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Top NFT Platforms For Christmas — Theta Network, Decentraland, and Big Eyes Coin

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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)

Crypto predictions are already taking place as 2023 draws closer because users want to know what the finest crypto investments might be during Christmas and in the coming year.

There are great hopes that 2023 would make up for the losses that many crypto users had this year, as 2022 was a difficult year for them. Three cryptocurrencies, Big Eyes Coin (BIG), Theta Network (THETA), and Decentraland (MANA), are anticipated to increase in value in 2023.

Theta Network – Solving Problems With Video Streaming

Theta Network (THETA) was created in 2017 as a solution to issues with video streaming improvements. Theta Network works as a computer network that develops rewarding strategies to provide users with incentives for their actions, aiding in the platform’s market expansion. Theta Network (THETA), a utility token, is in charge of all platform operations. This token aids in offering platform customers a smooth and user-friendly streaming experience for videos.

Theta Network’s impertinent use case of a virtual network world rendering in real-time can demonstrate how cryptocurrency can be a part of the metaverse’s essential infrastructure. Theta Network (THETA) subscribers can access more bandwidth for better-quality films, which will give them better entertainment options.

The sale of 300 million Theta Network (THETA) tokens during a token sale for the company raised roughly $20 million and helped spread information about the success of the platforms and tokens on the market. Users who hold Theta Network (THETA) tokens are authorized to vote on issues about the platform’s operations, but centralized decision-making makes many decisions more difficult.

Decentraland – The First Virtual World Owned By Users

Decentraland (MANA) is a digital environment that gives its people the ability to acquire land. These plots of land are listed as NFTs on the blockchain, and they can subsequently be exchanged for fiat or digital currency. MANA, the native token of Decentraland, was among the most popular metaverse and Play-to-Earn tokens in 2021. Because of how useful it was in Decentraland, there was an extraordinary demand for it.

In the 2D Ethereum-based virtual environment of Decentraland, MANA facilitates trade. The Decentraland (MANA) tokens allow users to purchase goods and services such as merchandise, avatars, resources, and land plots.

They can also partake in experiences. In 2018, Decentraland (MANA) went on sale for $0.025. Decentraland had a surge in April 2020 that reached around a 5000% increase after remaining flat for two years. Decentraland’s price went through the ceiling due to the popularity of Web3, NFT, and metaverses before reaching another all-time high price of $5.1 in 2021.

Big Eyes Coin – Transforming The Meme Token Sector

Big Eyes Coin is a brand-new cryptocurrency project that has just entered the market. Big Eyes Coin is currently at stage seven of the presale and has amassed over $11 million throughout this time. This is a remarkable amount of money to support the cryptocurrency project, which is a sure sign of the great success Big Eyes Coin may see after its official launch.

Through a variety of incentives and chances for income generation, the community-focused initiative will guarantee that community members remain engaged and committed to the project. It has the community’s and developers’ backing and support, which will help it grow over the next few years. Big Eyes Coin (BIG) is a safe and thoroughly audited project with no gaps or potential for abandonment. Adopters can be confident that it won’t be another overly publicized initiative that is shelved.

The cryptocurrency asset has what it takes to become the next big meme coin, as demonstrated. Because they think it has a better chance of becoming successful on the market than other meme coins, many people prefer its presale over traditional meme coins. Although a specific date for the official launch of Big Eyes Coin is not yet known, users can anticipate it to happen soon. Users can anticipate that Big Eyes Coin will overtake other coins in the market in 2023.

Big Eyes Coin is offering 5% bonus tokens with each order that uses the ‘BIGG5535’ code at the checkout!

 

For more information on Big Eyes Coin (BIG), please visit the following links:

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Analysts Reveal Why Snowfall Protocol has a better future than Polygon and Bitcoin Cash

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The revelation that the upcoming Snowfall Protocol (SNW) will create a new layer of transactions and charge lower transaction fees than existing networks like Polygon and Bitcoin Cash has kicked off a frenzy in the cryptocurrency market. Analysts already weigh this new project’s possibilities and why they believe it may have a brighter future than its competitors.

Snowfall Protocol (SNW) vs. Bitcoin Cash (BCH) vs. Polygon (MATIC)

Bitcoin Cash (BCH) is based on the Bitcoin blockchain. BCH enables users to send and receive payments fast and securely, as well as save money on transaction costs compared to conventional payment methods. BCH also allows users to securely and reliably store their funds. BCH is a viable choice for sending and receiving payments swiftly and securely. However, it lacks the functionality and utility provided by Snowfall Protocol (SNW).

Polygon (MATIC) is a decentralised network that enables users to develop, install, and manage their decentralised apps (dApps). Polygon allows users to build their digital currencies, and its MATIC token is used to pay for network transactions. MATIC also enables users to receive rewards for staking and supplying network liquidity.

