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The Limits of Tech and Why African Politicians Must Architect Generation-Shaping Policies

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The population of India is 1.4 billion.  The population of Africa is 1.3 billion. The GDP of India is $3.1 trillion.  The GDP of Africa is $3 trillion. Did you notice something? Africa and India are just in the same pot, underperforming, despite the perception that India has higher productivity or efficiency. Indeed, the economic efficiency difference between India and Africa is the type which exists between 12 and a dozen. Sure, Africa has more natural resources. But yet, India enjoys one border which has an efficiency factor against Africa.

Why this post? The politicians are throwing technology, technology and technology in their campaigns in Nigeria. One gubernatorial aspirant  is all over the place with blockchain for agriculture. People, what African agriculture needs is electricity to power silos, storage systems, etc; water systems for irrigation; and accessible road networks. And of course the big one: security!

I am a techie and I am conscious to write that the buzz of tech does not solve fundamental problems without a policy framework or business model. You can have all the tech experts in the world, and yet underperform on national productivity. That vision is what makes technology deliver big time.

Yes, politicians in Nigeria should focus on big picture policy designs because that is where the real national revolution and evolution can happen. Sure, when those are designed properly, the techies can help to execute them.

America’s edge is not just having techies but having the world’s finest policy making instrument.  The US Congress is an engine of innovation with the capacity to invent the best technologies today and tomorrow even though most people there do not code! I have a case study:

The US Congress which documented the anniversary of the Bayh-Dole Act quoted me: “For me, Bayh-Dole Act is the most important business legislature of the last century in the United States. And this is American Congress at its very best moment. It delivered through legislature and transformed the pace of innovation by providing a fluidic system that enhances U.S competitiveness.” 

The Bayh-Dole Act as I wrote and spoke was fundamental to modern US competitiveness. Largely, it made it possible for private citizens to commercialize inventions funded by US taxpayers. Without it, there will be no  Google*. The evolution of web3, modern AI, blockchain, etc are all encapsulated in that Act even though they were not mentioned therein.

Politicians should think about the big picture and leave the operational tech stacks for the techies. Without those big visions, even the tech will not deliver much, despite the effervescence and exuberance of tech buzz. Indeed, even tech will not save India; only great visions will do. Tech can only help in executing the grand visions.

Comment on Feed

Comment 1: “Blockchain for Agriculture”, I heard him say that, my annoyance was triggered. Person never chop, na blocking the chain of yam, cassava, etc. is the order of the day. Africa needs sound leadership — people who understand how things work with simplicity. Let them start implementing policy innovations of developed countries first (like “copy and paste”). Let’s even start from there. Great post, Prof. Ndubuisi.

Comment 2: You cannot proffer solutions to problems till you have got quality data. The majority of African poor particularly Nigerian are in the villages. Technology and innovations among the rural dwellers is a little above zero, hence productivity is extremely low, resulting in high level of poverty. If the government can work on quality input delivery to the farmers by encouraging the establishment of adequate technology such as quality fertilizer, high yielding seeds, labour reducing technologies such as hand driven tillage machines and planters, productivity in the rural sector will thrive, and this will attract agro processors to the rural areas, and the chains will lead to the multiplication of service providers including banking in the rural areas, hence thriving the rural economy, reducing import, improving export and dislodging people from overchoked cities

My Response: “You cannot proffer solutions to problems till you have got quality data.” – it seems you are copying Harvard, MIT, Wharton. That is not applicable to Africa. Everyone in my village and yours know that we need constant electricity, clean water, good roads, security and decent healthcare. What data do you need to offer those? While Harvard etc can write that Boston needs better data, Nigeria does not need that. Why? Boston is moving from 98% to 99% and needs data to drive that. But Nigeria is at 5% and to get to 40%, it has enough data to do that.

Toon Finance TFT Introduces a New Way to Earn Binance BNB with Space Farming

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What is Space Farming and why is Toon Finance’s Presale ICO Exploding

Toon Finance is a DeFi platform dedicated to bringing the world of NFTs and DeFi together and a lot more. As part of the TFT launch, they are introducing a new decentralized exchange call Toon Swap that allows users to earn tokens like Binance BNB, Ethereum ETH, and possibly Bitcoin BTC.

What is DeFi

DeFi, or Decentralized Finance, is a new wave of financial services built on blockchain technology. DeFi platforms offer decentralized and private financial services that just blows the competition out of the water.

It’s an open-source financial ecosystem that allows users to borrow, lend, trade, and even stake assets. It has multiple real-world use-cases and improves on the current financial systems allowing people to bypass banks and other intermediaries that take part of your money every time you make a transaction when there is absolutely no need to.

Banks take too much money when you make a transaction, and DeFi offers an alternative to users to pay their fees with their own currencies instead.

Non-DeFi users have to pay extra whenever they make a transaction because banks take a large sum of the money. With DeFi, however, you can avoid these fees by using your own currency.

DeFi is more than a buzzword

This is why DeFi is being embraced by everyone in the cryptocurrency space while governments try to place heavy regulation on cryptocurrency due to bad actors like FTX’s Sam Bankman-Fried that caused millions of people to lose all of their assets and even allegedly built a backdoor allowing him to steal over $400 million in cash.

Decentralization allows security and privacy while making sure that people like Sam Bankman-Fried don’t get anywhere near your money. Social media influencers and YouTubers have tried to place the blame of the huge losses everyone faced in the cryptocurrency market on trading platforms like FTX.

Sam Bankman-Fried, CEO of FTX is being called a “bad actor” because he is said to have caused millions of people to lose all their assets and allegedly even built a backdoor allowing him stealing over $400 million in cash.

What is Binance BNB

Binance BNB (or Binance Coin) is a cryptocurrency established by the world’s largest cryptocurrency exchange, Binance. It operates as a centralized exchange and allows token pairs to be traded.

Due to the recent collapse of FTX, Binance and other centralized exchanges are under fire for being vulnerable to manipulation. To combat this, Binance has implemented a decentralized exchange called Binance DEX where users can trade tokens directly on the exchange without providing Binance custody over your cash but unfortunately, it is too late.

Binance DEX is too late to prevent FTX and too early that it can’t compete with established DEXs

Binance DEX sounds good on paper until you realize that Binance’s cash cow is the centralized exchange which means that it is highly likely that Binance DEX is just a PR move without any real substance.

Binance DEX may appear promising at first, but when you take a closer look, it’s clear that Binance’s primary priority will be their centralized exchange and this makes sense business wise. This means that it’s highly likely that the Binance DEX is simply a nod and a wink move without any real value behind it. For obvious reasons, why would Binance cannibalize its own market share?

What is Toon Finance TFT?

Toon Finance is a DeFi-based financial platform that aims to provide users with a safe and secure way to lend, borrow, and earn interest on their favorite digital assets. This is just the beginning though as Toon Finance have multiple plans in the works.

Toon Finance is an extreme DeFi project which means it aims to ensure that people will always have access to financial services all over the globe, people will be able to make sure of financial services without banks bleeding them out with transaction fees upon transaction fees.

Toon Finance Token TFT is the native token of Toon Finance which will allow people to use Toon Finance’s Toon Swap’s services. This includes Space Farming where people can stake their money and Space Battle Grounds where people can play against each other for coins.

The Toon Finance Token TFT will allow smooth transaction within Toon Swap and will be listed on other decentralized exchanges to ensure that it will be usable no matter where as how financial services ought to be.

How to earn Binance BNB with Toon Finance?

Staking is a relatively new concept with Ethereum moving away from proof of work to proof of stake. In staking you lock up your cryptocurrency, Binance BNB in this case, and receive rewards depending on how long you stake.

Some have minimum staking while others don’t have this feature. This is why it is important to choose the right exchange to get the most out of your hard-earned tokens.

Toon Finance’s Toon Swap is more secured than Binance’s central exchange

Toon Finance is very similar to Binance in that they are both exchanges but the problem with Binance is that central exchanges want volatility because they want users, holders, and investors to keep their money inside the exchange despite the fact that they should be 100% liquid because CEXs don’t necessarily have the backing of a government.

Even if a government backs a cryptocurrency central exchange, it does not mean that it will save a bankrupt company which means in the end most Central Exchange provide no security benefit to its users and hold all the power since the moment you use a central exchange is the moment you allow custody over your tokens to strangers.

Toon Finance’s Toon Swap and earning Binance BNB

With Toon Swap, people will be able to trade and exchange with each other. Toon Swap is highly unique even among the big projects because Toon Swap is an exchange that allows people to play against each other and win tokens from one another.

Earning Binance BNB with Toon Swap

Earning Binance BNB will be fairly quick and straightforward with Toon Swap Space Farming. Once the DApp is implemented, it is only a matter of time until Binance BNB is allowed for staking, then it’s easy to use staking to earn BNB passively.

Even if Binance BNB is a central exchange, central exchanges still have a place in the space as long as they remind their users that they are not wallets, they are simply places for trading tokens.

 

Join The Toon Finance Presale Today!

Website: https://toon.finance/

Presale: https://buy.toon.finance/

Twitter: https://twitter.com/ToonSwapFinance

Telegram: https://t.me/ToonSwapFinance

CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/

Top 10 MBA Schools to Choose in 2023

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It isn’t always an easy task to decode the MBA rankings. Sometimes we might start to wonder what is the best school to go to. If you’re just graduating high school or are planning to go back to studying after some time off, we have something to assist you. We tried to take a good look into the MBA programs that are available to see which can provide a great fit. Of course, the final decision should be personal and made according to your interests, needs, and desires. But we can lend you a helping hand in making this tough but much-needed choice.

Top MBA Programs in 2023

  • Booth Business School of the University of Chicago

Here, in the marvelous city of Chicago, you can visit one of the top-ranking business schools. It provides lots of programs, including business analytics, entrepreneurship, economics, management, logistics, statistics, technology, etc. You can visit it part-time or full-time, depending on your schedule. Full-time tuition here racks over $70,000 a year.

  • Stanford University

Whether you’ve been trying to locate the top writing websites, or the top-ranking MBA program, Stanford knows its way around. It’s one of the most well-known universities out there that can cover pretty much every educational need you have. Here you’d be nurtured with programs such as finance, management, leadership, marketing, organizational behavior, public administration, statistics, logistics, technology, and many more. Full-time tuition per year rounds about over $70,000.

  • Harvard University

If you’ve ever needed to see business schools ranked, you’ve probably already known that Harvard is going to be on the list. This comes as no surprise to you all. At Harvard, you can gain extensive educational experience, tailored to your needs in the plenty of programs they have to offer. Of course, accounting and finance go in, there is also management and marketing, logistics, and technology, research, statistics, and so on. It costs a little bit less, yet it also goes upwards of $70,000 a year.

  • Wharton University of Pennsylvania

Among the top business MBA schools is Wharton School (Pen) which stands on the shoulders of its long-lasting history of being the first-ever business school in the USA. It does give an immense number of business degrees, as well as joint and accelerated ones. Wharton School nurtures leadership skills in its students and provides them with an immense number of out-of-classroom activities and opportunities.

  • Sloan Business School of MIT

As it’s been put on the USNews, ‘The academic courses are inherently global in nature, and there are dozens of opportunities for students to travel and study abroad. The school also has Action Labs for students to tackle real problems in existing companies in the United States, China, and India.’ So, right from the get-go, you can see how incredible of an experience MIT’s Sloan Business School presents you with. There again we see, ‘Close to a quarter of Sloan graduates have gone on to become company presidents and CEOs’. Wonderful news!

  • Columbia University

No list will be complete without Columbia University. It comes to offer you numerous types of business degrees of all sorts. Among those are, of course, analytics, consulting, finance, entrepreneurship, administration, etc. If you’ve ever needed to find diagnostic paper writing help, you may also know that Columbia University also provides a program in health care administration and many more.

