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3 Coins Predicted To Succeed Amid The Bear Market: Feed3, Ethereum, And Ravencoin

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As the cryptocurrency market expands, several cryptocurrencies are pushing through the boundaries, bringing new solutions to the problems plaguing the crypto world amid the current crypto bear market. Feed3 (FD3) is a new cryptocurrency currently creating a buzz in the cryptoverse and raising enthusiasts’ expectations.

Crypto experts have tipped Feed3 (FD3) for success alongside Ethereum (ETH) and Ravencoin (RVN), leaving market enthusiasts wondering what is special about these altcoins. This article explores these cryptos and why they have been tipped for success amid the bear market.

Feed3 to Enable New Income-Generating Means

Feed3 (FD3) is a new gaming finance (GameFi) token currently in its presale. Feed3 (FD3) aims to create a difference by becoming the blockchain industry’s first feedback-to-earn (FB2E) protocol.

The Feed3 (FD3) project will enable users to give feedback on blockchain-based games that they play. Alongside enabling users to participate in play-to-earn (P2E) gaming, Feed3 (FD3) will also allow them to earn Feed3 (FD3) token rewards and incentives for their feedback.

The Feed3 (FD3) project will also benefit game brands and developers by providing them with the means to easily and cost-effectively collect feedback from players. This, in turn, will facilitate the constant development and modification of games to suit players’ tastes and demands.

Experts believe Feed3’s (FD3) combination of the revolutionary FB2E and P2E models will enable the new cryptocurrency to succeed amid the bear market. According to experts, Feed3 (FD3) is a profitable gaming token to invest in 2022 due to the innovative approach that could see it return 1000x profit upon launch.

If you are seeking a new cryptocurrency with huge growth potential to buy during the current bear market, consider adding Feed3 (FD3) to your crypto portfolio.

Ethereum: Bitcoin’s Worthy Challenger

Ethereum’s (ETH) price nosedived following the bear market. Nevertheless, Ethereum (ETH) remains on top of the charts, with its ecosystem becoming stronger daily.

Ethereum’s (ETH) transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) mechanism is a step in the right direction for the biggest altcoin and smart contract network. Ethereum’s (ETH) new PoS system is helping it achieve faster speeds, improved scalability, and sustainability.

Experts say that Ethereum (ETH) is on course to witness a surge in adoption despite the bear market. At the time of writing, global enterprises that once shied away from the blockchain network due to the shortcomings associated with PoW are now looking to adopt Ethereum (ETH), thanks to its onboarding of the PoS model.

Consequently, experts believe Ethereum (ETH) could outperform Bitcoin (BTC) to become the largest crypto in market capitalization. Analysts have predicted its price to reach an average of $7500 by 2025 and above $12,500 by 2030 if market conditions remain favorable.

Ravencoin: Create and Transfer Assets Efficiently

RVN powers Ravencoin, a peer-to-peer (P2P) blockchain that caters to the efficient creation and transfer of assets from one party to another. Ravencoin (RVN) enables users to create assets representing anything from real-world custodial objects like gold, physical money, virtual goods, and more.

Ravencoin’s (RVN) cryptocurrency market success is down to the altcoin project solving the problems associated with asset transfer and trading over the blockchain. Experts believe this unique offering will enable Ravencoin (RVN) to succeed, as its adoption and usage could increase exponentially now and beyond the bear market.

Analysts predict that if market conditions remain favorable, Ravencoin (RVN) will skyrocket beyond expectations to trade between $0.36 and $0.42 by 2028.

Concluding Remarks

Experts believe Feed3 (FD3), Ethereum (ETH), and Ravencoin (RVN) have a promising future and will outperform and withstand the bear market. Ethereum (ETH) and Ravencoin (RVN), two already established cryptocurrencies, are banking on their growing ecosystems and offerings to sustain their successes.

However, Feed3 (FD3) will leverage its hybrid FB2E and P2E model to drive market adoption. Feed3 (FD3) has been tipped for market success, and we concur.

Why not click on the links below to gain Feed3 tokens at a bargain price in its presale:

Presale: https://feed3.io/buy#buy-area  

Website: https://feed3.io

Telegram: https://t.me/Feed3Official

Bear Market Bargain Coins: Big Eyes Coin and Avalanche

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Smart investors know better than to put all their eggs in one basket when it comes to cryptocurrency, given its history of extreme volatility. Although the cryptocurrency market as a whole has been on a downward trend recently, crypto traders and investors can still make money on certain tokens.

Although some traders and investors are selling their holdings, others are using the current bear market to their advantage by buying tokens with bright futures and keeping them long-term in the hopes of making a profit once the market turns around. If you had invested in cryptocurrencies during the bear market, you would have made significant gains when the bull market eventually came around.

Given the current bear market in cryptocurrencies, savvy investors now have the opportunity to acquire valuable crypto assets at significantly reduced prices.  Avalanche (AVAX) and Big Eyes Coin (BIG) are two cheap tokens to buy in the current market phase. In this article, we will explore the fantastic characteristics of these cryptocurrencies.

Avalanche (AVAX) – The Popular Platform

Avalanche (AVAX) is a robust, flexible, and secure blockchain platform for building and releasing distributed, highly scalable applications and smart digital assets. It processes a large number of transactions that can be processed in a short time by utilizing consensus methods on a network of millions of nodes.

As a unified system, Avalanche (AVAX) protects the confidentiality of its users. The Avalanche token, or AVAX, serves as a security and a medium of exchange. Users with more regular staking have a greater chance of winning awesome prizes.

The local currency, AVAX, is used for everything in the ecosystem, including purchases, user rewards, and voting. The Avalanche network is rapidly expanding into new use cases and is already one of the market’s leading NFT suppliers.

Avalanche (AVAX) tokens can be used for buying, selling, staking, and storing value. Those who have the token can also vote on matters of governance. Avalanche was developed to swiftly outperform Ethereum and other blockchain platforms with three blocks.

Big Eyes Coin (BIG) – The New Meme Coin to Look Out For

Big Eyes Coin (BIG) has chosen a lovely cat with big eyes to represent the cryptocurrency as its official mascot. BIG is the governance token for Big Eyes Coin, an Ethereum-based cryptocurrency.

Big Eyes Coin is designed to encourage community ownership. Through participation in the cat community and using Big Eyes Coin’s native token, BIG, users will gain the benefits of ownership.

Voting and making suggestions are two ways users will contribute to finding essential solutions. The ecosystem encourages this kind of social interaction because it benefits the users.

Big Eyes Coin will make 90% of its supply available. 70% will go to the presale, with 20% going to cryptocurrency exchanges. The Big Eyes Coin network will provide a tax-free network. It will be a massive community-driven effort to outperform many other cryptocurrency ventures.

To find out more about Big Eyes Coin (BIG), visit the links below:

 

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Nigeria Announces Plan to Convert N20tn CBN’s Ways and Means Loans to 40-year Bonds

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President and CBN boss

As Nigeria continues to grapple with growing public debt, the federal government, overwhelmed by debt-servicing, has been pushing to restructure its debt.

Although last week, the Minister of Finance Budget and National Planning, Dr Zainab Ahmed, denied a report that Nigeria has asked both the International Monetary Fund (IMF) and the World Bank to restructure its debt, the recent government’s move shows that the report is not far from the truth.

The minister has announced that President Muhammadu Buhari has approved plans to convert more than N20 trillion Ways and Means loan from the Central Bank of Nigeria’s (CBN) to 40-year bonds.

“The total Ways and Means today is 20 trillion and we have the approval to securitize. The securitization will be over in a 40-year period with an interest rate of 9%. But over the years, we have been paying the interest component at the current rate that is charged on the Ways and Means,” she said.

The approval underscores how tight public finance has become under Buhari, whose administration has taken Nigeria’s public debt portfolio to N42.8 trillion as of August this year. The public debt portfolio does not include the N20 trillion from the CBN’s Ways and Means, which climbed to N22 trillion in August, representing a 36% increase year-on-year

The CBN has in the last five years, illegally provided the federal government with the loan, which the Buhari’s administration obviously can’t repay now due to Nigeria’s current economic turmoil. Thus, the Buhari’s administration has chosen to bequeath it to future governments.

“It is a one-time restructuring repayable over 40 years with a moratorium. The timing of the conversion will be announced after the government seeks approval from the cabinet and lawmakers later this year,” Patience Oniha, head of the country’s debt management office, told Bloomberg in a text message.

Ahmed, who disclosed the approval at the Ministerial Presentation of the 2023 budget at the Ministry of Finance Headquarters in Abuja, also said that total public debt as a percentage of GDP recorded a decline of 2.64% in 2021 from 2.7% the previous year – and the decline is expected to remain stable throughout the year.

“The total public debt as a percentage of GDP stood at 23.06% as of June 30, 2022, within the 55% threshold recommended by the International Monetary Fund (IMF)/World Bank (WB) as well as Nigeria’s self-imposed limit of 40% set in the MTDS 2020-2023, even after including the outstanding balance on CBN Ways & Means Advances.

“The Target Ratio under the MTDS 2020-2023 is 70:30 and that the Debt Management Office was expecting to achieve the target by end of 2023,” Ahmed said.

She further said that the exposure to refinancing risk remained stable as a result of the strategy of issuance of long-dated securities in the domestic and international markets in addition to accessing long-term funds from multilateral and bilateral lenders.

But she expects the country’s total debt stock to increase to about 35% of gross domestic product from 23% after the central bank loans are converted.

Nigeria has resorted to borrowing to offset its public finance since 2015, following a decline in the country’s oil revenue. With two recessions and rising inflation, the economy has been on steady decline – forcing the government to turn the central bank into a cash-cow through the Ways and Means loans.

Experts believe that it spells doom for the future. Compared to the Asset Management Corporation of Nigeria (AMCON)’s N5 trillion debt that is believed to have contributed to Nigeria’s current double-digit inflation, a N20 trillion debt is expected to unleash worse economic consequences.

Against this backdrop, experts said that debt servicing is expected to rise to N4 trillion, representing 20% of the budget for 2023, while debt servicing to government revenue would likely rise to 180%.

“With the N20tn to be offloaded at an unrealistic 9% coupon, Buhari’s govt. is setting a big trap for the next govt.,” Seun Onigbinde, executive director, BudgIT said. “That’s putting a burden of at least N1.8tn annual debt servicing on governments for the next 40 years. Crisis.”

No Movement on Election Day in Nigeria is Unlawful and Unconstitutional

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Nigeria is just a few more months to the 2023 presidential/ general election and it is pertinent to remind INEC and other agencies of the government that are in charge and control of elections in Nigeria once more that restricting movements on Election Day is unconstitutional, unlawful and contravenes the fundamental freedom of movement of citizens as provided in S.41 of the Constitution of the federal republic of Nigeria and subsequently provided for in Article 12(1) of the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act, Cap A9, Laws of the Federation of Nigeria, 2004. 

The Nigerian government has a penchant for declaring “no movement” on Election Days and those found moving around are sometimes arrested, harassed, intimidated, and brutalized by state security agencies for “loitering” and this should never be the case. 

Elections should be like every other day in Nigeria, it is the day the citizens exercise their franchise and the government should not in its quest to get the citizens to exercise a fundamental right abuse another critical fundamental right. Elections should never be a ground where citizens’ freedom of movement is restricted. 

Freedom of movement should be unqualified and the only instance when a citizen should be denied this freedom is when he has been restrained by the order of the court because he is being tried for a crime he is accused of or if he has been sentenced to committal/ detention as a punishment for a crime he is been found guilty of or when the government declares state of emergency to curb and quell insecurity and disorderliness. These are the instances known to the law that a citizen’s right to movement can/should be restricted, any other instance, be it elections, is totally unlawful and unconstitutional. 

In the case of Mallam Nasir Ahmad el-Rufai V. State Security Service (SSS) & the Attorney General of the Federation, The federal high court sitting in Awka held that the government nor its security agencies have no power or right to restrict a citizen’s movement thereby denying a citizen his fundamental right of movement on the bases of the election. Any act of the government or its security agencies restricting the movement of citizens merely because it is Election Day is totally unlawful and unconstitutional. 

In the above case, in November 2013 during a governorship election in Anambra state, Mallam Nasir Ahmad el-Rufai (who is currently the executive Governor of Kaduna State) was an official of the APC and was sent by his party to Anambra state to monitor the governorship elections and feedback reports to his party, when he got to Anambra state, the State Security Service told him that he is not allowed to move out of his hotel room stating that it is the directive from “above” that no citizen is allowed to move around in the state; moving around is only for the purpose of a person going to his polling unit to cast his vote, any other form of movement other than that is totally prohibited.

After the incident, Mallan Nasir Ahmad el-Rufai was aggrieved and he decided to enforce his fundamental human right to movement as provided in section 41 of the Constitution of the federal republic of Nigeria, the court while laying emphasis on the fact that restricting citizens’ movement merely on the bases of election is unlawful and unconstitutional awarded damages on his behalf

Five Key things to note about the New Nigerian Startup Act

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The president assented to the Nigerian Startup Act, yesterday, the 19th of October, 2022. This new law basically, is to ameliorate the huddles technology innovation and tech-centric startups have been facing in Nigeria and make that sector highly attractive for investors both foreign and local investors to invest in it.

These are five key points of the new act that you may want to pay much attention to:

In order to attract foreign investors, the act provided in S.40 for easy repatriation of capital and profits by foreign investors. One of the major hurdles foreign investors encounter while investing in a Nigerian business is the repatriation of their capital and gains back to their home country. This law has made provisions to ensure that foreign investors will no longer encounter this challenge.

This new act provides for Tax reliefs and other fiscal incentives like pioneer status schemes for tech startups in Nigeria. Although there are condition precedents before you can enjoy these incentives. Tech startups can enjoy tax breaks for a period of four after their inception/labeling years while their founders can also enjoy some tax reliefs. This is the provision of S. 24 of the act.

This new act established Startup Investment Seed Fund to provide capital/ seed funding for tech startups that may have struggles with raising seed capital for scaling. Every labeled startup is qualified and eligible to apply for this seed fund and this is the provision of S. 19 of the act.

Tech startups have access to grants and loans from CBN and other financial institutions of the government. Some of these loans are interest-free while some attract minimal interest and a flexible repayment period. This loan and grant are totally different from the seed funding we earlier talked about. This is the provision of S. 28 of the act.

Finally, for the purpose of driving technological innovations to the grassroots in Nigeria, this new act proposed the establishment of tech hubs and innovation parks across the 36 States of the federation and the federal capital territory. This is the provision of S. 43.