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Bitcoin Price Drops As Ripple Soars: An Insightful Look At Signuptoken.Com For A Diverse Crypto Portfolio

By
TI Partners
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0

In the volatile world of cryptocurrencies, Bitcoin (BTC) Price has been enduring a challenging period, witnessing a drop below $30,000 while Ripple (XRP) continues to soar. As a crypto investment advisor, it’s essential to analyze whether this situation is likely to change or persist. Amidst these market dynamics, Signuptoken.com (SIGN) introduces itself as a new cryptocurrency with an innovative approach to community-building. This article aims to provide valuable insights for crypto investors, traders, and enthusiasts seeking to diversify their portfolios with an alternative to Bitcoin.

Bitcoin Price Drops and XRP’s Surge

Over the past weeks at the time of writing, Bitcoin’s price has experienced fluctuations, and it is currently below the $30,000 mark, causing concern among investors. On the other hand, XRP has been on a remarkable upward trajectory, experiencing a 2.4% increase in the last 24 hours and an impressive 60% gain over the past week due to a favorable legal ruling. For crypto enthusiasts observing these trends, it is crucial to assess whether this is a temporary situation or a more extended trend.

Signuptoken.com Leaderboard & Referral Mechanism

Amidst the changing crypto landscape, Signuptoken.com (SIGN) offers an intriguing concept for those seeking an alternative investment. What sets SIGN apart is its unique community-building strategy, allowing individuals to join the platform by merely registering their email addresses at no cost. The project aims to release its tokens once it reaches one million email subscriptions, fostering a sense of community participation and engagement.

Signuptoken. com also offers a referral program, empowering investors to generate unique referral codes to share with friends, family, and via social media. By doing so, participants are able to earn passive income in the form of commissions directly to their wallets whenever their code results in tokens being purchased. Additionally, subscribers based on the leaderboard ranking which is intertwined with the referral mechanism receive priority notifications once the blockchain goes live. This in turn will grant them early access to purchase SIGN before its official public release.

Presale Opportunity

Investors have a unique opportunity to participate in the Signuptoken.com presale, which commenced at $0.01 per token. The presale valuation will continue to increase by $0.01 with each new investor’s participation, culminating at $0.72. As of now, the presale token valuation has already risen to $ $0.030791, representing a substantial increase of 207.90% % in just under three weeks. This presents an attractive chance for early investors to potentially reap significant returns, with a possibility of up to 72,000 times the initial investment if the blockchain performs well upon its launch.

To sum up, as Bitcoin’s value drops and XRP continues to rise, crypto investors, traders, and enthusiasts are seeking new opportunities to diversify their portfolios. Signuptoken.com (SIGN) presents a novel approach to community-building and investment, making it an exciting option for those looking beyond traditional cryptocurrencies. With its innovative referral mechanism, leaderboard ranking, and attractive presale pricing, Signuptoken.com offers a unique chance to invest early in a promising new cryptocurrency. For crypto enthusiasts looking for insightful opportunities, Signuptoken.com is the perfect addition to their investment strategy. Embrace the future of crypto and consider Signuptoken.com as your gateway to a diverse crypto portfolio.

Invest early in Signuptoken.com (SIGN) through its exciting presale and secure your spot in this innovative cryptocurrency project. Diversify your crypto portfolio and be part of a vibrant community that values participation and engagement. Don’t miss this opportunity to be part of the future of cryptocurrency.

 

Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Your USD Domiciliary Account is Safe; Let’s Stop That Rumour in Nigeria

By
Ndubuisi Ekekwe
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1

Good People, let us stop the rumours that Nigeria plans to mop up US dollars in domiciliary accounts to support the Naira. Such a thing was possible during the military rule but has ZERO chances today in modern Nigeria. Yes, it is impossible. Repeating that insinuation is offensive to the Nigerian banking ordinance and the new central bank boss. While I have policy differences with the government, as citizens, we must speak to stop the madness of misinformation and disinformation in the nation.

