Author: bitbiz

The Economic and Financial Crimes Commission (EFCC) has seized the international passport of the immediate past governor of Delta State, Ifeanyi Okowa.

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Okowa was picked up by the anti-graft agency on November 4, 2024, over an alleged diversion of N1.3tn derivation fund.

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The N1.3trn was a 13 per cent derivation fund from the federation account between 2015 and 2023.

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He was also accused of failing to render accounts of the funds as well as another N40bn he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas.

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Okowa also allegedly bought shares of N40bn in one of the major banks in the country, representing eight per cent equity to float the offshore LNG.

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According to sources in the commission, Okowa was at the EFCC office in Port Harcourt, Rivers State and was subsequently arrested by officials of the commission.

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A source told Punch that Okowa had been released since last week Wednesday, after meeting his bail conditions.

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The source said one of the conditions was to submit his travel documents with the agency, pending the conclusion of the matter.

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The statement reads:

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“Okowa is no longer in our custody. He was released last Wednesday after meeting his bail conditions, which include depositing his travel documents with the commission, pending the conclusion of our investigations of the allegations against him.

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“The sum allegedly is too huge to take risks. And what we have done is not out of place. This is to prevent anyone under investigation from jumping the bail he/she had been granted.”

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The post JUST IN!!! EFCC seizes Okowa’s passport appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.

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Here’s an outline for the article based on the topics from the image:

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All About Dogecoin Crypto

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Dogecoin, initially created as a joke, has grown into a well-known cryptocurrency. Launched in 2013 by Jackson Palmer and Billy Markus, Dogecoin features the Shiba Inu dog as its logo and has developed a loyal following. Unlike Bitcoin, which has a limited supply, Dogecoin has an abundant supply, with new coins continuously minted. This high supply contributes to its relatively low price, making it popular for tipping and small transactions. Dogecoin’s community is known for its charitable initiatives and lighthearted approach to cryptocurrency.

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Cryptocurrency wallet applications

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Cryptocurrency wallets are digital tools used to store, send, and receive digital currencies. They come in different types, each offering varying levels of security and accessibility:

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1. Hot Wallets: Connected to the internet, including mobile apps (e.g., Trust Wallet) and web-based wallets.

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2. Cold Wallets: Offline storage solutions, such as hardware wallets (e.g., Ledger) and paper wallets, providing enhanced security for long-term holdings.

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When choosing a wallet, factors like transaction frequency and security needs should be considered.

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Basic Overview of Crypto Mining

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Crypto mining is the process of validating transactions and adding them to a blockchain. Mining involves solving complex mathematical problems, for which miners are rewarded with cryptocurrency. There are different mining methods, such as solo mining, pool mining, and cloud mining. Mining requires substantial computational power and consumes a significant amount of energy, leading to concerns about its environmental impact. While profitable, mining demands considerable technical know-how and equipment.

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How Decentralized Finance (DeFi) or Ethereum Work

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Decentralized Finance (DeFi) refers to a range of financial services built on blockchain technology, primarily on Ethereum. DeFi aims to create an open financial system that operates without intermediaries like banks. Users can lend, borrow, trade, and earn interest on assets in a decentralized environment. Smart contracts, which are self-executing contracts with the terms of the agreement directly written in code, power these DeFi applications. Ethereum, the primary platform for DeFi projects, provides the infrastructure for building decentralized applications (DApps) and supports various tokens and assets.

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The Basics of Crypto Trading

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Crypto trading involves buying and selling digital assets to profit from price fluctuations. Different types of trading strategies include:

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1. Day Trading: Buying and selling within the same day.

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2. Swing Trading: Holding assets for several days to capitalize on trends.

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3. HODLing: Holding assets long-term despite market volatility.

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Crypto trading also requires understanding technical analysis, risk management, and market trends. Due to its volatility, crypto trading can be risky, so thorough research and a solid strategy are essential.

