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City of Santa Monica, California, is hosting a Bitcoin open-source festival in October

By
Paul Ugbede Godwin
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0

The City of Santa Monica, a picturesque beachfront city in California, is gearing up for an exciting event this October that is sure to attract Bitcoin enthusiasts from around the globe. The Pacific Bitcoin Festival, set to take place on October 18-19, 2024, promises to be a vibrant celebration of all things Bitcoin, with a focus on open-source development and the Bitcoin lifestyle.

This festival is not just another conference; it’s a unique blend of education, community, and entertainment. Attendees can expect to dive into a variety of topics related to Bitcoin, from the technical aspects of lightning and nodes to the broader implications of cryptocurrency on society. The event is designed to cater to all levels of Bitcoin users, from novices to seasoned experts, ensuring a rich experience for everyone.

The narrative surrounding Bitcoin in the United States is evolving, reflecting a broader shift in the perception and utilization of cryptocurrency. Once seen primarily as a speculative investment or a means to transact outside of traditional banking systems, Bitcoin is now being woven into the fabric of the US financial landscape in more complex and varied ways.

One of the most significant changes in the Bitcoin narrative is its growing acceptance on Wall Street. The approval of the first Bitcoin exchange-traded funds (ETFs) marks a milestone in the cryptocurrency’s journey towards mainstream financial recognition. This move, however, has not been without controversy. It has sparked debate among crypto purists who fear that Bitcoin’s original libertarian ethos is being undermined as it becomes more entrenched in the very system it was meant to disrupt.

Another aspect of the narrative is the discussion around Bitcoin’s role in the ‘de-dollarization’ process. The idea that Bitcoin could challenge the US dollar’s dominance as the global reserve currency has been a topic of interest for years. However, recent market dynamics suggest that this narrative may be losing ground as the dollar continues to assert its influence on international transactions.

In 2024, new narratives are emerging that explore the capabilities and applications of blockchain technology beyond mere currency. Concepts like Decentralized Physical Infrastructure Networks (DePIN) and Decentralized Science (DeSci) are gaining traction, highlighting the potential for blockchain to revolutionize various sectors.

These evolving narratives are not just stories; they have real-world implications. They influence investor sentiment, guide market trends, and can even shape legislative and regulatory approaches to cryptocurrency. As such, it is crucial for investors, entrepreneurs, and policymakers to critically evaluate these narratives,

One of the most compelling aspects of the Pacific Bitcoin Festival is its commitment to being a Bitcoin-only event. This means that all discussions, workshops, and presentations will center exclusively on Bitcoin, providing a focused environment for learning and sharing. Moreover, the festival offers personalized support for those looking to purchase Bitcoin, secure their assets, or explore Bitcoin IRAs and employee benefits.

As narratives continue to unfold, they not only influence investor sentiment and market trends but also shape the regulatory and technological advancements within the crypto space. It’s a dynamic story, one that requires critical evaluation and a nuanced understanding of the interplay between technology, economics, and human behavior.

The Bitcoin narrative in the USA is indeed taking a new dimension, one that reflects a maturing market and a technology that’s becoming increasingly integrated into the fabric of society. As we watch these narratives evolve, it’s clear that Bitcoin’s story is far from over—it’s just entering a new chapter.

Potential Implications if WhatsApp Should Exit Nigeria

By
Paul Ugbede Godwin
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1

The recent news about WhatsApp potentially exiting the Nigerian market has sparked a flurry of discussions and debates across the nation. WhatsApp, a subsidiary of Meta Platforms, has become an integral part of daily communication in Nigeria, making the possibility of its departure a significant concern for its millions of users.

The situation arose following a hefty $220 million fine imposed on Meta Platforms for alleged breaches of data privacy laws. The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has taken a firm stance on the matter, emphasizing the importance of adhering to national regulations designed to protect consumer rights and data privacy.

WhatsApp’s potential exit raises several critical questions about the future of digital communication and the regulatory environment in Nigeria. It underscores the delicate balance between regulatory enforcement and the operational viability of tech companies within the country. The implications of such a move could be far-reaching, affecting not just individual users but also businesses that rely on WhatsApp for marketing, customer engagement, and day-to-day operations.

From a consumer perspective, the loss of WhatsApp could lead to a shift towards alternative messaging platforms, which may not offer the same level of functionality or user experience. This could disrupt communication patterns and pose challenges for users who have become accustomed to the app’s features.

The specific data privacy concerns raised against WhatsApp in Nigeria revolve around the updated privacy policy that the messaging app introduced, which would allow it to share users’ data with its parent company, Facebook, and other affiliated apps like Instagram. This policy shift has sparked widespread criticism and concern among users, regulators, and industry experts for several reasons.

Firstly, the sharing of user data without explicit authorization is a primary concern. Users fear that their personal information could be exploited without their consent, leading to privacy violations. The policy update was perceived as giving WhatsApp the right to collect, store, and share personal data with Facebook and its other entities, which could include sensitive information like phone numbers, contacts, and chat logs.

