In the fast-paced world of technology and finance, remarkable events have unfolded, capturing the attention of enthusiasts, investors, and casual observers alike. Three notable occurrences have taken the stage, each with unique impact and significance.

The rise of TMS Network (TMSN) has set the stage for an imminent overtaking of Decentraland, a virtual world built on blockchain technology. Meanwhile, Dogecoin (DOGE), the beloved cryptocurrency with a Shiba Inu mascot, witnessed an astonishing 8,220% surge in activity, leaving many bewildered and intrigued.

Simultaneously, TRON (TRX), a blockchain platform, has reached unprecedented heights, boasting a staggering daily transaction volume of 10.9 million. We delve into the details of this dynamic innovation landscape, marvelling at the trends and implications behind these extraordinary events.

Dogecoin (DOGE)

In a surprising twist, Dogecoin (DOGE) witnessed an incredible 8,220% spike in daily transactions, skyrocketing from around 25,000 to a remarkable peak of 2.08 million last Saturday. Dogecoin (DOGE) has been on a downward trajectory for the past three months, experiencing a significant decline of 54% from its previous peak.

Adding to the bearish sentiment, the relative strength index (RSI), a tool that measures price momentum, currently stands at 41 for Dogecoin (DOGE), suggesting a potential continuation of the prevailing downtrend.

The remarkable surge in daily transaction activity for Dogecoin (DOGE) has undoubtedly stirred curiosity and speculation within the cryptocurrency community. However, while many factors may have triggered the surge, the lasting impact on Dogecoin (DOGE)’s overall market performance remains to be seen.

As the meme coin continues to captivate both enthusiasts and sceptics alike, all eyes remain on Dogecoin (DOGE) to determine whether this surge in transaction activity will translate into a revitalization of its price trajectory or if it will ultimately prove to be a temporary anomaly in its tumultuous journey.

TRON (TRX)

Justin Sun, the founder of TRON (TRX), a prominent decentralized blockchain DAO ecosystem in the crypto industry, announced a significant achievement for the token. TRON (TRX) processed a remarkable 10.9 million daily transactions, reaching an all-time high.

This milestone indicates a surge in activity within the TRON (TRX) network, even amidst a generally pessimistic market sentiment. While TRON (TRX)’s price performance has been lacklustre, its network has steadily expanded throughout the crypto winter.

Despite TRON (TRX)’s price struggles, its network has consistently grown and is resilient. The recent surge in daily transactions is a testament to TRON (TRX)’s increasing popularity and usage within the crypto community. This growth is further exemplified by surpassing 5.7 billion total transactions on the TRON (TRX) network, underscoring the network’s expanding reach and adoption.

Looking ahead, TRON (TRX) has exciting developments in the pipeline for its mainnet. With key milestones already achieved, the network is poised for further enhancements and upgrades. These upcoming improvements will bolster TRON (TRX)’s capabilities and contribute to its market performance.

As TRON (TRX) continues to make strides in network growth and innovation, its position as a prominent player in the crypto ecosystem remains steadfast, despite the challenges faced by its price in the market.

TMS Network (TMSN)

TMS Network (TMSN) revolutionizes the trading world as a decentralized platform that seamlessly bridges the gap between cryptocurrency and traditional traders. With its exceptional features and capabilities, TMS Network (TMSN) empowers users to engage in trading activities across various assets, including cryptocurrencies, CFDs, equities, Forex, and stocks.

One of the standout advantages of TMS Network (TMSN) is its ability to facilitate instant deposits and withdrawals using cryptocurrencies, providing traders with a seamless and efficient trading experience.

The TMS Network (TMSN) ecosystem boasts an array of remarkable and unique features that cater to the needs and desires of today’s traders. Among these features is non-custodial asset management, which ensures that users have complete control over their funds, enhancing security and eliminating the need for intermediaries.

Additionally, TMS Network (TMSN) incorporates a price aggregation feature, enabling traders to access real-time market data from various sources, facilitating informed decision-making.

Furthermore, the platform offers social trading capabilities, allowing users to connect, share insights, and follow successful traders, creating a collaborative and engaging environment. Moreover, TMS Network (TMSN) rewards users for stacking their tokens, offering incentives for long-term holders and promoting network participation.

