DEPARTMENT OF GOVERNMENT EFFICIENCY (DOGE)

US President-elect Donald Trump has picked Elon Musk for a role in government cost-cutting, as part of his drive to "dismantle" bureaucracy when he returns to the White House next year.

Tech billionaire Musk, who has called for huge spending cuts, has been picked alongside biotech investor Vivek Ramaswamy to lead a new "Department of Government Efficiency" (Doge). The acronym is a nod to Musk's favourite cryptocurrency, Dogecoin.

Trump said the pair would act in an advisory capacity, and that the Doge would not be an official government department.

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WEB 3.0 BUZZ. WHAT YOU NEED TO KNOW!

Web3 focuses on decentralization and is built, operated, and owned by its users. At its core, Web3 gives power back to its users in the form of ownership by using blockchains, cryptocurrencies, and NFTs. The term “Web3” was coined by Ethereum’s co-founder, Gavin Wood, in 2014.

To add to a basic understanding of Web3, it’s important to understand the terms that make up Web3. Blockchains change how information is stored, shared, and owned. Blockchain is what’s called a “distributed ledger,” which means it is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies.

Cryptocurrencies are a digital currency that are designed to be exchanged through a computer network and do not rely on any central authority, such as the government or banks. Two of the common cryptocurrencies are Bitcoin and Ethereum.

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What is a Bitcoin ETF and Why Does It Matter?

Bitcoin ETF pools investor money to purchase Bitcoin directly. A Bitcoin ETF is managed by an investment firm and listed on a traditional stock exchange.

WHAT IS DIRECT INVESTMENT IN BITCOIN?

Direct Investment in Bitcoin simply means Trading directly through a crypto exchange such as Binance. This pattern as I have observed can be complicated for some investors or newbies in the crypto platforms. Now with the introduction of ETFs tied to Bitcoin, the process of investing could become much simpler for the novice.

WHAT IT ALL MEANS!

Investors will now be able to benefit from the added protections of the ETF structure and get Bitcoin exposure as part of a diversified portfolio with less volatility. However I feel this could take away the decentralized privilege that comes with personal investment in Crypto.

Also most of these big commercial investors might rip off some ignorant newbies and enmass wealth to their disadvantage which is inimical to the tenets of the crypto currency ecosystem and industry.

MY OPINION!!!

I will also go for personal Bitcoin Investments against any form of institunalized surrogate in whichever form such as ETF. As an investor be careful who you handover your hard earned funds.

Thank You For Reading!!!

Please if you find this article useful, kindly share to others, FOLLOW ME For more insight, Like, and drop a comment below let's reason together.
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BITCOIN LATEST MOVE!!!

Bitcoin Rises Above $67K, but Lags Broader Crypto Market such as ETHERUM, SOLANA, LINK etc which Post Big Gains.

This could be attributable to Softer U.S. inflation figures and big institutional interest in the spot bitcoin which helped turn sentiment around.

The price of bitcoin has nudged above the $67,000 level for the first time in nearly one month following eight weeks of sideways-to-lower action.

As I write this, Bitcoin was trading at $67,250, up 2.8% over the past 24 hours and about 10% from its lowest levels on Monday. That lagged the broader CoinDesk 20 Index, which was ahead 4.4% over the past 24 hours and about 12% from the Monday low.

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WEB 3 FUNDAMENTALS!

You’ve likely heard the buzz around Web3, the so-called future of the internet. But what exactly is Web3? In this beginner-friendly guide, I’ll unravel the concept of Web3 in simple terms, explore how it differs from Web1 and Web2, and understand the key reason behind its emergence.

At the heart of Web3 is the quest for a more equitable and decentralised internet. In the current Web2 model, users are considered vulnerable. They provide valuable data, but often have limited control over it, while tech giants profit. They create art and music that they’re forced to hand over ownership of to avoid piracy, so they don’t receive value and it’s vulnerable to censorship.

Web3 aims to empower users by decentralising data ownership and control using blockchain technology This not only enhances user privacy but also enables peer-to-peer interactions.

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What do you like More about Web3?

SOLANA Flying to the Mars!!

As reported, Solana gained 2% on March 14, despite not sustaining the $173 level. Remarkably, this movement happened amid a 4% downturn in the wider cryptocurrency market.

WHAT IS THE CURRENT SITUATION?

Currently priced at $164, SOL has seen an impressive 36% increase since March 5, prompting investors to wonder whether the catalysts for a bull run toward $200 still exist.

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WEB 3 WHAT YOU SHOULD KNOW!!!

Web 3.0 has the potential to be just as disruptive and to usher in a significant paradigm shift as Web 2.0 did. The fundamental ideas of decentralization, openness and increased consumer usefulness form the foundation of Web 3.0. Web 3.0, often known as Web 3, is the next step in the development of the internet.

It is anticipated that Web 3.0 will be!

1. Open - Open-source software will be used to build content platforms.

2. Trustless - Everyone will use Zero Trust, and network protection will reach the edge.

3. Distributed - Interaction between devices, users, and services will be possible without a centralized authority's approval.

Blockchain te6chnology will make it possible for users to communicate directly with one another throughout the next stage of the internet. Users will communicate by becoming a part of a Decentralized Autonomous Organization (DAO), a group that is run and owned by its community.

The following are further Web 3 forecasts:

1. All transactions will be tracked on a distributed ledger that uses a technology, and data transfers will be decentralized.

2. Smart contracts that are open to everyone will relieve people of the need to rely on a centralized organization (like a bank) to maintain data integrity.

3. The entertainment sector will significantly increase its revenue from the metaverse.

4. It will make it possible for consumers to instantly produce digital goods and non-fungible tokens (NFTs), which will protect intellectual property and personally identifiable information (PII).

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State of Digital currencies in Nigeria

As of Q3 2023, Africa is currently the fastest-growing digital currency market among developing economies and the third-fastest growing market in the world. At this rate, many have poised Africa to be the next hub of digital currencies development. At the centre of all this, Nigeria is one of the main African countries driving Africa’s digital currencies growth, having ranked 2nd in P2P usage worldwide.

What you should know!!!
In terms of digital currencies-related use according to a report done by Chainalysis, a US data platform. According to Google and other search engine’s data, Nigerians are the most “digital currencies-crazy” nation as they rank first among 15 countries surveyed.

What could be the driver of the adoption.*

This surge in digital currencies adoption amongst Nigerian could be attributed to a lack of access to traditional financial services. Additionally, the depreciation of their domestic currency, the Naira alongside rising inflation could be another major factor contributing to Nigerians holding digital currencies as their main form of assets.

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🌀LATEST TOP TRENDING CRYPTO 📉

This list is sorted by coins that are most searched for in the last 3 hours. 

These are the top Trending Cryptos in the past 3Hours!

📉Unibright
📉OpSec
📉PaLM AI 

🌀Are the top 3 trending crypto now.

In the past 24 hours, the price of Unibright changed by 61.4%, OpSec price changed by 18.3%, and PaLM AI price changed by 2.3%.

Follow for more Updates and like, share and comment!

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BREAKING: NIGERIAN GOVERNMENT CLAMPDOWN ON CRYPTO CURRENCY CONTINUES.

P2P exchange rate concerns!

Last week, the Nigerian government restricted access to the online platforms of various crypto firms, including Binance. The regulators argued that this would prevent what they perceived as ongoing manipulation of the foreign exchange market and the unlawful movement of funds.

However, as is well known in the crypto industry, the exchange rates on P2P markets are not controlled by crypto exchanges — rather, the rate is the price at which two individuals agree to trade their assets.

This will make it the second time in few years the crypto currency industry has come under attack by the establishment.

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WEB 3 Update!!!

Japan is seeking to relax its venture capital (VC) crypto investment rules, allowing VCs to invest in Web3 startups that only issue cryptocurrencies. The Japanese Cabinet has approved revisions to the Act on Strengthening Industrial Competitiveness.

What You Should Know!!!

As part of the proposed amendments, the Cabinet seeks to add crypto assets to the list of assets that investment business limited partnerships (LPS) can acquire. LPSes are typically funds that invest in unlisted companies and startups.

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#TrendingTopic
#Web3Investing

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Latest!!!

Bullish News to Watch!!!

Crypto Price Today: Bitcoin trades near $40,000; Solana, Tron rise up to 3% The global cryptocurrency m-cap advanc$BTC $SOL $BNB ed 0.11% to around $1.55 trillion in the last 24 hours. 

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Breaking!!!
Government Of Thailand Makes a very Big Decision About Cryptocurrency and Web 3.

We are in for a good time!
Watchout for some Bullish Sentiments across Board!!!

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WEB 2.0, WHAT IS IT ALL ABOUT?

If you have been following this series, you must have noted our progress and a little brief about WEB 1.0. This as we mentioned was the Genesis of the internet as we know it.

However, in the mid-2000s, a new crop of internet companies emerged such big Techs as Facebook, Twitter (now X), empowered users to create their own content. But there was a cost to these free-to-use emergent social software platforms that many users weren’t aware of. That is monetization of user activity and data by selling them to advertisers, and also retainance of control over decisions, functionality and governance.

This radical change suffocated the internet, strippled it's core objectives and now we are stepping into the Web 3. The best era of the internet.💫👌

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WEB 1, WHAT YOU SHOULD KNOW?

Web1 was the first draft of the internet, it held sway from the 1990s to early 2000s. It's the first generation of the internet as we know it today.

At that point, most persons have very limited knowledge of internet and what it can do. There was generally a lot of misconceptions that was very much prevalent about what internet is and those behind it. Much of Web1 was built using “open protocols,” which are ways of exchanging information that can be used by anyone.

As Web1 progressed, individuals and companies began using the internet increasingly for e-commerce, as well as for scientific research. And here it progressed to Web 2.0. 💫👌

Please don't forget to Follow, Like and Share as we take on this Crypto and Web generations journey together.🚖

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WHY WEB 3.0 IS THE NEXT BIG BOMB!!!

WEB 3.0 is ultimately the next big thing. Apart from security guarantees and other privacy enhancement, it's prime to bring much more to entire Crypto Family and Netizens.

WEB 3.0 has the potential to be just as disruptive and to usher in a significant paradigm shift as Web 2.0 did. You remember how Social media took the center stage. Web 3.0 is coming with a greater bomb. We're almost at the middle of a life time Internet revolution.

The fundamental ideas of decentralization, openness and increased consumer usefulness form the foundation of Web 3.0.
It's time to fully embrace this next step in the development of the internet.

Please ensure you follow as we take this journey together 💫👌

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WEB 3.0

WHAT YOU NEED TO KNOW!!!!

Web 3.0 introduces the concept of self-sovereign identity, where users have complete control over their personal data. To brings Decentralization to its fullness. It also allows you to manage your online identity without relying on central authorities.

Advantage: It therefore enhances your online privacy and reduces the risk of data breaches.

Please follow as we take this journey together.💫👌

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The coming year promises to be very interesting in the Web3 Ecosystem. One of best ways to stay ahead is by consistent investment in key projects. Master the market moves and swoop in immediately.

Please follow as we play along.
Wishing you an amazing year💫👌

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The BTcC sudden rise is a testament of the resilience cryptocurrency industry. We may just be on our way to the rooftop.

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