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Is USDT a scam coin? Everything you have to know about the oldest stable coin – Tether

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Is USDT a scam coin?

Introduction

Tether is useful for crypto investors because it offers a way to avoid the extreme volatility of other cryptocurrencies. Furthermore, having USDT removes transaction costs and delays that impair trade execution within the crypto market.

What is Tether (USDT)?

Tether is a stable coin pegged to the US dollar, also known by its ticker; USDT. A stablecoin is pegged to a fiat dollar, meaning that it is unaffected by the price of bitcoin and the wild swings of the crypto market.

Stable coin, tether, or USDT is the third biggest cryptocurrency by market capitalization. It’s also the biggest stable coin on the market. But its popularity doesn’t necessarily make it a safe investment. People use stable coins to facilitate cryptocurrency trading, transfer money, and earn interest.

However, the lack of regulation and transparency surrounding these coins, particularly Tether has authorities on edge.

Is Tether a scam coin?

Going back to three starters, central banks are regulated in any way by any country other than the British Virgin Islands. It’s not audited has been fined by financial regulators for financial misconduct, and revealed that its stable coin is mostly not backed by the US dollar tether still trades at about $1 Why? financial scams are unraveled when asset holders demand compensation at the same time, and when the financial institution cannot compensate customers However, such a bank run could be avoided and scams could go on for very long times, or possibly indefinitely.

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Why is Tether possibly a scam?

So why is Tether possibly a scam? Is Tether just a scam to enrich Bitcoin investors? Tether is a controversial cryptocurrency with tokens issued by Tether limited which in turn is controlled by the owners of BitFenix Tether limited formerly falsely claimed that each token was backed by one US dollar but in March 2019 changed the backing to include loans to affiliate companies. The BitFenix exchange was the subject of a lawsuit by the New York Attorney General, but using tethers funds to cover up $850 million in funds missing since mid-2018.

Anyone's seen Tether billions

The investigation found that knife and axe the operator of BitFenix and tether made false statements about the backing of the tether and about the movement of hundreds of millions of dollars between the two companies to cover up the truth about massive losses by BitFenix. 

According to the New York Attorney General tethers claims that its virtual currency was fully backed by US dollars at all times it was aligned with all the buzz around USDT. There is a rising concern about crypto enthusiasts about whether tether is a scam. It has been facing several controversies regarding its authenticity. 

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The controversy began with the price value of USDT fell below one US dollars. Surprisingly though, there was a subsequent fall in the values of other cryptocurrencies as well. Many believed that the claim of the company that says each USDT is backed by equivalent cash is false, and even if it’s backed by USD, it’s still not verified or regulated aptly. This implies that if all USDT holders liquidate their USDT, there won’t be any backing USD left and people will end up losing their equal price value. 

Meanwhile, the United States Attorney’s office recently filed a civil complaint accusing four digital wallets containing more than 9.8 million tether or USDT of being involved in wire fraud, computer fraud and money laundering. The complaint was led by US Attorney Tracy Wilkinson in April 2021, a California resident was swindled out over 200 Bitcoin or BTC by someone pretending to be a Coinbase employee or documents dated. It appears that the unidentified victim shortly after buying some 200 BTC at Coinbase Pro was contacted by Coinbase customer service and alleged representative of the platform until the victim that the amount of the purchase had frozen the victim’s account, and that a transaction limit increase was required to process the funds. 

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Furthermore, the scammer suggested that the victim upgrade to Coinbase prime. Within a few hours. Several smaller transactions were also executed, which resulted in the theft of nearly $11.5 million in digital assets from the victim’s Coinbase account. 

The claim further describes how the digital assets were divided up into smaller transaction pieces and later concentrated in the forest suspect wallets. Experts further believed the recovery of stolen cryptocurrency is an urgent need as one of the biggest issues in the space is stolen digital assets. Hopefully, law enforcement as well as civil litigants will take more actions like this. 

Having said that, he was DTS facing several legal if someone says on the charges of making false claims and money laundering, even after so many controversies USDT Still having large training volume instabilities always the cryptocurrency world is full of uncertainties and the intricacies are still not clear enough for the average user.

Conclusion

 for USDT, we really don’t know if it’s a scam or not, but it has proven very useful for users. For short-term use. It’s providing high stability.

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How to resolve Whatsapp traffic – 100% working methods

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How to resolve Whatsapp traffic

Bugs, insufficient storage, and too many contacts can make your WhatsApp to slow down or crash frequently. This comprehensive article will solve the following problems:

  • Freezing Whatsapp
  • Whatsapp not responding
  • hanging/lagging Whatsapp because of too many contacts
  • Whatsapp not installing
  • Slow or lagging Whatsapp
  • Whatsapp crashing

In this article, we are going to discuss lagging Whatsapp, factors that cause lagging Whatsapp and also put out possible solutions.

