Monday, June 29

Business

Tether Freezes 4M in Crypto Tied to Turkish Illegal Betting Probe

Tether has frozen more than half a billion dollars in cryptocurrency at the request of Turkish authorities, blocking funds tied to an alleged illegal online betting and money-laundering operation.Last week, prosecutors in Istanbul announced the seizure of approximately €460 million…

Bitcoin Caught Between CME Gaps and New Macro Lows: Analysis

Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next.Key points:Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come.Analysis says that the rebound into the weekend was…

Bitcoin May Need Two Years to Flip ,500 Back to Support

Bitcoin (BTC) liquidated billions of dollars going into Friday as BTC price action set bearish records.Key points:Bitcoin liquidates $2.6 billion as it sees its first red $10,000 daily candle ever.BTC price action dives further in percentage terms than on any…

Vietnam Draft Rules Propose 0.1% Tax on Crypto Transfers

Vietnam is preparing to introduce a tax framework for cryptocurrency transactions that would align digital assets with securities trading, according to a draft policy circulated by the Ministry of Finance.Under the proposal, individuals transferring crypto assets through licensed service providers…

Erebor Secures First New US Bank Charter of Trump’s Second Term

The United States has approved a newly created national bank for the first time during President Donald Trump’s second term, granting a charter to crypto-friendly startup Erebor Bank.The Office of the Comptroller of the Currency (OCC) confirmed the approval on…

Google Search Volume For ‘Bitcoin’ Surges Amid K Plunge

Google search volume for the term “Bitcoin” surged over the past week as the asset’s price briefly fell to the $60,000 level for the first time since October 2024.Google Trends provisional data shows worldwide searches for “Bitcoin” reached a score…

Global firms, banks vie for Quest Awards

The world’s attention will later this year turn to London as the Quest Global Advancement Merits Award 2025 brings together leading organisations and institutions recognised for excellence, leadership, and impact. A statement from the organisers on Wednesday stated that the…

Bitcoin Traders Say K is Key as Dip-Buyers Help BTC Rebound 11%

Bitcoin (BTC) rebounded above $65,000 on Friday, up 11% from 15-month lows below $60,000, as focus shifted to institutional dip buyers.Key takeaways:Bitcoin finally sees investors who are willing to “buy the dip” as prices dropped to sub-$60,000 levels.Traders have shifted…

DisCos blame gas shortages for worsening outages

Electricity distribution companies have blamed persistent power outages across their networks on a sharp drop in gas supply to power plants, warning customers to brace for intermittent electricity supply until the situation improves. Lately, Nigerians have been complaining of low…

Trend Research Dumps Over 400K as Liquidation Risk Rises

Ethereum investment vehicle Trend Research continued to reduce its Ether exposure, as the latest market crash pushed the treasury company to sell off its assets to pay back loans. It held about 651,170 Ether (ETH) in the form of Aave…

Ecobank profit jumps 29% to N950bn

Ecobank Transnational Incorporated has reported a 29 per cent rise in profit after tax to N950.0bn for the financial year ended December 31, 2025, driven by growth in interest income and non-interest revenue. This was indicated in the Condensed Consolidated…

FG issues deadlines to Chinese road contractors

The Federal Government has issued a series of stern warnings and deadlines to China Harbour Engineering Company and its sister firm, China Harbour Operation and Maintenance Company, over alleged substandard work, slow mobilisation, and environmental hazards on key federal road…

Bitcoin Core Maintainer Gloria Zhao Quits After Six Years

Bitcoin Core developer Gloria Zhao has stepped down as a maintainer and revoked her Pretty Good Privacy (PGP) signing key, ending about six years as one of the project’s gatekeepers. On Thursday, Zhao submitted her last pull request to the Bitcoin…

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