Add – Coin Network News https://coinnetworknews.com If it's coin, it's news. Tue, 09 May 2023 12:55:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Experts Say Nigeria’s Blockchain Adoption Strategy Likely to Add Clarity and Legitimacy to Ecosystem – Blockchain Bitcoin News https://coinnetworknews.com/experts-say-nigerias-blockchain-adoption-strategy-likely-to-add-clarity-and-legitimacy-to-ecosystem-blockchain-bitcoin-news/ https://coinnetworknews.com/experts-say-nigerias-blockchain-adoption-strategy-likely-to-add-clarity-and-legitimacy-to-ecosystem-blockchain-bitcoin-news/#respond Tue, 09 May 2023 12:55:46 +0000 https://coinnetworknews.com/experts-say-nigerias-blockchain-adoption-strategy-likely-to-add-clarity-and-legitimacy-to-ecosystem-blockchain-bitcoin-news/

The recent approval of a blockchain adoption strategy by the Nigerian government has been described as a milestone that will “add clarity, trust and confidence in the [blockchain] ecosystem.” The unveiling of the adoption strategy document has also been hailed as a step that will lend “some form of legitimacy” to a technology that many Nigerians still only associate with cryptocurrency.

Central Bank Expected to Eventually Change Its Position on Crypto

The Nigerian government’s recent approval of a blockchain adoption strategy has been hailed by advocates of the technology as “a significant milestone for the blockchain industry in Nigeria.” The advocates have also argued that the unveiling of the strategy document by the government helps to lend “some form of legitimacy” to a technology that many still confuse with cryptocurrency.

As recently reported by Bitcoin.com News, the approval of the blockchain strategy followed what Isa Pantami, the country’s minister of communications and digital economy, characterized as widespread consultations with some 56 Nigerian institutions and personalities. However, despite the positive step taken by the government of outgoing president Muhammadu Buhari, some in Nigeria’s crypto space have insisted that this will not result in the Central Bank of Nigeria (CBN) reversing its position on cryptocurrencies.

However, according to Rume Ophi, the executive secretary of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), the Nigerian central bank will eventually change its stance and start regulating cryptocurrencies just as countries like Saudi Arabia have done. Ophi also hinted that the incoming government of Bola Tinubu might result in changed fortunes for Nigeria’s crypto industry.

“A few players in the space think the policy is just an academic exercise but I think with time there will be a balance just like the Markets in Crypto Asset [that has] just [been] approved by the European parliament. The new [Bola Tinubu] administration might just do something different from the outgoing administration,” Ophi said.

Nigeria’s ‘All-Encompassing Approach’ Hailed

Meanwhile, Binance’s director for West and East Africa, Nadeem Anjarwalla, said the approval of the adoption strategy means that Nigeria is “positioning itself as a nation significantly ahead of the curve – supporting further blockchain innovation, user protection, security and economic competitiveness in the long term.”

The adoption strategy will also “add clarity, trust and confidence in the ecosystem” which is still in its very early stages of development. Anjarwalla also commended what she described as the Nigerian government’s “all-encompassing approach” which is laid out in the policy document.

As stated in the National Blockchain Adoption Strategy, the government of outgoing Nigerian president Muhammadu Buhari believes the unveiling of the strategy document will likely bolster efforts aimed at “creating and fostering an efficient, safe, and economically viable digital Nigeria using blockchain technology.” The Nigerian government said it is also confident that the blockchain will not only facilitate the development of Nigeria’s digital economy but will also “enable citizens to have more confidence in digital platforms.”

At its conclusion, the strategy document said while the blockchain is said to pose challenges to governments, Nigeria’s focus will be “on the application of blockchain to resolve business and governance process inefficiencies.”

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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]]> https://coinnetworknews.com/experts-say-nigerias-blockchain-adoption-strategy-likely-to-add-clarity-and-legitimacy-to-ecosystem-blockchain-bitcoin-news/feed/ 0 Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary https://coinnetworknews.com/stronghold-digital-to-add-400-ph-s-capacity-via-4k-bitcoin-miners-from-canaan-subsidiary/ https://coinnetworknews.com/stronghold-digital-to-add-400-ph-s-capacity-via-4k-bitcoin-miners-from-canaan-subsidiary/#respond Sat, 06 May 2023 11:41:34 +0000 https://coinnetworknews.com/stronghold-digital-to-add-400-ph-s-capacity-via-4k-bitcoin-miners-from-canaan-subsidiary/

The 2,000 A1246 and 2,000 A1346 miners will provide a total capacity of 400 petahash per second (PH/S), according to an emailed announcement on Thursday. The A1246 miners will be installed by May 15, while the A1346 miners will be installed by a month later.

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]]> https://coinnetworknews.com/stronghold-digital-to-add-400-ph-s-capacity-via-4k-bitcoin-miners-from-canaan-subsidiary/feed/ 0 Microsoft Partners With Space and Time to Add Real-Time Blockchain Data for Azure Cloud https://coinnetworknews.com/microsoft-partners-with-space-and-time-to-add-real-time-blockchain-data-for-azure-cloud/ https://coinnetworknews.com/microsoft-partners-with-space-and-time-to-add-real-time-blockchain-data-for-azure-cloud/#respond Wed, 19 Apr 2023 15:34:25 +0000 https://coinnetworknews.com/microsoft-partners-with-space-and-time-to-add-real-time-blockchain-data-for-azure-cloud/

“Partnering with Microsoft makes a lot of sense for us and to build with Azure adds a tremendous amount of value for our organization as we build these pillars to ensure that the world has verifiable data in a time where the complexity of data and the transparency of data is going to be more vital than it’s ever been,” Space and Time co-founder and CEO Nate Holiday told CoinDesk in an interview.

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]]> https://coinnetworknews.com/microsoft-partners-with-space-and-time-to-add-real-time-blockchain-data-for-azure-cloud/feed/ 0 Twitter To Add Bitcoin Investing In Partnership With eToro https://coinnetworknews.com/twitter-to-add-bitcoin-investing-in-partnership-with-etoro/ https://coinnetworknews.com/twitter-to-add-bitcoin-investing-in-partnership-with-etoro/#respond Thu, 13 Apr 2023 19:29:27 +0000 https://coinnetworknews.com/twitter-to-add-bitcoin-investing-in-partnership-with-etoro/

When users search for $BTC on Twitter, they will now be able to invest into bitcoin via eToro.

eToro has partnered with Twitter to allow users to invest into assets with $Cashtags, in addition to expanding the number of financial assets that users can see real-time prices for when using the feature. Currently users can see live price charts for a select few financial assets. After the eToro partnership, the list of $Cashtags that produce live price charts will be “hugely expanded,” according to a press release, while users will also be able to click through to the eToro platform to see more information on the asset and have the option to invest. The partnership will cover $Cashtags representing a wide range of instruments on the eToro platform, including Bitcoin.

Twitter added pricing data for $Cashtags in December 2022 and the feature has since seen widespread adoption with more than 420 million searches for $Cashtags since the start of the year, according to the press release. On average, the release says, there are 4.7 million $Cashtag searches a day with activity increasing around prominent earnings announcements. The most commonly used $Cashtag was $TSLA (Tesla), with $BTC (bitcoin) ranking in the top five.

Yoni Assia, CEO and co-founder of eToro, said, “Financial content on social media has provided education to many who have felt excluded by more traditional channels. Twitter has become a crucial part of the retail investing community — it’s where millions of ordinary investors go every day to access financial news, share knowledge and converse.”

“We believe real change starts with conversation and finance and investing is a growing part of that conversation,” said Chris Riedy, vice president, global sales and marketing at Twitter. “We are pleased to partner with eToro to provide Twitter users with additional market insights and greater access to investment capabilities. Twitter will continue to invest in growing the #FinTwitter community.”