  • Kellogg Business School in Northwestern University

Here you’d be able to find traditional and non-traditional MBA programs, including part-time such and extra options to go for masters in different types of educational programs, such as design innovation. It also presents Ph.D. programs, including such in the business sphere. At Kellogg Business School you’d find degrees in accounting, entrepreneurship, economics, management, marketing, leadership, organizational behavior, and many others. Tuition racks at over $75,000 making it a bit more expensive than those above it on our list.

  • Yale University

Sure enough, Yale University finds its place on our list. It presents a number of different business programs and it allows you to perform real analysis cases on plenty of materials, including stock charts. There you can go through the Leadership Development Program that allows you to go overseas, too. Tuition goes at about $74,000 per year. Yale presents wonderful opportunities for students who wish to go into business.

  • Dartmouth College Business School

At Dartmouth you can also find plenty of business programs. Those include accounting, e-commerce, entrepreneurship, finance, economics, management, leadership, marketing, analysis and statistics, technology, tax, research, and many others. According to stats from USNews, ‘84.50 percent of graduates of the full-time program are employed.

  • McCombs Business School of University of Texas-Austin

There is a lot to be found here. Among the business school rankings, McCombs Business School finds a welcoming place, thanks to its great opportunities. Here you can get an MBA through plenty of programs. Such include accounting, consulting, finance, entrepreneurship, management, marketing, logistics, public policy, etc. Tuition goes at about $53,000 per year for in-state students and about $58,000 per year for out-of-state students.

Conclusion

Getting your choice narrowed down can be of great help when you’re trying to decide where you want to study after high school. Of course, those aren’t the only great business schools out there. We are certain that most of the programs that are out of the scope of today’s article can also perform to the highest standard. Yet, we wanted to give you some help with understanding and sorting through your options. The choices we picked here are some of the best business schools in the USA. With them, you’d get tons of knowledge and experience and many professional paper writers play huge roles for that knowledge creation. Some of them even have the opportunity to go overseas. All of them give you the chance to get to know the ins and outs of business first-hand.

Yes, those schools that find their place on our list are definitely ranking top-tier on many lists. It’s clear why that’s so – because they are performing outstandingly. But when you’re picking a college, you’d also need to know more in-depth info about your desired schools. So, take a look at their materials, their websites, and their brochures. This will allow you to understand better how the day-to-day student life is structured and what opportunities the school offers. All of the extracurriculars, sports, and campus life – should be a major part of your decision. After all, they are another thing that’s going to affect your day-to-day life and that is going to be part of the traditional or not-so-traditional college life you’ve heard so much of.

Standard Chartered Predicts Bitcoin Could Fall to $5,000

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World leading cryptocurrency bitcoin has experienced its worst decline since early this year, falling from it’s all-time high price of $67,566.83 to $15,698 within a year.

Bitcoin has been touted as the digital gold, and its decline has created conflicting takes on the future of cryptocurrency, with some predicting bullish days ahead while others say the coming year will be more bearish for the embattled coin.

In a note entitled “The financial-market surprises of 2023,” reported on by CNBC, Standard Chartered outlined a number of possible scenarios that “[they] feel are under-priced by the markets.”

It said that bitcoin could drop to $5,000 next year in a market surprise that investors are under-pricing.

“Yields plunge along with technology shares, and while the Bitcoin sell-off decelerates, the damage has been done. More and more crypto firms and exchanges find themselves with insufficient liquidity, leading to further bankruptcies and a collapse in investor confidence in digital assets,” Eric Robertsen, global head of research at Standard Chartered Bank, said in the note Sunday.

Robertsen added that the somewhat extreme scenarios “have a non-zero probability of occurring in the year ahead, and … fall materially outside of the market consensus or our own baseline views.”

CNBC noted that if bitcoin drops to $5,000, it would mark a roughly 70% plunge from Monday’s price of just over $17,000 for one bitcoin.

Bitcoin’s ordeal was exacerbated by a flurry of issues, including the withdrawal of high-profile institutions such as Tesla, backing the cryptocurrency. Bitcoin’s push to recover has been rocky, compounded by developing events like the collapse of exchanges.

Late last month, one of the biggest crypto exchanges FTX filed bankruptcy, igniting fresh discord that has erased the crypto market’s gain. This has created further doubt about bitcoin’s potential rebound in 2023, sparking investors’ interest in gold as the better asset.

FTX’s founder Sam Bankman-Fried doesn’t know what happened to billions of dollars in Alameda Research accounts. The disgraced founder previously said he’d stepped back from his trading firm’s operations, but in a new interview with The Wall Street Journal Bankman-Fried admitted that he “can only speculate” about what happened to around $5 billion of customers’ money held in Alameda’s accounts. Before FTX’s fall, customers often intended to fund their FTX accounts through Alameda, but that money could have been double counted or lent to Alameda without customers’ knowledge. FTX and Alameda have both filed for bankruptcy and the missing money is a “central” component of the bankruptcy proceedings. (LinkedIn News)

The drop in bitcoin’s price will also coincide with a rally in gold, Robertsen said, arguing the yellow metal could potentially rally 30% to $2,250 per ounce “as cryptocurrencies fall further and more crypto firms succumb to liquidity squeezes and investor withdrawals.”

Robertsen says gold could re-establish itself as a safe haven, with investors flocking to the commodity for stability in times of market volatility.

“The 2023 resurgence in gold [also] comes as equities resume their bear market and the correlation between equity and bond prices shifts back to negative,” he added.

CNBC noted that besides Standard Chartered, others have also predicted bearish outlook for bitcoin. It quoted Veteran investor Mark Mobius saying last week that he sees bitcoin falling to $10,000 in 2023 due to rising interest rates and tighter monetary policy from the U.S. Federal Reserve.

However, some investors are still positive that the market will bounce back in 2023. Venture Capitalist Tim Draper told CNBC on Saturday that he thinks bitcoin can hit $250,000 next year. Some other business leaders have made similar projections.

Earnifi; An Airdrop and Notification Protocol Joins BanklessHQ

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Airdrops are a new way to earn money in the Crypto Industry. People active in crypto can get thousands of dollars via performing task— Testnets tasks, etal.

BanklessHQ, a decentralized Web3 Media Infrastructure acquires Earnifi an Airdrop and Notification Protocol in an undisclosed price.

Earnifi is an airdrop checker. You can Search for Unclaimed Airdrops and get notifications for new Crypto. Enter your address to see tokens, NFTs, and POAPs.

Before Earnifi, hiding out there are billions of dollars in airdrops, these airdrops went unclaimed and many expired forever. Finding unclaimed tokens is hard, Earnifi makes this easy.

Earnifi started specifically as an airdrop checker + notification system, a different goal than EPNS/Push.

Bankless is the world’s leading information source for crypto and Web3 resource. They’ve been an honest media source during the wild crypto markets and they’re dedicated to quality. That’s why they are joining forces to make Earnifi even better. So, Earnifi is a part of Bankless And now, we’re expanding beyond airdrops to bring you even more quality notifications.

Earnifi, said the latest acquisition by Bankless opens new direction for the brand which includes;

  • Earnifi is here for the long-term. We’re more committed than ever.

  • Earnifi is going beyond airdrops. We’re hiring and providing even more notification types.

  • We’re improving Earnifi and creating more tools to go Bankless.

The purchase is part of Bankless’ ambitions to scale its educational programs next year, the outlet said in a statement. Its podcast has surpassed 30 million downloads, reinforced by a daily newsletter that now has more than 250,000 subscribers.

Seeking to leverage that growth, Bankless is hoping to scale into fresh markets with its Earnifi purchase. The startup said it has reclaimed a cumulative $150 million of lost assets.

Earnifi scans wallet data on chains compatible with the Ethereum virtual machine (EVM), such as Ethereum and Binance Smart Chain (BNB), to locate unclaimed airdropped tokens or NFTs. Users are notified via email of outstanding assets.

Co-founder Ryan Sean Adams said his company decided to acquire Earnifi after conducting a prolonged due diligence, including a number of conversations with its founder, Dawson Botsfor — following his fellow Bankless co-founder, David Hoffman, stumbling across the tool on Twitter early this year.