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Data from Silvergate and First Republic Bank Explain Recent Challenges in Public Stock Investments

By
Ndubuisi Ekekwe
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0

Credit Suisse, one of Europe’s largest financial institutions, may be history in the next few hours. I do not just see how that brand will remain, untethered to another bigger bank. The logo may remain but the “trust bank” deposit, a core indicator in the banking system, is all but exhausted through many self-inflicted and external events. In Russia Today, their central bank was telling Russians not to worry that crises in the US and European banks will not reach them. What an irony indeed on geopolitics!

Good People,take a look at these two charts: one for Silvergate and another for First Republic Bank.  Within  the last 12 months, a $170,000 investment would be $2,000 now in Silvergate while a $150,000 investment is now  worth $23,000 for FRB within 30 days!

The message: things happen. Those are people’s retirements and making money is not free; risks abound. But for FRB, its struggles are largely due to perception since Silicon Valley Bank collapsed. Yes, even though it may be fine, and some banks have come together to cushion it with more funds, the investing public does not care. That is a more troubling scenario: “Eleven banks deposited $30 billion at First Republic on Thursday afternoon, in a government-backed bid to bolster the ailing lender and boost confidence in the U.S. banking system”.

UBS is considering a potential takeover of Credit Suisse, Reuters reports, citing anonymous sources, just days after the Swiss National Bank declared the lender solvent and offered it a $54 billion credit line. The Financial Times notes that a deal for a “historic merger” of Switzerland’s two biggest banks could be reached as early as Saturday. Regulators are urging the two to come to an agreement before markets open on Monday to bolster confidence in the banking system.

Shares of Credit Suisse dropped 25% through the last week despite its $54 billion lifeline.

Earlier in the week, Credit Suisse released its 2022 annual report which cited “material weakness,” worrying investors after the collapse of Silicon Valley Bank. (LinkedIn News)

 

INEC Postpones Election in 10 Polling Units in Lagos

By
Tiamiyu Ismail
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0

The Independent National Electoral Commission (INEC) has postponed the ongoing governorship and state assembly elections in 10 Lagos polling units in Victoria Garden City (VGC), Eti-Osa Lacal Government Area of the State.

Mr Olusegun Agbaje, INEC Resident Electoral Commissioner in Lagos was reported to have said the ad-hoc staff deployed in the area refused to carry out their duties there because of an experience they had during the Presidential Poll. His words:

“We have eight polling units here with 6,024 registered voters and out of which 5,624 people have their PVCs,” he stated, adding that two other polling units at the estate’s main gate were also affected.

“After due consultation and further directive from the national headquarters that we should remobilise here tomorrow (Sunday) morning by 08:30am to conduct the elections.

“By 08:30am tomorrow (Sunday), we will reconvene here.”

Abians, Please Vote Today!

By
Ndubuisi Ekekwe
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0

When the elders of Abia State, the State Council, traditional rulers, religious rulers and my fellow Abians bestowed on me the Abian of the Year, living out of our state, it was a special moment. Today Is another day to build those structures to make Abia greater. I ask you to make time despite anything  to vote.

We’re the God’s Own State and we’re God’s Own People. And because of those, Abia will rise to the mountaintop. #vote for progress, development and advancement of God’s own people.

If you have read Pita Nwana’s Omenuko and studied the history of the Arochukwu people, you would have understood one thing: Abia people pioneered modern trade and commerce in the Igbo Nation. The Arochukwu people were unrivaled in discovering new markets – and unlocking opportunities therein.

As at 1901, Aba was so important and powerful that the British put a military post there, to keep tab of the wealth which was being created. Aba was industry;  Aba was commerce; Aba was opportunity. Young men left villages and Aba made them. We can return back to that greatness. #Vote for great leaders today.

The Crypto Chronicles: Dogetti Joins The Mafia, EOS Rises and Lido DAO Plummets Amidst An Uncertain Crypto Market

By
TI Partners
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0

The world of cryptocurrency has seen a lot of volatility in the past few weeks, with some relief showcased in recent days. Many investors and traders have been on the edge of their seats, waiting for the market to settle down. However, even amidst all the chaos, some cryptocurrencies have shown signs of bullishness and fluctuations. A few of such cryptocurrencies are Dogetti (DETI), EOS (EOS), and Lido DAO (LDO).

EOS Rises During Market Turmoil With Speed And Scalability

Over the past few months, EOS (EOS) has been catching the attention of investors and enthusiasts alike, thanks to its impressive scalability and speed. The blockchain underpinning the EOS ecosystem has been designed to handle transactions quickly, making it a prime choice for those who prioritise efficiency. In addition, EOS boasts a unique consensus mechanism that facilitates frequent block production, further bolstering its already impressive speed. These features make EOS a top choice for many investors who are looking for a cryptocurrency with potential for growth.

While EOS has been climbing, another cryptocurrency has been making waves in the market due to its unique theme and branding. Dogetti (DETI) has emerged as a fresh meme coin that has quickly garnered attention within the cryptocurrency community. Built on the Ethereum blockchain, Dogetti has already surpassed 7.4 billion tokens sold in its pre-ICO and gathered over $581,570.

Dogetti Joins The Crypto Family With Mafia-Themed Meme Coin

The fun and distinctive mafia-inspired branding of Dogetti (DETI) has quickly caught the attention of both crypto enthusiasts and movie aficionados. The theme is inspired by well-known movies like ‘The Godfather’ and ‘Fast and Furious,’ where the aspect of family is highly promoted. Dogetti’s community, fondly known as ‘The Dogetti Family,’ is a vital factor that contributes to the project’s immense prosperity. The substantial pre-ICO sales of the meme coin suggest that investors are enthusiastic about participating in this newcomer to the crypto world and maximising their returns when the coin is launched.

Investors participating in the presale earn massive returns at the time of launch. The completion of successive stages of presale results in a sharp decline in the return percentages. Therefore, it’s important to hurry and buy your DETI coins today. Use the code DON50 to earn an additional 50% on all your DETI purchases.

Lido DAO Struggles Amid Market Turmoil

As we delve deeper into the cryptocurrency market, we can see that not all cryptocurrencies are experiencing the same kind of success as EOS and Dogetti. For instance, Lido DAO (LDO) has been struggling recently, with its value plummeting in the last few days, causing concern among investors and liquid stakers. Lido DAO is a decentralised finance (DeFi) and DAO platform that offers liquid staking for cryptocurrencies.

Regardless of its resourceful utilities and ecosystem infrastructure, Lido DAO is currently encountering challenges due to the market’s unpredictable nature. Despite this setback, some experts believe that Lido DAO could still rebound in the near future.

The Crypto Rollercoaster: Yay or Nay?

To sum up, the crypto market has been fluctuating lately, with certain cryptocurrencies experiencing growth, while others have encountered setbacks. The arrival of Dogetti has brought some much-needed excitement to the market, while EOS has continued to show bullish signs. Although Lido DAO has marked lows, some experts believe that the cryptocurrency has the potential to slingshot and rebound in the coming days.

Whether you’re a seasoned crypto investor or just starting, it’s essential to keep up with the latest market trends and news. The crypto market is highly volatile and can change in an instant, so it’s important to stay informed to make the best investment decisions possible. Use the bonus code DON50 to receive an additional 50% off your DETI purchases!

All About Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

Signuptoken.com is the Exceptional New Crypto that Involves No Presale; DeFi Tokens Dai and Cronos Continue their Powerful Technology

By
TI Partners
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0

Up-and-coming and veteran cryptocurrencies ignite a full potential for now and the future! There is a feeling of anticipation for the future because of Signuptoken.com and its special qualities! Dai (DAI) and Cronos (CRO), two cryptocurrencies with steadily rising values, led the way with their blockchain network. Discover what these three cryptocurrencies have to give and what it implies for the future!

Cronos and its Priority for the Future

Cronos (CRO) does not have any connection to the Greek God but controls a godlike status among cryptocurrencies! They were founded in 2018 with Crypto.com and operate as a decentralised, open-source network. On crypto.com, they’re the pros at dealing with processing payments. By its ability to convert into other coins on platforms like OKEx and Huobi Global, Cronos can be exchanged. Additionally, they reward their customers! For instance, customers who use the money to make purchases can be entitled to 20% cashback. The future of Cronos is to enter the Metaverse and produce original Web 3.0 material! You may potentially prosper when investing in Cronos.

Dai – The Powerful Stablecoin

Dai (DAI) is based on Ethereum (ETH) and is utilised as a stablecoin. Dai coins were introduced in 2017, and one Dai coin is equal to one US dollar. They’re now the 13th-ranked cryptocurrency on CoinMarketCap, all whilst its value stays mostly as one US dollar. Dai uses smart contracts and is governed by the MakerDao and Maker Protocol, much like Ethereum. Because stablecoins are uncommon in the cryptocurrency industry, it is tethered to the US dollar. Dai is unique in that it is not managed by a private corporation. As an alternative, Dai is controlled by a software protocol and a decentralised autonomous organisation. Investing in one of the major cryptocurrencies might be profitable for you!

Signuptoken.com Sparks Potential

An ERC-20-based token called Signuptoken.com is about to launch on the Uniswap (UNI) platform. Due to the fact that it is only available to subscribers, it differs from the typical presale promotions. The catch is that they want 1,000,000 email signups, which would give subscribers access to the fortunate cryptocurrency. When Signuptoken.com reaches 1,000,000 and is prepared to go live on Uniswap, an email will be sent out letting every subscriber know. The email can give you exclusive access to the Millionaires Club! It really is a blessing in disguise. By signing up for the email subscription, you might become a member of the Millionaires Club. We receive tons of junk or spam emails every day, but thanks to Signuptoken.com, one of them might completely transform your life.

Looking Forward

Signuptoken.com’s success and that of its Millionaires Club may be established once it hits 1,000,000 email subscriptions. The DeFi cryptocurrencies, Dai (DAI) and Cronos (CRO), are prioritising their highly-advanced technology! From March 2023, we may conclude that all three cryptocurrencies provide hope for the future.

 

For more on Signuptoken.com, check out the link below:

Website: Signuptoken.com

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