As the Bitcoin halving event approaches, new investors are feeling the heat. With the mining of new coins set to be set in half, new investors are looking for safer bets. Entering presale stablecoins, BlockDAG coin is one of them, boosting successful returns of 1000x for its early investors. But that’s not all! While Bitcoin mining rewards are halving, Chainlink, the Ethereum-based crypto, is making great progress. Partnering up with telecom giant Telefónica, which has made Chainlink price rise. As the market buzzes with excitement, one thing’s for sure: BlockDAG’s success story is one to watch closely. 

Chainlink’s Telefónica Partnership Results in Price Surge

As we have seen in the past, whenever there’s a partnership between crypto coins and big firms or some influencers talk about it, the price of that crypto goes up. The same is happening with Chinlink coin, as they are partnered with Telefonica. Telefonica is a multinational telecom company, originating from Spain.

Chainlink is responsible for improving SIM swap detection. This will allow for enhanced security in carrier providers running in Web3 environments. As Chainlink is an Oracle provider that is decentralized, it allows it to run smart contracts on different networks like Polygon. It will help them to gain information about a SIM card people using, this will restrict SIM swaps, which are used for hacking. This is projected to cause Chainlink’s price to increase soon. 

Bitcoin Gears Up for Halving Event 

Recently, top crypto assets like Bitcoin and Ethereum have experienced fluctuations in their price brackets. While Ethereum is making progress and ascending on the price chart, Bitcoin is expected to face a significant drop. Why is this happening? Bitcoin will undergone a halving event, which means its mining rewards will be cut in half.

If you’re unfamiliar with the term “halving,” don’t worry, we’re here to help you understand. Halving is a process where mining rewards are reduced by half, and it occurs approximately every four years. This has led new investors to wonder whether they should still invest in Bitcoin or explore other options. While Bitcoin is in the halving process, it’s advisable to hold off on investing, as rewards are not as lucrative during this time.

BlockDAG: Next Crypto Giant?

BlockDAG is emerging as a top crypto asset, selling rapidly in its presale stage. This is attributed to its utilization of technology similar to other crypto giants like Bitcoin. BlockDAG uses Proof-of-Work (PoW) for security and decentralization, setting it apart from traditional blockchain-based cryptocurrencies. Its adoption of PoW ensures the safety of all transactions, contributing to its swift sales.

BlockDAG prioritizes security and transparency, fostering a secure blockchain environment for investors and miners alike. As a proven stable coin, BlockDAG presents an opportunity for substantial returns similar to Bitcoin. Investing in stable coins like BlockDAG is advisable, especially during presales, which can yield ROIs of more than 1000x.

With BlockDAG already in batch 2 and demonstrating significant potential within its community, it stands as a promising investment opportunity, with early investors in batch 1 enjoying up to a 50x return. If you still invest now, you can take advantage of good returns.

There is a lot to offer by BlockDAG yet, it’s gearing up to hit the target of $600 million dollars in 2024. No other crypto coins in presales have shown such positiveness except for BlockDAG. So, be a part of this community, as you have the option to buy this coin in presale.

Don‘t forget

The rise in Chainlink price, boosted by its partnership with Telefónica, makes the crypto market stable. Meanwhile, Bitcoin struggles due to halving which fades its attractiveness as an investment option currently. Therefore, it’s essential to seek stable and decentralized cryptocurrencies with comparable technologies, such as BlockDAG. Merely investing in presale coins isn’t sufficient; one must check stats to validate their stability. BDAG has demonstrated stability in the crypto market, earning the trust of its investors to deliver more than 1000x ROIs.

Invest In BlockDAG Presale:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

In a fresh move aimed at alleviating the economic challenges faced by Nigerian youths and citizens, the Federal Government announced plans to extend its social security payments net to unemployed graduates and introduce a consumer credit scheme.

These initiatives were disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, after the Federal Executive Council (FEC) meeting on Monday.

Edun emphasized President Bola Tinubu’s commitment to assisting the poorest segments of society, particularly in the face of heightened food prices. He revealed that the government would implement a Social Security unemployment programme to provide stipends to unemployed Nigerian youths, including graduates.

“At this period of heightened food prices, Mr. President has committed to doing all that can be done to assist in giving purchasing power to the poorest and in that line…we have coming, in the nearest future, an unemployment benefit for the young unemployed, in particular,” he said, without giving the timeline for the implementation.

Furthermore, the Federal Government plans to establish a consumer credit scheme to ease the economic adjustment pains faced by citizens. Edun said that the Chief of Staff to the President, Femi Gbajabiamila, will lead a committee tasked with implementing this scheme, which aims to make consumer credit available and increase the affordability of goods.

Regarding the review of the National Social Investment Programme (NSIP) implemented by the Special Presidential panel, Edun highlighted its outcomes, including the resumption of direct payments to 12 million households comprising 60 million Nigerians. He emphasized the importance of beneficiary identification through national identity numbers and bank verification numbers to ensure transparency and accountability in the distribution of funds.

“The big change that has allowed Mr. President to approve the restart of that direct payments to beneficiaries programme is the verification of the identity of beneficiaries. Each person that receives 25,000 Naira for a total of three months will be identifiable,” he explained.

Similarly, the Minister of Communications and Digital Economy, Dr. Bosun Tijjani, underscored the importance of leveraging existing datasets such as the Bank Verification Number (BVN) and National Identity Number (NIN) to vet beneficiaries and prevent multiple payouts to individuals.

“One of the initial moves that we’re making is leveraging the existing dataset that we have on our people…we will get commitment to ensuring that no one is paid twice, because you have to be properly IDed before you can benefit from that programme,” stated Tijjani.

However, despite the laudable intentions behind these initiatives, challenges such as the lack of reliable data and adequate funding could pose significant hurdles to their successful implementation.

Similar schemes introduced by the government in the past, such as N-Power, had been mired in allegations of corruption. The schemes were alleged to harbor many ghost beneficiaries owing to a lack of reliable identification.

Thus, the success of these social security programmes and the consumer credit scheme is said to depend heavily on accurate and up-to-date information about beneficiaries. Analysts note that without reliable data systems and proper verification mechanisms, there is a risk of inefficiencies, errors, and even potential abuse of the system.

Additionally, the availability of funds is crucial for sustaining these programmes in the long term. While the government has expressed its commitment to assisting the poorest segments of society, the availability of funds for such large-scale initiatives remains a concern.

Limited funding could lead to delays in payments, inadequate coverage of beneficiaries, or even the inability to sustain the programmes over time – particularly now that the government is grappling with heavy economic headwinds that have left its treasury empty.

Similar schemes initiated by the government in the past suffered from inadequate funding, with fund disbursement being abandoned halfway or the scheme being entirely suspended.

Stakeholders said that addressing these challenges will require concerted efforts from the government to invest in data infrastructure, improve data collection and verification processes, and allocate sufficient funds to support these social security programmes and the consumer credit scheme.

However, these initiatives are said to mark a concerted effort by the Federal Government to address unemployment and economic challenges. Economic experts believe that with proper planning, coordination, and resources, these programmes have the potential to make a meaningful impact in improving the livelihoods of Nigerian citizens and stimulating economic growth.