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The cryptocurrency trading Bot

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Cryptocurrency trading bots are automated software tools that execute trades based on predefined strategies. These bots can help traders manage multiple assets and capitalize on market opportunities. Bots come in different types, from arbitrage bots that take advantage of price differences across exchanges to trend-following bots that track market trends. While they can be effective, bots require careful setup and monitoring, as they follow programmed rules and cannot adapt to unexpected market events.

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Ways to Buy and Invest in Bitcoin

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There are multiple ways to buy and invest in Bitcoin:

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1. Cryptocurrency Exchanges: Platforms like Coinbase and Binance allow users to purchase Bitcoin using various payment methods.

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2. Peer-to-Peer (P2P) Platforms: P2P platforms enable users to buy Bitcoin directly from other individuals.

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3. Bitcoin ATMs: Physical machines that allow cash purchases of Bitcoin.

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4. Investment Trusts and ETFs: Indirect ways to invest in Bitcoin through traditional financial products.

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Each method has its advantages and considerations, so it’s important for investors to choose the option that best fits their goals and security needs.

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Let me know if you need more detailed sections for any of these topics, or if you would like a complete, cohesive article written out.

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The post How Decentralized Finance (DeFi) or Ethereum Work appeared first on crypto365daily.com.

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Ways to Buy and Invest in Bitcoin
Bitcoin has become one of the most popular options for investing in cryptocurrencies. If you’re wondering how to buy and invest in Bitcoin, the first step is to open a suitable cryptocurrency wallet. Next, you’ll need to choose a crypto exchange or trading platform to purchase your Bitcoin. It’s crucial to understand the process, including how Bitcoin is stored and how it can be exchanged for other currencies or further invested.

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The cryptocurrency trading Bot
A cryptocurrency trading bot has become an essential tool for investors who want to automate their trades. The bot is programmed to analyze market trends and make trades on behalf of the user, which can be particularly useful in a fast-moving market like cryptocurrency. Using a cryptocurrency trading bot allows investors to trade 24/7 without manual input, providing opportunities for profit even when they’re not actively trading.

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The Basics of Crypto Trading
The Basics of Crypto Trading involve understanding how to buy, sell, and exchange various cryptocurrencies. New investors often begin by learning The Basics of Crypto Trading to familiarize themselves with market behavior and different trading strategies. Whether it’s short-term day trading or long-term investing, mastering The Basics of Crypto Trading is essential for success in the volatile cryptocurrency market.

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How Decentralized Finance (DeFi) or Ethereum Works
Decentralized Finance (DeFi) and Ethereum are revolutionizing the financial world by eliminating the need for traditional intermediaries. DeFi operates on platforms like Ethereum, which uses smart contracts to automate financial transactions, providing a transparent and open financial system. Understanding how decentralized finance or Ethereum works is key for anyone looking to participate in this new financial landscape.

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Basic Overview of Crypto Mining
Crypto mining is the process of validating transactions and securing the blockchain by solving complex algorithms. A Basic Overview of Crypto Mining reveals that miners are rewarded with new coins for their work, making it a crucial component of maintaining the decentralized nature of cryptocurrencies. Understanding the Basic Overview of Crypto Mining can help investors appreciate the infrastructure behind their favorite coins.

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Cryptocurrency wallet applications
Cryptocurrency wallet applications are vital for safely storing and managing digital assets. These wallets allow users to send, receive, and monitor their cryptocurrency holdings. The range of Cryptocurrency wallet applications offers different levels of security and convenience, depending on whether the user chooses a software, hardware, or online wallet. Familiarizing yourself with Cryptocurrency wallet applications is important for any crypto investor.

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All About Dogecoin Crypto
Dogecoin, initially created as a joke, has grown into a significant player in the world of cryptocurrency. All About Dogecoin Crypto revolves around its active community, charitable donations, and growing use as a means of exchange. Whether you’re new to Dogecoin or have been following its rise, knowing all about Dogecoin crypto will help you understand why it’s become a favorite among both novice and experienced investors.

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The post Ways to Buy and Invest in Bitcoin appeared first on crypto365daily.com.

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The Basics of Crypto Trading
Crypto trading has become increasingly popular as more people discover the potential for high returns. Understanding The Basics of Crypto Trading is essential for anyone looking to enter the market. Whether you’re trading Bitcoin, Ethereum, or any other cryptocurrency, knowing the fundamentals can significantly impact your success. The Basics of Crypto Trading involve understanding market trends, learning how to use trading platforms, and developing strategies that align with your financial goals. By mastering The Basics of Crypto Trading, you’ll be better equipped to navigate the volatile crypto markets and make informed decisions.

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How Decentralized Finance (DeFi) or Ethereum Work
In recent years, the rise of decentralized finance (DeFi) has transformed the financial landscape. Understanding how decentralized finance (DeFi) or Ethereum works is crucial for anyone interested in this revolutionary sector. DeFi operates without intermediaries, allowing users to interact directly with financial services. By leveraging smart contracts on the Ethereum blockchain, DeFi projects enable lending, borrowing, and trading in a trustless environment. Learning how decentralized finance (DeFi) or Ethereum works opens up a world of possibilities for financial innovation and greater control over your assets.

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Basic Overview of Crypto Mining
Crypto mining is the backbone of many cryptocurrencies, ensuring the security and integrity of the blockchain. A Basic Overview of Crypto Mining will help you understand the process of validating transactions and earning rewards. Whether you’re interested in mining Bitcoin or another cryptocurrency, it’s important to grasp the Basic Overview of Crypto Mining before investing in equipment or resources. This Basic Overview of Crypto Mining covers the hardware requirements, the energy consumption involved, and the potential profits that can be made.

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Cryptocurrency wallet applications
Securing your digital assets is a top priority for any crypto enthusiast, and Cryptocurrency wallet applications play a crucial role in this. With the right Cryptocurrency wallet applications, you can store, send, and receive various cryptocurrencies safely. There are many Cryptocurrency wallet applications available, each offering different features and security measures. Choosing the right one depends on your needs, whether you prefer a hardware wallet for offline storage or a mobile app for easy access.

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All About Dogecoin Crypto
Dogecoin started as a meme but quickly grew into a significant player in the crypto world. Learning All About Dogecoin Crypto is important if you’re considering adding it to your portfolio. Known for its friendly community and low transaction fees, Dogecoin has gained popularity for tipping and charitable donations. Discovering all about Dogecoin crypto includes understanding its history, how it’s mined, and its use cases. Whether you’re a fan or a skeptic, knowing all about Dogecoin crypto can help you decide whether it’s a good investment for you.

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The post TEST appeared first on crypto365daily.com.

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Bitcoin is a decentralized digital currency system, designed to give Internet users the ability to process transactions through a digital exchange unit known as Bitcoins.

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The Bitcoin system was created in 2009 by unknown developers. Since then, Bitcoin has gained great attention and also controversy as an alternative to the euro, the US dollar and common currencies such as silver and gold.

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Increase popularity

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Bitcoin did not receive much attention in the world of finance and commerce before the year 2009. It increased in the period 2011-2012, when it gained more than 300%. Bitcoin’s value has grown over 400% since August last year. As a result, venture capital firms and investors around the world continue to place importance on cryptocurrency.

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In the first half of 2014, venture capital firms invested $ 57 million in Bitcoin in the first quarter, followed by another $ 73 million in the second quarter, totaling $ 130 million, which is 50% higher than last year’s sum $ 88 million. This is in stark contrast to the scenario in 2012, where Bitcoin companies have accumulated a relatively small sum of $ 2.2 million.

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These statistics prove unequivocally that Bitcoin is worth your investment, which begs the question: how can you invest in and buy Bitcoin?

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Guideline for Bitcoin investment:

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The  least complicated and easiest method of investing in Bitcoins is by buying bitcoins. There are many established companies, mainly in the United States and abroad, that are dedicated to the sale and purchase of bitcoins, abbreviated as BTC.

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BitStamp

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BitStamp complies with the requirements of a conventional bitcoin exchange. Here the liquidity is higher and you always have a good chance of finding someone who is willing to do business with you. There is a 0.5% upfront fee, which can be reduced to 0.2% if you trade $ 150,000 over a 30 day period.

