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The Influence of the “Be Yourself” Industry on Poverty in Nigeria

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It would be a huge mistake to believe that there are countries where there are no poor people. It would also be a great disservice to oneself to believe that poverty can be reduced or eliminated solely through the efforts of political and business leaders. God knows why He made things in double and, in most cases, binary options of positive and negative. He understands why He made certain people leaders at different stages of their lives and others followers. In all of these divisions, He gives everyone something that is completely unique and cannot be found in another person. In most cases, you may be unaware that you have the innate abilities to create and capture value monetarily, socially, and politically.

This is one of the main reasons why the “be yourself” industry is thriving all over the world. It is an industry that relies on inspirational talks, capacity building using do-it-yourself training formats, and books to produce, disseminate, and manage knowledge. People at the lower and middle income levels have really explored the industry in the developed world. However, in the developing world, the industry receives little attention.

A quick trend search in some countries in the global south, such as Nigeria, will reveal that people want to understand issues and challenges that may not allow them to escape knowledge and financial poverty. Regardless of the number of statistical and moral panics about Nigeria’s poverty level, our analysts believe that escaping the poverty net requires serious engagement with players and actors in the ‘be yourself industry,’ because poverty rhetoric has not yielded the desired results over the years.

According to the 2022 Multidimensional Poverty Index report, education is one of the tools required to address the problem. The same education is not easily accessible through the formal school of higher education institutions. This suggests that Nigerians, particularly youth, should explore the “be yourself industry.”

The industry’s speakers, writers, and participants (companies) have written a number of books and delivered seminars on a range of opportunities over the past five years. Our analyst, who is one of the players, just published a book explaining how Muslims can generate and seize value using Islamic principles. If reading books, going to trainings, and attending conferences to expand opportunity discovery and exploration are challenging, then using authentic internet sources for self-learning shouldn’t be a problem as long as getting on the internet isn’t challenging. But interacting with actors and players in the “be yourself industry” is still necessary.

Federal Reserve Bank of New York, Monetary Authority of Singapore Test wCBDC for Cross Border Payments

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The Monetary Authority of Singapore (MAS) and Federal Reserve Bank of New York are teaming up to explore the use of Wholesale CBDCs for cross-border payments. The partnership will bring together MAS’s Ubin+ project with the second phase of the New York Fed’s Project Cedar for a joint experiment.

The Project Cedar Phase II x Ubin+ experiment is not intended to advance any specific policy outcome, nor is it intended to signal that the Federal Reserve will make any imminent decisions about the appropriateness of issuing a retail or wholesale CBDC, nor how one would necessarily be designed.

Reports detailing the experiment and findings of Project Cedar Phase II x Ubin+ will be released in 2023. Project Cedar is a multi-phase research effort to develop a technical framework for a theoretical wCBDC in the Federal Reserve context and aims to contribute to a broad and transparent public dialogue about CBDC from a technical perspective.

Phase One of Project Cedar found that using a wCBDC prototype to facilitate transactions supported by blockchain technology could improve the speed and safety of cross-border wholesale payments. Ubin+ is MAS’ collaborative initiative with international partners to improve the efficiency and reduce the risks of cross-border foreign exchange settlement, by advancing cross-border connectivity and interoperability of wholesale digital currencies. The effort will look to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wCBDCs as a settlement asset.

The experiment, which entails establishing connectivity across multiple heterogeneous simulated currency ledgers, aims to significantly reduce settlement risk, a key pain point in cross-border cross-currency transactions. A report on the work will be released next year, although the New York Fed stresses that it is not designed to advance any specific policy outcomes.

Michelle Neal, head, Markets Group, New York Fed, says;

“Building off Phase I, the Project Cedar Phase II x Ubin+ collaboration will provide further visibility into the functionality and interoperability of multi-currency ledger networks utilizing their own unique designs.”

Phase one of Project Ceder simulated a foreign exchange spot trade and introduced a wholesale CBDC prototype to test whether using blockchain technology could improve speed, cost, and access to cross border wholesale payments. The experiment found that payments could be settled in under 15 seconds and that the simulated ledger network enabled atomic settlement, meaning both sides of the transactions were settled either simultaneously or not at all – slashing risks.

Argentina Falls to Saudi Arabia in FIFA World Cup

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Congratulations Saudi Arabia. It was indeed a moment that Messi’s Argentina fell to the Saudis.  This takes me back to secondary school when Cameroon’s Omam Biyik defeated Diego Maradona’s Argentina 1-0. Africa rejoiced and I went to Oriendu Market and bought an almanac with the victory celebration. Small chewing gums with the photos of the goal went everywhere in the village. Cameroon’s record was huge because Kana Biyik and Massing both went down with red cards.

But you know what? Argentina went to the finals and later lost to West Germany. We will see how Argentina responds; in 1990, Maradona single handedly combed together a largely weak team to the finals (outperforming his 1986 victory moment and “hand of god ” spectacular). Can Messi do that for Argentina?

About 8 countries have won the World Cup: Brazil, Germany,  Italy, Argentina, France, Uruguay,  England and Spain. If you count after 1980, you have only 6 countries. The real deal is this: can we have another county outside the big 5. Hope Saudi Arabia’s brilliance expands the podium.

Comment on Feed

Comment: Whaoo. Ain’t know Prof. could be this vast in football.

My Response: Sausa of Secondary Technical School Ovim was a preeminent football analyst who was not good in the field. During that time, he memorized all the Rangers , Shooting Stars of Ibadan, etc players. Edward Ansah, Abdulahi Alausa, Ngodiga, etc. In his small transistor radio, he listened to NFA matches.

Comment 2: This is the reason why we watch the game.
The Saudis did this because they didn’t lose the game before they entered the field of play. They believed and it happened. This is a lesson for all of us. If we’re faced with giants and no one gives us a chance, we should all learn to give ourselves a chance. There could be miracles when we believe. Give yourself a chance by showing up and believing that anything is possible. Don’t lose the battle of life before you fight.
As they say, fortune favors the brave.

Bob Iger Effect: Disney Stock Price Surges as Ex-CEO Returns to Shake Things up

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After Disney announced the return of its former CEO Bob Iger, the company stock (DIS) surged as much as 9% in the early hours of Monday.

Iger’s return to the company will see him replace Bob Chapek who has already stepped down from the CEO position of the company, after his three years reign.

While speaking on his return to Disney, Bob Iger said, “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe, most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration.

“I am deeply honoured to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling”.

Upon his return, few analysts at Wall Street predict that he will positively impact the company’s stock which declined during Chapek’s tenure.

Also speaking on Iger’s return, Wall Street analyst at Wells Fargo Steven Cahill disclosed that the former CEO’s return to Disney doesn’t really solve all the company’s problems.

However, he is positive that his presence will attract investors, noting that Disney has put one of the best leaders in media at the helm who will possibly shake things up.

Other analysts are optimistic that Iger’s charisma and intelligence will help navigate the company out of its current mess. “While Iger appears to be more woke politically than Chapek, his straightforwardness about his positions may serve the company better than Chapek’s fumbling”, an analyst said.

Iger’s recall back to Disney comes after Chapek’s Chaotic run for the company which saw him lead the company to post its first quarterly loss since 2001 of a whopping 1.5 billion dollars.

His tenure was riddled with controversy, from political battles and A-list talent problems, to controversial reorganizations. Reports reveal that Disney’s stock price fell by over 30 percent since Chapel took over as the CEO.

Insiders at the company disclosed that Chapek shouldn’t be surprised at his replacement, despite the fact that Disney’s board of directors unanimously voted in June to extend his contract for another three years through 2025.

They stated that he was hated by creatives, and according to them, he didn’t possess the acumen and creativity to effectively run the company.

Following Iger’s return to Disney, the company disclosed that he will serve as CEO for two years, with a mandate to “set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term.”

Iger was Disney’s public face for 15 years as chief executive, where he spent four decades and oversaw the acquisitions of Pixar, Marvel, and Lucasfilm. During his tenure, he also closed a $71 billion deal to buy most of 21st Century Fox before handing the job off to Chapek in 2020.

Iger has already resumed his duty as the CEO and has already sent a memo to the company’s employees informing them about his restructuring plans, as well as certain implementations that will be made.

No-KYC Crypto Exchange – Our Top 4 List

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There are a lot of No-KYC exchanges in the crypto space where investors can operate in incognito mode by revealing their personal details. No-KYC doesn’t mean that these exchanges don’t provide ample security. Their security measures are the same as regular trading platforms. But, a few No-KYC crypto exchanges may restrict deposits and withdrawals. If you are looking for a No-KYC crypto exchange, we have the list of the top three for you. Let’s begin.

1) PrimeXBT

PrimeXBT is a decentralized exchange that doesn’t require KYC and there are no trading restrictions on it. The exchange offers trading services such as leverage, forex, crypto, and stocks.

It provides access to several crypto trading pairs such as Litecoin, Ripple, ETH, EOS, and BTC. The majority of trading assets are based on Bitcoin, and you can trade them without any KYC verification.

