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Crypto Experts See Bullish Gains for Ethereum and Tron But Place Bigger Bets on IntelMarkets

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Despite the ongoing bearish sentiment in the crypto market, analysts have predicted the values of Ethereum (ETH) and Tron (TRX) could soar high in the coming months. However, they argue a new Crypto ICO, IntelMarkets, could emerge as the best performer.

According to analysts, IntelMarkets has a low market cap and unique approach. They predict a price increase of 1,100% in the coming months.

Franklin Templeton Files Bitcoin and Ethereum (ETH) Index ETF Proposal with SEC

Franklin Templeton has submitted an application to the US SEC for the listing and trading of its Bitcoin & Ethereum Crypto Index ETF. Franklin Templeton will manage the new ETF, which seeks to provide investors with access to two major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), combined in one index fund.

This ETF would enable the investors to have exposure to both Ethereum crypto and Bitcoin (BTC) without actually holding these very volatile assets. The trust will primarily hold Bitcoin (BTC), Ethereum (ETH), cash equivalents, and short-term investments with a maturity of less than three months.

In other news, the Ethereum price has dropped below the 50-SMA ($2,559.80) and 200-SMA ($3,099.05). This move is a bearish sign and could lead to more losses in the future. On the other hand, TheDustyBC forecast the value of Ethereum coin could pump to $5k in the coming months.

Tron (TRX) Revenue in Q3 2024 Stands At $577 Million

According to the data from Tronscan, the Tron network generated over $577.2 million in Q3 2024. 74% of the revenue came from staking, while 26% came from burning. Token Terminal data also revealed that Tron’s (TRX) total fees and revenue surpassed leading competitors, including Bitcoin and Ethereum.

While Bitcoin generated about $56.3 million, Ethereum generated $256 million in the same quarter. This massive increase in revenue came at a time when memecoin activity on the blockchain skyrocketed.

The Tron coin even benefited from the price surge. Currently, the token is showing profits on the weekly, biweekly, and monthly timeframes. It is one of the few altcoins that has escaped the ongoing bearish attack.

Analysts are bullish about the Tron price. They say its value could skyrocket to ?$0.171619 as long as it remains above the 50-SMA ($0.150938) and 200-SMA ($0.132568).

IntelMarkets (INTL) Brings Exciting Improvements To Crypto Trading

One of the best DeFi projects currently in the crypto market is IntelMarkets (INTL). This new entrant aims to overcome each of the challenges that the current cryptocurrency trading market presents using the power of AI and blockchain. The issues IntelMarkets addresses are low speed, security, and high charges for transactions.

The IntelMarkets platform has a dual-chain structure and is compatible with Solana, and Ethereum is both compatible. Also, Intel Markets has a bot developed with Artificial Intelligence, which investors can use to make their trade easier. A total of 1200 traders have made a profit from the bot which is quite encouraging.

The bot will help traders monitor the market volatility in different tokens, including Solana and Tron. This will help them to be in a position to make the right decisions when trading in the market. According to data from CoinMarketCap, the value of the total crypto market is over $2T currently.

Therefore, as Intel Markets joins this market, its trading volume and price are likely to rise in the next few months. Currently, the INTL is now trading at $0.027364 and the project has raised $910k in funding. This value of INTL is expected to increase in the near future to 1,100%, according to analysts.

Conclusion

While Ethereum (ETH) and Tron (TRX) remain promising, a new player known as IntelMarkets is slowly gaining ground in the crypto market race. Analysts are bullish about this new DeFi coin. They say its value will skyrocket in the coming months.

Discover More About IntelMarkets:

Presale: https://intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

 

How to Earn Money Online Without Investment: 7 Simple and Effective Methods

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In today’s digital world, earning money online without making any upfront investment is more achievable than ever. With the right strategies, dedication, and access to free online resources, anyone can start making money online without spending a cent. Whether you are looking to supplement your income or create a full-time online career, here are seven proven ways to start earning money online without any investment.

1. Content Writing: Get Paid for Your Words

What is Content Writing?
If you have a knack for writing, content creation can be a lucrative way to make money online. Many websites, blogs, and companies need written content for articles, blog posts, product descriptions, and more. The best part? You don’t need any investment to get started—just your writing skills and access to a computer with an internet connection.

