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Financial independence Key for Women in Crypto

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Financial independence is a key motivating factor behind Cryptocurrency investment decisions made by women, followed by the probability of high returns and potential utility, according to a survey report by cryptocurrency exchange WazirX.

The survey conducted featuring 400 female crypto holders showed that 45 per cent of women in the age group of 45-60, 41 per cent in the age group of 18-30, and 34 per cent of women between the ages 30-45 invested in crypto for financial independence. This has been a trend globally where women have chosen crypto for personal wealth creation and portfolio diversification, the report noted.

According to the survey, 19 per cent of respondents invested in Crypto because of combined factors of high returns and potential utility. 25 per cent of women feel that with crypto investment, they are socially appreciated for trying new forms of financial assets; 15 per cent feel that they are considered financially knowledgeable; 10 per cent feel that they are perceived as knowledgeable of the latest technological developments.

In addition, 6.8 percent feel that a combination of the above three scenarios is applicable to them after investing in Crypto. However, 26 per cent feel that crypto investment has not had an impact on their social standing.

The survey also revealed that respondents want more social media information, news articles, and awareness programs, in order to boost the level of knowledge in crypto. While the imposition of taxes and the bear market have impacted trading in India, female investors continue to be bullish about this sector.

The highest number of signups among females came from the age group of 25 – 35 in the last two years. It was 51.02 per cent and 44.28 per cent in 2021 and 2022 respectively. Closely following are female users between 36 – 50 with 29.98 per cent and 32.54 per cent in 2021 and 2022 respectively, the report further noted.

SilverGate Capital Exposure

Meanwhile, cryptos went down today on the concerns that Silvergate Capital, a crypto friendly bank, may implode, notes Coindeck.

Bitcoin (BTC) wobbled a bit early Thursday as crypto-friendly bank Silvergate Capital (SI) shed more than 50% of its value on worries it may not survive, but turned upward in afternoon trading and is now higher by 0.4% over the past 24 hours at $23,500. California-based Silvergate said in a filing late Wednesday that ??the impact of recent events – notably the FTX exchange collapse and subsequent regulatory inquiries – raised questions about the bank’s ability to “continue as a going concern.” The news led to at least two sell-side downgrades and a wide range of crypto firms pulling their business from the lender. Shares were down 58% shortly before the close of Thursday trade.
Unlike, for instance, the FTX collapse in November, which sent bitcoin plunging to multi-year lows, the looming concerns on Silvergate had little effect on the world’s largest cryptocurrency by market value. The price of bitcoin on Thursday remained in the mid-$23,000 area.

ChatGPT is Eating the World!

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People, one geek noted many years ago that software will eat the world. Of course, I have also added that software will also save and advance the world. As that redesign happens, new vistas in markets will emerge. In our contemporary time, no software system posits that construct than the chatbot named ChatGPT.

How do you know? From Shopfiy to SnapChat, Microsoft to Instacart, etc, ChatGPT is emerging as an operating system for the emerging age of consumer AI. Bankers in Bank of America have noted that the “adoption rate of this technology so far is unprecedented,” putting us on the verge of another “iPhone moment,” and predicted the economic impact would be $15.7 trillion by 2030.

If you are building something in the space of intelligent software with applications in optimizing productivity within the African space, please let me know at Tekedia Capital. Think of insurance claim management, orchestration of trading, inventory management, sales engineering, etc. A new basis of competition has been set by #ChatGPT and the world of commerce will never be the same.

“More apps get ChatGPT features. Instacart and Shopify are integrating ChatGPT with their own software and providing business customers access to OpenAI’s systems. With Instacart, users will be able to message ChatGPT to carry out recipes later this year while those on the Shopify app will get shopping recommendations tailored to their tastes.” Fortune

Some perspectives on ChatGPT:

—Bank of America said the “adoption rate of this technology so far is unprecedented,” putting us on the verge of another “iPhone moment,” and predicted the economic impact would be $15.7 trillion by 2030.

—Tesla CEO Elon Musk said he would create a new “based” A.I. to counter what he says is increasingly “woke” A.I., leading Jonathan Greenblatt, CEO of the Anti-Defamation League, to conjure up “the idea of a fragmented A.I. universe, like we have a fragmented social media or network news universe. I think that’s bad for all of us.”

–Closer to home, the CEO of media company Axel Springer, Mathias Döpfner, said he foresees disruption to media as big as the disruption that the internet caused for newspapers, and provided this mind-spinning quote: “Artificial intelligence has the potential to make independent journalism better than it ever was—or simply replace it.”

