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Ashfaq

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.

Posts by Ashfaq

Recent Market Selloff Signals Recession Fears Amid Global Financial Shifts

Cantor Fitzgerald Announces $2 Billion Bitcoin Lending Program

The announcement of a Bitcoin lending program was made at the Bitcoin 2024 conference on Saturday, July 27, by billionaire Howard Lutnick, who is also the Chairman and CEO of the financial services business Cantor Fitzgerald. The company made its Bitcoin holdings public and argued for Bitcoin’s legalization in the

July 28, 2024 1 min read
The country's vice president, Kashim Shettima, has said that Nigeria is prepared to surpass other developed nations economically and technologically. As part of Nigeria's plan for digital transformation and leadership in Africa, Shettima revealed this on Tuesday when he inaugurated the AI Expertise Blockchain and Technology Training and Outsourcing Initiative in Dutse, the capital of Jigawa State. In collaboration with the prominent tech firm Gluwa, the AI Expertise Blockchain and Technology Training and Outsourcing Initiative seeks to provide training in artificial intelligence, blockchain, and other cutting-edge technologies to 1,000 Nigerians every year. The Vice President urged Nigerian youngsters to embrace the initiative, stating that it is critical to the country's economic future, at the initiative's debut at the Yakubu Gowon NYSC Orientation Camp, Fanisau, Dutse. According to him: “We are not merely catching up with the rest of the world; we are poised to overtake them. This initiative offers its beneficiaries the chance to become part of a global workforce, driving innovation that will shape our future”. Together with outlining the initiative's wider goals, he said that the federal government is aiming to establish a nationwide network of tech centers that would sustain Nigeria's economic development for many years to come. The Vice President expressed gratitude for the collaboration with Gluwa, saying it is in line with President Tinubu's plan to transform Nigeria's digital technology space. He praised Gluwa for empowering Aella Microfinance Bank and enabling the flow of nearly N100 billion to two million Nigerians, while also acknowledging the substantial impact of the company. Jigawa State Governor Umar Namadi highlighted the significance of the initiative in his previous speech, calling it a unique chance that is right at the young people's doorstep. According to him, the new initiative prioritizes innovation and digital technologies and is in line with Jigawa State's 12-Point Agenda as well as the federal government's Renewed Hope Agenda. The governor went on to announce the creation of a new ICT & Digital Economy Agency, stating, that they are more committed than ever to re-establish Jigawa State as a significant ICT hub in Nigeria. Shettima had earlier announced the launch of the fourth iteration of the Expanded National Micro, Small, and Medium Enterprises (MSMEs) Clinic, revealing that President Bola Tinubu had issued an executive order directing the federal government to provide N150,000 grants to each state's business owners as part of its support for MSMEs nationwide. He said that the N150,000 that the president had allocated to each MSMEs was an outright grant that did not need to be repaid. One of the federal government's initiatives to facilitate business in Nigeria is the Expanded National MSME Clinics. These are a series of business forums that are arranged throughout the nation to offer MSMEs immediate solutions to problems they face. The first, second, and third editions of the clinics were introduced earlier this year in the states of Benue, Ogun, and Ekiti, respectively. The MSMEs sub-sector, according to Shettima, is the backbone of the country's economy and has been a top priority for the Tinubu administration. They not only account for over 45% of Nigeria's GDP and 96% of all businesses in the country, but they also provide a vital lifeline for 80% of the workforce. Malam Umar Namadi, the governor of Jigawa State, had earlier expressed gratitude to the federal government for granting the state's citizens dividends of democracy via the MSME Clinics and other similar initiatives dispersed around the region. Namadi called the initiative a unique chance for operators in the state's small business sector and encouraged both current and prospective entrepreneurs to use the services offered by the clinics.

Nigeria Unveils Ambitious AI and Blockchain Training Initiative in Collaboration With Gluwa

The country’s vice president, Kashim Shettima, has said that Nigeria is prepared to surpass other developed nations economically and technologically. As part of Nigeria’s plan for digital transformation and leadership in Africa, Shettima revealed this on Tuesday when he inaugurated the AI Expertise Blockchain and Technology Training and Outsourcing Initiative

July 24, 2024 3 mins read
Bhutan Unveils Gold-Backed SOVEREIGN TOKEN TER

SSV Network DAO Introduces Two New Programs to Boost Community Engagement

The SSV Network protocol’s governing organization, SSV Network DAO, has revealed two brand-new community initiatives. SSV community engagement and participation will rise as a result of the SSVDivers Ambassador Program and Community Associates Program, which both provide incentives for participation. The goal of the SSVDivers Program is to provide community members

July 22, 2024 3 mins read
Vitalik Buterin Hails Ethereum's Resilience Over Supermajority

Ethereum’s Vitalik Buterin Highlights Decentralization Differences with Bitcoin

Vitalik Buterin, co-founder of Ethereum, has distinguished Ethereum’s decentralization to that of Bitcoin and other networks in great detail. As experts see models moving away from the heart of blockchains, the centralization of mining and staking has remained a controversial topic. While discussing the mainnet and layer 2 solutions, Buterin

July 20, 2024 1 min read
ExSat Collaborates with BitTrade to Boost Bitcoin’s Scalability and Security

ExSat Collaborates with BitTrade to Boost Bitcoin’s Scalability and Security

With great excitement, exSat announces that BitTrade will become one of our network’s prestigious Data Validator nodes. With this collaboration, we will work with a licensed institution for the first time, greatly bolstering scaling solutions via the exSat Docking Layer and improving the Bitcoin ecosystem. exSat: Bitcoin’s Docking Layer ExSat is

July 18, 2024 3 mins read
Flare Launches a Flare-Native High-Yield ETH LST 'flrETH'

Stargate Integrates Flare, Linking Liquidity Across 25 Chains

Omnichain liquidity transport protocol Stargate officially announced that Flare, the blockchain for data, has been integrated. Stargate V2 now incorporates the Flare network, which links it to over 25 chains and permits free flow of liquidity. A crucial link between Flare and more than 25 chains, including as Ethereum, Arbitrum, Optimism, and

July 18, 2024 3 mins read
Zivoe Announces Launch of RWA Credit Protocol to Boost Credit Accessibility

Zivoe Announces Launch of RWA Credit Protocol to Boost Credit Accessibility

Zivoe, a Real-World Asset (RWA) credit protocol, is excited to announce its forthcoming launch, with a targeted launch date of July 31. This event represents a critical turning point in the use of blockchain technology to democratize credit accessibility. Zivoe connects on-chain liquidity with actual borrowers in an effort to increase credit access.

July 18, 2024 2 mins read
Blockchain Leaders Summit Tokyo 2024 Sponsors Announced by Hashed and B Dash Ventures

Blockchain Leaders Summit Tokyo 2024 Sponsors Announced by Hashed and B Dash Ventures

The Japanese venture capital firm B Dash Ventures and the blockchain-focused investment firm Hashed have disclosed the names of the sponsors and keynote speakers who will be participating in the Blockchain Leaders Summit Tokyo 2024. On July 24, 2024, Hashed and B Dash Ventures are organizing a conference that is exclusive invitation-only and

July 17, 2024 3 mins read
Binance Research Report Highlights Ten Powerful Trends Reshaping Crypto in 2025

Binance Research Releases Half-Year Report Highlighting Crypto Market’s Trajectory

Halfway through 2024, total crypto market capitalization maintained its ascent, reaching over $2.27T, reflecting a 37.3% gain year-to-date, after a robust 2023. Gains were concentrated in the first three months of the year, when they increased by a substantial 60.2%. The cryptocurrency market lost some of its gains and sank

July 16, 2024 3 mins read
Satoshi Protocol Secures $2 Million Seed Funding to Boost Developments

Satoshi Protocol Secures $2 Million Seed Funding to Boost Developments

Satoshi Protocol, the first stablecoin protocol backed by Bitcoin, has secured $2 million in its seed round. Leading the fundraising round were CMS Holdings and RockTree Capital, with participation from prominent angel investors, Metalpha, Optic Capital, Side Door Ventures, and Cypher Capital, a multi-strategy crypto investment firm. With the help of the seed

July 16, 2024 1 min read
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