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Sparklo (SPRK) Gives 50% Bonus to Early Investors while KuCoin Enables No-Fee Mining of Litecoin (LTC)

By
TI Partners
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0

With the collapse of numerous centralized banks and the overall high level of distrust in FIAT currencies due to their high inflation rates, many investors have begun eyeing alternative means of getting more value out of the capital that they already have.

One of the key ways in which they have diversified is with cryptocurrencies and precious metals. But while other altcoins like Litecoin (LTC) have begun to decrease in value, new projects like Sparklo are aiming to fuse the world of blockchain technology and precious metal investments and, as a result, have piqued the interest of these investors and traders and today, we will go over why this has been the case.

Sparklo (SPRK) sees massive presale momentum after 50% bonus

Sparklo is being developed on top of the Ethereum blockchain as a platform in which people will have the ability to invest in precious metals and will gain the ability to make investments in NFTs, either fractionally or in full, which are backed by physical, real-world gold, platinum or silver bars. Investors that buy the entire NFT can also have it physically delivered to them at any location.

As for the value of the SPRK token, which is an ERC-20-based token, as of the second stage of its presale, it trades at just $0.022. Moreover, during this point in time, there is even a 50% bonus, where for every purchase of SPRK, investors get 50% more tokens.

The smart contract behind the Sparklo project was audited by the InterFi network and the team completed a KYC procedure. Moreover, the liquidity will also be locked for 100 years and based on all of this, analysts predict that its value can climb by 1,500% in the upcoming months, making it one of the best Web3 projects to get into throughout 2023.

>>>> BUY SPRK TOKENS <<<

Litecoin (LTC) has 0 mining fees on KuCoin for the first month

One of the largest exchanges globally, KuCoin, announced that they have a KuCoin Pool that’s offering 0 mining fees for the first month of Litecoin (LTC) mining, which will begin on January 16, 2023. Moreover, Litecoin (LTC) became the coin of the day at LunarCrush, where Litecoin (LTC) was automatically chosen based on the combined social and market performance.

Despite this, the value of the Litecoin (LTC) cryptocurrency was in decline, where on May 16, 2023, it traded at $89. In the last 30 days, Litecoin (LTC) decreased by 7.8%.

Find out about the Sparklo presale using the links below

  • Buy Presale: https://invest.sparklo.finance
  • Website: https://sparklo.finance
  • Twitter: https://twitter.com/sparklo_finance
  • Telegram: https://t.me/sparklofinance

Binance in Dilemma of Continuation of Service in Australia and Canada

By
Paul Ugbede Godwin
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0

Binance, the largest cryptocurrency exchange in the world, is facing difficult situations in Australia and Canada. The Australian Securities and Investment Commission (ASIC) has canceled its financial services license, which allowed it to offer derivatives and foreign exchange contracts to sophisticated investors. The regulator found that Binance had misclassified some retail investors as wholesale, depriving them of important consumer protections and rights.

Binance has decided to close its Australian derivatives business by 21 April, following a “targeted review” by ASIC. The exchange said it had made this decision after “recent engagement with ASIC ” and that it would pursue a “more focused approach” in Australia. Binance also said that the closure would not affect Australians using its spot exchange product, which allows them to buy and sell cryptocurrencies directly.

However, Binance’s troubles are not limited to Australia. The exchange is also facing legal actions and investigations in several other countries, including the US, UK, Japan, Italy and Singapore. These regulators have accused Binance of operating without proper licenses, facilitating money laundering, offering unregistered securities and violating antitrust laws.

Binance’s founder and CEO, Changpeng Zhao, has maintained that his company is committed to complying with local regulations and cooperating with authorities. He has also argued that the cryptocurrency industry needs more clarity and guidance from regulators, as many existing rules are outdated or unclear.

Binance’s dilemma reflects the challenges and opportunities that cryptocurrency exchanges face in a rapidly evolving and globalized market. On one hand, they have to adapt to different regulatory frameworks and consumer expectations in each jurisdiction. On the other hand, they have to compete with other exchanges and platforms that offer innovative and diverse products and services to attract and retain customers.

According to a tweet from Binance on May 12, 2023, the exchange decided to withdraw from the Canadian market “proactively” after exploring other options to protect its users. Binance cited new guidance from the Canadian Securities Administrators (CSA) that imposed bans on margin trading, stablecoins, and proprietary tokens, as well as investor limits and registration requirements for crypto platforms.

Binance said it did not agree with the new guidance and hoped to continue to engage with Canadian regulators for a more comprehensive and reasonable framework. However, it also acknowledged that the Canadian market was no longer viable for Binance at this time.

This is not the first time that Binance has faced regulatory challenges in Canada. In July 2021, Binance exited from Ontario, the most populous province in Canada, after failing to comply with securities laws. Binance briefly resumed its services in Ontario in December 2021 after registering as a Money Service Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), but this was met with disapproval from the Ontario Securities Commission (OSC), which said Binance did not have the necessary approvals to operate in the province.