PrimeXBT has a customizable user interface where you can add charts, order types, and indicators. These different monitors are perfect for both experienced and newbie traders. Furthermore, it also serves as a crypto scanner.

The trading commission charged by the platform is the same all through. This makes it highly convenient because the trading fees can be easily predicted. All you need is an email address for registration and you can manage the personal account information.

Key Highlights:

  • Quick sign-up process.
  • Offers high leverage and liquidity
  • Predictable trading fees.
  • Easy and quick purchase of tokens such as Ether and Tether
  • Low-cost margin trading.
  • Advanced trading features.

2) Paybis

It is a No-KYC crypto exchange and supports more than ten crypto tokens. Paybis is a liquidity service as it doesn’t store cryptocurrencies. Investors can buy coins such as Binance Coin (BNB), USD Tether (USDT), and more without any KYC.

This decentralized exchange does require verification and on top of that, it supports fiat like the Euro and USD. It supports 9 languages and hence makes it easy for users from other countries.

Its user interface is super easy to use for both newbies and seasoned traders. It has no limits on trading. Moreover, Paybis only asks for an ID for a transaction. You can access other exchanges from Paybis. If you are connected to a cold wallet, it adds another layer to your invisibility.

Key Highlights:

  • Supports various payment methods such as debit cards, wire transfers, and credit cards.
  • Its referral program helps you earn money from trades.
  • You get a conversion calculator, which helps you in trading and calculating crypto taxes.
  • Instant payouts while withdrawing.
  • State-of-the-art security system.
  • Minimal trading fees.
  • Supports margin trading.

3) ChangeNOW

ChangeNOW is a No-KYC crypto exchange that has a centralized Altcoin swapping service. It protects your interest as it doesn’t require any sort of verification. On top of that, you don’t even need an account to trade on ChangeNOW. You only need a hardware wallet as it is a custodian exchange that doesn’t hold investors’ funds and only works when you link your wallet.

The platform supports debit cards, which gives you an easy way to swap fiat with crypto. Also, there are crypto trading pairs for fast and easy crypto swaps. ChangeNOW doesn’t charge a lot of fees and the fixed rates don’t change and are set as per ChangeNOW.

Key Highlights:

  • No registration is required.
  • Connect a hardware wallet to access the exchange and other major crypto exchanges.
  • Wide range of cryptocurrencies and trading pairs.
  • No minimum deposit limit.
  • Supports debit bank cards.
  • Supports margin trading.

4) SimpleSwap

SimpleSwap is a reputable cryptocurrency exchange platform that offers users a seamless and secure way to instantly swap various assets. Established with the user experience in mind, the service allows individuals to exchange one cryptocurrency for another without registration or creating an account. 

SimpleSwap offers a wide variety of cryptocurrencies and fiat options, enabling users to trade multiple assets, including the most popular and rare ones. User’s security is its top priority: service uses advanced protocols to keep transactions and personal information safe. The user-friendly interface and great choice of 1000+ coins make SimpleSwap the go-to choice for both beginners and experienced cryptocurrency enthusiasts. 

Key highlights:

  1. No signup is required.
  2. Simple interface.
  3. Offers 1000+ assets. 
  4. Has been on the market for 5 years now.  
  5. Offers a Loyalty Program with BTC cashback for its users. 
  6. Customer support works 24/7.
  7. Users can buy and sell crypto for fiat. 
  8. Floating and fixed exchange rate. 

Concluding Thoughts

KYC is a must for a lot of crypto exchanges because of the regulations and compliance laws present in the country they operate in. However, you can also use No-KYC crypto exchanges that don’t require any verification for crypto transactions. They might not have the largest crypto collection, but they don’t reveal the investor’s personal information.

FAQs

  1. Can I buy crypto without KYC?

Yes, you can buy crypto without KYC. Exchanges such as Paybis, ChangeNOW, and PrimeXBT allow their users to buy crypto without any verification. The sign-up process is easy, the fees are low, and payouts are instant. However, sometimes they restrict the withdrawals.

  1. Can you use Binance with no KYC?

No, you cannot. If you want to have basic access to Binance, you have to complete your verification. Non-verified users can claim NFTs, explore their offerings, and claim Fan tokens, and Binance gift cards, but they cannot interact with Binance trading products without KYC under any circumstances.

  1. Does UniSwap need KYC?

UniSwap V3, PancakeSwap, and dyed exchange don’t require KYC. However, they might ask for some personal information when you withdraw funds from their platforms. This might be a deal breaker for a lot of traders.