Fortune newsletter

House Committee Approves Legislation that Will Give Biden Power to Ban TikTok

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WASHINGTON, DC - JANUARY 25: U.S. President Joe Biden signs an executive order related to American manufacturing in the South Court Auditorium of the White House complex on January 25, 2021 in Washington, DC. President Biden signed an executive order aimed at boosting American manufacturing and strengthening the federal government's Buy American rules. (Photo by Drew Angerer/Getty Images)

TikTok is facing a possible complete ban in the United States following the approval of a House committee-backed legislation that will give President Biden the right to block the operation of the short-form video app.

Through votes cast along party lines on Wednesday, the House foreign affairs committee supported the legislation that will grant Biden’s administration new powers to ban TikTok and other apps seen as potential risk to the US national security.

The legislation follows culminating moves by states across the US to ban the Chinese-owned app on government-issued devices. The European Union Commission and Canada have also done the same.

TikTok has been at the receiving end of the US nervousness about China’s espionage and the concern that the use of the social media app could make information on official devices vulnerable.

Late last year, the FBI director, Chris Wray joined lawmakers in the US to warn that the platform poses a potential risk to the US national security. That followed several other warnings issued by the US Congress, the military and the White House that TikTok poses a security risk.

Wray said the FBI was concerned that Beijing has the ability to control the app’s recommendation algorithm, “which allows them to manipulate content, and if they want to, to use it for influence operations.” He added that China could use the app to collect data on its users that could be used for traditional espionage operations.

This concern was reinforced by the Republican committee chair, Michael McCaul, who described TikTok this week as a “spy balloon in your phone”, in reference to the Chinese surveillance balloon that was shot down off the coast of South Carolina last month.

Voting along party lines, Democrats who are worried that the bill introduced by McCaul would deter America’s technological adversaries act voted against it, but Republican lawmakers pushed it through 24 to 16.

For now, it’s not clear if the House and Senate would pass the bill for it to be signed into law by Biden.

However, McCaul told Reuters after the vote that he thinks the TikTok bill will be taken up on the floor “fairly soon” and voted on by the full House this month.

US allies have upped their scrutiny of TikTok following the ban initiated by Washington and other states. With the EU Commission and Canada blocking the use of the app on government-issued phones, more countries are expected to jump the wagon soon.

However, on Monday, the British government said it has seen no evidence of the need to ban TikTok.

“We have no evidence to suggest that there is a necessity to ban people from using TikTok,” the UK’s secretary of state for science, innovation and technology, Michelle Donelan, told Politico. “That would be a very, very forthright move, that would require a significant evidence base to be able to do that.”

Similarly, Democrats believe the move to ban TikTok stands against the principles of free speech and other American interests.

Representative Gregory Meeks, the top Democrat on the House foreign affairs committee, said he opposed the legislation because it would “damage our allegiances across the globe, bring more companies into China’s sphere, destroy jobs here in the United States and undercut core American values of free speech and free enterprise”, per The Guardian.

A Chinese foreign ministry spokesperson said on Tuesday the US’ ban of TikTok on government devices revealed Washington’s own insecurities and was an abuse of state power.

Concerned about the move, the American Civil Liberties Union (ACLU), had warned through a letter written to McCaul this week, that the legislation was “vague and overbroad” and would “violate the First Amendment rights of millions of Americans who use TikTok to communicate, gather information, and express themselves daily”.

TikTok, which is owned by Chinese tech company ByteDance, has become a darling platform for people around the world. The app has racked up more than 1 billion users worldwide, according to analytics firm data.ai. The US, which has around 110 million users, is one of its largest markets.

The embattled company, which has unsuccessfully tried to mitigate the security concern arising from its ownership by ByteDance, a Beijing-based tech firm, said it was “disappointed” to see the legislation being brought forward.

“A US ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide. We’re disappointed to see this rushed piece of legislation move forward, despite its considerable negative impact on the free speech rights of millions of Americans who use and love TikTok,” said a TikTok spokesperson.

Collateral Network (COLT) Superior Functionality Propels It Ahead Of Huobi Token (HT) and Ripple (XRP) In Market Dominance

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In the world of cryptocurrency, there are always new and innovative projects emerging that aim to disrupt traditional financial systems and offer users a new way to conduct transactions. Among these projects are Huobi Token (HT), Ripple (XRP) and Collateral Network (COLT).

While all three cryptocurrencies have their unique features and benefits, only one stands out as the clear leader in functionality and market dominance. In this article, we will be discussing why Collateral Network (COLT) is appearing superior to Huobi Token (HT) and Ripple (XRP), and why it is poised to take over as the top cryptocurrency in the market with an estimated 35x gains in 6 months.

