Author: News Room

The CFTC is considering its first regulation for prediction markets, as arrests over “insider trading” on everything from military operations to Google Search data continue to stack up. As CoinDesk reports, a notice of proposed rulemaking says “the proposal would establish a structured framework for evaluating whether such contracts involve an activity enumerated in Section 5c(c)(5)(C) of the Commodity Exchange Act —activity that involves terrorism, assassination, war, gaming, or conduct that is unlawful under federal or state law—and, if so, whether that contract is contrary to the public interest.”Separately, Kalshi announced on Wednesday that it’s introducing new market integrity measures…

Key takeaways:Record-low Bitcoin mining margins and rising demand for AI infrastructure incentivize miners to reduce their BTC positions.Institutional spot Bitcoin flows vastly surpass miner output, making macro trends more vital than miner profits alone.Bitcoin’s price slide to $62,000 was paired with weak on-chain activity and declining BTC miner revenues, which have fallen to an all-time low. This revenue drop is fueling investor anxiety over potential sell pressure, especially since miners and mining pools still control over $110 billion in Bitcoin.1 TH/second of hashing power per day returns, USD. Source: Luxor Hashrate IndexThe estimated daily return for 1 terahash per second…

Kyle Busch’s family is continuing to pay tribute to the late driver, and this time, it was his father, Tom Busch’s, turn. Tom, 72, got behind the wheel of his son’s No. 51 Legends Car at Charlotte Motor Speedway on Tuesday, June 9, ahead of the Masters Division of the Summer Shootout. During the pace laps, Tom drove in the front row as the other drivers formed NASCAR’s “missing man” formation behind him. After, they peeled off, leaving Tom to himself for one more lap in his son’s honor. To add a little extra meaning to the touching moment, Kyle’s…

The Gombe State government and the United Nations Children’s Fund (UNICEF) have unveiled a N1 billion intervention aimed at tackling acute malnutrition among children across the state. The intervention, funded through a counterpart arrangement in which both the state government and UNICEF contributed N500 million each, will provide Ready-to-Use Therapeutic Food (RUTF) for the treatment of children suffering from severe acute malnutrition. Speaking during a monitoring exercise of the nutrition commodities, the Executive Secretary of the Gombe State Primary Health Care Development Agency, Abdulrahman Shuaibu, described malnutrition as one of the most serious public health challenges confronting the state. Mr…

The Nigeria Revenue Service (NRS) has officially revealed Rev360, a new digital tax administration platform to ease tax filing and compliance. The central tax agency launched the platform on Wednesday, reaffirming its commitment to boost voluntary tax compliance and provide seamless access to tax services. It will speed up the transition of the country’s tax structure from a manual to a digitised system, with the platform offering an integrated taxpayer-centric Tax Administration 3.0, the NRS noted. The move is a step further in Nigeria’s effort to modernise its tax system, following the government’s adoption of new tax laws in January that aim to…

IMF/World Bank How could the increased liquidity at state and local government levels, and the increasing empowerment of local governments designed to shift financial and political power closer to the people not count in reducing poverty in Nigeria? How could IMF/World Bank reports of more capital spending at the subnational level not count in reducing Multidimensional Poverty (which is fully a measure of how much infrastructure is done closer to the people)? How can the IMF and World Bank continue to judge Nigeria based on a 2022 Multidimensional Poverty Report when consistently our states have built a lot of infrastructure…

Lagos State Governor Babajide Sanwo-Olu has announced that development work on Phase 2 of the Lekki Deep Sea Port will commence soon, a move aimed at strengthening Lagos State’s position as West Africa’s leading maritime and logistics hub. Sanwo-Olu made the announcement at the Invest Lagos Summit 3.0 held on Tuesday where he highlighted the state’s ongoing investments in infrastructure to drive regional trade and economic growth. According to the governor, the rapid growth of the Lekki Deep Sea Port has accelerated plans for its expansion, with the facility already nearing the limits of its installed capacity. “With the African…

Some gunmen have attacked Ora, a boundary community along Osun/Kwara boundary and abducted the Vice Chairman of the Ifedayo Local Government Area of Osun State, Mr Debo Farounbi. Farounbi was reportedly abducted in Ora around 10pm on Tuesday, alongside three other people by the gunmen, who shot into the air causing panic among the residents. It was further learnt that the military men and local  volunteers that were stationed in the town put up a strong resistance, forcing the perpetrators to abandon three of those abducted. They reportedly went away with Farounbi after a heavy gunfight. Some residents, who spoke…

The Social Democratic Party faction loyal to its National Chairman, Shehu Gabam, has distanced itself from a lawsuit challenging the Independent National Electoral Commission’s timetable, describing it as unauthorised and not approved by the party’s leadership. In a statement on Wednesday in Abuja, the party said the case was instituted without its knowledge or approval and was filed by its former National Secretary, Dr Olu Agunloye. The faction said Agunloye lacked the authority to initiate legal action on behalf of the party, insisting that the suit did not reflect the position of any of its constitutionally recognised organs. According to…

Everton have been ordered to pay Burnley more than £35 million ($47 million)in compensation after they were sued over Premier League profitability and sustainability breaches from the 2021/22 season when the Clarets were relegated. The Toffees were deducted 10 points in late 2023 for financial misdemeanours, a punishment reduced to six points on appeal a few months later, under former owner Farhad Moshiri. Everton finished four points above 18th-placed Burnley in 2021/22. Burnley, however, successfully argued that had the six-point penalty for PSR breaches been applied that season they would have survived at Everton’s expense. Burnley But furious Toffees chiefs…