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Coinbase

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Coinbase supplies its customers with BTC for about 1% more than the existing market price. US residents have the option to synchronize their Coinbase wallets with their bank accounts. As a result, future payment transfers become free. This company also offers the option to automatically buy bitcoin from time to time.

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Remember the conditions before you start using this service. If you have subscribed to an automatic currency exchange service, you will not be able to control the price at which BTC is purchased monthly. Note that Coinbase does not function as a Bitcoin exchange, so you buy and sell the coins directly from the company. Since the company needs to obtain currencies from other buyers, you may encounter delays or interruptions during the order during rapid market movements.

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Using local currencies is an alternative way to buy Bitcoins

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Conclusion

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Bitcoin is not just a modern trend. Capital investment companies consider Bitcoin a decent replacement for conventional currency in the long run. Above are the best ways to enter the realm of bitcoin investments.

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The post Ways to Buy and Invest in Bitcoin appeared first on crypto365daily.com.

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The cryptocurrency market has become very popular and every trader is looking for a good way to do trading. However, it is a very unstable market that is difficult to maintain, especially considering that this is a market that never sleeps, unlike the stock market. Trading bots are robots that have been created to make things simple for traders. A trading bot program can be defined as a software program designed to interact directly with the financial exchange market so that meaningful information is obtained and interpreted.

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Bots make decisions by controlling the movement of market prices and using pre-programmed rules to stop losses. The bot program analyzes market shares such as orders, price, and volume according to your tastes and preferences as a trader and makes the decision. If you are interested in trading with bitcoins, you can choose the best bitcoin trading bot to facilitate the process for you. But with so many bots available, how do you know which one is the best?

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Customization and ease of use

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All necessary information must be easy to find in a good trading bot and revenue displayed, along with all aspects of trading that include current buy-sell orders. The interface should be easy to use, even for beginners. You just need to enter your numbers and pairs then start trading with a click of a button. In addition to being simple even for beginners, a customizable trading bot is even better, because you can change the look of the bot to have a program that you need and which meets your necessities.

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Operating system compatibility

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Not all bots are designed the same way and not all traders will use the same operating systems. That’s why you want to get a platform that works on all operating systems. With this kind of bot at your side, you can access your businesses on Windows, Linux, or Mac, depending on the device you are using. With your settings and orders on USB, you just need to connect it to a computer and continue trading with the operating system. A standalone bot program that does not require installation and is compatible with all systems will be very convenient in the end.

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Support for pairs, currencies, and currencies

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In addition to bitcoin, you may be a trader interested in other pairs, currencies, and exchanges. Therefore, it may be more useful to find a trading bot that can accommodate different currencies offered by major exchanges. A fully stacked crypto bot will work very well for a spontaneous trader.

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Other bot features that can be useful are reports, notifications, history, and real-time testing, among others. Learn more and choose the best application.

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The post The cryptocurrency trading Bot appeared first on crypto365daily.com.

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Investing in the cryptocurrency market is often difficult, especially for new investors. This is because investing directly in Crypto requires the use of new tools, technologies and the adoption of some new concepts. If you decide to dive into the world of cryptocurrency, you need to have a clear idea of what to do and what to expect.

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Be it Ethereum, Litecoin, Bitcoin or any of the crypto tokens, selling and buying cryptocurrencies requires that you choose a trade that deals with the products you want.

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As the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so predominantly that the terms bitcoin and crypto are sometimes used interchangeably. However, the fact is that there are also other cryptocurrencies that you can trust to make cryptocurrencies investments.

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Ethereum

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Ethereum is a decentralized software platform that allows distributed software and smart contracts to be executed without interference from third parties. The currency is ether, which looks like an accelerator within the ethereum platform. In the main space cryptocurrency, Ethereum. it is the second preferred option after Bitcoin.

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Litecoin

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Litecoin is a decentralized open source payment gateway that works without involving an intermediary. How does Litecoin differ from Bitcoin? Well, both are similar in many ways, but Litecoin’s blockchain generation is much faster than Bitcoin. This leads traders around the world to accept Litecoin.

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Although Litecoin lacks Bitcoin’s anonymity technology, recent reports have shown that Litecoin is preferred over bitcoin because of its persistence. Another factor that favors Litecoin is the Bitcoin SegWit technology, which means safe interbank currency trading without involving exchange participation.

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Dash

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It was launched in January 2014, under the name of Xcoin. The currency was intended to exterminate all of Bitcoin’s dominant limits. Currently Bitcoin has achieved an excellent position in the cryptocurrency market.

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Zcash

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Zcash gained attention in late 2016 and focuses on solving the problem of anonymous transactions. The currency offers the option of the protected transaction to maintain the security, transparency and privacy of the transactions. This means that investors can transmit data in the form of an encrypted code.

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The alternative to normal currency, which promises anonymous and secure transactions through digital networks, is cryptocurrency. The secret to making a lot of money is to make the right investment at the right time. In comparison to daily gain, crypto models work without involving any intermediaries as a decentralized digital mechanism.  

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Crypto is known for its fast transactions in relation to any other currency mode, such as digital wallets and other means. In addition to what we have discussed above; other major cryptocurrencies include Ripple (XRP), Currency (XMR), EOS, and Bitcoin Cash (BCH).

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Although Bitcoin is the trend-master and leads the race, other currencies have also gained significant positions and are growing preferentially every day. Considering the trend, the other cryptocurrencies will stay for a long time and may soon be making it very difficult for Bitcoin to maintain its position.

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The post The Basics of Crypto Trading appeared first on crypto365daily.com.

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Ethereum decentralized finance, or “DeFi” for short, is among the best in the world of blockchain and cryptography. Although everyone and their businesses made an “initial money offer” or ICO, few companies have seen the potential of a blockchain much more than a rapid price gain. These pioneers envisioned a world in which financial applications, such as transactions, savings, banking, or insurance could all be done on the blockchain, without intermediaries.

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To understand the potential of this revolution, imagine if you had access to a savings account that gives ten percent a year in dollars, but without a bank and almost no financing risk. Imagine being able to exchange insurance with a farmer in Ghana sitting in his Tokyo office. Imagine being able to be a merchant and collect fees as a percentage that each investor would want. It sounds too good to be true? It is not. This future is already here.

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Ethereum Blocks

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There are some basic DeFi building blocks that you need to know before we proceed:

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Loans with excessive guarantees or the power to “use your assets” for long-term owners, traders and speculators.

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Automated market creation or exchange of an asset for an unreliable one without a clearinghouse or an intermediary.

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Algorithmics that follow the price of what is not physical nor supported by material objects.

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Understand how DeFi is made

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Stablecoins are often used in DeFi because they mimic traditional currencies like the US dollar. This is an important development, as the history of cryptography shows how volatile things are. Stablecoins like the DAI are designed to track the value of the US dollar with small deviations, even during strong bear markets, even if the price of crypto falls as the 2018-2020 bear market.

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Loan protocols are an interesting development, usually based on stable coins. Imagine if you could lock your belongings with a million dollars and then borrow with coins after stability. The protocol will automatically sell your assets if you fail to repay the loan when your collateral is no longer sufficient.

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Automated market makers. Without it, you are stuck with the legacy financial system, which you need to trust your broker, stock exchange or capitalization company. Automated market makers or AMMs allow you to exchange one asset for another based on a reserve of both assets in your groups. Price detection takes place through external arbitrators. Liquidity comes with other people’s assets and they have access to business rates.

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Now you can expose yourself to a wide variety of activities in the Ethereum ecosystem and without ever interacting with the traditional financial world. You can make money by being a trader or lending assets.

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For the developing world, this is a surprising innovation, as they now have access to the complete set of financial systems in the developed world, without barriers to entry.

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The post How decentralized Finance (DeFi) or Ethereum work. appeared first on crypto365daily.com.

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Crypto mining is the process by which trades are controlled and added to the public record, known as the blockchain, and, in addition, the methods by which new coins are downloaded. This is done by the Miner or anyone with access to the site, who has reasonable equipment and is interested in mining.

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When you mine, transactions taking place in the cryptocurrency network are monitored and computer systems identify. The rate depends on the tests done per second to solve a block made by the machine. It is advisable to go through several websites and see the reviews. And above you must focus on reliable and paid sites. Never choose only based on plans and price, try to understand also the technical aspects. Consumption and efficiency must be monitored.

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Advantages of crypto mining:

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The biggest advantage of crypto mining for example bitcoin is that the transaction between two individuals takes place without the involvement of a third party. No one can control your money. Nothing can control. It is completely decentralized money.

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The second advantage of mining is that the generation, transfer, and verification of coins, depends on the common public. Cryptocurrencies are also growing fast, currently, bitcoin is equal to Gold, and it is very easy to use to buy products online, especially for international purchases.

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Unlike the pound, the dollar, or euro, which can be printed out of nowhere by governments and decrease in value, Cryptocurrencies are limited in the amount that can be “extracted” as well as gold.

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It is not geographically or politically limited – Crypto is a universal digital currency, to be more specific, a cryptocurrency that is based on a cryptocurrency algorithm. Mining is the process by which trades are controlled and added to the public record, known as a blockchain, and in addition, the methods by which new coins are downloaded.

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Factors to consider in crypto mining

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Crypto mining requires a lot of electricity and a special place to store the machines. To solve this problem, you can get help from the housing service for miners. You can also put your machine in a professional data center and get rid of those worries. The other best option for starting miners is software, as it is very secure and easy to manage. A wallet can be easily downloaded to your computer, where your coins can be stored.

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You must also have your public key to trade. If someone needs to send coins to you, they need to know your public key. Every address is traceable and public. In contrast, we have a private key, it is secret and can be used to send transactions. If you lose your private key, you will lose your coins placed at that specific address forever, so be careful.

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The post Basic Overview of Crypto Mining appeared first on crypto365daily.com.

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Cryptocurrency wallet applications are used on various devices to perform the functions of cryptographic assets conveniently and quickly. There are several payment encryption methods available on the market. Having a cryptocurrency wallet can help to enhance important transactions, share or store digital currency. The development of cryptocurrencies has become an important part due to the possibility of non-cash payments for major business and financial transactions.

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With emerging blockchain services, the development of the blockchain wallet plays an important role in building scalable and secure cryptocurrency wallets, depending on the needs of the business processes. The need for a cryptocurrency wallet has developed modern financial methods. Few features in the blockchain currencies make wallets more efficient than traditional cryptocurrency payment methods.

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Advantages of cryptocurrency wallet:

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• The whole network is based on the concept of decentralization, allowing only a group of people to control financial transactions.
• Transactions can be made through a desktop and mobile wallet app. It is easier to make and receive payments during traffic.
• Transaction fees are low compared to fees imposed by other financial institutions

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Types of encryption wallets:

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• Internet / Online Wallet – Access online wallets without installing a program.
• Desktop – software installed on a personal computer (s).
• Paper wallet – a piece of paper printed with information stored in the form of QR codes and keys.
• Hardware – like USB, which stores private keys.
• Mobile – install the app on your smartphones to use the app.

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Features of encryption wallets:

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• Security – standard codes or PIN codes for accessing applications and assets.
• Registration – Login and Logout
• Profile – User information
• QR code reader – receive and send payments
• Payments – the option to send money via URL links, QR codes, or NFC.

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What you need to know to use digital wallets:

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Know the currencies that need to be integrated into the application.

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Know the scope of your business operations, as resource development will depend entirely on the goal.

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Understand whether the need is to develop only one cryptocurrency application for occasional transactions or if a platform is needed that manages multiple digital currencies for a regular process.

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The development of encryption wallets requires high security to preserve your assets, so a high-quality encryption method is needed for users. It is essential to have a strong and long password. All of this is necessary to protect wallets and protect them from common threats.

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Conclusion

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Digital wallets have created several opportunities at different levels of the industry and have made the business world completely digital. They help to facilitate transactions without fraud. Easy international trade, low rates, easy access, and easy settlement are the best options these portfolios offer us. Soon, digital coins and wallets will be accessible to everyone.

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