Everything Tech and Finance News & Guides
The Nigerian government announces a significant initiative to support the country’s economy, earmarking N200 billion to aid small businesses and manufacturers. Minister Doris Uzoka-Anite reveals the plan’s details, emphasizing the allocation of funds and the application process.
PayPal is teaming up with Energy Web and DMG Blockchain Solutions to reward Bitcoin miners who use clean energy. Their plan gives special rewards to miners who use sources like wind or solar power. This aims to make Bitcoin mining more eco-friendly and fair. However, some worry about the huge amount of energy Bitcoin mining uses.
Google swiftly introduces Android Auto 11.8, signaling a shift away from prolonged beta testing. This update, released shortly after version 11.7, prioritizes performance enhancements, bug fixes, and a notable addition: support for phone icons and wallpapers on the Android Auto screen. Addressing a persistent voice command issue in WhatsApp, Google ensures a smoother user experience. Accessible via the Google Play Store or direct download, Android Auto 11.8 promises to streamline the in-car digital experience.
The crypto market is alive with action! Bitcoin’s halving and Telegram’s integration of Tether payments have analysts re-evaluating their predictions. This week, keep an eye on Bitcoin (BTC) to see how it reacts to the halving, Tether (USDT) to see how Telegram integration impacts adoption, and Solana (SOL) as it continues its impressive run. Remember, this is not financial advice, do your own research before investing.
Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, revealed during a briefing at the ongoing Spring Meetings of the IMF and World Bank in Washington DC that the majority of Nigeria’s tax revenue, approximately 90%, comes from just nine tax categories out of the 80 in existence.
Tether, a stablecoin designed to match the value of the U.S. dollar, is experiencing significant growth in emerging markets where access to traditional currency is limited. CEO Paolo Ardoino notes a shift from pure cryptocurrency trading to Tether becoming the preferred digital dollar, particularly in countries like Argentina, Turkey, and Vietnam.
During the Token2049 conference in Dubai, Telegram’s founder Pavel Durov unveiled a groundbreaking vision, transforming how users engage with Toncoin (TON) and NFTs within the platform. With features like direct payments in TON for advertising services, tipping content creators, and trading stickers as NFTs, Telegram is poised to redefine social media interaction on a decentralized frontier.
Historically, halving events have been associated with increases in the price of Bitcoin, although the extent of this rise depends on various market factors and sentiments.
Alphabet-owned Google has confirmed layoffs as part of its cost-saving measures, with affected employees offered internal roles. The move follows a trend of job cuts in the tech industry, signaling ongoing economic challenges.
Experts met in Washington DC to talk about how Nigeria can get more money from people abroad. They want to make it cheaper for them to send money home and change some rules. Nigeria gets about $20.5 billion each year from these transfers. The new rules aim to make it easier and encourage more money to come in.