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Ethereum and BNB, Beware: Euler Presale Surpasses $3M in Just 24 Hours

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In the dynamic realm of cryptocurrencies, a game-changing entrant has emerged, signaling a potential paradigm shift—Euler Network. Notably, it achieved an impressive gain of $3 million within a mere 24 hours, setting the stage for a closer examination of its unique features and advantages that distinguish it from well-established counterparts like Ethereum (ETH) and Binance Coin (BNB).

This exploration aims to unravel the reasons behind Euler Network’s potential to become a transformative force in the crypto sphere.

### Ethereum: The Pioneer of Decentralization

Ethereum, a trailblazer in blockchain and cryptocurrency, stands as a decentralized platform that transcends traditional digital currency. Launched in 2015, Ethereum introduced the revolutionary concept of smart contracts, enabling the creation and execution of self-executing agreements without intermediaries.

Ether (ETH), Ethereum’s native cryptocurrency, powers transactions and computational services on its network. Serving as a cornerstone for decentralized applications (DApps), Ethereum empowers developers to create innovative solutions across diverse industries, from finance to gaming. As one of the most recognized blockchain platforms, Ethereum continues to shape the future of decentralized technologies and the broader digital economy.

### Binance Coin: Pioneering Decentralized Finance (DeFi)

Binance Coin (BNB) occupies a significant position in the cryptocurrency landscape, driven by the innovative Binance exchange platform. Launched in 2017, BNB initially served as a utility token within the Binance ecosystem, offering reduced transaction fees and additional benefits. However, its role expanded exponentially, evolving into a versatile digital asset that powers various applications and services.

With the introduction of Binance Smart Chain, BNB extends its utility beyond the exchange, playing a key role in the decentralized finance (DeFi) space. As Binance continues its ecosystem expansion, BNB maintains a resilient position, showcasing adaptability in the ever-changing crypto landscape. This adaptability resonates with the dynamic spirit embodied by Euler Network, presenting compelling prospects for the future of digital finance.

### Euler Network: Charting the Future of Finance

The recent presale success of Euler Network, amassing an impressive $3 million within 24 hours, underscores its disruptive potential in the crypto landscape. Distinguished by swift development, a community-centric ethos, and a comprehensive ecosystem strategy, Euler Network aims to democratize global cryptocurrency mining, emphasizing accessibility for diverse audiences.

The project’s tokenomics strike a balance between incentives for early adopters and a focus on sustainable long-term growth, showcasing a holistic perspective that goes beyond conventional blockchain frameworks. Euler’s distinctiveness lies in its dual approach: a rapid six-month mainnet launch strategy combined with a comprehensive ecosystem featuring educational platforms, decentralized applications, and community-building initiatives. This all-encompassing strategy positions Euler as both a technological leader and a platform fostering a resilient and engaged user base.

### Bottom Line

Euler Network emerges as a transformative force, underscored by its remarkable $3 million gain in just 24 hours during the presale. Its commitment to democratizing global cryptocurrency mining, inclusive tokenomics, and a comprehensive ecosystem strategy positions Euler Network as a distinctive player in the crypto sphere. Competing with established giants like Ethereum and Binance Coin, Euler Network’s innovative features and forward-looking approach suggest a promising alternative for investors seeking exciting advancements in the ever-evolving world of digital finance.

**Euler Network:**

– Website: [Euler Network](http://eulernetwork.com/)
– Twitter: [Euler Network Twitter](https://twitter.com/EulerNetwork)
– Telegram: [Euler Network Telegram](https://t.me/eulernetwork)

Vodacom aims to enhance healthcare for the people of South Africa

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What’s the latest update? Vodacom has joined forces with the Free State Department of Health to introduce cutting-edge digital health solutions, including the computer-aided dispatch (CAD) system and the assisted reality medico-legal surveillance system (ARMSS).

What’s the objective? These innovations aim to elevate healthcare services in public hospitals, mitigating medical malpractice risks across the province.

This is crucial, considering that over 80% of South Africans rely on public health facilities.

The initiative aligns with the government’s commitment to “Batho Pele,” emphasizing people-centric approaches in technological public service offerings.

How do these tools function? The CAD system meticulously tracks ambulance requests, monitoring the entire journey from the initial call to the patients’ arrival at medical facilities.

It compiles electronic records of patients’ treatments during transit and maintains a comprehensive patient report form.

