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BlockDAG Unveils Moon Keynote Teaser as Shiba Inu Burn Rate Soars and ORDI Shows Bullish Trends

By
TI Partners
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0

BlockDAG recently unveiled its highly anticipated technical whitepaper in an electrifying reveal at the iconic Las Vegas Sphere, marking a significant milestone in the blockchain sphere. As this incredible moment unfolds, the Shiba Inu community is excited as the burn rate skyrockets, showing a potent uptick in investor confidence. Similarly, ORDI, another player in the digital currency arena, is showcasing bullish trends, capturing the attention of investors and tech enthusiasts alike. This convergence of events sets the stage for an exhilarating chapter in the evolution of cryptocurrency and blockchain technology. Elevating the project’s buzz, the BlockDAG team has teased an upcoming moon-based keynote video.

Shiba Inu Burn Rate Surges by 2300%: Rally in Price Imminent?

In March, the burn rate of Shiba Inu surged by a staggering 2300%, resulting in the burning of 15.64 billion SHIB tokens across 217 transactions. This substantial burn has led to a reduction in supply and sparked optimism among investors, contributing to a nearly 130% increase in SHIB’s price.

However, the token is currently undergoing a consolidation phase, with a recent 5.48% decline in price. Derivatives data indicate a decrease in open interest and a low OI-weighted funding rate, showing short-term trading activity and bearish sentiment for SHIB.

ORDI Price Shows Momentum, Targets $100 Threshold

ORDI’s price has exhibited significant bullish momentum, boasting a market cap of approximately $1.5 billion. Despite representing a small fraction of the overall market, ORDI has experienced a gain of over 16% in the past week alone.

After rebounding from $57 on March 20, ORDI surpassed the crucial $70 resistance level and is currently trading around $71.35. A successful retest of this level could propel ORDI towards the $100 mark, buoyed by positive trends in the Bitcoin market. The optimistic outlook suggests further potential for growth in ORDI’s price.

BlockDAG’s Breakthrough in Decentralized Networks: Presale Success and Technical Advancements

BlockDAG’s presale has been met with resounding success, nearing the $17.9 million milestone by selling over 7.6 billion coins and 4600 miners in its 9th batch, with each coin priced at $0.005. With projections indicating a surge in daily sales to $5 million, BlockDAG is poised for a complete sell-out within the next three months, driven by its innovative approach to decentralised networks.

Setting itself apart with a hybrid consensus mechanism, BlockDAG enhances transaction security and efficiency. Unlike traditional Proof-of-Work models, BlockDAG’s DAG technology eliminates orphan blocks and increases throughput, mitigating vulnerabilities to 51% attacks inherent in Nakamoto consensus. This focus on security and scalability underscores BlockDAG’s commitment to pioneering advancements in the crypto space.

The BlockDAG team has released a teaser for an upcoming keynote video from the moon, increasing the project’s excitement. This unprecedented endeavor in the cryptocurrency world will boost the project’s popularity and reach, making the BlockDAG presale a remarkable event in crypto history.

BlockDAG aims to address the decentralisation dilemma while prioritising security, accessibility, and scalability. Leveraging an efficient mining process and a next-generation confirmation mechanism, BlockDAG reduces reliance on large mining pools, further enhancing network decentralisation. The launch of its technical whitepaper at the Las Vegas Sphere marks a significant milestone in its development journey.

Best Crypto for Mining and Investment

While Shiba Inu’s burn rate and ORDI’s price movements present enticing opportunities, BlockDAG emerges as a top contender with its innovative approach to decentralised networks. The resounding success of its presale, nearing the $17.9 million mark in just 9 batches, underscores investor confidence in BlockDAG’s potential.

BlockDAG’s hybrid consensus mechanism and steadfast commitment to security, scalability, and accessibility position it as a promising investment opportunity in the dynamic cryptocurrency landscape.

 

Join BlockDAG Presale Now and be part of the future of crypto!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

BlockDAG’s Upcoming Moonshot Keynote Video Unveiled as Presale Peaks at $17.9M & DOGE20 Presale Ends

By
TI Partners
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0

Scavenging for riches, what’s a better place than the moon?
Supported by a magnificent marketing team, BlockDAG surprises never end. Presale continues to magnatecially pull investors’ attention, through reaching new heights of $17.9 Million, selling over 7.6 Billion Coins in its ninth batch. On the other side of the narrative, the DOGE20 Presale ends, benefiting the Bitcoin Halving event. This move signifies luck, unlike BlockDAG which depends on dedication, and investors feel they do not want to waste this chance. 

DOGE20 Presale Ends Taking Advantage of Bitcoin Halving Buzz

The DOGE20 presale ends ahead of schedule, amassing excitement and anticipation among the cryptocurrency community. Originally set to close on April 20, the team concluded the presale early, adjusting the claim date to April 18 at 10 AM UTC. This shift propels DOGE20 onto decentralized exchanges two days sooner than planned, a maneuver bound by luck aiming to capitalize on the buzz surrounding Bitcoin’s halving and Doge Day.

BlockDAG Plans, Executes & Achieves

 BlockDAG’s presale is shattering expectations, with its latest round pricing coins at just $0.005 and total sales soaring past $17.9 million. The enthusiastic uptake of over 7.6 billion coins speaks volumes about the never-ending demand for this intriguing project. Offering a finite supply capped at 150 billion coins, BlockDAG makes ends meet by maintaining value and sustainability, mirroring Bitcoin’s approach with annual halving events, and without relying on outer circumstances.

During this initial presale phase, investors better be reserving seats as BlockDAG has strategically released 50 billion coins, about a third of its total cache, at attractive prices to lure early backers. This lay the pillars of BlockDAG’s early market footprint and stirs significant investor engagement.

Additionally, a notable 14.8 billion coins, representing about 15% of the total meant for community initiatives, are set aside to fuel educational programs and community-driven events. This thoughtful allocation underscores BlockDAG’s commitment to fostering a knowledgeable and vibrant user base, because BlockDAG wants people to know how to invest, rather than investing Blindly.

DogeCoin Presale Ends Stirring Investors Towards BlockDAG

The foresight displayed by ending the DOGE20 presale early piques the interest of investors looking for greener, more versatile alternatives like BlockDAG which leverages the historical surges seen after Bitcoin’s previous halvings.

As the market anticipates this launch, the DOGE20 presale ends, positioning Dogecoin20 in a competition with BlockDAG as Ethereum’s promising new contender, ready to exploit the reduced Bitcoin supply and heightened demand that typically follows a halving event.

This early conclusion of the DOGE20 presale is an endavour for the project to maximize its early market presence, promising a potentially explosive debut amidst favourable crypto options and the results shall speak for themselves.

BlockDAG Has No Mercy When It Comes To Profit

Rendirng the skies of Las Vegas with a neon glow at the iconic Sphere, BlockDAG unveiled its DAG Paper V2, captivating an audience eager for innovation and forecasting an exhilarating potential of 30,000x returns.

This bold revelation was soon followed by an enthralling teaser: a keynote video from the moon, setting a new standard for ambition in the cryptocurrency sphere. BlockDAG is redefining accessibility in tech development with its pioneering low-code and no-code platforms, making it a haven for both seasoned developers and novices dreaming of creating the next big meme coin or decentralized application.

BlockDAG Offers a Second Chance

Currently trading in its ninth batch at $0.005, and soon escalating to $0.006, BlockDAG’s valuation is on a meteoric rise, demonstrating an unravelling 500% growth since its launch. This trajectory is part of a grand vision that places BlockDAG on a path to achieving a $600 million valuation by 2024, with aspirations of hitting a $10 mark by 2025, epitomizing a transformative journey in everyone’s life.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Nigeria’s Fuel Subsidy Is Back At Scale

By
Ndubuisi Ekekwe
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1

On July 28, 2023, I wrote “Nigeria will either pause the full floating of its currency or return back to fuel subsidy within 6 months.” The fuel subsidy has since returned at scale. Here are my sources:

Source #1: “Asiwaju  ( President Bola Tinubu) announced withdrawal of fuel subsidy on 29th May , but believe it or not , fuel subsidy is back , we’re spending more now, about N8 trillion on subsidy than before 29th of May…But as I also said earlier during my presentation, the removal of fuel subsidy by the present administration is another good policy by President Tinubu.

“I have always supported withdrawal of fuel subsidy. But as you can see, in the course of implementation, the government has now realized that the subsidy has to be back, because right now, we are paying a lot of money amounting to trillions of naira for subsidy even more than before, because the impact has been seen and the packages of support that will reduce the impact have not been effective in reducing the impact, and so, the federal government has to backpedal by subsidizing petrol. “ – Nasir El-Rufai, former governor of Kaduna State on AriseTV

Source #2: “When Mr. President came May last year, one of the things he said is that Subsidy is gone. And truly subsidy was gone because immediately the price of fuel moved from 200 to 500 per liter. At that point truly, subsidy was gone. During that period, Dollar was exchanging for N460, but a few weeks later, the government devalued the exchange rate. And Dollar moved to about N750. At that point, subsidy was beginning to come back.

“The moment the two markets officially closed, officially the market went to about N1,300. At that point, that conversation was out of the window. Subsidy was fully back on petrol. If you want to know where petrol should be, just look at where diesel is. Diesel is about N1,300 and petrol is still selling for N600.

“So I can tell you for free that there there is at least N400 or N500 liters subsidy on petrol today. If you look at our daily consumption, say 40 million liters, and we’re spending N500 per liter, that is about N20 billion every day, N600 billion every month and 7.2 trillion yearly depending on how we look at it. So, subsidy is definitely back on petrol,” CEO of Rainoil Limited, Gabriel Ogbechie.

Our call has been validated. My position in July 2023 was that it was IMPOSSIBLE for the government to keep petrol price at a free market rate when Naira was floated. Only one could work at a time to avoid a vicious loop of negative continuum. This is simple AO Lawal O’Level Economics on inelastic products.

Good People, even at a full production capacity of Dangote Refinery, Nigeria will continue to subsidize fuel, because petrol is a huge product in Nigeria with the middle class families and their generators. Indeed, you can draw a correlation on how a faded rail system facilitated the destruction of Nigerian roads, until we have electricity from the national grid, petrol will remain in the family budgets.

The Question of Whether Bitcoin is Considered Money is Complex and Multifaceted

By
Paul Ugbede Godwin
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0

Bitcoin, is often heralded as the first decentralized cryptocurrency, introduced to the world by an anonymous entity known as Satoshi Nakamoto. The core idea behind Bitcoin is its operation on a peer-to-peer network where transactions are verified through cryptography and recorded on a public distributed ledger, the blockchain, without the need for central oversight.

Bitcoin has been a topic of discussion since its introduction in 2009. It operates independently of a central bank and uses peer-to-peer technology, where transactions are managed, and bitcoins are issued collectively by the network. Bitcoin is often referred to as cryptocurrency due to its encryption techniques used to regulate the generation of units and verify the transfer of funds.

The question of whether Bitcoin is considered money is complex and multifaceted. Money traditionally has three functions: it serves as a medium of exchange, a unit of account, and a store of value. Bitcoin, by design, fulfills these roles to a certain extent. It can be used to purchase goods and services where it is accepted, it can be divided into smaller units known as Satoshi’s, and it has the ability to store value over time.

However, the acceptance of Bitcoin as a form of money varies across different jurisdictions. Some countries have embraced it, with El Salvador becoming the first country to recognize Bitcoin as legal tender. On the other hand, its status as money is still debated among financial institutions and governments, with some arguing that cryptocurrencies do not possess all the needed characteristics of traditional money.

Bitcoin’s volatility is often cited as a challenge to its function as a stable store of value. Its price can fluctuate widely, which may deter some users and businesses from adopting it as a regular form of currency. Despite this, Bitcoin has a growing community of users and has sparked the development of thousands of other cryptocurrencies.

Whether Bitcoin is money is subject to interpretation and depends on one’s definition of money. It certainly has characteristics of money and functions as such within certain communities and marketplaces. However, its recognition as official currency or legal tender is not universal, and its role in the future of financial transactions remains to be fully determined.

However, the decentralization of Bitcoin is a complex subject. While the proof of work system allows anyone with the necessary computing power to contribute to transaction verification, concerns have been raised about the concentration of mining power in the hands of a few large players, which could potentially lead to centralization pressures.

Additionally, the possibility of a 51% attack, where a single group could control the majority of mining power, poses a risk to the network’s decentralized nature. Despite these challenges, Bitcoin remains a significant experiment in decentralized digital money, with ongoing discussions about its scalability and governance.

April Indicates 38% Increase in Funds Invested in the Crypto Industry

By
Paul Ugbede Godwin
-
0

The first quarter of 2024 has been a testament to the dynamic nature of the crypto venture capital landscape. After a two-year period of cautious investment strategies and a bearish market sentiment, the industry is witnessing a remarkable resurgence. This shift is not just a fleeting change but a substantial rebound that is breaking the downtrend observed since the peak in late 2021.

A report from early April indicates a 38% increase in funds invested in the crypto space, coupled with a 49% rise in the number of projects receiving funding. These figures are not just numbers; they represent a renewed confidence among investors and a bullish outlook for the future of cryptocurrencies and blockchain technology.

Leading the charge in this investment surge are crypto-native venture capital firms such as Andreessen Horowitz Crypto, OKX Ventures, Multicoin Capital, Paradigm, and Polychain. These firms have dominated the investment sphere, marking a shift from previous quarters where banks and non-crypto VCs were more prevalent.

The areas attracting these investments are diverse, ranging from decentralized finance (DeFi) and social finance (SocialFi) to Bitcoin layer-2 solutions. Web3 gaming and AI-integrated blockchain technologies are also seeing significant venture capital attention, indicative of the market’s appetite for groundbreaking developments in the crypto space.

This resurgence is attributed to several factors, including landmark legal victories, burgeoning interest in DeFi platforms like Solana, and a general increase in demand for cryptocurrencies following regulatory approvals in the US. The competitive landscape has created a founder-friendly environment where entrepreneurs wield greater leverage in fundraising endeavors, leading to accelerated deal-making and spiked valuations.

Ethereum continues to be the top choice for VC-funded projects, hosting over 50 initiatives, followed closely by Solana with 40 projects. The popularity of meme coin initial coin offerings (ICOs) on Solana’s platform has contributed to its growth, while Polygon and Bitcoin also continue to attract VC-funded projects, albeit with a slight drop in relative position.

The first quarter of 2024 has not only seen a recovery in the amount of funding but also in the sentiment of the investors. There is a careful optimism in the air, reminiscent of the enthusiasm seen in the early days of crypto’s mainstream adoption. The crypto venture capital landscape is brightening, and if this trend continues, we may be on the cusp of a new era of growth and innovation in the crypto industry.

The resurgence of crypto venture capital is a clear indicator of the industry’s resilience and potential for growth. It reflects the evolving nature of investment focus and the emerging trends shaping the industry. As we move forward, it will be interesting to see how this renewed vigor translates into tangible advancements and contributions to the broader financial ecosystem.

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