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Crypto News: BlockDAG’s Epic $50M Presale and 20,000x ROI Potential, BNB’s Stellar Surge, & AVAX’s Fight to Rebound

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Binance Coin has soared to unprecedented levels, potentially breaking the $1,000 barrier, while Avalanche wrestles with network congestion, hoping for a bullish turnaround. Amidst these contrasting fortunes, BlockDAG stands out gaining $50 million in presale, fueled by its innovative lunar keynote and cutting-edge technology, redefining how we interact with crypto through mining and smart contracts, making the digital currency world more accessible and efficient than ever.

Binance Coin Breaks the $707 Threshold

Binance Coin (BNB) has recently hit a new high, surpassing $707 and signaling a robust entry into a price discovery phase that could climb beyond $1,000. This surge is backed by a doubling in open interest since early June, reflecting heightened activity across Binance’s decentralized finance (DeFi) operations and its wider ecosystem.

The Binance Smart Chain has a locked-in value of $5.8 billion, demonstrating strong growth despite previous market downturns. Upcoming structural changes in July aim to enhance Binance’s market influence further, supporting the ongoing bull market’s momentum and underscoring Binance’s pivotal role in the cryptocurrency field.

Is Avalanche Heading for a Market Comeback?

Avalanche has recently shown some stabilization in its market value, with a slight 1.2% increase in the last 24 hours and a significant 148.2% rise year-over-year. However, the network is facing slowdowns, with a 20% reduction in Total Value Locked (TVL) this month, indicating a decrease in staking activities.

Initially spurred by a usage spike post-launch, network congestion has led to slower transactions and increased fees. Competing platforms offering similar services might exacerbate this slump. Nevertheless, Avalanche’s technical charts hint at a possible bullish reversal, specifically a “rounding bottom” pattern that could foretell significant growth in 2024, potentially reaching an average price of $80.63.

BlockDAG’s Moonshot Keynote Fuels a 1120% Valuation Surge

BlockDAG recently took the crypto community by storm with its Keynote 2, broadcast from the moon. This led to a staggering 1120% increase in its valuation, with predictions for 20,000x ROI. The event unveiled the X1 Mobile Miner App beta. This revolutionary tool allows efficient cryptocurrency mining on smartphones without significant battery or data usage, opening doors for both experienced and new crypto enthusiasts alike.

Additionally, BlockDAG has skillfully merged Block & DAG frameworks to speed up transactions and enhance reliability using Directed Acyclic Graph (DAG) technology. This setup is ideal for handling intricate dependencies, keeping BlockDAG at the cutting edge of scalability and security in cryptocurrency transactions.

The keynote also showcased EVM compatibility and numerous network enhancements, achieving over 45 development milestones. BlockDAG has expanded its payment options to include major cryptocurrencies like USDT, BNB, and Ethereum, broadening its market reach and flexibility. This ongoing innovation has propelled BlockDAG’s presale fundraising to $50 million through 18 batches for $0.0122 each.

Final Reflections

The divide between innovators and followers is becoming clear. While Binance Coin leverages its established platform to reach new market heights and Avalanche works through its challenges towards recovery, BlockDAG is sprinting ahead of the competition gaining $50 million in presale and pressing its 20,000x ROI potential. Its groundbreaking initiatives and strategic progress boost user engagement and cement its status as a blockchain innovation leader. BlockDAG’s vigorous growth and visionary projects set new industry standards, promising its community and investors a bright future.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The Grand Business Trajectory – Tekedia Mini-MBA

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Throw that projectile of ideas and let us track the path for you. In tomorrow’s lecture, at Tekedia Mini-MBA, I will explain the grand business trajectory, positing on the paths taken from an idea phase to revenue state, in companies.

That idea to open a new product, a new branch, a new subsidiary, a startup, etc: what needs to happen, to bring that idea to fruition. We will discuss the paths.

