→ Nigeria Restricts Access to Binance, Coinbase, Kraken;
→ Nigeria Detains Binance Executives;
→ Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says;
→ Nigeria goment demands $10 billion in damages from Binance;
We decided to find out why so much attention is being paid to this seemingly unremarkable African country and we have to admit we were a bit surprised:
Here are a few facts:
• Nigeria was the first country in Africa to launch CBDC e-Naira back in October 2021;
• Nigeria ranks #1 in the world in cryptocurrency adoption among adults. 56% of percent of adults trade crypto at least once a month. 2nd place is Turkey with 54%, 3rd - Pakistan with 44%, 6th - UAE with 34%, 9th - Russia with 29%.
• Nigeria was a British protectorate until its independence on October 1, 1960;
• 2nd place in Africa (39th in the world) after Egypt in terms of GDP (nominal), ahead of Portugal, Finland and Kazakhstan;
• 27th in the world in GDP (PPP - purchasing power parity). Ahead of the Netherlands, Argentina and Switzerland;
• 1st in Africa (6th in the world) in terms of population. 230 million people;
• Nigeria is a leader in Africa as an energy power, financial market, in pharmaceuticals and in the entertainment industry;
• Nigeria is the 15th largest producer of petroleum in the world, the 6th largest exporter, and has the 9th largest proven reserves. Nigeria also has the 9th largest proven natural gas reserves.
🔈 New Governance Proposal Posted 🔈 UF Governance Lead posted a proposal to upgrade Uniswap Protocol's governance system. Specifically, this upgrade would reward UNI holders who have staked and delegated their tokens.
Reddit Discloses Holding Bitcoin and Ether in IPO Filing
The social media platform submitted a filing on Thursday to go public under the ticker symbol “RDDT.”
As part of the filing, the social media platform also disclosed that it invested part of its excess cash in bitcoin (BTC) and ether (ETH). It also said that it purchased ether and Polygon (MATIC) “as a form of payment for sales of certain virtual goods.”
YOUR ENTIRE LIFE TRAJECTORY can be defined by a few key moments. One or two MAX three. When you think about your life like this, you understand that taking risks is the only way to succeed.
When you decide what you dedicate your life to, that decision is a risk because, ultimately, it will dictate the rest of your life.
All of these decisions fundamentally will define how your life ends up for better or for worse. I apply the same logic to trading. There are guys that have been on this website for YEARS and are still posting charts.
There are only two reasons why I think this: 1. They simply have not made it 2. Being a chart hoe is their literal job and how they survive.
The trick to making it in this market isn't being a little b*tch and "hedging" your stack or whatever. You need to take 2 or 3 HIGH CONVICTION bets with as much size as possible and exit.
You are not a trader, nor should you want to be one. I cannot think of a worse fate than to be stuck in this dump tweeting out charts to pay rent. That is how you will end up if you follow those larps.
A couple of k > 10x > into another 10x > into a liquid 2-3x and you're out. That's all it takes. The market presents these opportunities so often you only need to be able to catch 2 or 3.
“There is surely nothing other than the single purpose of the present moment. A man's whole life is a succession of moment after moment. There will be nothing else to do, and nothing else to pursue. Live being true to the single purpose of the moment.” Remember this quote. #Write2Earn $btc #trading