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Green Is The New Gold: UAE Uses Blockchain Technology In Carbon Trading; Helps Cardano, Stellar, And Big Eyes Coin In Crypto Sustainability

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Human activities have a detrimental effect on the environment, but the UAE is taking its game to the next level by leveraging blockchain technology in carbon trading. This can lead to crypto communities supporting tokens promoting sustainability crypto, such as Cardano (ADA), Stellar (XLM), and Big Eyes Coin’s newest token: Big Eyes Infinity (BIGINF). How do these tokens help reduce carbon footprints while still generating wealth for their holders?

What Is Carbon Credit?

First things first; what is carbon credit? Carbon credits allow an organisation or a country to produce a certain amount of carbon dioxide (CO2) or other greenhouse gases. These are tradable commodities, with each carbon credit representing one ton of CO2 that has been reduced, avoided, or removed from the atmosphere.

UAE is home to many cryptocurrencies. If it’s planning to reduce carbon emissions with blockchain technology, it wouldn’t take too long before its positive effects reach the crypto market. Now, how do tokens like Cardano, Stellar, and Big Eyes Coin blockchains help the world to be a better and greener place?

Cardano Hailed As The Green Blockchain

Cardano’s ecosystem has been nicknamed the “green blockchain” because of two reasons. First, it boasts its staking mechanism. Secondly, it has far less energy consumption. This is all thanks to its proof-of-stake (PoS) blockchain, which doesn’t require a lot of time and computer power to find cryptographic hashes, reducing crypto emissions. Big Eyes Coin also shares the same passion as Cardano – to make things more energy efficient. BIG is built on the Ethereum blockchain, which has also upgraded to a proof-of-stake system after “the merge”, reducing its energy consumption by 99.9%.

Stellar Blockchain Improves Transaction Speed

While Big Eyes Coin and Cardano’s ecosystems are built on the Ethereum blockchain, Stellar’s blockchain uses the Stellar Consensus Protocol (SCP), in which transactions settle in five seconds or less. This sustainability crypto is also far cheaper than Bitcoin’s transactions. BTC’s blockchain uses 1,575 kilowatt-hours per transaction, while XLM uses 0.00022 kilowatt-hours per transaction, making it more eco-friendly.

Meanwhile, Big Eyes Coin is built on Ethereum’s blockchain technology, which consumes 0.03 kilowatt-hours per transaction. Not bad! Its carbon footprint stands at 0.01 kgCo2, which is equivalent to two hours of watching a video on YouTube.

Sustainability Crypto: Why Big Eyes Coin Sparkles As A Sustainable Gem

Big Eyes Coin is another meme token that promotes sustainability crypto. Built on the Ethereum blockchain, BIG has faster transactions, a user-friendly system, and lower transaction costs. And most importantly, it’s eco-friendly! Its proof-of-stake mechanism differs from Bitcoin’s blockchain, which uses large amounts of energy in all its transactions. BIG’s PoS is not only eco-friendly but also facilitates cheaper and faster transactions.

Big Eyes Coin’s New Token Redefines Limitless Fun

Big Eyes Coin is not only about sustainability crypto; it’s also about making sure that every BIG holder gets all the fun while increasing their wealth in the crypto world. This year, the digital asset will be launching its newest token, Big Eyes Infinity (BIGINF). This is a huge chance for investors who couldn’t maximise their profits from the previous BIG presale.

<< Invest in an eco-friendly meme token today: Big Eyes Infinity >>

BIGINF is a utility token that will be used to fuel Big Eyes 819Casino, home to 4,000 casino games and several P2E games. Holders can play using BIGINF and win BIG tokens on the casino website. BIGINF will also increase the demand for the token as well as trading volume.

BIGINF tokens are not claimable. Instead, they will be airdropped to holders at launch and will go live on a DEX exchange at the same time. Keep your eyes peeled for more news on the upcoming BIGINF presale.

 Plant Your Profits & Grow Wealth

Blockchain technology is useful for reducing crypto emissions. This is seen and proven by the UAE’s recent move in leveraging blockchain technology for its carbon trading. However, as crypto investors, we also play a huge role in improving the environment. Investing in sustainability crypto coins, like Cardano, Stellar, and Big Eyes Coin can help make the world a better place.

Big Eyes Coin is one of the most successful meme coin presales in 2023. It wouldn’t be surprising if its new token, BIGINF, becomes a success, too! Join the fun and collect as many BIGINF as possible to be able to participate in the 819Casino, where you can gain immense wealth while having fun and saving the environment. Visit Big Eyes Coin’s official website and social media by clicking the links below.

<< Buy Big Eyes Infinity today! >>

  Big Eyes Infinity (BIGINF)

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

Website: https://bigeyes.space/

Telegram: Contact@BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

Understanding The Evolution Of New Blockchain Projects With Solana, Chainlink, & Signuptoken.com

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The global landscape has experienced a perceptible shift towards the widespread adoption of new blockchain projects. By 2025, Shanghai intends to establish a comprehensive blockchain infrastructure, which is a crucial step in its journey to becoming a global technology and innovation hub. As the world hurtles toward a crypto-powered future, the rise of innovative new blockchain projects has captured the imagination of crypto and tech enthusiasts.

This article delves into some of the best blockchain projects, with a keen focus on the visionary Signuptoken.com (SIGN), alongside the prominent players: Solana (SOL) and Chainlink (LINK).

Exploring Blockchain: The Technology Reshaping Industries

What Is Blockchain Technology?

Blockchain technology is an advanced database that enables transparent data sharing in business networks. Data is organized in blocks connected in a chain, ensuring chronological consistency. Network consensus is required for changes, preventing unauthorized entries and maintaining a consistent view of transactions.

What Is A Blockchain Wallet?

A blockchain wallet’s purpose is to manage different cryptocurrencies like Bitcoin or Ethereum. It enables secure and convenient exchanges of funds through cryptographic signatures. The wallet is accessible from web and mobile devices, maintaining user privacy and identity. With all the necessary features, it ensures safe transfers and exchanges between parties.

Signuptoken.com: The Golden Email Opportunity

SignUp Token (SIGN) is positioned among the best new blockchain projects. It introduces a disruptive decentralized finance model, underpinned by a unique DeFi system to create a million millionaires. A central feature is its presale, an avenue granting complimentary entry to users upon registering with their email addresses. For those seeking more, the Millionaire Club beckons, bestowing exclusive project privileges.

SIGN stands on an ERC-20 token base, radiating tech prowess. Its impending token launch and Uniswap exchange debut are heralded by well-timed user emails. The platform promotes community unity through a rewarding referral system, driving organic growth. Grounded in communal collaboration and sustainable expansion, Signuptoken.com aims to reshape the crypto realm.

Solana: Redefining Blockchain Innovation

Solana’s blockchain platform has seized significant attention due to its remarkable high-speed and scalable capabilities. It employs an innovative consensus mechanism that empowers lightning-fast transactions, positioning it as the prime choice for expansive applications. One of Solana’s standout features is its capacity to proficiently handle intricate smart contracts while maintaining exceptional performance. As the landscape of blockchain applications matures and extends, Solana’s technology assumes a progressively pivotal role in shaping the trajectory of crypto’s mainstream future.

Chainlink: The Bridge To Real-World Data

Chainlink holds a crucial position in facilitating the integration of real-world data into smart contracts on the blockchain. By utilizing its decentralized Oracle network, Chainlink guarantees the availability of trustworthy external information to smart contracts, thereby enhancing their functionalities and potential applications. As the adoption of new blockchain projects expands, the role played by Chainlink in upholding credibility and safeguarding the data becomes essential.

Through its well-established collaborations in fields like finance, supply chain management, and gaming, Chainlink showcases significant prospects for future development. Its ability to adjust and the robust backing from its community establish it as a formidable presence within the blockchain landscape.

Signuptoken.com: Carving Tomorrow’s Path

In a landscape where innovation reigns supreme, new blockchain projects like SignUp Token, Solana, and Chainlink offer a glimpse into the transformative power of technology. Shanghai’s grand initiative to establish a comprehensive blockchain infrastructure by 2025 exemplifies a proactive approach to embracing this future. As Shanghai and these innovative blockchain projects push boundaries, they remind us that the journey to a crypto-powered future is not just a transition but a testament to human ingenuity and progress.

As the crypto landscape evolves and new blockchain projects emerge, Signuptoken.com stands out as a beacon of innovation and opportunity. Don’t miss your chance to be part of this groundbreaking journey. Secure your spot in the presale now and position yourself at the forefront of the crypto revolution.

Signuptoken.com (SIGN):

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

MTN Seeks Three More Investors in Its US$5.2 Billion Fintech Unit, After Mastercard Deal

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Africa’s largest mobile network operator, MTN, has announced that it is seeking to include three (3) more strategic investors in its Fintech unit.

This announcement is coming after the telecoms company recently partnered with Mastercard to purchase a minority stake in its Fintech subsidiary, MoMo.

