they thrive in. Black people comprise only 1.8% of the National Council of Architectural Registration Boards Certificate population, with Black women holding only 0.4% of all records, according to the NCARB 2023 By The Numbers report. 

Nigeria's Binance Crypto Bust Triggers Naira's Plunge

CBX Vibe:

Nigeria's crackdown on cryptocurrency has escalated with the detention of two executives from Binance, a major crypto trading platform. The country alleges that the $26B transactions via Binance Nigeria has facilitated the depreciation of the Naira to record lows. This in turn led to the central bank flagging off Binance and Coinbase, as authorities intensify efforts to regulate the crypto market. The recent arrest comes in the wake of telecom providers also blocking access to several crypto exchange websites.

Tapping Into Insur-Tech For Creating Generational Wealth

CBX Vibe:

Insur-tech, is pivotal in reshaping financial opportunities for marginalized communities who have contended with inadequate access to insurance services vital for wealth transfer. This intersection of insurance and technology has prompted serial founder and motivator Shawn Meaike to empower entrepreneurs in the insur-tech space, to not only build seven figure businesses, but also strengthen their communities. With 52% of the total U.S. population owning life insurance, there is a burgeoning opportunity for insur- tech to democratize financial inclusion and secure generational wealth.

Supplier Diversity Could Add $280 Billion To The U.S. Economy

CBX Vibe:

The U.S. economy is being called to task regarding the very top of mind subject of diversity, specifically when it comes to suppliers and vendors that could add $280 billion in extra income and four million jobs. A new McKinsey report “Expand diversity among your suppliers—and add value to your organization” found that the U.S. could reach these figures if spending with minorities and women increased.

Leveling The Unequal Playing Field In Homeownership

CBX Vibe:

Among the list of things in the American dream, homeownership stands as a significant milestone. However, the path to this dream is uneven, with Black and Hispanic homeowners often facing higher hurdles. Historically, systemic barriers and discriminatory practices have contributed to the unequal playing field in homeownership for Blacks and Hispanics.

Vibes of the Week

Is Architecture “Already Home” or does it need pop culture’s intervention? Jay-Z and Kid Cudi in our CBX Vibes!