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Amazon-Owned Wickr Me to Reject New User Registrations, Plans to End Operation Next Year

By
Ojukwu Emmanuel
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0

Wickr Me, an encrypted messaging app owned by Amazon has disclosed its plans to halt the acceptance of new users on the platform on December 31, 2022, as it plans to shut down operations at the end of next year.

The platform disclosed that the shutdown will only affect the consumer-faced version, as it seeks to prevent users, most especially whistleblowers and journalists from sending self-destructive messages while noting that its other products, which are geared towards government agencies, military organizations, and enterprises won’t be affected.

Following Wickr’s plan to shut down, its Parent company Amazon said, “After careful consideration, we will be concentrating Wickr’s focus on securing our business and public sector customers’ data and communications with AWS Wickr and Wickr Enterprise, and have decided to discontinue our consumer product, Wickr Me”.

The company further stated that it was working on allowing Wickr customers to securely communicate with individuals outside of their organization.

Court records reveal that Wickr Me has become a platform where most of its users exploit children, with law enforcement agencies accusing them of handling the issue with levity.

Also, reports reveal that there are various posts linking Wickr to child sexual abuse material, which is littered across the net. On Twitter, a search for “Wickr” yielded posts with Wickr usernames and the hashtags “teen,” “perv” and “nolimits.”

Despite the fact that the app has fewer users compared to other popular social media platforms, reports disclose that instances of child sexual abuse are relatively high on the platform.

In a statement made earlier, a spokesperson at the parent company said the company acts quickly on reports of illegal behavior, thereby taking the appropriate actions, as anyone found guilty of violation is subject to account termination, yet the platform is still called over the increase of child abuse acts.

The app has been saddled with so many complaints, which has seen it come under scrutiny for reportedly not doing enough to crack down on the exchange of child sex abuse images, which might be the possible reason why its parent company has decided to shut it down at the end of next year.

Bankrupt FTX Owes Nearly $3.1bn to Top 50 Creditors

By
Samuel Nwite
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0

Troubled crypto exchange FTX, which last week filed for bankruptcy, owes its 50 biggest creditors nearly $3.1 billion, the company has said.

FTX’s ordeal, which has been largely attributed to mismanagement of funds, became public about a week ago after former CEO Sam Bankman-Fried began seeking a bailout from rival company Binance.

FTX filed for bankruptcy after Binance backed out of the bailout deal, and it failed to secure funding from elsewhere. This means the company is in huge debt to its investors. FTX said last week it needs $9 billion to settle withdrawal requests.

In a court filing on Saturday, the company said it owes about $1.45 billion to its top ten creditors, a significant part of its multi-billion dollars debt portfolio.

FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11, throwing its estimated 1 million users into panic and the crypto market into disarray.

According to the company’s separate court filing, a hearing on its first day motions is set for Tuesday. The crypto exchange said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some businesses, per CNN.

FXT’s ordeal triggered a nosedive in the crypto market, with investors losing more than $200 billion in assets. Bankman-fried has apologized, admitting in a tweet that he “fu…ed up” but he is potentially going to face criminal charges.

There could be more than 1 million creditors in the US cases that are already filed, CNN quoted FTX Group saying, adding that it has been in touch with “dozens” of US and international regulatory agencies including the US Attorney’s Office, the US Securities and Exchange Commission and the Commodity Futures Trading Commission.

With allegations of misconduct increasing, authorities in the Bahamas — where FTX is based — have launched an investigation to determine whether any criminal misconduct occurred related to the company’s implosion, according to a statement by the Royal Bahamas Police Force. The Bahamian authorities have also confiscated cryptocurrency assets held by FTX Digital Markets, The Bahamas-based FTX unit that filed for Chapter 15 bankruptcy protection Tuesday, per Reuters.

In addition, the Securities Commission of The Bahamas announced Thursday night that it had directed the transfer of all digital assets of FTX Digital Markets and that those assets are being transferred to a digital wallet controlled by the Bahamas regulator for “safekeeping.”

FTX’s downfall has further exposed how fragile the crypto industry is, underscoring the need for government regulation. The US authorities are also investigating the matter.

Government, Security Officials, Connive with Oil Thieves – NNPC Ltd GMD

By
Samuel Nwite
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0

Nigeria’s raging oil theft has sparked trade accusations between the Nigerian National Petroleum Company Limited (NNPCL), the government and the Nigerian military.

The group managing director and chief executive officer of the NNPCL Mele Kyari, on Sunday, accused the government and security officials of conniving with oil thieves to steal Nigeria’s crude oil.

Kyari, who has been at the center of the crisis, said both government and security officials are deeply involved in the sophisticated oil theft. He said they use technology to lay invisible pipelines that they use to lift stolen oil.

Kyari, who was speaking at Channels Television Newsnight programme, said the connivance, which has aided massive stealing of Nigeria’s crude oil, was unknown to the NNPCL.

“When you introduce technology into stealing, and this is precisely what they did, and when there is a collaboration of people who should not be part of those activities, you can lay pipelines and no one will see it.

“You can do it at night if you have the ability, and ultimately this is what we think happened. You can lay pipelines for the wrong reasons to assets that may have been abandoned or even active, assets which are not meant for such purposes. That means you will see end-to-end collaboration either by people who are around those assets, people operating the assets, people supposed to provide security for these assets, and so on.

“And you can eliminate anything. When you find collaborators in the system, then you can get anything done. We didn’t know because the extent of collaboration is unknown to us, and essentially what this intervention process brought to the table is that knowledge that we didn’t know before,” Kyari said.

Nigeria was losing about half of its daily oil production to the oil thieves before some of the pipelines they used were discovered. Last month, Kyari lamented the discovery of a 4-kilometer pipeline from the Forcados export terminal, being used to steal oil for nine years, resulting in the theft of hundreds of thousands of barrels of oil per day.

More pipelines have been discovered since then, underlining the depth of the oil theft that has significantly reduced Nigeria’s oil output and revenue. Nigeria, Africa’s largest economy, is the only oil-producing country that did not benefit from the oil windfall orchestrated by the Russia-Ukraine conflict.

With the resulting revenue drop, the Nigerian government has taken to borrowing to fund its budgets, pushing its public debt profile to more than N42 trillion as of August.

The complicity of the government is noted in its unwillingness to expose the officials named in the oil theft crisis. In June, the Nigeria Security and Civil Service Defense Corps (NSCDC) Delta state command revealed that high profile individuals are behind the oil theft crisis. The Corps public relation officer Emeka Peters said that heads will roll, if the corps decides to publish the names of those behind crude oil theft, pipeline vandalism, illegally dealing in petroleum products and economic Sabotage.

While Kyari’s statement beams of honesty and boldness, it only lends credence to what many have been saying. It is also a sort of self-indictment since the NNPCL is a government corporation, which means that its officers could also be involved in illegal oil activities.

Understand Consumer Marketing in the FMCGs Sector – Tekedia Mini-MBA

By
Ndubuisi Ekekwe
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0

It looks really exciting: an opportunity to understand how the FMCGs (fast-moving consumer goods) marketing directors architect their playbooks. At the Tekedia Institute, we have a course on  Consumer Marketing in the FMCGs industry. An industry veteran, a former Marketing Manager (Guinness), ex-Portfolio Manager (Heineken), and currently the Group Marketing Director of Jotna (the LaCasera Company) teaches it.

Emmanuel Agu. M.Sc., MBA, FNIMN, FIMC. is a brilliant man. Those days in FUTO, we used to connect on the matriculation day. The Vice Chancellor will announce the University Scholars – and all of us will go to the podium to receive the awards. He represented Agric Economics and Extension; I represented Electrical & Electronics Engineering. That friendship developed because the VC had noted “new students, these are the ones to go to if you have academic problems”. It was a nice club because it brought so much respect before the new students. As you walked on campus the next day, dozens of fingers would point at you, possibly saying “he was among those on the podium”.

In this course, Mr. Aju explained everything; close to 6 hours of video. A masterpiece because it is a piece from a master! Join us in the next edition of Tekedia Institute Mini-MBA and meet Mr. Agu and other faculty members who are leaders in their industries. This is the best school.

Dash, GMX, 1inch, Toon Finance November 2022 Price Predictions

By
TI Partners
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0

Toon Finance

In this blog post, we will be discussing the price predictions for Dash, GMX, 1inch, and Toon Finance for November 2022. All of these assets are important in the world of WEB3 and have the potential to make significant gains in the coming months. As always, please do your own research before investing in any asset.

DASH PRICE PREDICTION AND UNDERLYING WORRY

Dash is a cryptocurrency that offers instant transactions and private transactions. It is one of the oldest and most well-known cryptocurrencies, with a market cap of over $11 billion. Dash has seen a lot of positive news recently, with the launch of its new Evolution platform and partnerships with major companies like KFC. We believe that Dash has a lot of upside potential and could reach $2000 by November 2022.

Dash is a cryptocurrency that has seen a lot of price rallies on different fronts. However, they have yet to prove their true use case in the space and this might lead to future doubt with investors. So, before buying in, it is best to do your own research and be careful for any hidden problems. Dash’s main use case is for private transactions.

However, there are other coins that offer this same functionality. Dash also offers instant transactions, but again, there are other coins that offer this as well. Dash does have a large market cap and a good amount of liquidity. However, without a clear use case, it is hard to say if Dash is a good investment or not. Do your own research before investing in Dash or any other cryptocurrency.

GMX PRICE PREDICTION AND WHY YOU SHOULD THINK TWICE

GMX is a protocol that allows users to create their own decentralized exchanges. It is a relatively new project but has already gained a lot of traction in the WEB3 space. GMX has seen a lot of adoption recently and we believe that it could reach $1 by November 2022.

GMX token is not yet battle tested. The project’s saving grace is it’s great use case but the team that develops these ideas are fairly inexperienced. They might double their value but it’s still a 50/50 chance. However, the GMX token offers a great use case that can be very beneficial to investors. The young team behind GMX is full of energy and they have already made significant progress in a short amount of time. Even though they are inexperienced, they have made a lot of progress and GMX might just be the next big thing. GMX is worth keeping an eye on and investing in but of course always DYOR.

1NCH PRICE PREDICTION AND CONS OF DEX AGGREGATORS

1inch is a decentralized exchange aggregator that allows users to get the best prices on trades. 1inch has been growing rapidly and now has over $2 billion in total value locked. We believe that 1inch could reach $10 by November 2022.

1INCH is a decentralized exchange aggregator that launched in January 2020. The project has been on the rise throughout 2020, but it has yet to prove anything substantial in this space. Dex aggregators are not new and using this as the main focus in a project is not sustainable. We are excited to see what might become of this project, but we approach with caution.

1INCH has yet to prove anything substantial in this space and we hope that they will be able to do so in the future.

TOON FINANCE PRICE PREDICTION AND WHAT MIGHT BE IN STORE

Toon Finance is a protocol that allows users to create non-fungible tokens (NFTs) on the Ethereum blockchain. Toon Finance has seen a lot of adoption recently and we believe that it could reach $0.50 by November 2022.

Toon Finance’s DeFi protocol is unique in its approach, they are the first to aim to be TRULY decentralized, unlike other DEXes that are only decentralized in face value but are plagued with centralized rules and regulations. Toon Finance is on its presale and are set to launch in January 2023, The team is anonymous (just like Pancakeswap) and they have been grinding hard to build something awesome for their tight community.

Toon has a very solid team with experienced developers, who have been working tirelessly to bring their vision to life. In addition, Toon has a large and active community of supporters who are eager for the protocol to launch. With a strong team and vibrant community, Toon is well-positioned to become a leading player in the DeFi space.

Below are useful links for Toon Finance. 

 

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/

All four of these assets have a lot of upside potential and could see significant price appreciation in the next year. As always, please do your own research before investing in any asset. Thanks for reading!

Toon Finance / TFT Twitter / Toon Finance Telegram / Toon Finance Presale

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