As Naira depreciates further in the parallel market

Bureau de Change, BDC, operators have been surviving by several options since they were banned from the Central Bank of Nigeria, CBN, supply of foreign exchange, Forex, a little over one month ago.

A group of financial market observers at the United Capital Plc, have made an inquest into the activities of the BDCs since the ban and these are some of their findings.

‘‘Following the Central Bank of Nigeria’s (CBN) decision to halt sale of Foreign Exchange (FX) to Bureau De Change (BDCs) operators, many of them have suffered for volumes and had to seek alternative sources to get FX supply. Survey of anecdotal sources revealed that BDCs do not solely depend on the CBN but have sourced for FX through the peer-to-peer transactions to fund their supplies.

‘‘The recent ban has forced them to amplify their reliance on sourcing FX via these sources. For example, BDCs take advantage of the limit on domiciliary account balances as well as transfer limits to facilitate international cash receipts and payments.

‘‘Also, many of them have moved to solidify relationships with high volume customers which has required them to raise their bid quotes as they compete for these volumes. This has forced them to raise their offer quotes.

‘‘Unsurprisingly, on Tuesday last week, the parallel market rate jumped to N527/$1, the highest in four years.

However, a more interesting loophole has been identified with BDCs relying on using customers to buy Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) from their banks.

‘‘The customers use fake visas in conjunction with already purchased travel tickets to buy FX from banks before going on to cancel the tickets.

‘‘The dollars are then sold to the BDCs at cheaper rates giving them the opportunity to sustain exorbitant margins earned on their FX transactions.

‘‘In response, the Central Bank has directed all commercial banks to publish on their websites the names and Bank Verification Numbers (BVN) of customers who are engaged in this act.

Clearly, the CBN continues to struggle to block the loopholes in the FX market while its ability to supply the needed FX for the entire economy remains very limited.

‘‘The move to restrict supply for certain import needs as well as other rationing and restrictive policies have only created further loopholes.

‘‘Overall, we think the way forward is the creation of a freer FX market which will encourage improved FX supplies as well as allow all parties within the ecosystem operate with greater transparency.’’

Meanwhile, findings by Vanguard Money Digest last weekend shows that the exchange rate in the parallel market has seen Naira further depreciating to N530/$1.

Leader of the proscribed Indigenous People of Biafra, Nnamdi Kanu, has asked the High Court of Abia State to compel the Attorney General of the Federation, Abubakar Malami (SAN); the Department of State Services and six others to pay him N5bn in damages being monetary compensation for the “physical, mental, emotional, psychological and other damages” suffered as a result of the alleged infringements of his fundamental rights.

Kanu, who is currently in DSS custody, filed the suit on Tuesday through his special counsel, Aloy Ejimakor.

The IPOB leader also secured an order from the High Court of Abia State to serve by substituted means an application for enforcement of the fundamental rights of Kanu.

Kanu contended that his rights have been infringed upon since 2017 when he fled the country due to an alleged threat to his life by security agents and after his extraordinary rendition to Nigeria from a foreign country recently.

In the suit, no HIH/FR14/2021, the respondents include the Federal Government of Nigeria (1st), Attorney General of the Federation (2nd), Chief of Army Staff (3rd), Inspector General of Police (5th), Director General, State Security Services (7th) and three others.

The reliefs place before the court include:

“A declaration that the expulsion of the Applicant from Kenya to Nigeria by the Respondents or their agents and their consequent detention and planned prosecution of the Applicant in Charge No: FHC/ABJ/CR/383/2015 (Federal Republic of Nigeria v. Nnamdi Kanu) is illegal, unlawful, unconstitutional and amount to infringement of the Applicant’s fundamental right against unlawful expulsion and detention, and to fair hearing, as enshrined and guaranteed under the pertinent provisions of CFRN and the Charter).

“An order restraining the Respondents or their agents from taking any further step in the prosecution of the Applicant in Charge No: FHC/ABJ/CR/383/2015 (Federal Republic of Nigeria v. Nnamdi Kanu) pursuant to said unlawful expulsion of the Applicant from Kenya to Nigeria.

“An order mandating and compelling the Respondents or their agents to forthwith release the Applicant from detention and restitute or otherwise restore Applicant to his liberty, same being his state of being as of 19th June, 2021; and to thereupon repatriate the Applicant to his country of domicile (to wit: Britain) to await the outcome of any formal request the Respondents may file before the competent authorities in Britain for the lawful extradition of the Applicant to Nigeria to continue his prosecution in Charge No: FHC/ABJ/CR/383/2015 (Federal Republic of Nigeria v. Nnamdi Kanu).

An alleged Bitcoin pyramid scheme has collapsed while the mastermind behind it has disappeared with over $6 million of investors’ funds.

According to Zimbabwe’s The Sunday Mail, Martin Mhlanga – creator of the alleged pyramid scheme CryptoShares – has vanished, and his South African registered mobile number is unavailable.

CryptoShares also has no known physical address as Mhlanga lured investors through WhatsApp groups promising unrealistic returns.

According to local publisher NewsDay, one of the victims said that they had to pay a $30 sign-up fee with a chance to earn $300 if they successfully refer a new investor. One woman said that Mhlanga told them that those who invested at least $1,000 would receive a payout of $2,000 after a month.

To gain investors’ trust, Mhlanga also set up false claims from fake investors on the company’s social media accounts.

Around late August, Mhlanga reportedly began to lag behind on payments, until he and his WhatsApp group administrators disappeared. One woman who spoke to the Sunday Mail reportedly sent Mhlanga a total of $95,000 with the hopes of doubling the money.

“I am a Zimbabwean who is based in South Africa, I was supposed to get my first payout of the amount I invested in July, then I will be getting that same amount every month, but now Mhlanga is nowhere to be found…

Initially, I believed him because I saw a lot of testimonies in his WhatsApp groups not knowing that those who were testifying for getting thousands of payouts were his workers meant to deceive us.”

At time of writing, Mhlanga and the other alleged accomplices are still unaccounted for.
https://dailyhodl.com/2021/09/05/alleged-btc-ponzi-scheme-mastermind-disappears-with-6000000-of-investors-funds/amp/

The only thing more contentious than politics today is Bitcoin.

Ask the Twitterverse whether Bitcoin is a good investment and you’ll get too very different answers. First, the early adopters love to tell everybody when they first bought (or mined) Bitcoin. If they bought it any time earlier than a few minutes ago, they’ve probably made a fortune.

Then there are the value investors who see Bitcoin as nothing more than “artificial gold,” as Charlie Munger describes the cryptocurrency. In his view, Bitcoin is nothing more than “total insanity.”

Rather than try to convince anybody of one view or the other (although I’d never bet against Charlie Munger), here are some questions to consider before you starting buying Bitcoin.

1. Bitcoin is capped at 21 million, but does that justify its price?
Bitcoin is famously capped at 21 million. Unlike U.S. dollars, which the Treasury can print at will, there is a fixed limit on the number of Bitcoins that can be mined. Many argue that this hard limit justifies the price, particularly as the government prints more money in response to Covid.

Bitcoin isn’t the only asset with limits. In 2007 the same argument was made about land as real estate prices soared. That didn’t keep prices from crashing. It also didn’t keep Bitcoin from crashing in 2017.

2. Institutional investors have joined the Bitcoin party, but does that make it a good buy?
Many point to institutional investors buying bitcoin as a justification for its current price. As an example, Michael Saylor, founder and CEO of MicroStrategy (NASDAQ: MSTR) has bet the future of the company on Bitcoin. His company even borrowed $650 million on a 5-year bond to sink more into the cryptocurrency.

The question a potential buyer of Bitcoin should ask is, “so what?” Institutional investors make bad investment decisions all the time. The point here isn’t that companies like MicroStrategy have made a mistake investing in Bitcoin (although I think they have). The point is that one shouldn’t look starry eyed as some institutional investors move into Bitcoin. If anything, all it has done is rise the price (bad for would-be investors). What it won’t do is sustain unreasonable Pin the long-run.

3. Will Bitcoin save us from the government’s monetary policy?
The government is borrowing a ton of money to respond to COVID. While the Treasury’s printing press hasn’t resulted in significant inflation of goods and services (yet), it has sent asset prices soaring. It also calls into question the future value of fiat money, as many like to describe it.

4. Does the “network effect” support Bitcoin’s price?
Some argue that the network effect propels Bitcoin’s price upward. Bitcoin was the first cryptocurrency, it enjoyed early adoption, and as more people buy bitcoin, it becomes more valuable. It’s one explanation for why other cryptos, like Litecoin, haven’t seen their prices soar.

A potential buyer of Bitcoin should question this argument. The network effect is where the utility of something goes up as more people adopt and use it. It can apply to messaging apps or social media platforms. But does it really apply to Bitcoin?

5. Can you handle the volatility?
Finally, those considering buying Bitcoin should ask if they can handle the volatility. There are really two questions to consider here.

The first obvious question is whether you can handle the volatility. Can you hold on to Bitcoin even if it drops by 50%? That’s an important question to ask with any investment. It’s particularly important with Bitcoin.

The second question is more fundamental—what does the volatility tell us about Bitcoin as an asset? While some volatility is to be expected with any liquid asset, Bitcoin takes volatility to the extreme. Two days ago it fell 17% below $30,000. Today it’s above $35,000. That suggests that the price may be divorced from reality, even for those who think Bitcoin is a sound investment.
https://www.google.com/amp/s/www.forbes.com/sites/robertberger/2021/01/06/dreaming-of-becoming-a-bitcoin-billionaire-ask-these-5-simple-questions-first/amp/

Our joy don cut short as one of our broda wey dey accept for bestchange don get ban for plagiarism wey e comit years back. Make una send una prayer give @Mpamaegbu because dis one na real village people mata. Also make una dey try come interval for una people problem. Make we no jusyydey dey divided. Na only when we dey together we go fit go far oh  I remember when dey ban one person like dat for Russia board, e people come put mouth for her matta and den self she never become d Snr women she be now for forum.

I dey bring dis mata up as Incase Mpamaegbu wan appeal e go need our support. If you look d mata self you go see say na mistakes because no be user wey no dey put source link for e mata dem. Also as una dey post make una dey crosscheck oh to make sure everything dey in order. E no make sense say you go surfer build ur account finish, village people go just reason your mata one day den because of mistake you do, dem go just rubbish all your efforts, e no make say at all.

Anyways ma people how una Sunday dey go like dis, hope say una go go church oh. I dey hungry but I never Sabi within I wan chop, belle just tight for nothing meanwhile food dey hungry me lol.

77% of Russian investors prefer Bitcoin to Gold, survey reveals
A survey conducted by the Russian Association of Currency Brokers (AFD) has revealed that most Russian investors prefer Bitcoin to gold and forex.

The local self-regulatory organization polled 502 Russian investors to evaluate local investor sentiment regarding cryptocurrencies. Nearly 77% of the respondents said Bitcoin and other cryptocurrencies are the "most forward-looking" investment on their radar. There appears to be a wide interest gap between Bitcoin, gold, and forex, as the two latter options attracted just 8.8% and 14%, respectively.

Only 23% of respondents have not been exposed to digital currencies ever. Among these, over 77% were considering investing in crypto in the near future, while only 7.6% were strongly opposed to investing in crypto. The remaining 15% remain undecided on the issue.

AFD head Evgeny Masharov stated that the survey clearly indicates that Russian investors now consider digital financial assets as a genuine investment rather than just a “hype product.”

The survey results will be sent to the Bank of Russia and the State Duma Committee on Financial Markets, according to the AFD.

Despite the growing interest in crypto in Russia, the country’s central bank and regulators continue to maintain a tough stance on crypto.

BTC PEERS reported that Russian regulators were beginning to track crypto transactions earlier in August. The Central Bank of Russia also expressed concerns over the rise in the number of investors seeking Bitcoin exposure, likening the digital asset to a minefield.

Although skeptical about private cryptocurrencies, the Russian central bank is currently focused on developing its central bank digital currency project dubbed the “Digital Ruble” which is expected to enter trials in 2022.
https://btcpeers.com/77-of-russian-investors-prefer-bitcoin-to-gold-survey-reveals/?utm_source=thecryptoapp

For Chris and Charlie Brooks, finding lost passwords to cryptocurrency wallets requires figuring out how their clients' minds work — and that effort can help their customers retrieve a slice of what the pair estimates is about $4.7 billion worth of recoverable bitcoin stranded in locked wallets.

"We get a really broad spectrum of clients. We have a client who is an early-stage miner in bitcoin who lost all of his information and he knows he's got some bitcoins somewhere … We get clients who were told in 2017 to buy into the hype-bubble and they bought $1,000 [worth] and they are looking for something to cover the rent," Charlie, a 20-year-old computer programmer who joined his father in running Crypto Asset Recovery based in New Hampshire, told Insider in a video interview. 

"One of our most recent cracks had about $250,000," in a blockchain wallet, said Charlie, who majored in computer science in college. He's put school aside for now to work at the business. "This is something I've always liked. I would follow along with my dad ... Online treasure hunting, it seemed really cool."

Nearly 40% of 1,000 US crypto owners in a recent survey from Cryptovantage said they had lost wallet passwords and, on average, those unable to find their passwords lost $2,134.

To find a sample of lost bitcoin for their analysis, Chris said they turned to a thread on BitcoinTalk, a forum whose creation is credited to bitcoin inventor Satoshi Nakamoto. A thread started in 2011 called "Let's add up the KNOWN lost bitcoins" is filled with posts by people with the amount of bitcoin they lost and how it happened. The Brookses filtered and set parameters on the information, such as excluding losses of less than half of a bitcoin, to make an estimate on the sample population of the bitcoin reported lost.

To find a sample of lost bitcoin for their analysis, Chris said they turned to a thread on BitcoinTalk, a forum whose creation is credited to bitcoin inventor Satoshi Nakamoto. A thread started in 2011 called "Let's add up the KNOWN lost bitcoins" is filled with posts by people with the amount of bitcoin they lost and how it happened. The Brookses filtered and set parameters on the information, such as excluding losses of less than half of a bitcoin, to make an estimate on the sample population of the bitcoin reported lost.

The Brookses narrowed it all down to 72 posts that described the loss of at least half of a bitcoin. They determined that 14% are potentially recoverable cases and that from their own work in recovering wallets for clients, they can decrypt about 35% of passwords. That led to their conclusion that about 2.45% of lost bitcoin is retrievable. With a range between 68,110 and 92,855 bitcoins, that would make up to $4.7 billion in bitcoin recoverable based on the asset's price of about $50,372 on Friday.

Good guesses

"We get as good a list of passwords as we can from a client and then we put our heads together and spend some time extrapolating the way that they make their passwords and try to get in their mind when they are actually creating a password," said Charlie. "That's the most helpful thing, just seeing their practice," he said. "That's the cornerstone of our business, essentially."

The duo will run "hundreds of millions or billions of variations" of password patterns and test those against the encrypted version of the wallet, said Chris.

"If you don't have a very good [password]  guess, there are more possible passwords than there are atoms in the universe, and I'm not being facetious when I say that," Chris said.

The Brookses said decrypting times vary but occasionally can take as little as five seconds. That happened with a client whose list of nine potential passwords contained the correct one. Charlie said they worked for roughly a month and a half with the client who turned out to have about $250,000 in his wallet.

Security measures they take include having clients sign a contract stating they are the owner of the blockchain wallet being worked on. The two get paid on a sliding scale. Starting with wallets containing between zero and 10 bitcoins, or an equivalent value, the team will earn a 20% commission. There's no charge to clients if they can't recover any funds.

Chris said a number of their clients live in countries where people are largely unbanked.

"They may have a wallet with a couple of hundreds of dollars in it and that is their life savings. If they lose the password to it, they have no access to it anymore," said Chris. "In some sense, it can be a heartbreaking piece of the business … we do crack some of [the wallets]. It's a balancing act to be helpful without going too fast down a rabbit hole."
https://www.businessinsider.com/locked-crypto-wallet-password-recovery-cryptocurrency-chris-charlie-brooks-btc-2021-9?amp

Bitcoin Lightning Network; Discusss

$10 worth of Bitcoin was sent to someone in Nigeria without charge at the spend of light via Bitcoin Lightning, network. I don read about this lightning network nothing dey enter my head I don watch many YouTube videos too but I never really understand the concepts abeg anybody with useful knowledge make him share with us, this is where the world is driving to now and we all need to be grinded not to be left behind. From what TwitterCEO Jack interview some days ago he said all Twitter accounts are linked to the Lightning network nodes and very soon we can add our bitcoin wallet address on our Twitter profile for quick payment.






Video here

Investors are more interested than ever in cryptocurrency. Criminals are too.

Reports of cryptocurrency crimes have increased 312% per year on average since 2016, according to a report from Crypto Head, a cryptocurrency news outlet that used Federal Trade Commission data to analyze cryptocurrency crime trends in recent years. These crimes can include everything from hackers stealing investors’ coins to people falling for scams related to crypto investing.

Bitcoin has the most crime reports of any cryptocurrency, which makes sense since it’s also the oldest and most-widely held crypto. Beyond digital crimes, Bitcoin’s safety as an investment is often questioned thanks to the frequency and scale of its value fluctuations.

Despite an increase in fraud and theft, many experts tout the safety of Bitcoin investments — at least in terms of cybersecurity if not investment stability — thanks to secure blockchain technology. So, is investing in Bitcoin safe? Here’s what you need to know about Bitcoin’s safety as an asset and keeping your cryptocurrency secure if you invest.

What to Consider Before Buying Bitcoin
First things first: The money you put into Bitcoin is not safe from value fluctuations.

Bitcoin is a volatile investment. If you’re looking for a “safe” investment with guaranteed returns, then don’t invest in Bitcoin — or any cryptocurrencies for that matter. Just over the past few months, the price of one Bitcoin has fluctuated between $30,000 and $60,000. Bitcoin isn’t the only volatile cryptocurrency, and other, smaller coins may be even riskier.

“Understand that these are very volatile investments, so if big fluctuations cause you to lose sleep, this isn’t the space for you,” says Dan Herron, a CFP with Elemental Wealth Advisors in San Luis Obispo, California.

Experts recommend keeping any cryptocurrency investments to less than 5% of your portfolio for exactly that reason — and to make sure you’ve got a solid conventional retirement investment plan in the first place. It’s also recommended you have an emergency fund and pay down any high-interest debts before you put any money into Bitcoin or any other cryptocurrency.

(Read More: Here’s How Much of Your Investing Portfolio Should Be in Crypto, According to 5 Experts)

What Are the Risks Associated With Bitcoin?
The biggest security concern for many people when it comes to Bitcoin investing — like any other digital activity — is the risk of hacking and fraud. Cryptocurrency crimes are on the rise, according to data from the Federal Trade Commission, and resulted in a median loss of $1,900 per report between October 2020 and March 2021.

Often, reported crypto crimes involve scammers requesting payment in cryptocurrency, or sending unsolicited offers to help you make money or increase your holdings, according to the FTC. “One sure sign of a scam is anyone who says you have to pay by cryptocurrency,” the agency says. You should also avoid any unsolicited offers related to crypto; do your own research and buy your coins yourself using a reputable crypto exchange.

Other types of scams to look out for
Initial coin offerings (ICOs) for fake cryptocurrencies

When a cryptocurrency is offered to investors before it’s launched to the market, it’s called an ICO (similar to a new stock’s IPO). But sometimes these new coin offerings can be fabricated, leading investors to put their money in a cryptocurrency that doesn’t actually exist.

Always research any cryptocurrency before you invest. If it looks too good to be true, it probably is. Read the project’s white paper and check out the founders as part of your research. For most investors — and especially beginners — it’s smart to stick to established, popular coins like Bitcoin.

Crypto pump and dump schemes

A small group of investors may pump a lot of money into a specific crypto, falsely inflating the price while convincing private investors to also invest. Then the original investors sell their shares for a profit before the price falls again. This type of scheme exists for more traditional investments, too.

Again, if an investment seems too good to be true, it probably is. Watch out for coins that have risen a lot in value without any clear reason why, the Crypto Head report recommends. This may be a sign of a pump and dump scheme.

How to Keep Your Bitcoin Safe
Hackers can gain access to individuals’ crypto wallets or breach entire cryptocurrency exchanges to steal their holdings. That’s why it’s essential to store your crypto in a safe place, and practice good digital security habits.

Cryptocurrency exchanges and third parties offer storage for your coins through hot wallets, which are secure, but still online (and therefore still susceptible to hacking). Crypto held on an exchange or in a wallet is not FDIC-insured like money in the bank. Make sure you trade and hold your crypto on a platform that offers robust security measures — including keeping a significant amount of holdings in its own cold storage and two-factor authentication for users. Some exchanges may even have private insurance policies in case of theft or hacking.

For the best protection against online fraud, many experts recommend cold storage through an offline device not connected to the internet, similar to a USB drive. But even cold storage comes with risks, like the possibility of losing access to your investment completely if you forget your password.

Bitcoin Security vs. Privacy
While you can take measures to secure your crypto holdings from hacking and theft, Bitcoin may not be any more effective at keeping your personal information private than any other traditional investment.

“Security and privacy are two separate topics,” says Kiana Danial, author of “Cryptocurrency Investing for Dummies” and the personality behind @Investdiva on Instagram.

While trades you make in Bitcoin may be harder to trace than credit card purchases or direct bank withdrawals, Bitcoin transactions are not private. Bitcoin trades are tied to a hash code — a string of letters and numbers —  that are unique to you, says Ollie Leech, learn editor at CoinDesk, a leading cryptocurrency news outlet.  

“You’re really not anonymous, more like pseudonymous,” says Galen Moore, director of data and indexes at CoinDesk. While your activity isn’t directly tied to personal details like your social security number, the blockchain is public and there are ways that people can identify you.  

But even though Bitcoin transactions aren’t private, that doesn’t mean every user can see exactly how much everyone else has bought or sold.

“In order to download the Bitcoin blockchain you would need massive, massive, computing capacity, like a supercomputer,” says Danial. “The day-to-day average Joe can’t go in and see what transactions are happening in the Bitcoin blockchain.”

If you want total privacy when you transact, then neither Bitcoin nor Ethereum — the second largest cryptocurrency by market capitalization — are for you. Other smaller cryptocurrencies are designed for this total privacy, though experts recommend avoiding these lesser known cryptos as an investment.
https://time.com/nextadvisor/investing/cryptocurrency/is-bitcoin-safe/?_amp_linker=1*1v1nsdc*id*WllrMnQ2bDlFUkNuTk5XWnZJTGh2aGMwVjlPaEViT0RUcTNYLXRZWTJvdzZmdHQ2VFQzV2t1UTljdXItLXNIMA..

CEO of Binance, Changpeng Zhao, disclosed that the U.S. arm of the exchange plans to launch an IPO within the next three years.

While speaking in a zoom meeting, Zhao said that Binance.US was “just going to do what Coinbase did” by going public.

He also stated that Binance.US is on the verge of completing a large private fundraising round. The fundraiser is expected to come to a close in the next two months and would reduce Zhao’s stake on the board of Binance.US.

Binance has been faced with global scrutiny from regulators all over the world. Some countries like Brazil, South Korea, Hong Kong, and the UK have all laid strict rules concerning cryptocurrencies and various exchange platforms.

However, Binance.US is a separate entity from Binance and is thereby protected from any issues that might arise from regulatory scrutiny.

Binance has taken several steps in order to be more compliant with regulations in different jurisdictions. It hired a former treasury investigator as its Global AML chief; it has also introduced “intermediate verification.” on its platform.
https://btcpeers.com/binance-us-targets-ipo-in-next-three-years/?utm_source=thecryptoapp

The Dogecoin Foundation (DOGE) is planning to take legal action against Dogecoin 2.0.

According to the DOGE website,

“[We] welcome newcomers to the crypto space, but this [other] project has no connection to or relationship with Dogecoin. To protect the Dogecoin community from being misled and to protect the Dogecoin name from possible misuse, we have asked our brand protection lawyers to contact the developers of the ‘Dogecoin 2.0’ product.”

Dogecoin, which started as a joke in 2013, had a breakout year in 2021 with the help of celebrity endorsements and the power of memes. It is up over 6,000% year to date and is now the seventh biggest crypto asset in the world by market cap.

DOGE2 was created in April of this year, and the coin has surged from its original price of $0.000000009 to $0.069597 at time of writing.

Despite the similar names, there are distinct differences between the two projects. DOGE is inflationary with a proof-of-work blockchain protocol, which means miners are rewarded in Dogecoin for solving complex transactional equations, whereas DOGE2 has a limited supply and a proof-of-stake system, which greatly reduces energy consumption.

According to the Dogecoin 2.0 white paper, it is a decentralized finance (DeFi) token that operates on the Binance Smart Chain (BSC) network. Calling itself an “upgraded” version of DOGE, DOGE2 has a supply that will be capped at 100 million tokens compared to Dogecoin’s circulating supply of over 131 billion and an unspecified maximum supply, according to CoinMarketCap.

DOGE2 is not the first dog-themed memecoin to make waves, with Shiba Inu (SHIB) achieving a top-50 market cap ranking valued of $3.5 billion, at time of writing.
https://dailyhodl.com/2021/09/02/dogecoin-denounces-doge-themed-coin-thats-just-surged-by-triple-digits/

Former President Donald Trump is not ready to trust Bitcoin (BTC) and other crypto assets.

In a new interview with Fox Business’ Stuart Varney, the former president says he is not invested in digital assets and prefers to place his faith in the US dollar.

Former President Trump Suggests Crypto ‘May Be Fake,’ Says He’s Not Invested in BTC or Other Digital Assets
Daily Hodl Staff September 2, 2021

Former President Donald Trump is not ready to trust Bitcoin (BTC) and other crypto assets.

In a new interview with Fox Business’ Stuart Varney, the former president says he is not invested in digital assets and prefers to place his faith in the US dollar.
 
“I like the currency of the United States. I think the others are potentially a disaster waiting to happen.”

The global crypto market is now $2.22 trillion, based on data from CoinMarketCap, with financial giants such as BNY Mellon, Goldman Sachs, Morgan Stanley and others announcing their plans to enter the space in various ways this year.

But Trump remains extremely cautious and claims people don’t really know how cryptocurrencies work or what they do.

“They may be fake. Who knows what they are, but they certainly are something that people don’t know very much about.”

Back in June, Trump outright called Bitcoin an outright scam. The ex-president said he does not like the benchmark cryptocurrency because it is competing against the dollar.

His remarks came after El Salvador passed a law to make BTC a legal tender alongside the US dollar.
https://dailyhodl.com/2021/09/02/former-president-trump-suggests-crypto-may-be-fake-says-hes-not-invested-in-btc-or-other-digital-assets/

Our ip is considered evil but nigerians can register by paying the fee, I think it's not only nigeria that has has an evil Ip issue, but nigerians has resolve and I think a local board can help our many voices, if you are a -Newbie- always read rules and frequently asked questions I think you would find us here earlier, furthermore I think what other local board has that we don't or we don't have now is one spirit and mind, I think we should work on that and do always the things that would make nigeria proud.

Yes, if you check the Nigeria local board request, you will see that we demanded for the boards we wanted, but I think I may not be totally right, which led to the few suggestions I posted above. Your opinion will really be needed in this, let us all suggest the boards we want on our local board individually and we will later arrive at the same opinions which think is the best.

You have good suggestions. I checked some countries that have local board already, the name of the country and/or their official language is their main board while other boards are child-boards. But you will notice that Bitcoin discussion is embedded automatically on their main board, even if we are going to have child-boards, Bitcoin discussion will (I may not be right) not be among because bitcoin discussion will automatically be on our main board which would be 'Nigeria' or ('Pigin, English') Nigeria. That is what I am try to bring up, how did you see it?

Please, let us individually suggest how we want the board and the child-boards should look like, to know if I will still edit the boards requested for.

For example

Main board
'Nigeria' or ('Pigin, English') Nigeria

Child-boards
Marketplace
Altcoins
Off-topic

So, it will be good if everyone of us can make our own suggestion individually.

Although, not necessary to have all the child boards we want at the start, we can later request for more or if it is not beyond the capability of the local board moderator(s).

---

@Mpamaegbu, I know you do not want to quote me or involve in anything I bring up here, you know you are one of the established Nigerian on this forum, it will not be good if you do not have input about how our local board should look like. Just let us find a way to accept our differences in a way to achieve our aim which is local board. I will be glad if you consider this request and make your suggestions either in Pidgin or English.

Ethereum, the world’s most used blockchain, has been able to avert a loophole on its network that could have brought a double-spend attack on the network. The flaw originated from the most popular software used to verify transactions on the Ethereum blockchain.

What you should know
The Ethereum blockchain is experiencing what is known as “a chain split” due to a number of network validators, also called nodes, failing to upgrade their software. This means that half of the Ethereum ecosystem split into a separate chain. A bug in the Go Ethereum (Geth) caused the split. Geth is a popular software client on the Ethereum network which about 75% of all users on the Ethereum network employ as a node to mine the blockchain’s native token, Ether, and to create software that runs functions such as decentralized applications.

The developer team behind Geth had disclosed a vulnerability 10 days ago, but did not specify the exact nature of the vulnerability. The team released an emergency hotfix to the bug in its code that would have prevented certain users from producing blocks in the form of a V.1.10.8 upgrade. According to Ethernodes.org, approximately 42% users have upgraded to the latest version.

What they are saying
According to Decrypt, at its worst, the split or fork could have caused a so-called double-spend attack, where the same Ether cryptocurrency would have traded twice during any transaction or trade. This would’ve created counterfeit currency and possibly a sharp drop in its value.

Maddie Kennedy, a spokesperson at the cryptocurrency research firm, Chainalysis stated, “This could’ve been a big problem, but it isn’t.”

In an interview with Coindesk, Go Ethereum developer Marius Van Der Wijden stated that after the disclosure 10 days ago, an exploit was inevitable. He stated, “I knew that someone would eventually find the bug. I just hoped that more people would have updated in time.” However, he felt the team responded swiftly and appropriately to the vulnerability. He stated, “I feel pretty good about our response. Once [we were] alerted to the potential chain split we found the offending transaction in a matter of minutes.”

He further emphasized that node operators should follow client teams on social media channels for updates, and noted that he’d be pushing for an open mailing list for “distributing critical information.”

Bottomline
Ethereum’s native token’s price seems to be unaffected, as Ether is up 4.07% as of the time of this writing. It is currently trading at $3,250.
https://nairametrics.com/2021/08/28/ethereum-averts-chain-split-crisis/?amp