Why Analysts Think Snowfall Has a Better Future

Snowfall Protocol (SNW) is built on the Ethereum blockchain and is a layer-2 scaling solution. It is designed to reduce transaction fees and accelerate Ethereum network transactions. Snowfall Protocol (SNW) is a multi-bridging protocol introduced to address several issues the crypto community faces. Snowfall speeds up the transfer of digital assets while maintaining security. Additionally, it facilitates blockchain-to-chain transfers.

Snowfall Protocol (SNW) aims to simplify the connecting blockchains so everyone can participate in the Defi and cryptocurrency ecosystem. The project is centered on the idea of a cross-chain and interoperable future.

Compared to Polygon and Bitcoin Cash, the key benefit of the Snowfall Protocol (SNW) is its cheaper commission fees. Bitcoin Cash and Polygon have much higher transaction costs. This implies that users can save money on each transaction, making the protocol more cost-effective.

Scalability is another benefit of Snowfall Protoco (SNW)l. The protocol is designed to scale rapidly and effectively and process more transactions than its competitors. This is especially advantageous for companies and large corporations that require processing numerous transactions.

Security is another place where Snowfall Protocol (SNW) stands out. With that, users can be confident that their transactions are shielded from bad actors and are, therefore, secure.

Bottom Line

Analysts have already commented on why the Snowfall Protocol has a brighter future than Polygon and Bitcoin Cash. They have cited the protocol’s cheaper fees, scalability, and enhanced security as reasons it will likely be more successful than its rivals.

Snowfall Protocol (SNW) is still in its early phases of development. However, the fact that analysts are actively discussing it indicates that the protocol has a promising future. With all its advantages, the Snowfall Protocol (SNW) has the potential to be the next big thing in the cryptocurrency world.

Find out more about the Snowfall protocol:

Presale: https://presale.snowfallprotocol.io

Telegram:https://t.me/snowfallcoin

Website:https://snowfallprotocol.io

Twitter:https://twitter.com/snowfallcoin

The Federal Capital Development Authority Abuja demolitions are illegal

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Whenever the name Federal Capital Development Authority (FCDA) or Federal Capital Territory Administration (FCTA) comes up or in the news, it’s always because of one reason which is demolition of buildings/properties. Whenever you see those names trending just know that they have demolished a property in the Federal Capital Territory or are threatening to demolish a property around the Abuja municipal area council. 

The FCDA recently demolished some properties valued at billions of Naira some days back in the federal capital territory and acts like this are of common occurrence. It is more like they are always happy to demolish or pull down buildings.

Truth be told that the FCDA or the FCTA does not just demolish a building out of personal vendetta or out of sheer greed as many have accused them; for a building or buildings to be pulled down by this agency of government, that building most have been wrong situated; just like in the Joseph Kpokpogiri’s saga that trended sometime this year, the building was situated in an area that have been marked for building of express high while some other buildings that have been demolished by the FCTA/FCDA must have been situated in areas that have been reserved by government to be used for one activities or the other that are of national interest.

Also, before a building will be demolished, the authorities must have issued a series of notices and warnings for the owners of the building or its dwellers to vacate such a building.

But the FCDA and the FCTA have become power- drunk that they act as the jury and the executioner most times; most of the property they demolished are done without valid court order which ought not to be so.

FCDA does not have powers to demolish any building without the order of the court, and that the law only empowers the authority to give notice to the owners or dwellers of the building after which the authority is expected to approach the Court for valid demolition order before taking further steps to demolish any building.

This is to say that the due process of the law and how it ought to be done in a civilized society like Nigeria is for FCTA or FCDA to give notice to the owners of the buildings that are not properly situated while they approach the court of  competent jurisdiction to grant them power to demolish a building.

Therefore, every building or property that FCTA/ FCDA have ever demolished without first obtaining proper court order to that effect is illegal and the owners of those property are entitled to enforce their rights against the government agency despite the fact that their buildings was wrongly situated but any agency of government that want to enforce the law must enforce the law by following due process.

Crypto Bank, Silvergate, Sued for Abetting FTX Fraudulent Activities

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A Lawsuit has been filed against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane. Silvergate Bank is the leading bank for innovative businesses in fintech and cryptocurrency, based in San Diego.

The suit holds Silvergate accountable for its role in placing FTX user deposits into the bank accounts of Alameda Research and FTX which filed for Chapter 12 bankruptcy in November.

Silvergate, is a publicly traded and federally regulated bank, maintained accounts of both FTX and its affiliated company Alameda Research, with the plaintiff asserting that it was engaged in “first-hand participation in the commingling of funds, improper transfers, and lending out of customer money.”

Per court filings, plaintiff Joewy Gonzalez and “all others similarly situated” entrusted their investments to the now-bankrupt crypto exchange FTX, which promised investors that they would be able to “store assets securely as they gained in value, cash them out or trade them for other assets or financial products.”

In a July 2019 podcast interview, Silvergate’s CEO, Alan Lane, talked about the risks in banking the digital currency industry and said in part,

The biggest risk is that [Anti-Money Laundering] risk. So, the broad regulation, it’s the Bank Secrecy Act. AML, KYC, it’s all different ways of kind of saying the same thing, which is making sure that you know who your customers are and making sure that you’re not in any way providing funding, financing etc for illicit activity… The penalties are fines and they can be really severe. You can essentially put the entire bank at jeopardy.

However, with the collapse of FTX last month, the plaintiff and other FTX investors are unable to recover their investments, facing “years of uncertainty and catastrophic losses.”

The lawsuit also alleges that the defendants made misleading statements, failing to disclose that the company’s platform lacked sufficient controls and procedures to detect instances of money laundering.

“FTX/Alameda was one of Silvergate’s most important customers, and their business operations and interests were tightly entwined. Silvergate profited from deposits by digital-asset customers, which grew exponentially as FTX’s own business Expanded,” reads the filing.

Two weeks ago, The Bear Cave highlighted an August 2022 forfeiture application for probable cause filed in Broward County that alleges Silvergate was connected to a money laundering operation. The filing, first highlighted by Marcus Aurelius Research, reads in part,

Records produced by Silvergate Bank found: (i) During the period of September 2021 to June 2022 ten companies had transferred a total of over $425 million dollars off these cryptocurrency trading platforms into accounts held at different US banks. (ii) The accounts were receiving funds in the same pattern as those… used to facilitate the laundering of illicit funds.

Consequently, Signature Bank and Silvergate Capital, two financial companies with exposure to the digital currency universe, have seen their share prices fall sharply since cryptocurrency broker FTX blew up nearly one month ago.

It also added that “Silvergate’s actions and inaction were integral to Sam Bankman-Fried’s enterprise,” with all financial dealings occurring “in plain sight” of the La Jolla-based firm.

News of a class action lawsuit against Silvergate comes in the wake of Morgan Stanley’s move last week to downgrade the firm’s stock from “equal weight” to “underweight,” which sent the price of its shares tumbling.

To add more pressure on the firm, a group of senators, including the long-time crypto critic Elizabeth Warren, sent a letter to Silvergate CEO Alan Lane, requesting to disclose information about the bank’s relationship with FTX and the Bankman-Fried entities.

“Your bank’s involvement in the transfer of FTX customer funds to Alameda reveals what appears to be an egregious failure of your bank’s responsibility to monitor for and report suspicious financial activity carried out by its clients,” the letter said.

POS Operators Petition Buhari, National Assembly, Over New CBN’s Cash Withdrawal Policy

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Public outcry has continued to trail the newly introduced policy by the Central Bank of Nigeria (CBN), that limits over the counter and ATMs withdrawal to N100,000 per week for individuals and N500,000 for corporate organizations.

The policy also affected Point of Sale (POS) operators. POS withdrawal was limited to N20,000 per day for individuals and N100,000 for corporate bodies, greatly downsizing the operators’ turnover.

Consequently, a group under the aegis of Point of Sale (POS Operators) has in protest over the policy, petitioned President Muhammadu Buhari and the National Assembly.

Speaking to journalists in Abuja on Friday, the National President of Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Victor Olojo, said that if the central bank proceeds to implement the policy, more than 1.4 million bank agents will lose their jobs.

In the petition dated 16 Dec. 2022, the group asked that the policy be reviewed upward, allowing the maximum withdrawal limit of N500, 000 weekly for individuals and N3 million for corporate organizations.

“AMMBAN believes the cashless policy in its current state hasn’t provided for Mobile Money and Bank Agents in Nigeria adequately.

“Even as the CBN Governor made reference to the fact that Mobile Money and Bank Agents are spread across the country is one of the reasons why he strongly feels the country is ready for the cashless policy, the document puts the jobs of over 1.4million agents on the line in its present state.

“This and many other germane reasons informed the decisions of the Association to engage the CBN, the National Assembly and other relevant stakeholders.

“This is to ensure that while we show support for the cashless policy of the government through the CBN, the policy should recognize the categorization of Agents’ accounts as it does individuals and corporate entities,” he said.

But AMMBAN’s concern has been noted by the National Assembly. The House of Representatives had last week, summoned the CBN governor, Godwin Emefiele, to answer relevant questions respecting the cash withdrawal policy. The House had asked the governor to suspend the policy in order to protect Small and Medium Enterprises (SMEs), especially in rural areas.

“I do not know how my people will go and change this money, I do not know where my people will go and get it; the best we have is the POS, our people still deal in physical cash.

“The issue affects everyone, most of our people are in rural areas and everything is being done in Naira and cash and somebody will wake up and make a policy that will start tomorrow, no consultation.

“People have forgotten that 80 to 90 percent of our people are in the rural areas, we must do something to save the situation, if there were enough banks and facilities, why not, it will work,” Rep. Rep. Aliyu Magaji lamented.

On Wednesday, the Senate similarly asked the central bank to considerably adjust the cash withdrawal limits. Although Emefiele had acknowledged the possibility of the withdrawal limits being adjusted upward, the CBN governor did not honor the summon of the National Assembly to give further details about it.