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Elon Musk’s Starlink Satellite Internet and the Decades in Nigeria

By
Ndubuisi Ekekwe
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1

Every decade, something unique happens in Nigeria. In the 1990s, it was the time for a New Banking Ordinance as new generation banks were formed at scale, from GTBank to Zenith Bank.

In the 2000s, we had the decade of voice telephony when MTN, Econet (Airtel), etc began operations.

In the 2010s, there was a massive ascension as Nigeria witnessed the mobile internet era when connectivity left the bounds of laptops and desktops, into our pockets via mobile device, agnostic of location, making every IP a point of sale.

In the 2020s, the application utility era is here – and we’re in a cambrian moment where young people are building codes baked on cloud computing infrastructure to fix frictions in markets, from financial services to logistics, and beyond. But that redesign has largely focused on big cities like Lagos, Kano and Onitsha. Until now. Yes,  it is going to change because Elon Musk, his generation’s finest innovator, is in town.  He is coming to Ovim, Pankshin, Opopo, etc  and other non-big cities in Nigeria. Yes, SpaceX Starlink is here and it will help markers, builders and innovators to not just serve the cities but the rural economy.

Join me and eminent faculty members of Tekedia Institute as we examine the implications in the next edition of Tekedia Mini-MBA which begins Feb 6, 2023.

As a dynamic business school which educates with the antennas of the market, Tekedia Mini-MBA will teach a new course on satellite broadband with a case study of SpaceX Starlink now that we have the product and the pricing model ($600 hardware, $43 monthly service).

Your business will change. Your career will change. Because satellites will unlock new vistas; join the next Tekedia Mini-MBA starting Feb 6 

Being a Mathematics Genius doesn’t Make You a Good Asset Manager

By
Paul Ugbede Godwin
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0
Ex-leaders of FTX

FTX was until a few weeks ago the second largest cryptocurrency exchange company in the world. However, the empire collapsed, announcing that it was bankrupt and owed $1.45 billion to its 10 creditors.

The blame was admitted by Caroline Ellison, famous for being considered a math genius. “I’m really sorry for what I did, I knew it was wrong,” he said according to a transcript of his hearing before a judge in Manhattan.

Ellison, 28, former CEO of Alameda Research – a cryptocurrency trading company started in 2017 by her ex-partner Sam Bankman-Fried, founder and former president of FTX – acknowledged having been to blame for the bankruptcy.

The executive accepted two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodity fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.

These seven offenses could result in her being sentenced to 110 years in prison and millions of dollars in potential penalties, according to Reuters. Last November, FTX decided to file for the protection of Chapter 11 of the United States Bankruptcy Law.

According to the Colombian outlet Semana, during the time she was the head of Alameda, Caroline helped her boyfriend Sam move more than 10 billion dollars of client money to all kinds of tax havens. Caroline Ellison became so prestigious that she was even considered in the list “30 under 30” (30 under 30) of Forbes magazine.

But the scale of the scandal has been such that the New York Post has compared it to the Enron cases or Bernie Madoff’s Ponzi scheme. According to the New York outlet, Bankman-Fried was the one who promoted Ellison to direct Alameda after removing her from the Jane Street firm in 2018.

The two became a couple. The two, along with eight other young tech executives, ran the companies while living together in Bankman-Fried’s $40 million penthouse in the Bahamas. Although FTX says it owes around $1.45 billion to its top 10 creditors, the platform owes its 50 largest creditors almost $3.1 billion, according to a court filing cited by a BBC Mundo note.

Cryptocurrency manipulation; The United States Stock Exchange (SEC) charged Ellison, Gary Wang, and Zixiao Wang with manipulating the company’s internal cryptocurrency, misleading investors, and misusing FTX client assets.

The FTX firm was a hoax from the start. Bankman-Fried “orchestrated a massive, years-long fraud, diverting billions of dollars of client funds from the trading platform for his own personal gain and to help grow his cryptocurrency empire,” the SEC noted. , who filed civil charges.

As part of their deception, we allege that Caroline Ellison and Sam Bankman-Fried planned to manipulate the price of FTT, a cryptosecurity token exchange that was an integral part of FX, to prop up their house of cards, the SEC said in a statement.

After their cooperation with the US Attorney’s Office for the Southern District of New York, Ellison and Wang had to post a $250 million bail to be released. Bankman-Fried, 30, pleaded “not guilty” on Tuesday, November 3, 2022, before the New York court investigating the case.

Sam Bankman-Fried is charged with eight counts for the $8 billion he left behind in the bankrupt firm, with hundreds of thousands of clients harmed. These crimes are investor and lender fraud, money laundering conspiracy, fraud in the stock markets and even illicit campaign financing, offenses punishable by a maximum of 15 years in prison.

Although he is on probation, he was detained in the Bahamas, at the request of the United States, after being confined in a jail, and accepted his extradition. October 2 will be the tentative trial date. Bond to remain confined at his family’s home in Palo Alto was provided by his parents, Stanford University professors, and two other guarantors who requested anonymity.

