DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4248

AltCoin Season: Big Eyes Coin In Top Cryptos That Demand Your Attention!

0

The crypto winter was one of the longest and most dramatic bear seasons that the market has ever witnessed. Coin values dramatically plummeted, the confidence of investors was destroyed and it all seemed extremely bleak. However, as we entered the new year, hope became plentiful as a new horizon dawned. The value of coins steadily rose again over the space of a few months, sending giants like Bitcoin and Ethereum to new heights once again.

In the space of development, a lot has been done on the part of blockchain platforms like Ethereum and Shiba Inu, but a notable mention is that of the Avalanche Evergreen Subnet. This creates a link between communication and control on the blockchain which greatly improves efficiency. Additionally, Unus Sed LEO has been experiencing a great rise in price over the past few days, indicating that a potential bull market is imminent as promising upcoming projects like Big Eyes Coin are ready for take-off.

Unus SED LEO: Slowly Sprouting Horns

This Latin-inspired coin is a utility token that is utilized on the entire iFinex Blockchain and although it has a limited case use, the coin has an impressive growth rate as compared to other cryptocurrencies.

The iFinex Blockchain is the parent company of the Bitfinex exchange platform, as well as Tether. The LEO token has several trading benefits on the Bitfinex platform and as such as maintained a demand, which has also caused steady growth.

So far, LEO has had a 3% increase in price over the past week and continues to climb. Currently, at just over $3, the bullish predictions indicate that the token may rise to over $4 in the coming weeks.

Avalanche: “Sprucing” Up Security

Avalanche is a smart contracts project with a focus on scaling and immediate transactions, claiming that it can process over 4,500 transactions per second. Additionally, it supports a wide range of stablecoins, DeFi Protocols, and NFTs.

The Evergreen Subnet (subnetwork), also called Spruce, aims to enable side institutions to engage with public blockchains safely and securely, with lower barriers to entry and low risk. With the valueless tokens, institutions can experience the full functionality of the subnet at low risk. With these, institutional participants can use Spruce to perform FX and interest rate swaps.

This new subnet project is the next step in bridging the gap between public and private infrastructure whilst also maintaining and improving the level of security and accessibility given to participants.

Big Eyes Coin: A Feline Ready To Pounce

One of the most talked about and most anticipated meme coins is about to hit the larger market. Big Eyes Coin has performed exceptionally well in its presale and as it gets ready to close, the community is confident it will be the next big thing.

Big Eyes Coin has raised the stakes in readiness for its launch. Along with the current offer on the Loot Boxes that pay out up to a million dollars, the platform is now giving away a 300% bonus when you use the code ‘END300’. Additionally, users can now think of long-term investments with their NFT collections that are hosted on OpenSea.

Big Eyes Coin’s presale will end on June 3, 2023. It only means the time is running out faster than ever. Join the CatCrew’s presale while it last and get the best value on your investment as Big Eyes Coins prepare for take off.

As the market recovers and coins begin to hit their highs again for the first time in a year, investors should keep a watchful eye on the market. In addition to the new upgrades and software updates that are incoming from various other platforms, this may turn out to be a very lucrative season for all.

 

For More On Big Eyes Coin (Big):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Opensea: https://opensea.io/collection/big-eyes-lootbox-cards

Twitter: https://twitter.com/BigEyesCoin

The New Kid on the Crypto Block: Can This Altcoin Topple PancakeSwap (CAKE)?

0

There’s a new cryptocurrency on the block, and it’s about to shake up the world of decentralized finance. Some are even commenting that this altcoin could revolutionize the trillion-dollar lending industry. But can it truly dethrone the wildly popular PancakeSwap (CAKE) as the leader in decentralized finance protocols? Let’s take a closer look.

>>BUY COLT TOKENS NOW<<

PancakeSwap (CAKE): What Does the Future Hold?

PancakeSwap (CAKE) is currently one of the leading decentralized finance protocols on the market. PancakeSwap (CAKE) offers a range of services to its users, such as decentralized exchanges, liquidity pools, yield farming opportunities, and more.

PancakeSwap (CAKE) gained immense popularity over the past few years due to its user-friendly interface and low transaction fees. Built on the Binance Smart Chain (BSC) instead of Ethereum (ETH) separates it from the competition and opens up the protocol to a wider range of users.

PancakeSwap (CAKE) was one of the top-performing cryptocurrency projects in 2020-2021, with its token price rising by over 10,000%, making it one of the most successful altcoins of the year.

However, PancakeSwap (CAKE) has failed to keep its momentum going, and its token price has dropped significantly over the past few months. This could be attributed to increased competition from rival protocols, such as Curve Finance (CRV) or Uniswap (UNI).

Looking closer at the charts reveals that PancakeSwap (CAKE) has fallen by over 25% in two weeks. This has bought the price from $44.18 to a current price of just $2.53 — a fall of 94% from its all-time high.

PancakeSwap (CAKE) has yet to successfully manage inflation, and the sheer amount of tokens on the market is causing the token’s price to plummet. The PancakeSwap (CAKE) team is striving to lower inflation from 20% to a range of 3-5% and has pledged to implement a new rewards system shortly.

Introducing the New Contender: Collateral Network (COLT)

Collateral Network (COLT) is the latest cryptocurrency entrant to join the race for decentralized finance dominance. Collateral Network (COLT) is the world’s first peer-to-peer lending platform to use physical assets as collateral.

But users don’t need to own NFTs to acquire loans. The platform allows users to leverage any asset, from watches to pieces of fine art, to secure loans with no credit checks or paperwork required.

Collateral Network (COLT) will tokenize the asset into an NFT to allow it to be broken into multiple pieces so that it can be shared between multiple lenders. This allows a borrower to receive funds from multiple lenders, which removes barriers to the lending industry and boosts platform liquidity.

Smart contracts handle all of the manual processes of loan origination, including interest rate calculations and repayment terms. No longer will lenders need to manually keep track of repayment dates or wait for third-party confirmation of payments.

COLT is the utility token that powers the Collateral Network (COLT) lending platform. Token holders will receive the best borrowing rates, discounts on fees, exclusive access to auctions for high value distressed assets, and staking rewards.

Collateral Network (COLT) is already proving to be popular with crypto investors, with the COLT token price increasing by over 40%. Analysts predict that Collateral Network (COLT) has everything it takes to capture market share in the trillion-dollar lending industry, which could see 100X gains on the current token price of $0.014.

 

Find out more about the Collateral Network presale here:

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

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

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Collateral Network’s (COLT) Anticipated 35x Presale Growth Prompts Investors To Leave Chainlink (LINK) And The Sandbox (SAND)

0

The market dominance of Collateral Network (COLT) has been surging as experts have projected growth of at least 3500% during the presale. Holders of Chainlink (LINK) and The Sandbox (SAND) have shedding their tokens to buy COLT tokens before they get sold out.

>>BUY COLT TOKENS NOW<<

Chainlink (LINK) Launches NFT Lending And Renting

Chainlink (LINK) has introduced NFT renting and lending on the network. According to the Chainlink team, this new development will provide another source of revenue for developers.

According to Chainlink, this new feature will create new business opportunities, and people will be allowed to lend virtual land and avatars represented as NFTs. Chainlink is currently ranked 21st by market capitalization, and with the current development, it hopes to see an increase in its market standing.

However, the price movement of Chainlink has been abysmal for the past many weeks. The market value of Chainlink has dropped by 13% in the past seven days. Consequently, Chainlink (LINK) is currently changing hands at $7.14.

The Sandbox (SAND) Will Launch New Features In The 2023 Q2

The recent market performance of The Sandbox (SAND) has been extremely bearish, as the metaverse-based project has seen a sharp decline in the number of active users. Subsequently, the trade volume of The Sandbox has also tumbled, pulling the price of The Sandbox (SAND) down by 10% in the past month. Thus, The Sandbox (SAND) is currently trading at $0.59.

However, The Sandbox has released a detailed roadmap for the second quarter of 2023 to turn the tides in its favor. The Sandbox has planned many new features, including ‘Self-publish’ and a new ‘Game Maker,’ in the upcoming months. Meanwhile, The Sandbox has inked deals with many leading educational institutions to open their campuses in its metaverse.

Bulls Join Collateral Network’s (COLT) Growth Charge

Collateral Network (COLT), a Web3 crowdlending platform, is set to revolutionize and disrupt the global lending market. Built on the Ethereum blockchain, the platform enables people to borrow crypto against their physical assets, which act as collateral, on the blockchain.

This challenger lender aims to solve many of the issues inherent with the traditional lending sector today.

The platform is accessible from all geographical regions and allows users to unlock liquidity without impacting their credit files or selling their tangible assets. A wide range of physical assets, such as watches, real estate, jewelry, fine wines,  gold, and diamonds can be used. This immediately introduces much needed liquidity for assets that traditionally hold their value well but are illiquid.

COLT is the utility token of the platform and holders of the token receive many perks. Borrowers receive discounts on borrowing fees, lenders receive discounts while using the marketplace. The main perk however is the exclusive access to the auctions for distressed assets, providing an opportunity  for the Collateral Network community to pick high value assets at below market value prices.

The price of COLT began at $0.01, and its market price has now increased to $0.014 (40% price increase already!). It is believed that the market price of a COLT token will surge by 3500% to $0.35 by the end of the presale phase.

