There is a race among cryptocurrencies to top the profit chart this year. Every project wants to achieve a promising growth rate in 2023. Subsequently, projects like Bitcoin Cash (BCH) and Ethereum Classic (ETC) are pumping their prices. However, their growth rate is no match for Collateral Network’s (COLT) presale success.

>>BUY COLT TOKENS NOW<<

Bitcoin Cash (BCH) Sees Increase In Trade Volume

Recently, through its Twitter handle, Bitcoin Cash announced that its network was witnessing a rise in trading volume. Many experts have linked the announcement to the recently launched CashTokens upgrade of Bitcoin Cash.

However, the same positive sentiment is absent in the price movement of Bitcoin Cash. The market value of Bitcoin Cash has slumped by 4% in the past month. Hence, the current trading price of Bitcoin Cash (BCH) has come down to $114.89. The market capitalization of Bitcoin Cash has also dipped from $2.5 billion to $2.2 billion in the last seven days. By market capitalization, Bitcoin Cash is in the 29th position.

Ethereum Classic (ETC) Hopes For A Rebound

After witnessing a rise in April for a brief period, Ethereum Classic has struggled to maintain its positive momentum. Ethereum Classic has witnessed downfalls in its price at regular intervals in recent weeks. Consequently, the market value of Ethereum Classic has nosedived by 8% in the past month.

Currently, Ethereum Classic (ETC) is available to trade at $18.28. At present, Ethereum Classic’s price is 90% below its all-time high of $176.16. However, the Ethereum Classic community is hopeful for a price rebound due to the network’s growing trading volume. Experts believe that an increase in the trading volume may provide a much-needed push to Ethereum Classic’s price.

>>BUY COLT TOKENS NOW<<

Collateral Network’s (COLT) Real-World Utility Gets Lauded

Collateral Network has expanded the crowdlending market by reinventing peer-to-peer lending and disrupting the pawnbroking industry. Collateral Network allows people to unlock liquidity against their real-world assets.

To get liquidity on Collateral Network, people can use a wide range of assets, such as rare wines, cars, luxury watches, and others. Once borrowers send their assets to Collateral Network, the platform uses artificial intelligence to assess the authenticity and value of borrowers’ assets., Afterward, the platform mints NFTs (non-fungible tokens) against these assets and fractionalizes them, enabling multiple lenders to provide liquidity by purchasing these fractions.

Collateral Network keeps all collateralized assets safe in its vaults until the settlement of loans. After the repayment of loans, borrowers get their assets back. But if a borrower defaults, the investors’ fund is recovered through the auctioning of distressed assets.

On Collateral Network, borrowers get liquidity at competitive rates, and lenders receive passive income in return for providing the needed liquidity. Collateral Network uses 2FA security options. The contractual information is stored in the NFT metadata on a public blockchain.

The presale price of COLT tokens has surged from $0.01 to $0.014. Analysts believe that the value of COLT tokens will jump to $0.35 by the end of the presale. Collateral Network’s COLT tokens are selling out fast. So, hurry and don’t miss out on the 100X profit opportunity.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

As Ethereum (ETH) gears up for its imminent upgrade, developers are meticulously testing its capacity to manage massive blocks via a significant data experiment. Led by Dankrad Feist, this investigation aims to ensure the robustness of Ethereum’s mainnet before the highly-anticipated upgrade. At the same time, the TMS Network concurrently experiences an impressive surge in user activity. Christine Kim, an expert in the field, provides further insight into Feist’s, Ethereum (ETH)  intriguing findings.

Ethereum (ETH) Prepares for ETH Upgrade: Decoding the Big Data Experiment

In anticipation of the forthcoming Ethereum (ETH) upgrade, Ethereum developers have conducted comprehensive big-data experiments. Led by Dankrad Feist, the experiments evaluated Ethereum (ETH) ability to process sizeable blocks, with results indicating stable performance even under increased data loads.

Ethereum (ETH) experiment focused on the impact of large blocks on key metrics such as bandwidth usage, block propagation times, and the number of missed attestations. Except for a single block reorganization case, the test revealed no significant anomalies, leading Feist to propose modifications to the EIP 4844 specification.

In the wake of the experiment, Ethereum (ETH) developers are now considering the inclusion of EIP 4788 and EIP 7045 in the Deneb upgrade. The key feature, EIP 4844, aims to enhance Ethereum (ETH) scalability and is set to launch in late 2023. This step will reduce costs and stimulate economic activity across the Ethereum (ETH) network.

TMS Network Experiences User Surge

TMS Network (TMSN) is increasingly being recognized for its multifaceted attributes and promising prospects in the crypto world. As a platform, it gives traders a unique advantage, enabling direct derivative trading using cryptocurrencies. Users simply connect their digital wallets to TMS Network to execute transactions, retaining complete control over their assets.

