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Big Eyes Coin Continuous To Aim Towards A Potential 10X Return, While The Metaverse Giant Decentraland Suffers Alongside Strong Protocols Like Near Protocol

By
TI Partners
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0

Despite the unwanted hate around meme coins, there have been some rays of hope for emerging community-based cryptocurrencies that aim to solve real-world issues. While technical cryptocurrency projects aim to bring structural changes, projects like the Big Eyes Coin (BIG) are succeeding with the target of revolutionizing the restoration efforts for our beloved ocean. So let’s dive deep into the article and enrich ourselves with what’s happening in the community-based cryptocurrency market.

Big Eyes Coin (BIG): Next Generation Meme Coin

Big Eyes Coin (BIG) is one of the latest additions to the cryptocurrency world of meme and community-driven projects. According to the project’s representatives, the project’s sole purpose is to develop a standardized mechanism that will work as a cash funnel for the DeFi ecosystem. Since utility is an essential element in cryptocurrency projects, BIG has a significant utility in protecting the ocean. Our oceans are an undisputed essential component of the global environment and deserve our undivided attention. For this reason, Big Eyes Coin (BIG) is on a mission to improve its health by dedicating 5% of its total supply of BIG tokens. The project has a dedicated plan to distribute these tokens to reputable Non-governmental Organizations (NGOs) working in the marine restoration niche.

Although the project has dedicated a specific percentage for the cause, the administrative body of the project has planned to develop a self-sustainable income stream. For this reason, they came up with the idea of creating NFTs that will work as a self-propagating platform that will support the cause throughout the project’s journey.

How To Buy Big Eyes Coin (BIG) Tokens?

Big Eyes Coin (BIG) Token stands out from its competition by providing a seamless presale platform that will notify you of your purchase of the presale as soon as it’s over and the tokens are available for public trading. This will result in heavy profits for people getting into the project early. We suggest you get registered in the Big Eyes (BIG) Token’s mailing list to ensure you stay up to date on what’s new in the project.

Is Big Eyes Coin (BIG) Token a Good Investment?

The community-based cryptocurrency Big Eyes Coin (BIG) has a dedicated aim of restoring the quality and health of the with the help of preventative and restorative measures. For this reason, they require a significant amount of monetary help. Hence, the establishment of this platform ensures there is a seamless in-flow of cash in their DeFi ecosystem. All we need to do is support this grassroot level DeFi system that is primarily focused on succeeding in its charitable ventures. Moreover, the meme coin has the prettiest mascot in the cryptocurrency market which serves as a major reason to believe this project will be big.

Decentraland (MANA): The Best Metaverse Game

Decentraland offers its users a new artistic medium to express themselves; one can even use the platform as a means of a business opportunity or even a source of entertainment. Content creators, business owners, or just basically anyone can participate. Metaverse or the Decentraland comprises 90,601 separate LAND parcels; an NFT token ERC-721 presents each. The area of a single LAND is equal to 256 square meters and has specific coordinates within the Metaverse.

Though LAND owners have complete freedom to develop their plots into whatever they want, much of the Metaverse is split into various districts, each with its size and concept. Individual crowd sales for MANA tokens were used to create these districts, and LAND parcels in these districts cannot be sold.

LAND and MANA Tokens

Decentraland uses two tokens: MANA and LAND. In order for users to purchase non-fungible ERC-721 LAND tokens, they are required to burn the ERC-20 token, MANA. Moreover, holders can explore the Decentraland marketplace when they are holding MANA tokens to shop from a variety of items that include avatars, wearables, names, and other items.

LAND’s proximity to other points of interest, its capacity to host apps, and its identity mechanism are all benefits. Developers and other content creators need LAND to extend and reach their audiences. Even though customers can purchase all unclaimed LAND at the same exchange rate (1000 MANA = 1 LAND), LAND packages can be distinguished and swapped on different marketplaces at different rates.

How Is the Network Secured?

MANA is a cryptocurrency based on Ethereum (ERC-20). It’s decentralized because it’s built on the Ethereum blockchain. A massive decentralized network of miners protects Ethereum from attacks, collaborating with thousands of nodes to ensure the Ethereum blockchain—and hence the MANA tokens—is secure. Because it is one of the most battle-tested blockchains currently in use, Ethereum is the most preferred network for cryptocurrencies that do not have their original blockchain.

Where To Buy Decentraland (MANA)?

The MANA cryptocurrency currently has significant liquidity and can be purchased, traded, or sold on over 100 exchange platforms. The “Markets” section contains a complete list of available markets. MANA can currently be purchased with a variety of fiat currencies, including KRW and USD, and traded against Bitcoin (BTC), Tether (USDT), and Ethereum (ETH).

NEAR Protocol (NEAR): Layer-1 Blockchain Network

Alex Skidanov and Illia Polosukhin founded NEAR in the summer of 2018 after deciding to leave their prior entrepreneurial venture. As soon as Misha left MemSQL, the team grew from a few to nine employees in three days in August. The original squad consisted of seven engineers, with Erik in charge of company operations and Sasha in charge of market research. Today, the NEAR Collective is a worldwide spread set of teams of many different organizations and contributors who self-organize to deliver this innovation to reality. It isn’t a business meeting or anything close to that. Consider it in the same way as groups of individuals manage major open-source software projects.

The NEAR Protocol (NEAR) uses the NEAR native token, which lets users pay trading fees, operate apps, and spend space. For any data they keep on the system or for computations, NEAR programs must pay warehousing costs to the NEAR Protocol. The network partially “burns” or removes these tokens from circulation, limiting the availability of NEAR tokens in circulation. Exchanges are reliable and known to verifiers thanks to computers that run the NEAR Protocol (NEAR) software. Validators are rewarded for staking their tokens upon this NEAR blockchain to ensure its safety and authenticity. Each year, NEAR Protocol (NEAR) raises its token quantity by 5%, with validators receiving 90% of the newly released tokens. The rest goes to the blockchain’s treasury, which will fund platform growth.

Project Vision

The NEAR token, the native token of the NEAR protocol ecosystem, provides access to every user on the platform. These tokens are nearly similar to Ether. Thus it is a unique digital asset. NEAR Protocol strives to stand out in the competitive marketplace of Web 3.0 infrastructure providers by providing customized developer and user-friendly capabilities. The network participates in the governance and management processes and procedures that would influence the asset distribution and ensure the secure future of the technology. The NEAR token allows for cost-effective network synchronization and innovative behaviors throughout apps built on top of the graph.

The NEAR token can be earned by engaging in programming incentives, running a community that allows workers to develop on NEAR, winning a NEAR hackathon, or simply being an active user. The founders had the primary goal of creating an internet that brings every application on a decentralized platform that the community manages by itself and with no upper authorities to keep eyes on them.

Food For Thought

With the widespread acceptance of strong meme coins like Big Eyes Coin BIG) and industry leaders Dogecoin (DOGE) & Shiba Inu (SHIB), it’s a positive sign that the world realizes the importance of community-centric cryptocurrencies. Their acceptance is inevitable and needs to be normalized as soon as possible to ensure the money flow isn’t disturbed. Moreover, technically-strong cryptocurrencies with useful utilities like Decentraland (MANA) with its metaverse development and NEAR Protocol (NEAR) are transforming the ecosystem into a healthy place for crypto enthusiasts.

For More Information On Big Eyes (BIG):
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin

How Africa Will Develop: Europe/US Outsourced Factory Jobs to China; Africa Will Export Digital Skills to Them

By
Ndubuisi Ekekwe
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5

Europe and the United States contributed to the development of China when they outsourced low-level factory jobs to China. China’s industrialization policy would not have worked if it had not become the manufacturing capital of the world.

For years, African leaders have been plotting a strategy to clone that trajectory, expecting that it could disintermediate the linkage between Europe/USA and China by inserting itself, as an outsourcing hub, as wage rises in China, when compared with Africa.

In this Harvard Business Review article, I posited that it would be a huge mistake if Africa tries to pursue the same strategy which had worked for China. The core of my thesis is that what worked for China has expired since the factory jobs of the future in Europe and the US would be done by robots and AI systems. Consequently, African policymakers must develop a new developmental playbook that takes into realities of the present state of Africa.

Over the last few years, we have collected enormous data for Tekedia Capital for our investments. Among many options, Africa’s path to development will come by deepening its digital infrastructure around its young people. And once it does that through quality digital education and skill, it can remotely offer services to Europe and North America. In other words, while Europe and the US outsourced factory jobs to China, in the near future, they will outsource “digital jobs” in multifaceted ways to Africa. Yes, we will export digital creatives and remote work to them.

The implication is that young Africans will not need to leave the continent but would earn income remotely, and upon importing the income, many economies would be transformed at scale.  If we can educate more into the higher capability skills of AI, Africa will develop and in less than 25 years, we will experience industrialization. Nigerian youth alone can earn 3x Nigeria’s revenue from oil if a national policy on exporting digital skill is enacted and implemented.  That policy will rest on top-grade education with digital infrastructure to accelerate our evidential comparative advantages on creativity.

Feedback on Feed

Comment 1: Well written, Prof! Also, I think that one of the main factors that spurred China’s economic growth was import substitution industrialization, in which they replaced foreign goods with goods manufactured locally. This economic policy encouraged domestic infant companies and made the country less reliant on foreign goods. If this policy could work in China and other places, it definitely will work in Africa.

My Response: China’s local consumption was insignificant to have lifted it. That was not what transformed China. Understand that China was not a member of WTO before the rise. So, it never had a problem of having to replace foreign goods because it imported few. What changed China was when it joined the WTO, it found a way to use its highly educated youth to make things for the world (not to replace imports). China has 99% primary education enrollment (it does not pay attention that much to university education, only 10% attainment. It puts all the good funds in basic education).

Comment 1a: Prof Ndubuisi Ekekwe I agree with you that China’s economy was not driven by consumer spending. However, by implementing ISI, China was, in part, able to become an export-oriented economy. This, in addition to US outsourcing jobs to China and China’s admission into the WTO, as you mentioned, influenced the country’s economic growth.

My Response: The use of the phrase “import substitution” in China could be problematic because China never really imported much. You could write “self reliant” making the case that it produced what it needed without a need for import. That distinction is important.

Comment 2: The solution to ASUU strike is AUTONOMY. Each University should be operated independently with IGR contributing 70% of its revenue and Government contributing 30% grant. The Universities will pay its staff salaries according to its revenue capacities with a cap on the minimum wage a lecturer should be paid.T SA will no longer apply to an autonomous University!
At the end of the year, each University will declare profit or loss and its balance sheet be publicly declared. The EFCC will be called and external auditors invited to scrutinize the accounts.
This way there will never be a national strike again. There can be local problem with a University, but it will be limited to that University and be resolved at that level.

My Response: “The solution to ASUU strike is AUTONOMY” – that is a political decision since that will mean schools not coordinating admissions from JAMB. JAMB needs to conduct the exams as they do with SAT in US, and leave the rest to schools. But politicians will be concerned.

Nigeria Uncovers 54,000 Payroll Fraud In IPPIS

By
Ojukwu Emmanuel
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0

The federal government of Nigeria recently stated that it has uncovered about 54,000 fraudulent payroll fraud in its Integrated Personnel And Payroll Information System (IPPIS).

This was disclosed by the National security Adviser (NSA), Major General Babagana Monguno (rtd) at the National policy dialogue on corruption and security, organized by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

The IPPIS is a uniform payroll payment system that was introduced in Nigeria in 2006, designed for the civil service and managed by the office of the Accountant-General of the Federation, to ensure centralized payment of salaries, ease convenient staff remuneration payment with minimal wastage, updating, and retrieval of personnel records for administrative and pension processing, aid manpower planning and budgeting, among others.

While speaking on the 54,000 payroll fraud uncovered, Gen. Monguno attributed the discovery to the expansion of the coverage of IPPIS against stiff opposition from some quarters in the country, for example, the Academic Staff Union Of Universities(ASUU).

He further revealed that corruption had hindered the government’s ability to offer a better life for its citizens, and this has negatively affected the country.

Monguno noted that despite stiff opposition to the system, the Buhari-led administration will not change its judgments on the use of IPPIS, adding that the Treasury Single Account saves N4 billion per month, which he alleged could have been stolen by corrupt individuals.

In his words;

”For instance, the dogged implementation of the Treasure Single Account in which more than 90% of all Ministries Departments and Agencies of the Federal government has resulted in the consolidation of more than 17,000 bank accounts previously spread across deposit money banks in the country, leading to monthly savings of about N4bn in bank charges.

”Furthermore, the expansion of coverage of the Integrated Personnel and Payroll Information System against stiff opposition from some quarters and deployment of the Bank Verification Number to validate federal government payroll on the IPPIS platform has led to the detection of almost 54,000 fraudulent payroll entries.

“The whistleblower policy has also facilitated the cleansing of IPPIS compliance on TSA and saving of huge sums of money.

“Meanwhile, the Presidential Advisory Committee Against Corruption in the discharge of its mandate was also the system anti-corruption agency to obtain forfeiture of assets suspected to have been fraudulently acquired from the state treasury before the culprits are prosecuted.”

He further disclosed that the Buhari-led administration is still committed to eliminating corruption in both the public and private sectors and that its anti-corruption campaign is still effective.

See what he said;

”At this juncture, permit me to emphatically state that successive governments in Nigeria have over the years risen to the occasion through emplacements of various measures and policies as well as the establishment of statutory institutions such as the ICPC and EFCC to combat this problem.

”The anti-corruption stance of the present administration of President Major General Muhammadu Buhari (retd) is firmly anchored on his fore-mentioned assertion and it is vigorously being pursued across all spheres of governance including the private sector with appreciable outcomes”.

NCC Issues Warning About Five Google Chrome Extension Malware

By
Samuel Nwite
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0
A computer screen with program code warning of a detected malware script program. 3d illustration

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has issued a warning about browser-based malware.

The CSIRT, the telecom sector’s cyber security incidence centre set up by the NCC to oversee and address issues affecting consumers in the telecom industry, identified five malicious Google Chrome Extensions that surreptitiously track online browser’s activities and steal their data, according to a statement issued yesterday by the NCC’s director of public affairs, Reuben Mouka.

The identified five malicious extensions were earlier discovered by the McAfee Mobile Research Team. There are as follows: Netflix Party with 800,000 downloads, Netflix Party 2 with 300,000 downloads, Full Page Screenshot Capture Screenshotting with 200,000 downloads, FlipShope Price Tracker Extension with 80,000 downloads, and AutoBuy Flash Sales with 20,000 downloads.

The NCC-CSIRT said the five google chrome extensions identified have a high probability and damage potential and have been downloaded more than 1.4 million times and serve as access to steal users’ data. The telecom sector-focused cybersecurity protection team alerted telecom consumers to be cautious when installing any browser extension.

“The users of these chrome extensions are unaware of their invasive functionality and privacy risk. Malicious extensions monitor victims’ visits to e-commerce websites and modify the visitor’s cookie to appear as if they came through a referrer link. Consequently, the extensions’ developers get an affiliate fee for any purchases at electronic shops,” the advisory said.

In addition, the advisory stated that, although the google team removed several browser extensions from its Chrome Web Store, keeping malicious extensions out may be difficult. The NCC-CSIRT, thus, recommended that telecom consumers observe caution when installing any browser extension.

“These include removing all listed extensions from their chrome browser manually. Internet users are to pay close attention to the promptings from their browser extensions, such as the permission to run on any website visited and the data requested before installing it. Although some extensions are seemingly legit, due to the high number of user downloads, these hazardous add-ons make it imperative for users to ascertain the authenticity of extensions they access.” the advisory stated.

Google Chrome extensions are software programmes that can be installed into Chrome in order to change the browser’s functionality. This includes adding new features to Chrome or modifying the existing behavior of the program itself to make it more convenient for the user. They serve purposes such as block ads, integration with password managers and sourcing coupons as items sent to a shopping cart.

The latest warning has added to the flames of malware attacks that have seen an uptick in recent times. In 2021, there was an alarming 105% surge in ransomware cyberattacks across the globe.

Governments were the most attacked with a worldwide increase of 1,885% while the healthcare industry saw a 755% increase in those attacks in 2021, according to the 2022 Cyber Threat Report released by SonicWall, an internet cybersecurity company.

The attacks, which are designed to cripple people or businesses by making their computer systems unusable until they pay ransom, has become one of the biggest threats to online businesses. The increase in ransomware was attributed to the covid-induced shift to remote work and company employees working outside their office networks. The first half of 2022 has seen only 11% increase, following the reopening of offices.

Crypto Investors Sue U.S Treasury Department For Banning Crypto Platform, Tornado Cash

By
Ojukwu Emmanuel
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0

Recall that non-custodial fully decentralized cryptocurrency tumbler that runs on Ethereum virtual machine-compatible networks, Tornado cash was banned last month by the U.S government to prevent hacking, and other cryptocurrencies crimes.

Recently, a group of irate crypto investors have sued the U.S treasury department to block government sanctions that bar Americans from Tornado Cash.

These investors filed a lawsuit in the federal court in the Western District of Texas, which is funded by cryptocurrency exchange Coinbase, accusing the U.S government over its increasingly stringent regulation of digital assets.

The suit argues that the Treasury Department overstepped its legal authority by banning Tornado Cash which violates their rights and jeopardizes their capacity to conduct free and private financial transactions.

Following these claims, the U.S Treasury Department did not immediately respond. The department had previously announced last month that it placed Tornado cash on a backlist to prevent hacking and money-laundering which the platform has been reportedly known for.

The tumbler was flagged as a money laundering platform, with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. It was reported that a substantial magnitude of the illicit funds have lost their trail after going through the mixer.

According to a  report by blockchain security platform SlowMist, 74.6% of stolen funds (or nearly 300,160 ETH) on the Ethereum network were transferred to the controversial cryptocurrency tumbler during the first half of 2022.

This prompted angry reactions from Industry groups who argued that the crackdown would cut off access to a critical tool for preserving privacy.

However, the U.S treasury department, stated that the  so-called cryptocurrency mixer, Tornado Cash is designed to make it harder for law enforcement officials and other observers to track crypto transactions.

It revealed that every time two people exchange digital currency, the transaction is recorded on a public ledger called a blockchain, which anyone can analyze to trace the movement of funds.

But when people route their cryptocurrency through the mixer, streams of funds are combined to obscure where the money originated from, which makes it a preferred tool for criminals to perpetuate crime.

This year, it was reported that a North Korean-backed hacking group used Tornado Cash to launder more than $455 million, according to the U.S Treasury Department. In total, the department has said, the service has helped criminals launder $7 billion in virtual currency.

Crypto supporters have issued a rebuttal to these claims, stating that mixers are a neutral tool, which is often used by those who simply want to protect their privacy.

They argued that unlike some other crypto privacy services, Tornado Cash is not a traditional company run by a team of executives. It is a set of “smart contracts”  pieces of code that operate independently of any entity.

“It’s important that the law’s distinction between people and code be respected,” said Paul Grewal, Coinbase’s chief legal officer. “If that disrespect is allowed to stand, there could be all sorts of other ways in which statutes are twisted and bent to apply to crypto in ways that they shouldn’t be.”

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