Get me right: I do have confidence in Nigerian banking, provided you can help them with data. When I left Nigeria many years ago, there was money Diamond Bank paid me. On the day of my resignation, the bank paid me upfront, a big chunk of my salary. Knowing that I was not going to be around to work for that money since I was flying into New York that same day, I modified my resignation letter, and asked the bank to reverse the payment, and I left the building with no clear path on how to pay my school fees in the US. I chronicled that experience here.

Typically, people get that money and run away. Our Chairman, legendary banker Paschal Dozie heard what happened, and approved for them to keep that fund for me (he would settle it from his personal capacity or whatever). Now,  I had left and the salary account was to be closed; I did not leave any bank account behind because I was not expecting any money. The bank reached me and said they have got money for me. I provided my Union Bank savings account. It was a tough thing those days with restrictions on savings, but in the end, they pushed that money, going through the money market as my account was designed that only me could pay into it!

Good People, after years and years, I went for that money – and it was THERE. Union Bank kept it. I had the same experience with First Bank when Platinum Capital folded. The brokerage was managing my investments in First Bank, and when it folded with Bank PHB, I reached out to First Bank, and within days, they paid directly to me all dividends. Yes, they reconcilied and confirmed. No stories!

So, the banking system with that heritage will not allow any human or government to confiscate its clients’ funds. So, relax because nothing will happen to your dorm accounts.

My First Day in America and Kindness of Diamond Bank Lagos

SEC Chair Gary Gensler says Bitcoin is not a security, As Congressman Ted Calls for his Sack

By
Paul Ugbede Godwin
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0
WASHINGTON, DC - OCTOBER 03: Securities and Exchange Commission (SEC) Chair Gary Gensler listens during a meeting with the Treasury Department's Financial Stability Oversight Council at the U.S. Treasury Department on October 03, 2022 in Washington, DC. The council held the meeting to discuss a range of topics including climate-related financial risk and the recent Treasury report on the adoption of cloud services in the financial sector. (Photo by Anna Moneymaker/Getty Images)

In a recent interview with CNBC, SEC Chair Gary Gensler clarified his position on Bitcoin and other cryptocurrencies. He said that Bitcoin is not a security, but he did not confirm whether it is a commodity or not.

Gensler explained that the SEC’s mandate is to protect investors, maintain fair and orderly markets, and facilitate capital formation. He said that the SEC is looking at crypto assets from these perspectives, and that some of them may fall under the definition of securities.

However, he said that Bitcoin is not a security, because it was not created or issued by any central entity. He said that Bitcoin is more like a “peer-to-peer decentralized system” that does not have any intermediaries or promoters.

But when asked if Bitcoin is a commodity, Gensler did not give a direct answer. He said that the SEC does not have jurisdiction over commodities, and that the question should be directed to the Commodity Futures Trading Commission (CFTC).

He also said that the SEC is working with the CFTC and other regulators to coordinate their approaches to crypto regulation. He said that he welcomes innovation and competition in the crypto space, but he also stressed the need for investor protection and market integrity.

Gensler’s comments come amid growing interest and adoption of Bitcoin and other cryptocurrencies by institutional and retail investors. Many crypto enthusiasts see Bitcoin as a store of value, a hedge against inflation, and a new form of digital money.

US Congressman calls to fire SEC Chair Gary Gensler, citing abuse of power and pushing woke Political Agenda

In a scathing letter to President Biden, Representative Ted Budd (R-NC) demanded the immediate removal of Gary Gensler as the chairman of the Securities and Exchange Commission (SEC), accusing him of overstepping his authority and pursuing a radical agenda that harms American investors and businesses.

Budd, who is a member of the House Financial Services Committee and the co-chair of the Blockchain Caucus, wrote that Gensler has “abused his power” by imposing “unprecedented and unwarranted” regulations on the cryptocurrency industry, stifling innovation and driving capital overseas.

He also claimed that Gensler has “pushed a woke political agenda” by forcing public companies to disclose information on environmental, social and governance (ESG) factors, such as climate change and diversity, that are irrelevant to their financial performance and risk management.

Budd argued that these actions are contrary to the SEC’s mission of protecting investors, maintaining fair and orderly markets, and facilitating capital formation. He said that Gensler has “undermined the credibility and independence” of the SEC and “eroded public trust” in the agency.

He urged Biden to “act swiftly” and replace Gensler with someone who respects the rule of law, supports free markets and innovation, and serves the best interests of American investors and businesses.

Budd’s letter comes amid growing criticism of Gensler’s leadership and agenda from various stakeholders, including lawmakers, industry groups, investors, and legal experts. They have expressed concerns that Gensler is overreaching his authority, creating regulatory uncertainty, and imposing excessive burdens on market participants.

However, Bitcoin and other cryptocurrencies also face many challenges and uncertainties, such as volatility, security breaches, environmental concerns, and regulatory scrutiny. Gensler’s remarks may have implications for the future of Bitcoin and other crypto assets in the US and beyond.

Epic Games Confirms It Plans to Cut About 16% of Its Workforce

By
Samuel Nwite
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0

Fortnite maker, Epic Games, has confirmed reports that it plans to lay off around 830 employees, about 16% of its total workforce.

Bloomberg reported the development, citing sources. Epic said approximately two-thirds of those job cuts are in teams “outside of core development”.

Approximately 250 employees will be departing from the company due to Epic’s recent announcement of divesting Bandcamp and SuperAwesome.

“For a while now we’ve been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic,” Epic CEO Tim Sweeney wrote in an all-staff email now shared on the company’s website.

“While Fortnite is starting to grow again, the growth is driven primarily by creator content with significant revenue sharing, and this is a lower margin business than we had when Fortnite Battle Royale took off and began funding our expansion. Success with the creator ecosystem is a great achievement, but it means a major structural change to our economics,” he said.

Sweeney adds that the company has been “making ongoing efforts to reduce costs” globally, including “moving to net zero hiring and cutting operating spend on things like marketing and events”, but it remains “far short of financial sustainability”. Sweeney insists that “doing [layoffs] now and on this scale will stabilize our finances.”

All employees affected by the recent job cuts will be provided with a severance package that includes six months of base pay. Additionally, they will receive six months of healthcare coverage paid for by Epic in the United States, Canada, and Brazil.

“We’re offering to accelerate people’s stock option vesting schedule through the end of 2024 and are giving two additional years from today to exercise the options,” Sweeney adds. “In the US we’re also offering to vest any unearned profit sharing from their 401k. And we’ll provide benefits including career transition services and visa support where we can.”

Epic has emphasized that no further layoffs are anticipated beyond the 830 announced today, asserting that these changes are intended to bring financial stability to the business.

In response to the recent job cuts, Epic has outlined its priorities, which include the next Fortnite Season and Fortnite Chapter 5. Additionally, Epic has mentioned projects codenamed “Del Mar, Sparks, and Juno.” Speculations suggest that Del Mar and Juno may refer to a Fortnite car racing mode and a Fortnite Lego collaboration, respectively.

An FAQ provided alongside Sweeney’s announcement indicates that Epic is committed to ongoing investments in various areas. These include first-party development for Fortnite, fostering the Fortnite creator ecosystem and economy, maintaining support for Rocket League and Fall Guys, and offering services for developers such as Unreal Engine for both games and enterprise, the Epic Games Store, Epic Games Publishing, Epic Online Services, Kids Web Services, MetaHuman, Twin Motion, Quixel Mega Scans, Capturing Reality, ArtStation, Sketchfab, and Fab.

The announcement of job cuts at Epic Games comes in a year marked by significant layoffs across the gaming industry. Several major companies, including Microsoft, Take-Two, Riot Games, EA, Twitch, Meta, Unity, Ubisoft, CD Projekt, Roblox, Embracer, Amazon, and Sega, have all disclosed plans for workforce reductions in 2023. Additionally, Sega has indicated the possibility of further redundancies following the cancellation of Creative Assembly’s Hyenas project.

Electric Vibe at Asia crypto conferences points toward growing momentum

By
Paul Ugbede Godwin
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0

The cryptocurrency industry is booming in Asia, as evidenced by the electric vibe at recent crypto conferences held in the region. From Singapore to Seoul, thousands of enthusiasts, investors, developers, and entrepreneurs gathered to share insights, network, and showcase the latest innovations in the blockchain space. As more and more people adopt digital assets as a form of investment, payment, and innovation.

