DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 3729

As The Hong Kong Crypto Hub Chronicles Progress, Top 2023 Coins Emerge; Comparing Toncoin, Polygon & Big Eyes Infinity

By
TI Partners
-
0

As a testament to the innovation and constant progression of the modern world, the Hong Kong crypto hub scenario was set in motion, impacting the entire financial sector. The city, long known for its economical prowess, has recently licensed a HashKey crypto exchange, and is now setting its sights on becoming a centre for blockchain activity. But what does this news mean for cryptocurrencies like Toncoin (TON), Polygon (MATIC), and Big Eyes Infinity (BIGINF)? Let’s delve in deeper and find out.

Hong Kong Crypto Hub in The Making

Aiming to become a bustling metropolis where traditional finance meets cutting-edge technology, Hong Kong has granted Type 1 and Type 7 licences to a HashKey crypto exchange, propelling wider DeFi adoption. With an ambitious goal of reaching between 500,000 to 1 million retail users by the end of 2023, and a noble goal of bringing the world of blockchain to everyday people, HashKey is soaring through the financial universe, gaining more and more support as time goes by. This cosmic development is certain to not only make the Hong Kong crypto hub vision come to life, but to also affect currencies like Toncoin, Polygon and Big Eyes Infinity.

Expect a Toncoin Value Surge

Launched in 2018 as the “Telegram Open Network”, Toncoin has been through some exhilarating ups, and some devastating lows, yet its impressive scalability and a flexible architecture made it persevere. Lifted time and time again by its devoted followers, TON has experienced the power of a strong passionate community. With the latest Hong Kong crypto hub news, it has another shot at reaching its full potential, rewarding those who stood for TON through thick and thin.

Capitalising on the strength a loyal community boasts, Big Eyes Infinity exudes a people-centric approach, attracting countless followers to its social media pages. With thousands of people already in the Cat Crew, BIGINF is certain to ride the crypto wave, exploding beyond just the humorous realm, and finding its way into the top of altcoin charts. As you witness the inevitable Toncoin value increase, don’t miss out on Big Eyes Infinity and its boundless potential.

Polygon Price Predictions

Having worked tirelessly to address the issues of slow transactions and high gas fees, Polygon, an improved and innovative Ethereum scaling solution, carved its own niche in the market, attracting the attention of Layer 2 fans. With the Polygon price expectations already reaching as high as $0.87 by the end of 2023, the Hong Kong crypto hub narrative is only bound to propel it to surge even more.

<< For All Things Big Eyes Infinity, Including The Presale >>

Breaking free from the harmful misconception about meme coins, Big Eyes Infinity put emphasis on utility and practicality, appealing to investors from all nooks and crannies of the crypto universe. BIGINF, the fueling power of the 819 Casino, is certain to explode as soon as this wonderful gaming hub officially launches. And with the widespread altcoin adoption started by the HashKey crypto exchange acceptance, Big Eyes Infinity will be making headlines in no time.

Big Eyes Infinity Part Of The Hong Kong Crypto Hub?

Embodying the very essence of crypto, Big Eyes Infinity is all about community, transparency, utility and profits. Striving to evoke a sense of loyalty and belonging from the very start, all BIGINF tokens will be safely and smoothly airdropped to holders, and the official launch will happen only on a DEX platform. Don’t worry about having to claim your tokens ever again, the Big Eyes’ cat has got your back.

The Hong Kong crypto hub vision taking shape shows there are no limits to your dreams. So stop passively envisioning a bright future, take matters into your own hands, and invest in BIGINF early on. While MATIC and TON are poised to bring significant profits, just a small step between stage 1 and 2 of Big Eyes’ presale guarantees a 150% price increase, making Big Eyes Infinity an actual altcoin gold mine. You better start digging!

 

Big Eyes Infinity (BIGINF):

Presale: https://buy1.bigeyes.space/

Website: https://bigeyes.space/

Telegram: Contact@BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

 

Litecoin Halving Event Shadows Tron While Signuptoken.com Foresees A Lustrous Presale

By
TI Partners
-
0

Litecoin Halving Event is the talk of the crypto town! If you are a crypto genie then definitely this question flies by your thoughts: Could this event potentially enable Litecoin (LTC)  to surpass Tron (TRX) in the market? Tron being a visionary in revolutionizing the entertainment industry by leveraging blockchain technology has already marked its presence as a strong opponent among its competitors. Hence, Litecoin is on its way to overtaking Tron with its much anticipated Litecoin Halving event. On the other hand, Signuptoken.com (SIGN), is on its toes to outshine them all in the crypto space.

In this article, we learn the fortunes and mishaps that await the AI-backed Crypto-landscape amidst the Litecoin halving event. We will also discuss how this event stacks up against Tron’s ongoing momentum and how this opens brighter opportunities for the newbie Sign Up Token in its presale phase.

Litecoin: The Magnificent Trailblazer

Litecoin is often hailed as the ‘silver to Bitcoin’s gold’, and has garnered attention due to its speed and efficiency in transaction processing. The upcoming Litecoin halving event, which occurs approximately every four years, is a critical factor that distinguishes Litecoin from other cryptocurrencies. During this event, the rewards miners receive for validating transactions are halved, reducing the rate at which new Litecoins are generated. This scarcity mechanism has historically led to price surges in the NFT marketplace.

Litecoin has witnessed significant price rallies post-halving, suggesting that scarcity indeed influences its value. This pattern is driven by the decreased supply of new coins, increasing the scarcity of Litecoins in circulation. Litecoin’s integration of AI revolves around data analysis and pattern recognition. AI algorithms analyze trading patterns, market sentiments, and social media trends to provide insights to traders and investors.  As investors anticipate scarcity, demand often outpaces supply, resulting in upward price pressure.

Tron: The T-Rex Of NFT Marketplaces

Tron (TRX) is a prominent figure that focuses mainly on decentralized entertainment and content-sharing platforms. The Tron network has made strides in integrating blockchain technology with media and entertainment, capturing a niche market. While not linked to halving events like Litecoin, Tron has maintained its relevance through consistent partnerships, development updates, and strategic acquisitions.

The comparison between Litecoin and Tron extends beyond the realm of halving events. While Litecoin’s halving events provide short-term price catalysts, Tron’s long-term success has been attributed to its ability to leverage blockchain technology for real-world applications. Litecoin’s primary focus remains on transactions and payments, positioning it as a potential digital equivalent of cash, whereas Tron’s entertainment-focused approach caters to a specific industry niche. 

The Rise Of Signuptoken.com

Sign Up Token (SIGN), launching itself with a breath of fresh air in the digital financial ecosystem. The project opens its gates free of charge to the growing community – all it takes is a simple registration with your email, and you’re all set to shower in the riches!

Cementing its distinctive identity further, Sign Up Token revolutionizes the concept of crypto presales. The SIGN presale doesn’t operate in stages but embraces a continuous progression. With each purchase, the token price increments by a mere $0.01 and opens its doors to Uniswap once the SIGN community balloons to one million members. Initially stepping into the market at a modest $0.01, the SIGN token assures an enticing 72x return, as it’s slated to debut at an alluring launch price of $0.72.

During the presale phase, investors have the chance to buy tokens often at a discounted price when juxtaposed with their potential market value. This method proves especially seductive in a climate where traditional cryptocurrencies have to navigate choppy market waters and regulatory whirlwinds.

A Dynamic Crypto Landscape Awaits You

The upcoming Litecoin halving event introduces an intriguing dynamic to the crypto market. However, Tron’s steady momentum and industry-specific applications contribute to its ongoing relevance. While Litecoin and Tron cater to established niches, Signuptoken.com addresses the user onboarding challenge while maintaining regulatory compliance. This opens new avenues for this newbie to explode its presale on the NFT market.

 

For More On Sign Up Token:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

BUA Group Cuts Cement Price to N3,500 per bag from Monday

By
Samuel Nwite
-
2

BUA Cement Plc has announced a significant reduction in the price of its cement product, with effect from Monday, October 2, 2023. The new price will be set at N3,500 per bag, down from its previous price of N4,650.

