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While XRP Value Soars, MATIC Steadily Climbs Up; Enter Q3 2023 With BIGINF, The New 100x Meme Coin Phenomenon

By
TI Partners
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0

Crypto fluctuations are just like ocean tides: while some coins are taken back under the surface, struggling to float again, the XRP value is riding a bullish wave. Joining this exciting crypto surfing race, Polygon (MATIC) and Big Eyes Infinity (BIGINF) have been moving mad, introducing one innovative idea after another. Altcoin enthusiasts, you better fasten your seatbelts, as we’re about to embark on a voyage through the seas of utility metrics, market fluctuations, and moonshot potential.

Use The Ripple Effect & Exploit This Altseason

Seems like the partly victorious SEC vs Ripple case resolution had more impact on the XRP value than expected, and, thanks to data from the cryptocurrency analysis platform Santiment, a resurgence worth celebrating has been uncovered. As of September 2, XRP’s on-chain volume hit a seven-month high, soaring to a whopping 4.8 billion. Simultaneously, its circulation reached a three-month peak, boasting 2.03 billion XRP in circulation.

Making the most of the ripple effect, sparked by the XRP value surging, Big Eyes Infinity emerged at the most favourable time. Aiming to never let history repeat itself, BIGINF tokens will launch exclusively on a DEX platform, ensuring security and building a sense of belonging from the get-go. But that’s not the end of its groundbreaking features! Using the modern world’s innovations to its advantage, all tokens will be airdropped directly to the holders, saving them from all the claiming hassle. You have to admit it sounds appealing, doesn’t it?

Games Galore VS A (CINE)MATIC Price Rise

With Polygon breaching the $0.6 mark towards the end of August, the impact of the XRP value increasing is already palpable in every nook and crevice of the crypto universe. Adding to its broad and vibrant repertoire, Polygon 2.0 upgrade has been introduced. More than just a delicate breeze, this innovation will be the blasting wind behind MATIC’s wings, propelling it to fly beyond the horizon. Striving to increase utility and security, the new Polygon token, POL, will offer multi-chain staking benefits without the associated risks, making investing more approachable to beginners.

<< For All Thing Big Eyes Infinity >>

The 819 Casino launch has been one of the most anticipated projects in the meme coin universe. If you’re not into shady and illegal business, don’t worry, as this innovative gaming hub has nothing to do with risky gambling. On the contrary! It offers over 5000 play-to-earn initiatives, each of them carefully curated to turn making money into a fun and exciting experience. With such a wide range of games, each Cat Crew member will certainly find something that tickles their fancy.

Hold On Tight! The Next Meme Coin of 2023 Is Here

Now, let’s turn our attention to the rising star in the crypto constellation – Big Eyes Infinity. This new altcoin has burst onto the scene with a 100x promise, and amidst the surging XRP value, this potential is bound to grow even more. BIGINF’s limited edition presale is causing waves, and it’s all about fair distribution. A total of 50 billion tokens are up for grabs, with 70% allocated to the presale, 25% to the DEX, and 5% earmarked for marketing.

But here’s the real kicker – the 1:1 Match Guarantee. When you buy BIGINF tokens during the presale, Big Eyes matches the number of tokens you’ve purchased and adds them to your 819 Casino account as a bonus. On top of that, the guaranteed 6x price increase during presale is a safety anchor amidst any potential crypto storms. Will you let your money boat sink, or will you safely sail to the shore with this top meme coin of 2023?

With a new boost of energy given by the soaring XRP value, MATIC price experienced bullish trends, positioning itself as a profitable choice for the upcoming season. While these traditional assets thrive, Big Eyes Infinity, a new cat-themed meme coin wonder, is making moves of its own. With an innovative airdrop method, a thrilling 819 Casino, and a guaranteed price increase, it created a space for every investor to flourish in.

 

Big Eyes Infinity (BIGINF):

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

Website: https://bigeyes.space/

Telegram: Contact@BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

Optimism Token Soars: Solana and DogeMiyagi Ecosystems Show Remarkable Growth

By
TI Partners
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0

In the crypto market, nothing is quite as exhilarating as witnessing the meteoric rise of new projects and the expansion of existing ecosystems. The recent surge in optimism, not just in sentiment but also in the form of the Optimism token, has caught the crypto community’s attention. Alongside this, the Solana blockchain’s remarkable growth and the emergence of DogeMiyagi (MIYAGI) as a promising player in the DeFi space have added layers of excitement to the unfolding narrative.