What causes lagging Whatsapp?

There are so many things that causes lagging Whatsapp, we are going to discuss the main ones below:

  • Too many contacts: Your whatsapp will definitely hang if you have a lot of contacts, this is not usually a RAM problem.
  • Low RAM: If your phone has low RAM, your phone will definitely lag.
  • Unsupported Whatsapp phones.
  • Too many messages

We will discuss the solutions below.

How to resolve lagging or Crashing Whatsapp?

Method 1: Update Phone software

Go to settings, click on “Sytem & update” then click on “Software update”, if your phone isn’t updated it might be causing the lagging Whatsapp issue.

Update Phone software

If manual update is available for your phone, you can click on it and disable the two options there which are; “Auto-download over Wi-fi” and “Update overnight” you have to cancel both options.

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When you disable both even though you are connected to a Wi-fi it won’t get Auto-downloaded, this increases phone efficiency thereby improving your Whatsapp performance.

Method 2: Delete chats frequently

If you are having troubles updating your status you might want to try this method. This is mostly caused by too many contacts.

Go to Whatsapp, click on the the top right three icons, click on “Settings”, click on “Chats”, scroll down and select “Chat history”.

Delete Whatsapp chats frequently

Now, click on “Delete all chats” as indicated in the above image, clicking on “Clear all chats” might not be efficient from my experience because it only delete messages and not contacts you chatted with.

We discussed “How to increase your Whatsapp status” previously, you might want to check out the article.

Method 3: Restart Phone

Your Whatsapp crashing might be due to phone working for a long period of time, you might want to restart your phone and see if that fixes the problem

Restart phone

Also, try to close apps working in the background that are not useful, doing this will greatly improve your whatsapp efficiency.

Method 4: Asking contacts to restrict you from viewing their status

If you are running a Whatsapp TV/Media, You might want to ask your contacts to restrict you from viewing their status, you can use the sample below.

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This is mainly caused by too many contacts, imagine getting status updates every seconds, asking your viewers to restrict you from viewing their status will increase your whatsapp efficiency.

Method 5: Clear Whatsapp Cache & Storage

Go to settings, click on the “Apps” or “Apps & Notifications” feature depending on your phone type.

Search for Whatsapp, click on it, then click on “Storage” or “Storage & Cache” depending on your phone type, click on “Clear cache” as indicated on the image below.

Clear Whatsapp Cache Storage

Clearing your Whatsapp Cache will not only improve your Whatsapp efficiency, it will also stop lagging and crashing Whatsapp.

If clearing Whatsapp Cache doesn’t work, you might want to clear storage. You have to be infomed that clearing your Whatsapp storage will also clear your chats and you will have to activate your Whatsapp account again.

Method 6: Clear unnecessary group messages

Check out groups on your phone that has unecessary chats, click on the group and click on the rhree icons on the top right corner, click on “Clear chats”.

Clear unnecessary group messages

Of course, you have to make sure that these are conversations that are not very important to you because once you clear them there’s no way that you can retrieve them. By the way, archiving the group will not help, you have to clear the chats so that your Whatsapp can load faster.

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Method 7: Upgrade your Phone

If all the above methods didn’t work for you, you might consider upgrading. Whatsapp has considered many phones unsupportive in recent times, upgrading your phone will help you greatly.

“The Android phones list released by WhatsApp includes smartphones from Samsung, LG, ZTE, Huawei, Sony, Alcatel, and others. For Samsung, the Samsung Galaxy Trend Lite, Galaxy Trend II, Galaxy SII, Galaxy S3 mini, Galaxy Xcover 2, Galaxy Core, and Galaxy Ace 2 will lost support by November.” continue reading: https://www.news18.com/news/tech/whatsapp-will-not-work-on-these-smartphones-anymore-full-list-and-what-users-can-do-4388819.html

Check this article for Efficient phones for Whatsapp: Cheapest Phones for Whatsapp – 10 Best Cheap Phones

Conclusion

Thank you for reading this guide, if it really worked for you do not hesitate to state which method worked for you in the comment section below.

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

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Zenora Ponzi scam exposed – Zenora.app Review

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Zenora scam investment exposd

I can’t stop laughing, I just stumbled on this scam platform called Zenora.app, I saw the advert in a group I belong to.

I have explained the following in this article:

  • What is Zenora?
  • Zenora Registration
  • Zenora login
  • Zenora Who.is Domain information
  • Who is the owner of Zenora?
  • Is Zenora legit?
  • Is Zenora scam?

Without wasting much time, let’s get started.

Table of Contents

What is Zenora?

“Zenora is a Decentralized networking platform modeled after the blockchain-based smart contracts that connect people from all over the world and opens the limitless possibilities of the new economic-financial system”.