The TMS Network isn’t solely a trading platform and a worthwhile investment. Token investors can reap profits from commissions from the platform’s expansive trading volume, encompassing a variety of tradable assets such as cryptocurrencies, equities, foreign exchange (FX), and contracts for difference (CFDs). In addition, support for MT4 and MT5 platforms solidifies TMSN’s extensive ecosystem, bolstering its stature in cryptocurrency.

In its presale phase, TMS Network offers an irresistible $0.104 token, sweetened with a time-limited 50% bonus. Market analysts foresee a bullish path for the TMS Network, projecting its value to rocket to $2.20 by the end of 2023. Such predictions underscore TMS Network’s emerging market dominance, providing a hopeful vision of its future impact in the blockchain sector.
Join the Presale

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/TMSNetworkIO

Twitter: https://twitter.com/@tmsnetwork_io

Having real-world utility is one way cryptocurrencies can succeed tremendously in the coin market. That is why the new project, Uwerx, is making waves in its ongoing presale. Its outstanding features and real-world applications have drawn investors to the platform.

This guide explores the latest news on Ethereum Classic (ETC) and Fetch.ai (FET) and explains why analysts predict that Uwerx will perform exceptionally upon launch. Let’s begin with Ethereum Classic (ETC).

Ethereum Classic (ETC) Faces Criticism

On May 19, 2023, Cardano (ADA) founder, Charles Hoskinson, criticized Ethereum Classic (ETC) as having no roadmap, innovation, team, or vision. He added that the Ethereum Classic (ETC) community operated in anger and toxicity.

This critique was in response to the Ethereum Classic’s (ETC) refusal to include Ergo (ERG) in a summit focusing on Proof-of-Work, co-hosted by ETC Cooperative and the Litecoin (LTC) Foundation.

Despite this criticism, Ethereum Classic (ETC) has continued growing for seven days. The project is trading at $18.29 and ranked #25 in the crypto market.

Analysts predict that Ethereum Classic (ETC) could still rise to $33.7 within Q4 2024

Fetch.AI (FET) Begins Recovery

On May 19, 2023, Fetch.ai (FET) announced the launch of the Fetch super wallet, Fetch.ai Wallet 0.10.0. The Fetch.ai Wallet will have improved capabilities to resolve ledger connection issues.

It will also offer expanded support for cosmos chains, Integrate the most recent Kepler features and UI updates, and provide instant feedback on Fetchbot responses.

Fetch.ai (FET) also announced that the project had integrated a new feature, Agentverse.ai v4. This feature will allow Agentverse Agents to interact with the Fetch super wallet.

These developments have seen the project value rise 7.27% to $0.26 in the past seven days. Analysts believe the coin can increase to $0.64 within Q3 2024.

Uwerx (WERX) Is Performing Wonders In Its Presale

Crypto traders admit that the ongoing Uwerx presale is among the most impressive ones they have encountered in the coin market. This is because Uwerx has surpassed developers’ and investors’ expectations.

The project blew past the first four presale stages within a few weeks. To early investors, this is a sign of greater days ahead. The fifth presale stage just launched, and investors and analysts have tipped it for success.

This presale success can be attributed to the agile methodology approach used by Uwerx’s development team. With this approach, the team breaks the project into different batches, effecting changes and improvements as they progress.

With Uwerx’s fast payments, decentralization, higher transparency, and a 1% transaction fee, analysts believe the greater days are nearer than we think.

Based on the speed at which Uwerx sold out in the presale stages, the Uwerx team made some changes to the token allocations.

They raised the total presale token allocation to 57% (427,500,000) and released 77,500,000 tokens for the fourth presale stage and 72,500,000 tokens for the fifth presale stage. They raised the launch price to $0.095 – $0.115, reduced the founding members’ token allocation to 7%, and reduced the purchase bonus from 20%.

Uwerx is in the fifth presale stage and selling for $0.041. Investors can be assured about the safety of their funds with Uwerx as SolidProof and InterFi Network audited the project before the presale started. The Uwerx team has announced that they will renounce smart contract ownership of Uwerx when it lists on centralized exchanges.

Additionally, after a poll where 82.8% of respondents voted in favor of placing the proposed 25-year liquidity lock on developers’ tokens before the end of the presale, the Uwerx team who had planned to activate the lock after the presale ends, indicated that a new date for this will be announced soon.

In another poll, 98.2% of the Uwerx community desired a Test Airdrop. The Uwerx team believes it will help users verify that they have entered the correct Receiving Wallet Address.

Meanwhile, the Uwerx team has announced the release of the Alpha version of their platform. Within the coming weeks, they will continually release more platform parts, including Log In Page, Sign In Page, User Dashboard, Settings, Posting Jobs, Finding Jobs, etc. The team will also begin to transition to the platform’s Beta Version, where users can start to test the platform themselves.

Additionally, they have announced a dedicated email (feedback@uwerx.network) where users can drop suggestions, feedback, and recommendations.

