Author: News Room

The US House Ways and Means Committee circulated seven discussion drafts of bills to address digital asset taxation ahead of a Tuesday hearing on the matter, covering stablecoins, staking, mining and transactions.Among proposals in the draft legislation are reducing the tax paperwork required for crypto holders, providing clarity for mining and staking tokens and a potential “de minimis” reporting exception for transactions. The seven discussion draft bills preceded a Tuesday hearing on digital asset taxation in the House committee, chaired by Republican Jason Smith.Crypto industry advocates have been urging US lawmakers to address lessening the reporting burden for taxes on…

Tennis, terror and swordplay – Prime Video has everything you need to have a good time this weekend. The Amazon streamer just added a slew of interesting new titles worthy of a binge-watch, especially if you’re a fan of underrated films that play better on a small screen than a big one. Sports rom-coms are more misses than hits, but then tennis love match Wimbledon, starring Paul Bettany and Kirsten Dunst as unlikely lovers, is a grand-slam winner. The horror comedy The Blackening is equal parts funny and scary, while the Scottish historical epic Rob Roy may inspire you to…

Commissioner of Police in Imo State, Audu Bosso, has charged newly promoted officers in his command to uphold the organisation’s zero tolerance for corruption, extortion, and human rights abuses. Mr Bosso gave the charge on Friday, while decorating the 500 officers in a ceremony held at the command’s headquarters, Owerri. Addressing the personnel, he said that the current security landscape “demanded strategic, intelligence-led policing, rather than brute force.” He emphasised that elevation in the force was not a licence for arrogance, but a call to higher accountability. Mr Bosso said, “Your promotion was in recognition of your dedication, discipline, commitment…

Popular Nigerian businessman, Isaac Fayose, has vowed to return to Nigeria from Australia ahead of the June 20 governorship election in Ekiti State. Fayose, who has been away from the country following the unfortunate death of his wife, said Governor Biodun Oyebanji’s time is up. In a video posted on his Facebook page on Friday, Fayose claimed that the people of Ekiti would vote out the ruling All Progressives Congress (APC) in the coming election. He said, “I’m coming home for this election. I am leaving Australia this weekend, and I will be in Ekiti before the election. “I have been hearing your noise,…

Edo South Nigeria Democratic Congress, NDC, Senatorial aspirant, Ehiozuwa Agbonayinma, has alleged that the just concluded party’s primary election was massively rigged. Speaking during an interview on Arise Television on Friday, Agbonayinma said he won the primaries despite the rigging, and asked for the announcement of the result. Recall that the NDC is yet to announce the result of her primary election which was held last week. Agbonayinma said, “I won Edo South NDC primaries despite the process being rigged. I won the election honourably, with a large turnout, and ward chairmen, local government chairmen, and other party leaders all affirmed…

Following worsening security challenges leading to the destruction of property and killings by armed militia, the Karim-Lamido Local Government Area of Taraba State has imposed a 24-hour curfew. A statement by the chairperson of the LGA, Mrs Virginia Baba Bambur, said the decision had become necessary due to the worsening violence, continued attacks, and loss of lives and property, adding that the militias had carried out several attacks on Wurkum communities around Didango, Mutum Daya Kodai, Gurum and other neighbouring settlements, leaving several people dead and forcing many residents to flee. The statement said fresh attacks were launched on Thursday and Friday, further…

Manchester City legend, Yaya Toure, has agreed terms to become the new head coach of Slovan Bratislava. Sky Sports reports that Toure will bring former Celtic and Swansea coach Darren O’Dea to Slovakia as his assistant. The former Barcelona midfielder was previously the assistant coach of Saudi Arabia. The Ivorian won three Premier League titles during his playing days at Manchester City. The 43-year-old also won the Champions League and two La Liga titles during his time at Barcelona. He also had coaching experience with English Premier League side Tottenham Hotspur in the past.

The US CDC on Friday urged strong public health interventions against the current Ebola outbreak, citing their models that show it could otherwise rival the scale of the 2014 West Africa outbreak. That eruption of the virus resulted in more than 28,000 cases and more than 11,000 deaths. “That scale is possible,” said Jason Asher, director of CDC’s Center for Forecasting and Outbreak Analytics, during a press briefing. The US projections from the Centers for Disease Control and Prevention were part of Morbidity and Mortality Weekly Report documents published Friday. The worst outcomes could be avoided if “a larger proportion…

One person has lost his life while another sustained serious injury in separate incidents involving a truck accident and a building collapse in different parts of Lagos State. The spokesperson for the Lagos State Emergency Management Agency, Olawale Afolabi, disclosed this in a statement on Friday. Afolabi stated that one person died in a partial building collapse at Lekki Phase 1 on Friday, while three people were rescued alive after a truck crashed into a Sports Utility Vehicle along Old Abeokuta Road, inward Abattoir on Thursday night. According to him, the truck accident occurred at about 10:40 p.m. on Thursday…

Clubs whose players go to the World Cup, or appeared in qualifying, will receive increased compensation this summer, FIFA, the governing body of world football, announced on Friday. FIFA said it had increased the amount of money in its Club Benefits Programme to $355 million (306m euros). It had already announced last September that it planned this increase of 70 percent from the amount distributed for the 2022 World Cup in Qatar. While FIFA does not give total revenue figures for the World Cup, it estimates that its total revenue this year will be 56 percent up on 2022, and…