On Monday, MTN announced that it signed a memorandum of understanding (MoU) with Mastercard for strategic investment and will also use the payment network processor’s technology to offer more services.

In a recent development, the company’s group CEO Ralph Mupita recently announced that MTN is open to selling a maximum of 30% of its Fintech business.

In his words,

“We are open to selling up to a maximum of 30% of the Fintech business. There might be three or maybe even four strategic partners within that”.

He further highlighted the importance of mobile money services to Africans, which he stated that “with mobile money and Fintech services, they can leapfrog people from not having any financial services to using the phone to provide a lot of financial services”.

According to Mupita, MTN is Africa’s largest wireless operator which has 60 million users for its Fintech unit and currently offers basic services like cash-in, and cash-out.

Meanwhile, despite the increasing use of electronic and digital channels in Africa’s financial sector, nearly half of the continent’s population still does not have a traditional bank account and would rather use cash, putting roadblocks to accessing digital financial services. MoMo which was rolled out in May 2022, one year after its launch is still yet to be adopted by millions of Nigerians.

Mupita had earlier stated that MTN wants to tap into growing investor interest in the African mobile money businesses that allow phone subscribers to send or receive money outside banks and increasingly sell ancillary services such as microinsurance.

MTN seeking minority investors in its Fintech units can be a strategic move to provide the company with so many opportunities.

One reason for MTN seeking minority investors, could be to infuse additional capital into the business. It is understood that the Mobile Money sector requires investments in technology, infrastructure, and expansion to stay competitive and meet growing customer demands. Bringing in minority investors can provide the necessary funds without diluting the majority ownership and control of MTN.

Also, strategic minority investors can bring in expertise, industry knowledge, and operational resources that could enhance the growth and efficiency of the MoMo business. This can include access to new markets, technology, regulatory insights, or other valuable assets.

As MTN looks to expand its Mobile Money services into new regions or markets, partnering with a local or regional investor can offer advantages in terms of cultural understanding, regulatory compliance, and market penetration.

Notably, collaborating with minority investors could lead to strategic alliances that benefit both parties. This might involve leveraging synergies between the investor’s existing business interests and MTN’s Mobile Money operations.

A minority investment could be a way for MTN to unlock value from its Mobile Money business, which might be growing rapidly and capturing a significant share of the market. This could provide MTN with a means to realize some of the value it has created in the business.

The Hypocrisy in Oshiomhole’s “Tinubu Inherited Terrible Economy” Statement

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The former Chairman of the All Progressive Congress (APC) Adams Oshiomhole has attributed Nigeria’s current economic crisis to the past administration led by President Muhammadu Buhari.

Oshiomhole, who now represents the Edo North Senatorial District, said on Monday that President Bola Tinubu inherited a terrible economic situation from the past administration.

The former Edo State governor, who spoke during an interview with journalists shortly after he met with the Vice President, Senator Kashim Shettima, behind closed doors at the Presidential Villa, Abuja on Tuesday, added that some of the decisions taken by President Tinubu’s administration were the first steps towards revamping the economy.

“The government inherited a terrible economic situation, everybody knows it. The government inherited an economy in which the total national revenue was barely enough to service our debt burden. Spending 96 percent; which is to say every one hundred naira Nigeria earns, ninety-six kobo is to pay debt,” he said.

The APC-led government is said to have a reputation for pushing blame and not taking responsibility for its failings. Oshiomhole, who was partly the APC Chairman during Buhari’s eight-year leadership, was a staunch defender of the former president’s policies – which experts said plunged Nigeria into its present economic predicament.

“I speak on my honor that the federal government is broke and that they are borrowing huge in trillions of naira to pay salaries,” Oshiomhole said in 2015 about Goodluck Jonathan’s administration.

“The finance of the federal government under the past administration was in a worst shape. Over the past 9 months, the federal government could not pay salaries from her legitimate income, what she has been doing which states couldn’t do was to borrow, using the structure of the CBN, through various instruments; bonds, security, etc,” he added.

In his eight years in office, Buhari shot Nigeria’s debt profile up to more than N80 trillion, leaving the country grappling with debt servicing which is currently gulping 96% of its revenue. Oshiomhole and other APC bigwigs, including Tinubu, never for once criticized the former president, rather they praised him.

“The party has done very well, we didn’t promise miracle, there are no miracles in the life of a nation.

“What took several years to be destroyed cannot be fixed in two years. Yes, we have less than two years to go, but I believe that a couple of things have changed; in fact many things have changed,” Oshiomhole said in an interview on Channels television in 2017.

In the same vein, the Senator who has been called out over his hypocrisy is heaping praise on the steps Tinubu so far. In his interview with journalists on Tuesday, Oshiomhole expressed confidence that the issues arising from the removal of fuel subsidy will be quickly resolved between the Federal Government and organized labor.

He said Tinubu recognizes the impact the withdrawal of fuel subsidy is having on Nigerians and is determined to take immediate action to cushion it.

“This president recognizes that the effect of the withdrawal is already here, people are already going through some level of discomfort and therefore there has to be an immediate solution to it.

“Now that immediate solution is what we discussed and the fact that we are meeting on Tuesday again shows that clearly, we realize that this is not one of those things you want to buy time because it has a real negative impact, on particularly, the most vulnerable group.

“But we have a solution to it because you are going to make savings, so take from that savings or even if it is borrowing.

“So, whatever it is, you can leverage some revenue and improve wages to cushion the cost of living, I think it is legitimate, I think it is doable, it is not something that you want to spend two to three months negotiating,” he said.

NNPCL Secures Emergency $3bn Loan From Afreximbank to Boost the Naira

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The Nigerian National Petroleum Company Limited (NNPCL) has announced that it has jointly signed a commitment letter and Termsheet with the Trade Finance Bank for Africa, Afreximbank, for an emergency $3 billion crude oil repayment loan.

The company said the move, which took place today (Wednesday) at the bank’s headquarters in Cairo, Egypt, “will provide some immediate disbursement that will enable the NNPC Ltd. to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market.”

O’tega Ogra, Special Adviser to the President, explained that the agreement between the NNPCL 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.”

He said the loan will assist NNPC Ltd. in settling taxes and royalties in advance and also equip the Federal Government with the necessary dollar liquidity to stabilize the Naira, with limited risk.

The move follows the push by President Bola Tinubu to stabilize the naira, which has been falling woefully in the foreign exchange market – compounding Nigeria’s harsh economic situation. 

The acting governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced yesterday that the apex bank has the approval of the president to implement new measures that will stabilize the fluctuating forex market.

The naira has dropped significantly in the FX market, trading as low as N950 per dollar. The currency’s free fall has bolstered the nation’s inflation rate – which stood at 24.08% as of July.

One of the most significant impacts of the naira’s poor form is on the cost of petrol, which has risen to N588 and N617 per liter across the country. 

On Monday, the Independent Petroleum Marketers Association of Nigeria (IPMAN) said that pump prices are expected to rise to N688 and N720 per liter due to the influence of dollar illiquidity on Nigeria’s oil market.

“It is simple mathematics, once the dollar is going up, have it in mind that the prices of petroleum products would definitely increase because the products are dollar-driven,” Chief Chinedu Ukadike, the PRO of the association said.

In response to this, the NNPCL issued a statement assuring Nigerians that there will be no further increase in the cost of petrol. The statement stoked a belief that the federal government is planning to introduce temporary subsidy, to stabilize petrol prices. 

But the government said Tuesday it has no plan to reintroduce fuel subsidy of any kind.

However, looking at the statement from the CBN governor and the NNPCL’s emergency $3 billion crude oil repayment loan, it has become clear that the government’s plan to sustain the prices of petrol is tied to boosting the naira’s performance at the FX market.

The naira received further shocks last week after an audit of the central bank reveals that it owes $13.8 billion in liabilities to American banks, JP Morgan and Goldman Sachs in the 2022 financial year.

“The Group entered into a securities lending agreement with Goldman Sachs and J. P. Morgan and as part of the agreement, the Group pledged its holdings on foreign securities in return for cash. The cash received from Goldman Sachs is N0.23 trillion ($500 million), 2021: N0.22 trillion ($500 million), and JP Morgan N3.23 trillion ($7 billion), 2021: N3.05 trillion ($7 billion) is recognized in other foreign securities,” a statement posted on the CBN website said.

This revelation means that the real value of Nigeria’s foreign reserve, which is currently pegged around $30 billion, according to the CBN, is actually around $17 billion. 

Investors believe it is the reason Nigeria has been unable to offset many of its financial obligations – including the repatriation of funds belonging to multinational companies.

With the free fall of the naira exacerbating Nigeria’s economic crisis, the government appears to be seeking a fast way to boost dollar liquidity. With the drop in oil output stymieing the country’s foreign exchange earnings – a strategic loan appears viable.

Ogra said the loan will be repaid against a fraction of proceeds from future crude oil production. 

“It’s a strategic move that ensures a balance between our current economic needs and future production capabilities,” he said.