Thursday, 11 January 2018

Why Ripple and Other Cryptocurrencies Are Crashing Right Now

Why Ripple and Other Cryptocurrencies Are Crashing Right Now https://t.co/aS7voOfrRT



For the second time in less than three weeks, cryptocurrencies suffered a major correction.
The 16 largest cryptocurrencies all saw major price declines over the past 24 hours, according to data from Coinmarketcap.com.
Ripple, the third-largest digital currency, saw its price fall as much as 39% at one point. Bitcoin, the granddaddy of the crypto universe, saw its price fall as much as 14% on Monday. And Ethereum, the second-largest cryptocurrency which has gained in popularity among businesses, dropped 12%, before rebounding somewhat.
The question is why? Market watchers say you can point to one of three reasons:
Blame it on Korea.
Investors are pointing to South Korean regulators as a possible reason for the latest declines.
One of the greatest strengths — but lurking weaknesses — of cryptocurrencies is that they are largely unregulated by governments. This allows people to use them anonymously, which is also why criminals have taken to the online monetary system.
But that means any whiff of new government oversight can make investors nervous. Last month, the South Korean government said it would increase its oversight of the digital currency market by banning anonymous crypto accounts and providing measures to shut down exchanges, if needed.
And on Monday, South Korean officials inspected six major local banks, reviewing the institutions’ anti-laundering measures in connection with cryptocurrency trades. This spooked the global markets.
“We need regulators to look into the space more closely, the Korean exchanges have become crazy in terms of price differences so these regulatory actions would help the price stability,” Naeem Aslam, chief market analyst at TF Global Markets told Bloomberg.
Blame it on Bitcoin.
Because it accounts for 35% of the total crypto market, Bitcoin is by definition the most influential digital currency in the market.

Tuesday, 9 January 2018

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Drug Abuse: NDLEA arrests 50 students, 13 females in Katsina

KATSINA—No fewer than 732 drug offenders have been arrested in Katsina State, out of which 50, were students of various tertiary institutions in the state.

The State Commander, the National Drug Law Enforcement Agency, NDLEA, Hajiya Maryam Sani disclosed this, yesterday, while briefing newsmen on successes recorded by the command from January to December, 2017.


NDLEA operative
Hajiya Sani said the command also arrested 13 females while about 432 kilograms of illicit substances were also seized from the suspects.

“In Katsina State, from January to December 2017, our officers and men arrested 732 drug offenders out of which 13 are females, 20 of these offenders are under the age of 18 years, while 50 of them are students of various higher institutions in and around the state.

“During the period under review, a total of 432kgs of illicit substances were seized from drug dealers and users, a total of breakdown of which shows: Cannabis Sativa 246.7 Kg, Psychotropics 185.2kg and Cough syrup with codeine 99.675 litres.

“The prosecution and legal services unit which is charged with responsibility of instituting legal proceedings against drug offenders, secured 44 convictions at the federal high court Katsina (the convicts are serving various terms and has 82 cases at various levels of prosecution while it Drug Demand reduction unit, has counselled 610 persons out of which 8 are females and 22 went through the rehabilitation process,” she said.

Trump wins ‘Press Oppressor’ award

New York – The Committee to Protect Journalists (CPJ), a Journalists’ and press freedom campaign organisation based in the U.S., has named President Donald Trump as the winner of its award for ‘Overall Achievement in Undermining Global Press Freedom’.

Trump
The CPJ said Trump emerged the overall winner at the award on Monday night in New York after he also emerged ‘Runner-Up’ to President Recep Erdoğan of Turkey, winner of the ‘Most Thin-skinned’ award.


Other awards were ‘Most Outrageous Use of Terror Laws Against the Press’ won also by Erdoğan; ‘Tightest Grip on Media’ – excluded countries with no independent media, such as North Korea and Eritrea -won by President Xi Jinping of China; and ‘Biggest Backslider in Press Freedom’ won by State Counsellor and de facto leader Aung Suu-Kyi of Myanmar.

President AbdelFattah al-Sisi of Egypt emerged ‘Runner-Up’ to Erdoğan for ‘Most Outrageous Use of Terror Laws Against the Press’; President Vladimir Putin of Russia emerged ‘Runner-Up’ for ‘Tightest Grip on Media’ award won by Xi; while President Andrzej Duda of Poland was ‘Runner-Up’ for ‘Biggest Backslider in Press Freedom’ won by Suu-Kyi.

The award was in response to Trump’s fake news awards, which he hinted on Tuesday last week that he would be announcing this week Monday, which he later shifted to Jan. 17.

Trump had on Jan. 2, said: “I will be announcing THE MOST DISHONEST & CORRUPT MEDIA AWARDS OF THE YEAR on Monday at 5 p.m..

