IntelMarkets (INTL): New AI Crypto With 100X Potential Whales are Betting On

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November 29, 2024

Large crypto investors, popularly called whales, are showing a keen interest in this new AI altcoin: IntelMarkets (INTL). Besides its AI-DeFi narrative, its growth prospects as a low-cap gem rival most top crypto coins—no surprise whales are betting big.

In addition, its future transformation of the crypto trading landscape makes it a must-have. It will combine the best elements of centralized and decentralized exchanges while blending TradFi with DeFi. Given current indicators, its adoption is all but certain—one of the best cryptos to invest in.

IntelMarkets (INTL): A Unique AI-Powered Trading Platform

IntelMarkets (INTL) will be the first true modern-gen trading platform. If you are wondering what this means: it will integrate AI across all levels, which experts have been calling groundbreaking. As an AI-powered trading platform, it will be unlike any existing players, setting it apart.

This AI-powered exchange protocol is poised to transform the $264 billion global crypto trading landscape by offering users unmatched computing power. Meanwhile, its trading bots will be different from others. First, it will be trained on over 100,000 data points. Additionally, these bots can learn from previous trades and real-time trading data while performing rigorous technical calculations in seconds.

Given the above, adoption is all but certain, fueling bullish forecasts. But before discussing its growth prospects, let’s cover its key features and advantages.

Key Features of the IntelMarkets (INTL) Exchange Protocol

1. Dual-Chain Functionality

An exchange protocol that runs on two blockchains is a rare sight. However, INTL, a dual-functionality exchange, will popularize this model. It will be supported by and can run on the Solana and Ethereum blockchains, which are two of the fastest-expanding chains.

SOL is known for its cost-efficiency, scalability and fast transaction speed. Meanwhile, ETH stands out for its robust ecosystem of decentralized applications (dApps) and deep liquidity.

2. Diverse Crypto Pairs

In simple terms, there will be something from every trader, from popular pairs to top altcoins, emerging cryptos and niche tokens. Traders won’t be limited to leading crypto pairs; they will be able to choose from a range of options, with up to 1,000x leverage on select assets.

3. Advanced Trading Bots

Unlike existing players, IntelMarkets’ trading bots will be advanced, AI-driven and can learn from their own mistakes. They will be trained on over 100,000 data points and designed to give access to profitable strategies. With the ability to perform rigorous calculations at lightning speed, users can maximize opportunities across asset classes.

Equally important, these bots can identify market opportunities and automatically take positions depending on traders’ objectives. Users will only have to adjust variables like leverage, position sizing and risk.

Why Whales are Betting on the INTL Token

The INTL crypto is an up-and-coming cryptocurrency—one of the most promising new ICOs. Compared to top crypto coins, its upside potential is largely unmatched, making it a popular pick among whales and retailers.

Over $2.5 million has been raised by the team in the ongoing presale. A token costs just $0.054 in the sixth ICO stage, which is massively undervalued considering its growth prospects. Experts predict a 100x upside potential, poised to outperform competitors and other top altcoins.

Moreover, its impending adoption in the crypto trading scene makes it a must-have. It is hailed by experts as one of the best cryptos to invest in, gearing up to shake the crypto market after its debut.

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The Temu Effect Arrives Nigeria

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Ndubuisi Ekekwe

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November 29, 2024

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Now you are talking as Temu arrives Nigeria: “Chinese e-commerce firm Temu, known for its direct-from-manufacturer model, has officially entered the Nigerian e-commerce market.” That is a real deal in the Nigerian ecommerce because this company can decide to lose $2 billion for market share.

Google People, in 6 months, the largest B2C ecommerce company in Nigeria will be Temu if they use the same playbook they used in the United States. Enyimba FC, please reach out for a jersey deal since Temu advertises with no breaks.

With Temu around, the B2C ecommerce 2.0 era is now born in Nigeria. Now Jumia, Jiji and Konga will have to upgrade their playbooks. At the end, customers will benefit and the Nigerian customs will rake in more revenue because Temu will flood Nigeria with anything sellable, and none will be produced in Nigeria.

Yet, the direct from manufacturer model which Temu runs may not work out easily due to logistical challenges in Nigeria. But it can decide to invest in local delivery companies to get its mission executed. This is a positive for Nigeria because it will share its DNA with the local startup ecosystem on how to dream, and scale companies.

Temu Shakes up Nigeria’s E-Commerce Market With Entry of Signature Direct From Manufacturer Model

Temu Shakes up Nigeria’s E-Commerce Market With Entry of Signature Direct From Manufacturer Model

By

Ojukwu Emmanuel

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November 29, 2024

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Chinese e-commerce firm Temu, known for its direct-from-manufacturer model, has officially entered the Nigerian e-commerce market.

This move is expected to shake up the existing landscape and offer consumers a new shopping experience focused on affordability and convenience. Known for bypassing intermediaries to offer factory-direct pricing, Temu aims to redefine online shopping in Nigeria, while challenging established players like Jumia, Konga, etc.

The entry of the e-commerce firm in Africa’s most populous nation, follows its debut in South Africa earlier this year, where its aggressive marketing campaigns and ultra-low prices quickly captured market share. Temu has reportedly shaken up the competition for ad space among local brands, thanks to in part, its substantial ad spend, exceeding $5 billion a year.

This investment has created a fiercely competitive landscape in the online shopping sphere. Currently maintaining an average impression share of about 40%, Temu ensures that a significant portion of its target audience is exposed to its ads.

The surge in interest in Temu, as revealed by Google Trends data, has seen it outpace both Shein and Superbalist in monthly search volume. Interestingly, Temu appears to prioritize promoting its own brand terms over aggressively bidding on competitor terms, as evidenced by the absence of its ads in direct searches for Superbalist or Shein.

Now, with its entry in Nigeria’s burgeoning e-commerce space, Temu is set to revolutionize consumer expectations. “Our direct-from-factory model meets the growing demand for quality, affordable products in Nigeria.” a Temu spokesperson said. “We aim to offer a secure and trustworthy platform for seamless shopping experiences.”

Launched in 2022, Temu’s unique strategy has proven successful globally. By eliminating middlemen and catering to price-sensitive consumers, the e-commerce firm has disrupted markets in over 80 countries. From sales of $3 million in September 2022 to $400 million by April 2023, the company’s growth trajectory is staggering.

Furthermore, Temu’s entry in Nigeria, intensifies competition for Jumia, Africa’s e-commerce leader, and AliExpress, another popular platform for Nigerians buying foreign goods.

With its impressive performance in South Africa following its entry earlier this year, Temu’s experience in South Africa has likely shaped its Nigerian strategy. While the e-commerce model resonates with consumers, in Nigeria, it will need to navigate complex market dynamics and regulatory landscapes to sustain its momentum.

Temu’s Nigerian expansion signifies a pivotal shift in Africa’s e-commerce evolution. With McKinsey projecting the continent’s e-commerce market to surpass $75 billion by 2025, the stakes are high. Whether Temu can replicate its global success in Africa remains uncertain, but one thing is clear: its disruptive entry will intensify competition, likely benefiting African consumers through better prices and enhanced services.

For now, Temu’s affordability, direct-from-factory efficiency, and focus on consumer trust have set the stage for a fierce battle that could reshape the region’s e-commerce landscape.

Rising Cyber Threats: Nigeria Faces 18,872 Cyberattacks Monthly Amid Digital Growth – Report

By

Ojukwu Emmanuel

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November 29, 2024

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Nigeria is grappling with a significant surge in cyber threats, recording an alarming 18,872 cyberattacks each month, according to Check Point Software Technologies’ 2024 African Perspectives on Cyber Security Report.

This surge highlights Nigeria’s growing status as a digital hub in Africa and the associated cybersecurity challenges.

The report reveals an average of 4,718 cyberattacks per week targeting Nigeria, ranking it 19th globally for cyberattacks as of July. This trend parallels the expansion of Nigeria’s digital economy, where increased internet access has heightened exposure to cyber risks.

The financial institutions are also not being spared, as a report from Check Point Software technologies reveal that Nigerian banks are targeted by 182.01 percent more than their global counterparts.

In 2023 alone, 80,658 Nigerian bank customers were scammed resulting in a loss of N59,33 billion between 2019 and 2023, according to the Nigeria Inter-Bank Settlement System. A notable incident involved a banking trojan compromising 100,000 customer accounts, causing $3 million in losses.

Nigeria’s finance sector is one of the most significant in Africa, making it a top target for cybercriminals. Top threats include InfoStealer and Banking Trojans, as well as weak multi-factor authentication and outdated banking systems, which make the sector very vulnerable.

In response to escalating attacks, several banks have announced increased investment in digital infrastructure and cybersecurity. Five commercial banks have earmarked N248.21 billion for technology upgrades in the coming months, with N59.69 billion allocated for cybersecurity enhancements.

The report also highlights cyber vulnerabilities across the continent, with South Africa, Kenya, and Morocco experiencing consistent attacks. South Africa faces 3,312 weekly attacks on government entities, coupled with a 90% rise in ransomware incidents, costing nearly 1% of its GDP. Kenya and Morocco endure 4,719 and 8,733 weekly attacks, respectively, with critical sectors like government, education, and finance being primary targets.

In response to escalating threats in Nigeria, the government issued 33 cyberattack advisories in the past year a record high. However, African companies invest only 0.05% of their revenue in cybersecurity, far below the global average of 0.3-0.5%. Experts stress the urgent need for robust cybersecurity strategies, including Al-driven threat detection and continuous monitoring. Public-private collaboration is also crucial to tackling these challenges and protecting the continent’s growing digital infrastructure.

Issam El Haddioui, Head of Security Sales Engineering for Africa at Check Point, stated, “Now is the time for African organisations to take proactive steps to align with global standards and enhance their cybersecurity resilience!”

As Africa’s digital economy grows, addressing cybersecurity vulnerabilities is essential to safeguard operations and secure valuable trade partnerships, ensuring long-term economic stability across the continent.

Vancouver is Embracing Bitcoin for Economic Innovation

By

Paul Ugbede Godwin

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November 29, 2024

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In a groundbreaking move, Vancouver is positioning itself at the forefront of financial innovation by introducing “Bitcoin friendly” city plans. Mayor Ken Sim has unveiled a strategic proposal to integrate Bitcoin into the city’s investment portfolio, a decision aimed at preserving purchasing power and fostering a progressive environment for cryptocurrency innovation.

This bold initiative marks a significant shift in Vancouver’s financial strategy, aligning with a global trend where municipalities are exploring digital currencies as a hedge against traditional financial vulnerabilities. The mayor’s plan, which is set to be introduced in a motion titled “Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city,” reflects a commitment to technological advancement and economic resilience.

The proposal suggests that Vancouver may add Bitcoin to its balance sheet as part of efforts to diversify its investments, a move that could redefine the city’s approach to financial management and stability. By potentially adopting Bitcoin as a reserve asset, Vancouver is not only looking to safeguard its purchasing power but also to signal its openness to the burgeoning crypto economy.

The implications of such a plan are far-reaching. It positions Vancouver as a leader in the adoption of cryptocurrencies, potentially attracting innovative businesses and investors who are looking to operate in a crypto-friendly environment. Moreover, it showcases the city’s willingness to adapt to the rapidly evolving landscape of finance, where digital assets play an increasingly significant role.

Mayor Sim’s vision for a “Bitcoin-friendly” Vancouver also aligns with his campaign promises and actions since taking office. His political party, A Better City, accepted cryptocurrency donations during the mayoral campaign, demonstrating an early commitment to embracing blockchain technology. The presence of “The Bitcoin Standard” in the mayor’s office further underscores his interest in and support for cryptocurrency adoption.

As the motion awaits formal introduction and subsequent discussion within the city council, the world watches with keen interest. Will Vancouver’s pioneering spirit pave the way for other cities to follow suit? Could this be the beginning of a new era where municipalities actively participate in the crypto economy?

The potential benefits are clear: diversification of financial resources, enhanced economic stability, and positioning as a hub for technological innovation. However, the path to becoming a “Bitcoin-friendly” city is not without challenges. It requires careful consideration of regulatory frameworks, security measures, and the volatility inherent in cryptocurrency markets.

Vancouver’s initiative is a bold statement in a time of financial uncertainty, offering a glimpse into a future where cities take active roles in shaping their economic destinies with the help of digital currencies. As December 11th approaches, the date set for the introduction of the motion, all eyes are on Vancouver, a city that could set a precedent for the rest of the world.

The journey of Vancouver towards becoming a “Bitcoin-friendly” city is not just about adopting a new asset class; it’s about embracing change, innovation, and the future of finance. It’s a step towards a new financial paradigm, one that recognizes the potential of Bitcoin and other cryptocurrencies to transform our understanding of money and value in the digital age.

IntelMarkets (INTL): New AI Crypto With 100X Potential Whales are Betting On

IntelMarkets (INTL): A Unique AI-Powered Trading Platform