DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4711

The Data Explosion Around Us and the Challenge With Africa

0

The ongoing (massive) data explosion has continued to disrupt the way we normally see and do things. The last three decades have inspired a paradigm shift in our value system and approach to things. Major developments in work and administration have been brought about by the production of faster computers and gadgets with high storage capacities which make things simpler and easier for man.

The successive launch of the 2G, 3G and 4G networks direct attention to how we have come to rely more on speed and ability to hold and utilize massive information at a go. The world is now engrossed in talks about the 5G and 6G networks which are capable of reaching massive amount of data at an incredibly higher speed. Welcome to the era of the big data and Artificial intelligence.

According to a 2019 report by International Data Corporation (IDC), in 2018 the global data-sphere grew to 18 zettabytes (18 Trillion Gigabytes). It’s also estimated that the world’s data will grow to 175 zettabytes in 2025, and the digital-data economy will reach 13 Trillion US Dollars by 2030. Experts now claim that since data is a growing influence in the new economy, there might be need for a new GDP (Gross Data Product) measure to capture the measure of wealth and power of nations.

Analysis by McKinsey Global Institute shows that Data-driven organisations are 23 times more likely to acquire customers than their peers; 6 times more likely to retain customers and 19 times more likely to be profitable. The reality of the big data (or data economy) continues to trigger increase in demand for data scientists in the labour market and a consequent increase in demand for data knowledge.

Furthermore, according to a January 2019 report from Indeed, one of the top global job sites in the USA, there has been 29 percent increase in demand for data scientists year over year and a 344 percent increase since 2013. However, while demand continues to rise sharply, skill in data science grew at a slower pace (14 percent) indicating a gap between supply and demand.

What Africa looks like in the big picture

The digital-data skill gap in Africa is on the high side, and efforts to address the problem have been fragmented. The sub-Saharan African region with a projected working-population of 600 Million by 2030 is still struggling to keep up with the data economy. According to to 2019 Harvard Business Review’s ranking of data producing countries of the world, only South Africa emerged from Africa and it was 25th on the global ranking. The United States, United Kingdom, China, Switzerland and South Korea make up the top five.

A 2017 World Economic Forum report reveals that lack of formal educational opportunities is a key contributor to the shortage of proficient data scientists on the continent. Consequently, aspiring data scientists resort to costly online resources or are forced to pursue informal education pathways to develop their theoretical knowledge and practical experience. This further limits career prospects as employment opportunities are more readily available to those with formal qualifications, rather than individuals that self-thought.

Therefore, African governments have been urged to subsidize data education in the region and create enabling environment for private individuals and foreign investors to drive investment into the sector. Data is the new oil as it is fondly described in Nigeria. The efforts of the Government of Lagos State towards making Lagos the 21st century economy of the world through its EKO Innovation Hub is a great bold step in the right direction. This should be replicated in other parts of the country to strategically position Nigeria in the new economy.

The Doctrine of “last seen” in a simpler context

0

If Mr. A was last seen with Mr. B and Mr. B suddenly turned up dead, (ie the deceased was not previously sick or previously showing any sign of death), the law is that it will be presumed that it was Mr. A that killed or is responsible for the death of Mr. B unless Mr. B was able to prove he is nor responsible for the death of Mr. B and this is called the “doctrine of last seen”.

This doctrine of last seen stands as a negation or an exception to the doctrine of “presumption of innocence” as it is the law that where the victim was last seen with the accused person and has not been found after a period of time, the death of the lost person will be presumed, it will also be presumed the person that he was last seen together with is responsible for his disappearance or death.

The doctrine of ‘last seen in simpler terms simply means that the law presumes that the person last seen with a deceased person bears the full responsibility for his death.

As it is customary in criminal trials, the onus to prove that the accused person committed the offense he is been charged with lies on the prosecutor; the prosecutor has to prove beyond every reasonable doubt that the accused person did commit that offense but if it is in a murder trial and the accused person is said to be last seen with the deceased thereby accusing the suspect of being responsible for the death of the deceased, the onus then shifts from the prosecutor to the accused person.

The onus to prove his innocence now lies with the accused person; this act of the accused person proving his innocence negates the principle that an accused person does not have to prove that he is innocent because he is presumed to be innocent of the crime he has been accused of.

This principle of last seen should be an eye opener to everyone that the principle of presumption of innocence, unlike what most may think, has an exception and such like every other principle of law and such exception is the doctrine of last seen.

3 Cryptocurrencies to Watchlist Toon Finance, Shiba Inu, DogeCoin

0

Best Crypto Coins to invest in

Following a year of global economic struggle, a growing community of investors will turn their attention to the crypto market in 2023. Savvy investors are eagerly looking for the best digital assets to buy at the end of 2022 and heading into the new year.

With over 300 million people around the globe now owning at least one digital token. While they all have contrasting views about what makes a successful coin, they are united by a desire to see their investments return a significant profit. Let’s take a look at three of the leading candidates pinpointed by crypto analysts as boasting the potential to rocket over the next 12 months and beyond.

Toon Finance (TFT)

Early investments have been key to securing optimal returns throughout the crypto sector’s brief history. The obvious example is the fact that investors would have needed to buy just $25 worth of BTC in 2012 to become millionaires by 2022. However, hundreds of successful digital assets entered the public exchange at tiny costs before growing several thousand percent. Toon Finance could be the next big opportunity.

The P2E gaming platform doesn’t even officially launch its native $TFT coin until January 1. Nevertheless, thousands of enthusiasts have invested during a pre-sale phase that started on October 10 and has offered the opportunity to secure a discounted price. A successful IOC campaign has seen the token become listed ahead of its launch on CoinMarketCap and other huge platforms, thus encouraging new investors to discover Toon Finance too.

In addition to trading the TFT token, Toon Finance is a growing community of gaming enthusiasts who can participate in a Space Battle Grounds environment that’s supported by SHA256 encryption to ensure fair play. As the metaverse community of players and NFT collectors grows, it is very likely that the TFT token that’s needed to support the platform will grow in value.

The DeFi platform has made fast progress and its roadmap to handling a total supply of 1 billion tokens is already in motion. The token can be purchased in the pre-sale through ETH but the token will be available on Uniswap and other popular platforms after launch to create a more versatile playground.

It is highly anticipated that TFT will see significant growth in 2023 thanks to the excitement surrounding the metaverse as well as the timing of its launch. The big question is whether the ceiling is 10x or 100x its initial value.

Shiba Inu (SHIB) Coin

Shiba Inu dominated the headlines in 2021 and cemented its place as the best performer of the year by securing growth of over 43,000,000 percent. Forty-three million. The digital asset understandably endured a far less impactful 2022. The value dropped significantly from a peak of $0.00008616 in October 2021 to less than 10% of that value. After months of stability, experts suggest that 2023 could be another year of strong ROIs.

Will SHIB provide the gains that it did for the early investors two years ago? Almost certainly not. Nevertheless, experts have suggested possible highs of $0.000027 by the end of 2023, followed by $0.000037 12 months later and $0.000046 by 2025. By the end of the decade, there is a potential forecast of $$0.000095. It would signal a huge climb but is only a little higher than the peak it hit in 2021, which shows that these predictions are very realistic.

However, Shiba Inu is a meme coin that has gained huge public and investor interest since launching in 2020. The journey it experienced in 2021 shows how quickly things can change and can give investors hope that the token will outperform the forecasts. Either way, it is clear that Shiba Inu still has the potential to make people rich, not least because it remains very much in its infancy.

The fact that SHIB started as a satirical take on Dogecoin, and even marketed itself as the Dogecoin killer, should not detract from its impressive history. It has all the key ingredients to succeed – the fun factor, a cute mascot, notoriety, a sense of intrigue thanks to the anonymous identity of author Ryoshi, and genuine prospects of big financial growth.

If you kicked yourself after missing out in 2021, this could be the opportunity to make amends. Thanks to the low costs, you’ll also have the opportunity to sell a percentage of tokens when convenient too.

Dogecoin December 2022

While Shiba Inu has certainly had a massive impact on the crypto market, its somewhat tongue-in-cheek mission statement of killing DogeCoin wasn’t quite accurate. DOGE trades at under $0.1 but is still comfortably in the top 10 tokens on the exchange. It is more than just a meme coin, it is a bonafide phenomenon that took the world by storm and arguably sits second on the list of important digital tokens behind Bitcoin.

DogeCoin has shown the power of social proof and celeb endorsements. Meanwhile, Elon Musk’s purchase of Twitter and advocacy of DOGE could see the token see another major upturn. Despite enjoying an incredible bull run in 2021 before coming back down to a level that’s still more than 25x higher than it was before the ascent, the current level of around $0.08 highlights that there is still room for the digital asset to deliver huge ROIs.

Analysts have pinpointed a 10x increase in value before the end of the decade, starting with growth to $0.23 heading into 2024. Despite some doubts surrounding the industry as a whole, DogeCoin co-founder is confident that BTC will hit $100,000. If it does, there is a big chance that it will drag the other leading tokens like DOGE with it to big profits.

While it took some time for the meme coin to truly capture the attention, it is now very much at the top table of digital currencies. While it may have become an accidental phenomenon, the peer-to-peer cryptocurrency is powered by the best blockchain tech and security for decentralized transactions. Its function within the context of the community is perfect.

Experts suggest that holding DOGE alongside Toon Finance in Shiba Inu will strengthen your portfolio heading into 2023. Now is the perfect time to act.

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

Cryptanalysis believe that Toon Finance Explode Shiba Inu Coin by December 2022

0

Is Shiba Inu losing its once titan grip on the cute meme crypto market? Toon.Finance is the new coin on the block and one that has exploded in popularity. A once semi-joke form of cryptocurrency launched to topple the big names like Bitcoin and Ethereum turned into one of the most popular coins of all time.

Let’s look at what makes Shiba Inu attractive, some of its ATHs, and more.

Shiba Inu Coin Price Prediction

Ryoshi, a group or single person, created SHIB in 2020 to answer the DOGE coin. While it was launched as a parody of the DOGE, it gained incredible popularity and exploded.

More meme-inspired coins are hitting the crypto market than ever before. Not only are they fun, but they are a bit of an antidote to the ‘stuffy’ appearance of some of the other coins. What makes meme coins so interesting is that while they don’t seem to take themselves too seriously, they are more popular and a better investment than many old and original cryptocurrencies.

Meme coins have been on the rise for the last few years – what started as a way to poke fun at some of the traditional coins has now become some people’s preferred way of investing in bitcoin.

For many age groups, we have grown up with the meme culture. Looking specifically at Imgur and Reddit, a large number of people can enjoy a single meme, and it can have a meaning and back story of its own. Not too dissimilar to the cryptocurrency meme-coins.

Billy Markus and Jackson Palmer created DOGE as a parody of bitcoin (BTC) that offered the general public a welcoming entry point into the realm of cryptocurrencies. Given the historical ambiguity and mistrust surrounding cryptocurrencies in general, it worked well to demonstrate to the general public that they don’t have to be taken seriously.

Although DOGE was started as a bit of a joke, in the end, it had the backing of people like Elon Musk and Snoop Dogg – driving its notoriety further in huge leaps. Eventually, seeing a rise in value that exceeded 14,000%!

Where does Shiba Inu come into this?

DOGE opened the door for many different takes on crypto, including Mona Coin, Tiger King, SafeMoon, and Shiba Inu.

$CAT is one of the most interesting to look at face value because it was created after the huge smash hit Netflix series and the TikTok Carole Baskin parody songs. It was Carole Baskin herself that launched the $CAT. Unlike others, you can’t buy this currency, but you can use it to buy online experiences and merchandise – but it’s not for investing in.

MONA is another interesting case; while it was launched in 2013, it isn’t as popular as Shiba Inu at all – however, it is predominantly used in Japan and has a huge $134 million market value. MONA is even more special because it was approved by Japan’s Financial Services Agency and is accepted as a payment in-store, land-based, and on the internet.

It creates blocks in 1.5 minutes, which is much faster than bitcoin’s 10-minute creation time.

Shiba Inu is potentially the most successful breakout. The Shiba Inu as a dog was doing serious rounds on the internet, increasing in popularity ten-fold. Shiba Inu has been labeled as the Dogecoin killer, and while you wouldn’t want to see the coin tank, it makes it more interesting for investors looking for something new.

When it comes to crypto, it is typical for the creators to be anonymous so Ryoshi being a pseudonym has no negative impact on the explosive popularity.

Its market cap is around $7 billion (£4.9 billion), and there are close to 400 trillion coins in circulation. It was designed after DOGE. It has also been referred to as the “Dogecoin killer,” but analysts doubt its price will rise significantly.

For example, according to Digital Coin Price, SHIB will only increase to $0.00004607 by the end of 2025. In addition, despite SHIB’s rapid recent development, many analysts think it will be a while before it hits the $1 threshold.

Toon Finance #1 ICO

In just the first week itself, Toon Finance Coins sold out over 3 million dollars worth of TFT Coins.

Just like Shiba Inu revolutionized the meme-coin, TFT is disrupting the market again. And it has been predicted to surpass the explosive runaway success of Shiba Inu with relative ease. Since TFT offers a unique combination of gaming, huge NFT drops, and is only on its second round of presales, the capability is huge.

Most investors want something interesting, unique, and a strong projection. The success of both DOGE and Shiba Inu means the market is primed for something else. Toon Finance is unquestionably a fantastic choice for those searching for an early investment opportunity while the coin is still in the presale period. Additionally, TFT is hosting an airdrop giveaway for their members that will feature 10,000 adorable cuddly NFTs.

One thing that makes presale so interesting is that it offers a low-risk way for people to purchase crypto. Early investors shape the project’s future and give a key indicator of the success that can be expected when the coin goes live.

With the project finally ending its presale after several months of preparation to ensure the project and beta testing came out flawlessly, cryptocurrency experts have referred to Toon Finance as the most well-known and successful ICO to date.

The popular coin is Toon Finance Coin, which takes inspiration from adorable, cuddly cartoon creatures. A group of industry experts and blockchain engineers created this DEX application platform to address the externality surrounding the need for P2E gaming by securing a P2E metaverse with SHA256 encryption protection.

It just started its initial coin offering, which pre-sold more than half of the total coins. In total, there are more than 1 billion Toon Finance Coins.

The ICO saw frenzied subscriptions from traders, investors, gamers, and fans.

Media coverage is ramping up, and TFT is set to be the runaway success of 2022 and leave Shiba Inu in the dust by December.

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

The Nigerian Naira Is Rising Against The US Dollar

0

Fake news is bad but fake news could be strategic under national security. As you read Russian and Ukrainian news sites, one thing is clear: disinformation, misinformation and fake news are all parts of warfare. The smartest fake news for me ever was the one the Iranian government offered to its citizens when a US drone killed an Iranian general in Iraq.

Iran “responded” by firing missiles to a US base in Iraq. It then went on air in Iran to claim that it killed dozens of US soldiers, serving “justice” for the general. The Iranian citizens believed and jubilated; calm returned. It was all fake news as the missiles did not get to the base, and also, Iran informed Iraq that it was about to fire them, and told everyone to clear the area.

Why this? The Nigerian Naira is rising against US dollars on a solid rumour: “The improved supply has been attributed to market speculation bordering on unconfirmed reports that the U.S. is ramping up dollar notes printed before 2021, to mitigate the amount of dollars in circulation – a step similar to the one taken by the Nigerian government.” As a result, many people do not want to touch old US dollars, reducing demand and with that, the Naira is rising.

Fundamentally, nothing has changed. But no matter what, we need to be happy that Naira is getting some help – rumour or not. It has come down from 1,000/$ to about 680/$ now. I hope it goes down to  N200/$ so that we can do reverse osmosis.

This triggered the jump of other currencies, particularly the yen, which has dropped 22% against the dollar this year, and the pound. The yen gained about 1.6% against the dollar, while yuan rose by as much as 1.3% to hit its highest in over a month against the dollar. The pound rallied 1.1% against the dollar to $1.1839, while the euro moved up to 1.5% to $1.0356, its highest since August.

But the naira gained far more than other currencies due to improved dollar liquidity in Nigeria’s FX market. The improved supply has been attributed to market speculation bordering on unconfirmed reports that the U.S. is ramping up dollar notes printed before 2021, to mitigate the amount of dollars in circulation – a step similar to the one taken by the Nigerian government.

BDC operators said there has been an uptick in dollar supply and low demand in the parallel market as dollar hoarders hurry to sell off their stockpile to avoid getting caught in the rumored U.S. plan.

Comment on Feed

Comment 1: What I want to know sir is why euro and pounds are also increasing? I feel the demand for dollars is far more higher than them so dollar should increase alone or at least increase more than them.

My Response: “What I want to know sir is why euro and pounds are also increasing? ” because there is no rumour that Brussels and London are planning to change/mop currencies. Only USD has that rumour now and that is why it is struggling. Your comment confirms the ascension is not based on any fundamental, otherwise Euro, GBP and USD will rise/fall in sync.

Comment 2: Thanks Prof as always, but I love this kind of fake news, because the fall was just too much.

Naira falling always weaken me despite being in the UK as we have plans to invest in Nigeria and FX has always been a concern.

Ndubuisi Ekekwe How can the government profer a lasting solution to the black market to restore some sanity to the Naira?

My Response: “How can the government profer a lasting solution to the black market to restore some sanity to the Naira?” – the strength of Naira comes from warehouses and factories. So, we need to have them in Nigeria.

Comment 3: Maybe our FG should approach the US Feds with an express proposal: volunteering to pay for dollar redesign. This would be much cheaper than spending billions of dollars fighting to defend the naira. Just pay for dollar redesign, and all the dollars hidden by Nigerians in raw cash across the globe will come outside. Who knows, naira could exchange for N250 for a dollar, and we will all live happily ever after.

Our exchange rate is never real, what is even real in Nigeria? You can still spot fake humans here, fake petrol subsidy payment, fake politicians, fake population figures. A strange land filled with lots of strange people.

Let the rumour continue, it’s a very positive rumour for our sorry naira.

Comment 4: My neighbor went to the bank last week to deposit some dollars into his domiciliary account. The notes below 2021 were rejected. Were banks acting on this speculations too?

Comment 5: Never sustainable in the long term. This is a perfect market and information is not assymetrical in any way.

Once the information is cleared, the market may resume it’s bullish roar. The govt needs to remove the bottlenecks.
Importation of fuel products must stop. Subsidy must go. The president must lay good example by not encouraging medical tourism. If we don’t remove those factors that exert pressure on Forex, in the long run it will still be status quo.

U.S. Dollar Drop and other Factors Driving Naira’s Comeback