Many cryptocurrency experts have predicted the beginning of a new bull market as digital assets recovered from the losses of the 2022 bear market. Year-to-date, the price of Bitcoin (BTC) has increased by 63%, with investors and analysts alike predicting more gains.

Despite what is almost a general consensus among experts, a popular crypto analyst, and trader, Credible Crypto, has issued a serious price alert for Bitcoin holders. On the flip side, the popular analysts are bullish about Tradecurve, predicting up to a 100x price increase during the current bull market.

Bitcoin (BTC) Is Ripe for a Flush Down – Credible Crypto

Credible Crypto – a popular cryptocurrency analyst – has expressed his bearish sentiments about Bitcoin (BTC), contradicting the predominant bullish claims of others. The pseudonymous crypto strategist told his 340,500 followers on Twitter that they should brace for a major drop in the price of Bitcoin.

According to Credible Crypto, the price of Bitcoin is currently below a critical resistance level and is ripe for a major ‘Flush Down.’ He explained that Bitcoin, which currently trades around the $27,000 level, fell under this price after a short squeeze happened during the Memorial Day weekend in the United States.

The crypto analyst believes that if the sell-off happens, the price of Bitcoin could drop to $25,338 as a minimum price. Further selling pressure could drive as low as $23,982 or $22,000 if the bears suppress any form of bullish momentum. According to the analysis, the only chance Bitcoin has to trade above this level is if Bitcoin reclaims and trades above the $29,200 price level.

Tradecurve Could Lead the Next Bull Market with 100x Price Increase

Although bearish about Bitcoin, the popular analysts have expressed hyper-bullish sentiments about Tradecurve, predicting that the native token of the revolutionary exchange could jump by as much as 100x, outperforming the crypto market in the next market rally. Tradecurve will be the first decentralized trading platform built on a blockchain where users can access global financial instruments without borders.

Unlike most crypto exchanges that are limited to trading digital assets, on the platform users will be able to utilize digital assets as leverage to trade against forex, stocks, CMDs, options, ETFs, and other financial assets.

Tradecurve will offer a wide array of assets with very low fees, no KYC limitations to accommodate users from anywhere in the world, powerful trading terminals, ultra-fast order execution, and instant deposits and withdrawals.

Powering the Tradecurve platform is its utility token, TCRV. Holders of TCRV tokens will receive discounts on trading fees, exclusive rewards, and monthly passive income via staking.

Tradecurve is in its third stage and you can buy a TCRV token for as low as $0.015 before the predicted as the exchange journeys to the top to compete with market leaders like Kraken, Coinbase, and Binance.

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The CBN Guidelines On The Introduction of E-Evaluation & E-Invoicing For Import & Export in Nigeria.

The Central Bank of Nigeria (CBN) on the 21st of January,2022 released a new set of guidelines addressed to all authorized dealers licensed by it and the general public pursuant to a CBN circular dated the 5th of August, 2020.

This article will be focused on the provision of these guidelines on the introduction by the CBN of the E-Valuator & E-Invoice which are replacements for hardcopy final invoices as part of the documentation required for all import and export transactions.

These provisions are as follows :-

– From the 1st of February,2022, all import and export operations will require the submission of an electronic invoice (E-Invoice) authenticated by authorized dealer banks on the Nigerian Single Window Portal – Trade Monitoring System (TRMS).

– The guidelines are aimed mainly at the realization of accurate value from the import and export of items in & out of Nigeria.

– The system would operate on a global price verification mechanism guided by a benchmark price. The benchmark price is the actual market price obtainable at the time of invoicing in, in that market where the goods are traded.

– Imports and exports with unit prices that are more than 2.5% of the verified global checkmate prices would be queried and will not be allowed got successful completion of Form M or Form NXP as the case may be.

– Accordingly the use of E-Invoicing shall subject to the following guidelines relating to the obligations of importers and suppliers for their operations as stated below :-

a). An importer/exporter of goods into Nigeria shall ensure that the purchase/sale contract with a foreign supplier/buyer stipulates compliance with the obligations set out in the guidelines and the seller’s invoice must be submitted in electronic format and authenticated by an Authorized Dealer Bank(ADB) as part of required documentation; 

b). No importer/exporter may effect payment to the credit of any foreign supplier unless the electronic invoice has been authenticated by ADBs presented together with other relevant documents for payment;

c). The content of the E-Invoice authenticated by ADBs is only advisory for the Nigerian Customs Service;

d). A supplier/buyer of goods and services for Import/Export operations into or out of Nigeria is required to register on a dedicated electronic portal provided by the CBN and operated by its agent service providers as in the operational manual for Form M & Form NXP;

350. e) An annual subscription fee of $350.00 is charged for the authentication of suppliers on the TRMS system.

Exempted Import/Export Operations

– Individual invoices with a value of less than $10,000.00 or its equivalent in another currency, except where suppliers have an annual cumulative invoicing value equal to or above $500,000.00 or its equivalent in another currency, then they shall submit E-Invoices for all their operations regardless of the individual value of an invoice.

– Import & Export transactions made by all security agencies in the country.

– Supplies to diplomatic and consular missions .

– Supplies to international agencies dependent on the UN.

– Donations from foreign governments or individual organizations to foundations, charities and recognized humanitarian organizations.

– Goods supplied directly by a foreign government.

The CBN Statement On The Status of Chief Compliance Officers (CCOs)

The Central Bank of Nigeria(CBN) on the 9th of October 2020 released a statement pursuant to a CBN circular dated the 28th of September 2016 on the appointment of Executive Compliance Officers (ECOs) & Chief Compliance Officers (CCOs) of deposit money banks. 

Upon due considerations and presentations by stakeholders on the size, structure, operations & dynamics of classes of operators in various banking and financial sectors, the CBN reviewed the requirements for the appointment of CCOs.

Consequently, Merchant Banks and Regional banks (Commercial & Specialized) are to appoint CCOs on a grade not below that of an Assistant General Manager(AGM).

CCOs are however required to report directly to the ECOs of FIs(Financial Institutions) who have some responsibility for compliance matters in the bank.

The requirements and responsibilities of ECOs as stated in the 2016 CBN circular remain unchanged. 

In recent months, there has been a rapid change in the cryptocurrency and blockchain sector, marked by constant competition among new projects and coins for investors and recognition. Despite this competition, Sparklo has emerged as a significant contender, garnering huge attention and support during its token presale. In this article, we shall look at the benefits of the SPRK token and why we believe it can become a blue-chip token.

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Sparklo (SPRK): a web3 platform for investors to trade precious metals

Sparklo (SPRK) is a project that will transform the precious metals investment landscape by offering fractionalized NFTs representing silver, gold, and platinum. Novice and experienced investors will be able to buy and sell precious metal investments through Sparklo. The Sparklo marketplace is built on the Ethereum blockchain and has an ERC-20-based native token called SPRK.

Meanwhile, Interfi Network has verified the platform’s security. This means investors have nothing to worry about. Besides, they can purchase full NFTs and Sparklo will deliver the physical assets to their desired locations. Sparklo has also promised to lock the team’s token for 100 days and its liquidity for 1000 years to mitigate the chances of a rug pull.

Furthermore, Sparklo plans to collaborate with jewelry stores for fractional trading and investment, offering new products and exclusive discounts to SPRK holders. Notably, Sparklo has successfully diverted investors’ interest from famous projects such as Polygon (MATIC) to its SPRK token. Currently, in its second presale stage priced at $0.030, Sparklo is one token that every investor should consider.

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Polygon (MATIC): is price recovery possible?

Polygon (MATIC) recently experienced a gradual decline from a price well above $1.00, breaching the $0.900 support and entering a bearish zone. However, recovery is on the horizon, resembling the trends observed in Bitcoin and Ethereum. Polygon’s (MATIC) price successfully surpassed $0.850 and broke a significant bearish trend line with resistance near $0.880 on the MATIC/USD 4-hour chart. Additionally, Polygon (MATIC) surpassed the 23.6% Fibonacci retracement level of the downward movement from the $1.017 swing high to the $0.8206 low.

Polygon (MATIC) is currently trading above $0.85 and the 100 simple moving average (4 hours), encountering resistance near the $0.90 level. A potential breakthrough above this resistance could further cause the token’s price recovery, with the next major resistance lying near $0.95 or the 61.8% Fibonacci retracement level. As of press time, Polygon (MATIC) is trading at $0.894257, displaying a 1.51% increase in the past 24 hours and a 2.25% increase over the past 7 days.

We definitely believe that Sparklo (SPRK) is a very promising investment opportunity which you should check out below

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance