DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4254

Cryptocurrency News: SEC vs Ripple Update, Stellar’s Surge, And Big Eyes Coin Completes Presale

By
TI Partners
-
0

The ongoing lawsuit between SEC and Ripple has the crypto community eagerly waiting for the outcome. As this unfolds, Stellar, Ripple’s XRP competitor, has been experiencing noteworthy gains on the charts. In addition, Big Eyes Coin, the newest meme coin, has recently announced the conclusion of its presale, along with a final offer for its community. Keep reading to learn more.

Updates on Ripple’s XRP and SEC Legal Battle

In December 2020, Ripple Labs was sued by the SEC for allegedly selling unregistered securities, which marked the beginning of XRP’s legal woes. Although Ripple Labs vehemently denies the allegations and argues that XRP is merely a digital asset operating on the Ripple ledger, the lawsuit’s outcome could have far-reaching consequences for both XRP and the broader cryptocurrency industry.

Despite the ongoing legal battle, there is still a positive outlook for XRP’s price prediction. As of the time of writing, it has increased by 0.79% in the last 24 hours. Many experts anticipate that if Ripple Labs emerges victorious in the lawsuit, XRP’s value could soar to unprecedented levels. Some even predict that it could reach $10 or more in the upcoming years. XRP’s ability to provide fast and dependable global money transfers, coupled with its lower carbon footprint, makes it an attractive investment opportunity for individual investors and financial institutions alike.

Stellar’s Market Sentiment Shifts to Bullish

In the world of cryptocurrency, XRP faces tough competition, particularly from Stellar Lumens (XLM). While XLM shares similarities with XRP in its aim to provide quick and dependable cross-border payments, it operates on a distinct ledger. The InvestorObserver’s Sentiment Score reveals that XLM has received a bullish rating for the past five days. However, despite this positive sentiment, XLM’s current position is delicate, with a $0.102 support level and a $0.105 resistance level. A decrease in momentum could potentially complicate its standing.

Big Eyes Coin Prepares For Its Launch

Big Eyes Coin, an up-and-coming meme coin, has garnered an impressive $33.5 million in presale, and it shows no signs of slowing down as it approaches its launch date.

The cat-themed meme coin, Big Eyes Coin, has announced the conclusion of its presale on June 3rd, but users can still take advantage of its user-centric scheme before then.

Big Eyes Coin offers a range of unique benefits, such as exemption from buying and selling taxes on all transactions and an 80% supply liquidity lock for two years after launch day, which sets it apart from other coins in the market.

One of the most enticing features of Big Eyes Coin is its Lootbox, where users can purchase these boxes to win rewards that are always equal to or greater than the price of the Lootbox itself. Additionally, the platform recently introduced a card collection that can be minted as NFTs, further adding to its value for users.

To provide one last opportunity for users to win before the launch, Big Eyes Coin is allowing its community to earn a 300% bonus on purchases of BIG or Lootboxes using the code END300. This is their way of giving back to their community and should not be missed.

Final Thoughts

Despite its ongoing legal battle with the SEC, XRP’s price prediction remains bullish, and many crypto experts believe it has the potential to reach new heights in the coming years.

XRP’s competitor, Stellar, has recently shown bullish trends but may falter if it fails to maintain its momentum.

The upcoming Big Eyes Coin has steadily gained popularity with its innovative, user-centric schemes, promising to deliver exciting prospects.

With its current strategy, it is evident that Big Eyes Coin is poised for success in the market and should not be overlooked as a potential investment opportunity.

Find out more about Big Eyes Coin (BIG):

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Making a Case for Investors Relations in Strategic Management

By
Tiamiyu Ismail
-
0

Studies have shown the extent of damage that can be done to a brand when it lacks quality relationships with its investors and other stakeholders. Hence, many organizations see reasons in allocating much resources to their investors relation unit to enable them develop capacity to allay the fears of their shareholders and maintain their trust.

What is Investor Relations and who is an Investor Relations Manager?

Investors Relations is an aspect of corporate management that deals with management of investors’ complaints, values, interests or preferences and ensuring that there is no communication asymmetry between the company and the investors or shareholders.

Therefore, an Investors Relations Manager is someone who has acquired training and experiences in interacting with investors in a way that continues to promote the investors’ confidence in the overall performance of the Organisation.

Investor Relations Manager is expected to have some basic skills. These skills include the following:

Communication and listening skills.

An Investor Relations Manager must be able to communicate in clear terms the circumstances of the business to the investor such that the investor will not feel neglected in the day-to-day
running of the business. Regular communication with the investors is very
important because they are the source of capital that runs the business and they have the right to know much about where they are investing their money into.

More importantly, the Investors Relations Manager must be a good listener. He must be patient and adept enough to aggregate and convert the contributions, complaints, worries and fears of the investors into well defined solutions that drive growth in the company and promote the confidence of the investors in the brand.

Emotional Intelligence.

Empathy is a core emotional intelligence that is quintessential to Investors Relations. Investors are fundamentally inquisitive. Even under the safest condition, most investors want to hear from someone within the system to hone their confidence. And as key stakeholders, Investors have the inclination and the right to seek a sense of belonging, ownership and relevance in the organisation. Thus, the IR manager must always appraise the investors from this perspective.

Social Intelligence. The IR manager must have some reasonable level of social intelligence to get along with the investors.

System Knowledge.

The IR manager must have the competence or cognitive ability to understand the complex web of the socio-economic system and the impact this has on the business. Investors are often alarmed by external factors that may pose a threat to their investment. Thus, the IR manager must be able to provide cogent explanations that satisfy the worries or anxieties of the investors.

For instance, the COVID-19 pandemic triggered fears in most investors in the country and across the world. Under such a situation, a good IR manager would be able to understand and explain the impact of the pandemic on the economic landscape and what measures the company is putting in place to cushion the effect, especially on the investors. This will promote more confidence in the investors.

Generic Objectives of IR

The Investment Relations have four generic objectives and functions. These objectives and functions include:

Eliminating friction. Proactive engagement of investors eliminates information asymmetry or gaps between the company and the investors, and this reduces the friction that can arise when differing perspectives or objectives are not understood or aligned. Hence, engagements avert distracting efforts to prevent hostile takeovers.

Independent Perspective/Intelligence. Having constructive dialogue with investors and effective aggregation of the viewpoints or ideas of the investors can enhance a company’s performance and create a competitive edge for the company.

Early Signal of Tension. Active engagements with investors help to extract investors’ feedback which can provide early warning signals on a potential issue.

Mutual Trust and Support. Effective communication promotes mutual trust which provides a strong support and advocacy base that can be crucial in both good and bad times.

The foregoing generic objectives and functions of the IR promote operational excellence, easy access to capital and growth opportunities, stock liquidity and optimal valuation for the company.

To examine how efficient and effective the IR, of a business is, the manager needs to ask and satisfactorily answer the following questions:

How often are we engaging with our Investors?Engagement with investors should be as frequent as possible. Key investors should have the chance to dialogue with the CEO at least once every year. Other investors should also get to meet with principal officers if not the CEO at least once a year.

Is our current process of engagement reactive or proactive? We need to be proactive. The IR officer or manager must have strong foresight to be able to prepare the Investors against future happenings.

What are our Investors preferences? We need to have data of our investors that want to liquidate their investments, those that want to cash out and those that want to reinvest their ROI. This will give us insight into our client loyalty level.

What is the response rate to information requests? Create platforms that allow investors to swiftly respond to us, and also enable us to respond to their requests or complaints in real time.

Are we consistent with our approach of engagement with Investors?
We must be consistent in our approach. Consistency fosters trust and confidence.

How is our response like, defensive or clarifying? The people at the back-end must have social, emotional and system intelligence to be able respond to and satisfy investors’ complaints, contributions, fears and worries.

How do we tell our story, half full or half empty? We need to be strategic on how we tell our stories. We cannot go all out. In as much as we need to carry the investors along, we have the obligation to protect the system from possible attacks. Thus, our Investors Relations officers should have sufficient knowledge in information handling and management. We must define the need to know, good to know, and no need to know for the investors.

What communication channel is being used, and which serves the company best?

