DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4361

Ripple (XRP) Price Prediction: Helium (HNT) Sees Bullish Momentum, Don’t Miss Out On The Orbeon Protocol (ORBN) Presale

By
TI Partners
-
0

The cryptocurrency market has been taking the world by storm. From Bitcoin (BTC) to Ethereum (ETH), cryptocurrencies have become an increasingly popular way of investing and earning profits. But with so many different cryptocurrencies available, how do you know which one to choose?

Here we will talk about Ripple (XRP), Helium (HNT) and Orbeon Protocol (ORBN) price movements. We will also explore why Orbeon Protocol (ORBN), which has just entered its tenth presale phase with a token price of $0.0877, may be better than Ripple (XRP) and Helium (HNT) in the long run.

>>BUY ORBEON TOKENS HERE<<

Investors worry about the future of Ripple (XRP)

Ripple (XRP) is a distributed ledger system that can be used as a coin or a means of instant digital payment. After a 20% increase at the beginning of the year, the Ripple (XRP) price hasn’t shown much movement since the beginning of February.

The recent dip in the volume of whale transactions on the Ripple (XRP) network is largely to blame for this price drop. Since February 3rd, Ripple (XRP) has experienced a consistent decrease of approximately 62% in active addresses, and a similar decrease in the frequency of transactions over $100,000.

Selling pressure from investors owning 10–100 million Ripple (XRP) has been a major factor in the price slowdown this month. At the time of writing, the price of Ripple (XRP) dropped significantly from its all-time high of $3.84.

At its current price of $0.3601, Ripple (XRP) has fluctuated a lot price wise from its initial price rather than its all-time high. Though Ripple (XRP) has changed in price a lot over the past month, investors are worried about its performance this year.

>>BUY ORBEON TOKENS HERE<<

Helium (HNT) price to go up to $5.02

In the digital landscape, Helium (HNT) has played a crucial role since it was first introduced. Helium (HNT) provides a platform for the development, deployment and operation of IoT devices and appliances on a safer and cheaper network.

Helium (HNT) provides a secure, scalable and cost-effective environment for developers to create Internet of Things (IoT) applications. When it comes to IoT, Helium (HNT) is the first decentralised, peer-to-peer community that is powered by cryptocurrency.

Despite being a relatively new cryptocurrency, Helium (HNT) has been getting a lot of attention recently. Additionally, the market still sees potential in the Helium (HNT) token despite its price declines in the past year.

The impressive Helium (HNT) team has announced future plans for the token, which may lead to greater success. From its present price of $2.24, the technical analysis predicts that the minimum cost of Helium (HNT) in 2023 will be $4.24. This year, the price of Helium (HNT) may go up to $5.02, as per experts.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN) predicted to skyrocket from $0.0877 to $0.24

The revolutionary investment platform, Orbeon Protocol (ORBN), aims to benefit companies and investors alike while causing a stir in the crowdfunding industry. Orbeon Protocol (ORBN) is focusing on building the first investment platform on which companies can provide fractionalized NFTs backed by real rewards or equity for as little as $1.

Orbeon Protocol (ORBN) uses the blockchain to make fundraising more open and safer. By connecting emerging startups with a larger group of investors compared to regular funding rounds, Orbeon Protocol (ORBN) facilitates the process of raising capital for enterprises.

The current tenth presale stage for Orbeon Protocol (ORBN) has begun, and is already showing massive benefits. Orbeon Protocol (ORBN) has risen in price to $0.0877, a whopping 2092% increase from its presale price of $0.004. Crypto analysts predict that the price of Orbeon Protocol (ORBN) will climb by 6000% by the end of the presale, landing at $0.24.

Thus, Orbeon Protocol (ORBN) is the best investment for those looking for massive short-term and long-term returns. Orbeon Protocol (ORBN) tokens will be available in limited numbers and investors should hurry before they all sell out.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

El-rufai Rages at Detractors, Threatens to Expose Corrupt Former Governors of Kaduna State

By
Tiamiyu Ismail
-
0

Governor of Kaduna State, Mallam Nasir El-Rufai has reportedly threatened to expose former governors of Kaduna State who allegedly got their wealth by illegally milking the coffers of Kaduna State.

The seating governor of Kaduna State on Monday vehemently reprimanded his detractors whom he claimed are far from being saints to desist from their plans to sabotage his government and downplay the goodwill of his administration.

According to the Vanguard, the governor warned that “if they continue to talk, he would have no choice but to tell the world how they looted the money meant for development in the state and ferried some to UAE and other metropolitan capitals of Europe and America where they allegedly acquired properties”.

El-rufai who granted an interview in Hausa language on Monday made the following allegations:

“One of the former Governors was allegedly complicit in a missing N500 million contract to reconstruct the popular WAFF  Road, as nothing was done on the road until he came as Governor and turned the road into a dual carriageway.

“They looted the money, the person they gave the WAFF road contract is dead.

“They are all looters, I know how they were before and look at their current status. One has built a big mansion in Kaduna  at Jabi” he said.

The incumbent governor of Kaduna added ”I challenge anybody who has knowledge of our government collecting 10 % commission from contractors.But these people were collecting 10% commission.

” I am a Quantity Surveyor, I know the quality of work they have done.”

However, among the former governors, el-Rufai was reported to have singled out former Vice President Namadi Sambo who during his reign as Governor of Kaduna State, “started a 300-bed specialist hospital in Kaduna but couldn’t complete the project due to the political exigencies that took him to Aguda House in Abuja”.

Microsoft Bing Hits 100 Million Daily Users

By
Samuel Nwite
-
0

Microsoft’s incorporation of ChatGPT into Bing, its search engine, is boosting the company’s growth as more users are becoming more inclined to use Bing as an alternative to Google. The tech giant said it has passed the 100 million daily active users threshold.

The milestone was announced last week by the software maker, just weeks after it integrated ChatGPT, AI-powered chatbot that provides humanlike context to queries. The idea is believed to have pushed many users to Bing that is hoping to catch up with Google’s 1 billion daily users.

“We are pleased to share that after a number of years of steady progress, and with a little bit of a boost from the million plus new Bing preview users, we have crossed 100 million daily active users of Bing,” says Yusuf Mehdi, Microsoft’s head of consumer marketing, in a blog post.

Bing Chat, a new addition to Bing, has become a driving force for the search engine’s growth. Mehdi said that around a third of Bing Chat testers are new to Bing.

“Roughly one third of daily preview users are using Chat daily. We’re seeing on average, roughly three chats per session with more than 45 million total chats since the preview began,” he said.

Another reason for the increased usage of Microsoft search engine is Microsoft Edge – the browser that replaced Internet Explorer, which the company has been aggressively updating with new features. “We expect new capabilities, like having Bing search and create in the Edge sidebar, will bolster further growth,” says Mehdi.

Microsoft incorporated ChatGPT into Bing search about a month ago. But the idea suffered a minor setback following a weird behavior, including rude responses to users, displayed by the chatbot during launch.

The Verge reported that Microsoft recently added a toggle for different personality tones designed to counter the wild outbursts many saw with the Bing AI chatbot. The California-based company also added some restrictions to halt the rude responses, but has been gradually loosening those restrictions over the past week.

Microsoft plans to wrestle a chunk of the search ad revenue from Google, and has been reeling out measures to accomplish that. Philippe Ockenden, Microsoft’s CVP of finance, said on a call with analysts last month, that the company plans to grab as much as possible from the $500 billion digital ad market.

“For every 1 point of share gain in the search advertising market, it’s a $2 billion revenue opportunity for our advertising business,” said

The Verge noted that Microsoft has boosted its ad business – growing it to $18 billion in revenue over the past 12 months, compared to $10 billion in the previous fiscal year. But the growth, which is largely attributed to Bing, still falls significantly short of Google’s $200 billion revenue within the same time period.

Finally, CBN Directs Banks to Comply with Supreme Court Judgment on Old Naira Notes

By
Samuel Nwite
-
0

The Central Bank of Nigeria (CBN) has finally obeyed the judgment of the Supreme Court, ordering it and the federal government to allow the old 200, 500 and 1000 naira notes to remain as legal tender until the end of the year.

The decision, which comes after a series of controversies that followed the naira redesign policy, was announced on Monday by the CBN spokesperson Isa Abdulmumin in a statement.

“In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023,” Abdulmunin said.

“Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

“Consequently, all concerned are directed to conform accordingly.”

Anambra State governor Charles Soludo had earlier on Monday, announced through his social media page that the CBN governor, Godwin Emefiele, has given commercial banks the go ahead to collect and dispense the old notes.

He said the CBN governor, who personally confirmed the decision to him, gave the directive at a Bankers’ Committee meeting held on Sunday.

“Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits,” he said.

This was followed by statements from the presidency, distancing President Muhammadu Buhari from the disobedience to the court judgment. Presidential spokesperson Garba Shehu said the CBN does not need a directive from Buhari to comply with the Supreme Court order.

“It is therefore wide off the mark to blame the President for the current controversy over the cash scarcity, despite the Supreme Court judgment. The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President,” Presidential spokesman Garba Shehu said in a statement.

The implementation of the naira redesign policy introduced late last year to curtail vote-buying and money laundering among other ills, unleashed chaos, crippling economic activities as the redesigned naira notes became scarce amid high demand compounded by elapsed deadline for the old notes to be phased out.

The Supreme Court had on March 3, nullified the policy, calling it an affront to the constitution. The court scolded the federal government for disobeying its earlier order which nullified the February 10 deadline set by the CBN to make the old notes illegal tender.

However, the federal government and the CBN refused to comply with the judgment extending the validity of the old notes to December 31, 2023. Their disobedience to the court judgment exposed the nation’s economy to further strains.

The Centre for the Promotion of Private Enterprise (CPPE) said the Nigerian economy has lost an estimated N20 trillion to currency scarcity created by the naira redesign policy.

“The economy is gradually grinding to a halt because of the collapse of payment systems across all platforms. Digital platforms are performing sub-optimally because of congestion; physical cash is unavailable because the CBN has sucked away over 70 percent of cash in the economy; and the expected relief from the Supreme Court judgment has not materialized.  The citizens are consequently left in a quandary,” the CPPE said.

Leadership Lesson from Silicon Valley Bank CEO And Why Mindless Transparency Ruins Empires

By
Ndubuisi Ekekwe
-
2

In the Igbo Nation, Diochi, the village palm wine tapper, will remind you that only a fool tells everything he sees on top of the palm tree. And the village respects that because on that palm tree, he sees everything (people bathing in the village stream, women delivering babies on roads to farms, etc).

That takes me to why Silicon Valley Bank collapsed. On Friday, I wrote that the CEO of the bank was mindless on how he explained the challenges of the bank on Wednesday. He was acting like a non-banker, being uncommonly transparent to the point you would ask: does this man know that he was representing a bank, and not a trucking, beverage, restaurant, etc business?

I get the point: let us be super-transparent and process all information in the public domain so that the world will know that we are transparent. Unfortunately, that is not how banking works because humans will make their calls differently. I faulted the man, making a case that before going public, he ought to have fortified the bank. He did not: he went public and then thought he could control the hours in private to cushion the mess.

A piece on CNN supports my thesis, using these words and lines to describe what happened – “That was absolutely idiotic,” ‘“unnecessary” because Silicon Valley Bank had sufficient capital far in excess of regulatory requirements’, ‘People are just shocked at how stupid the CEO is.”

Get me right: I believe in transparency but sometimes, we become weak thinking that transparency can absorb us from leading. This man, from all the ratios in the banking charter, is not obliged to report what he reported on Wednesday. Also, $2 billion for a mid-tier US bank is not a lot of money for him to blow the big air.

Across all domains, he could have booked this loss, raise the money and explained during an earnings call what happened. But here, instead of doing that, he told people he has a problem in PUBLIC before finding a solution in private. Unfortunately, he did not have the time to find that solution. He could have called the Saudis, Musks, etc – and closed the flanks.

People, we love transparency. But note that empires, kingdoms, military battalions – and banks, fail if leaders do not do what they have to do in private, securing fronts and flanks, before coming to the public, unless when that public pronouncement is absolutely necessary. The revelation on Wednesday was not required by law, and a gap of $2 billion for a mid-tier US bank is not money for a 40-year old banking institution. 

But that error brought the bank down. It also reminds us that working in a bank, we need to manage information carefully, especially if we’re higher up in the leadership rank. Yes, remember: Diochi is also the man who shouts from the palm tree, alerting the village when he sees something that requires urgent and immediate attention. #wisdom

Jeff Sonnenfeld, CEO of the Yale School of Management’s Chief Executive Leadership Institute (CELI), told CNN he agrees that Silicon Valley Bank’s leadership deserves criticism for their “tone-deaf, botched execution.”

“Someone lit a match and the bank yelled, ‘Fire!’ – pulling the alarms in earnest out of genuine concern for transparency and honesty,” Sonnenfeld and Steven Tian, CELI’s research director, said in an email on Sunday to CNN.

Sonnenfeld and Tian said not only was the announcement of an unsubscribed $2.25 billion capital raise Wednesday night “unnecessary” because Silicon Valley Bank had sufficient capital far in excess of regulatory requirements, but there was no need to simultaneously reveal the $1.8 billion loss.

Comment On Feed

Comment 1: I believe every executive has one or two things to learn from SVB and Signature Bank saga. FDIC and the Fed really surprised the world this time not bailing out the bank but guaranteed 100% of depositors money. Many pundits have postulated around 50% max. for the depositors funds.

Another intriguing thing about SVB is the interest HSBC UK has shown in acquiring the failed bank. SVB is that strategic to the VC and startups world.

We do hope HSBC will pull through if the books are not that rotten anyway. Let’s keep our fingers crossed looking at events unfolding in the coming weeks.

My Response: HSBC can do that in the UK because the UK was fair to its bank-buyers in 2008. JP Morgan bought Bears Stearns. But after rescuing Bears Stearns and WaMU, the US government fined the buyers, eroding shareholders’ value. JP Morgan was fined $13+6 BILLION (total of $19 billion): “JPMorgan would go on to acquire another investment bank, Washington Mutual, shortly after. The two acquisitions would ultimately cost a combined $19 billion in fines and settlements.” 

So, when the government called over the weekend, no bank agreed to buy SVB or Signature just as none touched Silvergate.  I spoke with a bank Managing Director today, he explained what is going on: “everyone remembers those fines when folks tried to help only to be burnt with fines”.

1...4,3604,3614,362...8,007Page 4,361 of 8,007

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy