Fun

News Feed - 2023-09-07 04:09:18

Amaka Nwaokocha1 hour agoNigeria’s Web3 education efforts seek to tackle language challengesBello Usman Abdullahi, the chief operating officer of the blockchain education platform Bitkova Academy, said the language barrier is one of the current major challenges.390 Total views8 Total sharesListen to article 0:00NewsJoin us on social networksWhile Nigeria has a high level of blockchain and crypto awareness, the country still faces issues related to public education in the field. Local experts discussed blockchain education’s challenges in Nigeria at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital.


In the panel titled Web3 Education: Capacity Building, the group discussed the current level of blockchain and Web3 awareness in the country and the challenges that have surfaced on the journey so far.


Bello Usman Abdullahi, the chief operating officer of the blockchain education platform Bitkova Academy, said the language barrier is one of the current major challenges due to the complexity of blockchain technology and its jargon. Nigeria is one of the most linguistically diverse countries in the world, with over 500 languages spoken.The Web3 Education: Capacity Building panel session at SIBAN’s Digital Assets Summit. Source: SIBAN 


However, local blockchain hubs have begun educating individuals unfamiliar with blockchain technology using local Nigerian languages. Abdullahi said it is important to help individuals new to blockchain technology and Web3 understand what Satoshi Nakamoto was trying to achieve with the technology. This is necessary to correct the fear and negativity created in the minds of citizens by the Central Bank of Nigeria (CBN) and the government, he said.


Related:99% of Nigerians are crypto aware — ConsenSys report


In February 2021, the CBN severed connections between local banks and cryptocurrency exchange firms. According to Abdullahi, this act by the government and the CBN slowed the level of blockchain awareness in Nigeria, associating blockchain and crypto with adverse perceptions.


Nigeria has seen better days in terms of crypto interest, with Google Trends data showing the country dropped from the top spot to No. 2 in the world in search interest for Bitcoin (BTC).


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in# Blockchain# Cryptocurrencies# Nigeria# Cryptocurrency Exchange# RegulationAdd reactionAdd reactionRead moreWhat are NFT royalties, and how do they work?ChatGPT-coded smart contracts may be flawed, could ‘fail miserably’ when attacked: CertiKHow to handle crypto trading gains and losses on your balance sheet

News Feed

Meta announces VR education metaverse for ages 13 and up
Tristan Greene7 hours agoMeta announces VR education metaverse for ages 13 and upThe University of Glasgow, Stanford University, and New Mexico State are already using Quest headsets to educate students.2906 Total views3
Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum
Este artículo también está disponible en español. Ethereum is trading at crucial demand levels, facing intense selling pressure and struggling to reclaim the $2,800 mark.
Large Bitcoin Futures Gap Causes Temporary Trading Pause, ETH Open Interest Hits All Time High
Large Bitcoin Futures Gap Causes Temporary Trading Pause, ETH Open Interest Hits All Time High CME Group temporarily paused trading of bitcoin futures after the
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Near $28,000, as First Citizen Agrees to Acquire Silicon Valley Bank
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Near $28,000, as First Citizen Agrees to Acquire Silicon Valley Bank Bitcoin started the week trading around the $28,000 mark
Alameda-Funded Ren Tells Users to ‘Bridge Back to Native Chains’ as It Sunsets 1.0 Platform
Alameda-Funded Ren Tells Users to "Bridge Back to Native Chains" as It Sunsets 1.0 Platform According to the team behind the open protocol Ren, developers are winding down the Ren
HECO Chain exploiter anonymizes $145M of Ether on Tornado Cash in 8 days
Arijit Sarkar13 hours agoHECO Chain exploiter anonymizes $145M of Ether on Tornado Cash in 8 daysIn its largest transaction, the HECO Chain exploiter sent 11,300 ETH worth roughly $39.5 million in one transfer.868 Total
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on th
XRP Breaks Out Of Head-And-Shoulders Pattern — Eyes Move Toward $1.30
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum
Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in cry
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance An International Monetary Fund (IMF) division chief and
SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’
SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer "Possibility of Economic Loss" Disgraced FTX founder Sam Bankman-Fried (SBF) is attem
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing