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Articles by Adedamola Bada

5 Companies Lead the Race in Producing the First COVID-19 Vaccine

March 31, 2020

Five pharmaceutical companies across the globe lead the race in producing the first approved COVID-19 vaccine. Wall Street is likewise on alert for banking on the first company to produce an efficient one.As the battle against the spread of coronavirus outbreak across the world intensifies, many companies are working to put themselves at the forefront in producing viable COVID-19 vaccine.Producing a vaccine for human testing and adoption to address the Coronavirus outbreak remains as crucial as ever, but a working vaccine approved and available for public use is almost not feasible this year. Approval of a vaccine for public application, however, faces different barriers and conditions that are bound to slow up the process of worldwide adoption. Regardless, this is not slowing down many

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All You Need to Know About Bitcoin Wallets in 2020

March 20, 2020

A cryptocurrency wallet is almost equivalent to a bank account, and just as it is important to be familiar with a bank of choice, it is just as important to be intentional in choosing a digital Bitcoin wallet.A crypto wallet contains private keys that allow you to manage and spend your coins, as your wallet address is an ingenious hash of your public keys. With Bitcoin wallets providing the perfect custodian and interaction between these two key pairs, it is only important that every bitcoin trader or holder has a trusted wallet.Thus, in reality, wallets do not store your BTC or any other cryptocurrency, instead, the private keys are the ones stored, which inadvertently gives you accessibility to your bitcoins. Regardless of this, it is still important that you are particular and

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LoanTech: The Surest Platform for Crowdlending

February 12, 2020

Place/Date: 17 Little Grove Field, Harlow, Essex, CM20 1HY, United Kingdom – February 12th, 2020 at 9:46 pm UTC · 3 min read Contact: LoanTech,
Source: LoanTech Photo: LoanTechWant to get a great opportunity to build a stable passive income portfolio for yourself through crowdlending? Then LoanTech is just what you need.It offers you the chance to receive an indefinite return of 3% from any loan investment you make on the platform and this will be paid on a daily basis. Sounds great, right?In addition to this, the platform has a provision that allows you to access the loan principal. With this feature, you can withdraw as much as 34% of the loan principal.Photo: LoanTechHowever, you need to be patient as there is a minor catch to this. Before you can lay hands on either a part or total

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Top 5 Cryptocurrencies to Follow in 2020

February 2, 2020

The total number of cryptocurrencies crawling all over the crypto space is now no less than a thousand. And more cryptocurrencies are rising by the minute.A little more than a decade since the first digital currency and we’ve had cryptocurrencies that failed their hyped potential and other ones that surprised us. In this article, we will be listing the top five cryptocurrencies you are better off paying attention to at the start of a new decade.We will touch on the past history, performance, and reliability of these digital currencies. While 2018 was a generally terrible year for the crypto space in general, especially following closely the massive highs of 2017, last year was a breath of relief, even if unremarkable compared to the evolution of cryptocurrencies in the past decade.

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Ripple’s XRP Payments Find Use on goLance Platform with over 500,000 Users

January 31, 2020

Popular freelance platform goLance has praised Ripple for making the payments of over 500,000 users a walk in the park, in what can best be described as a show of excitement. The company announced that Ripple’s On-Demand Liquidity, a cross-border payments solution powered by XRP, will officially be used to settle the payments of its users.The Painful Old WayLike most successful companies, growth is unstoppable. The same can be said about goLance, which has seen a spike in the number of its users to over 500,000. Though this is good news for the company, it also brings with it the challenge of slow payment, all thanks to the use of a traditional cross-border payment service. Not only is their service slow, but it’s also highly unreliable and has a high fee attached to it as well.Traditional

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Hyperledger Releases New Version of its Flagship Framework Fabric 2.0

January 31, 2020

Hyperledger Fabric, the thriving open-source brainchild of the Hyperledger Foundation, now has a second version, Fabric 2.0. It has become known from an official announcement of its release.Second Version, First of its KindHyperledger was created in 2015 by the Linux Foundation and has had support from the most prominent or influential institutions, even from diverse spaces such as IBM, SUP, Intel, JP Morgan and even engineering conglomerates such as Daimler. The open-source blockchain project has risen into popular usage in its space in the few years since its inception.Its most popular framework, the Hyperledger Fabric, created by the IBM in partnership with Digital Asset, now has a revised second version, which is the first of its kind to have such, especially among similar products in

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Mercedes-Benz Is to Use Blockchain to Track CO2 Emissions in Cobalt Supply Chain

January 31, 2020

Mercedes-Benz will be employing the use of blockchain technology to track carbon emissions in cobalt supply after teaming up with Circulor, according to an official press statement.As part of the Ambition2039 project, Mercedes-Benz, according to its press release, has now made the identification of the next generation of automobiles, one of its highest on its priority list. And doing this means getting ahead of the lot in the application of new cutting edge technology.According to the official press release, the companies, Mercedes-Benz AG, one of the divisions under Daimler will deploy decentralized technology in tracking the emissions of environmentally harmful gases, as well as recycled materials throughout various supply chains in the manufacture of battery cells.Not for the First

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China’s Digital Currency Finally Begins to Take Shape, More Details Released

January 30, 2020

China’s CBDC – digital Renminbi – will be fully centralized, going by a report published by Huatai Securities, a financial services company.Though a date is yet to be announced as to when the digital currency will be officially launched, the recent revelations made about it points towards a release that could be sooner rather than later.How the China’s CBDC is Expected To WorkThe major stakeholder in the currency is China’s Central Bank and under its supervision, the digital Renminbi will be issued via hand-picked commercial banks. The digital currency operation process is made up of six parts which include: issuance, circulation, management, withdrawal, investment and financing, and interbank settlement.Basically, a tight rein will be applied to the digital currency by the central bank in

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Apple Stock May Jump in 2020 Thanks to 5G Integration

January 30, 2020

Apple TV+ and Apple Watches have been in the news for a bit now and while it might seem like they are the reason behind the boost in Apple’s Q1 earnings this year, there is another quiet star that isn’t even on the market yet is actually behind all the hype.On Wednesday morning, shares in the trading market rose following an announcement from the largest U.S-based mobile phone manufacturer regarding their earnings in December’s first quarter which to the surprise of everyone was substantially more than expectations. This rise in income was a result of a revival in the sale of the iPhone which is the company’s biggest product.Wearable Devices Contribute to Apple Stock IncreaseAnalysts, however, gave kudos to the Apple Watch, AirPods and Beats headphones as they also affected the growth in

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Coinbase Custody Officially Launches Internationally to Serve Customers Better

January 30, 2020

Leading cryptocurrency exchange Coinbase has launched Coinbase Custody International Inc. to go ‘international’, as it aims to deliver better quality localized services across Europe and subsequently to other parts of the world.Coinbase CustodyThe company released an official statement via its blog early this morning announcing its new move to launch Coinbase Custody International Inc. which has been in incubation since last year following the company’s acquisition of an e-license to operate in Ireland, in October 2018.The new Coinbase Custody is based in Dublin Ireland and would offer directly focused localized services to clients in Europe with more efficiency and in accordance with local laws. The company’s statement on its blog reads:“While Coinbase Custody has served European-based

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LVMH’s Sales Rose 12% in Q4 2019 but Coronavirus Outbreak May Seriously Affect Revenue

January 29, 2020

Spread and control of the coronavirus outbreak in China has impacted the sales of popular multinational conglomerates, LVMH, according to published revenue records.China’s Hold on Luxury RevenueAccording to records posted by LVMH, the recent disease outbreak surfacing very early in the year has already begun to affect overall sales of goods, significantly.The recent outbreak comes as a bigger test to last year’s skid with Hong Kong, which fortunately couldn’t stop the company from making profits. Despite the sharp decline in tourist visits to Hong Kong late last year, LVMH still showed record sales in the last quarter of 2019. The company revealed in a statement that its last quarter sales increased by 12 percent to 15.27 billion euros ($16.94 billion), even in the midst of the constant

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Singapore New Payment Law Allows Crypto Companies to Lead Their Activities in the Country

January 28, 2020

The crypto landscape is drastically changing around the world – especially in Singapore where global cryptocurrency firms have been given the opportunity, through new payment legislation to expand the horizons of their operations to the country by obtaining operational licenses to function therein.This legislation, The Payment Service Act which becomes effective by Tuesday, is the first of its kind in the list of comprehensive regulations, regarding the activities of companies involved in the trading and digital payments of tokens such as Ethereum and Bitcoin. Asides the adoption of cryptocurrency firms into the regulatory community, the law also grants the Monetary Authority of Singapore with corporate oversight authority for managing risks relating to cybersecurity and controls on

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XRP Could Fall to Zero or It Could Be Worth Million Dollars, Says Economist Jeffrey Tucker

January 28, 2020

Experienced economist Jeffrey Tucker says Ripple’s XRP might decline to absolute zero in the near future, or even rise, in the most improbable of circumstances, to a price of one million dollars.XRP has continued its steady decline since the close of last year and shows little sign of shaking off resistance levels. The third biggest cryptocurrency has seen its bearish trend not abating, and previous predictions of the XRP price to reach $0.47 or higher before March are beginning to seem overly optimistic now.A further drop below the $0.23 levels is bound to suggest XRP is ready for a more serious decline. But how low can XRP get, sink to a zero dollar?Let’s Talk about MillionSpeaking on RT’s ‘Boom or Bust’ show, Jeffrey Tucker, also an editorial director at the American Institute for

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TRON Foundation Is to Dedicate niTROn Summit 2020 to Kobe Bryant

January 27, 2020

The world was thrown into mourning yesterday, Monday 27th January 2020 as popular NBA star, Kobe Bryant alongside his 13-year-old daughter and a few others died in a fatal helicopter crash in Los Angeles. This news has brought about several condolence messages and tributes from everyone around the world and one of these tributes from the crypto community has stood out.The TRON Foundation has announced that its 2020 niTROn Summit which will hold from February 29 to March 1 will be dedicated to the NBA star who died on Sunday morning. The five-time NBA winner Bryant, who was described as a “member of the TRON family”, was to the surprise one of many on a panel discussion with the founder and CEO of TRON, Justin Sun in January 2019.The niTRON summit which is scheduled to hold in Seoul this

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Davos 2020: Facebook’s Libra Is Driving Talks about CBDC in the World

January 24, 2020

An imminent discussion of digital currencies native to central banks of diverse countries has been sparked, and Facebook‘s Libra is at the heart and center of it.More than RippleRipple‘s flagship products leading cross-border payments might have been touted in the past as the leading catalyst for sparking conversations and implementation of digital currencies pegged to official national currencies. However, Facebook Libra has now officially taken center stage, eliciting more questions and urgency that are becoming even more expedient in 2020.The acceleration of an ‘independent ‘ Facebook digital currency has once again brought up questions of the dollar as the world’s reserve currency as fears continue to rise to the potential influence that Facebook Libra might have across the world.This,

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Tesla CEO Elon Musk Could Become World’s First Trillionaire, Is It Time to Believe?

January 24, 2020

Tesla CEO Elon Musk has been tipped to break the trillionaire threshold before Jeff Bezos, Bill Gates or any other contemporaries following Tesla’s recent landmark in breaking the $100 billion market cap level after skyrocketing rise of the company’s stock price.Should We Be Getting on the Musk Train?Elon Musk rests rightly as one of the biggest celebrity entrepreneurs in the world and has amassed an enormous cult following over the years. Fanatics are at their constant best with bullish predictions concerning Elon Musk or the future of Tesla, but are there any truth to these claims?A certain Christopher Dungeon made his observation on Twitter, predicting a massive, if not miraculous surge past current tech powerhouses."If Tesla reaches all the milestones and a market cap of $650 billion,

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Ripple’s XRP Sales Declined by 80% in Q4 2019, Will It Affect XRP Price?

January 23, 2020

Prominent blockchain payments firm Ripple has published its latest quarterly XRP Markets Report for the previous quarter (Q4 2019) and there have been some significant changes in the figures. Ripple, who boasts of introducing such solutions as ODL (XRapid), Xpring, RippleNet among others, is known for publishing regular updates and views on the company’s stance on the XRP market in order to ensure transparency on the progress of the platforms as well as inform its stakeholders.According to Ripple, open communication ensures that all stakeholders are kept abreast of the financial performance as well as the operations of the company, even as an XRP holder.2019 Q4 in FiguresRipple noted that a total of 13.08 million USD worth of its digital currency, XRP, was sold in the last quarter (Q4),

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Ripple CEO Expects to See More ‘Consolidation’ in FinTech Industry in 2020

January 15, 2020

XRP gave the crypto community an unexpected gift when it rose by 10 percent on Tuesday. The third biggest cryptocurrency has been sluggish in its movement, barely keeping up with other top cryptocurrencies like Bitcoin (BTC). But in what resembled a rush of adrenaline, XRP astonished crypto investors when it regained strength to take back the $0.244 level. This event is so remarkable because this is the first show of strength XRP has managed to achieve since November ending of 2019.Now that XRP has bounced back, the questions everyone is asking include, for how long will its momentum continue and will it at least touch $0.30 before losing steam? Well, analysts believe that XRP has the potential to hit the $0.30 mark, which will be made easier to attain if it can break above the downtrend

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Facebook, Verizon and McDonald’s Top Wall Street’s Investments List for 2020

January 13, 2020

Analysis streaming out from Wall Street suggests that the year 2020 has a lot of profitable stocks available for investors who choose such companies as Facebook, Verizon, and McDonald’s, among others.Key PointsHigh yield stocks up for grabs in 2020.Facebook’s politically-induced woes may finally pay off in 2020.Verizon’s commitment to its core values makes it a company to watch out for in 2020.McDonald’s introduces innovative ideas that are stock boosters.McDonald’s to Become a More Customer-friendly BusinessRecent operational changes within McDonald’s in terms of innovation and marketing have made the company’s stock an attractive investment choice in 2020. McDonald’s has released a new advertising campaign for the first time in many years and is also making plans to roll out a stronger

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Coinbase Secures Patent for Automated KYC System

November 29, 2019

The United States Patent and Trademark Office has awarded one of the most prominent crypto exchanges in the country, Coinbase, a patent that portrays a mechanized framework that identifies and detects non-compliant client accounts on the platform.Filed on Nov. 19, the patent describes the significant improvement made to improve the level of security as regards customer account authorization, thereby explicitly identify the ones associated with dealing in criminal behavior.Coinbase has been known in recent times for always giving high priority to the security of users’ accounts in the crypto world where cyber theft and crypto-jacking has been a thing of repeated occurrence. It appears that Coinbase plans to adopt and implement such a framework in its platform.Removing Non-Compliant

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Ant Financial Commences Testing of Its Business Blockchain

November 12, 2019

Ant Financial, a subsidiary of Chinese tech giant Alibaba Group, has finally reached the testing phase of its business blockchain. The fintech arm of the tech giant, which has been working on a blockchain network created to support small and medium-sized businesses, has commenced its blockchain testing.Blockchain Tech Soon to Go LiveA top official at Ant Financial, Jieli Li who is the senior director of technology and business innovation at the company, stated during the World Blockchain Summit which held in Wuzhen, China, that the technology upon which its Ant Blockchain Open Alliance is built will be launched three months after the end of its testing phase.In another interview, Li added that everyone on the planet, developers and institutions alike, will have access to the blockchain but

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BnkToTheFuture to Expand Its STOs Business to the U.S. Market

November 12, 2019

The online investment platform known as BnkToTheFuture is yet again on another ambitious move and this time, its sights are fixed on the U.S. market. Knowing that without authorization from the Securities and Exchange Commission (SEC) such expansion is impossible, the company invested in a U.S. broker-dealer that has the full license from the SEC to conduct its security token offering business (STOs) in the United States.This move was made known to investors in a statement released on Nov. 7, notifying them of the recent acquisition made by the company. The statement showed that BnkToTheFuture now has a yet-to-be-revealed stake in BMI Capital International’s holding company, which is all that is needed by the lending platform to have access to the U.S market.Security Tokens to Overtake

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Binapex Offers Users Full Security and High Speed of Transactions

November 7, 2019

Photo: BinapexIn a wide row of crypto exchanges, Binapex can be really noted for its safety and speeds of transactions. It is located in Seychelles and is built to provide its users with a reliable platform with which they can track and trade cryptocurrencies like Ethereum, Bitcoin and lots more.Binapex.com stands out from the row of other platforms as it introduces convenience, simplicity, and tight security to the crypto-space through its fiat currency, token, and cryptocurrency exchange platform.To Binapex.com, a subsidiary of Binapex Ltd, total devotion to legal regulations and the advanced security of clients are non-negotiable. With transparency as its watchword, Binapex.com has become the best global platform where users can conduct trusted cryptocurrency trading.Features of

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Huawei Now Partners with China’s Digital Currency Research Unit

November 5, 2019

In a recent development, Huawei, the Chinese-owned telecommunications giant, has worked out an agreement with the People’s Bank of China’s Digital Currency Research Unit. This was made known on Nov. 4 via an announcement on the company’s WeChat channel. The announcement didn’t offer any additional information concerning the agreement, neither did it suggest any joint research on digital currencies or blockchain technology.Huawei Fully Invested in BlockchainFor the past few years, Huawei has been a familiar sight in the field of blockchain, actively developing its capabilities in the sector. The company launched a product in April 2018 called Blockchain Service, a platform powered by Hyperledger. This release came a month after the unveiling of Caliper, a joint project of Huawei and

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Barely a Year In, Nasdaq-Powered DX.Exchange Is Shutting Down

November 4, 2019

Exactly nine months after opening its doors for business, DX.Exchange, a trading platform powered by Nasdaq, has thrown in the towel due to financial difficulties. Currently, the platform is looking for a buyer or better still a merger.The news was released via an announcement on Nov. 3, telling the world that the cost of operating the platform in the aspects of security, support and technology is too much to bear.Good Intention, Bad ExecutionThe original idea for DX.Exchange was to become a financial powerhouse, which led to the level of technology and manpower adopted for its creation. The exchange was designed with Nasdaq technology and continued to receive support from it but sadly all this wasn’t enough.DX.Exchange came into existence sometime in mid-2018 with plans to launch by the

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Only 30 Percent of U.S. Citizens Know the Truth about the U.S. Dollar

November 1, 2019

A recent study carried out by Genesis Mining revealed some interesting details that would shock you too, except of course you already knew the answers. The study was conducted by the digital currency firm to gauge the level of knowledge US Citizens have about the Dollar, the world’s current ‘reserve currency.’The U.S. Dollar was backed by gold until 1971, a fact that has seemed to only make it into the knowledge-trivia of most people half-baked. According to the study, a significant number of people echoed the belief that the United States Dollar was still backed by gold. A development that had ceased to exist more than forty years ago.Before 1971, the U.S. Dollar had been backed by a gold reserve like all major currencies in the world until Richard Nixon scrapped the gold standard. After

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Call of Duty: Modern Warfare Makes a Successful Debut Getting $600M in First Three Days

October 31, 2019

The most recent game from the stables of Infinity Ward, Call of Duty: Modern Warfare, is like nothing ever seen as it breaks previous records to become the fastest-selling game in the franchise in recent times, making a profit of $600 million within the first three days of its launch.This is definitely good news for all Activision Blizzard investors as the remarkable performance of Call of Duty over the weekend seems to have infused the needed strength to its weak share price.At the moment the stock price is around $55, just as it was nearly a week ago.New Sheriff Is in TownThere is currently a shift of power in the hierarchy of Activision Blizzard releases. Between the two games that were launched within the same period, one has bowed so that the other can take the throne. With a $100

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Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing Restructuring

October 30, 2019

Deutsche Bank has embarked on a comprehensive restructuring plan, in a move to revive its failing business, according to reports from earlier this year, but recent events show that its program may not be going as expected. Deutsche Bank took a devastating financial blow which has totally derailed it from its intended market target.Surrounded by an ongoing restructuring plan, the German lender has released its third-quarter report for 2019 on Wednesday, which shows a net loss of 832 million euros ($924 million). Even analyst, who had demonstrated a lack of confidence in the market performance of the bank, was left speechless when the reported loss exceeded their prediction of 778 million euro loss, based on data from Refinitiv. The year 2018 was a more favorable time for the bank as it

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Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble

October 21, 2019

Popular crypto exchange Binance which has been working on a fiat trading solution for its customers is finally ready to launch. To kick-start this innovation, the exchange will work with Russian rubles in the beginning phase.This interesting development was made public on Monday by Binance CEO, Changpeng Zhao, at the Open Innovations conference held in Moscow, Russia. He revealed that in the next two weeks the fiat trading option for Russian rubles should be available on the exchange, making it possible for customers to purchase digital assets using rubles.Binance Relentlessly Pursues Global Crypto AdoptionBinance has had a very busy year, making a lot of upgrades to its services. Just recently, on October 16, the EUR/GBP pairs were added by Binance to its Application Programming Interface

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Dubai-based Emaar Properties to Roll out Its Customized Token

October 18, 2019

The developers of the Burj Khalifa, the famous Dubai monument, also known as the tallest building in the world, Emaar Properties is at it again, and this time, they are going the crypto way. Through an action which can be termed generous, the Dubai Mall developer is working on a reward token for its loyal customers, and it is named the EMR token.The EMR token which is designed to work on Quorum, a blockchain platform owned by JPMorgan, will find usage in all Emaar’s holdings like malls, e-commerce operations and hotels. Not only that, but the token can also be exchanged between users.The release date for the EMR token and the blockchain platform seems to fall within the same period. They are expected to launch by the end of 2019.A Global PacesetterEmaar is a company known for

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