DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4048

[Updated] SSS Charges Godwin Emefiele

By
Ndubuisi Ekekwe
-
1
Godwin Emefiele (CBN governor)

It takes a man/woman who has reached the topmost mountain to know the depth of the deepest valleys.  That Godwin Emefiele, the suspended governor of Nigeria’s apex bank, has been charged to court is a lesson for ages. While the details of the charges have not been made public, note this: doing your job poorly in banking is not an excuse; a bank could charge you for sabotage.

As I have noted the challenges we faced as young graduates running a bank’s end of day runs which if you make a single mistake, the bank would not open the next day because “system is down”. Largely, two young men have an enormous power in the night to determine what happens in a bank. If you sleep and do not execute, the penalty may not be just being fired, indeed you could be prosecuted for sabotaging the bank, because the bank would not open for business the next day. (Of course, they paid you so well that it was all blissful.)

So, the case against Emefiele will be intriguing. Here is what the secret police said:

“Sequel to an Abuja High Court Order of today, 13th July 2023, the Department of State Services (DSS) has confirmed that Mr Godwin Emefiele has been charged to court in compliance with the Order,” SSS spokesperson Peter Afunanya wrote.

“In a statement, the Force public relations officer Peter Afunaya, recalls that the Service had, in 2022, applied for a Court Order to detain him in respect of a criminal investigation.

“The statement notes that though Emefiele obtained a restraining order from an FCT High Court, the Service, however, arrested him in June 2023 on the strength of suspected fresh criminal infractions/information, one of which forms the basis for his current prosecution.

“The Service assures the public of professionalism, justice and fairness in handling this matter and indeed the discharge of its duties within the confines of the law,” .

Emefiele will be out soon; Nigeria rarely prosecutes rich men who have access to SANs and amalgam of big lawyers. Yet, I expect fairness and his rights must be respected, as written in the rule book. I understand the emotions but pause that because it takes a “village” of policymakers to wreck Nigeria, and if you look critically, you cannot put it on just one man. From insecurity to porous borders to everything, it goes beyond what happened in the CBN (Central Bank of Nigeria) headquarters. So, Nigeria must modulate, and be factual, on this voyage of prosecuting its central bank governor!

Update: It seems Emefiele has been released

Ripple XRP Wins Case against SEC, Not a Security Asset

By
Paul Ugbede Godwin
-
0

In a landmark ruling, the U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Ripple, the company behind the XRP cryptocurrency, and declared that XRP is not a security asset. This means that XRP can continue to operate as a digital currency without being subject to the same regulations and restrictions as securities, such as stocks and bonds.

The SEC had accused Ripple of selling unregistered securities worth $1.3 billion through its XRP token sales since 2013. Ripple argued that XRP was a medium of exchange and a utility token, not an investment contract that gave investors a stake in the company. The case hinged on whether XRP met the criteria of the Howey Test, a legal framework that determines whether an asset is a security or not.

The court sided with Ripple, finding that XRP did not meet the Howey Test because:

XRP holders did not have a common enterprise with Ripple, as they did not share in the profits or losses of the company.

XRP holders did not have a reasonable expectation of profits based on Ripple’s efforts, as they could use XRP for various purposes, such as cross-border payments, remittances, and trading.

XRP holders did not rely on Ripple’s managerial or entrepreneurial skills, as they could transact with XRP independently of Ripple’s involvement.

The judge also noted that the SEC had failed to provide clear and consistent guidance on how to classify digital assets, and had acted arbitrarily and capriciously in pursuing its case against Ripple. She said that the SEC had violated the due process rights of Ripple and its investors and had caused irreparable harm to the XRP ecosystem.

The court also noted that XRP had a clear use case and value proposition as a global payment system that was faster, cheaper, and more scalable than traditional methods. The court recognized that XRP had a legitimate role in the innovation and development of the blockchain and crypto industry.

The ruling is a major victory for Ripple and the XRP community, as it clears the legal uncertainty and regulatory hurdles that have plagued the project for years. It also sets a precedent for other crypto projects that may face similar challenges from the SEC in the future.

The market reacted positively to the news, as XRP surged by over 50% in the hours following the announcement. According to CoinMarketCap, XRP reached a high of $1.87 on July 13, 2023, its highest level since May 2021. The market capitalization of XRP also increased by more than $50 billion, making it the fourth-largest cryptocurrency by market cap. Many analysts and experts predict that XRP will continue to grow and reach new highs in the coming months.

Ripple CEO Brad Garlinghouse expressed his gratitude and relief in a tweet, saying:

Today is a great day for crypto and the future of the internet. We are grateful to the court for recognizing the innovation and potential of XRP and for dismissing the SEC’s baseless claims. We look forward to continuing our mission of creating an open and inclusive financial system for everyone.

Garlinghouse also thanked the XRP community for their loyalty and support throughout the legal battle, and said that Ripple would continue to work with regulators and policymakers to foster innovation and adoption of digital assets.

Ripple also announced that it will resume its operations in the U.S. and expand its partnerships with banks, payment providers, and other institutions that want to leverage its technology and network. Ripple said that it will continue to work with regulators and policymakers to ensure that crypto is adopted in a responsible and compliant manner.

Ripple XRP has proven itself to be a resilient and valuable asset that can overcome any challenge. It has also shown that it is not a security asset, but a currency that can benefit millions of people around the world. The future is bright for Ripple XRP and its supporters.

Is Tron the Winner of the Cryptocurrency Adoption? Polkadot and BEASTS Coin Join the Fight

By
TI Partners
-
0

In the dynamic world of cryptocurrencies, Tron (TRX), Polkadot (DOT), and BEASTS Coin (BEASTS) have emerged as contenders in the race for widespread adoption. Each of these digital assets brings a unique set of features and innovations that contribute to the ever-evolving landscape of blockchain technology.

As more users seek secure and decentralised financial solutions, the battle for dominance in the crypto market intensifies. In this article, we explore the potential of Tron, Polkadot, and BEASTS Coin, highlighting their distinctive attributes and discussing how they shape the future of cryptocurrency adoption.

Polkadot: Uniting Blockchain Networks

Polkadot, an ambitious project aiming to connect various blockchains, has gained recognition as a scalable and interoperable platform. By enabling different blockchains to communicate and share information, Polkadot seeks to address the challenges of scalability and compatibility faced by the blockchain industry.

With its innovative approach, Polkadot empowers developers to create customised and specialised blockchains while facilitating seamless interaction among different networks. Through its novel consensus mechanism and governance framework, Polkadot strives to revolutionise the way blockchain networks collaborate and interoperate.

Tron: Revolutionising Decentralised Finance

Tron, a blockchain-based platform, has garnered significant attention within the cryptocurrency community. With its focus on scalability and high transaction throughput, Tron is a powerful contender for mass adoption. Tron’s Total Value Locked (TVL) continues to rise, demonstrating the growing confidence in its decentralised finance (DeFi) ecosystem.

Furthermore, Tron boasts remarkably low daily transaction costs, making it an appealing choice for users seeking efficiency and affordability in their crypto transactions.

BEASTS Coin: Redefining Community Involvement

Welcome to BEASTS Coin’s enthralling universe, a crypto presale that has piqued the curiosity of crypto enthusiasts worldwide. BEASTS Coin is a market leader in the meme coin industry, standing out for its unmatched user experience. Utilising its particular qualities while actively contributing to the growth of the BEASTS Coin ecosystem is possible with this one-of-a-kind digital asset.

By taking part in the ground-breaking BEASTS Coin referral program, you may gain access to extra perks and the chance to generate passive income. Every time you successfully refer someone to make a purchase, you, as the referrer, will receive an eye-catching 20% bonus on Tether (USDT) tokens. The platform’s growing popularity, which promotes decentralised growth and paves the way for a promising future, is demonstrated by the ongoing live presale of BEASTS Coin.

As the cryptocurrency industry continues to evolve, Tron, Polkadot, and BEASTS Coin emerge as prominent players driving the widespread adoption of digital assets. Tron’s emphasis on scalability and affordability positions it as a force to be reckoned with in the realm of decentralised finance. Polkadot’s ambition to unite blockchain networks and enhance interoperability offers a compelling vision for a more interconnected future.

Meanwhile, BEASTS Coin’s innovative community involvement and referral program bring a unique twist to the meme coin market. With their distinctive features and promising potential, Tron, Polkadot, and BEASTS Coin contribute to the ever-growing excitement surrounding the future of cryptocurrency adoption. As blockchain technology continues to mature, the future holds great promise for these digital assets and the transformative possibilities they bring.

BEASTS Coin :

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

Is XRP a Security? What Their Argument Against the SEC Means for Cryptocurrencies like BEASTS Coin

By
TI Partners
-
0

Enter the captivating realm of cryptocurrency, where innovation and decentralization flourish. In this article, we explore the ongoing debate surrounding XRP’s (XRP) classification as a security and its potential implications for cryptocurrencies like BEASTS Coin (BEASTS).

Each of these digital assets offers unique features that set them apart in the ever-evolving landscape of blockchain technology. Let’s delve into the intricate world of XRP, examine the stance of its community, analyze the recent decision made by Gary Gensler, and consider how it all relates to the promising future of BEASTS Coin.

XRP: A Digital Asset Challenging the Security Label

XRP, a prominent cryptocurrency in the blockchain ecosystem, has long been at the center of a contentious debate regarding its status as a security. While regulatory bodies have expressed concerns over its initial distribution and Ripple’s involvement, the XRP community maintains a staunch belief that the tokens do not meet the criteria of a security.

They argue that XRP serves as a utility token facilitating efficient cross-border transactions on the RippleNet network rather than representing an investment contract. This unique perspective fuels their conviction that XRP should be treated as a distinct digital asset with utility and value beyond the traditional securities framework.

Gary Gensler’s SEC Decision: Implications for Crypto

Gary Gensler, the appointed Chairman of the U.S. Securities and Exchange Commission (SEC), is responsible for overseeing the regulatory landscape for cryptocurrencies. Speculation abounds regarding Gensler’s stance on the matter, given his extensive knowledge and experience in the crypto industry.

As Gensler’s tenure unfolds, his decision is expected to set an important precedent for the classification of cryptocurrencies. The outcome of this ongoing saga will impact not only XRP but also other digital assets like BEASTS Coin, whose unique qualities may warrant careful examination under evolving regulatory frameworks.

BEASTS Coin: A Roaring Community

Explore the magical world of BEASTS Coin, a remarkable cryptocurrency that has the attention of crypto fans, as you embark on an adventurous voyage. Through its unmatched user experience, this digital asset revolutionizes community interaction in the meme coin market.

Users may access a wide range of benefits and make use of the BEASTS Coin ecosystem’s unique characteristics by actively contributing to its growth. Experience the cutting-edge referral program, where each accepted referral results in a stunning 20% bonus in Tether (USDT) tokens. BEASTS Coin opens the road for decentralized growth and establishes a strong foundation for its bright future, with its current live presale attracting tremendous interest.

As the debate surrounding XRP’s security classification unfolds, and Gary Gensler’s decision shapes the regulatory landscape, the world of cryptocurrencies enters a transformative phase. The unique characteristics of XRP, BEASTS Coin, and other digital assets provide distinct value propositions, igniting excitement and spurring innovation.

While the future remains uncertain, the vibrant and dynamic nature of the crypto industry points towards a hopeful tomorrow, where technological advancements, community participation, and regulatory clarity converge to propel cryptocurrencies into new realms of success. Stay tuned as this exciting journey continues to unfold.

 

BEASTS Coin :

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

Is Avalanche a Good Crypto? Cardano Operates Efficiently and Big Eyes Coin Continues to Rise

By
TI Partners
-
0

Avalanche (AVAX), Cardano (ADA), and Big Eyes Coin (BIG) have emerged as noteworthy players, each with its unique features and promising potential. While Avalanche pioneers a novel consensus protocol, Cardano stands out for its efficiency and scalability, and Big Eyes Coin captivates users with its captivating fusion of cats, memes, and environmental consciousness. Let’s delve into each of these cryptocurrencies and uncover the reasons behind their growing popularity.

Avalanche: Revolutionizing Consensus Protocols

Avalanche, the trailblazer in our trio, introduces a groundbreaking consensus protocol that sets it apart from traditional cryptocurrencies. Its innovative Avalanche consensus mechanism enables quick transaction confirmation, high throughput, and remarkable scalability.

By utilizing a novel approach called “meta-consensus,” Avalanche ensures a high level of decentralization while maintaining impressive network performance. With its emphasis on speed, security, and decentralization, Avalanche is poised to revolutionize the crypto landscape and potentially become a prominent force in the years to come.

Cardano: Efficiency and Scalability Redefined

Cardano has gained recognition for its efficient and scalable blockchain platform, which has positioned it as a strong contender in the crypto market. By utilizing a unique proof-of-stake consensus algorithm called Ouroboros, Cardano achieves energy efficiency while maintaining the security and integrity of its network. This eco-friendly approach not only benefits the environment but also facilitates faster transaction processing and lower fees.

Moreover, Cardano’s layered architecture allows for the seamless implementation of smart contracts and the development of decentralized applications (dApps). With its focus on efficiency and scalability, Cardano is on track to become a leading player in the crypto industry.

Big Eyes Coin: The Cat-Meme Fusion

Big Eyes Coin stands out from the crowd by combining the adoration for cats with the allure of memes in a truly captivating manner. However, its appeal goes beyond its charming concept. Big Eyes Coin prides itself on being environmentally conscious and energy-efficient, utilizing a decentralized network and a proof-of-stake consensus mechanism.

By prioritizing sustainability and raising awareness about environmental issues, Big Eyes Coin is driving positive change within the crypto space. Furthermore, the recent successful AMA session has fostered stronger bonds between the team, the community, and potential investors, solidifying its supportive network. Additionally, Big Eyes Coin has made strides in the crypto gambling sector through the introduction of Big Eyes Casino, a gaming and entertainment platform boasting an extensive library of over 4,000 games!

In conclusion, Avalanche, Cardano, and Big Eyes Coin offer unique contributions to the crypto world, each showcasing its distinct features and capabilities. Avalanche’s groundbreaking consensus protocol, Cardano’s efficiency and scalability, and Big Eyes Coin’s blend of feline adoration, memes, and environmental awareness make them stand out in this competitive market.

As these cryptocurrencies continue to gain momentum and expand their user base, the future looks promising for their ongoing development and influence. With their innovative approaches, these rising stars are shaping the future of the crypto industry, bringing new opportunities and exciting possibilities to investors and enthusiasts alike.

 

Big Eyes Coin (BIG):

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

1...4,0474,0484,049...8,142Page 4,048 of 8,142

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy