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The Buhari’s Victimhood As Nigeria Digs on Emefiele

By
Ndubuisi Ekekwe
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0

Poor Emefiele as they continue to dig for him: “Presidential spokesperson Ajuri Ngelale has made startling allegations against the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, accusing him of depleting the country’s foreign reserve without the consent of former President Muhammadu Buhari. Speaking in an exclusive interview with TVC, Ngelale asserted that Emefiele made significant financial decisions without the approval of the former president, resulting in the expenditure of billions of dollars from the foreign reserve without proper authorization.”

The shame in all these is this: the president who did not know what was happening under his government is now projected as a VICTIM instead of the Nigerian people. Good People, the way we play politics in Nigeria is pre-ancient. I mean,  all of them gathered a few weeks ago, in a book launch, trumpeting Buhari’s government, as they marked a clean distinction between him and those who worked under him.

Sure – not in support of Emefiele. But I think if Nigeria wants to get to the root of the demons which cracked our economy with many financial rascalities, they need to be fair with open minds to also ask the president “how did this happen under your watch, Mr. General?”

During Christmas, around Umudinja Ovim junction, I saw young men pointing: that is General Buratai, ex-Nigeria’s Army boss. Yes, we saw the general as he visited the Ovim generals.

And the respect even from the most stubborn guys was evident: generals are around, behave! I hope that was the same respect General Buhari commanded in his government. But it does not seem so, if someone could be accused of withdrawing $billions in his government without his knowledge!

Emefiele took billions of dollars from Nigeria’s foreign reserve without Buhari’s approval

Viral Alert: BlockDAG’s Keynote Address Captures Worldwide Attention With 10,000x ROI Potential

By
TI Partners
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0

BlockDAG (BDAG) has recently made headlines with its keynote, captivating the crypto community and sparking an extraordinary presale movement. This pivotal event places BlockDAG at the heart of the digital revolution, capturing the focus of a wide array of cryptocurrency enthusiasts. From seasoned investors to curious newcomers, the crypto world keenly observes BlockDAG as it aims to transform the blockchain technology landscape.

Extraordinary Presale Success Post-Keynote

The keynote has transcended a mere presentation, morphing into a catalyst that has electrified the crypto sphere and accelerated presale activities. This presentation, which has rapidly gained popularity, provided an in-depth view of BlockDAG’s ambitious goals, targeting a remarkable $600 million valuation by 2024.

BlockDAG keynote outlined the network’s commitment to stability and growth, projecting it as a cornerstone of cryptocurrency success. The presale’s immediate success was underscored by the swift $1 million raised within the first day. With the second batch priced at $0.015 per BDAG coin, early participants are poised to achieve a return of over 5000x once BlockDAG debuts on significant exchanges at an anticipated $0.05.

The keynote offered a strategic and transparent vision for BlockDAG, emphasising a timeline that includes launching the mainnet in six months. Setting a bold $600 million valuation goal by 2024, the team demonstrates confidence in BlockDAG’s potential to lead the market. The presentation parallels Kaspa’s significant growth, suggesting that BlockDAG’s trajectory could mirror or exceed such milestones.

Surging Interest and Market Enthusiasm

Post-keynote, BlockDAG’s presale has seen heightened interest from individual and institutional backers. Speculation about the tech luminary behind BlockDAG has bolstered its profile, projecting a bright market future and substantial growth potential.

Analysts predict a staggering potential for BDAG’s value to soar by 10,000x post-launch, underlining the profound impact of BlockDAG’s technology and market approach. As the presale reaches new heights, BlockDAG embarks on a historic path, defining a new era in the cryptocurrency sector.

BlockDAG’s Keynote: Igniting a New Era

BlockDAG is celebrated as a catalyst for innovation in the cryptocurrency landscape. The keynote rekindled interest and trust in its vision. Its commitment to innovation and high-return potential resonates with investors, driving significant presale activity.

With growing momentum, BlockDAG’s novel strategy is attracting a broad spectrum of individuals, from experienced investors to crypto novices. This surge of interest is a testament to BlockDAG’s growing influence and potential to redefine digital finance principles.

The keynote video is a comprehensive guide for those looking to delve into BlockDAG’s unique attributes and strategic roadmap towards revolutionising blockchain technology. Positioned to leave a lasting impact on the industry, BlockDAG offers a prime opportunity for early backers to gain the most from their investment.

 

Be part of the crypto mining future with BlockDAG:

 

Invest In BlockDAG Today

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Bitcoin Rally: Evaluating The Impact of El Salvador’s Adoption of The Crypto Asset

By
Ojukwu Emmanuel
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0

The price of Bitcoin has continued to move on an upward trajectory, as the price of the crypto asset has recently broken above the $70k mark.

The world’s most traded cryptocurrency rallied over 10% during the past week and 47% during the past month, according to CoinMarketCap data. The new all-time high comes three days after Ethereum breached the $4,000 mark for the first time since December 2021.

Bitcoin’s bullish momentum can largely be attributed to increased institutional interest generated by the recently approved exchange-traded funds (ETFs) by the US Securities and Exchange Commission.

Since launch, the ETFs have amassed 4.06% of the current Bitcoin supply, surpassing $56.9 billion in total on-chain holdings, according to data from Dune.

As there are continued massive inflows of ETFs, on-chain data analysis examines how recent swings in investor sentiment could impact BTC’s prospects of reaching $75,000 in the coming week.

On the upside, crypto analysts predict that Bitcoin price could advance towards $80,000 if the ETF inflows rise further in the coming week. Bitcoin has hit a new all-time high 36 days before the much anticipated Bitcoin halving event set to occur on April 20, which will see mining rewards reduced from 6.25 BTC ($418,800) to 3.125 BTC ($209,400).

Bitcoin Rally And The Impact on El Salvador

Recall that on September 7, 2021, El Salvador adopted Bitcoin as a legal tender, making it the first country to do so. The move spearheaded by President Nayib Bukele aimed to promote financial inclusion, attract investment, and reduce theft amongst others.

Meanwhile, El Salvador’s adoption of Bitcoin was followed with widespread scrutiny after the IMF stated that the Latin American country’s adoption of a cryptocurrency as legal tender, entails large risks for financial and market integrity, financial stability, and consumer protection.

Following the criticism, President Nayib Bukele argued adopting Bitcoin is a way of offering digital banking to the great majority of the population, around 70 percent of whom don’t yet have a bank account.

After the adoption of Bitcoin, the price of Bitcoin plunged, with several analysts calling El Salvador’s move a flawed one. Meanwhile, President Nayib issued a statement that the best time to purchase the crypto asset was when the price was down.

Soon after, in December 2023, El Salvador President Nayib Bukele said the nation’s Bitcoin portfolio was in the black by about $3.6 million after being in the red for an extended period. 

Clapping back at all the naysayers who doubted his decision to purchase Bitcoin, Bukele took to X to declare his country’s controversial bet on Bitcoin is now paying off.

He wrote,

“El Salvador’s bitcoin investments are in the black. With the current bitcoin market price, if we were to sell our bitcoin we would not only recover 100% of our investment but also make a profit.

“It is important that the naysayers and the authors of those hit pieces take back their statements. The responsible thing to do would be for them to issue retractions, offer apologies, or, at the very least, acknowledge that El Salvador is now yielding a profit.”

In January 2024, El Salvador’s financial landscape also witnessed a notable improvement recently, with its dollar-denominated sovereign bonds showcasing an impressive rally. The country’s government bond, due in June 2035 with a 7.65% annual coupon, surged more than 200%

With the recent Bitcoin rally, renowned venture capitalist Tim Draper has predicted that El Salvador’s investment in Bitcoin will significantly enhance the nation’s standing in the global wealth hierarchy.

In his remarks, Draper emphasized Bitcoin’s transformative impact on El Salvador’s economic landscape, envisioning a future where the country could potentially liberate itself from financial dependence on institutions like the IMF.

He said,

“I mean, now [El Salvador] is taking off. They’ll be able to pay off the IMF [if] Bitcoin hits, I don’t know $100,000 and never have to talk to them again”.

He further projected that embracing Bitcoin could catapult El Salvador from one of the poorest and most crime-ridden nations to one of the wealthiest in just a few decades, eclipsing nations resistant to cryptocurrency adoption.

Amidst the recent rally in cryptocurrency prices, the performance of Bitcoin as a legal tender in El Salvador however warrants careful evaluation. While the surge in Bitcoin’s value may temporarily bolster confidence in the decision, the long-term sustainability and effectiveness of the adoption strategy remains uncertain.

The success of El Salvador’s Bitcoin experiment will depend on its ability to address the practical challenges of implementation, mitigate risks, and deliver tangible benefits to the Salvadoran people.

Bitcoin is Evolving As A Global “Systemically Important Coin” As UK Joins US on ETFs/ETNs

By
Ndubuisi Ekekwe
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1

Question: I like your recent note on Bitcoin, but why did you pick the $100k mark as the inflection point?

My Response: When bitcoin hits $100k, it will assume a new status and that is political. Because many retirement and pension funds are investing in BTC via ETFs which have been approved by the US regulators, any politician who goes after BTC will have to deal with electoral consequences because the value which would be affected will be consequential and will affect most workers. 

Simply, above $100k, politicians will have limited options because you have now a “systemically important coin (SIC)”, picking the analogy of SIFI: ‘a systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution that could trigger a financial crisis if it fails. SIFIs are also known as “too big to fail”’. As a coin, the future of Bitcoin is largely assured, post a $100k mark.

This comment explains it elegantly:

The cause of this, though, is that bitcoin is still a store of value, not a means of trade and exchange yet. The moment it becomes a fiat or accepted currency of trade … maybe that “well” will change to a “bell.”

Bitcoin’s total market  value is now more than the entire South Korean stock market and when it gets to 100k+ …it will transform the way fiat money  is viewed and with more people having faith in its  durability…it might just become a defacto systemically important world currency …to big to stop …to big to fail and too politically hot to touch. 

The prospect looks very scary when you consider the fact that the United States has used the dollar as a weapon of sanctions. If the world congregates and adopts Bitcoin, assuming that it can evolve into a means of exchange at scale, what would be the long-term future of the US dollar? Also, for currency traders, why waste time with fiat currencies when the supreme currency is available. I do posit that the US wants that supreme coin to feel good in America.

Today, the UK regulators joined the US: “The Financial Conduct Authority (FCA) will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK listed market segment for cryptoasset-backed Exchange Traded Notes (cETNs). These products would be available for professional investors, such as investment firms and credit institutions authorised or regulated to operate in financial markets only.”

BlockDAG’s Keynote Spurs Unprecedented Presale Success Amid 5000x ROI Potential

By
TI Partners
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0

BlockDAG (BDAG)‘s recent keynote has been one of the biggest trends in the crypto space, capturing the entire industry’s attention and igniting a presale phenomenon. This pivotal presentation has set the stage for what many call a digital finance revolution, with BlockDAG at the helm, steering the future of decentralised finance.

Discover that this incredible project is redefining the concept of cryptocurrency investment with innovation and advanced technological approaches.

The Buzz Around BlockDAG’s Visionary Keynote

BlockDAG’s keynote has piqued interest and sparked a wildfire of enthusiasm across the cryptocurrency world. Investors from various backgrounds, whether experienced veterans or curious newcomers are all drawn to BlockDAG’s bold vision of reshaping blockchain technology’s landscape. The keynote, which rapidly went viral, provides a compelling glimpse into BlockDAG’s future, positioning the project to achieve a remarkable $600 million valuation by the end of 2024.

The excitement generated by the keynote has translated into tangible success, as evidenced by the rapid sell-out of BlockDAG’s initial presale batch, which amassed an impressive $1 million within the first 24 hours. With the price set at $0.015 per BDAG coin in Batch 2, early investors are hopeful for a significant windfall, potentially reaping over a 5000x return as the coin launches on major exchanges at $0.05.

The keynote’s impact extended beyond individual investors. It attracted institutional attention and set a new presale record for BlockDAG, demonstrating the widespread belief in the project’s groundbreaking potential.

A Transparent and Ambitious Roadmap

BlockDAG’s strategic vision, as detailed in the keynote, is marked by clarity, transparency, and meticulous planning. With a well-defined roadmap leading to the mainnet launch within six months, BlockDAG showcases its dedication to turning ambitious goals into reality. The project’s target to reach a $600 million valuation by 2024 reflects the team’s confidence and commitment to establishing BlockDAG as a dominant force in the crypto market.

Drawing inspiration from Kaspa’s impressive growth, the keynote illustrates BlockDAG’s potential to match and exceed such historical returns, bolstered by a robust ecosystem and strategic presale momentum.

BlockDAG’s Historic Market Impact Will Endure

The keynote’s release has triggered an influx of investments, with top crypto whales and market analysts throwing their weight behind BlockDAG. The excitement around the project’s tech visionary leader further amplifies its allure, making BlockDAG a focal point of market interest and speculation. Some analysts project even more optimistic figures, forecasting a 10,000x increase post-launch, underscoring BlockDAG’s innovative approach and solid market potential.

BlockDAG’s keynote is more than just an announcement; it’s a landmark event in the cryptocurrency sector, likened to the iPhone moment in tech history. It signifies a transformative shift in the crypto world, setting a new benchmark for innovation, investment potential, and market evolution.

Join the Presale Frenzy

As BlockDAG’s presale momentum builds, the project’s visionary stance is attracting diverse participants eager to participate in this transformative journey in digital finance. For those looking to delve deeper into BlockDAG’s offerings and strategic vision, the keynote video is a gateway to understanding the project’s comprehensive roadmap and the exciting opportunities it presents.

BlockDAG stands at the precipice of redefining the cryptocurrency landscape. Offering a unique blend of innovation, strategic growth, and unparalleled investment potential, it will mark a new chapter in the annals of digital finance history.

 

Join the presale now before it ends

 Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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