On the other hand, ARMSS, accessible through RealWear wearable technology, empowers frontline medical staff to capture audio and video recordings hands-free during various procedures.

This not only facilitates secure storage but also allows seamless forwarding of audio-visual recordings for reporting and investigative purposes.

These solutions leverage mobile devices, SIM connectivity, and smartphone management software.

It’s worth noting that this collaboration is not new; in 2022, Vodacom distributed 136 new cold chain units, valued at R1.8 million, throughout the province as part of their ongoing partnership with the Free State Department of Health in South Africa.

 

Google’s Hustle Academy Fund will be distributed among 15 Nigerian businesses, totaling ₦75 million

After successfully graduating 5,300 small and medium-sized businesses across Africa, the Google Hustle Academy has meticulously chosen 15 SMEs to benefit from the ₦75 million Hustle Academy Fund, which, notably, does not require equity return.

Among the distinguished beneficiaries are Ifeoma Augusta Anselem of Rae’s Clothing, Nafisa Abdulrazaq Sabo of Pinch N’ Dash, John Samuel Andefiki of Kita Farm, Aminu Abdulkarim of A.A.K. Shoes, Anita Aletor of Rotela Business Synergy, and Ojo Femi Christopher of Foodlane Ventures.

In addition to the substantial financial backing, the selected SMEs will gain access to invaluable mentorship and essential business tools.

African SMEs encounter two formidable obstacles in their pursuit of funding: affordability and accessibility.

The former refers to the cost of capital, a critical factor in securing loans or investments, while the latter represents the challenge faced by unregistered, informal businesses in obtaining financing.

With over 50% of sub-Saharan Africa’s official GDP attributed to informal retailing, as reported by Euromonitor International, and over 80% of total employment in some sub-Saharan African economies linked to informal employment, the significance of this sector cannot be overstated.

The inability of small and medium-sized businesses to secure financing creates a substantial barrier to employment, economic growth, and shared prosperity in sub-Saharan Africa.

It is imperative to recognize that the majority of the 44 million micro, small, and medium-sized businesses in sub-Saharan Africa, predominantly micro-enterprises, require access to funding for growth, job creation, and economic stimulation. Unfortunately, 51% of these crucial enterprises face a shortfall in capital.

In light of these challenges, the Hustle Academy program strategically addresses the specific needs of small and medium-sized businesses in Africa, offering essential tools and practical skills to facilitate their growth.

Since its establishment in 2022, the program has engaged nearly 10,300 entrepreneurs, and the current class, with 5,000 graduates in 2022, signifies a burgeoning community of companies dedicated to continuous learning and development, building on the momentum established in previous years.

 

Fez Delivery aims to transport goods from the United Kingdom to Nigeria

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Happy Friday! 💃💃 How’s it going? Any exciting plans for the weekend? Just a heads-up, it’s the last weekend of the month, and December is around the corner!

The holiday vibes are kicking in – I’ve been diving into Christmas movies for two weeks now, and there’s something magical about December that sets the mood like nothing else.

Thinking about the holidays? Start making plans if you haven’t already. 😏

On another note, I’ll be on a week-long vacation starting Tuesday, November 28, 2023. Any suggestions on how to unwind? I’m thinking some solo time and, hopefully, catching up with a friend.

Next week, expect emails from Chimgozirim and Bolu as I take a short break, but I’ll still be around on Monday and Tuesday. Enjoy your weekend! ☺️

P.S. Exciting news: Fez Delivery aims to bring UK products to Nigeria, Brolly is looking into insurance for Bolt drivers, and 15 Nigerian businesses share Google’s ₦75m Hustle Fund.

The Naira experiences a decline to N956 against the dollar due to a 46% reduction in dollar supply

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On Thursday, the naira experienced a 13.78% drop to N956/$ in the official Investor and Exporter forex window, attributed to a 46.77% decrease in dollar supply.

This contrasts with Wednesday’s closing rate of N840.53/$, as reported by FMDQ Securities Exchange. The market also saw a decline in dollar turnover from $198.21m to $105.50m.

Despite efforts by the Central Bank to address foreign exchange forward contracts, the naira remains highly volatile, losing approximately 40% of its value since June, making it one of the worst-performing currencies globally.

The Economic Intelligence Unit highlights concerns about the CBN’s ability to manage the backlog of forex orders, predicting ongoing pressure on the naira due to unsupportive monetary policies and other economic factors.

Tinubu’s appointee, Akawor, steps down from his position as the chairman of Rivers PDP

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Peoples Democratic Party’s Rivers State chairman, Desmond Akawor, tendered his resignation on Friday, shortly after being appointed by President Bola Tinubu as the Federal Commissioner for Rivers State in the Revenue Mobilisation, Allocation, and Fiscal Commission.

In his November 22, 2023 letter to the PDP acting National Chairman, Ambassador Umaru Damagun, Akawor cited his federal appointment as the reason for resigning.

He expressed gratitude for the opportunity to lead the PDP in Rivers State and affirmed his commitment to the party’s ideals while taking on his new national service role.

 

 

Inkblot Production Encompasses 2023 Movie Slates

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In 2023, Inkblot Presents has launched 4 big screen titles “Love in a Pandemic”, “Big Love”, “A Weekend to Forget” as well as the co-produced title “Small Talk”

 

The production company has filmed 4 more titles in 2023 and will see these titles released at the box office or on a streaming service. See below titles that have been filmed this year and are yet to be released

 

An Isioma Osaje Directed Film – Stars Jide Kene, Adesuwa Etomi, Blossom Chuwkujekwu, Seun Ajayi, Layi Wasabi in leading roles

 

A Dimeji Ajibola Directed Title – Stars Nancy Isime, Olumide Owuru, Nosa Rex

 

An Adeoluwa “Captain Degzy” Directed title – Stars Natse Jemide, Osas Ighodaro, Bimbo Akintola

 

The above titles are yet to be officially confirmed for naming, however, a 2024 release is in sight barring any last-minute changes

 

Recall, that in December 2022, @inkblotpresents struck the first Nigerian licensing deal with Global Streamer, Prime Video. The terms of the deal dictate that the streamer takes exclusive, worldwide rights for Inkblot’s slate of releases, post their theatrical runs

 

By our calculations, the deal is past its mid-year mark with the studio aiming to mark 7/8 title releases in a yearly cycle per arrangements with the prime video executives

 

Shock can also reliably confirm that some of the filmed titles are now marked for a direct-to-streaming debut and may not have a theatrical run

Davido Chats with Zane Lowe About His “Are We African Yet?”

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In a candid conversation with Zane Lowe on “Apple Music 1,” Afrobeats sensation Davido revealed the inspiration behind his upcoming “Are We African Yet? (A.W.A.Y.)” Festival in Atlanta this weekend, November 18. The festival, billed as a single-day “music festival and cultural experience,” aims to unite the African diaspora and non-Africans through a shared celebration of African roots and culture.

Davido delved into his latest album, “Timeless,” his global success, his connection with fellow music icon Akon, and the ever-increasing worldwide popularity of African music. He also shared his electrifying energy when immersing himself in the vibrant city of Lagos.

Davido on his ambitions beyond music and his festival “Are We African Yet?”

So years ago it was the other way around where it’s like the same way we have people coming to Africa, which we love, investing, bringing their own culture over there. Having festivals, in the same way, we should do the same over here. And that’s why I’m having this festival that’s going to be coming every year-

I want to give [different artists] the opportunity to come every year, different times to come and perform. Because they have fans here and they don’t know. Because internet, all you got to do is just drop a song out on TikTok and it’s gone. Somebody a billion miles away, it could be their best song and you wouldn’t even know.

I feel like we got to own our culture too. We can’t wait for somebody to bring the idea and be like, “Yo, Afrobeats is growing.” Let’s go register for African Coachella or something like that. I’m like, “No, we got to do this ourselves because this is ours. So we got to own it.” Down the line if somebody wants to partner…

But the vision I have, I’m talking 10 years, 20 years down the line. The vision I have is to create it to be something that is for the culture, not particularly mine. I might be behind it producing it, All of that. But it’s something I’m doing for the culture, which Atlanta definitely is going to have the first couple, but we’ve spoken about definitely moving it around because we are everywhere. So I can see maybe LA, I can see Toronto, definitely. So we’re definitely going to move it around.

Davido on Lagos and the energy in comparison to other major cities

Yeah, [Lagos is] like New York. Okay. I’ll say these are cities that I’ve been to I can say, New York. I haven’t been to Tokyo, but somewhere like Tokyo. London, definitely Kingston. Kingston. Lagos is very, very fast-paced. The horns. The market. And everything is in Lagos. You have the parts in Lagos where it looks like Miami. You got the parts in Lagos where it looks like … You know what I’m saying? So everything is Lagos. That city is a whole country in one, kind of. And I’ll say this every time, if you can survive in Lagos, you can survive anywhere in the world.

The vibe in Lagos, musically for me, that’s where I go back. And it is also called tapping in with the streets. We travel so much. We are touring. You know what I’m saying? We never really get time to be at home. So every time I get home, I’m so excited. I’m like, “Yeah!”

On how the perception of African music has changed

Now, I met somebody in the airport, he was like he grew up in America. “And years ago, the narrative of being African was not as cool as it is now. Thank you. Now we’re proud. They can ask us, ‘Where are you from?’ And I’ll say, ‘I’m from Nigeria.’ And they’re like, ‘Oh, I love Nigerian music, man.’ Or they’re like, ‘Oh, I love Nigerian food, man.’” So it is different from years ago when people weren’t really proud to say where they were from.

The shows, before I left, nobody would buy a show, to a Nigerian artist’s show, except that there was an American artist like Usher. We’ve had Chris Brown come previously, we’ve had 50 Cent, Ja Rule, name it, Shaggy, anybody. But when I got back years later, it changed. They weren’t playing Western music anymore. The radio was playing all Nigerian music. The shows were booked by all Nigerian artists, crazy shows. That’s when D’banj, 2Face, P Square, and it started going crazy, like coming to America, making a $100,000 a show type. So I’m looking like, “Boy, I’m about to switch.” Because I’m like, “This is really where I’m from.”

Davido on his success and where he is in his life right now

Definitely. I’m definitely in a different space. You know what I’m saying? I think to attain this level, it takes a lot of concentration as well over the years. Music is fun to me. You know what I’m saying? That’s the beauty of it. For me, the way I fell into being an artist, was kind of … I don’t want to say a mistake, but I was just called to be an artist. I started off as a producer and engineer. I wanted to be behind the scenes for various reasons. I was still in school.

Davido on how his album “Timeless” felt like a healing process

Me and the engineer. I actually recorded most of this album in my house where I live with my wife. So it was really only me, her and her sisters at the time, and then I had one of my boys staying with me. But it gave me time to really calm down and yeah, it was a healing process because I was happy that, oh, I’m waking up today. I’m making music today. You know what I’m saying? I’m excited.

It felt like I was just an artist that just got signed and just given the opportunity to show what he can do with this record so I was really, really excited about it.

Davido on how “Timeless” came to be

I used to wake up, I remember, sometimes I’d be tired. So, what I used to do is that I’d play, because I was in the gym, the songs that I had made for the album. It was 28 songs after we’d kind of trickled it down, so I’d play the album from one to 28. So the whole time I’m gyming, I’m happy, it’s new music, I’m already imagining. I’m already imagining how people going to react to it. I’m imagining, I was a little kid, and I’ve been doing this for 12 years and it felt like this is the first time I’m ever going to drop music. It’s the first time I’m about to go back on the road. You know what I’m saying? And I wanted the music to be so good because I already knew, me coming back, a lot of people were really, really expecting the album. But I didn’t want to just come out and be like, “Yeah, he’s been through a lot. We’re going to support him.”

Yeah. So, like I was saying, in the gym, I’d play it, play it, play it. And we finally picked the songs and everything just came together. Everything would just come together, even with the ideas. I had signed two new artists at the time, that I was working with, Morravey and Logos. They’re on the album as well. She drops, I think, this month or next month. So, I was excited about a lot. I’ll go to Morravey and she’s on Track 3, In the Garden. So, I’d wake up, you know what I’m saying? Because this is two months till I got to turn in my album. So, I ain’t leave the house for seven months. So, I’m kind of leaving the house a bit, going to the studio and back, coming home early. But you know what I’m saying? Still stepping out and just watching her record, she gave me inspiration to, yo.

Davido on how the “Timeless” project was different from his previous albums

Recently, it’s changed. You know what I’m saying? I’ve always been that artist that I want to be at home. I’m trying to be home except I’m touring. But with this Timeless album, I put so much into it, and it came with so much emotion because I was out for six, seven months with my family, so I had time to really … This is the first project where it was like, normally we in the studio with 50 people. You know how it is. Drinking over here, smoking over here, partying. That’s how it’s always been. Even the type of music I make, if you listen to it from back, it’s party music, it’s pop, pop, pop. But with this record, it was my one-on-one with the producer.

I remember when we were doing the cover for Timeless, I was like, “Yo, what’s this timeless music? Yeah, it is going to have something to do with time, but I want to also represent patience.” So, that’s how I thought of the hourglass. You know what I’m saying?

Davido on being a producer and an engineer first

Yeah, because when I make music, I’m already thinking, “Okay, how’s the EQ going to be on the high hat? How’s everything going to sound?” I’m really, really big on it, I do like five, six mixes per record, whereas an artist just leaves all that to the producer. I’m in the studio with the producer. We’re going back and forth. Even if I’m not physically there, we are on WhatsApp, and we talking like, “Yo, this doesn’t sound right.” blah, blah, blah. I call my friends up, my friends that own a lounge or whatever. Like, “Yo, empty the club or give me a room in the club. I’m coming.” And I just play the album.

But I’m happy that me being an engineer, not only for me from an artist, for the artist I work with, I’m saying, I’m like, “Yo, I think you should do it like this. Do it like this.” It’s helped me, I say, 300%.

Davido on how he’s changed and has a mission

You asked me that question about how I move back home. You know what I’m saying? The regular me, I’d be home right now. I’ll be like, “Yo, can we do this on Zoom?” But I’m saying, now it’s like, not only me, even my colleagues, we have a mission. We’re like ambassadors now. You know what I’m saying? We’re ambassadors to the culture now. They’re like, “Yo, yo, flat go out there and change the narrative.” You know what I’m saying? So, when we go home, it’s now a thing of, yo man, I love when people come up to me and be like, “Yo, thank you, man. You guys don’t know what you guys are doing for us.”

Davido on having a place where he can listen to music away from being a “superstar”

Yo. So funny. I concentrate the most on a plane. I don’t join no wifi. I put my headphones in and I just go through records and I just really listen. That’s when I’m really tapped out. That’s one place I really focus.

Yeah, I like that. But I definitely love when it comes to recording and curating records, I love being at home in Lagos. Even if I record in a studio out here or in Atlanta, the idea is always from, I always bring it from Lagos.

On his relationship with Akon

Even just back home, the people that really opened my eyes. It was like Akon, of course, we knew he was African and he used to definitely come back home for shows. I’m talking about an artist that we saw in Nigeria, who grew up with us and took over the world. My first vision of that was D’banj Oliver Twist.

Watch the interview below:

Emefiele is held in Kuje Correctional Centre by the court

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The High Court in the Federal Capital Territory has directed the detention of Godwin Emefiele, the former Governor of the Central Bank of Nigeria, at the Kuje Correctional Centre until his bail request is decided.

Emefiele is facing trial for alleged procurement fraud, with the proceedings finally taking place on Friday after being delayed three times.

Initially facing 20 charges of procurement fraud amounting to N6.5 billion, the Federal Government reduced it to six charges totaling over N1 billion for his arraignment on Friday.

Despite Emefiele’s counsel seeking bail, the judge, Justice Hamza Muazu, deferred a bench ruling, stating the need to review cited authorities and examine the exhibits.

Emefiele was ordered to remain in Kuje prison until the bail application is determined, and the case is adjourned for a ruling on November 22 and trial commencement on November 28.

This remand order follows a previous release to his lawyers on November 8 after spending 151 days in detention, as ordered by Justice Olukayode Adeniyi.

 

FUNAAB absolves student accused of poisoning his girlfriend

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The Federal University of Agriculture, Abeokuta, clarified that Oladokun Ayomide, a final year student, had no harmful intentions towards his girlfriend, Ugbokwe Mmasichukwu, and another lady, Odumosu Semilore.

The school responded to a report by PUNCH Metro about Ayomide’s arrest by the Ogun State Police Command over allegations of poisoning.

The police claimed Ayomide administered a substance, including brownie cakes and alcohol, leading to the unintentional intoxication of the girls.

FUNAAB stated that charges were dropped due to the lack of malicious intent, emphasizing the cakes contained a high level of alcohol. Ayomide was released on bail after a settlement by the parents.