In its latest milestone, TMS Network (TMSN) has entered its highly anticipated fourth presale, experiencing a significant price surge from $0.088 to $0.104. The project’s promising trajectory suggests that TMSN’s price is projected to grow exponentially, potentially reaching a staggering 50x increase by the end of the presale and a remarkable 100x surge after the official launch.

In addition, TMS Network (TMSN) offers an enticing incentive to entice investors by providing a 100% deposit bonus for those purchasing TMSN tokens during the presale period. This limited-time opportunity allows investors to maximize their investment potential and secure their share of TMS Network (TMSN) tokens before the platform launches.

Conclusion

The astronomical surge in Dogecoin’s activity serves as a reminder of the unpredictability and excitement inherent in the cryptocurrency market.

Finally, TRON’s record-breaking transaction volume exemplifies the growing demand for blockchain platforms and the expanding reach of decentralized finance. With each development, we witness the relentless march of progress, beckoning us towards a future where innovation knows no bounds.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/TMSNetworkIO

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

Meta has announced its plans to introduce a new broadcasting feature called Channels for its popular WhatsApp messaging service.

Channels will function as a “private broadcast service,” allowing individuals and organizations to send messages and updates to their followers separately from regular interpersonal communications on WhatsApp.

Admins overseeing a WhatsApp channel will have the ability to send text, photos, videos, stickers, and polls to their followers. However, recipients will not be able to reply to these messages. The channels will retain messages for 30 days before automatic deletion, and admins will not have the option to add followers to their channels.

Unlike traditional WhatsApp messages, Channels will not employ end-to-end encryption. This decision enables them to reach a broader audience, according to a blog post by WhatsApp. Nevertheless, WhatsApp does mention that end-to-end encrypted channels may be introduced in the future for specific groups such as nonprofits or health organizations that prioritize secure communications.

To facilitate user discovery, WhatsApp plans to offer a searchable directory where users can find and join Channels of their interest. The Channels they follow will be accessible through a new “Updates” tab, separate from their chats with family, friends, and communities.

As part of the launch, WhatsApp is collaborating with various organizations, including the Singapore Heart Foundation and Colombia Check nonprofit, to introduce Channels in Colombia and Singapore initially. The service will subsequently be expanded to other countries later this year.

In the long run, WhatsApp intends to allow anyone to create a WhatsApp channel, expanding beyond its current launch partners, which include the International Rescue Committee and the World Health Organization.

Meta CEO Mark Zuckerberg recently stated in an interview that WhatsApp represents the “next chapter” for the company, envisioning it as a lucrative business similar to Instagram and the core Facebook app.

While Meta primarily generates its revenue from online advertising, it has refrained from introducing ads on WhatsApp like it has on Facebook and Instagram. Instead, the company aims to monetize WhatsApp through business-messaging features, offering companies more engaging ways to interact with users.

In the blog post, Meta also hints at supporting channel admins in building businesses around their channels by leveraging expanding payment services and promoting selected channels in the directory to boost awareness.

The Central Bank of Nigeria  (CBN) Code of Corporate Governance For Finance Companies (Shareholders, Disclosures, Risk Management)

What does the Code of Corporate Governance For Finance Companies say about the rights and functions of Shareholders?

-Shareholders shall have the right to obtain relevant and material information from the FC on a timely and regular basis.

-Shareholders shall have the right to participate actively and vote in general meetings.

-In addition to the traditional means of communication, FCs are encouraged to have a website and communicate with shareholders via the website, newsletters Annual General Meetings (AGMs) and/or 

Extraordinary General Meetings (EGMs). Such information shall include major developments in the FC, risk management practices, executive compensation, establishment of investment in subsidiaries and associates, board and top management appointments, sustainability initiatives 

including Corporate Social Responsibilities (CSR), and any other relevant information.

What does the code say about equity ownership in finance companies?

– Except as approved by the CBN, no individual, group of individuals, their proxies or corporate entities and/or their subsidiaries shall own controlling interest in more than one (1) FC. 