Secondly, there is a worry that consumers are not being given the right to self-determine the use of their data. This means that users would have little control over how their information is used once it is collected by WhatsApp.

Thirdly, the policy has been criticized for potentially discriminatory practices. The updated privacy policy does not apply to users in the European Union due to the stringent General Data Protection Regulation (GDPR), which protects data privacy. This has raised questions about why different standards are applied to users in Nigeria and other parts of the world.

Lastly, there is a concern about the abuse of market dominance. WhatsApp, being one of the most popular messaging platforms globally, holds a significant amount of power over users’ data. The policy update could potentially leverage this dominance to the detriment of users’ privacy rights.

These concerns have led to the Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria imposing a hefty fine on WhatsApp for multiple and repeated violations of the country’s data protection and consumer rights laws. The situation underscores the importance of data privacy and the need for tech companies to adhere to local regulations that protect consumers’ personal information.

For the Nigerian economy, the exit of a major player like WhatsApp could signal to other foreign investors and tech companies that the business environment is challenging, potentially affecting future investments. It also raises concerns about the country’s digital ecosystem’s ability to support innovation and growth if major international players withdraw.

On the other hand, this situation could also present an opportunity for local tech startups to fill the void left by WhatsApp, potentially leading to the growth of indigenous platforms and solutions tailored to the Nigerian market.

The FCCPC’s actions reflect a broader global trend where regulators are increasingly scrutinizing the practices of tech giants to ensure compliance with local laws. The outcome of this situation could set a precedent for how similar cases are handled in the future, not just in Nigeria but across other jurisdictions as well.

As the story unfolds, it will be crucial for all stakeholders, including the government, regulatory bodies, tech companies, and consumers, to engage in constructive dialogue. The goal should be to find a resolution that balances regulatory compliance with the sustainability of digital services that have become essential to modern life.

Building Investment Portfolios And Personal Economy – Tekedia Mini-MBA

By
Ndubuisi Ekekwe
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0

You spent at least 4 years in the university or polytechnic, did they ever teach you anything about your personal economy? Yes, did they prepare you for yourself? Most times, schools are designed to prepare us for WORK, as factors of production (Labour), in companies, organizations or governments.

Simply, one of the greatest surprises when I started work as a banker was this: the university system prepared me on how to manage resources for companies, but did a very poor job on how I could manage my own personal resources.

In FUT Owerri, we studied great topics in Engineering Management like Engineer Turns Manager, Managerial Accounting, etc. In all those domains, everything was on how to optimize resources for the employer (yes, the company). But none for the village boy’s Personal Economy. That is why at Tekedia Institute, we have courses on Personal Economy Management.

Tomorrow, I will be looking at “Building Investment Portfolios And Personal Economy “. To register for the Sept edition of our program, go here . More SMEs attend our program than any university in Africa.

Shiba Inu Vs. Dogecoin Vs. ETFSwap: Which Undervalued Altcoin Should You Buy?

By
TI Partners
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0

One of the ways smart investors make money in crypto is by investing in undervalued altcoins that an average individual may ignore. As the crypto market anticipates an altcoins season, Shiba Inu (SHIB), Dogecoin (DOGE), and ETFSwap (ETFS) are undervalued altcoins with solid potential to soar. So, which should you buy?

ETFSwap (ETFS) Shows Sign Of A Double-Figure Launch Price

ETFSwap (ETFS) is one of the undervalued altcoins selling below $0.1 with a high potential to rise in the coming altcoins season. Currently selling at $0.01831, experts predict ETFSwap (ETFS) to launch above $10 as its market appeal waxes stronger. This double-figure launch price would mean a 500% increase for those who invest now. 

One of the reasons for this bold launch price prediction is because ETFSwap (ETFS) is scheduled to launch on top exchanges such as Binance, Coinbase, and a host of other recognized crypto exchanges. Another reason is the hype surrounding the ETFSwap (ETFS) platform following the launch of Spot Ethereum ETFs. 

The launch of this crypto ETF has brought more investors to the financial market, and since ETFSwap (ETFS) is a platform to trade ETFs on the blockchain, it has benefited from this investment inflow. In just two months, the number of registered users is approaching 15,000. The ETFSwap (ETFS) shortly after undergoing KYC verification also announced the launch of the platform’s ETF in 2025. 

Apart from the high number of ETFSwap (ETFS) users, its native token has exceeded expectations. While analysts predicted a two-month timeline for its first presale stage, it completed it in less than four weeks and raised over $1 million. Its second presale stage has raised over $1.5 million and is about to end soon. 

It’s essential to note that apart from the launch projections of the ETFSwap (ETFS) token, there are other benefits to buying it. Token holders enjoy voting rights in the community and discounts on trading fees for traders using the ETFSwap (ETFS) platform. Another incentive is the monthly airdrops, and there’s a staking pool reward of up to 36% profit and an APR yield of up to 87%. 

