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

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.

Transactions Fees on KuCoin to Incur 7.5% VAT for Nigerian Users

The cryptocurrency exchange KuCoin has stated that transaction fees will henceforth be subject to a 7.5% VAT. Those Nigerian users who have completed the KYC registration process will be hit by this new charge. The transaction fees, and not the overall transaction volume, will be subject to this VAT as

July 3, 2024 2 mins read

Pixelverse Integrates Solana-based Meme Coin Cat Character MEW

Pixelverse, a Web3 gaming ecosystem, plans to include the meme coin character MEW, based on Solana, into its real-time game rooster. The Pixelverse games operate inside the Telegram ecosystem, and this shift is expected to draw in new participants. The first meme coin based on Solana to be featured on TON will be MEW. Kori Leon,

July 3, 2024 1 min read

Robinhood Expands Services to New US Territories Amid Market Upheaval

The popular trading platform Robinhood has added additional US regions to its crypto offerings. This growth is happening when the cryptocurrency market is experiencing tremendous upheaval, which is causing some rivals to struggle. Robinhood’s move to expand its services shows how serious it is about increasing its crypto offerings and

July 2, 2024 1 min read

Cristiano Ronaldo and Binance Launch '7he Selection' to Celebrate 950 Career Goals

Chromia Announces Highly Awaited MVP Mainnet Launch for July 16

The MVP Mainnet launch for Chromia has been announced. Its relational blockchain network is scheduled to go live on July 16. In addition to marking the genesis of the native CHR token, the MVP Mainnet will provide the groundwork for the Chromia network. With its introduction, the MVP Mainnet will be able

July 2, 2024 2 mins read

OpenLedger Secures $8 Million Seed Round Led by Polychain Capital and Borderless Capital

OpenLedger, the sovereign data blockchain for AI, has secured $8 million in a seed round headed by Polychain Capital and borderless Capital. OpenLedger is the AI-specific sovereign data blockchain. OpenLedger gives developers the ability to use verified data to design smarter, more performant models by offering permissionless infrastructure for the

July 2, 2024 2 mins read

Can Cardano (ADA) Stage a Comeback After the 8% Decline?

Cardano Price Faces Correction After Brief Surge Amidst Volatile Market

Significant swings have recently occurred in the crypto market, with major cryptocurrencies performing terribly for quite a while now. Among the tokens impacted by these developments was Cardano (ADA). In recent months, Cardano’s market value has dropped significantly. Because of this drop in price, more than 66% of ADA investors

June 30, 2024 1 min read

HKMA and Banque de France Collaborate on CBDC and Tokenization

A MoU on bilateral cooperation on wholesale CBDC and tokenization was signed by the Hong Kong Monetary Authority (HKMA) and the Banque de France (BDF). Along with the many bigger initiatives in which the duo are involved, this effort is still ongoing. According to a statement from the HKMA, they

June 29, 2024 2 mins read

Blocksquare Unveils Real Estate RWA Launchpad with Community-Driven Marketplace Pools

Blocksquare, the RWA tokenization protocol, today announced the introduction of Oceanpoint v0.5, which features Marketplace Pools for community-driven, decentralized real estate investment and tokenization. The launchpad update gives community members and marketplace operators a more efficient way to raise funding for tokenized real estate investments. One of the launch’s main features, Marketplace

June 28, 2024 1 min read

Fhenix Announces Encryption Day Event in Brussels as an EthCC side event on July 9

Fully Homomorphic Encryption (FHE) Layer 2 blockchain Fhenix, has announced Encryption Day as an EthCC side event in Brussels. The one-day developer event, which will be held in the Belgian capital on July 9, will go over useful applications for ZK, FHE, and MPC inside the Ethereum ecosystem. Ethereum developers who

June 27, 2024 2 mins read

Synternet Launches Mainnet on Cosmos, Ushering New Era for Decentralized Data Economy

Synternet, the blockchain that powers modular data infrastructure across all major chains including Ethereum and Cosmos, has announced the launch of its mainnet on Cosmos. The achievement, which completes the Monaco phase, heralds in a new era for the decentralized data economy and allows $SYNT, the token of Synternet, to reach its

June 27, 2024 2 mins read