DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4049

SEC Says Spot Bitcoin ETF Filings by BlackRock, Others Aren’t Clear

0

The U.S. Securities and Exchange Commission (SEC) has issued a statement on the recent wave of applications for spot bitcoin exchange-traded funds (ETFs), saying that they do not meet the standards for approval. The SEC said that the applicants have not demonstrated how they would comply with the federal securities laws and the rules of the national securities exchanges, especially in terms of preventing fraud and manipulation.

The SEC also said that the spot bitcoin market is highly volatile, unregulated, and susceptible to cyberattacks, which pose significant risks for investors and market integrity. The SEC urged the applicants to withdraw their filings or face rejection. The statement comes as a blow to the hopes of many bitcoin enthusiasts who have been waiting for a spot bitcoin ETF to launch in the U.S., following the success of several bitcoin futures ETFs that debuted last year.

A spot bitcoin ETF would track the price of bitcoin directly, rather than through derivatives contracts, and would allow investors to buy and sell bitcoin without having to deal with the complexities and costs of custody and storage. However, the SEC has been reluctant to approve such a product, citing concerns about the lack of oversight and transparency in the underlying market. The SEC has also rejected several proposals for bitcoin ETFs in the past, including those from VanEck, Bitwise, and Wilshire Phoenix.

The SEC’s statement does not mean that a spot bitcoin ETF is impossible in the future, but it does indicate that the current applications are inadequate and need to be revised or withdrawn. The SEC said that it welcomes engagement with potential applicants on how to address the issues it raised, and that it will continue to monitor developments in the digital asset space. The SEC also reminded investors to exercise caution when investing in any product related to bitcoin or other cryptocurrencies, and to do their own research before making any investment decisions.

Interestingly, Revolut US — one of the leading fintech platforms in the country, has announced that it will delist three popular cryptocurrencies from its app starting from September 1st, 2021. The affected coins are Cardano (ADA), Polygon (MATIC), and Solana (SOL).

According to a blog post published by Revolut US on August 25th, the decision to delist these coins was made due to regulatory uncertainty and compliance issues in the US market. The company stated that it has been working closely with its partner bank and regulators to ensure that it can offer a safe and compliant service to its customers, but that the current situation does not allow it to support these coins any longer.

Revolut US said that customers who hold any of these coins will have until August 31st to sell them or transfer them to an external wallet. After that date, customers will not be able to access their balances or perform any transactions with these coins. Revolut US also warned that customers who do not take action before the deadline may lose their funds permanently, as the company will not be able to recover them.

The announcement came as a shock to many Revolut US users, who expressed their disappointment and frustration on social media. Some users accused Revolut US of betraying its mission of democratizing finance and giving users more choice and control over their money. Others questioned the legitimacy and transparency of the company’s decision, and wondered if there were ulterior motives behind it.

Revolut US is not the first fintech platform to delist certain cryptocurrencies in the US market. Earlier this year, PayPal and Venmo also removed support for some coins, such as Dash (DASH) and Zcash (ZEC), citing similar reasons of regulatory compliance. However, Revolut US’s move is more significant, as it affects some of the most popular and widely used coins in the crypto space, with a combined market capitalization of over $100 billion at the time of writing.

The delisting of ADA, MATIC, and SOL also raises questions about the future of crypto regulation in the US, and how it will impact the innovation and adoption of this emerging technology. Many crypto enthusiasts and experts have been calling for more clarity and consistency from regulators, as well as more collaboration and dialogue between the public and private sectors. They argue that a more supportive and balanced regulatory framework is needed to foster innovation, protect consumers, and ensure fair competition in the crypto industry.

The US Supreme Court Made A Mistake By Striking Down Biden’s Student Loan Forgiveness

1

I am very unhappy the US Supreme Court has struck down Biden’s plan for federal student loan forgiveness. With this ruling, millions of students will not see their debts decreased or erased. As an immigrant who came with a student visa and who received the generosity and kindness of Americans that close to $400,000 of my education tuition/fees were paid for, under fellowships and scholarships, this ruling is painful.

It is painful because a student with loans has limited options. In other words, if you have a student loan, upon graduation, paying that loan becomes what drives your career. Yes, that startup opportunity is muted because the first loan payment is due in 6 months and the startup cannot support the payment.

This loan forgiveness in the generous America would have liberated many young people to DREAM, untethered by the burdens of loans. Sure, I understand the argument that if you keep forgiving loans, schools will keep racking up fees and tuition knowing that governments will take the tab. (Of course, most states are not open to allowing those loans to go since the tax on the interest payments generate massive revenue to them. In other words, the student loans are sources of revenue for most states.)

But that misses the point: potential beneficiaries of these loans are largely poor and lower middle class families. Most of their schools do not charge much, even as their schools do not give them the ladder to earn really much as the top 20 ranked universities in the United States. Those schools, if you graduate from them, just the name alone will get you a nice job, and with that job, you can pay off student loans. Have you seen an unemployed Harvard graduate? Johns Hopkins? IMT? They’re not smarter but their schools give them opportunities. 

Without Johns Hopkins and Carnegie Mellon in my resume, many opportunities I have today will not be possible. At least you have a chance before they know how competent you are!

The University of California, one of the country’s largest university systems, comprising nine different campuses, just issued a statement calling today’s ruling a “disappointment.”

“This historic relief program would have made a significant impact on the lives of college graduates, particularly for those from low-income backgrounds who are more likely to take on debt to complete their education,” the statement reads. “It also harms society as a whole: Those with student loans are less likely to earn advanced degrees, purchase a home, start their own business or make other investments that benefit their communities.”

It is an irony: it is safer to borrow $400k to attend Harvard than $40k to one yoyo school. While the Harvard guy can easily pay back that $400k, the guy from that low quality school will struggle for decades to pay the $40k. The $40k guy is among those Biden was trying to help. This ruling, unfortunately, will severely impact Blacks and Latinos more, and the Supreme Court missed an opportunity to reset futures for many young people.

Of course, law is not about morality, and the Court may not care.

My Response: “Bro U are a guest in somebody’s country.” – I am not a guest. I pay taxes in America and unlike possibly Nigeria , the system is designed for everyone to have a voice. Elon Musk is not a guest. So, leave that line of thinking and focus on ideas. This is about debate.

Your argument that if you must forgive student loans, also forgive mortgages, is valid. Also valid that Ford, GM, etc are getting special funds to improve their businesses even when SMEs get nothing. In a free society, you make your argument and the best win.
 
If you buy an EV car like Tesla, during tax filing, government gives* you some money. Buy non-EV, you get nothing. On your argument, government should not do that. The conclusion is this: government can forgive student loans today. In 2008-2011, it wrote off many mortgages without consulting students with loans.

HBAR Price Predictions: A Look At Uwerx Positive Outlook

0

Experts tip Uwerx to be even more impressive after the presale. We analyze its post-presale potential and Hedera’s (HBAR) market prospect below.

Uwerx is preparing to launch into the main market, and the expectations for the new crypto asset are high. It is expected to experience a post-presale surge and has all it takes for this to occur. The crypto project is already listed on CoinSniper, and the UniSwap listing will follow after its presale. These listings are projected to improve Uwerx’s market popularity and prominence, and the value could likely increase too. More is expected of the buzzing token in the coming months, and Hedera (HBAR) is another altcoin that could be worth your attention.

>>BUY WERX TOKENS NOW<<<

Hedera (HBAR) Shows Low  Loss Potential

Hedera (HBAR) is an excellent option for crypto investors who love playing safe. It is a low-price crypto asset with a lower loss margin. Hedera (HBAR) had a brief pump in the previous month but was unable to keep up the momentum, causing it to decline drastically. The altcoin is, however, showing signs of growing momentum. It has gained about 11%  price increase in the previous week, but analysts are not quick to see it as the beginning of a bullish reversal.

The bulls are currently in control of Hedera’s (HBAR) price swing. The altcoin has had about 4% price gain in the last 24 hrs, currently trading at $0.051. This is close to its $0.053 30-day peak price, indicating that the cryptocurrency’s decline isn’t outrageous.  Hedera (HBAR) could gain more momentum in the coming months,   improving its bullish run and profit-yielding potential.

>>BUY WERX TOKENS NOW<<<

Uwerx : Potential Investors Rush WERX’s Presale

Uwerx has demonstrated that it’s a reliable project with excellent future projections. The blockchain-backed platform will bring irresistible perks for freelancers, with a high possibility of attracting users across the globe. Uwerx’s features will help it stay ahead of competition, as the platform will introduce numerous features that no current platform can beat.

Some of the things to expect from Uwerx include a 1% transaction process fee, compared to the popular 10-20% minimum in the industry. Uwerx will also introduce rewards and incentives for freelancers and community members. Transparency, security, and productivity are not optimum in traditional freelancing platforms. However, Uwerx will improve on these limitations and others.

The community support Uwerx enjoys, its developers’ dedication, and the profitability of the freelancing industry are major factors that contribute to its projected success apart from its features. Crypto enthusiasts having doubts about Uwerx’s potential are now reaching a sudden realization after the release of the platform’s Alpha version.

The display of reliability by locking team tokens for 9 months and liquidity tokens for 10 months, as well as proof of adequate security auditing, has improved trust in the crypto project and eliminated pessimism. Uwerx is now gaining more attention than before, as everyone is trying to enter it at the current entry price.

Uwerx’s token price is expected to increase soon, causing potential investors to move swiftly toward entering its presale. This could be a smart move in the long run, and you should join the presale too.

 

Don’t miss out on the Uwerx presale:

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

5 Ways Society Can Help With The Effects of Obesity on Mental Health

0

A focus on Millennials and Gen Zs

 

My Interest

I never thought I know the standard definition of what it means to be Obese or Overweight until I developed an interest in researching this issue.

I aimed to first broaden my knowledge of Mental Health — and being someone very interested in the personal development of young people, I also wanted to examine the effects of obesity on the mental health of Millennials and Gen Zs.

With the optimism that I might be able to find non-medical ways but scientifically proven, that society and individuals can help young obese, or overweight people.

Introduction

According to World Health Organisation (WHO), being obese or overweight interprets a body mass index (BMI) of a person where over 25 BMI is considered overweight, and with over 30 BMI is obese.

Though the nontechnical meaning of being overweight or obese refers to an excessive or abnormal accumulation of fat in a manner that presents a health risk.

Mental Health refers to a person’s condition concerning their emotional and psychological well-being. In this WHO report, before the Covid_19 pandemic, 1 out of 8 persons worldwide suffered from a mental health condition. Furthermore, there is evidence of 10 years less life expectancy in individuals struggling with severe mental health issues than the general population.

Young people with mental health issues are identified to be a particularly vulnerable population group at risk for developing overweight and obesity conditions. This is because obesity causes depression and anxiety for most Millennials and Gen Zs.

Also, a mixture of severe mental health challenges and excess weight in young people may add to the disease burden and reduce self-esteem, social participation, and self-care behaviours like adhering to medication prescriptions while increasing stigmatisation.

Most known attempts to curb the rise of obesity in this population globally focus on food intake or nutrition monitoring and physical activity levels and exercises.

Five Psychosocial Ways Society Can Help With The Effects of Obesity On Individuals’ Mental Health

Outside the scope bracket of controlling obesity and overweight through (dieting and physical activities), I find that there are other ways society, families, and individuals can help.

I summarise my findings under five headings. While focusing on essential items to make this post relatable and valuable for readers.

  • We should minimise the focus on weight alone

I find that the current focus on the body weight of an individual by society and the constant talks on social media could be impacting and adding up psychological or psychosocial discontent for Millennials and Gen Zs who are struggling with body issues, increasing BMI, or eating problems/disorders.

Instead, an overall general healthy lifestyle should be promoted. Behaviours that promote a healthy lifestyle are not only needful for obese or overweight Millennials and Gen Z but for the whole demographic population irrespective of body weight condition.

  • We should intervene with weight bias and stigmatisation.

In every society, there is a culturally motivated beauty standard difference between males and females.

An article by Sachi, uncovers how there is a cultural beauty and weight acceptance difference between males and females in Japan — Why Japanese are Skinny? Are Those Genetics or Actually Have Great Nutrition? I have lived in the West for a couple of years now and it is the same. Also, in Africa!

So, there is a need to intervene in weight bias.

  • We should embrace healthy body status promotion.

Millennials and Gen Zs with body weight are more concerned about body weight than their healthy-weight counterparts.

An early focus on identifying and preventing body weight and shape image concerns could potentially minimise the negative psychological impacts of obesity on millennials and Gen-Zs.

This promotion is equally crucial to target triggers and develops prevention treatments.

  • We should target older generational role models.

Conceptions from older generations and weight — bias attitudes contribute to general societal weight bias.

As a society, all individuals of all age demographics similar to the idea of minimising the focus on weight alone should be educated in promoting healthy lifestyles and shift from judging weight and shape from the spectrum of models of health in the media.

  • The need for further research

One of the things I enjoy about academic research, which I have carried on with me to even my leisure research for writing or out of interest in a subject area or simply to be informed as an individual, is a section where the researcher suggests the need for further research and how and the area to be researched.

So, therefore, I will suggest further research in these areas — instead of studies that compare obese versus healthy-weight individuals, researchers should focus on understanding those factors that put most obese or overweight individuals at psychological risk.

The recurring gender differences on some of the impacts of obesity on mental health equally present the need to investigate why that exists and how to help both genders on differential levels if need be.

And finally, keep researching the prevalent mechanisms that contribute underlyingly to this abnormal weight gain like the roles of genetics and neuroendocrine processes, lifestyle and psychiatric medications, and lastly environmental factors.

Reference

Shelly, R.-M., Gail, M., Angela, B. & Alana, I., (2012). Mental Health, Wellness, and Childhood Overweight/Obesity. Journal of Obesity, 1(1), pp. 1-10.

Stewart, S. & Ogden, J., (2022). Motivating or stigmatising? The public health and media messaging surrounding COVID-19 and obesity: a qualitative think aloud study. Health Education, 122(4), pp. 374-386.

A Tekedia New Book on Nigeria’s Post-Petroleum Era, Tekedia Affiliate Program Coming

0

We will open registration for the next edition of Tekedia Mini-MBA tomorrow . It will be the best edition yet. A new revamped essay+video on Nigeria will be made available to registered learners. Yes, besides the current supporting books – The Dangote System: Techniques for Building Conglomerates, and Africa’s Sankofa Innovation – a new one will be added: “The Nigeria’s Post-Petroleum Era”. All come at no extra cost; they’re written as business manuals to help our learners.

In this essay+video work, I provide perspectives on Nigeria and the current economic redesign  in the nation.  We will also increase prices to account for operating realities in Nigeria, and beyond, after years we have resisted that. So, the next edition of Tekedia Mini-MBA will cost a little more.

We’re launching an Affiliate program which will enable people and companies to promote, market and close deals on Tekedia Mini-MBA, Tekedia Startup Masterclass, etc and earn commissions up to 25%. The Affiliate site will open on Monday, July 3; everyone is invited. Yes, you can build a business selling our products to potential learners. We have more learners than most universities.

As always, we appreciate the opportunity you give us to serve you in our companies. I always promote my companies and products because as a good global citizen, not making you aware of them, will be unfair to you and humanity, because they’re the #best! Thrive with Tekedia.