Shiba Inu (SHIB) May Rise Following Multiple Predictions 

The Shiba Inu (SHIB) memecoin is another altcoin trading under $0.1 with the potential to shed some zeros in the coming altcoins season. Already, Shiba Inu has increased by 18% at the time of writing, and multiple predictions within the crypto community have speculated a higher rise soon. 

Shiba Inu has been overlooked and undervalued due to its current market price despite launching four years ago. However, Shiba Inu (SHIB) may now be headed for new highs as momentum is gathering lately. While Shiba Inu, unlike ETFSwap (ETFS), doesn’t have a major growth driver, its value has one of the memecoin with the largest market capitalization in conjunction with its community will likely push it. 

Dogecoin (DOGE) May Run Riot In 2024

In the world of undervalued altcoins is Dogecoin (DOGE). Although Dogecoin is another memecoin, its value speaks for it. Trading below $0.1, Dogecoin aims to run riot to reach $1 by the end of 2024. Dogecoin trades at $0.09 and may likely hit new psychological levels after many trials over the months.

Like Shiba Inu, (SHIB), Dogecoin (DOGE) is also set to ride the memecoin hype as no significant development has been attributed to its expected growth. Some are even skeptical about a massive pump since Dogecoin (DOGE) has already experienced a significant rise and reached a huge market capitalization. 

Conclusion 

The analysis has shown that these undervalued altcoins have good potential to rise. However, of the three altcoins considered, Shiba Inu (SHIB) and Dogecoin (DOGE) are memecoins relying on the memecoin hype and community support. 

As for ETFSwap (ETFS), its market relevance, current performance, and the utilities its token offers give it a better chance to soar significantly in the next altcoins season or bull run. Therefore, it’s the obvious choice if trying to decide which altcoins to buy at the moment. Invest now at just $0.01831 per token, as the price will rise in the next presale stage.

 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

African Startups Hit New Heights With $420m Record Funding Surge in July 2024

By
Ojukwu Emmanuel
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0

According to a report by Africa:The Big Deal, a tracker on start-up funding in Africa, it reported that July emerged as a landmark month for startup fundraising across Africa, marking a significant resurgence in venture capital activity on the continent.

With an impressive $420 million raised (excluding exits), the month reportedly stands as the highest performing period in 14 months, surpassing the total funds raised in the entire second quarter (Q2) of the year.

A Surge in Fundraising Activity

A total of 47 ventures secured at least $100,000 in funding last month, making July the second-best month of the year in terms of the number of deals closed, trailing only behind May, which saw 40 grant announcements from major players like DEG, CCHub, and iHub. Among these, 16 ventures managed to raise over $1 million, consistent with the monthly average during the first half of the year.

The surge in fundraising activity was heavily influenced by two major deals that dominated the headlines in July which include global leader in solar energy solutions d.light, which secured a massive $176 million securitization facility, and leading Egyptian fintech company MNT-Halan which raised $157.5 million.

These two mega deals alone accounted for a significant portion of the month’s total, underscoring the impact of large-scale funding rounds on the overall ecosystem. In addition to these, NALA, a Tanzanian fintech startup, successfully closed a $40 million Series A round, further boosting the month’s impressive tally. Combined, these three deals represented a staggering 90% of the total funding raised in July.

Exits and Ecosystem Growth

In addition to the record-breaking fundraising, July also witnessed four notable exits, although these were not included in the overall funding figures. The most prominent of these was the acquisition of Quicket, a South African ticketing platform, by global giant Ticketmaster.

A Milestone Year for African Startups

The stellar performance in July has propelled the African startup ecosystem beyond a significant milestone, comfortably crossing the $1 billion mark in funding raised so far in 2024, with a total of $1.2 billion. This not only exceeds the total amount raised in 2020 but also brings the ecosystem within striking distance of the $1.4 billion raised in 2019.

This achievement underscores the resilience and growth potential of African startups, even in the face of global economic uncertainties. The continent’s tech scene continues to attract substantial investment, driven by a combination of innovative solutions, untapped market potential, and a growing appetite for risk among venture capitalists.

As the year progresses, all eyes will be on whether African startups can maintain this momentum and surpass the 2019 funding milestone. With several promising ventures in the pipeline and increasing investor interest, the outlook remains positive for the continent’s burgeoning tech ecosystem.

Conclusion

July 2024 has has no doubt set a new benchmark for African startup funding, showcasing the continent’s dynamic and rapidly evolving tech landscape. The impressive fundraising figures, driven by mega deals and consistent investment in innovative ventures, highlight the growing confidence in Africa’s potential as a hub for technological innovation and entrepreneurship.

As the ecosystem continues to mature, African startups are poised to play an increasingly significant role on the global stage, attracting both local and international investment in the process.

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