Nayazunissa

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.

Posts by Nayazunissa

White House Opposes FIT 21 Bill, Citing Inadequate Investor Protections

Binance CEO Predicts Bitcoin to Cross $80,000 by End of 2024

Richard Teng, the current CEO of Binance, according to Bloomberg has stated that he thinks bitcoin (BTC) will reach $80,000 by the 2024 end. According to Teng, “with supply reducing and demand continuing to come through,” he anticipates that the biggest cryptocurrency in the world will surpass his earlier prediction

March 18, 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.

Nigerian SEC Proposes Significant Fee Hikes for Crypto Exchanges

The SEC in Nigeria has suggested an increase in the registration cost for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000), as part of an update to the regulations that govern platforms providing crypto services. According to the SEC, the purpose of the proposed amendments was

March 17, 2024 1 min read

Starbucks’ Odyssey NFT Program Set to Close Amid NFT Market Downturn

Odyssey, Starbucks’ two-year NFT Program, will come to a close at the end of the month. The news was first shared by Steve Kaczynski, who is the community lead for Starbucks Odyssey. The decision is made at a time when the NFT market is going through a tough patch, with

March 17, 2024 2 mins read

Bitcoin Investor Allocation Portfolio Surpasses Gold as per JPMorgan

After taking volatility into account, a JP Morgan analyst claims that Bitcoin is currently more heavily allocated to investor portfolios than gold. Investors’ allocation to Bitcoin (BTC) is 3.7 times more than that to gold, according to JPMorgan managing director Nikolaos Panigirtzoglou, who allegedly said this after accounting for volatility.

March 15, 2024 2 mins read

Polkadot (DOT) Faces User Exodus and Bearish Pressure

Polkadot SDK for Unity Streamlines Web3 Game Development on Interoperable Blockchain

The introduction of a new Software Development Kit (SDK) that developers may utilize to build dApps on the network has given the Polkadot gaming ecosystem a boost. The integrated SDK serves as a simple point of entry that links development software features straight into the Polkadot ecosystem. This endeavor comes after

March 15, 2024 2 mins read

Crypto Exchange Binance Burns 1.19B LUNC Tokens in 25th Burn Batch

Crypto Exchange WEEX Joins LUNC Token Burn Initiative

Another cryptocurrency exchange has joined the Terra Luna Classic community’s token burn initiative in an effort to decrease the amount of LUNC in circulation. Similar to Binance’s 50% LUNC burn mechanism, Singapore-based crypto futures trading platform WEEX has pledged to burn 30% of LUNC trading fees. In a post on

March 14, 2024 2 mins read

Economist PPeter Schiff Criticizes US Inflation, Blames Trump-Era Policieseter Schiff Criticizes Michael Saylor's Bitcoin Advocacy

Bitcoin Opponent Peter Schiff Regrets Not Investing in BTC Earlier

A prominent Bitcoin opponent, gold advocate Peter Schiff, now says he wishes he had purchased Bitcoin (BTC) in 2010, when a coworker first introduced him to the cryptocurrency. While speaking on March 13th with Raoul Pal, co-founder and CEO of Real Vision, Schiff intimated that he missed the early Bitcoin

March 14, 2024 2 mins read

MetaMask and Mastercard Collaborate on Groundbreaking On-Chain Payment Card

Prominent Ethereum-based crypto wallet MetaMask is reportedly working with Mastercard to test an all-on-chain payment card. The advertising materials state that this Baanx-issued payment card will be compatible with Mastercard’s extensive network. A possible partnership between MetaMask and Mastercard would unite two behemoths in the business world. With more than

March 12, 2024 2 mins read

Thailand Cracks Down on Unlicensed Cryptocurrency Exchanges

Thailand’s SEC Approves Private Funds for U.S. Spot Bitcoin ETFs

A major change is taking place in Thailand’s crypto investing scene as a result of the SEC’s approval of private funds for the U.S. Spot Bitcoin ETFs. But there’s a catch: these investments can only be made by institutional investors and very wealthy people. This judgment is significant because it

March 12, 2024 2 mins read

Mudrex to Offer U.S Spot Bitcoin ETFs for Indian Investors

According to Edul Patel, CEO and co-founder of Mudrex, an Indian cryptocurrency investing platform, institutional and individual investors in India will soon be able to purchase U.S. spot bitcoin (BTC) ETFs. Since this was previously accessible to retailers, Patel said in an interview that it is far more beneficial to

March 11, 2024 2 mins read