Insurtech Firm Superscript Raises $54 Million in Series B Round

By
Ojukwu Emmanuel
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0

U.K’s insurgency firm superscript has raised a $54 million fund in a series B Round, as it is focused on expansion plans.

The funding round was led by existing Investor BHL holdings, alongside the participation from other existing Investors, Concentric as well as the Hartford previous backers, Beazley group and seedcamp.

The company disclosed that the new round of capital is aimed at increasing its underwriting and broking capabilities, while continuing to further develop its AI-driven offerings.

Speaking on the latest fund raised, Superscript cofounder and CEO Cameron Shearer said,

“In the context of a challenging macroeconomic environment and shift in global investor appetites, this funding round represents a huge vote of confidence in what we’re building at Superscript.

“The flexibility, customisation and affordability we offer puts us in a unique position to meet the insurance requirements of small businesses during turbulent times, as they navigate economic challenges this year.

“Our investors’ international presence will help support us with growth in the future, as we continue our mission to be the global leader in SME insurance.”

“Historically, many investors have mirrored the tech-investment models and focused on acquisition. More recently, now with the hindsight of more mature insurtechs and a number of IPO experiences, we’ve seen investors shifting focus towards underwriting differentiation and strength”, he added

Superscript has disclosed that what sets it apart from other insurtech companies is that it uses proprietary machine learning technology, including throughout the acquisition and onboarding process in its self-service product, which guides would-be customers toward the correct channels.

Also, big data insights are a big part of its promise, where it uses machine learning models to price its risks more accurately through crunching a range of data points.

It is interesting to know that Superscript is the first UK Insurtech firm to become a Lloyd’s of London broker, and is transforming business insurance to meet the fast-changing needs of SMEs.

Its insurance products are underwritten by Standard & Poor’s A-rated financial steroid higher. This means the underwriter has been independently assessed by the world’s leading credit rating provided and found to have a strong capacity to meet financial commitments.

In 2022, the London-based insurance firm announced its expansion to the Netherlands, in its latest development toward its goal of becoming a global leader in SME insurance.

USD Coin, Tether And Big Eyes Coin: Three Economical Crypto Investments You Should Consider

By
TI Partners
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0

USD Coin (USDC), Tether (USDT), and Big Eyes Coin (BIG) are three cost-effective crypto investments for 2023.

It’s no secret the crypto industry is going through a rough patch. Despite once being priced around $65,000, Bitcoin (BTC) is stuck at $16,000. Likewise, in spite of reaching a value of close to $5,000 in the past, Ethereum can’t seem to get off $1,200.

Indeed, things are looking so lackluster in the crypto economy that the concept of digital currency is questionable.

However, it’s not all doom and gloom. Even though the most reputable coins in the market have seen much better days, this doesn’t mean investors can’t have success with other cryptocurrencies.

Stablecoins are one of these alternatives and are defined by not fluctuating significantly in value. As their name suggests, they are ‘stable’ and their values are pegged to the US dollar.

And the other option is of course meme coins. Meme coins have never really reached the summit of the crypto universe. Nevertheless, they tend to have more interesting features and perks than the average coin.

Therefore, in such a dark time for the crypto space, staking your hold in the likes of USD Coin, Tether, and Big Eyes Coin could be a shining light in a very dark tunnel.

USD Coin: A Stablecoin Accepted By Renowned Companies

With a market cap of more than 44 billion, USD Coin is statistically the second most popular stablecoin in the world.

As a stablecoin, it’s not going to make you super wealthy. But it can be used to start your crypto portfolio without breaking the bank.

Besides, companies such as Pacsun, Jomashop, and Microsoft all accept USD coin which is a testament to the cryptocurrency’s reliability.

Tether: A Stablecoin Exchangeable With Various Currencies

In contrast to USD Coin, Tether has a market cap of over 66 billion making it the king (or queen) of stablecoins and one of the most popular cryptocurrencies in the world.

The beauty of Tether is that it is interchangeable with a wide range of fiat-based currencies like Great British Pounds, US Dollars, Euros, and more.

Not to mention, Tether’s transactions are extremely fast so if you’re purchasing crypto for the first time you don’t have to worry about your money vanishing into thin air.

Big Eyes Coins: Oceans, NFTs, And A Fun-Filled Community

At the time of writing, Big Eyes Coin has raised over 13 million dollars, appeared on a 3D Billboard in New York, and secured a Tier 1 CEX Launch for its official release.

And there are very good reasons for the meme coins’ quick success.

Firstly, its proposal of top ten NFTs make it an investment with profit-making potential. You only need to look at the Big Eyes Website to get a taste of the unbearable cuteness to come.

Secondly, Big Eyes Coin plans to donate 5% of its total supply to ocean-saving charities, meaning each investment will help reduce global warming.

Thirdly, Big Eyes Coin intends to host a large array of in-person community events so like-minded investors can mingle.

Furthermore, you can use the code BIGsave816 for a bonus on your purchase.

Final Thoughts

USD Coin, Tether, and Big Eyes Coin are three affordable investments every crypto geek should consider in 2023.

Stablecoins like USD Coin and Tether are guaranteed to not fluctuate. Meanwhile, Big Eyes Coin may become lucrative in the future so it’s worth investing in it now while it’s still in presale and considerably cheaper.

Big Eyes Coin (BIG)

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Orbeon Protocol (ORBN) Soars as Investors Flock to Polkadot (DOT) and Tron (TRX)

By
TI Partners
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0
TEHRAN, IRAN - JULY 19: (RUSSIA OUT) Russian President Vladimir Putin leaves his presidential plane during the welcoming ceremony at the airport, on July 19, 2022 in Tehran Iran. Russian President Putin and his Turkish counterpart Erdogan arrived in Iran for the summit. (Photo by Contributor/Getty Images)

In recent months, the cryptocurrency market has seen a number of shifts in investor sentiment, with some investors choosing to divest from certain projects in favor of others. One such trend has been a move away from Polkadot (DOT) and Tron (TRX), as investors seek out projects that offer stronger performance and more promising potential for growth. In contrast, Orbeon Protocol (ORBN) has seen a surge in demand as investors flock to this decentralized network in search of a reliable and innovative platform for their financial transactions.

>>BUY ORBEON TOKENS HERE<<

Tron (TRX)

Tron (TRX) is a cryptocurrency and blockchain platform that was launched in 2017, and has since gained a significant following among investors.

However, in recent months, Tron (TRX) has faced criticism for its unimpressive performance, with many investors expressing disappointment at the slow pace of development and the lack of progress being made on the project.

A key issue with Tron (TRX) is its inability to deliver on promises of scalability and fast transaction speeds. Despite early claims that it would be able to handle thousands of transactions per second, Tron (TRX) has struggled to deliver on this front, with many users reporting slow transaction times and high fees.

This has led to frustration among investors, who have been left wondering whether Tron (TRX) is capable of meeting the demands of a growing user base. As of today, the price of Tron (TRX) is $0.053558, representing a 2% decrease in value over the past 24 hours. Despite these bearish price movements, Tron (TRX) retains a loyal investor base who are confident the project will see some positive developments and price action in 2023.

Polkadot (DOT)

According to today’s analysis, the bearish trend of Polkadot (DOT) is continuing as the price declines further. After a brief recovery in November, the cryptocurrency has seen a significant drop in value.

It is currently close to its 2022 low of $4.45, representing a drop of over 18% in just four weeks. The addition of a new all-time low in a year adds to the bearish outlook for Polkadot (DOT). Moreover, the low trading volume for the cryptocurrency, which has fallen by 36.2% ($32 million) in the past 24 hours, increases the likelihood of further losses.

Overall, the outlook remains negative, and it is possible that Polkadot (DOT) could see a drop to around $3.50 in the coming months. One of the major concerns with Polkadot (DOT) has been its concentration on interoperability, which has resulted in a lack of focus on other critical areas.

While the idea of integrating several blockchain networks is appealing, investors are skeptical that Polkadot (DOT) can deliver on its claim of being a “next-generation” platform. Furthermore, Polkadot (DOT) has been condemned for its high fees and poor transaction speeds, which have irritated users and reduced demand for the token.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) has gained popularity due to its project viability and early sales, outperforming several market leaders. One of the key reasons for Orbeon Protocol’s (ORBN) success is that it allows anyone to invest in early-stage businesses using its platform.

With Orbeon Protocol (ORBN), companies can distribute equity-based non-fungible tokens (NFTs) and rewards to their communities to accelerate and widen their fundraising efforts, and users can invest in firms with as little as one dollar, through fractionalized NFTs.

Orbeon Protocol’s (ORBN) “NFT-as-a-Service” design enables real-world businesses to benefit from crowdfunding, providing an alternative to traditional venture capital funding. The “fill or kill” feature, which terminates the project and refunds all contributions if the fundraising goal is not met within a set time frame, and the smart contract certified by Solid Proof, have also helped to give investors peace of mind.

Orbeon Protocol (ORBN) has already demonstrated its value, with presale projections putting its value at $0.24 by the end of presale – a massive increase from ORBN’s current price of $0.0362.

Conclusion

In summary, the cryptocurrency market has seen a shift in investor sentiment, with some investors renewing their faith in Polkadot (DOT) and Tron (TRX) ahead of the bull market. Orbeon Protocol (ORBN) has gained popularity due to its strong project viability and early sales, outperforming several market leaders. Orbeon Protocol (ORBN) is a token to watch in 2023.

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

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

Telegram: https://t.me/OrbeonProtocol

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