>>BUY COLT TOKENS NOW<<

Huobi Token (HT) recovers after a period of decline, but experts caution against investing

Huobi Token (HT) has seen a recent increase in value, with a price decline at the time of writing. However, this follows a period of decline for the Huobi Token (HT), which has lost value over the past 30 days.

While there has been some recovery in the past week, with a slight price increase, this may be due to uncertainty in the market following the FTX collapse. Some analysts speculate that the recent acquisition of Huobi Token (HT) by Capital Management may have contributed to the price surge, but it is unclear how long this will last.

Despite this, the acquisition is only a change in the company’s top shareholder and will not affect the day-to-day operations or management of the company. Thus, it is important to consider all factors before deciding to invest in Huobi Token (HT).

However, it is not certain that the value of Huobi Token (HT) will continue to decrease. The cryptocurrency market can be volatile and unpredictable, and it is possible that the price of Huobi Token (HT) could decline further due to the above factors.

>>BUY COLT TOKENS NOW<<

Falling Ripple (XRP) price makes it difficult for investors to recoup investments

Ripple (XRP) is another cryptocurrency that has struggled to maintain its market dominance in recent years. While Ripple (XRP) initially gained popularity for its ability to conduct low-cost international transactions and support a large number of cryptocurrencies, Ripple (XRP) has struggled to keep up with the rapid pace of change in the market.

One of the main reasons for the struggles for Ripple (XRP) is its falling prices, which has made it difficult for investors to recoup their investments. The bear market conditions have also hindered the ability of Ripple (XRP) to attract new users and grow, exacerbating its challenges.

The current Ripple (XRP) price is $0.388, with a decrease in value over the past 24 hours.

>>BUY COLT TOKENS NOW<<

Fast turnaround and competitive rates make Collateral Network (COLT) attractive for borrowers

In contrast to Huobi Token (HT) and Ripple (XRP), Collateral Network (COLT) is a revolutionary new platform that is changing the way people borrow and lend money. As the world’s first crowdlending platform for non-fungible tokens (NFTs), Collateral Network (COLT) is making it easy for borrowers around the world to unlock cash from their physical assets on the blockchain.

With Collateral Network (COLT), users can become their own banks and provide fractional loans to other borrowers for an agreed fixed rate of interest. Thus, borrowers can use their physical assets to release cash without needing to sell their assets or go through multiple hoops and ticking boxes.

One of the unique features of Collateral Network (COLT) is that it is the first project to mint NFTs against physical assets, fractionalizing them and allowing the community to fund the loans. This innovative approach allows borrowers to quickly and easily access cash from their assets, while also providing investors with an opportunity to earn a fixed income.

In addition to its superior functionality, Collateral Network (COLT) also offers a number of benefits for both borrowers and investors. For borrowers, the platform offers a fast turnaround time, with cash being available within 24 hours. It also provides privacy, as borrowers can borrow against their assets discreetly without leaving a footprint on their credit file.

Additionally, Collateral Network (COLT) is transparent, with all contractual information stored in the metadata of the NFT, which is published on the public blockchain, and cannot be altered or changed. Borrowers can also access competitive rates with flexible terms, making it a low-cost option.

The Collateral Network (COLT) presale is currently underway in its first phase and the price for tokens are only $0.01, with predictions for the price to increase 35x in the next 6 months.

Find out more about the Collateral Network presale here:

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

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Young People, The Future Has Promises and I want you to #Believe

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Young People, I shared a version of this post on my blog Tekedia immediately after the election results were called, but decided not to share it  on LinkedIn and Facebook, to avoid feeding a swamp. Sure, I reached out to some in my immediate world and told everyone to #believe and #hope.

But over the last few hours, I have been inundated to put a post after “Prince Patrick” who made a post on his frustrations in life, and who as I write, no one has been able to reach him, has become an suspect suicide victim [I have no capacity to verify the authenticity].

Nigeria’s economy is bad. Many may have been broken by many things including the elections. But note this: hope and unalloyed sheer optimism about you, and your future, must not be broken by election results. “Ndu bu isi” [life is the first thing in this world] is one of the most popular names in the Igbo Nation and I share that name; I did a non-academic study in Ovim (my village), and noticed that Ndubuisi was named within 1970-1980 than any other name there. Yes, after a war, parents who survived just said “we’re happy we are alive”. With that life, they believed new futures would emerge!

Yes, no matter the economic miry clay, we will survive. Indeed, no matter the challenges, please call your pastor, iman, family, classmate, etc and do not do crazy things. If your candidate lost, dream beyond that loss because there are promises in the FUTURE. I want you to focus on that future and #believe.

God bless the Youth of Nigeria and the Youth of all nations.