How to Get Started:

  • Create writing samples: You can start by creating a portfolio of writing samples in various niches (travel, technology, finance, etc.). You can post these on Medium, LinkedIn, or a free blog.
  • Join freelancing platforms: Sign up on websites like Upwork, Freelancer, or Fiverr and apply for content writing jobs. Many clients are willing to pay for well-written articles, and beginners can get hired for simple tasks like blog posts or copywriting.
  • Apply to content mills: You can also apply to websites like Textbroker or iWriter that connect writers to clients.

Once you establish yourself, you can expand into higher-paying gigs, and as you gain experience, you may even land long-term clients who require regular content.

2. Become a Social Media Manager

What Does a Social Media Manager Do?
Social media management involves creating and scheduling posts, engaging with followers, and growing the social media presence of brands, influencers, or businesses. Many companies are willing to outsource their social media tasks to freelancers, making it an ideal way to earn money online without investing in any tools or courses. A great resource to streamline this process is Dropserve by Chris Munch, a platform that connects freelancers with clients seeking social media management services. This tool can help you find jobs more easily and manage projects effectively, enhancing your efficiency as a social media manager.

How to Get Started:

  • Offer your services to small businesses: Reach out to local businesses or entrepreneurs and offer to manage their social media accounts. You can create engaging content, schedule posts, and monitor analytics.
  • Use free tools: Platforms like Canva (for designing graphics) and Buffer or Hootsuite (for scheduling posts) offer free versions that are perfect for beginners.
  • Showcase your expertise: Build your own social media presence and use it as your portfolio to demonstrate your skills. You can also use LinkedIn to highlight your services.

Social media management is perfect for individuals who are active on platforms like Instagram, Facebook, or Twitter, and who can build and manage an online community for others.

3. Start a Dropshipping Business

What is Dropshipping?
Dropshipping is a retail fulfillment model where you sell products without keeping inventory. When someone buys from your online store, you place the order with a supplier, who then ships the product directly to the customer. This allows you to run an e-commerce business without investing in stock or managing shipments.

How to Get Started Without Investment:

  • Sign up for a free platform: Platforms like Shopify offer free trials, or you can use platforms like BigCartel that have free plans to start listing products.
  • Find a dropshipping supplier: Use services like Oberlo or AliExpress to find products you can list in your online store.
  • Market your store for free: You can use social media marketing, influencer partnerships, and word-of-mouth to promote your products without spending money on ads.

Dropshipping is ideal for anyone looking to run an online business without having to worry about inventory management or shipping logistics.

4. Participate in Microtasking

What is Microtasking?
Microtasking involves performing small, simple tasks that businesses outsource online. These tasks can range from data entry to labeling images or answering surveys. Microtasking sites, such as Amazon Mechanical Turk, Clickworker, and Microworkers, pay users to complete these short, easy-to-do jobs.

How to Get Started for Free:

  • Create an account on microtask sites: Sign up on platforms like Amazon Mechanical Turk, Clickworker, or Microworkers. These sites allow you to pick up tasks immediately without any fees or upfront investment.
  • Complete tasks: Look for tasks that match your skillset. These could be data entry jobs, categorizing products, or answering surveys.
  • Earn money: As you complete tasks, you’ll accumulate earnings that can be transferred to your bank account or PayPal.

Microtasking won’t make you rich overnight, but it’s a flexible way to earn money in your spare time without any financial commitment.

5. Sell Handmade or Vintage Goods on Etsy

What is Etsy?
Etsy is a global marketplace that allows individuals to sell handmade, vintage, or craft supplies. If you have a talent for creating unique items such as jewelry, artwork, or home décor, you can sell them on Etsy with no upfront costs.

How to Get Started Without Investment:

  • Create your free Etsy account: You can sign up for a free Etsy seller account and start listing items. While Etsy charges a small listing fee and takes a commission on sales, you can start your shop without paying any upfront costs.
  • Promote your products for free: Use social media or word-of-mouth to promote your Etsy shop. Joining Etsy’s own community and forums can also help you attract potential customers.

Selling on Etsy allows you to turn your hobby or craft skills into an online business without making any initial investment.

6. Offer Online Tutoring or Coaching

What is Online Tutoring?
Online tutoring allows you to share your expertise in a subject with students around the world. Whether you’re good at math, science, languages, or even music, you can teach others and make money online without any investment. Many platforms like TutorMe, Preply, or Chegg allow you to sign up as a tutor and connect with students looking for help.

How to Get Started:

  • Sign up on a tutoring platform: Create an account on a tutoring platform that matches your area of expertise. Many of these platforms don’t charge a registration fee and only take a commission from your earnings.
  • Offer your own coaching services: You can also offer one-on-one coaching or tutoring directly to clients via Zoom or Skype, using social media or word-of-mouth for promotion.
  • Create free educational content: Post videos, tutorials, or articles online to showcase your expertise. This can help attract students to your paid tutoring services.

Online tutoring is an ideal way to make money if you have knowledge in a specific subject and want to share it with others.

7. Monetize Your Social Media

How to Earn on Social Media?
If you have a growing presence on social media platforms like Instagram, TikTok, or YouTube, you can monetize your audience. Once you gain followers, brands will often pay you to promote their products through sponsored posts, affiliate links, or paid partnerships.

How to Start Without Investment:

  • Build your following: Post regularly, engage with your audience, and create content that appeals to your target demographic.
  • Join affiliate programs: You can sign up for free affiliate programs such as Amazon Associates or Rakuten and promote products to earn a commission on sales through your social media.
  • Collaborate with brands: As your following grows, reach out to small brands or businesses and offer to promote their products in exchange for payment or free products.

With consistency and creativity, social media can turn into a major source of income without you spending any money to get started.

Final Thoughts

Making money online without investment is not just possible, it’s a reality for many people today. Whether you’re freelancing, creating content, or offering your skills through tutoring or social media, there are numerous ways to start earning from home without paying anything upfront. The key is to find something that aligns with your skills, stay dedicated, and continually learn and improve.

By leveraging the free resources available online, anyone can start building an income stream with minimal risk and no investment required.

OpenAI Secures A $4bn Credit Line, A Day After Closing $6.6bn Round

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OpenAI has secured a $4 billion revolving credit line, adding to the momentum following its $6.6 billion funding round, cementing its position as one of the world’s most valuable private companies.

The credit facility, announced on Thursday, significantly boosts the ChatGPT maker’s liquidity to $10 billion, which will provide the necessary capital to expand its computing capacity, particularly through purchases of Nvidia chips. These chips are critical to its ongoing competition with tech giants like Alphabet-owned Google in the race for dominance in generative AI.

The revolving credit line is backed by a consortium of major financial institutions, including JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC. OpenAI’s Chief Financial Officer Sarah Friar explained that this financial injection “further strengthens our balance sheet and provides flexibility to seize future growth opportunities.”

This credit facility comes on the heels of OpenAI’s successful $6.6 billion funding round, which raised the company’s valuation to nearly $157 billion. The round attracted returning investors like Thrive Capital and Khosla Ventures, while major corporate supporters such as Microsoft and Nvidia also participated, further reinforcing the company’s position in the AI landscape.

Interestingly, the funding came in the form of convertible notes, with the conversion into equity contingent on two major conditions: a successful structural change into a for-profit company and the removal of the cap on investor returns. This move underscores the shift in OpenAI’s trajectory from its original nonprofit roots to a more conventional business model.

Despite the recent exits of its executives, including the abrupt departure of longtime Chief Technology Officer Mira Murati, investor confidence in OpenAI remains high. CEO Sam Altman’s ambitious growth projections have fueled this optimism.

OpenAI is expected to generate $3.6 billion in revenue this year, though its losses are projected to exceed $5 billion. However, the company expects a significant leap in revenue next year, potentially reaching $11.6 billion, according to sources familiar with the company’s internal figures.

Furthermore, OpenAI has offered a unique incentive to one of its returning investors, Thrive Capital. Reuters reported last month that the AI firm is allowing Thrive the option to invest an additional $1 billion next year at the same valuation if OpenAI reaches a specific revenue target. This exclusive opportunity is not extended to other investors, showcasing Thrive’s deep ties to the company and OpenAI’s confidence in its future performance.

While the capital inflow and financing options bolster OpenAI’s immediate liquidity and growth prospects, they also highlight the company’s need to secure high-end infrastructure to support its rapidly expanding AI models.

Nvidia, a key supplier of AI-optimized chips, is critical to this growth, and the escalating competition in the sector is making access to cutting-edge technology an essential strategic focus. With Google’s DeepMind and other rivals racing to develop more advanced generative AI models, maintaining this competitive edge will be crucial for OpenAI.

In addition to infrastructure investments, the secured funding and credit lines are expected to support research, talent acquisition, and partnerships to ensure OpenAI stays at the forefront of AI innovation. These efforts are central to the company’s long-term strategy of integrating AI into diverse industries, with Altman and his team envisioning a future where AI becomes an integral part of sectors like healthcare, education, and enterprise applications.

As one of the pioneers in generative AI, OpenAI has been at the forefront of transforming how businesses and individuals interact with AI tools like ChatGPT. With billions in funding and enhanced liquidity, the company is poised to continue driving innovation in the field. However, competition remains fierce, and the balance between scaling operations and achieving profitability will be key to its long-term success.

However, OpenAI’s soaring losses, projected to surpass $5 billion this year, underscore the financial risks inherent in its rapid scaling. The company’s balance sheet reflects both its massive investment in technology and research and the high costs associated with staying competitive in an evolving market.

Analysts believe that OpenAI will need to carefully manage these financial risks, to sustain its ambitious revenue projections and secure its position as a leader in AI.

Nigeria’s Newly Gazetted Withholding Tax Regime Takes Effect Jan 1, 2025 – Tax Agency Announces

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FIRS signpost

The Federal Inland Revenue Service (FIRS) has officially announced that the newly gazetted withholding tax regime will take effect from January 1, 2025, in a change that is poised to bring significant alterations to the current withholding tax system, which has been in place for decades.

In a notice signed by the Executive Chairman of FIRS, Zacch Adedeji, the service clarified that the existing withholding tax regime, outlined in the Company Income Tax (CIT) regulation, will remain in force until December 31, 2024. The FIRS emphasized the importance of compliance with tax regulations and urged taxpayers, tax practitioners, and the general public to prepare for the upcoming changes.

The notice states, “The Federal Inland Revenue Service (“the Service”) hereby notifies taxpayers, tax practitioners, and the general public as follows:

“The Deduction of Tax at Source Withholding (WHT) Regulations, 2024 published in the Federal Government Gazette takes effect from January 1, 2025.

“The current WHT regime as enshrined in the Companies Income Tax (Rates, ETC, of Taxes Deducted at Source (Withholding Tax) Regulations (S.I.10 of 1997) and relevant WHT provisions remains in force up to and until December 31, 2024.”

The Evolution of Withholding Tax in Nigeria

The introduction of the new withholding tax regime marks a significant shift from a system that has largely remained unchanged since its establishment in 1978. The old regulations have faced increasing scrutiny for being outdated and ambiguous, particularly as the scope of taxable transactions has expanded over the years.

The previous system, known for its lack of clarity, led to complexities that created barriers for businesses, especially those operating on thin margins. Issues such as inequities in tax burden and the strain on working capital for low-margin businesses prompted the need for reform.

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, had previously indicated in June that the government approved a new withholding tax regime, awaiting an official gazette, as a means to address these long-standing concerns.

Key Changes and Reforms

The new withholding tax regime, known as The Deduction of Tax at Source (Withholding) Regulations, 2024, seeks to overhaul the previous regulations by implementing the following key reforms.

Reduced Rates for Low-Margin Businesses

Recognizing the unique challenges faced by smaller businesses, the new regulations will feature reduced withholding tax rates for low-margin companies. This change aims to ease the tax burden on these entities, allowing them to maintain better cash flow.

Exemptions for Small Businesses

In a bid to foster growth and encourage entrepreneurship, the revised regime will exempt small businesses from withholding tax. This exemption is expected to stimulate economic activity by allowing smaller enterprises to reinvest more of their income back into their operations.

Measures Against Tax Evasion

The new regulations will introduce enhanced measures to combat tax evasion and avoidance, ensuring a more equitable tax system. These measures are crucial for maintaining public trust in the tax administration and ensuring that all taxpayers contribute fairly.

Deduction Timing and Key Terms

One of the significant criticisms of the previous system was its ambiguity regarding when tax deductions should occur. The updated regulations will provide clearer guidelines on deduction timing and important terms, helping taxpayers understand their obligations better.

Implications for Taxpayers and Businesses

The FIRS has reiterated that withholding tax (WHT) serves as an advance collection method for income tax, with rates ranging from 5% to 10%, depending on the nature of the transaction. Taxpayers will be required to submit returns by the 21st of the month following the deduction, with penalties for late filing set at N25,000 for the first month and N5,000 for each additional month of non-compliance.

Taxpayers are urged to familiarize themselves with the new regulations, as non-compliance can result in financial penalties. The FIRS’s proactive communication signals an effort to prepare businesses for a smooth transition to the new regime.

The new withholding tax regime is part of a broader strategy by the Nigerian government to modernize its tax system, ensuring it aligns with contemporary economic realities and promotes fairness.

The Presidential Tax Reform Committee was set up in 2023 with the aim of rectifying the inadequacies of the tax system. The reforms are expected to ease businesses of the burden of multiple taxation and foster a more conducive environment for businesses.

How to Build a Crypto Portfolio With Just $100 for Massive DeFi Returns!

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Building a crypto portfolio doesn’t require thousands of dollars. In fact, with just $100, you can position yourself for massive returns in the DeFi (Decentralized Finance) space. As DeFi continues to disrupt traditional financial systems, early investors in promising projects find that even small investments can become life-changing gains. But how can you take that first step, and where should you place your bets to maximize your potential for success?

In this guide, we’ll explore how to structure a diversified crypto portfolio with just $100, focusing on DeFi projects with real-world utility and explosive growth potential. We’ll also explore the key strategies and projects you should consider to get the most out of your investment.

Start With High-Potential DeFi Projects

When building a portfolio with limited capital, your goal should be to focus on projects that offer the potential for high returns. DeFi is one of the most innovative sectors within the crypto world, offering decentralized alternatives to traditional financial services like lending, trading, and earning interest. One such project that draws significant attention is FXGuys ($FXG).

FXGuys is currently in Stage 1 of its presale, priced at $0.03 per token, after selling out 68,000,000 tokens in a private round that raised over $1 million. FXGuys is pioneering a PropFi (Proprietary Finance) model that brings the forex market to the blockchain. This unique approach makes forex trading, one of the largest financial markets in the world, accessible to everyday traders through a decentralized platform.

For a small investment, FXGuys presents a major opportunity. It’s expected to see significant growth due to its real-world utility in forex trading and its innovative Trade2Earn model. By combining DeFi with traditional finance, FXGuys opens up an entirely new market, making it an essential addition to a crypto portfolio.

Diversify Across Other High-Utility Tokens

While FXGuys is an excellent starting point, diversification is key to reducing risk and increasing your chances of success. In the world of DeFi, it’s essential to look for projects with strong use cases and growing ecosystems. Two other promising projects that should be part of your $100 portfolio are Ethereum (ETH) and Polygon (POL).

Ethereum has long been the backbone of the DeFi ecosystem, powering many decentralized applications (dApps) and protocols.

While its price may be higher than smaller tokens, allocating a small portion of your portfolio to Ethereum ensures exposure to the wider DeFi market. Ethereum’s Layer-1 network continues to lead the space, and with its upcoming upgrades aimed at reducing gas fees and increasing scalability, it remains a solid foundation for any portfolio.

Next is Polygon (POL), a Layer-2 scaling solution for Ethereum. With Ethereum’s high gas fees becoming an issue, Polygon offers a more cost-effective way to access DeFi protocols. Polygon’s ecosystem has seen rapid growth, attracting many dApps and projects looking to offer users faster and cheaper transactions. Its potential for continued adoption makes it a great addition to your $100 portfolio.

Rebalance and Stake for Long-Term Growth

Once you’ve invested in high-potential tokens like FXGuys, Ethereum, and Polygon, it’s important to rebalance your portfolio periodically. This ensures you’re not overly exposed to any asset, allowing you to capitalize on market movements. For example, if one of your tokens surges in value, you may want to redistribute some profits to other promising projects.

In addition to rebalancing, staking is a great way to generate passive income from your investments. Many DeFi platforms allow you to stake your tokens, earning interest while supporting the network. FXGuys, for example, offers a staking system where you can lock in your $FXG tokens and earn passive rewards over time.

By staking, you increase the long-term potential of your investment and actively participate in the decentralized networks you believe in.

Conclusion: Turn $100 Into Massive DeFi Returns

Building a crypto portfolio with just $100 is possible and can lead to massive returns if you invest wisely in high-potential DeFi projects. Start with tokens like FXGuys, which offers real-world utility in the forex market and is already showing signs of significant growth. Pair this with foundational tokens like Ethereum and Polygon, and you’ll have a diversified portfolio poised for long-term success.

With regular rebalancing, staking, and a focus on projects with strong utility, your $100 investment could grow into something more substantial. As the DeFi market continues to evolve, now is the perfect time to position yourself for the next wave of innovation.

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