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How to earn passive crypto income in a bear market?

The majority of new investors are in the middle of their first crypto winter, during which most digital assets have depreciated by more than 70% from their November 2021 highs. While a bear market is tough for everyone, it can be especially challenging for those who are new to the space and don’t have much experience dealing with market volatility. That said, there are still opportunities to earn passive income during a bear market — crypto traders just have to know where to look. In this article, we will look at how Wall Street traders persevere and what simple things can be done to make money. Is it time to buy more assets? What are some of the easiest ways to generate cash in a recession? Are there any investment techniques that work during bear markets? What assets to invest in while B...

Fireblocks records $100M+ revenue in subscriptions amid bear market

Fireblocks, a New York-based blockchain security service provider, made over $100 million in Annual Recurring Revenue (ARR) this year, confirming the rising interest in the crypto ecosystem that contradicts negative investor sentiments. ARR relates to the recurring revenue earned by a company based on subscriptions. As a software-as-a-service provider, Fireblocks witnessed overwhelming interest in decentralized finance, blockchain and Web3 technologies. The reason behind increased revenue amid an ongoing bear market can be attributed to an overall change in mindset, as companies and investors seem more inclined toward exploring crypto use cases rather than chasing market volatility for a quick buck. Sharing insights into its growing customer base, Fireblocks co-founder and CEO Michael Shau...

Lithuania begins building barrier on border with Belarus to block migrants

Lithuania began building a barrier along its border with Belarus on Friday after accusing Belarusian authorities of flying in migrants from abroad to send illegally into the European Union. The first stretch of barrier will run 500 metres (1,640 feet) in length, measure 1.8 metres (six feet) in height and consist of concertina and razor wire, the army defence chief’s spokeswoman Ruta Montvile told Reuters. Belarus in May decided to allow migrants to enter EU member Lithuania in retaliation for sanctions imposed by the bloc after Minsk forced a Ryanair flight to land on its soil and arrested a dissident blogger who was on board. “If someone thinks we will close our border with Poland, Lithuania, Latvia and Ukraine and will become a holding site for those running from Afghanistan, Iran, Iraq...

APC states to implement Security Trust Fund to address insecurity

In a bid to fight the increasing wave of insecurity in the country, All Progressives Congress (APC) controlled states are to strengthen the legal framework for the implementation of the Security Trust Fund (STF) by member States. This decision was reached at the 12th Quarterly meeting of Secretaries to Government of APC states in conjunction with the Progressive Governors Forum (PGF) in Lafia, Nasarawa State capital. The communique, jointly signed by the Nasarawa State Secretary to Government, Barr. Muhammad Ubandoma Aliyu and the Director-General of PGF, Salihu Moh. Lukman, issued at the end of the meeting and released to newsmen in Abuja on Saturday stated that States Chief scribes will continue to mobilize resources for the management of security challenges in the APC-controlled states....

VP Osinbajo: How grassroots planning helped our social investment programmes

One factor responsible for the impactful implementation of the Social Investment Programmes of the Buhari administration over the years is the realization that you can’t reach Nigerians if you don’t have a plan for the grassroots, according to Vice President Yemi Osinbajo, SAN. This realization then influenced the structure designed for the SIP and is largely responsible for the successes of the programme (which is now regarded as one of the biggest social welfare schemes in the continent). Prof. Osinbajo stated this Sunday in Lagos at the inauguration of the Dash Me Store, an outfit of the Dash Me Foundation founded by the immediate past Finance Minister, Mrs Kemi Adeosun. The store is established to mobilize resources for onward distribution to vulnerable people in the society via grassr...

Ex-Senate president urges Nigerian government to review suspension of Twitter’s operations

Former Senate President Bukola Saraki has reacted to Federal Government’s suspension of the operations of the micro blogging and social networking service, Twitter. Newsmen report Minister of Information, Lai Mohammed, had announced the “indefinite” suspension in a statement on Friday by his spokesman Segun Adeyemi. Reacting, Saraki noted that Twitter has become part of the daily lives of youths and also a source of income and livelihood for many youths. He further called for a review of the suspension. “No sir! This should not be the response from the president of a nation with a vibrant youthful population for whom #Twitter is part of their daily lives and a source of their income and livelihood. This must be reviewed,” Saraki tweeted. Get more stories like this on Twitter You Deserve to...

EU releases last tranche of $14.5 million to assist Nigeria rollout coronavirus vaccine

The European Union has said $14. 5 million out of the €50 million promised to the Federal Government to assist in the roll out of COVID-19 vaccine would be released this week. The Head of the EU Delegation to Nigeria, Ambassador Ketil Karlsen, who addressed newsmen yesterday in Abuja, revealed that already €9 million grant had been released to boost the prevention and response to Coronavirus in Nigeria. “The EU is taking the lead in supporting partner countries, including Nigeria, to tackle the tackle the COVID-19 pandemic by combining resources from the EU, its member states and European financial institutions, under the ‘Team Europe’ initiative. “At the onset of the pandemic in Nigeria, the EU rapidly mobilised €50 million grant in humanitarian aid was given to Nigeria to boost preventio...

CSCS reiterates commitment to deepening capital market

The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...

NNPC to partner Borno government to establish gas power plant

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Alhaji Mele Kyari has said that the corporation will partner with Borno State Government to establish a Gas Power Plant following the vandalization of the national grid by insurgents which put the state almost three months into total blackout. Kyari who led a powerful delegation on a courtesy call on Governor Babagana Umara Zulum on Friday said, the Federal Government will not fold its arms and neglect the state which is been ravaged by insurgents, especially cut off from the national grid, as power is a source of income to the teaming people of the state. “We are here with my colleagues, the Head of Gas and Power Business, Engineer Yusuf Usman, Representatives of Greensville Liquefied Natural Gas (LNG), which is a...