After the lecture,  Tekedia AI Lecture Companion will summarize the session and send it via WhatsApp.

Tekedia Institute >> the #best school. Registration continues here

The Lesson from EU and US On Protecting National Brands, The Case of Ovim Tablet

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From LinkedIn News: “China has overtaken the U.S. for the first time to become the world’s No. 2 seller of EVs, behind No. 1, Japan. Not only did Chinese brands, led by cheaper BYD, sell more new vehicles last year — 13.4 million vs. 11.9 million for the U.S. — they made more money doing so, according to Jato Dynamics. U.S. sales growth of 9% dropped behind China’s 23% for one reason, the researcher said: consistently high prices charged by American manufacturers. Yet, even as China makes inroads to emerging markets, it faces steep new protectionist tariffs in the U.S. and EU.”

There is nothing like a FREE market system when it comes to the global arena. I hope Nigeria understands that, and builds necessary protections in our economy. I was among those who began the business of mobile tablets. But one by one, Nigeria opened the floodgate, and the Chinese brands took over. Ovim tablet was knocked out of business. Yes, Tecno took down Ovim tablet – the magical device for work and play, named after my village!

Sure, I am not asking anyone to protect our lesser innovative product. My point is that Nigeria did not care for the efforts we have put in place. I used two generators in Owerri, and we could not surmount the ferocious price competitiveness the Chinese brand enjoyed.

See here, the US and the EU are building iron gates to protect Tesla and others, from the blazing innovative rage of BYD and China. Yet, Harvard and Oxford are still teaching free markets, globalization and multinationalism in the market system. Good People, there are many Chinese brands in Nigeria; someone needs to be concerned how we open our ports for everything. Can we learn from the US and EU?

BlockDAG Secures Prominent Influencer Endorsement As Presale Skyrockets By 1120%, Overshadowing PEPE Coin & Floki Price Trends

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Floki Inu recently celebrated a significant uptick following a hefty investment from DFW Labs, while PEPE coin’s substantial market cap of $6 billion stirs discussions on its future trajectory. Amid these movements, BlockDAG has captured significant attention, propelled by glowing endorsements from leading YouTube crypto influencers.

Recently, ‘2Bit Crypto’ cast a spotlight on BlockDAG’s latest Keynote 2 video, emphasizing the project’s ambitious goals and cutting-edge technology, which catalyzed an 1120% spike in its value. With robust influencer support and pioneering initiatives, BlockDAG isn’t just eclipsing other crypto presales in June 2024; it’s also establishing new standards, positioning it as a top pick for crypto investors. 

PEPE Coin News: Journey from Skepticism to Stability

Initially viewed as a fleeting trend, PEPE has surprised many by securing a $6 billion market cap. Despite initial doubts, long-term investors have vindicated their faith in the token, witnessing a 68% jump on the monthly chart and a 6% rise weekly. These figures suggest PEPE might be nearing its peak saturation.

Floki Inu Price: Insights into Recent Volatility

Floki Inu (FLOKI) has recently soared to new heights, fueled by a $12 million investment from DFW Labs. This dog-themed token enjoyed a 15% rise, reaching a record high of $0.0003491. The partnership with DFW Labs has significantly influenced its price dynamics. However, despite these gains, Floki Inu underwent a recent 8% price correction, with its current price at $0.0003164. This volatility highlights the risks inherent in the crypto market, advising investors to tread carefully.

Crypto Influencer Reviews BlockDAG’s Keynote 2

BlockDAG’s popularity surge is largely thanks to strategic endorsements from notable influencers. ‘2Bit Crypto’ recently reviewed BlockDAG’s Keynote 2 video, applauding its substantial progress and visionary plans. This endorsement has notably enhanced BlockDAG’s appeal in the crypto community.

The Keynote 2 video reveals plans for BlockDAG’s imminent mainnet launch and ecosystem expansion, along with multiple development updates, playing a crucial role in the presale’s dramatic rise. BlockDAG has also maximized its visibility through strategic appearances at iconic locations like Shibuya Crossing in Tokyo and Piccadilly Circus in London. This clever marketing tactic not only boosts its visibility but also stimulates investor interest, enhancing its presale activity. Currently, BlockDAG’s presale has amassed $50.2 million, demonstrating robust community support and a bright future for this budding crypto.

The influencer also highlighted BlockDAG’s innovative adoption of Directed Acyclic Graph (DAG) technology, distinguishing it from conventional blockchain projects. This technology boosts scalability and efficiency, enabling simultaneous transaction confirmations. The extensive global marketing efforts and the upcoming mainnet launch further highlight BlockDAG’s dedication to innovation and community engagement. With projections to raise $5 million daily in the presale as the mainnet launch nears, BlockDAG is set for substantial growth.

Wrapping Up

BlockDAG emerges as a formidable contender in the June 2024 crypto presales. While the trends surrounding PEPE Coin and Floki Inu garner interest, BlockDAG’s strategic endorsements and innovative technology set it apart. Its use of DAG technology and the significant momentum of its presale illustrate its potential for substantial returns. With over $50.2 million gathered in its 18th batch, reflecting an 1120% surge in value, BlockDAG offers a compelling opportunity for those scouting promising crypto investments this June.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Tax Evasion: Nigerian Court Drops FIRS Charges Against Binance Executives

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Federal High Court in Nigeria has dropped tax evasion charges by Nigeria’s Federal Inland Revenue Service (FIRS), against Binance Executives, Nadeem Anjarwalla and Tigran Gambaryan.

The court struck out the charges after Binance and the FIRS confirmed the appointment of Ayodele Omotilewa as the company’s representative, with the FIRS filing a fresh charge listing Binance as the sole defendant. 

The drop in charges is coming after both executives were charged with tax evasion on March 25, 2024, after the FIRS alleged that they failed to pay taxes on cryptocurrency transactions worth billions of Naira.

Fast forward to May 2024, the FIRS  amended its lawsuit, alleging that Binance failed to collect and remit various categories of taxes to the federation, particularly the Value Added Tax (VAT) and  Company Income tax (CIT), as stipulated by Section 40 of the FIRS Establishment Act 2007 as amended

It also disclosed that the crypto exchange failed to register with the FIRS, for tax purposes, an offense punishable under section 8 of the Value Added Tax Act of 1993. Binance was also accused of aiding customers to evade taxes through its platform.

In the FIRS fresh charge as seen by Tekedia, Binance is now listed as the sole defendant implying Gambaryan and Nadeem are no longer associated with its case. 

In the charge, the crypto exchange platform was accused of offering services, which involved the buying and selling of cryptocurrencies and the remittance and transfer of those assets to Nigerians while failing to deduct the necessary Value Added Taxes(VAT), arising from its operations. 

Part of the charges read,

“That you BINANCE HOLDINGS LTD on or about the 1st February 2024, in Abuja, FCT within the Jurisdiction of this Honourable Court, whilst involved in the offering of services to subscribers on your trading platform, known as Binance did aid and abet those subscribers on your trading platform to unlawfully refuse to pay taxes, or neglect to pay those taxes and in so doing committed an offense contrary to and punishable under the provisions of S.94 of the Companies Income Tax Act (as amended),” Count 4 of the four-count charge reads.

Speaking on the drop of tax charges against Binance Executives, a Spokesperson at the company Ivy Shirinda said,

We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped, further illustrating that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government”.

She added “we are deeply disappointed that Tigran Gambaryan, who has no decision-making power in the company, continues to be detained”.

It is however worth noting that last week, 16 U.S. members of Congress, including the chair of the Foreign Affairs Committee, Michael McCaul, wrote to U.S President Joe Biden, highlighting that Tigran is a “U.S. citizen wrongfully detained by a foreign government, urging him to do more to secure his release.