Binance’s withdrawal from Canada is part of a larger trend of increased scrutiny and regulation of crypto platforms around the world. Binance has also faced bans or warnings from regulators in countries such as Japan, Germany, Italy, Singapore, and the UK. Binance’s CEO Changpeng Zhao has said that the exchange is willing to cooperate with regulators and comply with local laws, but also expressed frustration with the lack of clarity and consistency in crypto regulations globally.

Binance’s exit from Canada will affect millions of customers who use its platform to trade various cryptocurrencies and access other services such as futures, options, lending, and staking. Binance has not specified when it will stop serving Canadian customers or how they can withdraw their funds from the platform. Binance has also not commented on whether it will return to Canada in the future if the regulatory environment changes.

Blockchain Legislations and Policies in Iraq, Nigeria

By
Paul Ugbede Godwin
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0

Blockchain Legislation in Iraq by Paul Ugbede

Iraq is a country that has been plagued by political and economic instability for decades and is currently facing a wave of protests against corruption, poor public services and foreign interference. In this context, some activists and entrepreneurs are looking for ways to leverage blockchain technology as a tool for social change and innovation.

Blockchain is a distributed ledger system that records transactions in a secure, transparent and immutable way, without the need for intermediaries or central authorities. Blockchain can enable various applications, such as cryptocurrencies, smart contracts, digital identity, supply chain management and more.

However, blockchain adoption in Iraq faces many challenges both technical and legal. On the technical side, Iraq suffers from frequent power outages, low internet penetration and poor infrastructure, which limit the access and usability of blockchain platforms. On the legal side, Iraq lacks a clear and comprehensive regulatory framework for blockchain and cryptocurrencies, which creates uncertainty and risks for users and developers.

According to a report by Deloitte, Iraq is one of the countries with the lowest level of blockchain readiness in the Middle East, due to its weak institutions, low innovation capacity and high political risk. The report also states that “instead of pushing the cryptocurrencies to the periphery of financial systems, the central banks and other regulators should embrace them and work towards developing an appropriate regulatory environment that minimizes the risks and maximizes the opportunities”.

According to the World Bank, Iraq’s GDP per capita was $4,452 in 2020, ranking 133rd out of 190 countries. Iraq also suffers from a lack of financial inclusion, as only 23% of adults have an account at a financial institution or with a mobile money service provider. Blockchain adoption and regulation in Iraq are still in their infancy.

There is no specific legislation or authority that governs the use of blockchain or cryptocurrencies in Iraq. The Central Bank of Iraq (CBI) has not issued any official statement or guidance on the legal status or treatment of cryptocurrencies. The CBI has only warned the public about the risks and challenges associated with cryptocurrencies, such as volatility, fraud, money laundering, and terrorism financing.

Some initiatives have been launched to promote blockchain awareness and education in Iraq, such as the Iraqi Blockchain Society, which organizes events, workshops and hackathons to introduce blockchain concepts and use cases to the public. Moreover, some blockchain projects have emerged in Iraq, such as ZainCash, a mobile wallet that allows users to send and receive money using blockchain technology, and Taqanu, a digital identity platform that aims to provide banking and other services to refugees and displaced people using blockchain.

However, these efforts are still limited and face many obstacles, such as censorship, hacking and violence. For instance, during the protests in 2019 and 2020, some activists used blockchain platforms such as Ethereum and Steemit to document human rights violations and share information with the international community. However, they also faced cyberattacks from pro-government forces, who allegedly used Iranian expertise to infiltrate and disrupt their online activities.

Therefore, it is clear that blockchain technology has a lot of potential to improve the social and economic conditions in Iraq, but it also needs a supportive and conducive environment to flourish. This requires more collaboration and dialogue between the government, civil society, private sector and international partners, to develop a legal framework that recognizes and regulates blockchain technology in a fair and transparent way. It also requires more investment and innovation in infrastructure, education and security, to ensure that blockchain platforms are accessible, reliable and safe for all users.

Therefore, Iraq needs to develop a clear and comprehensive legislation on blockchain that can address these challenges and risks, while also promoting the development and adoption of this technology. Such legislation should:

Define the legal status and classification of blockchain and digital assets.

Establish the rights and obligations of blockchain users, providers and regulators.

Provide guidelines and standards for blockchain security, privacy and compliance.

Create incentives and support mechanisms for blockchain innovation and education.

By doing so, Iraq can leverage the potential of blockchain to improve its economic, social and political conditions, and become a regional leader in this emerging technology.

 The 2023 Nigerian National Blockchain Policy by Emmanuel Ifeanyi Ogbuka 

The National Blockchain Policy of Nigeria was formally adopted and passed into immediate effect on the 3rd of May , 2023 through an announcement by the Federal Minister of Digital Communications, Isa Patanmi, placing Nigeria in the category of countries like the United Kingdom and the United Arab Emirates that have also adopted Blockchain policies of their own.

This article will be looking at what this means for the Nigerian Fintech Sector in general and the Cryptocurrency business sub-sector particularly from a legal and regulatory perspective.

What is Blockchain?

Blockchain is simply an advanced technology that uses database mechanisms to record transactions in a decentralized public ledger.

