RAIS WA TANZANIA AFARIKI DUNIA

Rais Wa Tanzania (John joseph pombe magufuri) na kipenzi cha WaTanzania wengi Afariki Dunia Taarifa zimeakikishwa na Makamu wa Raisi Mama Samia Suruhu Mungu Airaze Roho ya John Joseph pombe magufur mahara pema peponi Amen.

Abbreviations We Normally See

1.) GOOGLE : Global Organization Of

Oriented Group Language Of Earth .

2.) YAHOO : Yet Another Hierarchical
Officious Oracle .

3.) WINDOW : Wide Interactive Network
Development for Office work Solution

4.) COMPUTER : Common Oriented
Machine Particularly United and used
under Technical and Educational
Research.

5.) VIRUS : Vital Information Resources
Under Siege .

6.) UMTS : Universal Mobile
Telecommunications System .

7.) AMOLED : Active-matrix organic light-
emitting diode

8.) OLED : Organic light-emitting diode

9.) IMEI: International Mobile Equipment Identity .

10.) ESN: Electronic Serial Number .

11.) UPS: uninterruptible power supply .

12. HDMI: High-Definition Multimedia
Interface

13.) VPN: virtual private network

14.)APN: Access Point Name

15.) SIM: Subscriber Identity Module

16.) LED: Light emitting diode.

17.) DLNA: Digital Living Network Alliance

18.) RAM: Random access memory.

19.) ROM: Read only memory. 20.) VGA: Video Graphics Array

21.) QVGA: Quarter Video Graphics Array

22.) WVGA: Wide video graphics array.

23.) WXGA: Widescreen Extended
Graphics Array

24.)USB: Universal serial Bus

25.) WLAN: Wireless Local Area Network

26.) PPI: Pixels Per Inch

27.) LCD: Liquid Crystal Display.

28.) HSDPA: High speed down-link
packet access.

29.) HSUPA: High-Speed Uplink Packet Access

30.) HSPA: High Speed Packet Access

31.) GPRS: General Packet Radio Service

32.) EDGE: Enhanced Data Rates for
Global Evolution

33.)NFC: Near field communication

34.) OTG: on-the-go

35.) S-LCD: Super Liquid Crystal Display

36.) O.S: Operating system.

37.) SNS: Social network service

38.) H.S: HOTSPOT

39.) P.O.I: point of interest

40.)GPS: Global Positioning System

41.)DVD: Digital Video Disk

42.)DTP: Desk top publishing.

43.) DNSE: Digital natural sound engine .

44.) OVI: Ohio Video Intranet

45.)CDMA: Code Division Multiple Access

46.) WCDMA: Wide-band Code Division
Multiple Access

47.)GSM: Global System for Mobile
Communications

48.)WI-FI: Wireless Fidelity

49.) DIVX: Digital internet video access.

50.) .APK: authenticated public key.

51.) J2ME: java 2 micro edition

52.) SIS: installation source.

53.) DELL: Digital electronic link library.

54.)ACER: Acquisition Collaboration
Experimentation Reflection

55.)RSS: Really simple syndication

56.) TFT: thin film transistor

57.) AMR: Adaptive Multi-Rate

58.) MPEG: moving pictures experts
group

59.)IVRS: Interactive Voice Response System

60.) HP: Hewlett Packard

Russian Man Found sentenced to Prison

Russian man who founded and ran the now-defunct Bitcoin exchange service BTC-e, has been sentenced to five years in prison. A Paris court has found Vinnick guilty of money laundering and has ordered him to pay €100,000 (US$121,000) in fines. Vinnick was arrested in Greece back in 2017 under an international warrant issued by the US Department of Justice and was extradited to France earlier this year.

The Justice Department accused Vinnick of operating BTC-e as a front for a massive money laundering operation that accepted stolen funds from cyberattacks. Security firm Wizsec previously linked his private BTC-e accounts to funds stolen from Mt. Gox. If you’ll recall, around $480 million worth of Bitcoins disappeared from the exchange service back in 2014 due to, as Mt. Gox CEO Mark Karpeles called them, "weaknesses in the system."

The US DOJ charged Vinnick with 17 counts of laundering up to $4 billion since the exchange was founded in 2011. Meanwhile, French prosecutors charged him for “extortion, conspiracy and harming automatic data-processing systems.” French authorities believe he helped create the ransomware “Locky,” which was spread through email and was used to attack French businesses and organizations between 2016 and 2018. At least 20 entities in the country ended up paying ransom money in Bitcoin to get their networks freed.

Vinnik’s side argued in court that he was only a technical operator carrying out instructions from BTC-e’s directors. While the court still ended up convicting him for money laundering, it’s hardly the worst-case scenario for Vinnick. According to ZDNet, French prosecutors were only able to prove one of the 14 charges brought against him, and it wasn’t the one involving Locky. That means he was able to avoid the 10-year sentence and the €750,000 fine the prosecutors had requested.

Binance to Face Money Laundering Charges

Binance prerequisites for lax KYC are causing legal issues for the crypto exchange. The KYC conditions are being attacked by the present CEO of a Japan-based exchange attacked two years ago.

Fisco, the crypto exchange that bought Zaif after it was hacked, filed a petition against Binance, pointing that its lax KYC prerequisite and the daily withdrawal limit contributed to the laundering $60M stolen from them.

They accused Binance of assisting in $9M worth crypto and is asking for compensation. Fisco stated that the exchange could prevent the assets from being stolen because blockchain transactions can be traced.
A part of the statement presented against the exchange explained why northern California is the perfect jurisdiction to sue the renowned exchange.

The first fact argued that California houses the exchange's sever because it uses Amazon cloud service. The statement explained that the server has extensive coverage that can be changed and claimed that most of its facilities could be found in the State.

Other facts explained that Binance uses Custodians in the western US state for cold storage. However, it's unknown if this evidence will convince the court as they seem not too substantial.

Source::

https://cointelegraph.com/news/binance-sued-for-allegedly-facilitating-money-laundering-with-lax-kyc

Source: Cointelegrah

IMF Predicts Banks Will Struggle at Least 5 More Years To Recovers

The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the COVID-19 pandemic so their troubles “will extend to at least 2025, well beyond the immediate effects of the current situation.”

Banks to Face at Least 5 More Years of Hardship

The IMF expects that banks will continue to struggle to generate earnings after the global economy recovers from the economic crisis. In its most recent “Global Financial Stability Report,” the IMF examined banks across nine advanced economies and found that they will struggle to generate profits over the next five years as the coronavirus pandemic causes a sustained period of low-interest rates. The IMF described:

Banks’ earnings challenges emerged prior to the recent covid-19 episode and will extend to at least 2025, well beyond the immediate effects of the current situation.

“The COVID-19 outbreak is an additional test to banks’ resilience,” the IMF elaborated. “Underlying profitability pressures are likely to persist over the medium- and longer-term even once the global economy begins to recover from the current shock.”

Banks’ earnings have already been severely hit by the economic shock of the coronavirus pandemic, with several of the largest U.S. banks reporting massive losses in Q1 2020. The KBW Nasdaq Bank Index, a benchmark stock index of the U.S. banking sector, has fallen 39% year to date. Wells Fargo’s first-quarter earnings fell 90% while JPMorgan Chase’s profit dropped 70%. Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley also saw their profits plunge. However, Oppenheimer analyst Chris Kotowski pointed out that banks have not taken substantial credit losses so their large provisions for loan losses in the first quarter lack “economic substance.” Significant loan losses are expected in the second quarter.

IMF financial counselor Tobias Adrian pointed out that “Banks go into this crisis with a lot of capital and liquidity.” Nonetheless, he added:

This is a very, very severe economic crisis.

The European Banking Authority (EBA), however, said Monday that it expects banks in Europe to be able to withstand the potential credit risk losses from the economic crisis. The EBA noted that “the extent to which banks will be affected by the crisis is expected to differ widely, depending on how the crisis evolves, the starting capital level of each bank and the magnitude of their exposures to the most affected sectors.”

Meanwhile, IMF Managing Director Kristalina Georgieva told a meeting of G20 finance ministers and central bank chiefs last month that more than 100 countries have asked for emergency assistance so far. The IMF has declared a global recession, predicting the worst global crisis since the Great Depression with a cumulative loss estimate to global GDP of around $9 trillion.

source:: Bitcoin.com

Bitcoin Halving Completed

Bitcoin Halving Completed

Bitcoin remains in a bullish pattern moving into the typically low volume weekend as it continues to test the $10,000 level of resistance.

The world’s largest cryptocurrency, which now has a market cap of $172 billion, is currently consolidating at around $9,385 since Monday’s halving. which happen earlier than expected May 11. Miners receive 6.25BTC per block divided from 12.5BTC and while it might not have an immediate impact on price action, it is considered bullish from a macro perspective due to a lack of new supply.

Many People Expected Bitcoin price change After halving will Increase But not speculate after which time will that Happen, But when We look into Bitcoin Halving Historical data, people will understand price increase will take place after sometime Few and experienced people Know About it But many Newbies think it will shift up soon after Halving.

Lets ChecKBack into History

2012 Bitcoin halving took place on November 28, 2012, Block reward divided from 50 BTC to 25 BTC On which 1 BTC was around $12 A year later price was around $1k.

2016 Bitcoin halving Block reward was divided from 25 BTC to 12.5 BTC on which 1 BTC was around $600 A year later price was around $2k in the same

the year 2017 Bitcoin hit $20k then get Back to its normal Around in price.

Historical data may be proved wrong or right because all that happened in the time where there was no Incidence or emergency like we have (Covid-19) But also the Bitcoin price change which predicted to get high will not occur suddenly if everything remains constantly compared to previous market Environment (this is only if the market will not take into account Covid-19 but if it will take it into account anything can Happen definitely it will not go much high like before or not at all ) And the Change will take after sometimes may take after 6 months, a year, or 1 year and 6 months.

Corona Virus / Covid-19 and Economic Impact

The World pandemic disease has course major issues which Impact in every sector with much common for the spread like this, that its measurements of Control is definitely impacted the Economy from Individual level, national and International level And if the problem will continue some Countries might face Economic difficulties, its a wise decision if the problem Could be seen as Opportunity for some industries although this will not change the reality of the situation over the economic Aspect that has Been impacted by the disease.

We predict Economic results due to the scenario that there might also be a change of economic level again from Individual level, national and Internation level, for the countries which their economy is not strong after this pass will struggle to get to their economic level.

To be Updated

Bitcoin Wales

Coming Across Topics and posts detect some vocabulary which appears to be used mostly in many comments and posts currently, I understand it in general that people are talking about bitcoin but and I didn't realize if it is the right the way I think and not sure, following different posts also see I'm not alone with some kind of misunderstood how people use the world wales or Bitcoinwalles, this is not Because I'm newbie, yes I might be in the forum but not in crypto and think of other people no matter of the ranks did they use the word bitcoin wales /wales Correctly or did they mean in the same way correlated with other people when they use it. So I decided to Find some reading online which will help me and other people who confused by this Vocabulary or Need to adding knowledge about the terminology for the people who are already the know it

What Is a Bitcoin Whale?

At this moment in time, the cryptocurrency market has a total capitalization of over $200 billion USD. As you may imagine, these funds aren’t distributed evenly, which means that people can individually own anywhere from a few bucks up to millions of dollars. So who are these investors? Bitcoin whales are individuals, hedge funds, and Bitcoin investment funds holding the highest amount of coins. In other words, these are the biggest Bitcoin investors on the market.

Due to the anonymity associated with Bitcoin’s blockchain network, it is difficult to say who owns what, but we know a high percentage of the coins is held by whales. At this moment in time, several of the major Bitcoin investment funds—meaning the biggest Bitcoin investors—include Bitcoins Reserve, Coin Capital Partners, Pantera Capital, Falcon Global Capital, Bitcoin Investment Trust, Fortress, and the Global Advisors Bitcoin Investment Fund. It’s believed that all these funds manage hundreds of thousands of Bitcoin, which can only enter digital currency exchanges via special arrangements.

Bitcoin whales are highly relevant to the market, as massive coin movements arranged by this group have the power of influencing prices and can create buy/sell trends. With this in mind, a Bitcoin whale that decides to sell part of their coins can plummet prices, as numerous others follow the trend and engage in panic selling. The same concept is valid when large amounts of coins simply move or are purchased.

Bitcoin Whale Stats

Now that we’ve discussed just what is a whale investor, let’s see how much of the market they own, how many of them there are, and where they’re keeping their investments.

According to a study made by ChainAlysis, at this moment in time, the Bitcoin whales group is a cluster made up of roughly 1,600 investors who hold around $37 billion in Bitcoin. This means that they hold almost one third of all the Bitcoin in circulation—close to 5 million coins. The coins are kept in wallets containing at least 1,000 BTC each.

To put things into better perspective, here are some statistics that will present how Bitcoin wealth is distributed amongst its richest users.

1633 addresses containing 1,000–10,000 BTC, or $22.8 billion USD

121 addresses containing 10,000–100,000 BTC, or $20 billion USD

3 addresses containing 100,000–1,000,000 BTC, or $2 billion USD.

What is Bitcoin Wales Again ?

1.Bitcoin Wales is a group that shall operate over Wales and push for Bitcoin adoption and the adoption of digital currencies.

2.It aims to be the centre point for the media or government to approach about digital currency matters.

3.There is often a misunderstanding of Bitcoin and digital currencies and we aim to be there for organisations to approach in regards to clarification about Bitcoin.

4.We will educate and teach people about Bitcoin and digital currencies so that the benefits can spread wide across wales.

5.Bitcoin Wales shall operate local groups across Wales and currently operates in Newport, Cardiff and Swansea.

6.The reason we are doing this is because we believe in the profound impact of this technology and we believe that digital currencies will greatly help Wales and the people of Wales to flourish.

Chinese Nationals Sanctions For Laundering

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering in cryptocurrency stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against the same two individuals.

Tian Yinyin (田寅寅) and Li Jiadong (李家东), materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, a malicious cyber-enabled activity, and the Lazarus Group, the OFAC alleged. The Lazarus Group is a U.S.-designated North Korean state-sponsored cyber group.

HOW EXCHANGE HACK

The Treasury said that Lazarus Group creates malware code from the now-defunct cryptocurrency application Celas Trade Pro, creating illegitimate websites and malicious software to conduct phishing attacks against the cryptocurrency sector.

In April 2018, an employee of an unnamed exchange downloaded the malware through an email, giving the hackers remote access to the exchange and unauthorized access to customers’ personal information, including private keys used to access crypto wallets stored on the exchange’s servers. The hackers used the private keys to steal cryptocurrencies worth $250 million at the time.

Reported By https://news.bitcoin.com | https://cointelegraph.com/

Bitcoin Can be Regulated

CryptoBusiness

The different government keeps discussing the rigidity of bitcoin as the currency which can be used in Daily transactions as normal currency/fiat money. The ground of bitcoin provides every aspect of controlling transactions in order to regulate it and avoid money laundry practices. For sure you can't have one hundred control in any currency Control but at least

Bitcoin proves itself as the stable currency which can store value and used to change people's lives and control is over KYC which done by many companies in crypto is not much but at least the company understands which address is doing How.

The Adoption of big government into the blockchain like China also still shows Blockchain technology with its mother coin Bitcoin is ready to be used also the establishment of Turkey Bank into migration to worldwide crypto Exchange shows Crypto is a financial instrument that store currency value where people now are able to withdraw crypto to fiat money Directly to Bank Account.

The steady growth of the trading volume of TRY pairs, CZ said that Binance is seeing strong demand in the Turkish market for crypto. Naming Turkey as an important market for Binance, he then reiterated his description of Turkey as “a vibrant country that has one of the strongest demands and fast-growing interest in crypto, blockchain, and technology in general.” When Binance organizes meetups locally, those in Turkey are usually some of the biggest ones around the world,

SUMBI ONLINE BUSINESS | SOB