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Stellar (XLM) Continues To Perform Well, As Alex The Doge (ALEX) Tokens Soar in Pre Bull Run Frenzy

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The cryptocurrency market is buzzing with excitement as both Stellar (XLM) and the upcoming Alex The Doge (ALEX) tokens experience a surge in value. Stellar, a cross-border payment facilitator, has been performing exceptionally well, while Alex The Doge (ALEX), a Play-To-Earn (P2E) gaming and Social-Fi platform, is gaining traction even before its official launch. In this article, we will delve into the reasons behind the soaring popularity of Alex The Doge (ALEX) tokens and the continued success of Stellar (XLM) in the face of recent price increases.

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Stellar (XLM): A Stellar Rise in Performance

Stellar (XLM) has been enjoying a bullish outlook, with its market cap rising to approximately $4.4 billion and its Fully Diluted Value (FDV) reaching around $8.1 billion. Despite having only a few decentralized finance (DeFi) protocols running on its blockchain, Stellar (XLM) Total Value Locked (TVL) has seen exponential growth year-to-date, reaching approximately $30.5 million. The stablecoins running on the Stellar blockchain have also significantly increased to about $99 million, with a 24-hour traded volume of around $3.93 million.

One of the key factors contributing to Stellar’s (XLM) success is its increasing adoption by financial institutions and service providers. Coinbase Global, for example, recently announced full support for deposits and withdrawals of Circle’s USD Coin via the Stellar network. Additionally, the Stellar (XLM) Anchor Platform has partnered with various companies, such as MoneyGram and Fonbnk, to provide payment solutions to the unbanked in Africa. These partnerships have positioned Stellar (XLM) as a strong contender in the cross-border payment industry, potentially surpassing Ripple XRP, which is currently facing legal proceedings.

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Alex The Doge (ALEX): Riding the Pre Bull Run Frenzy

Alex The Doge (ALEX) is a unique Play-To-Earn (P2E) gaming and Social-Fi platform that aims to revolutionize the gaming industry by allowing community members to participate in gaming challenges and earn ALEX tokens with real-world value. The platform is built on Polygon’s blockchain, offering scalability, speed, and security.

As the bull run looms on the horizon, projects like Alex The Doge (ALEX) are poised to benefit from the market’s upward momentum. Increased investor interest, coupled with the growing popularity of Play-To-Earn gaming and Social-Fi, creates a favorable environment for the success of projects like Alex The Doge (ALEX). The anticipation of a bull run can drive up token value and attract more users to the platform, further enhancing its ecosystem and potential for growth.

In conclusion, both Stellar (XLM) and Alex The Doge (ALEX) are experiencing significant developments and positive market trends. Stellar’s (XLM) partnerships and increasing adoption by financial institutions position it as a strong player in the cross-border payment industry. On the other hand, Alex The Doge’s (ALEX) unique combination of gaming, Social-Fi, and P2E opportunities has generated excitement and anticipation within the crypto community. As the crypto market prepares for a potential bull run, these projects are well-positioned to capitalize on the market’s upward momentum and continue to thrive in the coming months.

For more information about Alex The Doge (ALEX) presale use the links down below:

SSS Defies Court’s Bail Ruling, Rearrests Nigeria’s Former Central Bank Governor Emefiele

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Suspended Nigeria’s central bank governor Godwin Emefiele, was today rearrested by the State Security Services (SSS) most dramatically after he was granted bail by a federal high court in Lagos.

The court had earlier on Tuesday, granted bail to Emefiele at the sum of N20 million, ordering that the embattled former apex head be remanded at the correctional center until he meets the bail conditions.

The presiding judge, Justice Nicholas Oweibo, said in the judgment that charges against Emefiele are bailable, thus approving his bail application with one surety in like sum.

But in a video circulating online, the SSS, defying the court’s judgment, swooped into the courtroom to re-arrest Emefiele, leading to a physical altercation between them and the personnel of the Nigerian Correctional Service, who were to take the accused into custody, in accordance with the court judgment.

