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Fantom (FTM) Whale Addresses Are Dumping, Cardano (ADA) Founder Slams SEC’s “One-Size-Fits-All” Staking Regulation While Market Analysts Predict That TMS Network (TMSN) Will Grow Faster In 2023

By
TI Partners
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0

The crypto market is experiencing some of the most significant events among cryptocurrencies. It includes conflicts between Cardano (ADA) and SEC, Fantom (FTM) whales making suspicious moves, and TMS Network (TMSN) expected rise this year.

Fantom (FTM) may face a severe meltdown as whales and sharks make huge dumps: the token price drops to $0.4622

The recent movements of whales and sharks, towards the Fantom (FTM) platform, is causing concern among investors. The sudden influx of sell orders from these large addresses has put pressure on Fantom’s (FTM) price. This has resulted in a significant drop in Fantom (FTM) value. Its live price is $0.4622, which is 6.66% down within the past 24 hours. There is an opportunity that many Fantom (FTM) investors will withdraw their holdings too.

The reasons these whale addresses dumped their Fantom (FTM) holdings are unclear. However, it is worth noting that the Fantom (FTM) market is often volatile and subject to sudden fluctuations. The incident has highlighted the potential risks associated with investing in Fantom (FTM). Thus, it’s advised to exercise caution while making further investments in Fantom (FTM).

Cardano (ADA) founder criticizes SEC’s staking policies; The price reaches closer to the $1 mark

The founder of Cardano (ADA), Charles Hoskinson, has criticized the US Securities and Exchange Commission’s (SEC) approach to staking regulation. Hoskinson argued that the SEC’s rules fail to take into account the unique characteristics of staking, which is a critical aspect of many blockchain networks, including Cardano (ADA).

Hoskinson points out that Cardano (ADA) network’s staking differs from traditional securities offerings too. Thus, it should be treated as such. Cardano (ADA) uses Ouroboros, which is a proof-of-stake consensus mechanism. It allows Cardano (ADA) holders to participate in staking by delegating their tokens to a stake pool to help validate transactions and earn rewards.

He believes that SEC’s approach could stifle innovation in the Cardano (ADA) network, and harm the growth of other emerging blockchain networks.

Moreover, Cardano (ADA) price chart has not been doing well recently. Its live price is $0.3645, which is a 5.20% drop in the last 24 hours. However, some investors believe Cardano (ADA) may soon reach the $1 mark.

TMS Network (TMSN) seems promising in 2023 in terms of price growth

TMS Network (TMSN) is a one-of-a-kind trading platform with many innovative solutions. It specifically focuses on aiding conventional investors who want to engage in decentralized trades. TMS Network (TMSN) offers them a number of benefits. Users will get to leverage an advanced strategy builder equipped with an Artificial Intelligence interface, and have a smooth trading experience on TMS Network (TMSN).

Additionally, users can also maximize their profits using the crypto trading signals offered by the TMS Network (TMSN). These signals are powered by quants and technical indicators. TMS Network (TMSN) focuses on maintaining low latency and quicker trade execution. One of the best advantages of TMS Network (TMSN) is it allows users to follow and copy the leading traders in the network. Thus, one can ensure they make the right investment decisions while trading on TMS Network (TMSN).

Don’t miss out on these benefits and join TMS Network (TMSN) community today. The token is available at $0.025, and the platform’s first presale stage is almost sold out, with $400K raised so far.

 

You can find out more about TMS below:

Whitepaper: https://tms-net.netlify.app/whitepaper.pdf

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

Twitter: https://twitter.com/tmsnetworkio

I Blocked Some LinkedIn Followers

By
Ndubuisi Ekekwe
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2

Good People, I did some house cleaning in the last few minutes. Yes, I blocked many people in our community. They broke my rules which are actually more conservative than LinkedIn’s. As I have noted, calling names, insulting people by calling them names, degrading commenters due to their tribe/gender/etc, pushing ad hominem attacks, etc are NOT allowed on my feed.

What is allowed is an intellectual debate: challenge the theses put by Ndubuisi Ekekwe or our members, but do not go after them as persons.  I put a lot of effort into making sure people comment here, and one rule is this: we want to make everyone feel confident that s/he can express an opinion without a personal attack. And to a large extent, our community is healthy, dynamic and growing. Those who had been blocked would not be missed (they have my contact via Tekedia, and most do ask to be unblocked after promising to stay on topic and avoid tribal attacks).

Also notice that those insulting Obi, Atiku and Tinubu are out; feel free to do whatever you want against them, but do not use my feed. I grew up in a community where two governors attended community meetings, and waited for permission to express views in community squares, from their elderly village-living kinsmen. Simply, while we disagree on policies, RESPECT must be respected!

