Author: News Room

Domestic-currency stablecoins intended to curb reliance on dollar-backed tokens could instead make it easier for users to move funds into digital dollars, according to a senior International Monetary Fund (IMF) official.On Friday, IMF First Deputy Managing Director Dan Katz said that once local and dollar stablecoins operate on the same blockchain infrastructure, users can convert between them through decentralized exchanges, liquidity pools or peer-to-peer swaps. In a speech at the University of Cape Town, Katz said the shift could move foreign exchange activity away from banks and currency dealers, reducing the friction that gives authorities tools to monitor and manage capital…

While My Life With the Walter Boys hasn’t shied away from major characters facing life-altering events, Ashby Gentry isn’t too concerned about Alex’s fate in the future. Warning: Spoilers below for season 3 of My Life With the Walter Boys. “Alex is actually indestructible, so I’m not super worried. Even if something did happen to him, he would emerge from it pristine, like a newborn baby,” Gentry, 27, exclusively quipped to Us ahead of the Thursday, August 6, season 3 premiere on Netflix, before admitting: “Yeah, actually, I get worried sometimes.” Gentry, who doesn’t partake in the bronc riding on…

The Kabiru Turaki-led faction of the Peoples Democratic Party (PDP) has raised m concerns over what it described as mounting threats to Nigeria’s multi-party democracy. The faction raised the concerns during a meeting with officials of the United Kingdom High Commission, where it accused the federal government of weakening democratic institutions and stifling opposition politics. The meeting, held between the UK High Commission delegation and the PDP’s interim leadership led by former Minister of Special Duties Kabiru Turaki (SAN), focused on the state of Nigeria’s democracy, the role of the opposition and the country’s political outlook ahead of the 2026…

FIFA President, Gianni Infantino [PHOTO CREDIT: Skysports] In reality, the Infantino gang tried to commercialise the soul of football, a unifying force of humanity. He had dangled a $40 million award to every association that voted for his plans, promising that an advance $30 million would be made available to each of the federations by 1 January, 2027. Gianni Infantino, the Federation Internationale de Football Association (FIFA) President who stole into office a decade ago on the back of a coup against Sepp Blatter, may be on his way out. He has become like an orphan caught with his hand…

An appeals court on Friday upheld an order halting work on Donald Trump’s prized White House ballroom, enraging the US leader and setting up another Supreme Court battle over the limits of presidential authority. The US Court of Appeals for the DC Circuit, which had allowed construction to continue while it considered the case, agreed with a lower court that such a massive White House overhaul required the explicit consent of Congress. It stayed its own decision for two weeks to give Trump time to ask the Supreme Court to intervene. The Republican president lashed out after the 2-1 ruling,…

Spencer Pratt detailed his recent meeting with President Donald Trump following his loss in the Los Angeles mayoral race. “Working with the President on a 25% FEDERAL film tax credit to bring back Hollywood,” the Hills alum, 42, wrote via Instagram on Friday, August 7. “While Gavin Newsom’s commissioner is actively outsourcing production jobs to Hungary, and his rogue AG is trying to destroy CA production companies, the adults in the room are actually trying to repatriate the most quintessential American industry.” Pratt’s post included a photo of him and the president, 80, during their meeting at Trump’s golf club…

Two farmers have been abducted at the Parubber community in the Ile-Oluji/Okeigbo Local Council Area of Ondo State while working at their farm on Friday. The armed attackers reportedly emerged from nearby bushes and overpowered their victims before forcefully taking them away. An eyewitness, Yemi Omowale, who narrowly escaped the attack, said one of the kidnappers, who was masked and was carrying an AK-47 rifle, accosted one of the victims, Adetan Gbemi. “Because we were not standing together, I saw him first. The attacker was masked and carrying an AK-47. Before I could raise an alarm, he had already moved…

My first encounter was aboard an Ethiopian Airlines flight from Washington Dulles to Addis Ababa. I’m still not sure why I chose it. Perhaps I reached for something that looked vaguely familiar. Or perhaps I was momentarily distracted by the flight attendant, a Tigrayan beauty, the sort that once turned a high-profile Nigerian politician to moonlight as a masseur at 35,000 feet. Whatever the reason, I cannot, in good conscience, blame my dislike for it on the taste alone. As a Nigerian, I understand better than most that food is often an acquired experience. Many of our cherished delicacies would…

After missing the cut-off mark to study Law, Christabel Ikegwuonu, who embraced International Law and Diplomacy at Babcock University and graduated with a first class, tells TEMITOPE ADETUNJI about her academic journey, becoming the first in her family to achieve a feat You graduated with first-class degree. How does it feel to have reached this milestone? I feel incredibly happy, fulfilled, and humbled. Graduating with a first class in International Law and Diplomacy means much more to me than an academic achievement. It made me feel seen and reminded me that I am capable of achieving more than I once…

United States court records unsealed on Thursday show that a federal judge backed crypto exchange Bybit’s effort to trace assets stolen in the $1.5 billion North Korea-linked hack by granting the company expedited discovery. According to the records,  Bybit filed the lawsuit under seal on June 18 against North Korea, its Reconnaissance General Bureau, the Lazarus Group and 20 unidentified defendants. The court granted Bybit’s request for expedited discovery on June 19.The discovery authority gives Bybit a practical route to identify alleged intermediaries and pursue a small portion of stolen assets that remains traceable, rather than relying solely on a judgment…