Zenora scam investment website

“The Zenora Investment is a multi-faceted trading program that rewards Zenora members with up to 30% return on their investment in 15 days. We invest in different income-earning opportunities to generate maximum return for our members.”

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“Zenora is a decentralized platform. No money is stored anywhere. Participants pay directly to each other through the peer network. There is no possibility for anybody running away with the money.”

Are there still people that will fall for this scam? Isn’t it too obvious for a scam? let’s see.

How does Zenora work?

Zenora claims to be Nigeria’s biggest growing networking & investment platform. It claim to be a simple platform as in “Zenora is one of the easiest ways to make legit money online! You can earn from both networking and investments”.

It also claims to be affordable as in “lowest risk for the highest reward! You can earn up to ₦128,000 in 7 days with ₦1,000 only!” and also secure as in “on Zenora, there is no exit scam! No one can run away with your money even if they wanted to.”

Zenora Registration

To register on Zenora, go to Zenora.app and click on Register on the top right corner.

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Zenora Login

You can only access Zenora login when you are already registered as in, you must be a registered member to access Zenora login.

Zentola Matrix system

The Zenora matrix is a user acquisition program that rewards users for their network activities. There are 8 matrix stages on Zenora, and every member starts from M1 and keep upgrading till they reach M7.

MATRIX 1 (24 hours)

  • ₦1,000/fee
  • ₦2,000/reward

MATRIX 2 (24 hours)

  • ₦2,000/fee
  • ₦4,000/reward

MATRIX 3 (24 hours)

  • ₦4,000/fee
  • ₦8,000/reward

MATRIX 4 (24 hours)

  • ₦8,000/fee
  • ₦16,000/reward

MATRIX 5 (24 hours)

  • ₦16,000/fee
  • ₦32,000/reward

MATRIX 6 (24 hours)

  • ₦32,000/fee
  • ₦64,000/reward

MATRIX 7 (24 hours)

  • ₦64,000/fee
  • ₦128,000/reward

Zenora contact details

The owners of Zenora only revealed the platform email which is info@zenora.app.

Who is the owner of Zenora?

There is no information on their website revealing the identities of the scammers behind Zenora, this alone is a huge red flag.

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Conclusion

Zenora.app is a scam. Do not give out your hard-earned money to criminals.

Red flag(s) for Zenora

  • Obvious Ponzi scheme format
  • No active social presence
  • The platform is not transparent enough
  • No physical proof of the company’s address

Green flag(s) for Zenora

  • No green flag available for this scam site

Average Trust score

  • FINANCIAL SECURITY: 1%
  • WEBSITE QUALITY: 15%
  • CUSTOMER SERVICE: 2%
  • SOCIAL STATUS: 1%

Average weighted score: 19%

CURRENT STATE: PARTIALLY PAYING

Is Zenora legit?

Zenora is not a legitimate platform, you have to be very careful with it.

Is Zenora a scam?

Due to the obvious Red flags we’ve exposed in Zenora, we have no option but to conclude that it is a scam, do not invest in it.

Thank you for reading our honest review on Zenora, If you have any questions or comments, you can leave them below in the comment section.

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What they don’t teach you in business schools: Kickstarting your career right

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What they don't teach you in business schools

Introduction

You’ve graduated — now what? Business is such a broad topic that you’re not entirely sure what path to pursue, what’s your ideal job, or if you’re going to be able to live up to society’s expectations. Eventually, you find yourself fine-tuning your CV, applying to several positions, and taking your first interviews.

You get plenty of “nos”, you have emotional ups and downs, you learn to deal with rejection, move on to the next interviews and finally get your first job offer. Now it gets real—how can you maximize your odds of success?

Read: What is financial planning in Business?

Kickstarting your career right

Forget about salary, there are 3 things that really matter in your first 5 working years. Do this right and build the foundation for a successful career.

1. Specialize in a function or a sector, depending on your ambitions. 

Coming out of a business school, it’s fairly easy to fall under the “generalist” umbrella and do a bit of everything. In fact, should you aim to become an entrepreneur, grow your business, and aspire to high management positions, it’s great to be knowledgeable about many things. However, for the common mortal, being a generalist can be a very dangerous trap.

Specializing in the right function will help to increase your market value. Become an expert in a field that has enough market demand and won’t become obsolete any time soon (i.e. not easily automated with technology). Your employer will have more trouble replacing you and other employers will chase you.

It will cost your employer more to find and coach talent for that function than to increase your salary. Keep an eye on other job openings for the same function and level of experience, know your market value, and leverage good personal momentums to negotiate better conditions.

Cross-sector employers whose experts have left will need to find a skilled and experienced workforce to keep up with the quality standards they’re used to. This is particularly true in functions related to critical business processes. They know the cost of finding and coaching talent from scratch and they won’t be shy to offer attractive packages to experienced externals who can bring fresh ideas from other organizations.

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In a nutshell, specializing in a function will enable you to increase your market value and your bargaining power with your existing and external (cross-sector!) employers.

Specializing in a sector can be highly valuable as well. However, this might take longer to be monetized and might not be the best move in the beginning of your career. It depends on your ambitions. Let’s look at the pros and cons.

Pros

If you’re in a business development position this can be extremely fruitful. Why? You will develop a valuable network of contacts from customers, suppliers, partners and colleagues that can help you make different moves within the sector — to competitors, suppliers, or other players within the ecosystem (in the internal market, or even abroad).

If you’re in a marketing position, you will understand very well the market, the personas that buy this type of products and services, what ticks them, how to please them, how to acquire them as customers, retain them, as well as up-and, cross-sell them. This can be very valuable.

If you’re in a strategic position, you will have a very good helicopter view of market trends, challenges, opportunities, barriers, competition, and positioning. You will know what has worked/hasn’t worked when launching new products and services, when tapping into new markets, when creating new departments, teams, etc. You will have many learnings, and a personal view on several topics, and your experience will be highly valued by management teams in the sector – especially if you’ve done this type of work for different companies.

If the sector is not in a good shape, not growing, or even getting obsolete, your experience won’t be as valuable when you decide to move to different sectors. In those cases, it’s useful to be very good at a function.

If you don’t aspire to management positions, it might be a waste of time to become an expert in a given sector, as those positions are usually where you can more easily monetize your experience. Unless you’re very good in a function within a given sector. In that case, particularly if that function is technical, the odds are that your profile is scarce and your salary is high. However, you might be stuck to that company and that function for a long time (depending on your contractual non-compete clauses). It really depends on your ambitions.

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Your network and expertise might become constrained to a given sector, making your decision to move somewhere else more difficult. But that’s the sunk cost trap — don’t fall for that. If your sector is in decline, better move on to healthier sectors, even if that means starting from scratch.

2. Build and nurture a strong network.

Never underestimate the power of a strong network. Why? Networks are valuable sources of knowledge that you can always learn from, their career moves might inspire your future career moves, also they need trustworthy and loyal people to work in their teams (you!).

They might become your future customers, partners, or suppliers, they can connect you with someone you need to connect with. Never take your network for granted.

Know who you can really count on during tough times, don’t take the lack of answers personally, everyone is busy. Be patient and give your network compelling reasons to answer you back.

Give content to your network. Give them good reasons to think about you. Be proactive in contacting them (without asking them for favors but rather providing them with information that might be relevant for them).

Check: 10 Tips to Help You Nurture Your Professional Network

3. Control what you can control.

During the first 5 years, your career path will start to unfold, you will learn a lot on the job, and there will be many uncertainties as well as things you won’t be able to control — a boss you don’t like, a boring project, lazy team mates, unfair lack of promotions, you name it. However, there are 3 things you can control that will massively improve your odds of success in any organization.

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A) How engaged you are

Always be proactive and understand the bigger picture when performing your projects and tasks.

Be curious, ask questions and show interest in company-wide initiatives, the work of your colleagues, the overarching company goals, etc. Offer help to your colleagues and take initiative in leading different projects. Take notes, listen, and contribute timely with your ideas.

B) How open you are

Be approachable, show receptiveness to feedback and give constructive feedback to your peers — pick the right words, know what style to apply to each person, and you shall earn their respect.

Be respectful but straightforward. Say what you’ve got to say. Don’t be just a Yes Man. Challenge the status quo but don’t be just a negative person — bring solutions.

Sharing is caring. Share your learnings, your thoughts, your ideas. Help your peers. Embrace collaboration.

Be open to new challenges, new initiatives, and new lines of thought. Understand that the world is changing and you also need to change with it. Be adaptive, resilient and you shall survive.

C) How educated you are

Seek knowledge 24/7. Learn from your colleagues, your boss, and your company’s leaders.

“Google it,” read newspapers, magazines, and articles. Listen to podcasts. Read books. Write your own notes. Never settle for average.

Share your knowledge with your peers and leverage it to contribute with new ideas in brainstorming sessions and workshops.

Have your business on top of your mind when learning new things. Think creatively — how can those learnings apply to your company? Think outside of the box.

To sum it up, kickstarting a career will rarely be smooth and it’s an ongoing learning process. However, I’ve learned that the above-mentioned 3 points can substantially maximize your odds of success. Keep those in mind and the rest will come naturally.

Specialize in function or a sector.

Build and nurture a strong network.

Control what you can control — be engaged, open, and educated.

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