What does the code say about the protection of Shareholders’ rights?

The code makes the following provisions :-

-Every shareholder shall be treated fairly.

-The Board shall ensure that minority shareholders are adequately protected from overbearing influence of controlling shareholders.

-The Board shall ensure that the FC promptly provides to shareholders documentary evidence of ownership interest in the FCs such as share certificates, dividend warrants and related instruments.

– Where these are rendered electronically, the Board shall ensure that they are sent in a secure manner.

What are the provisions of the code regarding general meetings of finance companies?

The code made the following provisions:-

– Notice of general meetings shall be as prescribed by the CAMA 1990 (as amended).

-The Board shall ensure that all general meetings of the shareholders hold at a convenient and easily accessible venue to the majority of shareholders.

-The Board shall ensure that unrelated issues for consideration are not lumped together at general meetings. Statutory business shall be clearly and separately set out. Separate resolutions shall be proposed and voted on each substantial issue.

-The Board shall ensure that decisions reached at general meetings are properly and fully implemented.

What does the code say about shareholders’ associations ?

The code states that :-

-The Board shall ensure that dealings of the FC with shareholders’ associations are in strict adherence with the Code of Conduct for Shareholders’ Associations issued by the Securities and Exchange Commission (SEC). 

-Where an FC is not listed, its dealings with the Association shall be transparent and in line with the relevant governance codes.

What does the code say about the rights of other stakeholders?

The code provides that :-

– Stakeholders shall have the right to freely communicate their concerns about any illegal or unethical practices to the Board. 

-Where such concerns border on the activities of the Board, such individuals shall have recourse to the CBN in accordance with Section 3.4 of the Guidelines for Whistle Blowing for Banks and Other Financial Institutions in Nigeria. 

– Where stakeholder interests are protected by law, stakeholders shall have the opportunity to obtain effective redress for violation of their rights.

-FCs shall demonstrate good Corporate Social Responsibility (CSR) to their stakeholders such as customers, employees, host communities, and the general public.

What are the provisions of the code on disclosure and transparency?

On disclosure, the code states that :-

– In order to foster good corporate governance, FCs are encouraged to make timely, accurate and robust disclosures beyond the statutory requirements in BOFIA 1991 (as amended), CAMA 1990, and other applicable laws and standards.

– Disclosure in the website, annual and periodic financial reports or by any other appropriate means shall include, but not limited to, material information on:

a) Major items that have been estimated in accordance with applicable accounting and auditing standards;

b) Rationale for all material estimates;

c) Details on Directors;

d) Governance structure;

e) Risk Assets;

f) Risk management;

g) Information on strategic modification to the core business;

h) All regulatory/supervisory contraventions during the year under review and infractions uncovered through whistle blowing, including regulatory sanctions and penalties;

i) Capital Structure/Adequacy;

j) Opening and closure of branches;

k) Any service contracts and other contractual relationships with related parties;

l) Frauds and Forgeries;

m) Contingency Planning Framework;

n) Contingent Assets and Liabilities (off balance sheet engagement).

What are the provisions of the code on risk management?

The code provides that:-

– FCs shall have a risk management framework specifying the governance architecture, policies, procedures and processes for the identification, measurement, monitoring and control of the risks inherent in its operations.

– The Board shall approve the risk management policies of the FC and ensure their implementation by management. 

– Risk management policies shall reflect the FC’s risk management mandate, which shall include:

• Clear objectives and enterprise-wide authority for its activities;
• Risk philosophy, appetite, vision and mission;

• Authority to carry out its responsibilities independently;

• Scope of Enterprise Risk Management (ERM);

• A requirement for it to be communicated throughout the organization to promote transparency;
• Periodic review to ensure continued appropriateness;
• A requirement for management to report regularly on the effectiveness of the institution’s risk management processes and on its aggregate exposures compared to approved limits; and
• Authority to follow-up on action taken by management in response to identifiable issues and related recommendations.

– FCs shall disclose a summary of the risk management policies in their annual financial statements

-The risk management policy of an FC shall clearly describe the roles and responsibilities of the Board, Board Risk Management Committee (BRMC) management and internal audit function.