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How Binance adopts a user-first approach for enhancement of crypto security

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Binance crypto security

Over the years, cryptocurrencies have gained enormous popularity, making people adopt them as a tool for financial transactions. In fact, cryptocurrencies have delivered several benefits, such as minimal transaction fees, instant accessibility and high levels of transparency.

With all the benefits cryptocurrency has over traditional currency and even other asset classes, it’s hard to argue that there’s no value in transacting with or investing in crypto. The utility provided by many cryptocurrencies is of great benefit to people who value fast and secure transactions. And this is only going to grow more accessible over time with fewer technical hurdles being curbed.

Crypto Security

As a digital payment system, cryptocurrency doesn’t rely on banks to check and verify transactions. It utilizes a peer-to-peer network that makes it possible for anybody, anywhere, to send and receive payments. This system uses encryption to verify transactions and the aim of this is to provide added security and safety.

Just like traditional systems, blockchain networks are not exempted from potential obstacles. However, despite the prevalence of this, there are tools that enable anyone to look up transaction data such as the location, timing, and quantity of cryptocurrency sent from a wallet address. The amount of cryptocurrency saved in a wallet may also be seen by anyone, and this level of transparency helps cut down on any insecurities.

Read Also: Binance signs Cristiano Ronaldo for exclusive partnership

Recently, an automated market maker (AMM), Wine Swap, engaged in an exit scam, and the Binance Security team was able to effectively recover an estimated 99.9 percent of the nearly US$345,000 worth of stolen bitcoins. The platform’s busiest and most dedicated community builders, Binance Angels, have been instrumental in raising money for recovery operations. The volunteer organization assisted a user in recovering 98,000 USDC in funds that were unintentionally sent to the incorrect address.

Keys to Enhancing Crypto Security

Whilst the element of transparency in cryptocurrency transactions as well as the blockchain network exist to conquer any potential insecurities, there is still a need to adopt stringent security measures.

Advanced security measures, offline money storage, real-time activity monitoring, and data encryption are a few of Binance’s main platform security initiatives. In addition to ensuring that only users have access to their personal information and the safety and integrity of user cash, these initiatives also analyze user activity through Binance’s risk management system in the event of any unexpected activity on the account.

While guaranteeing industry-wide compliance with crypto security standards, it’s critical to take user-level security into account, which takes us to the user-first approach.

The User-first Approach

A high level of security is maintained on the user’s side thanks to the user-first approach. Maintaining a security measure on the user’s side is as crucial to maintaining crypto compliance on the industry side. This is a vital key to enhancing crypto security. The Binance platform consistently prioritizes user protection through its cutting-edge security measures and stringent data privacy laws because users are the foundation of the Binance ecosystem. This consists of a comprehensive risk management system, real-time monitoring, and cutting-edge data privacy solutions.

Safe sign-in, access control, and security notifications are among the user-level security measures to ensure adequate crypto security. In addition to the user-first approach measures, Binance also put the following actions in place to guarantee user-level security: prompt alerts in the event of questionable activity, a stringent sign-in policy, and opt-in security measures.

Additionally, Binance, just like Bitcoin Prime includes a cooling-off time feature that stops trading in derivatives, allowing users to refrain from compulsive buying after experiencing losing streaks. This capability is also accessible for margin trading, allowing for the temporary suspension of activities like borrowing and isolated or cross-margin trading. Along with these capabilities, the platform also contains user-generated material, help articles, an auto-deleverage liquidation indication, and client knowledge tests.

The greatest level possible of cybersecurity must be maintained regardless of the rise in crypto vulnerability, and Binance has taken this step to retain their commitment to user safety by adopting a user-first approach.

Also, it is important for users to take security measures seriously. Keep your devices safe, and also conduct personal research on the cryptocurrency you’re transacting with. This is important as it keeps you informed about the cryptocurrency market and improves your future investments decisions.

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So Fraiche Media Hosts Maiden ‘Art In The City’ Exhibition For Talented Ghanaian Artists

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So Fraiche Media, Africa’s leading media agency, has teamed up with Indelibl Arts and Bambou Events, to host a series of art exhibitions showcasing the work of exciting Ghanaian contemporary artists. The first in the series of exhibitions dubbed “Art In The City” was held at Level Up Lounge in Labone, Accra on Tuesday.

The collaboration, spearheaded by the Managing Director of So Fraîche Media, Cyril Ofori Nelson, aims to synchronise ideas and resources to help contemporary artists become more entrepreneurial and learn how to build stainable businesses and brands.IF9A0529

Speaking at the event, Mr Ofori Nelson, Managing Director, So Fraiche Media, said that “the arts industry was a close-knit group with a few people understanding its essence and value”. He attributed it to the high patronization by diasporans and expatriates.

Mr Ofori Nelson further intimated: “Art In The City has been created to make contemporary art more inclusive and fun. There is also an educational element to the art industry we want to expose to guest who often see the art industry as something they can’t relate to”.IF9A0551

The art exhibition seeks to help bridge the gap between art enthusiasts and collectors, art investors, and academia while providing opportunities for artists to lay the groundwork for branding, self-awareness, and networking.

Indelibl Arts decided to collaborate with So Fraiche Media in order to help the artist get the needed exposure and access to a new market of art collectors and investors.

The founder of Indelibl Art and Accra Art Week, Edwin Otto, stated that “he is highly encouraged by this partnership as it leverages the expertise of Indelibl Arts, Bambou Events and So Fraîche Media encourage more engagement within the Ghanaian and African art scene”.

Read Also: This Week On Miss Malaika Ghana – Spices, Recipes And The CULINARY ARTS!!

He believes that the combination of Indelible Arts, Bambou Events, and So Fraîche Media will stimulate increased engagement in the Ghanaian and African art scenes because of their strong competence on the ground.

Founder for Bambou Events, Tyrone Adu-Mfum indicated that the idea initially stemmed from the desire to provide a platform for live band musicians to showcase their craft in a bid to support African creatives.

“The zeal to support African Art birthed the ‘Art In The City’ Exhibition to create a networking platform for unknown yet talented artists as a pivot for their tremendous work, starting off with Ghanaian artists. What we hope to do is to give them awareness, the eyeballs, give people a chance to meet potential agents”, Mr Adu-Mfum explained.

So Fraiche Media Hosts Maiden ‘Art In The City’ Exhibition For Talented Ghanaian Artists

So Fraiche Media Hosts Maiden ‘Art In The City’ Exhibition For Talented Ghanaian Artists

The event witnessed the attendance of art enthusiasts in prominent figures such as The Spanish Ambassador to Ghana, His Excellency Javier Gutiérrez, together with his wife, Mrs Rebekah Kosinski. It also brought together West African artist Edward Ofosu and Ghanaian fine artist Mustapha Asomani with a display of some arts from talented artists. Edwin Otto, founder of Indelibl Arts, was present with Kwaku Osei-Sarpong, West Africa Director, RIFE  International and international artist, Isshaq Ismail.

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This Week On Miss Malaika Ghana – Spices, Recipes And The CULINARY ARTS!!

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“Cooking is not just about ingredients, recipes, and cooking. It’s about harnessing imagination, empowerment, and creativity.”– Guy Fieri (more…)

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The 2022 Global Citizen Festival Shines the Spotlight on Africa’s, “Always Keeping Girls in School Programme”

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Proctor & Gamble is proud to announce that the company is again partnering with Global Citizen, this time for the 10th anniversary Global Citizen Festival. The event is taking place on Saturday, September 24, 2022, in New York City’s Central Park, and Black Star Square in Accra, Ghana, presented by Harith General Partners.

International stars Angélique Kidjo and Billy Porter will join Metallica, Charlie Puth, Jonas Brothers, MÅNESKIN, Mariah Carey, Mickey Guyton, and Rosalía on stage in New York. With Amber Ruffin, Antoni Porowski, Bill Nye, Chris Redd, Connie Britton, Jay Shetty, Katie Couric, Katie Holmes, Misty Copeland, Rachel Brosnahan, Scott Evans, Tamron Hall, and Van Jones all joining as presenters.
Global Citizen Festival: Accra will feature Usher, Uncle Waffles, SZA, Stormzy, Gyakie, Sarkodie, Stonebwoy, and TEMS. Berla Mundi, Joselyn Dumas, Michaela Coel, Nomzamo Mbatha, and Sabrina Dhowre Elba will be presenting the show. The event will be hosted by award-winning actor, playwright and activist, Danai Gurira.

The spotlight this year will be on Young Women and Girls, and how extreme poverty disproportionately affects them, preventing them from meeting their full potential. During the worldwide live stream, The Global Citizen team will be showcasing the work being done to empower African women and girls.

“It is with great pride that we announce that our, “Always Keeping Girls in School Programme” will be showcased – shares Cassie Jaganyi , Communications Leader for P&G Sub-Sahara Africa. “Through this programme we have been able to donate 50 million pads to over 1 million girls in just 15years! – adds Jaganyi.

The initiative which began in Kenya, is now active in South Africa, Ghana, Nigeria, Zimbabwe, Mozambique, Senegal, Tanzania, Uganda, Kenya, Cote d’ivoire and Ethiopia. The P&G Sub- Sahara team will be taking centre stage at this year’s festival with Cassie Jaganyi and Nombuso Mashele (Always Keeping Girls in School Programme, Project Manager) tasked with sharing the amazing work being done in the region, with the rest of the world. The live presentation will also feature footage from Sekano-Ntoane Secondary School in Soweto, Johannesburg.

P&G executives that will be at Global Citizen Accra, include, Mokutima Ajileye, the Managing Director for P&G Nigeria, and Chioma Ede, P&G’s General Manager, WESA and Cassie Jaganyi, the Communications Leader for P&G Sub-Sahara Africa. Nombuso Mshele, project manager for the Always Keeping Girls in School programme, will share with the audience the social challenges, inequalities and discrimination that girls face in school because of their menstrual cycle. Damon D. Jones, Chief Communication Officer at P&G, will also be on stage (NY), sharing details about the Always Keeping Girls in School programme, and what P&G has done to eradicate menstrual poverty globally.

The 2022 Global Citizen Festival will be broadcast and streamed globally on YouTube, Twitter, Amazon Music, the Amazon Music channel on Twitch, Apple Music, and the Apple TV app. It will also air on Hulu and TimesLive in Africa.

 

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Gold Trading

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Gold has been a valuable resource throughout history and continues to be so today. Many people invest in gold as a way to protect their money, and there is a huge market for gold trading. If you’re interested in learning more about this fascinating topic in this blog post, we will discuss the basics of gold trading and how you can get involved in the market yourself.

Gold Trading Basics

Gold trading is the act of exchanging gold for US currency.  Because of its unique position within the world’s economic and political systems, the gold market provides excellent liquidity and opportunities to make money in nearly all environments.

Some people prefer to invest in physical metal, while others choose to speculate through futures, equity, and options markets. This offers incredible leverage with measured risk. Traders can make a profit when gold prices are either increasing or decreasing in value. When the market is volatile and moving upwards, traders will buy gold. However, traders will sell their stocks to avoid loss when the market sees a decline and starts moving downwards.

Five key factors you need to know about gold prices

The five key variables that influence gold prices are the first step in investing in gold trading. Understanding what causes their assets to appreciate in value is critical to making a financial investment decision.

Demand for gold

Gold is a popular item to invest in and has been for centuries. The more people demand gold, the higher the prices will be.

The majority of the demand for gold comes from jewelry and inversion. Whether in the form of coins or bars, jewelry accounts for less than 30% of worldwide gold demand, while investment accounts for more than 50%. Industrial usage in technology products accounts for about 7% of consumption, and most of the remainder is attributed to central bank gold purchases.

Supply of gold

The amount of gold available also affects its price. If large amounts are being produced, the price will be lower than if there is a limited supply. However, due to growing difficulty and resource intensity in gold mining, primary gold production is anticipated to level off or even fall in the future. The gold price should continue to rise as demand rises and supply stays the same.

Inflation

When inflation rises, so does the price of gold because it takes more money to buy the same amount of goods and services.

A good way to think about this is that if you have a set amount of money today and want to purchase a gold bar tomorrow, you would need more money if there was inflation in between those two days. The price of gold would have risen along with other prices in the economy.

The value of dollar

The dollar’s value also has an inverse relationship with the price of gold. When the dollar is strong, gold prices are usually low, and when the dollar is weak, gold prices tend to be high.

This is due to the fact that when the dollar is strong, investors can purchase more assets with their currency. This means that they are less likely to want to invest in something like gold, which would require them to sell their dollars first. However, when the dollar is weak, it takes more dollars to purchase other assets. So, investors will often turn to gold as a way to preserve their purchasing power.

Geopolitical factors

In addition to economic indicators, global events such as wars or political instability can also affect gold prices. When investors feel insecure about the future, they often buy gold because it is seen as a secure investment. This increased demand drives up the price of gold.

Now that you understand what affects gold prices, you can start to make informed decisions about investing in this precious metal. Gold trading can be profitable in nearly all market environments if you understand how these five factors influence price movements. However, gold trading is an extensive topic that needs a lot of study and research,  so make sure you educate yourself before diving into the market.

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Top 5 business trends you should consider

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  1. Video content

Digitization of the business industry is a real thing. Online shopping, online marketing, and almost everything becomes online as years pass by. Advertising products of video platforms are boosting sales according to popular brands. TikTok –  the most popular video platform is growing every year, which makes it a great place for online marketing. If you are going to start your business, that’s how you can get followers for tiktok.

  1. Online events: hybrid strategy

Online events allow individuals to participate in meetings, virtual fairs, conferences… The goal is to interact with their audience while building loyalty through regular meetings at fixed times. The Internet user has the choice to register or join the live whenever he wants, without leaving his home.

This marketing trend is part of the innovation of corporate communication strategies and should see good results in 2022.

  1. Regular & ephemeral posts on social networks

Social networks are essential when you know that 54% of people around the world use them for several hours a day. For an effective content strategy , the combination of ephemeral posts and permanent posts is the winning method. It makes it possible to maintain a visible content and to engage its notoriety in the long term.

  1. Mobile User Experience

Impossible to miss the mobile user experience since almost all Internet users do research mainly on their phone or tablet ( 92% of Internet users to be precise). UX design and web design are as important for mobiles as they are for websites.

  1. Augmented virtual reality for experiential marketing

The virtual has entered our homes for a few years now and continues to improve to look more and more like reality. Some brands do not hesitate to devote a significant budget to their digital communication , by broadcasting images of very high technological quality or 360° videos. This allows the Internet user to be immersed in the heart of the company’s brand image by captivating him with hybrid and impactful media.

You can, for example, visit apartments in 3D, leaf through online catalogs of furniture manufacturers as if you were there, and even smell the flavors of your favorite treats virtually!

 

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Tune In To The 10th Anniversary Global Citizen Festival On Saturday, 24 September Live from Accra and New York

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The 2022 Global Citizen Festival returns for its 10th anniversary edition on Saturday, 24 September 2022 to call on world leaders and major corporations to take urgent action for girls, for the planet, and to end extreme poverty NOW.

With two stages in international cultural capitals, the 2022 Global Citizen Festival will be broadcast globally from Black Star Square in Accra, Ghana, presented by Harith General Partners and from New York City’s Central Park, presented by Citi and Cisco.

To watch the 2022 Global Citizen Festival, tune in to the following channels:

  • GHANA

Saturday, 24 September at 8.00pm GMT

  • TV3,
  • Onua TV,
  • Joy Prime
  • Joy FM

Saturday, 24 September at 9.30pm GMT

  • GHOne TV,
  • StarrFM 103.5,
  • SOUTH AFRICA

Tuesday, September 27th @ 7pm SAST

Ster-Kinekor Cinemas. Screenings will take place at the following locations:

  • Gauteng – The Zone
  • Pretoria – Sterland Mall
  • Cape Town – Blue Route Mall
  • KZN– Gateway Theater of Shopping

Wednesday, September 28th on TimesLive.

  • FRANCOPHONE AFRICA: Canal+ Pop on Sunday, 25 September at 8:30pm WAT.

  • GLOBAL: ABC News Live, Amazon Music, Apple Music & the Apple TV app, Hulu, iHeartRadio app, Twitter, Twitch, Veeps, YouTube, and the Global Citizen app on Saturday, September 24 at 4:00pm ET.

Global Citizen Festival: Accra will feature performances by Usher, SZA, Stormzy, Gyakie, Sarkodie, Stonebwoy, TEMS, and Uncle Waffles, and be hosted by award-winning actor, playwright and activist Danai Gurira. Presenters will include Berla Mundi, Joselyn Dumas, Michaela Coel, Nomzamo Mbatha, and Sabrina Dhowre Elba.

Global Citizen Festival: NYC will feature performances by Metallica, Charlie Puth, Jonas Brothers, MÅNESKIN, Mariah Carey, Mickey Guyton, and Rosalía with special guest performances by Angélique Kidjo and Billy Porter, and be hosted by actor, producer, author, and Global Citizen Ambassador Priyanka Chopra Jonas. Presenters will include Amber Ruffin, Antoni Porowski, Bill Nye, Chris Redd, Connie Britton, Folake Olowofoyeku, Jay Shetty, Katie Couric, Katie Holmes, Misty Copeland, Rachel Brosnahan, Scott Evans, Sofia Carson, Tamron Hall, and Van Jones.

Hosted by international advocacy organization Global Citizen, the nine-hour global event is calling on world leaders gathering at the United Nations General Assembly, as well as major corporations and philanthropic foundations, to End Extreme Poverty NOW and invest $600 million into the future of women and girls; close the annual $10 billion climate financing shortfall; deliver $500 million to help African farmers respond to the global food crisis; and reallocate IMF Special Drawing Rights to provide urgent relief from debts unjustly crushing economies. Global Citizen explicitly acknowledges that sustainable change is only possible with the people and activists who advocate for change on the ground, who should never have to risk their lives because of doing so.

The 2022 Global Citizen Festival will broadcast and stream worldwide on YouTube, Twitter, Amazon Music, the Amazon Music channel on Twitch, Apple Music, and the Apple TV app. Global Citizen Festival will also air on ABC, ABC News Live, iHeartRadio, Hulu, FX and Veeps in the United States, Albavision in Latin America, Canal+ in Africa, Bis in Brazil, Nine Network (9Now) in Australia, TimesLive in Africa and more. The red carpet pre-show will stream live on Global Citizen’s TikTok from 4:00pm ET.

Tickets to attend the festivals in Accra, Ghana and New York City can be earned by downloading the Global Citizen app or visiting www.globalcitizen.org to take action on the campaign’s issues. For each action taken, users earn points that can be redeemed for tickets to the festivals.

The 2022 Global Citizen Festival and the End Extreme Poverty NOW campaign are supported by a coalition of the world’s leading brands and companies including: Global Partners, Accenture, Cisco, Citi, Delta Air Lines, Harith General Partners, P&G, Verizon, and YouTube. World Wide Technology, Campaign Partner for Global Citizen Festival: NYC, Live Nation, and Tshepo Mahloele, Founder & Executive, of Harith General Partners, is Patron of Global Citizen’s work in Africa.

Co-chairs of Global Citizen and of this campaign include: Julie Sweet, Chair and CEO of Accenture; Chuck Robbins, Chair and CEO of Cisco; Jane Fraser, CEO of Citi; Ed Bastian, CEO of Delta Air Lines; Lorraine Twohill, CMO of Google; Marc Pritchard, CBO of P&G; and Hans Vestberg, Chairman and CEO of Verizon. Global Citizen’s co-chairs are private sector leaders making commitments in support of the UN’s Global Goals. They support Global Citizen’s campaigns while helping to drive deeper engagement within the private sector.

For more information about the 2022 Global Citizen Festival, visit www.globalcitizen.org, and follow @glblctzn on Instagram, TikTok, Twitter, and YouTube.

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