Tuesday, October 13

Business

Kraken Launches Regulated Crypto Perpetual Futures in US

Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange.The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin…

Nigeria’s inflation up 15.93% amid high food prices

Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, extending the upward trend recorded since the beginning of the year, according to the latest data released by the National Bureau of Statistics (NBS). The figure shows an…

BitMine Nears 5% of ETH Supply With B Holdings Despite Bear Market

BitMine Immersion Technologies continued to expand its Ether holdings last week, acquiring more of the second-biggest digital asset despite a prolonged market downturn as its large staking operation continues to generate yield.On Monday, the crypto treasury company reported that it…

Pudgy Penguins Winds Down Pudgy Party After 1M Downloads

Non-fungible token (NFT) project Pudgy Penguins is winding down its mobile game Pudgy Party and halting further development.In an X post, the team said on Saturday that it would shift its gaming resources toward Pudgy World, a browser-based experience which…

2026 budget ambitious but unviable – BudgIT

Civic tech organisation BudgIT has raised concerns about the Nigerian Government’s 2026 budget, calling it “ambitious, but unrealistic” and unviable. The organisation noted in a statement on Monday that, with revenue projected at N36.9 trillion and expenditure at N68.3 trillion,…

CBN orders banks, fintechs to store payment data locally

The Central Bank of Nigeria has directed banks, fintech firms, and other payment service providers to store payment transaction data generated within the country on local servers from January 1, 2027, as part of new measures to strengthen oversight of…

CBN unveils new benchmark rate to boost financial market credibility

The Central Bank of Nigeria on Monday launched the Nigerian Overnight Financing Rate, a new transaction-based benchmark interest rate designed to strengthen transparency, improve monetary policy transmission and deepen the country’s financial markets. Speaking at the launch of the benchmark…

DeFi Could Reach .7T as Tokenization Expands: StanChart

Standard Chartered expects assets locked in decentralized finance (DeFi) to grow 37-fold to $2.7 trillion by the end of 2030.The expansion would be driven by both tokenized real-world assets (RWAs) and crypto-native assets moving through onchain protocols, Geoff Kendrick, head…

Strategy Adds 1,587 Bitcoin Through MSTR Stock Sales

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its cryptocurrency reserves last week as BTC continued to trade below the company’s average cost basis of about $75,700.Strategy acquired 1,587 Bitcoin (BTC) for $100 million between June 8…

Bitbank Warns of Account Suspensions Over Polymarket Use

Bitbank, one of Japan’s largest cryptocurrency exchanges, warned users that transactions linked to prediction market platforms such as Polymarket could result in account suspensions due to potential conflicts with the country’s gambling laws.In a notice published on Monday, Bitbank said…

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