The team has also announced the Uwerx Vault, an innovative feature where users can save their tokens for a desired duration. Users will also earn rewards from the Uwerx vault.

Based on these innovative approaches to their ICO, experts believe that Uwerx will likely reach $3 within Q2 2024. We believe that since Uwerx has already amassed 5,546 sign-ups and 1,627 and 1,456 followers on Twitter and Telegram, respectively, it is on its way to prominence in the coin market.

Click the links below to join the ongoing presale and get your hands on your 15% purchase bonus.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

New Directives in the Acquisition of Foreign Exchange from Authorized Dealers in Nigeria.

It was recently announced by the Central Bank of Nigeria through its Authorized Dealers (Banks) that the following regulations will henceforth apply in foreign exchange purchases :-

– In compliance with Ss.85(2),(4) & (5) of the Personal Income Tax Act(as amended), customers applying for the purchases of Forex Forms A(invisible), Form Q(SMEs), & Form M(for letters of credit & bills for collection) are now required to submit their Tax Clearance Certificates (TCCs) evidencing tax payments for 3 preceding the current year of assessment OR a Tax Exemption Certificate.

– Tax Certificates would also be required for sourcing FX-based Personal Travel Allowance and Business Travel Allowance (PTA/BTA) transactions which have been generally reduced to $2,000 from $4,000 by most authorized dealers. 

– This is in addition to all existing documentary requirements to be uploaded on the regulatory platform of the CBN.

– These new directives are regulatory compliance requirements aimed at efficiently processing foreign exchange transactions in Nigeria.

 Details of the Central Bank of Nigeria Prohibition of Form “M” For Fertilizer Importation in Nigeria.

On the 30th of January,2020, the Central Bank of Nigeria (CBN), pursuant to its earlier circular dated the 10th of December,2018, gave in a subsequent circular the following directions :-

– That an existing ban on the importation of all NPK Fertilizers into Nigeria remains in force.

– That no authorized dealer shall henceforth establish Forms M for the Importation of NPK Fertilizers into Nigeria.

– In view of the foregoing, any authorized dealer that establishes Forms M for the importation of all NPK Fertilizers & any other variant shall be severely sanctioned including the management and staff responsible for the transaction.

– Strict compliance with this circular is required.

Details of the CBN Regulation for the Operation of Indirect Participants in the Nigerian Payments System.

The Central Bank of Nigeria (CBN) on the 11th of November,2019, released a set of regulations pursuant to its jurisdiction to promote sound financial systems in the country for the development of an efficient and effective payments system in Nigeria.

This article will be looking at the provisions of these regulations.

What are the objectives of these CBN regulations?

1). To set out the procedures for effective integration of indirect participants in the payments system in Nigeria.

2). To standardize the operation of indirect participants in the payments system, taking into cognizance their operational risks.

3). To provide a framework for the clearing and settlement of indirect participants payment instruments through the direct participating banks.

4). To strengthen indirect participants for effective contribution to digital financial services in Nigeria. 

What are the minimum criteria for indirect participants?

To qualify as an indirect participant, an institution shall :-

1. a) have a satisfactory risk-based rating from the CBN & secure a letter of recommendation from its direct participating bank, signed by the Chief Risk Officer and an Executive Director of the direct participating bank;

b). comply with Nigerian Uniform Bank Account Number (NUBAN) standards.

What are the general principles guiding indirect participants as outlined in the regulations?

The general principles outlined in the regulations are as follows:-

– Only direct participating banks are permitted to settle payment obligations of indirect participants.

– An indirect participant shall settle all its payment obligations through only one (1) direct participating bank per payment scheme at any given time.

– The relationship between a direct participating bank and an indirect participant shall be governed by a settlement agreement.

– Where the account of an indirect participant with a direct participating bank is not adequately funded, the direct participating bank may decline further settlement services to the indirect participant and inform the payment processor accordingly.

What are the components of the payments system?

The payments system as governed by these CBN regulations is made up of :-

– Cheque clearing

– EFT & Bulk payments

– Instant payments

– Card Issuance

– Card transaction & acquiring (ATM, POS, Web, etc)

– Portals (e-reference, anti-fraud, e-passport, etc)

– The Bank Verification Number (BVN) system

– Any other component approved by the CBN

What are the obligations of indirect participants under the CBN regulations?

– To comply with applicable provisions of the Nigerian Bankers Clearing System(NBCS) rules.

-To maintain a settlement account/accounts with the direct participating bank wherein the net settlement position of the indirect participants shall be credited or debited as may be appropriate after each settlement session.

– Pledging collateral in an amount as agreed with the directly participating bank which shall serve as security for settlement obligations.

– To pay settlement fees to the directly participating bank annually or as may be agreed by the parties.

How are settlement agreement/indirect participant disputes to be settled?

Indirect participant disputes are to be settled according to the dispute resolution clauses of settlement agreements or if that fails, by recourse to the CBN Dispute Resolution mechanism.