More so, my name is Ndubuisi and an Igbo man. That is a constant as in mathematics. While I try to be fair and balanced here, I understand that everything I write is viewed by many Nigerians from the lens of tribe. That is fine. But when I observe that someone is just fixated on that, blinding him or her from reason, I make things easier by asking the person to leave.

Disagree with me but do not disagree because my name is not Adamu or Kunle, but because it is Ndubuisi. If we cannot converge there, it means there is no basis to debate.

Finally, I ADMIRE having everyone here. I learn so much from the community and please keep coming, commenting and we will co-advance. Yes, FOLLOW Ndubuisi Ekekwe if you have not done so already. I will do my best to keep it healthy for all. Thanks.

Added this for Facebook Feed

I do this in LinkedIn once in a while; I did it last night. Hopefully, our community here will grow. I am sharing for us to understand the rules. There have been many stuffs, insults, etc recently on this Facebook feed. Attacking Obi, Tinubu, Atiku, etc are not allowed; do them on your feed. I want intellectual conversations. If you do not agree, offer a counter-perspective but no insults.

I see my feed as a school and that means pushing the envelopes of idea creation, dissemination and assimilation, understanding that I do not write to please anyone. Also, you do not and must not please me. But let us debate and may the best idea WIN. On Linkedin, there are more than 110 comments with tens of thousands of views, but no insult; they just focus on ideas. Let us work towards that here; I thank you for coming to this feed.

Nigerian Stock Market Loses Months-Long Streak on Tinubu’s Win

By
Samuel Nwite
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0

The equity market on the Nigerian Exchange Ltd. (NGX) has reacted to the outcome of Nigeria’s presidential election, ending its five-day gaining streak.

Peoples Gazette reports that the NGX performance indices shed 0.53 per cent due to sell-offs in medium and large-capitalized stocks.

But Bloomberg had reported that five of Nigeria’s dollar bonds ranked among the 10 best performers on Monday in a Bloomberg index of 71 emerging and frontier nations, as investors bet on the candidate of the All Progressive Congress (APC) to win the presidential election.

However, it’s a different response from the Nigerian stock market, which has maintained months of consecutive gains before the election. PG’s report below shows how the market performed.

The market capitalization dropped by N162 billion or 0.53 per cent, to close at N30.238 trillion as against the N30.4 trillion recorded on Tuesday.

Also, the All-Share Index (ASI) declined by 297.65 points to close at 55,508.61 compared with 55,806.26 posted in the previous session.

The downturn was due to selloffs in, mainly in telco heavyweight, Airtel Africa and others. As a result, the year-to-date return fell to 8.31 per cent.

“Positive sentiments remain in the market, as seen in the number of gainers versus losers. We expect to see profit taking in some selected stocks that have rallied in recent sessions, while market breadth remain in the green,” said analysts at Vetiva Securities Ltd.

Also, market breadth closed positive with 24 stocks on the gainer’s table, while 10 on the losers’. Veritas Kapital Assurance led the gainers’ chart in percentage terms by 10 per cent to close at 22k, per share. Ardova followed with 9.76 per cent to close at N18.55, while Wema Bank grew by 8.75 per cent to close at N4.35, per share.

The Initiative rose  8.33 percent to close at 52k, while Geregu Powers appreciated by 8.20 per cent to close at N298.10, per share. On the other hand, John Holt led the losers’ chart in percentage terms by 6.66 per cent to close at N1.59, per share.

Ecobank Transnational Incorporated (ETI) followed with 7.69 per cent to close at N12, while Airtel Africa dropped by 5.25 to close at N1,535, per share.

United Capital shed 3.91 per cent to close at 14.75, while FTN Cocoa Processors lost 3.45 to close at 28k, per share. The trade turnover increased by 36.73 per cent to 228.49 million units, valued at N4.44 billion and exchanged in 3,6 deals.   Transactions in the shares of Capital Hotel topped the activity chart with 333.24 million shares valued at N2.33 billion.

Transcorp followed with 44.89 million shares worth N67 million, while  Guaranty Trust Holding Company (GTCO) traded 46.63 million shares valued at N126 billion.

Oando traded 19.98 million shares valued at N102.33 million, while Access Holdings transacted 19.42 million shares worth N186.21 million.

Is “Knowledge Power” or “Power is Power”: What “Nigerian Youth” Can Learn from the Election

By
Ashraff Adeyemo
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0
A Nigerian youth seen waving the Nigerian national flag in support of the ongoing protest against the unjust brutality of The Nigerian Police Force Unit named Special Anti-Robbery Squad (SARS) in Lagos on October 13, 2020. - Nigerians took to the streets once again on October 13, 2020, in several cities for fresh protests against police brutality, bringing key roads to a standstill in economic hub Lagos. Demonstrations organised on social media erupted earlier this month calling for the abolition of a notorious police unit accused of unlawful arrests, torture and extra-judicial killings. The government gave in to the demand on October 11, 2020, announcing that the federal Special Anti-Robbery Squad (SARS) was being disbanded in a rare concession to people power in Africa's most populous nation. (Photo by Benson Ibeabuchi / AFP) (Photo by BENSON IBEABUCHI/AFP via Getty Images)

What I am hearing and what you must have heard is that it is time to give power to the youths, or time for the youth to take power. However, I don’t know where power is given and how simply power can be taken.

It is recently that people started changing the phrase ‘knowledge is power’ to something like ‘power is power’, probably because of ‘Game of Thrones’ movie coming to change established wisdom or because people started seeing people in power but do not know how they got there. But does that mean they just jumped there?

I believe the quake created recently in Nigeria by the Labour Party led by Peter obi and followed by ‘Nigerian youths’ who are created by the Endsars aftermath;  where the youths believe that the ruling ‘old people’ have failed and the consequences are killing the youth so they want to go from rampage on the street to take over the government. That is strange! If they claim this is not the case then what was the plan? The agitation was not created by any structure nor did it evolve into any. In fact, the logic posed then was not to make anything organized so it won’t be infiltrated by the ruling class that are somewhat organized.

This class of youths claim they represent the Nigerian youths and later in the course, the voices of the people dominate the fan and the disciple of the presidential aspirant of LP (Labour Party). These ‘Nigerian youths’ curse those that supported a person like Tinubu, of the APC especially the youths as a betrayer and slaves of the corrupt class.

How easy is it to pass down power and create regeneration in the political system of a country especially if the existing system is unfavourable, corrupt and selfish? has this form of emotionally driven- expressions and proclamations, and uncalculated moves and assertions ever toppled the existing greedy government? Do we really think it is easy to make a change after so many years of degradation from people who were once young and then grew in rank to become the ruling generation by just trying to make points under 160 characters on Twitter within the bedroom? Shouldn’t the be more to it if we are serious?

Youth claim to be angry, fed-up ready. The Endsars event made this clear and it was closely followed by the election to swap governments. It is then strange that of all the agitations, and tweets, only Peter Obi with is grey hair was available.

Knowledge might not be power but knowledge brings power. It is irrational to say power is power because you need to have that power first, and it can only be easy through inheritance and a fool that inherit power can’t keep it.

In the history of those that were youth before us but with the same problem can be a place to start. The Nigerian heroes fought to take power from a more advanced race that came to colonize us. If you listen to the likes of Tafawa Balewa, Obafemi Awolowo, Nnamdi Azikiwe, etc, you will understand and feel the knowledge and freedom-fighting wisdom to take back their country. It is like taking candy from a cow, you don’t want to be dead and be blamed. And this way of engagement can’t happen differently. We are being colonized by our greed and age is not the problem the but a general corrupt mentality. Black people that were violent at those times were commended but they died anyway. It was the Whites who gave freedom to us after it was sought through wisdom and maturity. They were young too and their fathers might have displayed ’endsars’ energy but we met by ‘massacre’ beyond the ‘lekkis’; and failed.  These young men did not even make a ‘Fela’ their mouthpiece while he was smoking weed the way Endsars event went, nor did they make the playful and ranting Aisha Yesufu and falz A Bad Guy as a spokesperson. They were intellectuals; they understood the system and they penetrated it.

A closer example is the story of Obama. He was young. His skin color made it even worse for him to become a president in the land of white. He could be listening to DMX or 2PAC for motivation, but he did not.  Obama grew within the rank of people you will naturally see as trash, ‘the old people’ to get to the top.

I could remember in our Aluta days, not much can be achieved if we do not own some of the elders before Aluta continua. Lecturers are consulted in our plans for wisdom and secrets and so if the sky will fall it won’t cost us in the process of winning.

Let’s even look back more on some prominent agitation versus common sense. The liberation of the Black Americans from the White, unfortunately, started with ignorance, youthful exuberant and mindless agitation like the Endsars. This won the blacks nothing but hate and guns. Elijah Muhammad came up with an ‘Islam’ to fight the Whites just like they used Christianity to suppress Africans. But this amounted to nothing also as the idea is based on both hate and ignorance. The White are the ones with the power so you can’t outrun them. It took the knowledge and wisdom of Martin Luther King to stand right and Malcolm x to understand that Islam to liberation.

Guys just want to listen to themselves over and over again until the echo suggests to them, they are the voice of the people. The need to read and learnt the past is clouded by afro music and smart-looking tweets. The belief in insults, clap-backs and mockery is a way to fight and a sign of intelligence. Believe because some run tech hubs mean they are ripe enough to rule a country even without a political party or a sustained marriage. They wonder why you don’t rant with them because with your rant, a corrupt leader will resign. How Sowore easily faded from minds like a child throwing off a toy in the face of ice cream.

So, are the youths truly ready?

The system has made our education impotent and no one is sure their knowledge can stand what matters. Many are on drugs clouding their reasoning and to mention the old ones forget it is their responsibility to build the next generation even if all they care about is chatting and ranting on keypads. Until we are organized and get trained to learn the secrets, we will keep hoping for one of the old people that will be sent to build to deliver the nation, and that man can only be like Obama and not obi.

We are hoping the new regime will bring up the youth, not only by negative or positive encouragement but a conscious system to train younger ones in leadership to sustain their good work (If there is any). These youths shall co-exist with your children and if you mismanage them, they will collapse the system at the time it won’t be on your watch again. Apparently, the political prowess of Asiwaju is undeniable, so when he said “emi lo kan’ (it is my time now), we found it disgusting but logically acceptable since we are not blind, we could see the road map and footprint, we should learn from that.

Analysts Favor Collateral Network (COLT) Over Fantom (FTM) and Elrond (EGLD)

By
TI Partners
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0

There are winners and losers in the blockchain space, and investors are always looking for the next big project. Recently, analysts have been keeping a keen eye on phase 1 of Collateral Network’s (COLT) presale, which represents a great opportunity for early investors ahead of 35x returns. Let’s review why analysts are favoring COLT over Fantom (FTM) and Elrond (EGLD).

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT)

Collateral Network (COLT) is the world’s first crowdlending platform that uses asset-backed NFTs as collateral for loans. This new system by Collateral Network (COLT) allows borrowers to acquire fast cash payments without impacting their credit scores.

On the lender’s side, they can capitalize on an entirely new asset class and earn interest payments every week — all with just a few clicks.

For example, Mr. Mitty wants to take out a loan of $500 and has identified a piece of art he owns as collateral. He signs up for Collateral Network (COLT), mints an NFT for his artwork, and then lets lenders bid on the loan. He can receive funds in less than 24 hours and pay the lenders back with interest as per the terms of the loan.

The asset-backed NFTs are fractionalized, meaning lenders can own a tiny portion of the NFT, making them more accessible and liquid than ever before. This also provides an opportunity for smaller investors to get involved in asset-backed lending with minimal risk.

Collateral Network (COLT) has a utility token to incentivize users on the platform and unlock premium services, such as reduced fees on the marketplace, discounts on borrowing fees, governance voting rights and more.

The COLT token has just been released to the public via the presale, and analysts are expecting a huge demand. When you consider that Collateral Network (COLT) is bringing much-needed change to the $1.5 billion crowdlending industry, it’s easy to see why analysts are so bullish on the Collateral Network (COLT) project, forecasting that COLT will rise by over 35x during presale.

>>BUY COLT TOKENS NOW<<

Fantom (FTM)

Fantom (FTM) is like the rebel of the smart contract world – while everyone else is content with blockchain technology, Fantom (FTM) said “Nah, we’ll do things our own way.” And that way happens to be using directed acyclic graph (DAG) technology, which gives it some serious speed and scalability advantages.

Fantom (FTM) has seen some adoption from Defi projects that are impressed by its performance, but the blockchain space is highly competitive, and for now, Fantom (FTM) hasn’t been able to gain a significant advantage over competitors.

Fantom (FTM) is down 94% since hitting its all-time high of $3.48 in October 2021. While the whole crypto market is down since then, the performance of Fantom (FTM) has been particularly poor. Analysts suggest that Fantom (FTM) holders can either be patient or swap to Collateral Network (COLT) for a better risk-to-reward ratio.

>>BUY COLT TOKENS NOW<<

Elrond (EGLD)

Elrond (EGLD) is a blockchain platform that uses sharding technology to enable extremely fast transactions, with the potential to process 15,000 transactions per second at just $0.001 per transaction through Elrond (EGLD).

Elrond (EGLD) simply has one of the most powerful infrastructures in the blockchain space, which is why the recent rebrand from Elrond (EGLD) to “MultiversX” is so perplexing. This rebrand represents a shift away from what it’s known for, which could be a sign that Elrond (EGLD) is looking to target retail investors rather than serious developers.

Additionally, Elrond (EGLD) is down nearly 94% from its all-time high. Many analysts feel that this type of performance by Elrond (EGLD) isn’t worth the risk involved and are instead opting to invest in Collateral Network (COLT) and other projects with better risk-to-reward ratios.

 

Find out more about the Collateral Network presale here:

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

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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