Bank of Tanzania shows signs of nullifying Crypto Ban 0 18

A Tanzanian govt minister has also announced to set their crypto advisory team, sources say. The minister announced this after Tanzanian President, Sami Suluhu Hassan’s call for cryptocurrency action.

The popularity of using crypto is increasing in continents like Africa and Latin America that have been meeting different kinds of economic hardships. Whereas, in developed and progressed countries we see the government authorities and financial institutions vowing to control crypto.

Faustine Ndugulile, the ICT (Information and Communication Technology) minister said that this team will have around ten experts.

One of the local media outlets named “The Citizen” reported on July 9th. According to that, the ICT commission of Tanzania has received fourteen days to establish this team. This team will advise the government on legislation, guidelines, and policy to allow the effective use of technology.

The minister’s announcement is the newest response to the President’s call for taking forward-thinking measures and steps towards crypto.

Previously, President Hassan had asked the country’s central banks to prepare for cryptocurrency. It was reported on bitcoin.com news. As per Tanzania’s central bank’s confirmation in Jun they stated that they’re working on the given instructions already.

The ICT minister, Faustine Ndugulile however, is very mindful of crypto technology’s benefits. Therefore, he urges that this technology needs to be well understood before its adoption and implementation. Hence, the task force will be responsible for giving knowledge to government institutions, involved in the system, permanent secretaries, and ministers, on top of their advisory roles. Ndugulile still favors prioritizing public awareness although he completely agrees with making Kigamboni a smart city for testing the use of technology.

In the meantime, the same media outlet has also cited an expert in blockchain and trade named Sandra Chogo. Who explained the significance of spreading awareness about this technology among youngsters in College. She stated:

“Fourth industrial revolution is developing impulse and new technologies are surfacing every day.”

Joseph Matiko who is another expert also stated that ” it was good for the government to allocate funds for model projects.” Mr. Matiko also suggested another significant use of blockchain technology which is storing documents. Blockchain technology can undoubtedly serve as a great tool. It can be used for many purposes like developing important documents like birth certificates, Taxpayer ID numbers, citizenship IDs, passports, and storing government information.

After El Salvador announced the legalization of Bitcoin, the Tanzanian President did a speech pointing out that cryptocurrencies are inevitable. Crypto was well received in Tanzanian circles. Another African country Ghana also announced its jump in the crypto race. That shows that collectively African countries are seriously thinking about adopting crypto, and gradually preparing themselves for challenges to

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Mila Kunis Sold NFTs of Her Animated Series “Stoner Cats”, Sales Collect Over $8 Million 0 5

Mila Kunis, an American producer, and actress has successfully sold her NFTs for millions of dollars. The NFTs comprise teaser of the upcoming animated series of Kunis namely “Stoner Cats”. Only the purchasers of Stoner Cats NFTs will exclusively enjoy the privilege of watching the series, which is currently in the final phase of its completion at Orchard Farm Productions.

The global crypto community nowadays is going gaga about the Non-Fungible Tokens (NFTs) created by Mila Kunis.

Kunis is an acclaimed producer and appeared in various roles in the movies as a lead actress. Her most admired lead role was played by the actress-cum-producer in the movie titled “Black Swan”. She is married to co-star, Ashton Kutcher and both, individually and collectively, own multiple businesses. One of the businesses that Kunis runs is the production house called “Orchard Farm Productions”.

One of the latest upcoming projects of Kunis’s production house is a fully entertaining animated series called the “Stoner Cats”. The series has been co-created by Kunis along with her husband, Kutcher. Prior to the completion of the upcoming project, and before its onscreen playing, Kunis decided to issue a teaser in the most unique fashion. She eventually decided to launch the teaser by containing it in the Non-Fungible Tokens (NFTs).

It was reported that celebrities such as Seth MacFarlane, Chris Rock, and Jane Fonda are playing roles in the Stoner Cats series. Apart from the actors, even a role has been assigned to Vitalik Buterin i.e. the co-founder of Ethereum. It was told that Buterin was playing the role of a character in the series as “Lord Catsington”.

As regards the storyline of the series, it was told that the story revolves around a woman named “Ms. Stoner” who is suffering from Alzheimer’s. Ms. Stoner happens to have various cats living in her house and she is very fond of them. However, to keep her health in order, Ms. Stoner starts taking medicines made up of marijuana. Somehow the cats living in her house were accidentally exposed to marijuana smoke which led them to talk like insane.

A 27-seconds long video clip of the upcoming series has been made available on the website of Stoner Cats. The video gives a glimpse of the story to the viewers. However, the full video content in the series would not be available to view by everyone. In fact, only those will be allowed to watch the full content who have purchased the NFTs.

Reportedly, Kunis has managed to sell approximately 10,000 NFTs of the upcoming Stoner Cats series. Surprisingly, all the 10K NFTs were sold in only 35 minutes since the initiation of the sales. Each NFT was sold against 0.35 ETH i.e. equivalent to US$ 800/- each. It was informed that the total sale of NFTs collected sale proceeds to the tune of US$ 8.4 Million approximately.

Chris Larsen Ripple Chairman Shows Concern over Dogecoin and Issues Warning to Holders 0 10

Larson now joins the list of some of the world’s most renowned crypto scholars who have revealed their concerns about Dogecoin and told investors to think twice about over-investing in Dogecoin. Ripple Chairman informed investors about the risks associated with investing in Dogecoin. He compared it to gambling and said that most people who gamble end up on the losing side.

Since the Wall Street Bets movement broke out earlier this year, several prominent figures in the encryption field, including Charles Hoskinson and Barry Silbert, have issued similar warnings. However, as of this writing, Dogecoin remains the world’s top-10 cryptocurrency. Although people are now trying to ignore Elon Musk, Larson pointed out that a large part of Dogecoin’s success is due to the head of Tesla. But when he “ditched” Bitcoin, Larson thought he could abandon Dogecoin too.

During his critique, Larson also opened up about Dogecoin’s supply overflow and currency algorithm. He said that company’s algorithm is not environmentally friendly at all. He also questioned the overall mechanism by saying that it is far away from the market’s required quality.

To invest in some sort of memes-oriented company and Musk is nothing short of gambling. Seasoned and mature investors would never likely go for this option it’s rigidly off the cards. Investing in Dogecoin while eying the moon or space is nothing less than nonsense.  Despite the fact that Dogecoin was down to 74% three months ago. But since then, Dogecoin has remained stable and now its price is stable at a flat rate.

However, over the past week the currency being trade tightly between $0.19098 – $0.22888. In the past ten weeks, its momentum has been firmly entrenched in the lower half of the RSI chart. It seems that RSI is beginning to bend downward again. Even though it’s a massive ask for Dogecoin to rise above $1 mark in the coming three to four months but still investors are getting advantage of the low-price range and pilling up Dogecoin in their digital assets’ platform. The active hunters of Dogecoin do have their perspective of long-term investment, as some of the crypto scholars have labeled Dogecoin as a future long-term investment.

Despite facing staunch criticism from the critic’s Dogecoin is among the top 10 digital currencies. Traders have divided points of view about the funny nature of Dogecoins as currency is often mentioned as memes powered one. Those who showed their support for Dogecoin argued that despite the funny nature of the currency, Dogecoin has outperformed some of the renowned cryptocurrencies in terms of performance.  The unnecessary criticism could be a sign of danger or self-obsession towards Dogecoin.

 

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