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Trump Hints At BTC Crypto Pump, As Best Cryptos To Buy Scorpion Casino & Pushd Enjoy Bear Market

By
TI Partners
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0

After reaching an all-time high of nearly $69k in November 2021, Bitcoin (BTC), the world’s most prominent cryptocurrency, had shed over 70% of its value but has recently rebounded to over $51K price. This volatility sent shockwaves through the market, leaving many investors questioning Bitcoin’s future trajectory.

Despite these bear-to-bull swings, a recent report by Arcane Research suggests that institutional adoption of Bitcoin is on the rise, with the total value of Bitcoin held by publicly traded companies reaching a record $123 billion in Q4 2023. Additionally, the upcoming halving event in 2024, which will reduce the number of new Bitcoins entering circulation by half, could trigger a supply-driven price increase.

In this article, we will discuss the current state of Bitcoin, exploring the factors shaping its future, like Trump endorsements and comparing it to two emerging contenders in the crypto arena: Pushd (PUSHD) and Scorpion Casino (SCORP).

Scorpion Casino Is Keeping It Real, Real Profitable

This project isn’t just about moonshot dreams; it’s a fully functional, licensed, and regulated online casino backed by an actual business generating revenue. That’s the foundation upon which the SCORP token thrives. Holders earn daily passive income through staking, fueled by the casino’s performance.

There is no need to fret about market fluctuations; the casino grinds on, ensuring a steady stream of USDT rewards. But Scorpion Casino doesn’t stop at staking. The SCORP token fuels the entire platform, from gameplay to affiliate rewards, governance, and more. The grease keeps the casino’s wheels spinning, creating a symbiotic relationship between the platform and its token holders. And guess what?

The presale is still live, offering early bird investors the chance to snag SCORP tokens at nearly half the price they’ll be at launch. With 10943 Participants already investing in SCORP and having raised over $5 million in its presale, it’s clear why many crypto investors are rubbing hands at the future of this rising altcoin.

Bitcoin Trumping The Horn

Bitcoin, the undisputed heavyweight champion of the crypto world, needs no introduction. Established in 2009, it’s the battle-hardened veteran, weathering countless storms and emerging more robust each time. While its price might be feeling the bear market blues, whispers of a Trump-fueled pump are electrifying the crowd. His recent acknowledgement of Bitcoin’s growing appeal, particularly among younger demographics, could signal a potential shift in sentiment.

Additionally, Trump’s economic policies, particularly his stance on the Federal Reserve, could create an environment where Bitcoin shines as a hedge against inflation and traditional asset volatility. However, Bitcoin needs more utility and real-world application than Scorpion Casino boasts. Its price movements are primarily driven by speculation and external factors, making it a riskier bet in the current climate.

Pushd: The Agile Challenger

Pushd, the nimble newcomer, is shaking things up with its innovative approach to online marketplaces. Built on blockchain technology, it aims to empower creators and reward consumers through a peer-to-peer (P2P) dynamic. This disrupts the traditional model, promising greater transparency, fairer compensation, and a thriving community-driven ecosystem. Its potential 20x gains have attracted over 27,000 sign-ups and 6,000 holders quickly, showcasing its early traction.

But Pushd is still in its early stages, lacking the established track record and real-world implementation that Scorpion Casino possesses. While its potential is undeniable, it’s a riskier bet for investors seeking immediate and tangible returns.

Each contender brings unique strengths and weaknesses in the battle for the “Best Crypto to Buy” in this bear-to-bull market landscape. Bitcoin, the seasoned warrior, holds the legacy and potential for a Trump-fueled pump. Pushd, the agile newcomer, disrupts the market with its innovative P2P approach.

But for investors seeking a combination of real-world utility, daily passive income, a thriving community, and an established business model, Scorpion Casino stands out as the undisputed champion. Its presale offers a limited-time opportunity to invest at a discounted price, potentially positioning you to reap the rewards as the market thaws and the bulls return.

Ready to join the Scorpion Casino presale and earn passive income while playing your favourite games?

 

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

Understanding The “Asset Balance” As Nigeria Watches Bank Balances of Below N500k for 95% of Citizens

By
Ndubuisi Ekekwe
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0

“In the past eight years, only about 5% of the population have bank accounts with more than half a million in them…The majority was left out, while a small minority enjoyed” – Wale Edun, Nigeria’s finance minister, on Nigerian banking.

With that observation, the government wants to take action: “Highlighting the need for corrective measures, Edun emphasized that the government’s reforms aim to rectify economic imbalances that have favored a small group of elites over the majority of citizens in the past eight years. He noted the importance of redirecting government revenue into the national treasury to address these disparities.”

Yet, there is a need for caution here. Yes, we should not blindly focus on increasing the balances in bank accounts, rather, we should look at how we can formalize people’s assets. In other words, a man who inherited 10 hectares of land but no bank account may be more loaded than someone who has N2 million in a bank balance, if that land has velocity and is tradable.

In other words, how can we redesign Nigeria’s economy to move from money to capital in our policy engineering? The land is dormant, and not in Nigeria’s balance sheet, making it hard to see anything in the “asset balance”, even as the bank account is dry for that man. In other words, Nigeria sees the zero bank balance but has no visibility on the 10 hectares of land, but that does not mean it does not exist.

Nigeria will become a great nation when we shift from money to capital. Yes, NOT unlocking dormant assets will continue to make many “rich” people seem poor in Nigeria. Unfortunately, no state government can do this translation because of many laws in the books, including the Land Use Act which essentially voids capitalisation of undeveloped farmlands at scale, as governments can take possession at will.

Good People, until Nigeria begins to focus on creating systems for capital development over our fixation on money and cash balances, we will continue to struggle. Money is a subset of Capital, and nations which allow Money to rule over them underperform. In Nigeria, we’re pursuing so much money, leaving Capital, and in the process, we are scaling poverty. That poverty is what Mr. Minister saw in the bank accounts but that does not mean those people are indeed poor because today no one sees the unlocked “asset balances” they possibly hold.

Until Nigerian policymakers focus on creating systems for Capital development and evolution over our fixation on Money, we will continue to struggle. Money is a subset of Capital, and companies and nations which allow Money to rule over them underperform. In Nigeria, we’re pursuing so much money, with limited efforts designed to advance Capital, triggering a system where there are many farmlands but no capital market product for farmlands. And without Capital, we scale poverty.

Only 5% of Nigerians have N500k and above in their bank accounts – finance minister

Qatar Declines Nigeria’s Proposal for Business Forum During Tinubu’s Visit, Presidency says visit still holds

By
Samuel Nwite
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0

In what seems to be a diplomatic hiccup for Nigeria, the State of Qatar has rebuffed a proposition by the Nigerian government to host a Business and Investment Forum (BIF) during President Bola Tinubu’s upcoming visit to the Gulf nation on March 2 and 3, 2024.

The denial came to light through a leaked response from the Embassy of Qatar in Abuja to a Note Verbale from Nigeria’s Ministry of Foreign Affairs.

Quoting from the leaked document dated February 22, 2024, the Embassy articulated, “Unfortunately, there is no agreement signed between the State of Qatar and the Federal Republic of Nigeria on Investment Promotion and Protection.” It further added that the Minister of Commerce and Industry in Qatar would be on official missions abroad during President Tinubu’s visit.

Moreover, the Embassy indicated that Qatar would be hosting a Web Summit during the proposed timeframe, with its authorities preoccupied with the event.

“The State of Qatar will be hosting a Web Summit during the suggested period and the State’s Authorities will be preoccupied with this event.”

“The Embassy of the State of Qatar avails itself of this opportunity to renew to the Protocol Department of the Ministry of Foreign Affairs of the Federal Republic of Nigeria the assurances of its highest consideration.”

The presidency reacts

However, the Presidency in Abuja has refuted the leaked information, asserting that the state visit by President Bola Tinubu to Qatar remains scheduled between March 2 and March 4.

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, clarified that the leaked memo primarily focused on a private sector-led Business and Investment Forum intended to be held alongside the president’s state visit.

“We are aware of a leaked diplomatic correspondence between the Embassy of the State of Qatar in Abuja and Nigeria’s Ministry of Foreign Affairs regarding President Tinubu’s visit between March 2 and March 3, 2024.

“The leaked diplomatic paper by mischief makers about an investment forum is not in any way a snub on Tinubu by the Qatari government.

“The business meeting is being put together by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Qatar’s Chambers of Commerce and Industry.

“Business people from Nigeria planned to engage their counterparts from Qatar on commercial and investment opportunities available in both countries,’’ Onanuga stated.

He further elucidated that NACCIMA and Qatari Chambers of Commerce and Industry were collaborating to capitalize on the president’s visit to Doha, aiming to mobilize the business communities from both nations to explore various sectors like oil and gas, manufacturing, agro-business, construction, real estate, ICT, renewable energy, solid minerals, and service sector, among others.

Contrary to the leaked memo, President Tinubu is expected to proceed with his visit to Qatar as planned. During the visit, he is anticipated to engage in high-level bilateral discussions with the Qatari leadership, encompassing diplomatic and economic matters.

“It is incorrect to insinuate that the Qatari authorities have snubbed the Nigerian leader over a business and investment forum which is tangential to the state visit.

“President Tinubu and His Highness Al-Thani are both committed to maintaining and building on the existing cordial and special relationship between Nigeria and the State of Qatar,’’ Onanuga stated.

Recent recalls by German carmakers Volkswagen and BMW in the United States

By
Paul Ugbede Godwin
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0

The German car manufacturers Volkswagen and BMW have been ordered to recall hundreds of thousands of cars in the United States due to separate safety issues. The recalls highlight the importance of addressing potential risks promptly to ensure driver safety.

Volkswagen is recalling more than 261,000 vehicles in the U.S. due to issues with a suction jet pump seal inside the fuel tank. The National Highway Traffic Safety Administration (NHTSA) identified this problem, which could increase the risk of fire. The affected vehicles include certain front-wheel drive models:

2015-2020 Audi A3 Sedan.

2019-2020 Volkswagen Jetta GLI.

2018 Golf SportWagen and others.

Dealers will replace the suction pump on these vehicles free of charge, ensuring that drivers can continue to operate their cars safely.

BMW is also facing a recall affecting 79,670 cars in the U.S. The issue lies with the brake system, which could lead to an increased braking distance. Additionally, the ABS (anti-lock braking system) and DSC (dynamic stability control) may not function correctly. To address this, workshops will rectify the problem at no cost to BMW owners.

Both Volkswagen and BMW recognize that safety is paramount. By promptly addressing these issues, they demonstrate their commitment to ensuring their customers’ well-being. The U.S. market is crucial for German car manufacturers, with strong sales figures for both brands last year:

The Volkswagen Group delivered around 993,100 vehicles in North America—an impressive increase of almost 18%. BMW sold 395,741 cars in the USA, representing a 9% growth compared to the previous year.

BMW Issues 79,670-Car Recall over Potential for Brake Malfunction

BMW has initiated a recall covering nearly 80,000 vehicles from the 2023 and 2024 model years. The recall involves a defect in the ABS and stability control systems that could cause power braking assistance to fail, potentially leading to the driver losing control of the vehicle.

According to documents filed with the National Highway Traffic Safety Administration (NHTSA), the BMWs’ integrated brake system “may not function according to specifications.” This could result in extended braking distance or potential loss of vehicle control, increasing the possibility of a crash.

However, even in the event of a malfunction, mechanical braking and the emergency brake remain unaffected by the issue. The emergency brake would automatically activate if there were a loss of braking performance.

BMW has assured that drivers will be alerted through a warning light or message in the instrument cluster if there is a problem with the braking system. Owner notification letters are expected to be mailed on April 5, 2024, and affected vehicle owners can bring their cars to their BMW or Rolls-Royce dealer for free replacement of the integrated braking system.

South Africa Working on Stablecoin Regulation

By
Paul Ugbede Godwin
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0

In the dynamic realm of cryptocurrency and digital assets, South Africa has been actively refining its approach to regulation. Last year, both the Financial Sector Conduct Authority (FSCA) and the Financial Intelligence Centre (FIC) classified crypto assets as financial products, initiating the registration process for crypto asset service providers.

Now, in 2024, South Africa is poised to take another significant step by considering stablecoins as a specific type of crypto asset. The Intergovernmental Fintech Working Group (IFWG) in South Africa is at the forefront of these regulatory developments.

Tasked with overseeing fintech advancements in the country, the IFWG has announced plans to develop a comprehensive regulatory framework for stablecoins. This initiative aims to address the growing importance of stablecoins within the financial ecosystem.

The IFWG is a collaborative effort among South African financial sector regulators, including National Treasury, the Financial Intelligence Centre (FIC), the Financial Sector Conduct Authority (FSCA), the National Credit Regulator (NCR), the South African Reserve Bank (SARB), and the South African Revenue Service (SARS). Together, they work to demystify the regulatory landscape, providing clarity and guidance to fintech companies navigating complex compliance requirements.

The IFWG will begin by assessing various use cases for stablecoins. These digital assets, pegged to fiat currencies like the U.S. dollar, offer stability and liquidity advantages over other cryptocurrencies. By exploring their potential implications, South Africa aims to strike a balance between innovation and investor protection.

Innovation thrives when there’s room for experimentation. The IFWG recognizes this and actively creates a safe space for fintech startups and established players alike. Through its Regulatory Sandbox, companies can test innovative products and services without fear of immediate regulatory repercussions. This sandbox approach encourages creativity, accelerates development, and ensures that new solutions align with regulatory standards.

In addition to stablecoins, the IFWG will scrutinize tokenization—a process that involves representing real-world assets (such as securities) on a blockchain platform. By conducting analytical work on tokenization, South Africa seeks to understand its regulatory implications thoroughly. A discussion paper outlining these implications, particularly concerning blockchain-based financial market infrastructure, is expected to be published by December.

While South Africa progresses with its regulatory agenda in the crypto space, an upcoming presidential election scheduled for May 29 adds an element of uncertainty. However, regardless of potential political changes, South Africa remains committed to fostering a conducive regulatory environment that encourages innovation while safeguarding investors.

The IFWG doesn’t stop at demystification and experimentation—it actively advances innovation. By closely monitoring emerging trends and technologies, it identifies opportunities and risks within the financial sector. The IFWG collaborates with industry stakeholders, policymakers, and entrepreneurs to shape policies that foster responsible growth while safeguarding consumers.

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