Optimism: A Layer 2 Solution Ignites Possibilities

Optimism has emerged as a beacon of hope for Ethereum users plagued by high fees and slow transactions. Its Layer 2 solution promises to make transactions faster and more affordable, providing a much-needed boost to the Ethereum ecosystem. With over 120,000 active users and a total value locked (TVL) of over $850 million, Optimism has solidified its position as a preferred Layer 2 solution.

In the past 30 days alone, the native token of the Optimism network, aptly named OP, has witnessed an astounding surge of over 40% in value. What’s causing the surge in OP? There are two catalysts driving this growth. First, Coinbase’s launch of BASE, their Layer 2 network on Optimism’s OP Stack, has invigorated the platform. The OP Stack’s role as a foundational layer for creating chains and rollups has garnered attention from projects seeking scalability solutions. Furthermore, the introduction of Worldcoin, the brainchild of OpenAI CEO Sam Altman, to the Optimism network has catalyzed its daily transaction volume, surpassing Arbitrum for the first time. With a growing number of projects aligning with the OP stack, Optimism’s future shines brightly.

Solana: Pioneering Web 3.0 And DeFi Activity Surge

Solana, often hailed as a trailblazer in Web 3.0, continues to make waves. Its native currency, SOL, has captured attention with an astounding year-to-date growth of over 132%.

The key to Solana’s success lies in its innovative projects and relentless pursuit of becoming the premier platform for Web 3.0. The blockchain’s vibrant ecosystem has captured the attention of both investors and developers, as evidenced by the continuous surge in activity on the network. DeFiLlama data reveals that Solana’s Total Value Locked (TVL) has been on an upward trajectory, recently crossing the $1.12 billion mark. Additionally, the blockchain’s revenue has experienced a boost due to a rise in SOL’s fees, demonstrating the financial viability of Solana’s growing ecosystem.

The NFT sector on the Solana blockchain has also undergone significant expansion, with sales volume surging by more than 5% in the past 30 days. The platform’s broader NFT ecosystem has witnessed a rise in participants, including buyers, sellers, and transactions, by 14%, 18%, and 5%, respectively.

DogeMiyagi: Ethereum-Backed DeFi Disruption

In the midst of these flourishing ecosystems, the rise of DogeMiyagi is nothing short of captivating. This emerging cryptocurrency is harnessing the power of the Ethereum blockchain to deliver a seamless DeFi experience. Anchored by its native token MIYAGI, DogeMiyagi is setting the stage for a revolutionary journey.

The presale of MIYAGI tokens has generated considerable buzz, offering early investors an affordable entry point. As demand skyrockets, the project’s team is gearing up for the sixth stage of the presale. Each stage not only presents an opportunity for early investment but also introduces escalating token prices, maximizing returns for those who take the plunge early.

DogeMiyagi’s appeal extends beyond the promise of financial gains. Participants are encouraged to invite friends and family to the ecosystem, earning a 10% commission on their investments. This communal approach amplifies the platform’s growth potential, fostering a vibrant community from the ground up.

As DogeMiyagi’s journey unfolds, its visionary projects, like a decentralized exchange and an NFT collection, promise to reshape the DeFi landscape. By leveraging Ethereum’s robust backbone, the project is poised to carve a niche for itself in the competitive world of decentralized finance.

In conclusion, the crypto landscape is witnessing remarkable growth and innovation across various ecosystems. Optimism’s ascent, Solana’s trailblazing endeavors, and DogeMiyagi’s emergence are emblematic of the dynamic landscape where possibilities are endless.

 

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Afreximbank Offers Oil to Traders to Fund its $3bn Loan to NNPCL

By
Samuel Nwite
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0

Afrexim Bank is reportedly offering oil to traders to fund its $3 billion loan to the Nigerian National Petroleum Company (NNPC) Limited. The loan was secured in August as part of the Nigerian government’s efforts to save the naira.

The agreement between the NNPC and Afreximbank is not a crude-for-refined products swap but an upfront cash loan against proceeds from a limited amount of future crude oil production, according to the company.

However, according to sources cited by Reuters, Afreximbank has reached out to traders to assess their willingness to support an oil-backed loan for Nigeria’s national oil company, NNPC LTD. The bank is currently in the process of determining the terms that it will propose to trading houses for this endeavor.

“There is a lot of interest, but they need to see the conditions,” a senior oil executive with knowledge of the negotiations told sources. The executive noted that increasing oil prices above $90 a barrel would help increase interest, but he asked that his name not be used because he is not permitted to speak publicly on the matter.

The proposed system involves traders receiving actual oil cargoes as payment from financiers. Afrexim Bank is reportedly meticulously calculating the exact quantity of oil that would be allocated to these traders in exchange for their financial assistance.

Cash-upfront traders would be compensated with physical oil cargoes, and the bank is working to establish the specific amount of oil to be allocated to individual traders as part of the funding arrangement.

The Nigerian government is desperately working with its agencies to boost naira’s performance in the FX market. Following the decision of the Central Bank of Nigeria (CBN) to float the naira in June, removing pegs around the dollar as part of reform efforts to create a unified exchange rate, the naira has weakened significantly. The embattled currency has fallen to N1,000/$1 in the parallel market.

Nigeria has outstanding foreign exchange obligations that amount to $7 billion. This, economic experts believe is partly responsible for the woeful performance of the naira in the FX market.

Last week, Finance Minister, Mr. Wale Edun, said the $7 billion backlog needs to be cleared to strengthen the naira.

The collaboration between Afrexim Bank and oil traders presents a unique opportunity to bolster the naira and enhance the country’s financial stability in the midst of the challenging economic situation. The success of this innovative funding approach will ultimately depend on the terms agreed upon and the willingness of traders to participate in the initiative.

The $3 billion is expected to provide a measure of FX liquidity in the Investor & Exporter window. The illiquidity in the official CBN window has driven people to the parallel market, accelerating the rate of the dollar upward.

As of now, neither NNPC nor Afrexim Bank have provided any comments or official statements regarding the development. However, given its potential impact on Nigeria’s currency and economic stability, there is considerable interest and anticipation surrounding this groundbreaking partnership.

UK regulator warns crypto firms over Lack of Engagement with new Rules

By
Paul Ugbede Godwin
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0

The UK Financial Conduct Authority (FCA) has issued a warning to cryptocurrency businesses that have not complied with its new registration requirements. The FCA said that many firms have failed to engage with the regulator or submit complete applications, putting them at risk of enforcement action.

The FCA introduced a new registration regime for crypto asset service providers in January 2020, as part of the UK’s implementation of the EU’s Fifth Anti-Money Laundering Directive (5AMLD). The directive aims to prevent the use of cryptocurrencies for money laundering, terrorist financing and other illicit activities. The FCA is responsible for overseeing the compliance of crypto firms with the new rules, which include conducting customer due diligence, monitoring transactions and reporting suspicious activity.

The fifth anti Money Laundering directives (5AMLD) are a set of legal measures adopted by the European Union (EU) to strengthen its framework for preventing and combating money laundering and terrorist financing. The 5AMLD came into force on 10 January 2020 and introduced several changes and enhancements to the previous directives, known as the fourth anti Money Laundering directives (4AMLD).

The main objectives of the 5AMLD are to:

Increase transparency of financial transactions and ownership of legal entities and trusts

Expand the scope of the directives to cover new sectors and activities, such as virtual currencies, prepaid cards and art dealers.

Enhance cooperation and information exchange among authorities and financial intelligence units.

Address emerging risks and vulnerabilities, such as the use of anonymous offshore structures and complex financial products.

Some of the key amendments that the 5AMLD introduced are:

The creation of a centralized register of bank account ownership information in each Member State, accessible by competent authorities and financial intelligence units

The extension of customer due diligence (CDD) requirements to providers of exchange services between virtual currencies and fiat currencies, as well as custodian wallet providers

The lowering of the threshold for identifying holders of prepaid cards from EUR 250 to EUR 150, and the prohibition of anonymous prepaid cards issued in third countries.

The inclusion of art traders as obliged entities when the value of transactions or series of linked transactions amounts to EUR 10,000 or more.

The establishment of a list of prominent public functions by each Member State and by the European Commission, to facilitate the identification of politically exposed persons (PEPs)

The improvement of access to beneficial ownership information of legal entities and trusts by the public, subject to certain conditions

The harmonisation of the enhanced due diligence (EDD) measures for high-risk third countries identified by the European Commission

The 5AMLD represents a significant step forward in the EU’s efforts to combat money laundering and terrorist financing, as it addresses some of the gaps and weaknesses identified in the previous directives. However, it also poses new challenges and obligations for obliged entities, such as banks, financial institutions, lawyers, accountants, estate agents and others, who have to comply with the updated rules and ensure effective implementation.

Moreover, the 5AMLD is not the final stage of the EU’s AML/CFT regime, as a sixth anti Money Laundering directive (6AMLD) has already been adopted and will apply from 3 December 2020, introducing further changes such as a harmonized list of predicate offences and tougher sanctions.

