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Best Crypto Investment: BlockDAG Dominates With A $19.8 Million Presale Stealing Investor’s Attention From Bitcoin Dogs Listing

By
TI Partners
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0

Meta-Description: While the world anticipates the Bitcoin Dogs listing soon, BlockDAG steals the spotlight with a record $19.8 million presale. Dive into the details of this buzz.

Join the elite group heading to the stars with BlockDAG, powered by the recent release of DAG Paper V2, which has stirred up significant excitement, including a major celebration in Las Vegas. With BlockDAG leading the way in success and wealth creation, the Bitcoin Dogs listing soon seems less critical, as it has only confused with its slow action.

Is the Bitcoin Dogs Listing Soon?

The leader of the Bitcoin Dogs project has shared updates with the community, stating that the listing of the 0DOG token is expected soon, although no specific dates have been confirmed. He urged patience and explained that the schedule for token claims and the exchange debut is being carefully planned to ensure the token’s integrity by avoiding early trading on decentralized exchanges (DEXs). Despite this, there is a lack of behind-the-scenes planning, as the team is still consulting with exchanges to ensure secure and stable listings on centralized platforms.

BlockDAG Shows Strong Community Support

BlockDAG has introduced a new feature on its website, providing live updates to keep its community well-informed. This gesture underscores BlockDAG’s commitment to its supporters who contributed to the impressive $19.8 million raised during the presale. With the presale price moving to $0.006 in the tenth batch, experts predict a significant return on investment, highlighting the potential for a 30,000x ROI.

Moreover, excitement is building as BlockDAG prepares for its next big reveal, with daily sales expected to reach an incredible $5 million. This momentum is bolstered by the attractively priced tenth batch of the presale and the thrilling announcement of an upcoming keynote video to be broadcast from the moon. BlockDAG’s strategic participation in various mining pools ensures fair reward distribution and maintains its strong position in the crypto market.

BlockDAG’s Innovations with PHANTOM & GHOSTDAG

BlockDAG is transforming blockchain technology by integrating the rock-solid security of traditional blockchains with the dynamic capabilities of Directed Acyclic Graphs (DAG). The core of this innovation lies in the PHANTOM protocol and the GHOSTDAG algorithm, which safeguard the community’s interests. PHANTOM ensures network security by selectively endorsing blocks, thus preventing double-spending and other security threats.

In parallel, GHOSTDAG enhances transaction sequencing and block acceptance by prioritizing the “heaviest” sub-DAG, which carries the most cumulative proof of work. This approach not only accelerates transaction processing but also strengthens the network against forks, ensuring a reliable and consensus-driven record of transactions.

The Resilience of BlockDAG

As we approach significant technological advancements, BlockDAG continues to push the boundaries of digital finance with its steadfast innovations and commitment earning $19.8 million in the presale phase. Meanwhile, the crypto community remains speculative about the Bitcoin Dogs listing soon. Both these developments promise a future rich in opportunities for investors and enthusiasts in the crypto space.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Grayscale converts 20% of $GBTC to $BTC ETF, as Runes protocol launches

By
Paul Ugbede Godwin
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0

In a landmark move, Grayscale Investments has converted a significant portion of its Grayscale Bitcoin Trust (GBTC) holdings into a newly established Bitcoin ETF, setting a new precedent in the cryptocurrency investment landscape. This strategic shift involves 20% of their GBTC holdings, transitioning to an ETF that boasts an impressively low fee rate of 0.15%, a figure that stands out in the industry for its competitiveness.

The Grayscale Bitcoin Trust has been a pivotal player in the digital asset space, offering investors the opportunity to engage with Bitcoin in a security form, circumventing the complexities of direct purchases and the intricacies of Bitcoin storage and safekeeping. With a market price of $57.31 as of April 19, 2024, GBTC has established itself as the world’s largest Bitcoin ETF by assets under management as of March 31, 2024.

Grayscale’s decision to convert part of its GBTC holdings into a Bitcoin ETF is a reflection of the evolving market dynamics and investor preferences. The move is not just about offering a product with a lower fee structure but also about adapting to the regulatory environment and the growing demand for more traditional investment vehicles within the cryptocurrency domain.

The new Bitcoin ETF represents a significant evolution from GBTC’s inception as a private placement. Over a decade ago, GBTC was launched, marking the beginning of publicly traded Bitcoin funds. The journey from trading on OTC Markets under the symbol GBTC to its uplisting to NYSE Arca as a spot Bitcoin ETF in 2024 is a testament to Grayscale’s commitment to innovation and regulatory compliance.

This conversion aligns with Grayscale’s legacy as a pioneer in the Bitcoin investment vehicle space, backed by a decade of operational history and expertise. The transition to an ETF format is expected to offer investors enhanced liquidity and flexibility in managing their positions, catering to the dynamic needs of modern investors.

The introduction of the new Bitcoin ETF with a low fee rate is a strategic move that could potentially reshape the investment strategies of individuals and institutions alike. It underscores Grayscale’s foresight in recognizing the importance of cost-efficiency in investment products, especially in a market as volatile and unpredictable as that of cryptocurrencies.

As the digital asset landscape continues to mature, Grayscale’s latest move could serve as a catalyst for other industry players to reevaluate their offerings and fee structures. The conversion of GBTC holdings to a Bitcoin ETF is not merely a change in investment vehicle but a significant step towards the mainstream adoption of cryptocurrencies as a legitimate and accessible asset class.

For investors, this development opens up new avenues for Bitcoin exposure with the added benefits of a regulated, secure, and cost-effective investment product. It marks a new chapter in the story of Bitcoin investment, one that could very well influence the future trajectory of the cryptocurrency market.

Grayscale’s innovative approach and its new Bitcoin ETF could be the harbinger of a new era in cryptocurrency investment, where accessibility, security, and cost-effectiveness are at the forefront of product offerings. As the market continues to evolve, Grayscale’s strategic conversion may well be remembered as a pivotal moment in the journey towards a more inclusive and sophisticated digital asset economy.

The Runes protocol launches with CyberKongz, Runestone, and RSIC

Meanwhile, the blockchain gaming world is abuzz with the recent launch of the Runes protocol, a groundbreaking development that promises to revolutionize the way we interact with digital assets and gaming. At the forefront of this launch are CyberKongz, Runestone, and RSIC, each playing a pivotal role in the ecosystem’s dynamics.

CyberKongz, known for their unique and collectible NFTs, have taken the position of being one of the first to etch runes, marking their territory in this new realm. The significance of CyberKongz’s involvement cannot be understated, as they bring with them a dedicated community and a proven track record of success in the NFT space.

Runestone, on the other hand, offers a more mystical and enigmatic presence. As the third entity to etch runes, Runestone’s contribution is shrouded in mystery, yet it is expected to add a layer of depth and complexity to the Runes protocol. The anticipation around what Runestone will unveil is high, and enthusiasts are eagerly waiting to see how they will influence the protocol’s future.

RSIC, marked as the eighth in line, brings a technical edge to the process of rune etching. With a focus on the Rune Specific Inscription Circuits, RSIC is set to provide a peer-to-peer allocation system that could potentially streamline the distribution and mining of runes. This system is designed to be fair, transparent, and efficient, ensuring that all participants have an equal opportunity to benefit from the protocol.

The launch of the Runes protocol is not just a milestone for the entities involved but also for the broader blockchain community. It represents a shift towards a more integrated and immersive experience in blockchain gaming, where players can have a tangible impact on the game’s economy and its assets.

One of the primary advantages of runes is their ability to provide a secure and transparent way of handling transactions within games. Runes operate on a UTXO-based system, which is inherently secure due to its compatibility with Bitcoin’s architecture. This ensures that all transactions are verifiable and immutable, providing players with peace of mind regarding the authenticity of their in-game assets.

Furthermore, runes bring an innovative reward system to the table. By leveraging a deflationary reward pool concept, games that use runes can offer a sustainable economic model that benefits both players and investors. This model is inspired by the Bitcoin mining mechanism and ensures long-term growth and stability for the game’s economy.

Another significant benefit is the first-mover advantage that games adopting runes can enjoy. Being early adopters of this technology sets them apart from competitors and positions them as pioneers in the blockchain gaming space. This can lead to increased player engagement and retention as gamers are often drawn to platforms that offer cutting-edge features and technologies.

As the protocol activates and the first runes are etched, we stand at the cusp of a new era. An era where gaming and blockchain technology merge to create experiences that are not only entertaining but also rewarding. The Runes protocol is a testament to the innovation and creativity that is possible when communities come together to push the boundaries of what is possible in the digital world.

The excitement surrounding this launch is palpable, and the implications are far-reaching. From gamers to developers, investors to enthusiasts, the Runes protocol is a beacon of progress, signaling the endless possibilities that await in the realm of blockchain gaming.

Qualifications To The Defence of Self-defense

By
Stanley Alieke
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0

Every law in force in every jurisdiction; be it religious or secular law forbids and frowns upon the act of killing another man and this act of killing another man is dealt with the most serious punishment available which is killing the killer in return. But there is only one instance when a person is permitted to kill another person and he will not be punished for it. The only time you are permitted in law to kill another man is in self-defence; i.e. you are in a kill-or-be-killed situation and you killed your attacker in defence of yourself; you just have to do it to save your own life, ie in the defence of your person or self-defence. 

In the case of Ekeozor V State (2016) LPELR-40951(CA) the court of appeal held that for an accused person to rely on the defence of self-defence, “it must be seen that the life of the accused was so much endangered by the act of your adversary that the only means of escape from imminent death was to kill the attacker”. See the case of Okordudu v state (2014)LPELR -23210(CA)

This legal permission to kill another person has qualifications and these are some of its qualifications;

Firstly, It must be in a kill-or-be-killed situation. This is to say that you are only permitted to kill in the defense of your person or your property. 

Secondly, your response to the attack must be commensurate or equivalent to the force or threat by your attacker. For instance, you are only permitted to defend yourself with a gun or other deadly weapons if someone attacks you with a gun or other deadly weapons but you cannot defend yourself with a gun or with other deadly weapons against an attacker who is only confronting you with a fist or without any weapon. This second qualification therefore implies that your reprisal attack must be commensurate or equivalent to the perceived threat/ attack by your adversary if not you have committed murder if your adversary dies from the reprisal attack and therefore will not be permitted to rely on the defence of self-defence. 

Thirdly, the reprisal attack or response to the attack against your adversary must be immediately or at the moment of the attack. For instance, if someone shoots at you, you must shoot back in that instant for it to amount to self-defence, if you have to wait later or to catch the person unaware before you shoot the person, it is no longer self-defence. Therefore, the response or reprisal attack must be in the heat of the moment for it to qualify as self-defence

 

Nigeria’s $1Trillion GDP by 2030 – How Are We Pursuing It?

By
Ndubuisi Ekekwe
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1

I expect Nigeria to rebase its GDP in the next 18 months considering the nation has lost the #1 spot as Africa’s largest economy. More so, the nation plans to hit $1 trillion in GDP by 2030.

Today, the GDP is projected by the IMF to be about $253 billion which is a 2X punishment after the Naira lost its value from N430/$ to N1,000/$. Now, I have some questions on how this could be done:

Option 1: Nigeria rebases and arrives at $700 billion in GDP, a 30% premium pre-Naira floating. Then work to grow to $1 trillion!!! (lol).

Option 2: Nigeria focuses on growing the economy, with Naira at N1,000/$ and hope to hit a Naira equivalent of $1 trillion.

Option 3: Nigeria “fights” for Naira and gets it down to N250/$ at the current level.

Options 2 and 3 are largely mutually inclusive as you cannot grow the economy that way without helping the Naira. Looking deeper, it simply means increased productivity in the land. 

All said, which one do you think the government is working on right now for the $1 trillion GDP?

Africa Accounted For Less Than 1% of Global Startup Funding in Q1 2024

By
Ojukwu Emmanuel
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0

According to a recent report by research firm Africa: The Big Deal, Africa accounted for less than 1% (-0.5%) of global startup funding in the first quarter (Q1) of 2024.

The continent’s startup funding remains a marginal fraction of global investment flows and experienced a more pronounced decline compared to most other regions in the first quarter (Q1) of 2024.

In terms of Quarter-on-Quarter (QoQ) evolution, start-up funding in Africa contracted slightly, recording-9%) while it grew in the two top regions (+33% in the US and +8% inEurope) and therefore globally (+11%). Meanwhile, Africa still performed better than Asia (-20%) and LatAm in particular (-38%).

On the Year-on-Year report, Africa performed poorly than other continents, with Q1 2024 funding representing just over half of Q1 2023 funding (-47%).  However, globally and across all regions except Europe (+3%), double-digit decrease was also the norm.

Check Out The Total Amount of funding startups raised in Each Region of Q1 2024

The total funding raised by startups globally in Q1 of 2024 reached $58.4%, representing a +11% Quarter-on-Quarter (QoQ) growth.

US:

Startups in this region raised a total sum of $34.2 billion, with a +33% Quarter-on-Quarter growth. Meanwhile it experienced a -21% decline in Year-on-Year (YoY) evolution.

Europe:

Startups in this region raised a total sum of $12.2 billion, with +8% Quarter-on-Quarter (QoQ) growth. It recorded a positive +3% year-on-year (YoY) growth.

Asia:

Startups in this region raised a total sum of $10.2 billion. However it recorded declines in QoQ and YoY, with -20% and -17% respectively.

LatAm:

Startups in this region raised a total sum of $0.5 billion, with -38% recorded on Quarter-on-Quarter growth, with -29% recorded on Year on Year.

Africa:

Startups in the African region performed poorly, raising $0.3 billion in funding and -9% in Quarter-on-Quarter (QoQ) and -47% Year-on-Year.

The report stated that if Q1 2024 funding were compared to the funding heatwave peak (in late 2021/early 2022), start-ups are currently raising 5x times less quarterly than they were when fundraising peaked in Q3 2021.

This highlights a more serious contraction than the global average (3.1x), which is very much influenced by Europe and US numbers (2.7x). It is in line with the Asian trend though, and much less dramatic than the gap registered in LatAm (14x).

Notably, the trajectory of venture funding to African startups is beginning to look like a bell curve from barely anything 10 years ago to a rapid acceleration in 2021, peak funding in 2022, and a deceleration starting from 2023.

For the coming quarters, with global inflation and interest rates still at record highs, there are expectations of similar declines in African startup funding versus the previous year’s equivalent quarter.

African startups have been urged to focus on generating revenue and strengthening financial management amidst the decline in VC funding. Meanwhile, in response to the funding crunch, several startups have implemented several strategic measures to keep their business afloat.

Apart from the downsizing of the workforce, reports reveal that some of these measures implemented varied from business model shifts to exploring asset-light approaches.

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