Nigeria’s Missing IPO Tech Companies and the Message for NGX Technology Board

By
Ndubuisi Ekekwe
-
0

PwC Nigeria has a new publication – Growing the Nigerian Technology Ecosystem through the Capital Market – and the message is clear: “The future of countries, businesses, and individuals will be more dependent than ever on their adoption of technology. Economic vibrancy and wealth creation in developed countries have been associated with technological advancements and digital innovation & transformation.” The publication posits that Nigeria could benefit if some of our tech startups list in the capital market.

As a nation, this call is necessary because Nigeria evolves economically every decade. The 1990s brought the decade of new generation banks. At a time those banks led the capital market in the Nigerian stock exchange. In the 2000s, the telcos took over as MTN, Glo and other telecom companies changed the economic structures of the nation. Some of those companies like MTN and Airtel are leaders in the stock exchange today. Of course, the dance of the telcos extended to the 2010s when mobile internet came at scale.

Today, we’re entering a new phase in our entrepreneurial cambrian moment and tech startups are to lead the design. The question is: would they list in Nigeria to refresh the old companies and sectors as they fade? Indeed, if Nigeria’s greatest companies of today cannot make Nigeria’s capital market home, Nigeria will have a massive economic disintermediation which will cripple its economic destiny.

The NGX Technology Board seems like a good playbook and we need to have many IPOs (initial public offers) therein. The NGX Technology Board was born to fix this paralysis, and tech startups must consider the home nation for IPOs.

  • “Nigeria is one of the continent’s more established startup ecosystems, with firms like Interswitch dating as far back as 2002. The country has produced five out of seven unicorns in Africa: Interswitch, Flutterwave, Opay, Andela, and Esusu.
  • “It is interesting to note that besides Andela, all other unicorns are in fintech. The fintech sub-sector has the biggest share of the number of Nigerian tech start-ups at 36%, with payments and consumer lending being the focus of almost half of the sub-sector.
  • “Insufficient banking services (particularly in rural areas), a young population, increasing smartphone usage, and regulatory efforts to increase financial inclusion, created advantageous openings for fintechs. Fintechs have jumped at the chance to provide improved propositions across the value chain to address problems with affordable payments, quick loans, and flexible savings and investments, among others.”

More work remains:

  • “Home to over 400 tech startups and ranked 61st out of 100 countries worldwide in the start-up ecosystem index, Nigeria also ranks number 1 in Africa in terms of venture capital investment destination, leading in both funding and number of equity rounds.
  • “It accounted for 23% of all equity funding and 27% of the total deal count of US$1.2 billion raised in 202210, portraying the country as the preferred investment destination in Africa. Despite these impressive performances, the Nigerian capital market does not optimally reflect the activities of the sector,” PwC said.

Why Corporate Organizations Set Up the R&D Team

By
Tiamiyu Ismail
-
0

Growth-oriented organisations often require new solutions that can enable them to meet new and emerging business needs and expand their market reach and influence. Most organizations set up a research and development unit to help them meet these needs.

An efficient R&D department can be a major source of new growth; it can help companies to deliver innovative products and new technologies and support operational and sales improvements that can increase productivity and profitability.

The R&D department is to the company much like the brain is to the human body system. The brain receives information from the sense organs, interprets them and provides feedback that enables the body to avoid danger or grab opportunities around it. Similarly, the R&D team helps the organization to identify relevant data, analyze these data, develop insights therefrom and recommend policies that can help the company to mitigate risks and maximize opportunities.

As the strategy hub of the organization, the R&D unit is generally known to perform some key functions including market research, process analysis, product development, monitoring and evaluation etc.

The following are key activities of the R&D:

Drive Innovation. The R&D unit inspires innovation through continuous engagement in a series of researches across the different areas of influence of the business. The team mostly  directs resources to understand new industry trends and new competitive landscape of a business, and make recommendations that help the business to maximize its competitive advantage.

In doing market research, emphasis is often placed on questions such as who are our customers/clients and what do they need? What is our target market? Who are our competitors, and what are their unique selling products? How are we different in the common market? How can we leverage our strength for competitive advantage and business growth?

Product Development. Organizations depend on their R&D team or Business development unit to design solutions to identify market problems or gaps. The team thoroughly inquires into existing socio-economic problems or market needs, proffer solutions and specify directions and parameters for developing solutions into products or services affordable to the targeted people or market.

In addition to developing new products, the R&D review existing products or offerings of the organization to ensure they are still relevant and functional to the market. If otherwise, it seeks new solutions.

System auditing and quality control check. The team keeps track of and justifies or modifies the products, processes and policies of the company. It prioritizes knowledge about what has failed in the past internally and externally and what has worked well.

Promoting the brand. The team directs resources that generate intellectual contents and foster intellectual discourse. It can also optimize data storytelling to inform positive sentiment and acceptance of the brand in its market. Gathering data and creating compelling stories out of them with specific reference to how the business positively influences the lived experience of people in its setting.

Knowledge –driven partnership. Some Organisation’s R&D units are equipped to partner other brands including research institutes, academics and business ventures towards exploring new possibilities for extending business intelligence and creative solutions.

In a globally competitive economy where only  businesses that innovate stand out in the market, no doubt, a business that hopes to maintain a competitive edge and stay ahead of others recognises and prioritizes the role of R&D in its collective operations.

While SMEs rely on their R&D to scale up operations or at least stay in business, the big businesses too massively fund their R&D departments to continue to enjoy market dominance. Essentially, the R&D department is to a company much as the brain is to the body system.

Twitter Partners With Multi-Asset Investment Company eToro to Enable Users Buy And Sell Stocks

By
Ojukwu Emmanuel
-
0

Micro-blogging platform Twitter has partnered with social trading and multi-asset investment company that focuses on providing financial services eToro, to enable users to buy and sell stocks.

Through this partnership, Twitter users will be able to access market charts on an expanded range of financial markets to get up-to-date prices for stocks, ETFs, commodities, and cryptos by simply searching using a $Cashtag symbol. This collaboration aims to provide a seamless experience for Twitter users, enabling them to click through the eToro platform for more comprehensive information on the asset and the option to invest.

Speaking on its recent collaboration with Twitter, eToro CEO, and Co-founder Yoni Assia said, “Financial content on social media has provided education to many who have felt excluded by more traditional channels. Twitter has become a crucial part of the retail investing community. It is where millions of ordinary investors go every day to access financial news, share knowledge, and converse.

“As the social investing network, eToro was built on these very principles, community, knowledge-sharing, and better access to financial markets. There is power in shared knowledge and by transforming investing into a group endeavor, we can yield better results and become more successful together.”

Also commenting on the partnership with eToro, Vice President of Global Sales and Marketing at Twitter Chris Riedy said, “Twitter is what is happening and what people are talking about right now. We believe real change statutes with conversion and finance and investing are a growing part of that conversation. We are pleased to partner with eToro to provide Twitter users with additional market insights and greater access to investment capabilities. Twitter will continue to invest in growing the FinTwitter community”.

It is interesting to note that Twitter in December 2022, added pricing data for $Cashtags, and the feature has been widely adopted with more than 420 million searches for $Cashtags since the start of the year. Some of the most commonly used $Cashtags include $TSLA (Tesla), $SPY (SPDR S&P 500 ETF), and $BTC (Bitcoin). The increased use of $Cashtags is part of a growing trend to financial discourse on Twitter, with a recorded 498 million global tweets about business and finances in the first 90 days of 2023.

Twitter’s partnership with eToro, a multi-asset investment platform is part of Elon Musk’s plan to transform the platform into a super app that will offer financial services. In a recent report, Musk recently merged the social media platform into his X Holdings Corp., signaling a move toward his vision of making Twitter an everything app.

Recall that when he purchased the platform for a $44 billion deal in October 2022, he tweeted that “Buying Twitter is an accelerant to creating X, the everything app”.  Also, while speaking at a conference in November last year, Musk said, “There’s a product plan I wrote in July of 2000, where I thought it would be possible to make the most valuable financial institution in the world. That’s part of why I think Twitter will be ultimately extremely valuable because I’m going to execute the X.com game plan from 22 years ago with some improvements.”

Meanwhile, experts have stated that there is no guarantee that anyone will switch to Twitter as a default payment method, but some could see it happening. Daniela Hawkins, who advises on digital transformation in the financial industry at consultancy firm Capco, stated that if Musk can build a user-friendly interface and win the trust of users who have grown leery of security and privacy risks associated with social media apps, it could be a winning strategy.

1...4,2534,2544,255...8,007Page 4,254 of 8,007

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy