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Dogecoin (DOGE) & Shiba Inu (SHIB) Investors are being attracted by this new Crypto Phenom

By
TI Partners
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0

Though Dogecoin (DOGE) and Shiba Inu (SHIB) managed to get attention in the crypto space with their latest incidents, TMS Network (TMSN) has taken the lead. The new project has shown an impressive $6 million gain, leaving the others behind in the race for success.

Shiba Inu (SHIB) takes big steps with new solution launch

The launch of the eagerly awaited layer-2 scalability solution by the Shiba Inu (SHIB) Army, Shibarium, launched recently. The Shiba Inu (SHIB) team wishes to address concerns and dispel any FUD (fears, uncertainties, and doubts). The Shiba Inu (SHIB) also introduced Shibarium Communities to combat FUD, and foster a more positive environment.

These communities are built on Twitter by the Shiba Inu (SHIB) army members. However, the main weightage is given to the Shiba Inu (SHIB) members with projects on Shibarium. The communities are moderated by Shiba Inu (SHIB) members who work as Shibarium discord moderators. Shiba Inu (SHIB) hopes these communities will work fairly to avoid FUD.

The launch caused Shiba Inu (SHIB) to rise by 0.67% at a live trading price of $0.000007866 in a day. The Shiba Inu (SHIB) price also rose from 0.00001002, its price 30-days earlier. Experts predict a maximum Shiba Inu (SHIB) price of $0.0000091.

Dogecoin (DOGE) brings a safer trading environment with a new update; the price reaches $0.07288

The Dogecoin (DOGE) creators have recently unveiled an updated core software version. This latest release of Dogecoin (DOGE) brings significant enhancements to the security measures, user interface, and overall efficiency.

The most recent update, Dogecoin (DOGE) Core 1.14.6, was deployed recently. The Dogecoin (DOGE) team urged all network participants to upgrade to the latest version promptly. This Dogecoin (DOGE) update encompasses a multitude of security enhancements, adjustments to the fee structure, and the introduction of various new features. Some features of the Dogecoin (DOGE) update include modifications to the configuration of the backup wallet directory, and limitation on the maximum number of node records.

Dogecoin (DOGE) update also limits add nodes to 800. Additionally, Dogecoin’s (DOGE) mechanism is upgraded, which sets dust limits for all users. It has reduced the limit from 1 Dogecoin (DOGE) to 0.01.

The current Dogecoin (DOGE) price is $0.07288, a 0.39% increase in a day. The experts project a maximum price rise of up to $0.08129 within a month, which is significantly higher than its previous 30-day price of $0.06922.

TMS Network (TMSN) becomes an investor magnet with millions in funding

TMS Network (TMSN) redefines the trading landscape with its innovative blockchain-powered platform. Offering a unique blend of digital assets trading services, TMS Network (TMSN) brings seamless trader access to forex, equities, futures, CFDs, and cryptocurrency trading.

TMS Network (TMSN) users gain numerous advantages, such as low and competitive fees and effective risk management features. One of the distinctive benefits of TMS Network (TMSN) is access to passive earning streams facilitated through the revenue-sharing system. This innovative approach allows TMS Network (TMSN) token holders to earn commissions based on trading volumes.

TMS Network (TMSN) is a profitable investment in 2023 as, firstly, it rose from $0.0046 to $0.104 within a few weeks, and secondly, it has attracted a significant investment of over $6 million from a diverse range of participants. TMS Network (TMSN) is projected to reach $3.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/TMSNetworkIO

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

Salesforce Doubles Ventures Capital Fund For AI Startups to $500 Million, Unveils AI Cloud

By
Ojukwu Emmanuel
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0

American cloud-based software company Salesforce has doubled its commitment to generative AI startup investments to $500 million, and unveiled Artificial Intelligence (AI) cloud to attract more enterprises by offering AI-powered products under one umbrella.

The AI Cloud will include Salesforce’s products from the Einstein service to the workplace-messaging app Slack and data analysis software Tableau. Along with the company’s offerings, AI Cloud will host the large-language models (LLMs), the core software of artificial intelligence systems, from providers such as Amazon Web Services (AWS), Anthropic, and Cohere.

Speaking on the company’s recent investment in AI startups, Salesforce Ventures managing partner Paul Drews said,

“We are already seeing AI change the way the world works, and we are excited to build on the momentum of our Generative AI fund. Expanding our generative AI fund enables us to work with even more entrepreneurs who are accelerating the development of transformative AI solutions for the enterprise, and we are excited to support the next generation of innovative founders”.

Also commenting, Salesforce Foundation CEO Becky Ferguson said,

“Generative Al presents a massive and exciting opportunity for purpose-driven organizations to better serve and meaningfully engage with their communities. In this time of rapid innovation, we, need to ensure no one gets left behind. This Al accelerator brings the full power, of Salesforce with unrestricted grants, pro-bono expertise, and our technology to create a more equitable Al world”.

Notably, Salesforce’s investment in generative Al startups also includes a new startup accelerator program. The ‘Salesforce Accelerator – Al for Impact’ program, aims specifically at more philanthropic organizations to offer money and expert help on using generative Al in their work. The accelerator plans to distribute $2 million to its first cohort and invite them to meet with advisors on how best to leverage generative Al.

Recall that in March, Salesforce launched the Einstein GPT service and revealed it was working with ChatGPT creator OpenAI to add the chatbot sensation to its collaboration software Slack.

The new Einstein GPT employs OpenAl’s large language models and its databases to compose and edit emails to customers, digital advertisements, and computer code for developers. OpenAl is simultaneously releasing a ChatGPT app to embed in Slack, providing those using the Salesforce-owned communication platform with access to the generative Al chatbot and its summarization and writing assistance.

Salesforce joins the likes of other tech companies heavily investing in AI startups. A Bloomberg report reveals that the software company has participated in over 140 deals for AI and machine learning startups, particularly in the area of AI insights for sales, natural language chatbots for service requests, targeted marketing content, and personalized e-commerce experiences.

It is worth noting that in recent years, generative artificial intelligence (AI) has emerged as a game-changing technology with immense potential across various industries. Subsequently, generative AI startups are rapidly gaining traction, and venture capital investors are keen to capitalize on their potential.

The emergence of ChatGPT in November last year, served as a pivotal moment for the technology industry, signaling the need for increased innovation and prompting many tech  companies to develop AI tools.

This saw major tech giants such as Google, Microsoft, and Meta, amongst others, invest heavily in generative AI, with the hope of enhancing users’ experience and achieving a breakthrough that would put them ahead of their competitors.

Salesforce has unveiled a new ecosystem of generative AI models and services called AI Cloud, becoming the latest tech company to integrate artificial intelligence into its core products. CEO Marc Benioff and other Salesforce leaders showcased a string of AI Cloud offerings at the company’s AI Day event Monday; those tools include Sales GPT for personalized emails, Marketing GPT for crafting personalized campaigns and Tableau GPT for analyzing data. AI Cloud will start at US$360,000 a year, Reuters reports.

Salesforce has doubled its Generative AI Fund to $500 million so it can accelerate its investments in “responsible generative AI” startups.

The company last week announced a partnership with Google Cloud to strengthen its AI and data offerings. (LinkedIn News)

BNB Whale Took Profit after Holding for Two Years

By
Paul Ugbede Godwin
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0

In the world of cryptocurrency, a whale is a term used to describe an individual or an entity that holds a large amount of a certain coin or token. Whales can have a significant impact on the market, as their actions can cause price movements, liquidity fluctuations and market sentiment shifts.

In a surprising move, a BNB whale who had been holding more than 1 million BNB tokens for over two years decided to sell them on June 10th, 2023. The whale, whose identity is unknown, dumped his entire stash on Binance, the largest cryptocurrency exchange and the issuer of BNB.

According to data from Etherscan, the whale transferred 1,001,000 BNB from his wallet to Binance on June 10th at 12:34 UTC. At that time, the price of BNB was below $300, meaning that the whale cashed out over $300 million in one transaction. The whale’s wallet address was first spotted by Whale Alert, a service that tracks large cryptocurrency transactions, on April 18, 2021. At that time, the whale had received 1 million BNB from Binance in a single transaction. Since then, he had only made two small transfers of 1,000 BNB each, one in May 2021 and another in January 2022.

One of the most prominent whales in the BNB ecosystem is the address 0x000000000000000000000000000000000000dead, which is also known as the BNB burn address. This address is where Binance, the leading cryptocurrency exchange and the creator of BNB, sends a portion of its profits every quarter to reduce the total supply of BNB and increase its scarcity.

The sell-off caused a sharp drop in the price of BNB, which fell by more than 10% in a matter of minutes. The price recovered slightly after the initial shock but remained below $300 for the rest of the day. The whale’s motive for selling his BNB is unclear, but some speculate that he might have been waiting for a peak in the market cycle to take profit. BNB had reached an all-time high of $686 on May 10th, 2021, but since then it had been fluctuating between $300 and $500.

BNB is the native token of Binance Chain and Binance Smart Chain, two blockchain platforms that support decentralized applications and smart contracts. BNB is also used to pay for fees and services on Binance, as well as to participate in various initiatives such as token sales and governance.

The whale’s exit could have a significant impact on the BNB ecosystem, as it reduces the supply and demand of the token. It could also affect the confidence and sentiment of other BNB holders, who might follow suit and sell their tokens as well. The whale’s decision to sell his BNB tokens after holding them for more than two years is puzzling, given that BNB has been one of the best-performing cryptocurrencies in the past year.

BNB has risen by more than 1,000% since June 2020, when it was trading at around $4. It reached an all-time high of $686.31 on April 12, 2021, before correcting to its current level of $48.76. However, some analysts believe that the whale’s sell-off could also create an opportunity for new investors to enter the market at a lower price. They argue that BNB still has a strong value proposition and growth potential, especially with the upcoming launch of Binance NFT, a platform for non-fungible tokens that will use BNB as its main currency.

Relatively, Binance US, the American affiliate of the world’s largest crypto exchange, has seen a significant drop in its trading volumes in recent months. According to data from CryptoCompare, spot trading volume on Binance US fell by 26% to $212 billion in June, the lowest level since November 2020. Derivatives trading volume also declined by 16.5% to $1.10 trillion, the lowest since December 2022. This trend reflects the overall decline in crypto trading activity across the industry, as well as the rising regulatory pressure on Binance in several jurisdictions.

One of the possible reasons for this decline is the increased regulatory scrutiny that Binance and its affiliates are facing in various jurisdictions. In June, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its CEO Changpeng Zhao, accusing them of operating a “web of deception” and violating U.S. securities laws. The SEC also asked a federal court to freeze Binance US’s assets and appoint a receiver to oversee its operations.

Binance US is not the only entity under fire from regulators. Binance itself has received warnings or notices from authorities in the UK, Japan, Canada, Thailand, Cayman Islands, and Singapore, among others, for offering unregisted digital assets on its platforms. The situation currently happening in the United States will determine how, what and where crypto assets can be traded within the country.

You Are Prohibited to Award Government Contracts to Yourself

By
Stanley Alieke
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0

Sometimes when I see or read about what is going on amongst elected and appointed political officials in Nigeria my whole body will be itching me; The immediate past governor of Zamfara state did not just refuse to hand over the official properties in his confer after his tenure in office, he is also been fingered to have awarded contracts amounting to N2B to his own company (Besbelmon LTD) ie to a company which he is a director and a shareholder.

Same news with the past Bauchi state governor last year when documents showed that he allegedly awarded contracts amounting to N2.5B to his family members, friends and political allies thereby violating the procurement laws and code of conduct for public officials. Ifeanyi Okowa, the immediate past governor of Delta state was also caught up in the same scandal some time ago of awarding contracts to companies belonging to his family members and friends. At some points, former Governor Nyesom Wike of Rivers State raised an alarm accusing his colleagues and co-governors of awarding government contracts to themselves and to their family members and to their political allies.

It worries me and I do wonder if Nigerian politicians are not intimated with our laws before they take over office or they are morally bankrupt or they just have a knack for civil disobedience and breaking of laws because awarding contracts to family members, friends, allies, agents and even to self is not just ethically wrong, it is against public policy rule and illegal. 

In Nigeria, the law prohibits a government official from awarding contracts to himself, his or her family members or his close allies. This is provided for in the Code of Conduct Bureau and Tribunal Act of 2007.  In fact, this law requires public officials to declare their assets, liabilities, and business interests before they assume office and prohibits them from using their positions to benefit themselves or their families. 

Specifically, Section 5 of the Act prohibits public officers from carrying out any business with the government except through an open and competitive process. It also prohibits them from engaging in any transaction that involves a conflict of interest or which may result in personal gain and public officials who violate these provisions can be investigated, prosecuted and penalized by the Code of Conduct Tribunal.

This is not just a Nigerian thing, it’s applicable in most part of the world that a public official is never allowed to put himself in a situation where his personal interest will be clashing with his official interest and if you decide to play smart and engage your agents and nominees to act on your behalf you will be presumed to have acted yourself and will at the same time be prosecuted. Section 17 of the Code of conduct bureau and tribunal act makes this provision; A public officer who does any act prohibited by this Act through a nominee, trustee or other agents shall be deemed ipso facto to have committed a breach of this Act.

These are the things that we are fighting against in Nigeria and we will keep shouting until we drag Nigeria to that much-anticipated utopia. 

Trump’s Indictment and His Quest to Return to The White House

By
Samuel Nwite
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0

Former US president Donald Trump is facing an uphill climb in his quest to return to the White House, following his indictment on Friday on federal criminal charges.

Trump, who is seeking to secure the GOP presidential nomination once again, faces 31 counts over his handling of classified documents after he left office. His indictment, which marks the first time a former president will face federal criminal charges, puts his presidential ambition in jeopardy as he squares up to others, including his former vice president Mike Pence.

Trump’s Mar-a-Lago, Florida home was raided by the FBI in August last year, with tens of classified documents recovered. Following a special counsel inquiry, the former president and his aides were found wanting for mishandling classified documents.

“Today, an indictment was unsealed charging Donald J. Trump with felony violations of our national security laws as well as participating in a conspiracy to obstruct justice,” special counsel Jack Smith said in brief remarks Friday. “I invite everyone to read it in full to understand the scope and the gravity of the crimes charged.”

Trump’s aide, Walt Nauta, was charged as a co-conspirator with six felony counts.

The former president had lied to the FBI and his lawyer that he had no more classified documents in his possession, only for about 100 more to be discovered in his home’s restroom.

According to the charges, Trump faces 37 counts of willful retention of national defense information under the Espionage Act. He is also accused of conspiring to obstruct justice; corruptly concealing a document or record; concealing a document in a federal investigation; and making false statements.

Though he denied any wrongdoing, describing the charges as a hoax, the former president may be spending a long time in prison if found guilty of just one count.

GOP Sen. Lisa Murkowski of Alaska, who voted for Trump’s impeachment in 2021, over his involvement in the Jan 6 Capitol riot, described the charges as ‘quite serious.’

“Mishandling classified documents is a federal crime because it can expose national secrets, as well as the sources and methods they were obtained through,” she said in a statement.

“Anyone found guilty – whether an analyst, a former president, or another elected or appointed official – should face the same set of consequences.”

While Trump has attempted to downplay the weight of the charges, legal experts have described them as ‘overwhelming’ and ‘serious’, indicating a potential severe consequence that may cost him his presidential ambition.

“It is an extremely damning indictment,” said Jonathan Turley, a George Washington University law professor who testified in Trump’s defense during the first impeachment effort against him in 2019, on Fox News.

“It’s overwhelming in details. And the Trump team should not fool itself; these are hits below the water line. This is not an indictment that you can dismiss.”

The 37-count indictment against former President Donald Trump reveals that each willful retention charge is associated with a classified document discovered at Mar-A-Lago. These documents were labeled as “SECRET” or “TOP SECRET” and covered various topics such as U.S. nuclear weapons, the nuclear capabilities of a foreign nation, and the military activities and capabilities of other countries.

According to the indictment, Donald Trump disclosed a classified military map and discussed a “plan of attack” developed by the Pentagon. This information was shared with a member of his political action committee who did not possess the necessary security clearance.

“In July 2021, at Trump National Golf Club in Bedminster, New Jersey (‘The Bedminster Club’), during an audio-recorded meeting with a writer, a publisher, and two members of his staff, none of whom possessed a security clearance, TRUMP showed and described a ‘plan of attack’ that TRUMP said was prepared for him by the Department of Defense and a senior military official,” the indictment said.

Trump’s two indictments, including several other criminal charges, are the biggest hurdle in his quest to return to the Oval Office.

Norm Eisen, senior fellow of the Brookings Institution, said in his assessment of the indictment that “Trump will very likely be convicted.”

While the US Constitution does not impose any limitations on individuals indicted or convicted of a crime, or even those currently serving prison time, from running for or winning the presidency, Trump’s conviction will probably result in lengthy imprisonment.

The most severe charges he faces could entail individual prison terms of up to 20 years. This means, even though the judges could give Trump consideration as a former president by reducing his sentence, his jail term will likely overlap the 2024 presidential campaign and tenure.

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