According to the FCA, more than 90% of the firms that have applied for registration have either withdrawn their applications or been rejected by the regulator. The FCA said that many firms have not provided sufficient information or evidence to demonstrate that they have effective systems and controls in place to meet the regulatory standards. The FCA also said that some firms have not engaged with the regulator at all, despite being required to do so by law.

The FCA warned that crypto firms that operate without registration are breaking the law and may face civil or criminal penalties. The FCA also urged consumers to check whether a crypto firm is registered with the regulator before using its services, and to be aware of the risks and challenges of investing in crypto assets.

The FCA’s warning comes amid a growing interest and demand for cryptocurrencies in the UK and around the world. According to a recent survey by Finder, 19% of UK adults own some form of cryptocurrency, up from 9% in 2019. However, the FCA has repeatedly cautioned that crypto assets are highly volatile, complex and speculative, and that investors should be prepared to lose all their money.

The FCA is not the only regulator that is cracking down on crypto firms that fail to comply with anti-money laundering rules. In June, the Financial Action Task Force (FATF), an intergovernmental body that sets global standards for combating money laundering and terrorist financing, issued revised guidance for crypto asset service providers, urging them to implement effective measures to prevent and detect illicit activity. The FATF also said that it will conduct a review of the implementation and impact of its guidance by June 2024.

The Environmental Impacts of Cassava Production in Nigeria: How Researchers are Turning the Negatives into a Profitable Venture

By
Tiamiyu Ismail
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0

Cassava is a very prominent crop in Africa. Nigeria is the world’s largest cassava-producing country. As at 2014, the global cassava production was 215,436,496 tons, out of this, Nigeria accounts for 20.3% making her the largest producer in the world. Cassava is cultivated in over 80 countries of humid tropical regions of the world. Cassava products are rich in carbohydrates, vitamins (mostly vitamins B and C), and essential minerals and low in protein.

The nutrient composition of a cassava plant depends on the variety, age, and prevailing environmental condition including soil characteristics. Cassava is a major source of energy for more than 2 billion people in the world especially in the tropical region. Cassava is consumed by more than 500 million people in developing nations and about 300 million in the tropical countries. In Nigeria, cassava farming and processing into useful food items is a major source of livelihood to several families especially in rural areas.

Cassava peels make up 20% of the whole root, but are discarded during processing. The peels amount to nearly 40 million tons per year in Africa alone, giving cassava a bad name as an environmental polluter with the mountains of waste around processing centers.

Cassava mill effluent (CME), liquid waste generated from cassava processing is noted for its ecological hazard. Due to the acidic nature of CME, it is toxic to households, animals, fisheries and other organisms. Most of the human food resources are found in the environment including water and land. Acidification of water and soil leads to loss of viable food resources. It could lead to decline in abundance and composition of fisheries over a long period of time which could have adverse impact on human who depend on these fishes as source of protein.

To create a business opportunity out of this undesirable byproduct, the International Institute of Tropical Agriculture (IITA) developed a high-quality cassava peel (HQCP) feed ingredients from wet peels. This innovation enables rapid water removal and accelerates the elimination of hydrocyanide. The intermediate product (60% dry matter, up from 30% in fresh peels) is safe for livestock to consume and stable for up to a week and can be sun-dried or heat toasted to a storable product (90% dry matter). This can be done any time of the year in a small- and medium-scale setup or flash-dried in a more industrial case.

Since three tons of fresh peels yield about one ton of HQCP, Africa’s cassava peel waste could generate at least 12 million tons of HQCP annually – equivalent in metabolizable energy (ME) to 8 million tons of maize thus spared for direct human consumption. In addition, there is willingness to pay for HQCP; for example, when maize prices reached $300, HQCP was being purchased for $150. This ratio holds for wide price bands. The huge value creation of this high-impact innovation provides an alternative source of feedstuff, protects the environment, and provides new income sources to smallholders producing cassava.

The innovation has been supported by the CGIAR Research Program (CRP) on Root Tubers and Bananas (RTB), and it leverages the expertise of several private and public partners in Nigeria, such as the National Office for Technology Acquisition and Promotion (NOTAP), Raw Material Research and Development Council (RMRDC), Bank of Industry, and SingleSpark from the Netherlands, makers of FeedCalculator.

Source:

Iheanacho Okike, International Institute of Tropical. Agriculture (in.) The Innovation Revolution in Agriculture: A roadmap to Value creation. Hugo Campo (editors.). Springer.

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