The SSS had arraigned Emefiele on a two-count charge bordering on illegal possession of firearms. The federal government had accused Emefiele of having in his possession, 123 rounds of live ammunition (cartridges) without a license.

Emefiele pleaded not guilty to the charges.

The fresh charges were filed after a federal high court quashed earlier charges leveled against the suspended central bank manager, ordering his release. In its earlier charges, the federal government had accused Emefiele of financing terrorism and economic crimes bordering on money laundering and mismanagement of the economy.

But the court ruled that the applicants have no evidence to prove their case and therefore, set the former apex bank governor free.

An attempt by the federal government to stop the approval of Emefiele’s bail application was rejected by the Lagos high court.

Following Emefiele’s plea, his legal team, headed by Joseph Daodu, a senior advocate of Nigeria, presented a bail application to the court. Daodu requested that the court grant bail to his client based on self-recognizance or other lenient conditions until the trial is heard and resolved.

“There is no counter affidavit from the federal government, this is an unopposed application. He is a renowned banker and can only stay at his house. He can’t travel anywhere,” Daodu said.

However, Nkiru Nebo-Jones, a deputy director of prosecution at the office of the attorney-general of the federation (AGF), raised objections to the bail application, stating that she has not yet received a copy of the document.

In response, Daodu argued that the office of the AGF had been duly served with the bail application document, and he further asserted that the proof of service, bearing the endorsement from the AGF’s office, is present in the court’s file.

“I find and hold that the prosecution has failed to establish why the defendant should not be granted bail,” Justice Oweibo ruled.

“Consequently the defendant is admitted to bail in the sum of 20 million naira with one surety in like sum.

“The surety must be owner of a landed property within the jurisdiction of the court who must not be less than Level 16 in the Nigerian Civil Service.

“The defendant must deposit his international passport to the court,” he said and adjourned the case to the 14th of November for trial.

However, some Nigerians have expressed deep concern over the event, which they said does not paint the country in good light, especially as it seeks the patronage of foreign investors. They said the SSS’ notoriety in showing total disregard for the rule of law beams with red flags that no serious investor would want to reckon with.

Emefiele’s trial has also been described as persecution by the Bola Tinubu administration. President Tinubu has been accused of being vindictive over the monetary policies that Emefiele rolled out during the presidential campaign period, which Tinubu said were designed to scuttle his chances at winning.

Congrats Folarin Alayande As Board of GLEIF

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Good People, join us to congratulate Folarin Alayande, PhD who was recently appointed to the board of Global Legal Entity Identifier Foundation (GLEIF), an organization which enables global identity, protects digital trust, and serves as a guardian of legal entity identifiers.

Tekedia Institute congratulates him for this milestone and wishes him more opportunities as he uses this platform to deepen African and Nigerian fintechs towards strengthening the integrity of our financial services and sector.

Dr, thank you most importantly for funding young people to Tekedia Institute via generous scholarships; you’re a funder of the future.

The Everything App X

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Have you ever wished you could have one app that does everything for you? From booking flights and hotels, to ordering food and groceries, to managing your finances and health, to connecting with friends and family, to finding entertainment and education, to accessing any service or product you can think of? Well, your wish has come true with the Everything App X, the ultimate app that promises to make your life easier, simpler and better.

The Everything App X is a revolutionary app that integrates hundreds of different apps into one seamless platform. You can access any app you want with just a tap, without having to download, install or switch between them. You can also use the app’s smart assistant, which can handle any request you have, such as booking a trip, ordering a pizza, paying a bill, scheduling a meeting, sending a message, playing a game, learning a skill, and more. The app’s assistant uses artificial intelligence and natural language processing to understand your needs and preferences, and to provide personalized and relevant suggestions and solutions.

The app also has a social network feature, where you can connect with other users who share your interests and goals. You can join communities, chat with friends, follow influencers, create content, earn rewards, and discover new opportunities. The app’s social network is designed to foster positive and meaningful interactions, and to help you grow as a person.

Back in May, 2022 on the All-In podcast, Musk said that the US needs a super app. “It’s either convert Twitter to that, or start something new. It does need to happen somehow,” he said.

“If you’re in China, you kind of live on WeChat,” Musk said. “It does everything. It’s sort of like Twitter, plus PayPal, plus a whole bunch of things all rolled into one, with a great interface. It’s really an excellent app, and we don’t have anything like that outside of China.”

The app also has a marketplace feature, where you can buy and sell anything you want. You can browse through millions of products and services from different categories and industries, such as fashion, electronics, beauty, health, education, travel, entertainment, etc. You can also sell your own products and services, or offer your skills and talents to other users. The app’s marketplace is powered by blockchain technology and smart contracts, which ensure secure and transparent transactions.

The super app, he continued, should serve as a “digital town square” that lets users leave comments and post videos. Once the platform had a high level of trust among the public, Musk said, “then payments, whether it’s crypto or fiat, can make a lot of sense.”

At a town hall event with Twitter employees a month later, Musk reiterated that idea. In China, “you basically live on WeChat,” Musk said, “because it’s so usable and helpful to daily life, and I think if we can achieve that, or even get close to that at Twitter, it would be an immense success.” He also suggested that Twitter’s user base could grow from just over 200 million to “at least a billion people,” CNN reported.

On Twitter on Tuesday, Musk said that, “Twitter probably accelerates X by 3 to 5 years, but I could be wrong.” The next day, he remarked, “Twitter is an accelerant to fulfilling the original X.com vision.”

The app also has a loyalty program feature, where you can earn points for using the app and its partners. You can redeem your points for discounts, coupons, cashbacks, freebies, gifts, donations, etc. You can also use your points to access premium features and benefits from the app and its partners. The app’s loyalty program is designed to reward you for being an active and loyal user of the app.

Musk co-founded an online bank called X.com in 1999, which later merged with another company to form PayPal. In 2017, he reacquired the domain name X.com from PayPal for an undisclosed sum.

Meanwhile, Musk founded SpaceX in 2002 and via his car company, Tesla, released the Model X in 2015. To pursue his Twitter bid, Musk established three holding companies in Delaware, all with variations of the name “X Holdings.”

Creating a US-based “super app” in the US would be no easy task, especially given the number of heavy hitters with similar ambitions. Facebook and Instagram have pushed into e-commerce, for instance, while Snapchat experimented with peer-to-peer payments. Amazon has extended in several facets of everyday life, while Walmart is moving into digital banking.

The Everything App X is more than just an app. It’s a lifestyle. It’s a community. It’s a marketplace. It’s a loyalty program. It’s an assistant. It’s everything you need and want in one place. It’s the ultimate app that will change the way you live.

What’s next for Twitter, or rather for X? Elon Musk has said it will be “the everything app”: Twitter, YouTube, PayPal, TikTok and Amazon all rolled into one, according to Axios, which spoke with Musk’s biographer, Walter Isaacson. Musk believes X can “easily” be a $1 trillion company, according to Isaacson — and he’s been mulling some form of the idea for close to 25 years. Yet, some marketing experts sayMusk is too quick to dismantle one of the world’s most recognizable brands: “Elon Musk has essentially wiped out 15 years of brand value from Twitter and is now essentially starting from scratch.”

The name “X” is likely to face various legal challenges, notes Reuters, given it is widely used and cited in hundreds of trademark registrations. (Linkedin news)

Join us and co-invest in some of the finest startups in Africa and beyond

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Yes, we invest in a lot of tech-anchored companies across industries and territories,  from agriculture to construction, real estate to financial services, downstream oil & gas to logistics, and more.  In the next few weeks, we will begin the next cycle of Tekedia Capital Syndicate.

Join us and co-invest in some of the finest startups in Africa and beyond.

(Sure, the requirements to become a member are very high, primarily because we want only those who can take early stage investing risks to join. We do not want anyone to use money for diapers and Indomie noodles for investing in fintechs, etc.)