Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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Nigeria Second Arm Of Government Leader Asked For Cryptocurrency Legal Framework

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Femi Gbajabiamila
Speaker of the Nigeria House of Representatives Femi Gbajabiamila called for a substantive legal framework for cryptocurrencies in the country. The Daily post news on 23rd of July 2019 stated that the speaker wants Nigeria to develop clear regulations for digital assets so that the country does not get left behind as cryptocurrencies become more widely adopted.

Gbejabiamila said in his speech at a visit by the board of the Nigeria Deposit Insurance Corporation (NDIC). He stated he strongly believes that the whole blockchain technology is on the right path and coming out strong.

According to him, the world is now treating the issue of blockchain and crypto with the kind of seriousness it deserves. He doesn't want Nigeria to be left behind and should, therefore, take it more seriously.

He noted the House's readiness to develop relevant legal frameworks for the emerging technology and asset class.

The Role Of The NDIC

The speaker stated that they have been trying to come up with a separate and well-defined competency between the body and the central bank of Nigeria.
The main role of this body is to offer an insurance safety net for the depositor in the banking sector of the country.

Earlier this year, Nigeria's financial watchdog agency, the Economic and Financial Crimes Commission (EFCC), received a petition alleging that a foreign-based crypto firm Paxful Inc. defrauded thousands of Nigerian investors out of millions of dollars worth of cryptocurrencies through arbitrary account closures

Paxful subsequently denied the allegations, claiming that, "all accounts that have been shut down have a reason for it. We will not shut down any account unless they violate our TOS (Terms of Service)"


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