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What is a Bitcoin exchange?

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These digital asset exchanges are the most popular for acquiring new BTC due to their user-friendliness and availability. In simpler terms, a Bitcoin exchange is a digital marketplace where traders and buyers can buy and sell this digital money using conventional currency or other altcoins. A Bitcoin exchange is an online platform that acts as an intermediary between buyers and sellers of this virtual money.

The process of acquiring new Bitcoins from a Bitcoin exchange such as Quantum AI follows a few basic steps, which include;

Creating an account on the exchange
Validate your identity by linking your bank account or a credit card and uploading your identification.
Right after you have approved, you can now make your purchase of a new BTC, and this digital money is transferred to your account once the transaction is complete.

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Furthermore, most exchanges lately offer ways to set up recurring purchases, making it easier to set up daily, weekly or yearly investments in manageable denominations. It is a reasonably painless way to grow your Bitcoin holdings. Before investing with crypto exchanges like Quantum AI check did Elon Musk invest in Quantum AI

On the other hand, Bitcoin exchanges are vulnerable to hacks and other security issues. If you leave your Bitcoin on the exchange platform, it is not yours until you withdraw it to a wallet you control. If somebody hacks the crypto exchange or you lose the funds due to mismanagement, you may lose your digital money.

As a result, most of these digital money users deposit their funds via bank transfers into the exchange, purchase their electronic money and then eventually withdraw it to a safe wallet that allows them to hold their private keys.

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Moreover, Bitcoin exchanges are subject to Know Your Customer (KYC) and AML regulations. Therefore, you will be required to submit some of your personal information and documentation as proof of who you are.

Decentralized Exchanges
Decentralized Bitcoin exchanges are digital platforms that operate without a central authority. These exchanges, in return, allow peer-to-peer trading of these electronic currencies without an exchange authority to facilitate the transactions. A decentralized Bitcoin exchange has several, including;

It helps most of these digital money users feel that decentralized exchanges better match the decentralized structures of most digital currencies themselves.
The majority of decentralized exchanges also require less personal information from their members than other types of exchanges
There are few chances or issues of hacks if the users transfer assets directly to other users, therefore, eradicating the need to transfer assets to the exchange.
Moreover, decentralized exchanges may be less susceptible to price manipulation and fraudulent trading activities.

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Decentralized trading exchanges must maintain fundamental user interest in trading volume and liquidity. Furthermore, not all decentralized exchanges have achieved these essential baseline qualities. Users of a decentralized exchange may have less recourse if they are all the victims of fraud than those who use the crypto exchanges with centralized authorities.

Special Considerations When Selecting a Bitcoin Exchange
When considering which exchange they can work with, find out the fees incurred in every transaction. All Bitcoin exchanges have transaction fees applied to each completed buy and sell order carried out within the exchange.

Digital money users should also consider the Bitcoin wallets they will use to store private keys for authorizing transactions and accessing the user’s Bitcoin addresses.

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The Bottom Line
A Bitcoin exchange is a business that enables customers to trade this and other cryptocurrencies for fiat money or other virtual currencies. Today, the world has various crypto exchanges, but almost all serve the same purpose of facilitating crypto trading. Nevertheless, research the platform you use to ensure the safety of your funds and seamless trading.

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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

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Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.

The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.

One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”

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Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.

Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.

A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”

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Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.

The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.

The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.

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NEPZA, FCT agree to create world-class FTZ environment

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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.

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Benue IDPs block highway, demand return to ancestral homes

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Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.

The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.

The protest caused disruption, leaving hundreds of motorists and passengers stranded.

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Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.

“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.

Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.

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Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.

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