• Nigeria is in talks with potential technology partners to create a new system to manage and control its digital currency, the eNaira.
• The Central Bank of Nigeria has spoken about its early-stage intentions with New York-based technology company R3.
• The CBN is collaborating with various providers to investigate technical advances for their digital infrastructure.

Negotiations for Technological Upgrade Of eNaira

Nigeria is currently in discussions with potential technology partners to create a brand-new system and control their digital currency, the eNaira. The Central Bank of Nigeria (CBN) has spoken about its early-stage intentions with New York-based technology company R3, one of the sources claimed.

Launch Of Central Bank Digital Currency

In October 2021, Bitt Inc., which has offices in Draper, Utah, assisted the West African country in launching its central bank digital currency, or CBDC, making it the first nation to do so on the continent.

Goal To Maintain Control Over Technology

The sources claimed that while a new partner would not instantly succeed Bitt, they would aid the central bank in achieving its long-term goal of controlling the underlying technology. The CBN collaborates with numerous service providers to investigate technical advances for their digital infrastructure.

Digital Payments Encouraged Customers To Become Cashless

The need to keep up with private sector advancements in digital payments have encouraged customers all around world to become cashless and given rise to cryptocurrencies and stablecoins. Bank of England and UK Treasury officials are intensifying work on a digital pound colloquially known as “Bitcoin”..

Bitt Working Closely With Nigerian Central Bank

Bitt stated in a written statement that it is: „currently developing more features and advancements“ and that it „continues to work closely with the Nigerian central bank.“

Top Crypto Gainers Today

• SingularityNET (AGIX): This cryptocurrency project has been active since 2017 and its utility token, AGIX, is used to purchase and sell AI applications on the market. It also provides access to governance and offers token airdrops from projects spun out of SingularityNET.
• ImmutableX (IMX): IMX tokens have seen a long-term increase in price past $1. The price of ImmutableX has established a bullish tenacity pattern and bulls are seeking to keep the value of the IMX coin above exponentially weighted moving averages.

Biggest Crypto Gainers Today – February 15 ByPatrick JenningsPRO INVESTOR

SingularityNET (AGIX)

The price of AGIX rose by 1,285% over 37 days, reaching an all-time maximum of $0.67 on February 8. However, the price promptly dropped after reaching its record high and has since dropped by 37.61%. A bearish split in the everyday RSI occurred before the decline. The price is currently seeking to retake the $0.42 0.618 Fibonacci retracement resistance level. If so, it would be feasible to correct. But if the price doesn’t take back the market, it can go as low as $0.23. A cryptocurrency project called SingularityNET has been active since 2017 and was established by Ben Goertzel, a researcher in artificial intelligence with a goal of creating a decentralized marketplace for AI crypto technology that enables people to purchase and sell AI applications on an open network. Its utility token AGIX serves this purpose, allowing users to stake it for liquidity as well as use it to buy/sell AI applications and gain access to governance features such as token airdrops from projects spun out from SingularityNET.

ImmutableX (IMX)

Long-term investors now have optimism as the price of IMX tokens increased past $1; showing resilience above the 200-day exponential moving average while forming a bullish tenacity pattern with 21% weekly growth rate in sight.. To increase this longevity of this new milestone at $1 breakthrough bulls are attempting at keeping IMX/USDT pair afloat above exponentially weighted moving averages with current intraday trading up 3.61% at $1 .092 24 hrs traffic-to-capitalization value overall still increasing steadily for ImmutableX coins holders

• Investment options have expanded beyond traditional stocks and properties with the introduction of cryptocurrency and non-fungible tokens (NFTs).
• Luxury watches, particularly Rolex models, have become popular investments due to their craftsmanship and resale value.
• Jacob & Co. recently released the world’s first luxury watch NFT, a 10-second animation of their SF24 Tourbillon timepiece.

Alternative Investments

The digital age has opened up a range of alternative investments that go beyond stocks, bonds and property. Cryptocurrencies and Non-Fungible Tokens (NFTs) have been gaining traction as investment tools in recent years.

Luxury Watches as Investments

Luxury watches are becoming increasingly popular as an investment option due to their high resale value and craftsmanship. Rolex is one of the most sought after brands when it comes to investing in watches, with prices on the secondary market reaching dizzying heights due to its artificial exclusivity and high demand. Other notable players include Omega, Patek Philippe, Breitling etc.

Jacob & Co.

Jacob & Co., a premium jeweler and watchmaker in New York City recently took this concept further by creating the world’s first luxury watch NFT – a 10-second animation of their SF24 Tourbillon timepiece. The model’s stand-out feature is the split-flap system; on the NFT version it displays ten different crypto currencies while on the physical version it functions as a GMT watch showing dual time zones simultaneously.

A Combination of Craftsmanship & Crypto

This unique combination offers investors something tangible yet novel with its integration of both craftsmanship and technology – making it an attractive proposition for those looking for both aesthetic pleasure or financial gains from their investments.

Conclusion

. Luxury watches are becoming more popular as investments due to their craftsmanship, design elements and resellability while Jacob & Co.’s luxury watch NFT combines both aspects into one product offering investors something new yet reliable at the same time.

• U.S. court-ordered examiner report revealed that the bankrupt cryptocurrency lender Celsius Network inflated its balance sheet as two of its founders paid out millions using investor funds and client deposits to support its own coin.
• During the COVID-19 pandemic, cryptocurrency lenders such as Celsius saw a surge in business, luring depositors with high interest rates and convenient loan access.
• Following the suspension of customer withdrawals from its platform, New Jersey-based Celsius filed for bankruptcy in the United States in July of last year.

Celsius Network’s Bankruptcy

U.S. court-ordered examiner report made public on Tuesday revealed that the bankrupt cryptocurrency lender Celsius Network inflated its balance sheet as two of its founders paid out millions by using investor funds and client deposits to support its own coin (CEL). During the COVID-19 pandemic, cryptocurrency lenders like Celsius saw a surge in business, luring depositors with high interest rates and convenient loan access. Following the suspension of customer withdrawals from its platform, New Jersey-based Celsius filed for bankruptcy in the United States in July of last year.

Examiner Appointed

Shoba Pillay, a former prosecutor was designated as an independent examiner by U.S. Bankruptcy Judge Martin Glenn who is presiding over the Chapter 11 case in September 2020. She was given responsibility to look into complaints from Celsius clients that it ran like a Ponzi scheme and also reporting how it handled bitcoin deposits.

Deposit Collection & CEL Currency Creation

Retail clients‘ cryptocurrency deposits were collected by Celsius which then used them to buy cryptocurrency in equivalent amount at wholesale market prices to fund their business by inventing and selling their own crypto currency called CEL . The company promised customers that it would purchase CEL on secondary market and deliver it to them as rewards which will increase CEL pricing while simultaneously bringing new customers creating what they termed self sustaining “flywheel” effect but beginning 2020 ,Celsius went on “purchasing spree” driving up price of CEL higher than what it should have been under normal circumstances .

Insiders Benefits

The report showed that cofounders Alex Mashinsky & Daniel Leon had accumulated more than $25 million worth of crypto assets from company funds during their tenure at Celsius . This was done through several transactions benefiting both parties . It is alleged that these transactions were not properly disclosed or authorized by board or investors .

Response From Celcius

Requests for comment sent to several addresses including email address on Celcius website , PR company representing Celcius at time of bankruptcy & CEO Alex Mashinsky attorney did not receive any response immediately following publication although later night demands were made .