Is Blockchain the same as Cryptocurrencies?

No they are not. Cryptocurrencies are however blockchain-based digital currencies in which transactions are verified and records maintained by a decentralized system using cryptography rather than by a centralized authority. 

Which regulatory agencies are in charge of implementing the National Blockchain Policy?

The policy is to be implemented by the National Information Technology Development Agency (NITDA), the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), the Nigerian Communications Commission (NCC), and the Nigerian Universities Commission (NUC).

Does this policy now mean that Cryptocurrencies have been granted legal tender status in Nigeria?

No. This policy simply allows for the application of Blockchain technology to a wide range of other uses. However, digital assets and Initial Coin Offerings (ICOs) as well as Stablecoins like the E-Naira are supported under related legal frameworks in Nigeria.

What are the exhaustive provisions of the policy?

You will need to consult your lawyer on this.

Join our Academic Festival From June 5, 2023 at Tekedia Institute

By
Ndubuisi Ekekwe
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0

Do not miss the knowledge festival which will begin on June 5, 2023 . The knowledge of a people is the wealth of a people. Tekedia Institute is the temple for the mastery of the mechanics of entrepreneurial capitalism and business systems in Africa. Yours truly, Ndubuisi Ekekwe, will be the lead priest along with dozens of business executives from global and local companies you admire.

We have got many NEW courses developed by our world-class faculty members. Go into the future of markets with them. Be a Champion. Be an Innovator. Ascend into that New leadership position. We have got the tools to help you. But you need to come to the festival.

We understand the physics of business, from mechanical advantage to scalable advantage, from velocity ratio to leverageable ratio, and many more. Come over here.

Come to Africa’s temple of business knowledge. REGISTER here and get the massive discounts if you register today. N90,000 (or $170) for the 12-week program

 

Ndubuisi Ekekwe, PhD (Banking/Finance), PhD (Engineering)

Professor and Lead Faculty, Tekedia Institute

3 Reasons Why Tradecurve (TCRV) Will Become Bigger Than Coinbase

By
TI Partners
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0

Summary

  • Tradecurve may surpass Coinbase
  • Tradecurve and Coinbase differences
  • TCRV presale and its growth potential

You have undoubtedly heard of Coinbase if you are a serious online trader, one of the world’s most well-known and significant cryptocurrency exchanges. However, one platform has the potential to overthrow Coinbase as one of the top trading platforms soon. That platform will be Tradecurve which is currently in its presale stage. Today, we will compare these two platforms and discover why Tradecurve may become a fan favorite for millions of traders worldwide.

>>BUY TCRV TOKENS NOW<<

Tradecurve vs. Coinbase – Sign-up KYC

Before joining an exchange, you will need to look over many factors, and the sign-up KYC requirement should be the first one. If an exchange requires a KYC check, trading on it may take some time, as most of them can be lengthy. When signing up on Coinbase, all traders need to go through a KYC check which may be time-consuming and tedious for some.

In comparison, Tradecurve requires no sign-up KYC meaning users can create an account using their email, link a crypto wallet to the platform, deposit a cryptocurrency, and all trading options will become available. Also, trading on Tradecurve will mean a completely anonymous process – a factor that many popular exchanges overlook.

Tradecurve vs. Coinbase – Supported Assets

The range of trading options can make or break any online trading platform, and it breaks Coinbase. Currently, Coinbase is limited to cryptocurrencies, which may not cater to many traders. Moreover, some cryptocurrencies are not available on the base Coinbase platform. Some cryptocurrencies, such as Quant (QNT) and Amp (AMP), can only be accessed on the Coinbase Pro platform.

On the other hand, Tradecurve will offer all derivatives (Forex, stocks, cryptocurrencies, etc.) for trade on a single account. Tradecurve users will also be permitted to utilize cryptocurrencies as collateral. These factors place Tradecurve as the winner in terms of supported assets.

Tradecurve vs. Coinbase – Social Trading

The absence of social trading features on Coinbase is another significant shortfall for the platform. Users may miss out on valuable insights without the ability to engage with other traders. Overall, the lack of social trading on Coinbase may hinder users’ ability to take advantage of the opportunities available on the platform entirely.

Contrarily, Tradecurve will include a copy trading tool that will enable novice traders to imitate what other people are doing for a monthly charge. Users may build communities via copy trading, where members can duplicate one another’s actions and make money together.

Final verdict

Looking at all of these factors, we can see that Tradecurve will provide a much superior trading platform that will allow for anonymous trading of all derivatives using cryptocurrency as collateral and negative balance protection.

Investors are choosing to support this platform by buying its utility token, which is currently in Stage 2 of its presale and has a value of just $0.012. The token is anticipated to rise by 50x during the presale, while crypto analysts and industry professionals expect an additional 100x growth after the token gets listed on Uniswap after its launch. We believe that Tradecurve may evolve into a blue-chip token, which anyone can purchase for a low price by following the links below.

 

For more information about the Tradecurve presale:

Click Here For Website

Click Here To Buy TCRV Presale Tokens

Follow Us Twitter

Join Our Community on Telegram

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