“Subjects will cover Dishonesty & Bad Reporting in various categories from the Fake News Media. Stay tuned!”

However, on Sunday, he said: “The Fake News Awards, those going to the most corrupt & biased of the Mainstream Media, will be presented to the losers on Wednesday, Jan. 17, rather than this coming Monday. The interest in, and importance of, these awards is far greater than anyone could have anticipated!”

CPJ said “in response to media coverage critical of him, Trump has threatened to ‘open-up’ U.S. libel laws, sue news outlets, and subject their broadcast licenses to review.

He regularly attacks outlets and individual journalists on Twitter and in speeches, calling them ‘sad,’ ‘failing,’ or ‘garbage.’

Since declaring his presidential candidacy in 2015, Trump has posted about 1,000 tweets critical of the press.

CPJ research shows that when public figures and political leaders lob insults at the media, they encourage self-censorship and expose journalists to unnecessary risk”.

The journalists’ organisation said amid the public discourse of fake news and Trump’s announcement via Twitter about his planned “fake news” awards ceremony, CPJ was recognising world leaders who had gone out of their way to attack the press and undermine the norms that supported freedom of the media.

“From an unparalleled fear of their critics and the truth, to a relentless commitment to censorship, these five leaders and the runner-ups in their categories have gone above and beyond to silence critical voices and weaken democracy,” CPJ said of the award winners.

While explaining the rationale for giving Trump the award, CPJ said the U.S., with its First Amendment protection for a free press, had long stood as a beacon for independent media around the world.

CPJ said: “while previous U.S. presidents have each criticised the press to some degree, they have also made public commitments to uphold its essential role in democracy, at home and abroad.

“Trump, by contrast, has consistently undermined domestic news outlets and declined to publicly raise freedom of the press with repressive leaders such as Xi, Erdoğan, and Sisi.

“Authorities in China, Syria, and Russia have adopted Trump’s “fake news” epithet, and Erdoğan has applauded at least one of his verbal attacks on journalists.

“Under Trump’s administration, the Department of Justice has failed to commit to guidelines intended to protect journalists’ sources, and the State Department has proposed to cut funding for international organisations that help buttress international norms in support of free expression.

“As Trump and other Western powers fail to pressure the world’s most repressive leaders into improving the climate for press freedom, the number of journalists in prison globally is at a record high”.

On Erdoğan, CPJ said Turkish authorities had repeatedly charged journalists, news outlets, and social media users for insulting Erdoğan, insulting other Turkish leaders, and insulting “Turkishness” in general adding: “Turkey is the world’s worst jailer of journalists, with at least 73 behind bars when CPJ conducted its most recent prison census on Dec. 1, 2017.

Of the Egyptian leader, CPJ said of at least 20 journalists jailed in Egypt at the time of CPJ’s latest prison census, 18 were charged with, or convicted of, anti-state crimes such as aiding or inciting terrorism or belonging to banned groups.

For Xi, CPJ decried that Beijing, under his increasingly iron grip, used a combination of traditional censorship and internet controls to keep the news media in line adding China is consistently one of the world’s worst jailers of the press, being the second worst globally, with at least 41 journalists in prison in 2017.

Under Putin, it said independent media had been all but eradicated as journalists experience threats of violence or imprisonment and other types of harassment.

CPJ also said that in Myanmar, most of the legal structure that had long restricted the press remained in place and journalists continued to be imprisoned adding, security officials obstruct and harass journalists trying to cover what the UN has termed “a textbook example of ethnic cleansing” by authorities in the country’s northern Rakhine State.

CPJ said under Duda, the government had taken direct control of public media and announced plans to change regulations in a way that would force foreign owners of news outlets to give up their majority stakes.

The organisation added that government offices had cancelled subscriptions to pro-opposition news outlets, while state-owned companies redirected advertising money to friendly media. (NAN)

Fuel scarcity: Fares rise in Enugu

CIVIL servants, parents and businessmen are now finding things difficult in Enugu, as a result of the lingering fuel crisis that has raised the price of petrol from between the official pump price of N145 to N200 and N250 respectively. The situation is becoming more worrisome because transport fare has continued to rise after the Christmas and New Year festivities, thereby causing hardship for the residents, especially parents who are grappling with the payment of school fees as well as the upkeep of their families. Mini buses that ply Garriki to New Market at hitherto between N80 and N120 fares now charge N150 and above. “Don’t you know that we now buy gas N250,” some conductors would say to justify the arbitrary fare increase. Investigation reveals that the motorists are actually fleecing the passengers because the fares charged are not commensurate with the rise in pump price most especially as some of them buy petrol at the normal price in the filling stations of some major marketers that have the products.