This price reduction comes after BUA Cement’s Chairman, Abdul Samad Rabiu, held discussions with President Bola Tinubu and committed to reviewing the product’s pricing. BUA Cement stated that this decision aligns with its mission to support development in the building materials and infrastructure sectors.

The move is expected to have a positive impact on the construction industry and make cement more affordable for builders and developers. Previously, cement was being sold on the market for as high as N5,000 per bag.

The statement released by the company said: “We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.

“As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.

“Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.”

Construction industry stakeholders raised alarm over the high of cost cement in the country. Recently, the Minister of Works and Housing, Dave Umahi, claimed that it’s cheaper to import cement than buy from local manufacturers – mainly – Bua and Dangote cement.

The statement triggered a national discussion around the impact of the high cost of cement in construction in the country.

Against this backdrop, Abdul-Samad Rabiu, Chairman of BUA Group, indicated his company’s intention to reduce cement prices during a visit to President Bola Tinubu at Aso Rock last month. In line with this commitment, BUA Cement has now officially announced the price reduction to N3,500 per bag.

In addition, the company said any outstanding and paid-for orders at the previous prices will be adjusted to the new pricing of N3,500 per bag. This move is aimed at making cement more affordable and supporting development in the construction and infrastructure sectors.

The market price is expected to be between N3,850 and N4,000 following the drop.

It is not clear if this move will force the market’s major competitor, Dangote Cement, to also cut down prices. Dangote’s cement sells from N5,000 to N5,300 per bag.

Nigeria Offers Organized Labour N35,000 Wage, Monthly N25,000 to 15m Households to Avert Strike

By
Samuel Nwite
-
0

President Bola Tinubu has approved a series of measures, including an N35,000 provisional wage award for all treasury-paid federal government workers for six months, following a meeting between the federal government and the leaders of organized labor.

The four-hour meeting was aimed at averting the proposed nationwide strike by organized labor, which was billed to take effect from October 3. The federal government delegation at the meeting, which was held at the State House, Abuja, was led by the Chief of Staff to the President, Hon Femi Gbajabiamila.

The labor delegation led by the Nigerian Labour Congress (NLC) President, Joe Ajaero, Dr. Tommy Etim Okon, Deputy President, of Trade Union Congress (TUC), NLC General Secretary, Emma Ugboaja, TUC General Secretary, Nuhu Toro, among others, had clamored for a wage increase as a way to cushion the effect of fuel subsidy removal.

A statement released by the Minister of Information and National Orientation, Mallam Mohammed Idris, noted that Tinubu also approved the payment of N75,000 to 15 million households at N25,000 per month, for a three-month period from October-December 2023.

It says: “The Federal Government, on Sunday, October 1, 2023, met with the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) on measures to address the dispute arising from the removal of subsidy on Premium Motor Spirit (PMS).

“The parties noted the following:

“i) The Federal Government has announced N35,000 only as a provisional wage award for all treasury-paid federal government workers for six months following further consultation with President Bola Tinubu.

“ii) The Federal Government is committed to fast-tracking the provision of Compressed Natural Gas (CNG) buses to ease public transportation difficulties associated with the removal of PMS subsidy.

“iii) The Federal Government commits to the provision of funds for micro and small-scale enterprises.

“In light of the discussions held during the meeting, the following were the major highlights:

“The Federal Government urged the Labour unions not to embark on strike action as the issues in dispute can only be resolved when workers are at work.

“Labour Unions made case for higher wage award. A sub-committee is to be constituted to work out the details of the implementation of all items regarding government interventions to cushion the effect of fuel subsidy removal.

“The Federal Government commits to the provision of funds for micro and small-scale enterprises.

“VAT on diesel will be waived for the next 6 months.

“The Federal Government will commence payment of N75,000 to 15 million households at N25,000 per month, for a three-month period from October-December 2023.”

“The issues in dispute can only be resolved when workers are at work and not when they are on strike.

“Labour Unions argued for higher wage awards and the Federal Government Team promised to present Labour’s request to President Bola Tinubu for further consideration.

“A sub-committee to be constituted to work out the details of implementation of all items for consideration regarding government interventions to cushion the effect of fuel subsidy removal.

“The lingering matter of Road Transport Employees Association of Nigeria (RTEAN) and National Union of Road Transport Workers (NURTW) in Lagos State needs to be addressed urgently and Lagos State Governor, Babajide Sanwo-Olu, who participated virtually, pledged to resolve the matter.”

The leadership of the major wings of organized labor, the NLC, and the TUC, said they will consider the offers by the federal government with a view to suspending the planned strike to allow for further consultations on the implementation of the resolutions above.

State-Owned Enterprises in Africa Generate estimated $75B in Revenue

By
Paul Ugbede Godwin
-
0

According to a recent report by the African Development Bank (AfDB), state-owned enterprises (SOEs) in Africa have generated an estimate of 75 billion in revenue in the last fiscal year. This represents a significant increase from the previous year, when SOEs accounted for 65 billion in revenue. The report attributes this growth to several factors, such as improved governance, increased efficiency, and enhanced competitiveness of SOEs in various sectors.

Some of the challenges faced by SOEs are:

Governance and accountability: SOEs often operate under different rules and regulations than private sector firms, which may create conflicts of interest, political interference, corruption, or lack of transparency. SOEs may also have multiple and unclear objectives, such as social, environmental, or strategic goals, that are not aligned with their financial performance. Moreover, SOEs may lack effective oversight and monitoring mechanisms, such as independent boards of directors, external audits, or performance evaluations.

Competition and market distortions: SOEs may enjoy preferential treatment from the government, such as subsidies, tax exemptions, guarantees, or access to credit, which may give them an unfair advantage over private competitors. Conversely, SOEs may also face regulatory barriers or restrictions that limit their ability to operate in certain markets or sectors. Additionally, SOEs may face political pressure to maintain employment levels or prices, which may reduce their incentives to innovate or improve their productivity.

Financial sustainability and efficiency: SOEs may face financial difficulties due to low profitability, high debt levels, or insufficient capitalization. SOEs may also suffer from operational inefficiencies, such as overstaffing, outdated technology, or poor management practices. Furthermore, SOEs may face challenges in accessing capital markets or attracting private investment, due to their perceived riskiness or lack of credibility.

These challenges pose significant risks for the fiscal health and economic development of the countries where SOEs operate. Therefore, it is crucial for governments to adopt sound policies and reforms to improve the performance and governance of SOEs. Some of these policies and reforms may include:

Clarifying and prioritizing the objectives and roles of SOEs and ensuring that they are consistent with the national development strategy and the public interest. Strengthening the legal and regulatory framework for SOEs and ensuring a level playing field with private sector firms.

Enhancing the governance and accountability of SOEs, by establishing clear ownership arrangements, independent and professional boards of directors, transparent reporting and disclosure standards, and effective oversight and evaluation mechanisms.

Promoting the financial sustainability and efficiency of SOEs, by reducing or eliminating subsidies and guarantees, improving their cost recovery and pricing policies, optimizing their capital structure and debt management, and encouraging operational improvements and innovation.

Fostering the participation of the private sector in SOEs, through various forms of partnership, such as joint ventures, concessions, leases, management contracts, or privatization.

The report also highlights some of the challenges and opportunities that SOEs face in the current global context. It notes that SOEs have to balance their commercial objectives with their social and environmental responsibilities, as well as cope with the impacts of the COVID-19 pandemic and the climate crisis. It recommends that SOEs adopt best practices in transparency, accountability, and innovation, and foster partnerships with the private sector and civil society.

By addressing these challenges and implementing these policies and reforms, governments can ensure that SOEs contribute positively to the economic growth and social welfare of their countries. The report concludes that SOEs have a vital role to play in advancing sustainable development and achieving the 2030 Agenda. It calls for more research and dialogue on how to leverage the potential of SOEs to contribute to economic growth, social inclusion, and environmental protection.

The report also highlights the potential benefits of SOEs for African development, such as providing public goods and services, promoting industrialization and diversification, creating employment and income opportunities, and mobilizing domestic resources. SOEs can contribute to the achievement of the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063.

1...3,7283,7293,730...8,165Page 3,729 of 8,165

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy