Indications from different angles has been established toward having the second breaking of record in the adoption of Bitcoin as a legal tender by some countries in the likes of Paraguay ever since the first adoption by El-Savador, more effontery has been geard towards the move by responsible citizens while some even promise to legalize it if elected in their political post ambitions. In Paraguay, all expectation is high toward the next step of government action in adopting Bitcoin as it's major currency, the question now is could Paraguay be the second to adopt Bitcoin as a legal tender? .... If yes, are there more visible indications to buttress the notion. Paraguayan congressman had stated that he would be introducing legislation to legalize Bitcoin in his nation. |
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Pls I will advise you to always put in place your own personal thoughts and ideas, suggestions and clew towards any post you made, it's quite a nice topic but your own participation isn't included which renders it as just copy and paste post, though you did not plagiarize but the post will be accounted under low quality post, pls take note I was once a victim.
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Hello. All. Actually first I come in this space (crypto) in 2017 where btc was $1.8 K to $19K. Right Now Btc is approx $35K.This was really a very interesting exp. for me. Today, i was though t Crypto should be in the Syllabus of students all over the world because there are lots of opportunities in this pace for Young Generations.
What your Opinion for the same?
Well, your suggestion is right but yet to get welcomed, everything is in step by step, not until the government erase their ban on crypto, support and promote it's adoption and make it a legal tender, the dream of making the offering as a course for student will never come a reality. Not only digital education could be included, we have the likes of: Social media education Scam enlightenment Cryptocurrency education Digital asset course Networking These are the likes of the future possible courses to be thought in schools |
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I would like to read your opinions about this topic, what are the reasons? Why is it Illegal? the fact that it is for earning & living?  May this answers we have here nailed in everyone's mind in this forum. For learning and importance. I have some possible reasons why government place ban on crypto: 1. Firstly, because of its anonymity: they believed it has no unique bearer and source 2. It's lack of regulators: they believed since it's not under government and no regulatory body monitoring it 3. Speculative asset: they believed it's not financially safe and secure, posing a high risk on investors, To cap it all in a summary, the three notion is assumed an inferior objections because of their interest in a bid to centralize Cryptocurrency,. Firstly the first crypto emerged was Bitcoin by Satoshi Nakamoto It's an individual's market discretion of buying a d selling price, while the crypto platforms pay tax to government but not regulated by them. Lastly because of the volatility in Cryptocurrency pose a second thought on how risky it may be to invest in, which is wrong |
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It's of no doubt you have been an active member on the forum and the level of your quality posts is worth recommendable, your devoted efforts to the forum in giving your precious time, quality post, supportive ideas and contributions and meriting as required for a quality post is glaring to the eye.
Maintain your steadfastness and standard and i wish you success in your application.
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Goodnews over Africa in the crypto world as it was rank one of the most effective active user of p2p exchanges such as Paxful among others, Nigeria to be precise has recorded a tremendous performances in this regards with an outstanding increase in numbers of users with active account, you could recall her recent ban of crypto by the government and the citizens have soughted for an alternative crypto trading platforms (exchanges) which is more preferred than the cross boarder transactions by Fiat with high cost on transaction fee/charges in a bid to avoid inflation, this has also help in the increase of Nigeria's Economy and more visible chances could lead to it adoption by the government at a later run. P2P platforms, the need for remittances to circumvent restrictions from banks, and putting savings into crypto as a means of avoiding inflation could have contributed to the growing market in Africa. Chainalysis said Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021, with high adoption in Kenya, South Africa, Nigeria and Tanzania. The company added that the popularity of P2P platforms could have been one of the driving factors toward greater crypto adoption in the region, given some countries have restricted or banned residents from sending money to exchanges through local banks. If the government put in place by the people to effectively work and regulate the economy, make policy and implement strategies to economy development but couldn't than placing restriction on crypto which could have been one of the aiming soughted out solution, the populace have rather in their own way create an alternative to sustain their respective businesses and exchange market thereby avoiding inflation and solving the problem of remittance limiting number of funds to transfer abroad. With this developments, I hope it will create an upper edge toward the adoption of crypto back in Nigeria specifically and increase the performance and participation the more in Africa as a whole. |
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P2P exchange Paxful integrates Lightning Network According to research, Nigeria has 2nd highest p2p trading volume in Paxful this year and with about 1.3 million registered accounts. Nigerians are fan of using the exchange as its safe, easy and functional on all device, Paxful on it winning edge has the focus attention of Nigerians and our hierarchy to the top most list is just a single step more as against USA which is leading, we are moving, competing with the Giants in crypto world despite our recent ban. Nigeria is now the No.2 bitcoin market on this fast-growing global marketplace
Nigeria is now the No. 2 Bitcoin market users on this fast growing global market place "Paxful"
Lightning Network is being developed to facilitate Bitcoin payments and allow users to quickly and reliably engage in off-chain transactions through a second layer. It's another interesting development on hearing the news that Lightening network is now introduced in Paxful to lessen the transaction cost from block chain. This is one of the development achievement Paxful could make in recent time. I know this is a huge success to us in Nigeria as most of our naija Paxful exchange users now got more reasons to smile, you can recall the transaction fees in cross border transactions which is no difference with Fiat system for charges fee, but with the introduction of the lighting network to Paxful it gives it a little cost for transaction fee unlike before this new development. There’s strong reason to believe that Lightning Network will achieve wider utility on the Paxful trading platform. As of April 2021, the P2P exchange had processed over $5 billion in volume, with Africa — a region that is quickly adopting Bitcoin as a medium of exchange In this regard, we are viable and bold to claim being the giant of Africa, am sure this development has a long way to help increase our transactions performance and preferences with Paxful, also this will place a remarkable impact toward increasing the chances of Bitcoin adoption in Nigeria. |
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Expectations all high as we wey never attain the rank of a full member is in perplex ass to when will this long journey come to achievement... Fingers crossed, God go help us all, a house is not built in a day, it takes gradual process. Thanks for such a wonderful information post, it might be someones need at hand. Nigeria is the second country in the world with the most reported romance scam. I don't know why things suddenly started changing in this country few years ago, there were scammers but it wasn't as rampant as it is now Nigeria is the second country in the world with the most reported scam. A new study world over has revealed Nigeria to be the second country in the world with the most reported romance scam on earth. Source link: https://www.africagiantnews.com.ng/8001-2/I don't think I can blame the G's why is because they find it an alternative means to survival, though am not encouraging Yahoo and am not a Yahoo boy, but with my little experience been with some, I most confess to you it's Nigeria's condition that throw many into doing Yahoo and one of the easiest way is to pretend loving Someone in other to acquire money. Did you heard about the story of magu EFCC former boss and how he ended on the issue of some expensive luxury rides ceased from G guyz across the nation been distributed to our own senators and honourables in Abuja before the whole shits cast?... Some Yahoo guyz will claim it's their ancestral accumulated wealth they are recovering from the white as a result of colonization and slavery. As you see me I can't do Yahoo but will never blame those doing it, all scam na scam, politicians na scam, govt scam, sin na sin and lie na lie either you be Yahoo boi, pastor or imam, we are all sinners, nothing like big or small lie or sin. Na make Baba God have mercy. I see Nigeria still as one of the worst country that her leaders are unable to make good use of her population to let the country truly be the giant of Africa, but remain just as one of the third world countries which is the lowest rank and subjected many to poverty and unemployment.
The way we de take condemn our country like say na everything about us de bad no too good. And na English we de take write am and others de read am and know wetin de sup. If tomorrow other people from other countries begin condemn us make we no begin para for here oo. Make una remember say na rat wey de for house de tell the one wey de inside bush wey fish de for house. Na we de teach other people how to attack our country now o. Truth be said many things are going wrong, not the way it should be, take a look at the government that imposes law that does not work against them, only the poor the law dey catch. I could remember some years back, Nigerian Army was rank the best in Africa... Not now anymore, why? Are we not corrupt?... Are Nigerians not suffering?... Is our economy good?... Did you buy garri and beans same price you bought them in January this year? Can you count how many times you've been scammed or someone close to you? How many times have you bought fake items from the market? Didn't we prefer okrika (UK used) products rather than new ones? Is there no corruption, embazzlement, kidnapping, insecurity, poor electricity, police brutality bribery and bad governance.? Is our roads good, is govt. Investing on the youths of tomorrow? Let's call a spade a spade, we are in the era of "soro soke" enough of suffering and smiling. |
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The world of crypto opens up life-changing earning opportunities for Indian tweens and teens The boy who DeFi-ned new standards
Gajesh Naik, a 13-year-old from Goa, has established himself in the crypto world with his two ventures — Gaj Finance, formerly PolyGaj, a decentralized finance platform built on the Polygon blockchain for crypto staking, and StableGaj, a stablecoin swap platform. Back when Mark Cuban invested in Polygon, Gaj Finance was managing US$7 million. Today, that number has come down to less than US$200,000.
Nevertheless, for an Indian teen, it is a noteworthy achievement. So how did a teen from a small tourist city in India come to handle hundreds of thousands of dollars? According to his father, Siddhivinayak Naik, Gajesh showed interest in computers early in life. This is an interesting new development for India, I seek for a brighter future for our young minds in technology developments, we had many sharp and sound young teenages in Nigeria who could have help to deliver a prolific solution to our economy if their talents and gift had earlier been noticed and an avenue is created for them to work on such embedded gifts by their parents, community and government at large. In Nigeria, some organizations organizes student/teen exhibition and talent haunt for new improvisation but at the long run the implementation is fully lacking, you can imagine how this 13yrs old boy is fully into crypto with all passion and fully supported by his parent. Gajesh used to observe his father intently and asked questions about how his father worked on the computer, Siddhivinayak said.
Unlike parents who ask their children to stay away from electronics, Siddhivinayak encouraged his son to use computers if he wanted to.
This gave Gajesh early exposure to computers and the digital world It is obvious that our parents here are only stereotype once it comes to child upbringings and education, we don't have to focus on one direction, my friend's child is the best in class mine too must do the same, let's give room for discovery of potentials in young ones especially we the parents of tomorrow. It was only when Siddhivinayak enrolled Gajesh in a boot camp organized by Goans Empowered with Information Technology (GEIT), a voluntary community project planned, funded and organized by Goan IT professionals, that his coding journey began. This is what I mean when I said it has to be a collective efforts of both parents, community and the government to ensure a proper, quality and sound true identity of a child is discovered. As a patriotic Nigerians, I've brought in this article for us to have the challenge of taken full responsibility for our upcoming generation, we are far better than India in many ways and for some of us who will be giving back to the society, such is expected of us. |
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Nigerians, our mumu never too much?With the way things are going, I believe the scammers are aware that banks will not do anything to them even if they find out, except when a scammer wants to swindle another scammer, and I grieve for our beautiful nation.
I advise her that the next time she should invest in crypto rather than do quick money, and for Nigerians, I hope we realize that Bitcoin is the only thing you need, not some celebrity's counsel who is suffering on show business check.
Nigerians must wake up because mumu don too much.
Una Happy Sunday everyone
Even the Ponzi schemes are advancing their techniques nowadays, how much more we the smarter individuals, some will come in the name of a foreign company abroad, ask you to invest, bring two people, those people too should bring another two people and so on.... In their pyramid, you will have to wait for over 35yrs before you start earning the fruits of your labor for the ones that are partially legit, while others will either place one on a street Hawking of the products or get busy in search search for your two people pyramid scale.... Lol The worst one are those demanding for payment for a start, or so called investment capital 😀 promising double return within 24hrs time... Big scam. Pls let's endeavors to test and scrutinize all entity of business or investment to be true, reliable, accessible with genuine proves and testimony, especially if we can locate their physical site, location or company, and the success story of those into it before time. As my brother don yarn.... Make we shine our eyes well well. |
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Even though they try to maintain the initial one from crashing down as it's incapability to accommodate multiple transactions at a time, now Alonzo set to offers few new toy smart contracts with Cardano to go live on the first day but non of the dApps is live. All hope is raised and perplexed towards this awaiting developmen bit am sure they won't afford to accommodate any error with this new launch. At 21:44:51 UTC tonight, Cardano will usher in smart contracts by implementing the Alonzo hard fork. But due to problems with its design, several decentralized applications have delayed their launch, and Alonzo may only go live with a “few toy smart contracts” developed by Cardano’s creator. Smart contracts, self-executing pieces of computer code, lay the groundwork for decentralized applications such as decentralized exchanges and non-custodial lending apps. Alonzo brings Cardano head-to-head with other smart contract-enabled blockchains, namely Ethereum, which introduced them in 2015. The anticipation for Alonzo sent the price of Cardano (ADA) rocketing earlier this month; Cardano hit an all-time high of $3.09 when Cardano’s developer, IOHK, launched Alonzo's testnet on September 2. But the price later fell to $2.60 amid criticisms that the upgrade had difficulties processing concurrent transactions. The first Cardano dApp, a multipool exchange named Minswap, shut down shortly after it launched because it struggled to process multiple transactions at once—“the very thing you need for DeFi,” according to Ethereum investor Anthony Sassano. Still, IOHK couldn’t swat away its problems with a single tweet thread. Due to the issues, it’s looking unlikely that Alonzo will launch with any killer applications. Several decentralized exchanges have said that they’ll delay their launch until definitive solutions are found to the transaction bottleneck. Ever since its launch in 2015, Cardano’s public image has leaned heavily on its claim of rigorous technical research and testing. Upgrades to the protocol are peer-reviewed by a pool of academics. A troubled launch could be taken as a major step back. In a YouTube stream on Wednesday, Hoskinson confirmed that “a few toy smart contracts” that IOHK had developed would go live on day one. https://decrypt.co/80754/cardano-to-launch-smart-contracts-today-but-where-are-the-dapps?utm_source=thecryptoapp |
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The one way happen to me recently I just commot wan go buy some one police man way dey my area come stop me say him don dey look for me since say him need my help. I come stop the guy come start to dey tell me story say I know say him na police now but as thing's be now everywhere dry say where dey post am say money no dey show na only salary him dey depend on and him salary no reach anywhere say him just dey suffer!!! Him come talk say him dey always see me dey press phone say him go like be like me say everybody now na scammer say make I come show am way say atleast if him dey do my hustle now him add am to him police salary say him go dey alright. I come tell the guy say me I no be scammer say I dey into cryptocurrency but the guy no gree him say na waiting yahoo Boys dey use cover themselves be that say anyone way you ask dey go tell you say na cryptocurrency dem dey do. D guy even tell me say anything way I want him go do am for me even if na to pay me before I start to dey teach am him say him go pay. I was even confused because I don't expect that kind of person to come and meet me for that kind of thing. I told him am not a scammer that am into cryptocurrency and if he is interested I can teach him, but he was not still satisfied with me teaching him cryptocurrency he just want to learn yahoo. I told the guy am not a yahoo boy and I left.
To be honest with you one has to be very careful this days, there's one of the police department constitutes several intelligent units such as: DEPARTMENT:- INVESTIGATION AND INTELLIGENCE a. Criminal Investigations b. Interpol c. Antiguitics d. Crime Prevention Policies e. Narcotics f. Forensic Matters g. Crime Records h. Prosecution and i. Criminal Intelligence; Some of their men will be out there in disguise while in search for criminal elements, am sure maybe one of his reasons he insisted on doing Yahoo is to confirm if you're truly a G' and once the fact has been established they send signals to their office branch for an arrest. I've seen some of my friends been harassed by police in their search for Yahoo boys while non of them is even a G' same also to me here, a guy in my area always call me G' because he sees me pressing my phone all the time hmmmmm..... Pls how do we balance the effect of urgent chats response while on a walk and people seeing you always pressing phone thinking you be G Or possibly busy doing one or two things online while you're walking in other to meet up for schedules and the misconception of you as a Yahoo boy by people around. |
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With the little summary from my perspective what I see as difference between gold and Bitcoin. Firstly gold is a physical commodity asset While Bitcoin is a digital currency/asset and with this, they are the two major assets on the economy trend on investment and with the highest bids on commodity price. Gold is stable and regulated by government while Bitcoin is volatile and not regulated by government. Gold requires hard human and physical labour to be acquired while Bitcoin required high computer skills and operations even though they both have the term "mining" as to how they got generated. Gold is centralized while Bitcoin is decentralized. Gold has been in existence before ages while Bitcoin got into existence 2009 Relevant opinions are welcome, Gold’s market capitalization is around 11 trillion USD. That means it’s the most precious metal globally. No asset has also challenged its position within the global economy. Initially, people used gold to back other currencies. Today, critics argue that early investors poorly did gold’s adoption to the current economic system. But, this is a testament to the undying and strength of this asset. However, the emergence and increasing popularity of the pioneer cryptocurrency, Bitcoin, has sparked a debate about the possibility of a gold replacement. Some people argue that Bitcoin could replace gold in its position within the global economy. That’s because Bitcoin had outperformed gold several times since its inception back in 2009. But how does this cryptocurrency differ from gold? The Driving Forces Among the forces driving the increasing Bitcoin’s price is the perception of its potential as a hedge against possible inflation. The economic turmoil and devastation caused by the global pandemic prompted large institutions and small-scale investors to consider this digital asset. That’s because they think it can defend them against inflation during difficult economic times. Essentially, Bitcoin’s supply has a cap of 21 million. And this differentiates it from fiat money that politicians can print at any time. As more individuals and institutions purchase Bitcoin, the cryptocurrency will become scarcer. And this will push its value upwards. Additionally, Bitcoin depends on the blockchain, which is a decentralized technology, and it allows for the immovable and unique record. With this technology, investors enjoy security and easy access to transaction information at any time. Bitcoin’s decentralization means you can participate in crypto exchange without any interference from the government or banks. What’s more, Bitcoin allows for more privacy and anonymity. That because you don’t have to disclose personal information when sending or receiving Bitcoin. Volatility Bitcoin is a highly volatile digital asset. And this causes concern among investors that want to use it as a haven asset. Intrinsic Value The conductive and anti-corrosive properties combined with the established cultural tradition of gold have given it the commercial usage history. People use gold to produce jewelry and other luxury items. This precious metal also has other applications, such as in the dentistry sector. Therefore, the significant value of gold will most likely continue even in the future. On the other hand, Bitcoin value depends on the online transaction value and the belief that people will delegate financial authority and trust to this currency. And this cryptocurrency might shine in these areas. As such, Bitcoin’s value is what users consider its worth. It’s crucial to note that gold and Bitcoin have commonalities. For instance, both are rare resources. But while Bitcoin’s supply limit stands at 21 million, nobody knows when people will mine all the gold in the world. That’s because gold doesn’t have a finite supply like Bitcoin. https://m.guardian.ng/business-services/how-bitcoin-differs-from-gold/amp/ |
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I think ceasing their operational coin mintin machines isn't the solution, but firstly I never knew Iran uses hydroelectric power supply for their electricity, moreover taking such drastic decision on minners is due to their non license approval which could details in paying a stipulated amount to be obtained including government taxes among others, such has aggravated such reaction as some minners dulge in other to bye cut such payments. The term how the hydroelectric low power supply due to weather conditions this raining season and paying dues by unauthorized minners remain a controversial dialogue, if they would have made the regular authorization fees and payment as to be recognized by the government, power supply wouldn't have be an issue of threat in it shortage and weather couldn't have been a considering factor since other non crypto companies and industries consume much power supply even than the said mining. I strongly go against such action as it depreciates the effort and capacity to what is been minner per day, it also discourages the upcoming minners who were on the start up phase, the country could have just put in place a regulatory policy suitable for each mining company or individuals on a yearly plan, a government-private MoU and so on. Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners in Iran Preventing blackouts remains a priority in Iran where electricity consumption is still higher than usual. Cryptocurrency miners, the majority of which are operating without authorization, have been blamed for electricity shortages throughout the summer. The hot weather this year led to increased use of air conditioning while limited rainfall negatively affected hydropower generation. https://news.bitcoin.com/iran-shuts-down-more-illegal-crypto-farms-bringing-total-to-over-5300/ |
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Along with the influx of information and knowledge, you are bound to come across various acronyms and phrases that may not make sense at first. With the help of this article, you can easily learn the terminologies and the rules of trading with cryptocurrency. FOMO (Fear of Missing Out) In the context of cryptocurrency, FOMO is used to trigger new traders to place huge investments to avoid missing out on high returns. This is the type of emotional response that enables people to make impulsive decisions to buy tokens when they are at their highest. It is advised to not react to FOMO and wait it out till the market settles. HODL Originally the misspelling of “HOLD,” it has now converted to “Hold On for Dear Life.” This term is used when short-term volatility is high and the prices of the cryptocurrency keep fluctuating. When the price of a certain digital currency falls, it is advised to keep “holding onto it for dear life” instead of frantically selling it at a loss. FUD (Fear, Uncertainty, Doubt) This is a strategy used by crypto fanatics to spread misinformation and doubt regarding a trade deal or a competitor’s forecast price. This is the strategy that is commonly used to drive down the prices of any digital currency. What people tend to underestimate is the power of FUD. It has the potential of causing economic depressions and bursting bubbles within the market. DYOR (Do Your Own Research) Exactly how it sounds. Before getting influenced by what the internet is doing and reacting to, it’s important to DYOR before making any calls. There are numerous resources and websites available online that can help you stay informed and make calculated decisions regarding your investment. BTFD (Buy The F-ing Dip) This trading strategy focuses on benefiting from the potential price increase after a recent dip in the crypto market. Crypto enthusiasts wait till a currency goes down to buy it, and as soon as they see an increase in value, they sell it at a profit. WHALE A figure of speech used to describe those individuals that own a significant amount of cryptocurrency and deliberately sell their holdings to bring the prices down. By doing this, they sell their cryptocurrency at the market rate and buy it again when it’s cheaper. It is not the most ethical way of trading, but this manipulative strategy only works for those individuals whose holdings are so significant and large, every trade they make results in massive spillovers. LAMBO Short for Lamborghini, this term symbolizes the culture of getting rich super fast. This status symbol represents the life of luxury that can be achieved by crypto holders. Back in 2013, a story went viral of a user who bought a brand new Lamborghini using Bitcoin, and soon, thousands were inspired to do the same. https://m.guardian.ng/technology/tech/7-crypto-acronyms-you-need-to-know/amp/ |
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Main board
'Nigeria' or ('Pigin, English') Nigeria
Child-boards
Marketplace
Altcoins
Off-topic
Although, I just used this as an example to bring up a suggestion about how our local board should be like, so that we people will make decisions about how our local board should be like, it was really good we had good discussion about this and I was surprised people were concluding this to be a good suggestion and highly welcomed by Nigerians on this forum that participated in the discussion. Child-board for politics and society was suggested but some people still think that it is not yet necessary. Also to make the main board '(Pidgin) Nigeria' was suggested but another user commented that Pidgin is not only spoken in Nigeria, it is also a lingua Franca in some other west African countries while native languages might still also fit into the local board later, which means all Nigerian languages are welcomed. In accordance to our discussion, this were what we wanted for our local board: Main board Nigeria Child-boardsAltcoins Marketplace Off-topic I will be making the introduction of this on our request board and edit the OP. If there is anything anyone of us is not yet pleased with, let us know. To add more board, we can still later request for that as once suggest, or if we have local moderator, that would also still be easy to achieve. Nice one! Let the votes begins.... If you support this format say hi.... Pls let us all bring our respective opinions and come out in mass, just ensure you drop a comment on this whenever you're online |
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The Securities and Exchange Commission (SEC) — led by Gary Gensler, who taught a class on cryptocurrency at MIT — is trying to make the case that it can and will regulate whatever cryptocurrency investment schemes it decides fall under its purview. The relative newness and rapid expansion of the cryptocurrency industry have put it in a regulatory gray area. The Internal Revenue Service (IRS) classifies crypto as property. The Commodity Futures Trading Commission (CFTC) considers crypto to be a commodity. And the SEC has said that digital assets “may be securities, depending on the facts and circumstances.” A security is a financial asset that can be traded, like stocks and bonds, and which is governed by several laws designed to prevent fraud and protect investors. The SEC appears to have decided that an upcoming offering from Coinbase, the largest cryptocurrency exchange in the United States, meets its definition of a security. And it’s showing that it will step in and regulate it accordingly — and, by extension, regulate the rest of the crypto finance industry more assertively. https://www.vox.com/platform/amp/recode/22663312/coinbase-sec-cryptocurrency-bitcoin |
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Veteran investor Mark Mobius reveals one key element that could reverse his stance on Bitcoin. Mobius, who co-founded frontier markets company Mobius Capital Partners, says in a Bloomberg interview that he isn’t a Bitcoin (BTC) enthusiast even though some of his friends are. “A lot of my friends are Bitcoin enthusiasts. I am not.” However, Mobius says that he could change his mind about Bitcoin if it becomes accepted as a method of paying taxes. “If governments around the world, particularly the U.S. government, allows payment of taxes in Bitcoin or some cryptocurrency, then I would change my mind. Because then it would become an internationally recognized currency. But as it stands now, that’s not the case. I don’t see that happening anytime soon.” Mobius says El Salvador’s decision to adopt Bitcoin as a legal tender is unlikely to be replicated across the globe due to the flagship cryptocurrency’s shortcomings and the Central American country’s unique circumstances. “It just doesn’t make sense to have a payment system with Bitcoin when you can use [your] phone to make payments. What’s the big problem? Why do we need Bitcoin? That’s number one. Number two, El Salvador, let’s face it, is on its back. It’s got real problems. It’s a bankrupt country, in fact. So they’re grasping at straws with Bitcoin. But I don’t think it’s going to spread to other countries. Maybe a few other countries, maybe Cuba, other countries that have financial problems will adopt it. But otherwise, I don’t think this is going to go too far. It doesn’t make sense to me. It’s not convenient, it’s risky.” https://dailyhodl.com/2021/09/10/veteran-investor-mark-mobius-says-hes-not-a-bitcoin-enthusiast-but-this-single-factor-could-change-his-mind/Am sure that using Bitcoin as a means for tax payment is one of the milestones to be achieved in due time as it keep soaring high, to me I have no doubt about that, while talking about Bitcoin being an international well recognized currency is still on the verge, and am sure the analysts in crypto world were on relentless effort daily to ensure the attainment of new edge each day toward the globalization of Bitcoin operational use. To me I will advise Mark Mobius to consult for a Bitcoin specialist who has the comprehensible knowledge of taught in btc to enlighten hidden path to exposure, we can make good and interesting references of interesting past records of Bitcoin investors, their targets, achievements, and procedural challenge along their way. |
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This is a development worth reconning with, the partnership is the first attempt towards a future deal and business contract they could both benefits through the laliga sport games onward. The partnership entails some of the well recognized football teams in the world like fc Barca real Madrid and other internationally recognized football clubs like Liverpool, Bayern Munich, PSG Among others, am sure with the introduction of tokens to players and their respective teams could make an upper hand in Cryptocurrency, players incentives allowances could also be paid using token. In brief: Spain's La Liga football league is partnering with fantasy football platform Sorare. Stars such as Gerard Piqué, Antoine Griezmann and Rio Ferdinand have also signed on to promote the platform. The partnership with one of the biggest leagues in the world also represents a major milestone for Sorare. Spain’s La Liga football league is partnering with fantasy football platform Sorare to launch non-fungible tokens (NFTs) for its players. Sorare describes itself as a “unique game experience where users can own their game, build real-world connections and protect and control their assets in a secure space.” Its ambition is to build “the game within the game,” combining NFT technology with sports cards and a fantasy game. Now, football fans, collectors and fantasy football players will now be able to trade and play with digital cards of players from La Liga with Sorare. Stars such as Gerard Piqué, Antoine Griezmann and Rio Ferdinand have also signed on to promote the platform. The partnership The move is a significant development for La Liga, as it moves into the NFT space for the first time. The partnership additionally opens up a new revenue stream for La Liga clubs by establishing NFTs as a new licensing category. Sorare said its gaming experience will help La Liga and its clubs expand their international brands by reaching new audiences. These would include crypto enthusiasts in the US and Asia, where Sorare is thriving. The partnership with one of the biggest leagues in the world also represents a major milestone for Sorare. The deal covers both La Liga Santander (first division) and La Liga Smartbank (second division). The partnership also means that Sorare now has some of the top 100 football clubs in the world under license. It adds teams such as Real Madrid and FC Barcelona to a list including global clubs such as Liverpool FC, FC Bayern Munich, Paris Saint-Germain FC, and Juventus FC. Besides private clubs, Sorare also includes national teams amongst its clientele. Earlier this year, the fantasy football platform inked a deal with the German national team. Days before that, Sorare and the French national team released the first NFTs of a national squad. Sorare said it aims to partner with each of the top 20 football leagues by the end of next year. https://beincrypto.com/sorare-partners-with-la-liga-to-launch-nfts-for-players/?utm_source=thecryptoappSorare said its gaming experience will help La Liga and its clubs expand their international brands by reaching new audiences. These would include crypto enthusiasts in the US and Asia, where Sorare is thriving. This partnership is termed "symbiotic association" wherein both partners can benefited from it, |
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Ukraine’s parliament, the Verkhovna Rada, has adopted a virtual asset bill legalizing and regulating cryptocurrency. According to a local report, Ukraine has passed a law that makes cryptocurrency and other digital assets legal in the country. Bill No. 3637 On Virtual Assets, gives Ukraine the ability to now legally regulate digital currency. According to the bill draft, “This Law regulates legal relations arising in connection with the turnover of virtual assets in Ukraine, defines the rights and obligations of participants in the virtual assets market, the principles of state policy in the field of virtual assets.” Despite the win for crypto, they still can’t be used to pay for goods and services. It does, however, allow for blockchain companies to legalize individual business processes and work directly with the current banking system. Citizens can also freely buy and trade cryptos as things currently stand. The hryvnia remains the only legal currency. Next steps for Ukraine Before the bill passed, digital currencies have lived in a bit of a gray area in Ukraine. Neither legal nor illegal due to the lack of laws defining what a cryptocurrency is. The buying and selling of digital assets were done, but there was no legal protection from the courts if something went awry. The bill still has one final hurdle to jump before it officially becomes a law. It must be signed by President Volodymyr Zelensky. Speaking with the Kyiv Post, a spokesperson for the Ministry of Digital Transformation said that Ukraine plans to open the cryptocurrency market for both businesses and investors by 2022. The spokesperson added that parliament still has to pass laws that amend the Tax Code and Civil Code before the market can be opened. According to the bill, cryptocurrency-related businesses can work in Ukraine, but must meet a few prerequisites. Any crypto company looking to set up shop in Ukraine needs to have a stellar reputation and prove they can be transparent with officials. Additionally, a fee of $3,000 must be paid along with any taxes incurred during operation. Ukraine hopes these steps will keep money laundering and financial terrorism to a minimum. If President Zelensky signs the bill into law, it will be the job of the Ministry of Digital Transformation, the National Bank of Ukraine, and the National Securities Commission to handle the enforcement of regulations according to the law. Ukraine has also stated its intention to create a new regulator to handle cryptocurrency companies looking for permits. Despite the win for crypto, they still can’t be used to pay for goods and services. To me I see this as a gradual process needed to ensure the circulation and general usage of crypto in all the nooks and crannies of the country before it can serve a complete legal tender for purchase of goods and services, even in the remote areas, I means for exchange and transactions barriers will be effected between the people and the government for easy transactions with total free, fare within a transparent mode. The bill still has one final hurdle to jump before it officially becomes a law. It must be signed by President Volodymyr Zelensky. Since the major function of the parliament is to fully represent the masses and pass bill, they understand the evolving trend of Cryptocurrency in this generation and sees it as an opportunity to developments as more countries now adopts it and the level of the young adults (youths) in the crypto world can not be overemphasized, this is a country that understand the demands of the youths. Am well convinced in due time the president will sign the bill into law, they sees any opportunity for development and quickly tap into it rather than castigating iton wrong motives. I wish other countries learn and follow the bold step taken by the Ukrainian perliament and have a second thought. |
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