Sell on binance app games ok
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- Dangerous game? Football clubs look to mine fans’ cash with crypto offerings
- Bitcoin ban: These are the countries where crypto is restricted or illegal
- Tradução de textos
- Islam and cryptocurrency, halal or not halal?
- Just how disruptive will ‘Axie Infinity’ and ‘blockchain games’ be?
- Binance Review: The World’s Leading Cryptocurrency Exchange?
- Binance: Watchdog clamps down on cryptocurrency exchange
Dangerous game? Football clubs look to mine fans’ cash with crypto offerings
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Computers, the internet, fintech, artificial intelligence, any tech you can name except mobile tech , people in these regions have always had to play catch-up.
But new technologies such as crypto and web3 provide hope to Africans to play a massive role in defining what it looks like in the years to come. Regional inflation, weak currencies, high unemployment rates and economic uncertainty are a couple of reasons behind this growing adoption. With these issues not leaving Africa anytime soon, we should expect stronger crypto growth despite several governments' efforts to stifle it. Peer to peer transactions and retail trading are two of the biggest drivers of crypto adoption on the continent.
Before starting Nestcoin, founders Yele Bademosi and Taiwo Orilogbon led the charge at Bundle Africa, one of the continent's well-known crypto trading platforms. Bademosi was the director of Binance Labs in Africa, overseeing the incubation and development of blockchain projects, when he decided to start Bundle as CEO in Orilogbon was the company's chief technology officer. With Bundle incubated within the ecosystem of the largest crypto exchange platform, Bademosi had lofty ambitions for the company.
By the time he left, three years after, Bundle was only live in Nigeria and Ghana with fewer than , active users. Bundle's numbers might not seem impressive from a global standpoint. Still, it is when compared with its peers in Africa, as no local crypto platform serving just Africa has reached a million customers.
Bademosi thinks this is because crypto trading alone cannot drive mass adoption of blockchain and crypto-native applications. To create products that can scale to a million users or several million in the next couple of years, companies should build applications that are more accessible for the everyday person, which is the basics of web3. The second iteration has been more around like decentralized finance and non-custodial trading of financing activities," said Bademosi.
And that's sort of what we are trying to do with Nestcoin. The Connecticut-based venture capital and holding company has more than 60 crypto and blockchain subsidiaries and investments across 30 countries, including LUNO, CoinDesk and Bitso.
However, the difference is that while DCG focuses on western markets and building products for HNIs and institutional clients with custodial features, Nestcoin primarily builds , invests and operates web3 and non-custodial products that are more accessible for everyday people in frontier markets. Nestcoin's products cut across Decentralized Finance DeFi , media, digital art and gaming.
The company, which Bademosi describes as a venture collective, launched its media arm called Breach last year to create bite-sized and informative crypto content for the average African.
It also set up Metaverse Magna MVM , a gaming guild that introduces users to the world of play-to-earn crypto-powered games like Axie Infinity.
The NFT-based online video game developed by Sky Mavis has been a sensation since but is expensive to play. What MVM has done is to buy Axies and lend to players in its guild while employing a revenue-sharing agreement with them. Bademosi said MVM has had more than 2, applications since its launch.
However , only gamers are currently live on the platform, a number he's looking to increase to 1, before next quarter for context, some of the largest guilds have a player size of around 2, to 3, Nestcoin also hopes to introduce its DeFi projects by Q2 this year.
In addition to that, the company will be exploring ways in which content creators on the platform can earn crypto while educating its 6, subscribers with structured learning paths. The company's pre-seed round, the second-largest in Africa and largest in Nigeria and sub-Saharan Africa right now, will provide it with the firepower to build these products and several others in its pipeline. A part of the funds will also go into investing in web3 projects.
The company has done so in a handful of projects but the only publicly disclosed deal is in Lazerpay, which allows businesses to accept payments in crypto. It recently backed AltSchool Africa, an entry-level tech talent project introducing Africans to software engineering and web3 courses like blockchain.
Nestcoin has involved itself with other projects like collaborating with crypto-exchange platform Bitsika to launch a social token for Davido, an African music artiste. Bademosi said Nestcoin might raise an independent fund to invest and participate in such deals and projects going forward. That said, there's a growing concern that web3 is falling into similar pitfalls for which its enthusiasts blame web2 projects.
Asides from centralization, many think web3 projects such as NFTs are becoming expensive to participate in and enriches only a select few. Bademosi disagrees. According to him, crypto trading, the most accessible form of web3, was accused of the same issues years ago but has become cheaper to use.
He referenced his time at Microtraction, an early-stage investment firm he founded in to back African startups. But today, there's a whole ecosystem of companies making it easier and cheaper to buy other cryptocurrencies, not just bitcoin, he said. So the same way you don't think of crypto trading as a luxury activity, that's just because of the evolution of the last three to four years," the chief executive continued.
He also pointed out the success of Axie Infinity in the Philippines, where thousands of gamers who couldn't earn money with Web 2. He said if Nestcoin can replicate something similar in Africa, a market with over million mobile gamers, wealth will be distributed among millions of people and not a select few.
Web3 and crypto is that equalizer between the distribution of talents and the distribution of opportunities," he said. The company, with team members in nine countries, has onboarded strategic web3 and traditional investors to back its mission. Online poker platform partypoker is giving players and fans the chance to own a piece of its history with the launch of a debut NFT collection in association with Theta Labs.
That was hardly the worst performer for crypto traders. As of Jan. Six additional currencies posted rises Tuesday. Bitcoin is currently testing a crucial level of resistance following a woeful month that saw it lose The two U. Bloomberg -- The lone Republican on the U. Securities and Exchange Commission is warning a recent proposal that would add oversight to systems for trading government securities could also give officials sweeping new powers to scrutinize digital-asset platforms.
The RBA announced an end of bond purchases, but signaled it is in no hurry to hike interest rates. Although it might seem like the right move, now is not the time to panic and sell all of your digital assets.
The three-year deal would have Anchorage act as a crypto asset manager and liquidator for the U. E-commerce has continued to boom in the wake of the COVID pandemic, but running an e-commerce business has also become significantly more chaotic, with unpredictable supply chains, logistics hiccups and overall higher costs upending even the best-laid plans. While the first month of the new year was expected to bring in higher inflows, the crash derailed the projections and the market delivered accordingly.
It gets the i-Force Max turbocharged hybrid standard. Here are three cryptocurrencies that can still be huge winners in Every big pullback for cryptocurrencies we've seen in the past has presented a great buying opportunity. Yahoo Finance's Brad Smith reports on how PayPal stock is plunging after the company reported weaker-than-expected guidance. Markets open in 4 hrs 55 mins. Read full article. Tage Kene-Okafor. Story continues. Recommended Stories.
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Bitcoin ban: These are the countries where crypto is restricted or illegal
Bitcoin has been controversial since its beginning in , as have the subsequent cryptocurrencies that followed in its wake. While widely criticised for its volatility, its use in nefarious transactions and for the exorbitant use of electricity to mine it, Bitcoin is being seen by some, particularly in the developing world, as a safe harbour during economic storms. But as more people turn to cryptos as either an investment or a lifeline, these issues have manifested in an array of restrictions on their usage. The legal status of Bitcoin and other altcoins alternative coins to Bitcoin varies substantially from country to country, while in some, the relationship remains to be properly defined or is constantly changing. Some countries have placed limitations on the way Bitcoin can be used, with banks banning its customers from making cryptocurrency transactions. Other countries have banned the use of Bitcoin and cryptocurrencies outright with heavy penalties in place for anyone making crypto transactions.
Tradução de textos
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Computers, the internet, fintech, artificial intelligence, any tech you can name except mobile tech , people in these regions have always had to play catch-up. But new technologies such as crypto and web3 provide hope to Africans to play a massive role in defining what it looks like in the years to come. Regional inflation, weak currencies, high unemployment rates and economic uncertainty are a couple of reasons behind this growing adoption. With these issues not leaving Africa anytime soon, we should expect stronger crypto growth despite several governments' efforts to stifle it. Peer to peer transactions and retail trading are two of the biggest drivers of crypto adoption on the continent. Before starting Nestcoin, founders Yele Bademosi and Taiwo Orilogbon led the charge at Bundle Africa, one of the continent's well-known crypto trading platforms. Bademosi was the director of Binance Labs in Africa, overseeing the incubation and development of blockchain projects, when he decided to start Bundle as CEO in
Islam and cryptocurrency, halal or not halal?
Miners play a vital role in the bitcoin ecosystem. They provide computational power for transaction processing and mining of new coins. Thanks to them, bitcoin kept its perfect security record over the years and progressed towards becoming the future money. In the early days of bitcoin, practically anyone could become a miner with their regular laptop or computer.
Just how disruptive will ‘Axie Infinity’ and ‘blockchain games’ be?
NFT stands for non-fungible token. A dollar is interchangeable with any other dollar, and the same is true for cryptocurrencies like bitcoin. But an NFT works differently. As with a rare postage stamp, a diary or a Topps Mickey Mantle , its worth is tied to scarcity and proof of origin. Unlike bitcoin, which functions mainly as a payment network and cryptocurrency , blockchain networks such as Ethereum and Solana let users build apps that can store personal data and set rules for complex financial transactions , like the smart contracts that govern NFT ownership and sales. In order to buy NFTs, you will need to establish a digital wallet to store your cryptocurrency.
Binance Review: The World’s Leading Cryptocurrency Exchange?
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Binance: Watchdog clamps down on cryptocurrency exchange
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T he cryptocurrency market has experienced enormous growth over the past decade, and it is set to expand to new heights in There are thousands of options for crypto investors, and here we look at five of the leading cryptocurrencies to invest this year for short-term investments. Bitcoin was launched back in , and fast-forward to , it remains the largest cryptocurrency by some distance, with its price movement still having a significant impact on the rest of the market. It goes without saying that this is one of the best cryptocurrencies, and it is set to hit new heights over the year ahead. Ethereum is another extremely well-known cryptocurrency, and as it stands, it is the second-largest digital currency in terms of market value. Everything is in place for Ethereum 2.
Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs. Choose your reason below and click on the Report button. This will alert our moderators to take action.