Fashola reveals why Nigeria is not using 2,000mw of electricity

Nigeria’s Minister of Power, Babatunde Fashola has said the country currently has 2,000 megawatts of electricity that is not in use, because it cannot be distributed.

Fashola stated this at the January 2018 edition of the monthly power sector operators’s meeting in Lafia, Nasarawa.

The Minister explained that the power was not being utilized because manufacturers had not shown interest in making use of it.

“I will like to start this my remarks by highlighting the progress and milestones on our journey for incremental power which reassure us that we are on the right path and inspire us to continue with more belief.

“Those milestones are represented by: generated power has gone up to 7,000MW in 2017 from 3,000MW in May 2015, transmission capacity at 6,900MW in 2017 from about 5,000MW in May 2015. Peak distribution now averaging 5,000MW in 2017 from 2,690MW in 2015.

“We are also putting together a policy position to help expand the distribution network of the Discos and use this to distribute the 2,000MW that is currently available but cannot be distributed.

“I also use the opportunity to call out to manufacturers to let us know where they are, how much power they need, and how we can connect you because we have 2000MW of undistributed power,” Fashola stated.

Fashola also claimed Nigerians were now spending less money on fuel for their private generators.

“I will like to thank all of you for your contributions towards these milestones. The reason I thank you is because you are impacting the lives of Nigerians, you are saving them money and changing their lifestyles for the better.

“They tell me that their consumption of diesel and petrol to run generators for power has reduced and the hours they run their generators has gradually reduced. This is the result of incremental power and we must get more of it.

“They also tell me that they are now monitoring how they use power and are turning off appliances that are not needed. Although this is meant to save costs, it also conserves energy, reduces waste and supports incremental power,” he added.

LaLiga: What Neymar said about Coutinho’s move to Barcelona

Barcelona’s new boy, Philippe Coutinho, has revealed that he was congratulated by the club’s former forward and international team-mate, Neymar Jr., following his move from Liverpool to Camp Nou.

“I play with Neymar in the national team and we have been friends since we were kids,” Coutinho told a news conference.

“He congratulated me and told me that there are incredible changing rooms.

“Luis Suarez and Paulinho also told me they hope I will have a very happy future here.”

Neymar left Catalonia to join Paris Saint-Germain for a world-record fee of €222million last summer.

Coutinho has reportedly cost Barca a club-record fee of €160million, making him the third most expensive player in history, behind Neymar and Kylian Mbappe, who will move to PSG on a permanent deal from Monaco at the end of the season for €180m.

Pep Guardiola City need trophies to be 'big club'

Pep Guardiola says Manchester City must match Manchester United and Liverpool by winning trophies in order to become one of the game's giants -- and dazzling football is not enough.
The runaway Premier League leaders maintained their relentless charge in four competitions by sweeping into the FA Cup fourth round at Burnley's expense on Saturday.

They are now eyeing a place in the League Cup final as they host Championship side Bristol City in the first leg of their semi-final on Tuesday.

"A win helps to win more, then we are there, going to go to London to play the final," said the City manager.

"It's important (to win trophies). To become a big club like the teams I have faced, or teams like (Manchester) United or Liverpool, with a really big history, you have to win.

"Nobody can take away what we have lifted so far -- the pleasures from this team of the last three or four months, they belong to us. In the process, when you live in good moments, I say to the players, 'Enjoy it'. It is so complicated it may not happen again.

"But after, of course, to give real value to what we have done so far, what we are going to do in the future, you have to lift the titles. Without that, it's OK, it's good, but not enough."

The former Barcelona and Bayern Munich boss was pleased to see Leroy Sane back on the scoresheet in the 4-1 victory against Burnley.

The winger has been one of several standout City performers this season but the strike was the 21-year-old's first since October and Guardiola feels he still has much to do to reach his full potential.

"He has a special talent," said Guardiola. "Of course it was important to score another goal. We need his goals, but also his assists, crosses, how he defends backwards.

"He made a lot of very good things but at 21, 22 years old -- I met only one player in my life at that age who knew absolutely everything and he could do absolutely everything. The other guys have many, many things to improve, and Leroy especially."

As at today, we have lost over 200 herdsmen and 2 million cattle - Miyetti Allah cries out

Despite allegations of mass killings leveled against Fulani herdsmen in the country, particularly the recent killings in Benue, the association of the herdsmen, Miyetti Allah Cattle Breeders Association, has also raised alarms that its members are being killed.

Why Ripple and Other Cryptocurrencies Are Crashing Right Now

Why Ripple and Other Cryptocurrencies Are Crashing Right Now https://t.co/aS7voOfrRT For the second time in less than three weeks, cryp...