Stock market 101: what you should know.

Stock Market.

Stock market is sometimes called the equity market or simply the share market. It is in the most basic of terms an aggregation or coming together of both the buyers and sellers of stocks which means ownership or claim of stake in a business.

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The investment in stock market is often done through a licensed and recognised stockbroker or through a brokerage platforms which could be electronic or physical. For you to be very successful in the stock market investment, you must have an investment strategy in mind. And basically what you try to observe in every stock trading is the price movements. The aim why people buy stock is to make profit. So you basically look out for when the stock is going up or when it’s on a lossing trend. It is a very volatile market and you can win very big in a moment and loss very big the following seconds.

What you should know.

  1. Ensure your risk per trade at a time is either in 1% or 5% respectively. This will help reduce danger of lossing all at a time.
  2. Do just one trade at a time. Sometimes you maybe carried away and then decides to enter the market multiple times. At any point in time avoid such urge.

So you have it. We will be going deeper with time on some major things to watchout for as an expert or newbie in this stock market Business.

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Web 1.0: Front end and back end web development, what you should know.

Web development.

By, Geofrey kenny.

When it comes to Programming, a lot of efforts and skills are involved. There have been a great shift in the way professionals who wants to take this route could navigate. And in recent times, three common career tracks is increasingly becoming the order of the day such as; front end web development, and back end web development then full stack developer.

What you should know.

Front end web development simply involves the aspect of website design that codes and creates front end elements of a website. These are those features that are directly viewable and accessible by the end-user or client. Essentially, a front end developer is responsible for everything you see and works to enhance the user experience, ensuring it is seamless and with a good layout. In a nutshell if your aim is to improve the aesthetic look of your website, then a front end developer is your go person for such job.

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What are the tools to master.

As a prospective FE developer, you would be dealing with several visual components on a website as well as interactive features like navigation, buttons, or anything that enhances overall usability. HTML, JavaScript, and CSS.

So here are skills you must have.

A good grasp of front end programming languages. The ability to create a responsive design. A knowledge of testing and debugging. An understanding of front end development tools and features like automation, content management systems etc.

Back End Development in simple terms.

In contrast to front end development, which focuses on customer-facing products and programs, back end development addresses server-side web application logic and integration. Back end developers write code to help a database and application communicate. Essentially, a back end developer handles what you don’t see; they are in charge of the back end of a website, which includes servers, databases, and applications.

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Some of the skills required for back end developer jobs include:

Database management, Framework utilization, Programming, Knowledge of accessibility and security compliance.

Back end development requires more advanced programming languages such as Java, PHP, Ruby, and Python. Etc

A full stack developer in contrast does some or all of the above. So basically he is a jack of all trade and master of all😀

So you have it up! Dive in and pursue any of these skill set it may come handy some day, you know!

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Bitcoin Not a Threat to US Dollar: Federal Reserve Bank President James Bullard.

US Federal Reserve Bank

In the wake of sudden surge in the world’s flagship cryptocurrency Bitcoin, the federal reserve President of the United States Of America has said that the global reference fiat US Dollars was not in any imminent danger. He further clarified and proposed that the frenzy would ultimately go down and things would get corrected refering to what happened prior to the second world war when many banks were issuing different kinds of US dollars.

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“I just think for Fed policy, it’s going to be a dollar economy as far as the eye can see — a dollar global economy really as far as the eye can see — and whether the gold price goes up or down, or the bitcoin price goes up or down, doesn’t really affect that. Dollars can be traded electronically already, so I’m not sure that’s really the issue here”. He said.

“The issue is privately issued currency, you don’t want to go to a nonuniform currency where you’re walking into Starbucks and maybe you’ll pay with ethereum, maybe you’ll pay with ripple, maybe you’ll pay with bitcoin, maybe you’ll pay with a dollar. That isn’t how we do this. We have a uniform currency that came in at the Civil War time,” he affirmed.

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What you should know.

Bullard is an economist who has been the president of the Federal Reserve Bank of St. Louis since 2008. Many analysts are of the opinion that going by the recent bull run of bitcoin and high global acceptance it is currently gaining, it may not be too long we see the fall of dollars as the main global reserve currency.

What you must know.

Currently, a lot of countries are trying to find a way to end the dollar economy. One of the leading countries in this quest is China.

In Russia, gold has already exceeded the U.S. dollar in the country’s reserves as Russian President Vladimir Putin focuses on de-dollarization. This was being viewed as a big threat to US dollars. Added to the emergence of Bitcoin which is more liquid albeit very volatile, many are already seeing the future of dollars to be blinking.

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Donald J. Trump twice impeached, twice acquitted.

The 45th President of United States Of America was absolved from “insurrection indictments” trial by the Senate in what was seen as good news to his numerous supporters across the American landscape.

Donald Trump’s unprecedented second impeachment trial began on Tuesday 9 February in the Senate. He is the first US president to be impeached twice, and it is the first time an impeachment trial has been held against a former president. And also now he is the first President to be absolved in all of the two.

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On 13 January, the US House of Representatives voted by 232 to 197 to impeach Trump over a claim of “incitement of insurrection” after his supporters stormed the Capitol in what was alleged to be an attempt to overturn November’s election results which has been quashed now by the upper chamber.

What you should know.

Although the final vote came in as 57 “guilty” and 43 “not guilty”, the Democrats did not reach the two-thirds majority they needed to secure a conviction. Seven members of Mr Trump’s own party (Senators Sasse, Romney, Burr, Collins, Murkowski, Toomey and Cassidy) joined Democrats on the charge of incitement.

In his defiant statement after the conclusion of Saturday’s vote, Mr Trump hinted he may return to the political spotlight.

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He said: “Our historic, patriotic and beautiful movement to Make America Great Again has only just begun.

“In the months ahead I have much to share with you, and I look forward to continuing our incredible journey together to achieve American greatness for all of our people.”

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India Government moves to outrighly ban cryptocurrency in all ramifications in the newly proposed law.

India.

The apex bank of india popularly called the Reserve bank of India have proposed a law which when effected would see a total ban of Cryptocurrency in india. India Government have had countless sleepless nights since the growing popularity of the cryptocurrency trading. The country had also mouthed high taxing of the digital currency even upto 18% of profit.

This latest move is coming after the Central Bank of Nigeria instructed all financial institutions in the country to block the accounts of all individuals and entities linked to cryptocurrency transactions a move which angered a lot of experts, FinTech Start-ups and investors.

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What you should know.

There has been a lot of drama surrounding India’s cryptocurrency stance. In 2018, the Reserve Bank of India issued a ban on all cryptocurrency transactions. The ban was however lifted by the country’s Supreme Court in March 2020. According to some insider sources, the ban would not be imposed overnight, as in the case of Nigeria. Instead, investors would be given three to six months to liquidate their investments.

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Mr. Johann Rupert dethrones Aliko Dangote as Forbes African Richest man.

Billionaire Businessman Mr. Rupert.

The lastest Forbes African richest man ranking have seen a significant break from an almost 9 years domination by Nigerian Billionaire Aliko Dangote come to an end.

In the list released by famous magazine forbes, Mr. Aliko Dangote reign was halted by the emergence of South Africa business mogul Mr. Rupert.

Rupert is the chairman of Swiss-based luxury goods company Richemont and South African company Remgro, Richemont’s brands include Cartier, Van Cleef & Arpels, and Piaget. Rupert was born into wealth – the family fortune started with his father Anton, who dropped out of medical school because he couldn’t afford the tuition, and with 10 pounds he and two investors started making cigarettes in his garage.

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This small enterprise grew into the tobacco and industrial conglomerate Rembrandt Group. However, Johann didn’t want it to be taken for granted that he would step in and run the company his father started, so he set out to make his fortune on his own terms. So while Rupert did inherit quite a fortune, for all intents and purposes, he is a self-made billionaire too, because his fortune was earned in a very separate way from his father’s, by diversifying and changing the focus of the family business. The companies have seen a tremendous growth over the years into a Billion dollars conglomerate.

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Mr. Aliko Dangote current networth is at $7Billion USD. While Mr. Rupert networth is valued at $7.3 Billion USD.

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I sold all of my crypto in 2015 after I was laid off from a job : DOGE coin co-founder Mr. Billy Markus.

DOGECOIN

The cofounder and owner of the fast rising cryptocurrency Dogecoin has said that he was forced to let go all his coins after he was sacked by his employer in 2015. He made this statement after he was asked about his opinion in the recent surge of the cryptocurrency that was widely regarded as a Meme and started like a joke.

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“People are talking about Dogecoin going to $1 – that would make the ‘market cap’ larger than actual companies that provide services to millions, such as Boeing, Starbucks, American Express, IBM. Does Dogecoin deserve that? That is not something I can comprehend, let alone answer. It went from a silly joke to something worth something to people very quickly, and a community was developing fast, with lots of shady people and lots of new people, quickly putting up services and infrastructure around it,” Markus said.

Markus quickly added, “I don’t currently own any Dogecoin except what has been tipped to me recently. I gave away and/or sold all the crypto I had back in 2015 after being laid off and scared about my dwindling savings at the time, for about enough in total to buy a used Honda Civic.”

What you should know.

Dogecoin is one of the most volatile cryptocurrency and has recently provoked tweets from Tesla CEO Elon Musk and Billionaire investor Mark Cuban which aided the current surge.

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What you must know.

Just like bitcoin, Dogecoin is a peer-to-peer, open-source cryptocurrency. Dogecoin trades under the ticker symbol “DOGE” and features the face of the shiba inu from the popular Doge meme as its logo. The currency have gone up in value and reached an all time gain of about 2,327% in the past 3 months.

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Dr. Okonjo Ngozi Iweala set to make history on 15th February as head of WTO.

Dr. Ngozi Okonjo Iweala.

Baring any last minutes glitches, the two time finance minister and first woman coordinating minister of economy in the Africa most populous country Nigeria is set to be announced as the substantive head of the famous world trade organization (WTO).

Late August after the head of the World Trade Organization stepped down, most member countries overwhelmingly rallied behind a successor: 163 nations backed the Nigerian economist Ngozi Okonjo-Iweala, who was also a former World Bank number 2 to chair the organisation, however, such move was vehemently resisted by the past United States administration of Mr. Donald Trump.

Electing her would be “a mistake,” the Trump administration’s chief trade negotiator said, citing a lack of trade experience as the reason for resistance of her candidacy.

Mrs Iweala however stayed calm and a lot have changed within a short period of time and she is now about to be named the first woman to head this global trade empire in its 25 years history.

Who is Ngozi Okonjo Iweala? What you should know.

Dr. Ngozi Iweala is a development economist and former and twice Finance Minister of Nigeria the role that was expanded to include the portfolio of the Coordinating Minister for the Economy. In 2006 she served as Foreign Affairs Minister. She has been the Board Chair of Gavi, the Vaccine Alliance, since 1 January 2016.
 
She has also held several key positions at the World Bank, including as Managing Director. She is currently a senior adviser at Lazard and serves on the boards of the Rockefeller Foundation and the Center for Global Development, among others. She is also the chair of African Risk Capacity, a specialised agency of the African Union to help member states prepare for and respond to extreme weather events and natural disasters. She sits at the board of Twitter.
 
She was named by Fortune magazine as one of the 50 greatest world leaders in 2015, and by Forbes for five consecutive years as one of the 100 most powerful women in the world. In 2014, Dr Okonjo-Iweala was recognised by Time magazine as one of the world’s 100 most influential people.
 
She graduated with a degree in Economics from Harvard University, and holds a PhD in Regional Economics and Development from the Massachusetts Institute of Technology (MIT).

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Close all accounts transactions involving Cryptocurrency: Nigerian Central Bank Directs all Commercial Banks.

Central Bank Of Nigeria Headquarters.

The Apex bank in the African most populous Nation Central Bank Of Nigeria (CBN) have directed all Commercial banks to henceforth stop facilitating all Cryptocurrency related transactions.

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In a memo made public and obtained exclusively by IYKEMAN.com, the CBN said that the directive is total and takes immediate effect.

The statement read in part;

“dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited. As such, all banks should identify persons and/or entities transacting with cryptocurrency or operating crypto exchanges on their platforms and ensure that such accounts are closed immediately. Any breaches of the order would face “severe regulatory sanctions,” the order states.

Read the memo here;

What you should know.

The central bank order was signed by Mr. Bello Hassan, the Director of Banking Supervision, and was dated Feb. 5. This is the first time the CBN is making an open Memo to the commercial banks in the country and analysts are already kicking against the policy saying it would make regulatory duties more tedious for the Apex bank.

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Breaking: Cryptocurrency Robbers of #Kucoin has been unmasked.

The flagship Cryptocurrency Bitcoin.

The FinTech and cryptocurrency trading platform #Kucoin chief executive Mr. Jonny Lyu has said that the internet robbers behind the theft of its cryptocurrency worth more than $204Million USD has be found.

He made this known through series of tweets to its followers and fans. The tweets reads;

Switch

“After a thorough investigation, we have found the suspects of the 9.26 KuCoin Security Incident with substantial proof at hand. Law enforcement officials and police are officially involved to take action.

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With great support from our partners of the industry, another $64 million in assets are now out of the control of the suspicious addresses, bringing the total value to $204 million since KuCoin is coming back to fully functional. My team and I will continue to do our best to offset the impact of the incident.

As of now, a total of 31 tokens have opened deposit & withdrawal services, and more tokens including $BTC, $ETH, and $USDT will follow. After the hack, crypto projects worked to freeze or render useless most of the assets. Many teams updated their blockchain to make this happen.”

What you should know.

As it stands now, about 72% of the total hack, is out of the control of the suspicious addresses according to Mr. Lyu which is worth an overall estimate of about $204 million worth of cryptocurrency. With this, #Kucoin have proposed resumption of its trading while giving investors hope of hedging against any future hacks.

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