Sunday, June 28

Business

Firm revamps smokey jollof recipe

Chicken Republic says it has unveiled an improved Smokey Jollof recipe as part of efforts to enhance customer satisfaction and reinforce its commitment to menu innovation. The company said the refreshed recipe, now available at…

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A16z Raises .2B for New Crypto Fund

The crypto-focused arm of venture capital firm Andreessen Horowitz has raised $2.2 billion for its fifth fund dedicated to backing crypto projects.In a blog post on Tuesday, a16z Crypto said its latest fund, Crypto Fund 5, would back founders “turning…

Dangote refinery hikes petrol price to ₦1,350

Dangote Refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor Spirit to N1,350 per litre. The latest adjustment, confirmed on Wednesday by a senior official of Dangote Refinery and pricing platform Petroleumprice.ng, represents a N75…

Iggy Azalea Hit With Lawsuit Over Memecoin

Rapper Iggy Azalea is facing a class-action lawsuit in the US, accusing her of misleading investors about the real-world utility and future development of her Solana-based memecoin Mother Iggy (MOTHER).The complaint filed by plaintiff Kenneth Kolbrak in a Manhattan federal…

Kelp Migrating rsETH to Chainlink, Blames LayerZero

DeFi protocol Kelp DAO said it will be migrating its restaking token, rsETH, to the Chainlink oracle platform after the $292 million exploit in April, as it continued to blame the attack on LayerZero’s cross-chain infrastructure.Hackers stole 116,500 Kelp DAO…

Saylor says Strategy may Sell Bitcoin to Inoculate Market

Strategy executive chairman Michael Saylor said his firm could sell Bitcoin to “inoculate” the market against sudden panic or to reinforce confidence in the company, in contrast to its long-standing “never sell” Bitcoin strategy.“We’ll probably sell some Bitcoin to fund…

Bitcoin Rallies Higher Even As Derivatives Lack Conviction

Key takeaways:While Bitcoin onchain activity and derivatives show a lack of participation from traders, record spot ETF inflows point to strong institutional demand.The absence of leveraged longs may actually fuel further upside as sellers are forced to buy back if…

Forward Industries, RockawayX Invest in OnRe Reinsurance

Forward Industries and crypto investment company RockawayX have co-led a strategic investment in OnRe, a startup building reinsurance infrastructure on the Solana blockchain, in a move aimed at bringing traditional risk-transfer markets onto decentralized rails.The companies said Tuesday they co-led…

Crypto PAC spends 0K in support of Indiana candidate ahead of primary

Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana.According to a Saturday filing with the US Federal Election Commission (FEC), the Defend…

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