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Nigeria Among the Largest Adult Population Trading Cryptocurrency

By
Paul Ugbede Godwin
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0

Recently conducted poll by the business data firm Morning Consult in conjunction with Bloomberg and World Bank shows, more than half of Nigeria and Turkey’s adult populations trade cryptocurrency monthly.

Furthermore, India had the largest population involved in crypto, with approximately 300 million people, although this figure represents 29% of India’s entire adult population. China ranked second with 93 million active crypto traders, but the figure is only 8% of China’s population.

Africa’s most-populous nation showed more interest in cryptocurrencies than any other country since the digital assets began to decline in April, according to a study by price tracker CoinGecko.

Nigeria scored 371 in the study that looked at Google Trends data for six searches such as “buy crypto” or “invest in crypto” that were then combined to give each English-speaking nation a total search ranking. The West African country was followed by the United Arab Emirates and Singapore.

On the other hand, Nigeria and Turkey have 56% and 54% of their adult population actively trading crypto each month. The survey concluded that one in every seven adults, equivalent to 900 million people globally, regularly deals with the blockchain ecosystem.

Nigeria and India are among the few countries that have embraced Central Bank Digital Currency (CBDC). Recently, the Nigerian Central Bank (CBN) proposed to ban ATM cash withdrawals over $225 a week to enforce the use of CBDC.

The Nigerian apex bank issued the instruction to financial institutions in a circular on December 6, indicating that individuals and companies would henceforth be limited to withdrawing $45 (20,000 NGN) per day and $225 (100,000 NGN) each week from ATMs, but the Central Bank of Nigeria has retraced the decision which has generated heated arguments.

On the other hand, the Reserve Bank of India (RBI) released a 50-page concept note in October establishing a retail CBDC for individuals and businesses and a wholesale CBDC to simplify interbank transactions.

Shortly after, the RBI invited eight commercial banks to participate early this month in the CBDC launch trial stage. The financial institutions include the State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank in four cities across the country.

The Nigerian stock exchange said in June it planned to start a blockchain-enabled platform next year to deepen trade and lure young investors to the market. That came after its central bank in early 2021 ordered commercial lenders to stop transactions or operations in cryptocurrencies, citing a threat to the financial system.

The Stablecoin TRUST Act of 2022 of the United States

By
Paul Ugbede Godwin
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0

A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has displayed significant skepticism about stablecoins, won’t be in a position to stop this activity.

U.S. Senator Pat Toomey (R-PA), ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, introduced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022” on Wednesday. The bill is also known as the “Stablecoin TRUST Act of 2022.”

The Stablecoin TRUST Act — the acronym stands for Transparency of Reserves and Uniform Safe Transactions —would require all stablecoins, a type of digital currency designed to be pegged to a fiat money, to be fully backed by liquid assets and would authorize several types of regulated entities to issue stablecoins

According to the lawmaker, the legislation would “establish the first federal regulatory framework for payment stablecoins and guide Congress towards a path for sensible regulation of cryptocurrencies.” Senator Toomey opined:

I hope this framework lays the groundwork for my colleagues to pass legislation next year safeguarding customer funds without inhibiting innovation … This bill will also ensure the Federal Reserve, which has displayed significant skepticism about stablecoins, won’t be in a position to stop this activity.

“Stablecoins are an exciting technological development that could transform money and payments. By digitizing the U.S. dollar and making it available on a global, instant, and nearly cost-free basis, stablecoins could be widely used across the physical economy in a variety of ways,” Toomey noted.

The lawmaker from Pennsylvania will be retiring from the Senate at the end of his term in January next year.

The bill “encourages competition by authorizing several types of regulated entities to issue payment stablecoins,” the Senate Committee on Banking, Housing, and Urban Affairs described, adding that it “enhances financial stability by requiring that all payment stablecoins are fully backed by high-quality liquid assets.” Furthermore, the bill “establishes transparency by subjecting all payment stablecoin issuers to standardized disclosure requirements and attestations by registered accounting firms,” the Senate committee further detailed.

National Highway Traffic Safety Administration Launches Investigation Into Recent Crashes Involving Tesla Motors

By
Ojukwu Emmanuel
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0

The national highway traffic safety administration (NHTSA) which investigates safety defects in vehicles, has launched an investigation into recent crashes involving Tesla motors.

The new crashes under investigation include a crash that occurred on November 24 on the bay bridge in San Francisco that entangled eight cars, which the driver of a 2021 Tesla Model S disclosed in a police report that the driving feature malfunctioned.

The other crash on the list involved a 2022 Tesla Model 3 which occurred in Ohio where a minor injury was reported.

According to reports, the NHTSA is looking into at least 41 crashes involving Tesla vehicles where automated features such as automatic emergency braking, or more extensive driver assistance system features included in Autopilot, FSD, and FSD Beta were involved.

The records show that 14 of these investigations concern crashes that resulted in fatalities.

Tesla is also facing consumer lawsuits, and federal and state scrutiny over its safety claims and marketing practices. The California DMV has accused the automotive company of engaging in false advertising around its driver assistance systems.

Recall that the company’s CEO Elon Musk has touted Tesla’s “Full Self-Driving” (FSD) software as a potential cash cow for the world’s biggest electric carmaker.

However, the company’s advanced driver assistance systems and Musk’s claims about them, are currently facing legal, regulatory, and public scrutiny.

Following the news of investigations by the NHTSA on the recent Tesla car crashes, the company’s Shares sank on Thursday as Investors are concerned that it might negatively impact the demand for the company’s electric cars across the globe.

Some other investors have expressed worry that Musk has become disengaged as Tesla’s CEO, noting that he has shifted focus to Twitter, further causing Tesla’s stock to sink. 

The electric vehicle giant has seen its stock plummet by 61% this year, making it the 11th-worst-performing stock in the S&P 500 in 2022.

However, following investors’ claims that his attention has become diverted, Musk disclosed in a Twitter space that he is still focused on Tesla, stating that there was not a single important meeting that he missed at Tesla since taking over at Twitter.

He further stated that he only sold Tesla shares because he was somewhat paranoid having gone through two very intense recessions.

Musk therefore went ahead to inform Tesla investors that he wouldn’t sell additional shares of his EV company shortly, noting that he only sold recently to prepare for a potential recession. 

In his words, “I’m not selling any stock for, I don’t know, at minimum 18 to 24 months. So you can count on no stock sales until 2025 or something.

“I needed to sell some stock to make sure there was powder dry to account for a worst-case scenario.”

Also, with the recent unfriendly economic condition ravaging economies, Tesla has been forced to offer discounts on its cars in Canada, the U.S., Canada, China, and Mexico. 

How to Win at Pokies – Top Tips & Secrets

By
TI Partners
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0

How to Win at Pokies Online

If you’ve ever tried to play real money games at a land-based casino in Australia or tried a spin on online casino sites, there’s a high chance you’ve heard or seen the phrases “pokie game” or “online pokies.” The word “pokies” is another term for slot games commonly used in Australia and New Zealand. The game involves slot machines that are easy to play and so many games that let you get big wins.

Top Tips for How to Win at Pokies Online

Unlike mortar casinos or land-based casinos, Australian players have access to more features and can try find the best online casino bonuses when they play online pokies. A player’s win on the pokies will depend on their strategies and game plan. In the section below, we’ve compiled the best ways from experienced casino players to play pokies, increasing your chances of winning. Using these, you’re guaranteed to have a memorable playing experience.

Practice on Free Pokies and Use Free Spins

When you’re set to win on the pokies, your best chance to win real money is by starting with free and demo versions, i.e., free pokies. The free mode version allows you to try your skills and learn the game without spending real money. Free spins are Australian casinos helping you kickstart your gambling. You can determine if the games suit your game style with free bonus spins.

To explore these pokie games you can firstly claim free spins no deposit welcome bonus. Most gamblers ignore these free spins bonuses. However, there are better approaches to these welcome bonuses than ignoring them. Practice on a free pokies machine before betting your hard-earned money for a better outcome.

Choose Pokie Machines With High RTP Rates

The player percentage plays a huge role in how much you can win at poker machines and the level of risk involved. Pokies pay much higher compared to other casino games. If you’re going to win on pokies, it’s best to pick a pokie machine with a high RTP rate. This increases your chances of winning and gives you an idea of the maximum amount the operator can payout.

When looking for slot machines with high RTP rates to win, it’s best to go with ones offered by reputable casinos. You should also check the volatility of the slot machine. High volatility pokies have larger payouts but lower win frequency. Online slots with low volatility pay regularly but in smaller amounts. With your knowledge of the RTP, you can manage your bankroll properly. This lets you make the max wager to try and beat pokie machines without going broke.

Use Only Trusted Licensed Developer’s Pokies

To know how to win on the pokies Australia, It’s important to only wager at online casinos that have been properly licensed. Look out for a license logo and verify the logo by clicking it. You’d be redirected to the commission’s official page. If it doesn’t, that’s a clear sign that the logo is fake and the casino isn’t licensed. It’s crucial that you don’t sign up until you have confirmed the website’s validity. Licensing authorities include the UKGC, Malta eGaming, etc.

Place Stakes Within Your Personal Budget

When it comes to playing pokies and earning more money, you should remember that the house has an advantage. This means no matter how much cash you’re willing to stake, the chances of winning big are slim, even with bonus cash. However, you can create a personal budget or max bet limit and stick with it.

You should also never wager more than you’re willing to lose or get caught chasing a losing streak. The money you decide to spend on gambling should also be extra funds and not from your savings. Set aside a specific amount of gambling cash that can be used whenever you want to play. Once that bankroll finishes, you know it’s time to cut your losses and stop gambling unless you have a bonus round.

Avoid Progressive Jackpots

Progressive jackpot slots are among the most interesting slots with incredible game features you can play at casino sites. But, unfortunately, they’re also rare. In terms of frequency, you can only earn from once in 50 million to once in 600 million spins. Another issue is that the average time between jackpot earnings is regulated by the slot you’re playing. Millions have a payout every two weeks on average.

When playing a pokie machine, you’re bound to have better luck by focusing on smaller jackpots with more frequent winnings than big jackpots. Focusing on a smaller jackpot can maximise your playing time and get a fair money-winning chance according to your stake.

Are There any Good Pokie Strategies?

Like sports betting, the reality is that internet pokies are completely random, and there is no clear method or technique to guarantee your winnings. Your best bet is to make wagers according to your budget regardless of what the maximum bet is. When you play pokies with a budget, you control your spending fully and make each round count. Before placing a bet, it’s important to check the unique wagering requirements of the online casino. This ensures you are fully aware of what you’re getting into before you place a bet.

Strategies for a Small Budget

When starting with a small budget, it goes without saying that you should start with the slot’s demo mode to get a clear understanding of how it operates. You should also be prepared to spend less with every spin you make. This might look like a reduction in your excitement, but it will save you from financial ruin while playing.

You can play various bet sizes if you want to take things up a notch or win big. Another option is to follow the lucky and unlucky streaks. These strategies will enrich your gambling experience when playing online pokie, even with little funds.

Strategies for a Big Budget

You have more options when you’re betting your own money on online pokies. First, you can choose to max out your bonus rounds and stay high throughout the session. This will increase your chances of winning pokie machine on a winning streak, but you should also monitor the slot’s progress.

Staying high will also boost your chances of a huge payout. However, it’s important not to blow all your chances in a few minutes. Since you have more money, make maximum wagers which can let you earn big as you take high risks. The betting site can grant you access to its VIP program if you play long enough.

Twitter Users Can Now See How Many People Viewed Their Tweets

By
Ojukwu Emmanuel
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0

Micro-blogging platform Twitter has rolled out a new feature that enables users to see the number of people that viewed their Tweets.

The company’s CEO Elon Musk wrote on Twitter, “Twitter is rolling out View Count, so you can see how many times a tweet has been seen! This is normal for video.

“Shows how much more alive Twitter is than it may seem, as over 90% of Twitter users read, but don’t tweet, reply, or like, as those are public actions”.

The feature is currently available on iOS and Android, although it is not yet accessible to all users as it is gradually rolling out and is also expected to be launched on the web version soon.

Although, Twitter already has a similar feature that shows users more detailed analytics about their tweets other than just likes, retweets, and quotes tweets.

Once users click on “view Tweet analytics” under their Tweet, they can get to see how people interacted with the tweet in ways such as clicking to view their profile or expanding the details of a quote tweet.

Users can also see the total number of impressions which is titled “Times this tweet was seen on Twitter”.

Following the rollout of this recent “view count” feature, it has been followed with mixed reactions from users as some have expressed satisfaction while majority of users don’t find the feature interesting.

@libbycwatson wrote, “sir you are so brave and smart. you are genius man. please add an option to turn it off because it is extremely stupid. not you though, you’re really smart”.

@ChefGruel wrote, “This will give us a better indication as to who buys followers. The new Nielsen ratings.”

@DannyMekic wrote, “I think you’re making a mistake here. A tweet is not a video. A video we watch many minutes. In a minute, we see many tweets. Seeing the view count of every tweet is highly irrelevant, distracting, and in general annoying.”

@D3NNI_yt wrote, “I have genuinely not seen a single person like this update. please consider reverting back, or if it’s THAT important for “views” to be public (I’m assuming for advertisers or wtv) just add a public analytics button under every tweet that anyone can check. it’s WAY too cluttered”.

@tomcoates wrote, “This is 100% going to backfire. When people realize just how few people read the average tweet they’ll wonder why they bother. Expect this decision (like most of the others) to be reversed pretty quickly.”

@Zaackhunt wrote, “I think I speak for all Twitter users when I say thank you for creating another unhealthy metric for me to measure my self-worth.”

@TomABacon wrote, “This is going to sound absurd, I’m sure, but… what counts as a view? There are lots of tweets I simply scroll past, without looking at; lots where I read for a second and then scroll on without finishing. The ones that count are the ones I engage with.”

@gchahal wrote, “Will this be publicly viewable for everyone to see on every post? If so you might have killed most of the RT/Like bot farms right there.”

It is however interesting to note that ever since Musk completed the acquisition deal and took over as the CEO of Twitter, he has been carrying out a series of revamps on the platform.

From downsizing the workforce, paid verification, enabling free speech, exposing internal documents, view count features, Banning links to other social apps, Account reinstatements, and so on.

It seems a lot of users are not in any way enjoying Musk’s regime as the CEO of the company as most of his policies and features have been followed with a backlash.

Also, on Monday 19, 2022, the majority of users voted for him to step down as the head of Twitter after he created a poll for them to vote if he should step down as the company’s CEO.

He wrote, “should I step down as head of Twitter? I will abide by the results of this poll.”

On the final results of the poll, 57.5% voted yes, while 42.5% voted no.

After the results he wrote, “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.”

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