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]]> https://coinnetworknews.com/twitter-to-add-bitcoin-investing-in-partnership-with-etoro/feed/ 0 Aptos Bumps Ahead of $50M Token Unlock Which May Add Selling Pressure https://coinnetworknews.com/aptos-bumps-ahead-of-50m-token-unlock-which-may-add-selling-pressure/ https://coinnetworknews.com/aptos-bumps-ahead-of-50m-token-unlock-which-may-add-selling-pressure/#respond Tue, 11 Apr 2023 08:19:38 +0000 https://coinnetworknews.com/aptos-bumps-ahead-of-50m-token-unlock-which-may-add-selling-pressure/

Token unlocks are significant events that have the power to sway the market as participants react to the move. The addition of tokens to the market allows early investors, developers, or other holders to sell their assets while the price is still high – which contributes to selling pressure.

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]]> https://coinnetworknews.com/aptos-bumps-ahead-of-50m-token-unlock-which-may-add-selling-pressure/feed/ 0 Top 7 virtual reality movies to add to your watchlist https://coinnetworknews.com/top-7-virtual-reality-movies-to-add-to-your-watchlist/ https://coinnetworknews.com/top-7-virtual-reality-movies-to-add-to-your-watchlist/#respond Mon, 20 Mar 2023 14:46:53 +0000 https://coinnetworknews.com/top-7-virtual-reality-movies-to-add-to-your-watchlist/

Virtual Reality (VR) movies add a new dimension to entertainment by immersing viewers in a fully-realized three-dimensional environment. The immersive experience can transport viewers to new and exciting worlds, allowing them to fully explore and interact with their surroundings. This adds interactivity and engagement that classic movies cannot match.

VR movies can also provide a heightened sense of immersion and realism, allowing viewers to feel like they are truly part of the story. Additionally, VR technology can allow for new and innovative storytelling techniques, such as 360-degree storytelling, which can provide a more immersive and engaging experience for viewers.

Here are top seven VR movies to add to your watchlist.

Avatar

Set in the future, this movie follows the story of a paralyzed marine sent to a distant planet to take part in a mission to mine for valuable resources. He eventually falls in love with the alien way of life, and is conflicted between remaining loyal to his human coworkers and his newfound alien pals.

The Matrix

A timeless science fiction film that investigates the nature of reality and what it means to be human. The tale’s protagonist is a computer programmer who learns that the world he believed to be real is actually a computer simulation run by a collection of machines.

Related: What is cypherpunk?

Inception

This surreal thriller follows a group of skilled thieves who can break into people’s dreams and steal their secrets. Nevertheless, things quickly get out of hand when they’re hired to do an apparently impossible mission.

The Conjuring 2 (Enfield 360 Experience)

This horror film, which is based on a true incident, follows paranormal investigators as they attempt to aid a family whose London house is plagued by a malicious spirit. Viewers are completely immersed in the scary environment thanks to the VR experience.

The Martian

The Martian is a science fiction film about an astronaut left stranded on Mars after his crew believes he has died. He must use his expertise and ingenuity to survive until a rescue expedition can find him because he has little supplies and no method to contact Earth.

Related: Top 9 cyberpunk movies of all time

Zootopia

In the animated comedy Zootopia, a dedicated bunny cop and a cunning fox con artist work together to solve a mystery in a city where predators and prey coexist together. The VR experience allows viewers to fully explore the vibrant and colorful world of Zootopia.

Life of Pi

This adventure drama follows a young Indian boy stranded on a lifeboat in the Pacific Ocean with a Bengal tiger named Richard Parker. As they journey across the ocean, the boy must learn to survive while also forming a bond with his unlikely companion.

Are all virtual reality movies supported by same VR headsets?

Avatar, The Matrix, Inception, The Conjuring 2 (Enfield 360 Experience), The Martian, Zootopia and Life of Pi are all movies that can be viewed in virtual reality. However, the specific VR headset that supports these movies will depend on the platform that they are available on. For example, Avatar and The Martian are available on the Oculus platform, which can be viewed on the Oculus Quest or the Oculus Rift VR headsets.

Inception can be viewed on the Google Daydream, while The Conjuring 2 (Enfield 360 Experience) can be viewed on the Samsung Gear VR. Zootopia and Life of Pi are available on the YouTube VR app, which can be accessed on various VR platforms, including the Oculus Quest and the HTC Vive.