One of the main drivers of the crypto revolution in Asia is the growing demand for financial inclusion and empowerment. Many people in Asia lack access to traditional banking services, or face high fees, barriers, and risks when using them. Cryptocurrencies offer a decentralized, peer-to-peer, and borderless alternative that can enable anyone with a smartphone and an internet connection to participate in the global economy. According to a report by Chainalysis, Asia accounts for 43% of global cryptocurrency activity, with over $300 billion worth of transfers in 2020.

Another factor that is fueling the crypto revolution in Asia is the innovation and entrepreneurship that is happening in the space. Asia is home to some of the most influential and innovative crypto projects, exchanges, and platforms in the world, such as Binance, Huobi, OKEx, Bitmain, Ant Group, and many others.

These players are not only providing services and products to the crypto community, but also developing new technologies and solutions that can benefit various industries and sectors. For example, Ant Group’s blockchain platform AntChain is being used by various organizations such as the World Health Organization, Alibaba Group, and China Merchants Bank to improve transparency, efficiency, and security.

Another factor that is contributing to the crypto revolution in Asia is the regulatory and policy environment that is evolving in the region. While some countries in Asia have been more restrictive or hostile towards cryptocurrencies, such as China, India, and Indonesia, others have been more supportive or open-minded, such as Singapore, Japan, South Korea, and Thailand. These countries have recognized the potential benefits of cryptocurrencies for their economies and societies and have implemented regulations and frameworks that can foster innovation and growth in the space.

For example, Singapore has introduced the Payment Services Act, which provides a comprehensive licensing regime for crypto businesses. Japan has recognized Bitcoin as a legal form of payment since 2017. South Korea has passed a law that requires crypto exchanges to register with financial authorities and comply with anti-money laundering rules. Thailand has established a regulatory sandbox for crypto startups to test their products and services.

The crypto revolution in Asia is not without its challenges and risks. Some of the issues that need to be addressed include cybersecurity, consumer protection, education, taxation, governance, and interoperability. However, these challenges also present opportunities for further development and collaboration in the space. The crypto revolution in Asia is not a zero-sum game, but a win-win situation for all stakeholders involved. By embracing cryptocurrencies as a catalyst for change and innovation, Asia can lead the way towards a more inclusive, prosperous, and sustainable future.

One of the highlights of the Asian crypto scene was the Singapore Blockchain Week 2023, which took place from September 18 to 22. The event featured over 300 speakers, 100 exhibitors, and 10,000 attendees from more than 50 countries. The topics covered ranged from DeFi, NFTs, regulation, interoperability, scalability, and sustainability.

Another major event was the Korea Blockchain Week 2023, which was held from September 27 to October 1. The event attracted over 5,000 participants, who enjoyed keynote speeches, panel discussions, workshops, and networking sessions. Some of the prominent speakers included Vitalik Buterin, co-founder of Ethereum; Changpeng Zhao, CEO of Binance; and Michael Saylor, CEO of MicroStrategy.

These events showcased the growing momentum and maturity of the Asian crypto market, which has been leading the global adoption and innovation in the sector. According to a report by Chainalysis, Asia accounted for 43% of global cryptocurrency transactions in the last 12 months, followed by Europe with 22% and North America with 17%.

Some of the factors that contribute to Asia’s dominance in crypto include:

A large and diverse population of tech-savvy and young consumers who are eager to embrace new technologies and opportunities.

A supportive and dynamic regulatory environment that fosters innovation and experimentation while ensuring consumer protection and compliance.

A vibrant and competitive ecosystem of startups, exchanges, funds, media, and influencers that drive innovation and collaboration in the industry.

A strong presence and influence of global crypto players such as Binance, Huobi, OKEx, FTX, and Crypto.com that have established their headquarters or regional offices in Asia.

The electric vibe at Asia crypto conferences points toward a bright future for the industry in the region and beyond. As more people and businesses join the crypto revolution, Asia will continue to play a pivotal role in shaping the future of finance.

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