Find out more about the Collateral Network presale here:

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

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

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Tekedia Mini-MBA Graduation Video

0

Greetings! It’s Graduation Day at Tekedia Mini-MBA, and everyone is invited to our ceremony. During the event, Lead Faculty of Tekedia Institute, Ndubuisi Ekekwe, will deliver a graduation message titled “Building Category-King Companies and Winning in Business”. Here are the details:

Graduation Lecture: Building Category-King Companies and Winning in Business
Date/Time: Sat, May 6 | 7pm – 8.30pm WAT
Presenter: Prof Ndubuisi Ekekwe
Zoom Link – Zoom Link

We also report that Pan Atlantic University (of Lagos Business School) made a generous donation to Tekedia Mini-MBA Graduation Ceremony. If you are in Lagos, please attend the physical event. Tekedia Institute appreciates the uncommon kindness we have received from PAU.

Video now moved to the Class Board….

Learners: you are now #ready2lead. Congratulations.

Regards,
Tekedia Mini-MBA Team
(Next Tekedia Mini-MBA begins on June 3, 2023; register here for early discounts)

Notable Provisions of the CBN Guidelines on Instant EFT (Electronic Funds transfers) in Nigeria

0

The Central Bank of Nigeria (CBN) Regulations on Electronic Funds transfers, first issued in July, 2018, were made pursuant to the Central Bank of Nigeria Act 2007 to promote a sound financial system in Nigeria and the facilitation of an efficient and effective payments system in Nigeria.

This article will be looking at these regulations in-depth, with a focus on the topics of:-

– Their applicability scope

– Their objectives

– The important stakeholders in the electronic instant transfer value chain and their roles and responsibilities. This would also include the roles and responsibilities of receiving and sending entities

– Dispute Resolution

– Sanctions

What is the applicability scope of the CBN Regulations? 

The regulations apply to instant electronic fund transfer services in Nigeria on various payment channels and any payment platform that seeks to provide instant electronic funds transfer services in Nigeria. 

What are the objectives of the regulations?

The objectives of the regulations are :-

– Setting out the rules for the operation of instant electronic funds transfer services in Nigeria.

– Prescribing the rights and obligations of the parties to such services.

– Provision of the minimum standards for the operations of the parties to EFT services.

– The stipulation of procedures geared towards the enhancement of the soundness of instant EFT services while adequately protecting the interests of instant EFT customers and operators.

Which parties are mentioned in the regulations as stakeholders in instant EFTs and what are their respective roles and responsibilities?

The regulations mention the following entities as stakeholders :-

  1. The CBN as a regulator
  1. Financial Institutions (FIs)/Sending and Receiving entities

Responsibilities (Sending entity)

– To provide name enquiry support to the customer to minimize instances of wrong credits.

– To not provide instant EFT services to walk-in customers without any bank account in Nigeria.

– To fully secure debits against customer accounts before initiating transfers.

– To provide notification of debits to customer accounts as agreed with customers. 

Responsibilities (Receiving entity)

– Apply instant EFT proceeds to the customer’s account within 60 seconds.

– Ensure that instant EFT proceeds have been credited to a customer’s account before confirming to the sending entity that the transaction was successful.

– Process all inward instant debit transactions subject to valid debit mandates. 

  1. Instant EFT Service providers

Roles and Responsibilities

– Ensure compliance with the minimum standards issued by the CBN and as amended from time to time.

– To develop and circulate user guides to educate and enlighten other stakeholders on its instant EFT service. 

– To maintain confidentiality of instant EFT transactions and information obtained in the course of discharging its responsibilities and shall ensure that those responsibilities extend to its employees.

– To provide name enquiry support to minimize instances of wrong credits.

  1. Customers (originator & beneficiary)

Responsibilities

– To provide accurate beneficiary account details for every EFT instruction.

– To report problems arising from EFT transactions promptly to the sending/receiving entity.

– Whenever a credit has been erroneously applied to the customer’s account with the receiving entity, the customer shall promptly notify the receiving entity and authorize the reversal of such erroneous credit. 

  1. Any other stakeholders as may be determined by the CBN.

What are the provisions of the regulations regarding dispute resolution?

The CBN Regulations provide that instant EFT service providers shall properly document and circulate among sending and receiving entities a dispute resolution system, DRS, process. Also , all instant EFT disputes shall be resolved within 3 working days. 

What are the provisions of the regulations regarding sanctions?

The regulations provide that failed NIP transactions not reversed into customer accounts within 24 hours based on a complaint of a sender or beneficiary shall result in a fine of 10,000.00 Naira per item.

Also, delayed applications of valid NIP transactions into the accounts of beneficiaries beyond 4 minutes based on the complaints of senders or beneficiaries shall incur a fine of 10,000.00 Naira per item.