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Japan’s Nikkei index hit a 34-year high

By
Paul Ugbede Godwin
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0

Japan’s Nikkei index hit a 34-year high this week, reaching its highest level since 1990. The benchmark index rose 2.1% on Friday, closing at 31,648.71 points. The Nikkei has gained more than 20% since the start of the year, outperforming other major global markets.

What is driving the Nikkei’s rally?

There are several factors behind the impressive performance of Japan’s stock market. One of them is the strong recovery of the Japanese economy from the impact of the coronavirus pandemic.

Japan’s gross domestic product (GDP) grew by an annualized rate of 21.4% in the third quarter of 2020, rebounding from a record contraction of 28.8% in the previous quarter. The growth was driven by a surge in consumer spending, exports, and business investment.

Another factor is the positive outlook for Japan’s corporate earnings. According to a survey by Nikkei, the combined net profit of listed companies is expected to increase by 38% in the fiscal year ending in March 2021, compared to a 25% decline in the previous year. The sectors that are expected to benefit the most from the earnings recovery are technology, automobiles, and financials.

A third factor is the political stability and continuity under the new Prime Minister Yoshihide Suga, who took office in September 2020 after Shinzo Abe resigned due to health reasons.

Suga has pledged to continue Abe’s economic policies, known as “Abenomics”, which consist of aggressive monetary easing, fiscal stimulus, and structural reforms. Suga has also vowed to tackle the challenges posed by the aging population, the low birth rate, and the digital transformation.

What are the challenges and opportunities for the Nikkei?

Despite the strong momentum, there are still some risks and uncertainties that could affect the Nikkei’s performance in the future. One of them is the ongoing COVID-19 crisis, which could derail the economic recovery if it worsens or leads to more lockdowns and restrictions. Japan has reported more than 400,000 cases and over 6,000 deaths so far and is currently facing a third wave of infections.

Another challenge is the high valuation of some stocks, which could make them vulnerable to profit-taking or corrections. The Nikkei’s price-to-earnings ratio (P/E) is currently around 20, which is higher than its historical average of around 15. Some analysts have warned that the market may be overheating or entering a bubble territory.

On the other hand, there are also some opportunities and catalysts that could boost the Nikkei further. One of them is the potential for more fiscal and monetary stimulus from the government and the Bank of Japan (BOJ), especially in light of the upcoming Tokyo Olympics in July 2021. The Olympics are expected to generate economic activity and tourism revenue for Japan, as well as showcase its technological prowess and innovation.

Another opportunity is the possibility of more mergers and acquisitions (M&A) among Japanese companies, as they seek to enhance their competitiveness and growth prospects in the global market. Japan has seen a wave of M&A activity in recent months, such as Nippon Telegraph and Telephone’s (NTT) buyout of its wireless unit NTT Docomo, and Hitachi’s acquisition of U.S.-based software company GlobalLogic.

Japan’s Nikkei index has hit a 34-year high this week, reflecting the strength and resilience of its economy and corporate sector amid the COVID-19 pandemic. The index has been supported by several factors, such as the economic recovery, the earnings growth, and the political stability under Prime Minister Suga.

However, there are also some challenges and uncertainties that could pose downside risks for the market, such as the COVID-19 situation, the high valuation, and the external environment. Therefore, investors should be cautious and selective when investing in Japanese stocks, while also looking for opportunities and catalysts that could drive further growth.

MicroStrategy is a Bitcoin Development Company

By
Paul Ugbede Godwin
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0

What does it mean to be a Bitcoin development company? We will explore how MicroStrategy, a leading provider of enterprise analytics and mobility software, has embraced Bitcoin as a strategic asset and a source of innovation.

Bitcoin is the world’s first and most widely used decentralized digital currency. It is powered by a network of computers that run a software protocol that enables peer-to-peer transactions without intermediaries. Bitcoin is also a scarce and durable asset that can serve as a store of value and a hedge against inflation.

MicroStrategy has recognized the potential of Bitcoin as both a technology and an asset. In August 2020, the company announced that it had adopted Bitcoin as its primary treasury reserve asset, investing $250 million to acquire 21,454 bitcoins. Since then, the company has increased its Bitcoin holdings to over 114,000 bitcoins, worth more than $5 billion at current prices.

But MicroStrategy is not just a Bitcoin investor. It is also a Bitcoin developer. The company has launched several initiatives to support the growth and adoption of the Bitcoin network and ecosystem. These include:

MicroStrategy World Now: A virtual event that showcases how organizations can leverage Bitcoin and other digital technologies to transform their business models and gain a competitive edge.

Bitcoin for Corporations: A free online course that teaches executives and entrepreneurs how to buy, store, and use Bitcoin as part of their corporate strategy.

Bitcoin Strategy ETF: A proposed exchange-traded fund that would track the performance of companies that are aligned with the Bitcoin vision and have invested in or adopted Bitcoin as a core asset.

Hope.com: A website that promotes the positive social impact of Bitcoin and features stories of individuals and organizations that have benefited from using Bitcoin. –

Macro Strategy: A subsidiary of MicroStrategy that holds and manages the company’s Bitcoin assets and provides consulting services to other entities that want to adopt Bitcoin as a treasury reserve asset.

By becoming a Bitcoin development company, MicroStrategy has positioned itself as a leader and innovator in the digital economy. The company has also demonstrated its commitment to advancing the mission and vision of Bitcoin: to create a more open, fair, and inclusive financial system for the world.

One of the most obvious risks that MicroStrategy faces is the volatility of Bitcoin’s price. Bitcoin is known for its high price fluctuations, which can result in huge gains or losses for investors and holders. MicroStrategy has accumulated more than 100,000 Bitcoins, which means that any change in the price of Bitcoin can have a significant impact on its balance sheet and earnings.

For example, in September 2021, MicroStrategy reported a net loss of $419.9 million due to the decrease in the fair value of its Bitcoin holdings. On the other hand, in June 2021, MicroStrategy reported a net income of $555.5 million due to the increase in the fair value of its Bitcoin holdings. Therefore, MicroStrategy’s financial performance is highly dependent on the price movements of Bitcoin, which can expose it to high levels of uncertainty and risk.

Another risk that MicroStrategy faces is the regulatory uncertainty around Bitcoin and cryptocurrencies in general. Different countries and jurisdictions have different laws and regulations regarding the legality, taxation, and usage of cryptocurrencies. Some countries, such as China, have banned or restricted the use of cryptocurrencies, while others, such as El Salvador, have adopted Bitcoin as legal tender.

These divergent and evolving regulatory frameworks can pose challenges and obstacles for MicroStrategy as a Bitcoin development company, as it may have to comply with different rules and requirements in different markets.

Moreover, MicroStrategy may face legal actions or sanctions from regulators or authorities if it violates any laws or regulations related to cryptocurrencies. For example, in August 2021, MicroStrategy was sued by a group of shareholders who claimed that the company’s Bitcoin strategy was misleading and violated securities laws.

A third risk that MicroStrategy faces is the security and operational risk of managing and storing its large Bitcoin holdings. As a Bitcoin development company, MicroStrategy has to ensure that its Bitcoin assets are safe and secure from hackers, thieves, or technical glitches.

The company has to use reliable and trustworthy custodial services or wallets to store its Bitcoins and implement robust security measures and protocols to prevent unauthorized access or loss of its Bitcoins. However, even with these precautions, there is always a possibility that MicroStrategy’s Bitcoins could be compromised or stolen by malicious actors or due to human error or system failure.

For example, in December 2020, a hacker stole more than $600 million worth of cryptocurrencies from Poly Network, a decentralized finance platform that MicroStrategy had invested in.

To mitigate these risks, MicroStrategy has adopted several strategies and measures. For instance, to reduce its exposure to Bitcoin’s price volatility, MicroStrategy has diversified its revenue streams by offering software products and services to its customers. The company has also hedged some of its Bitcoin positions by issuing convertible senior notes and secured notes that are linked to the price of Bitcoin.

To cope with the regulatory uncertainty around cryptocurrencies, MicroStrategy has engaged with regulators and policymakers to advocate for a favorable and clear regulatory environment for Bitcoin and cryptocurrencies. The company has also complied with all applicable laws and regulations in the jurisdictions where it operates.

To enhance its security and operational capabilities, MicroStrategy has partnered with reputable and experienced custodial providers and wallet providers to store and manage its Bitcoins. The company has also implemented strict security policies and procedures to safeguard its Bitcoins from unauthorized access or loss.

MicroStrategy is a leading Bitcoin development company that has invested heavily in Bitcoin and has launched various initiatives to support and promote the adoption of the cryptocurrency. However, as a Bitcoin development company, MicroStrategy also faces some significant risks that could affect its performance and reputation.

These risks include the volatility of Bitcoin’s price, the regulatory uncertainty around cryptocurrencies, and the security and operational risk of managing and storing its large Bitcoin holdings. To mitigate these risks, MicroStrategy has adopted several strategies and measures such as diversifying its revenue streams, hedging its Bitcoin positions, engaging with regulators and policymakers, partnering with reliable custodial providers and wallet providers, and implementing robust security policies and procedures.

Sam Altman, raising $7 trillion to build semiconductor factories

By
Paul Ugbede Godwin
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0

Sam Altman, the former president of Y Combinator and the current CEO of OpenAI, has announced a bold plan to raise $7 trillion to build semiconductor factories around the world.

In a blog post published on his website, Altman explained his vision for creating a global network of chip production facilities that would enable faster and cheaper innovation in artificial intelligence, biotechnology, quantum computing and other fields.

Altman argued that semiconductors are the key to unlocking the potential of human creativity and solving the most pressing challenges facing humanity. He cited the example of how Moore’s Law, the observation that the number of transistors on a chip doubles every two years, has driven exponential progress in computing power and enabled breakthroughs in various domains.

However, he also noted that Moore’s Law is slowing down and that the current supply chain of semiconductors is vulnerable to geopolitical tensions, trade wars and natural disasters.

To address these issues, Altman proposed to create a new organization called Semiconductors for Humanity (SFH), which would raise $7 trillion from private investors, governments and philanthropists. The funds would be used to build at least 100 semiconductor factories in different countries, with a target of producing 10 billion chips per year by 2030.

Altman claimed that this would create millions of jobs, reduce the cost of chips by 90%, increase the speed of chip development by 10x and generate $100 trillion in economic value over the next decade.

Altman said that SFH would operate as a non-profit entity that would distribute the chips to anyone who needs them, regardless of their location, background or purpose. He said that SFH would not impose any restrictions or conditions on how the chips are used, as long as they are not used for malicious or destructive purposes. He said that SFH would rely on the principles of openness, transparency and collaboration to ensure that the chips are used for the benefit of humanity.

One of the questions that might arise is how SFH will distribute the chips among the various users and applications. Altman said that SFH will use a simple and fair mechanism based on demand and availability. He said that SFH will have a website where anyone can request chips for their projects or products.

He said that SFH will allocate chips according to the order of requests, the quantity of chips requested and the availability of chips in stock. He said that SFH will charge a nominal fee for shipping and handling, but otherwise the chips will be free of charge. He said that SFH will also publish regular reports on how many chips have been distributed, to whom and for what purposes.

Altman acknowledged that his plan is ambitious and risky, but he also expressed confidence that it is feasible and necessary. He said that he has already secured commitments from some of the world’s leading investors, entrepreneurs and scientists to support his initiative. He also invited anyone who shares his vision to join him in making it a reality. He said that he will provide more details about SFH in the coming weeks and months.

Altman concluded his blog post by saying: “I believe that semiconductors are the most important technology of our time. They are the foundation of everything we do and everything we aspire to do. By building more semiconductor factories, we can accelerate the pace of innovation, improve the quality of life for billions of people and create a brighter future for humanity.”

Herbert Wigwe, 2018 Tekedia Businessperson Of The Year, has died

By
Ndubuisi Ekekwe
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0
Herbert Wigwe, one of Nigeria’s finest bankers and 2018 Tekedia Businessperson Of The Year, has died. Bloomberg reports that he died in a helicopter crash in Southern California, along with other people, including some of his family members.
 
As I wrote when I chose him as the businessperson of the year – “For that bravado and vision, knowing that in a digital banking future, marginal cost is everything, and scale improves competitiveness, I have chosen Herbert Wigwe as my Businessperson of the Year” – Herbert had an uncommon capability to think big.
 
Nigeria and indeed Africa mourn one of its finest entrepreneurs and businessmen. Our condolences to everyone affected by this tragedy, and pray for strength to overcome.

Best Super Bowl Betting Sites in Canada to Make Your 1st Super Bowl Bet

By
TI Partners
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0

It’s time for the Super Bowl and NFL fans in Canada have a chance to get up to $1,000 in free bets at BetOnline. Get your funds ready now so you can make the most of this amazing Betting experience. Don’t forget that Sunday will bring an unbelievable game filled with thrills and excitement.

How To Bet On The 2024 Super Bowl From Canada

Are you unsure of how to place a bet on the Super Bowl? While it’s fairly straightforward, to ensure you do not make a costly mistake, just follow these simple steps for how to bet money on the Super Bowl:

  • Step1: Review the sports betting sites that we recommend and decide which one is best for you.
  • Step 2: Open an account with that sportsbook and make your first deposit. Don’t forget to take advantage of the welcome offer.
  • Step 3: Navigate the site/app to the football section and locate the markets (props, futures, moneyline, point spread, totals) being offered for the Super Bowl.
  • Step 4: Click on the odds for the market you want to bet on.
  • Step 5: When the betting slip appears, enter the amount you wish to wager (but no more than what you have in your account).
  • Step 6: When you’re ready, click on ‘place bet’ and enjoy the game.

 >>>Claim Your Bonuses Now<<<

Best Super Bowl Betting Sites In Canada for New Bettors

  1. BetOnline – 25 Years of experience with Betting –  C$1000 Welcome Bonus
  2. BetWhale – Best Crypto Betting Option For Super Bowl 58
  3. EveryGame – Biggest Betting Brand for Canadian Players – C$400 Bonus
  4. MyBookie – Extensive prop bets available – C$500 welcome bonus
  5. XBet –  Newest Super Bowl betting brand –  100% up to C$500 Welcome Bonus
  6. BetUS – Super Bowl – C$2500 of Free-Bets Available

How To Place A Bet On The Super Bowl Online In Canada

BetOnline makes wagering on the Super Bowl a breeze! Their extensive selection of markets means selecting your bets is simpler than ever before. All you have to do is choose a favorite, click the button, and leave everything else in your hands.

If you’re ready to start betting, here’s how:

  1. Become a member today and make an initial deposit of C$2000
  2. Unlock your $C1000 bonus bet
  3. Enter the football betting page
  4. Choose your Super Bowl wager and place it in the betting slip
  5. Secure your wager and place your Super Bowl bet

Best Super Bowl Betting Sites Canada Reviewed

Let’s now discover exactly why our researchers rate these top Canadian Super Bowl Betting Sites, in the following sportsbook reviews.

BetOnline – Most User-Friendly Of NFL Live Betting Apps

BetOnline is undoubtedly one of the best Super Bowl betting sites in Canada. A complete all-round wagering brand, BetOnline allows you to enjoy a top-class NFL, NBA, racebook, and online casino. Within the revamped sportsbook, you can bet on esports and virtual sports too.

BetOnline provides an intuitive and user-friendly app, making in-play betting on the NFL simple. The odds are highly competitive, with hundreds of betting lines and props available for both teams and players.

Funding your BetOnline account is so easy, courtesy of a variety of payment options. Traditionalists can enjoy secure banking methods like Visa and Mastercard, but BTC is also an option if you prefer cryptocurrency. In fact, there’s even a range of special Bitcoin promotions, offering bigger than usual bonuses for those depositing in crypto coins.

Speaking of bonuses, be sure to register using the BetOnline promo code BET1000 if you’re new to the sportsbook. Doing so will earn you a 50% deposit match offer worth up to C$1,000. Players wanting to wager on the Super Bowl live market can also claim a risk-free bet worth C$25.

 >>>Claim Your Bonuses Now<<<

Everygame – Improved Super Bowl Betting Suite & Deep Futures Market

EveryGame has decades of experience serving the Canadian market, so its Super Bowl NFL offering, in general, has always been loaded. Players can wager on the moneyline, spread, and totals markets ahead of every regular and postseason game, or back teams/players to win in the futures markets.

Where live betting Super Bowl is concerned, Everygame added a live suite in 2021 and revamped the interface during the 2022 season. You can wager on every game while it is in play at competitive odds but the graphical display is still below par in our opinion, and there are no in-house stats/metrics or live streaming options. It’s a no bells and whistles approach but it does the job!

One area that Everygame really does shine in both pre-game and in-play is parlays: odds boosts are added regularly, and players can win up to C$1,000 by entering the Parlay Prince contest or enter into raffles to win 20x $50 free bets if one leg of a five-leg parlay fails. There are also a host of bonuses that can be used in tandem with NFL live betting just by entering Everygame promo codes 3XBOOST250 when prompted, plus a huge deposit match welcome offer that’s available for newcomers.

 >>>Claim Your Bonuses Now<<<

MyBookie – The Place To Be For Super Bowl Playoffs Betting

MyBookie sportsbook has worked hard to earn a positive reputation. The online bookmaker is especially well-known for its Canadian sports offering, but they have plenty of experience in international sports like NBA, cricket, rugby, and even horse racing. However, if it’s generous Super Bowl Playoffs live betting odds you’re after, this is the place to be.

The MyBookie Super Bowl betting site is extremely easy to use. The design is minimalist, but that lack of clutter just helps pages to load faster and in-play odds to refresh quicker. There’s a plethora of markets available and the prices are some of the best around.

The generosity doesn’t just end with the odds though, thanks to a multitude of bonuses and promotions. Reload bonuses, cashback rebates, and all kinds of goodies lie in store for regular players. Not to mention a selection of enhanced offers for cryptocurrency users and other promotions for the MyBookie casino.

New players can register with the MyBookie promo code MYB50 to pick up a nice little 50% deposit match bonus of up to C$500.

 >>>Claim Your Bonuses Now<<<

XBet – One Of The Top Crypto-Friendly Super Bowl Betting Sites

Another top Super Bowl betting site for Canadian users is XBet. You can deposit several crypto tokens too, alongside more traditional payment methods, including Bitcoin Ethereum, Ripple, and Litecoin. Plus the limits on deposits and withdrawals are more than fair, making the site as accessible to part-time bettors as it is to high-rolling VIP players.

In terms of the sportsbook, you’ll be spoiled for choice. Not only are there plenty of football markets to choose from, including futures, pre-match and in-play lines. But XBet also excels in other Canadian sports, offering one of the best NBA and tennis betting products. Follow all of the action via an array of live streams and place bets easily thanks to the user-friendly interface.

A notable example is that of the welcome offer. Join the sportsbook using the XBet promo code XBET50 and collect a 100% deposit bonus worth a possible C$500. You’ll only need to play the bonus funds through 7x, which should be no problem at all given the sheer number of betting opportunities.

 >>>Claim Your Bonuses Now<<<

BetUS –  Top Super Bowl Betting Site for Live Betting Promos

With hundreds of football betting opportunities, including props, point spreads, totals, and moneyline markets, BetUS is one of the best North America’s premier sportsbooks.

Among the more exotic markets, you’ll find all kinds of interesting props. “Which team will score the longest touchdown?” is always a fun wager to get involved with. BetUS is also among the best Super Bowl betting sites.

Further, there are dozens of international sports on which to bet, not to mention a full casino product. The clean and user-friendly interface makes it easy to wager whether using your desktop or mobile device. And the friendly support team is on hand 24/7 should anything ever go wrong.

Finally, a word about the range of bonuses and promotions. There are many to choose from, including a number of specially enhanced Bitcoin bonuses. The welcome offer is a standout example, with a 200% match available for new players using the BetUS promo code FIRST200. Do note, however, that the standard signup offer is a lower 125% match worth up to C$2,500 – but that’s still pretty good!

 >>>Claim Your Bonuses Now<<<

Most Popular Markets For Super Bowl Betting

There are literally hundreds of different football betting markets available at our top-rated Canadian Super Bowl sportsbooks. However, the following three are undoubtedly the most popular with bettors.

Moneyline

The moneyline is the simplest market of all, which likely explains its popularity. All you need to do is predict which team wins the game. It doesn’t matter whether it’s the Superbowl or a regular season fixture, there will always be Super Bowl betting odds available for the moneyline.

Totals

There are different types of total on offer, but they are often centered around the combined performance of the two teams. The aim of the game is to predict whether there will be a higher or lower number.

For example, over/under 51.5 points scored in the game. If the score is 24-20, that’s a total of 44, which means bets on under would win.

Spreads

Point spread betting is a form of handicapping. Where one team is significantly better than the other, their odds will not be very attractive. So to bring the teams closer together, bookmakers will add a handicap to the underdog.

For instance, the spread may be +4, meaning that the underdog has an extra 4 points added to their team total. For the favorite to win, they now need to score at least 5 points more than their opponents.

How To Sign Up To Super Bowl Betting Sites in Canada

For most new users, getting through the registration process can be the hardest part about betting online. With that being said, the best Super Bowl betting sites make signing up for an account a quick and easy process. Most times, new users can create an account, add funds, and start betting within a few clicks.

Below, we’ll walk Canadians through the signup process at BetWhale, one of the best Super Bowl betting sites in Canada.

Step 1: Visit BetWhale

In order to begin the registration process, new users will have to open their web browser and visit BetWhale. For quick access, readers can simply click this BetWhale link.

Step 2: Sign Up

Once the main page has loaded members can click “Join” to proceed to the next step.

Step 3: Enter Personal Details

Since sports betting is subject to legal ramifications, new members will have to input and verify some of their personal information. New members will have to disclose their email, name, and date of birth. They will also be asked to set up account information, including a username, password, and four-digit security code.

Step 4: Complete Registration Process

Before signing up at BetWhale, members must agree to the terms and conditions, privacy policy, and rules. After entering accurate account information, members can check the appropriate boxes to agree to the terms and receive emails about bonuses or other promotions.

Step 5: Select Welcome Bonuses

Next, new members will be prompted to choose their welcome bonus offer. At Sports Interaction, new members can receive up to C$150 in free bets on their first deposit. To choose your bonus offer, simply click “Select this bonus”.

Step 6: Deposit Funds

After choosing the welcome bonus, Canadian members will be shown a list of accepted payment options. Simply select a payment method by clicking on the appropriate icon and type in the value of your deposit. Once members are ready to proceed, they can complete their transaction by clicking the “Deposit” button.

Where is the Super Bowl in 2024?

The Super Bowl will turn 58 in 2024, and it should be the biggest ever from a betting perspective. Here’s when and where to watch.

  • Date: Feb. 11, 2024
  • Kickoff: 6:30 p.m. ET
  • Location: Allegiant Stadium in Las Vegas, NV
  • Capacity: 72,000 for Super Bowl
  • Halftime: Usher
  • Broadcast/streaming: CBS

Conclusion

Thank you for reading our Best Super Bowl betting sites in Canada guide. We’ve covered a lot of ground and we hope that you’ve taken away some useful pearls of wisdom.

Now that you’re a fully-fledged expert in Super Bowl sports betting, it must surely be time to place a few bets. Head on over to our top-ranked sportsbook BetWhale to pick up a $1,000 welcome bonus.

Why Join BetWhale To Bet On The Super Bowl In Canada?

Canadians from coast to coast are entrusting BetWhale for their Super Bowl Sunday bets, and here’s why:

  • All adults aged 18+ are allowed to place bets.
  • winnings are Not taxed
  • Safe Betting
  • Crypto is available for bettors

 

 >>>Claim Your Bonuses Now<<<

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