Tuesday, June 30

Business

Germany Leads MiCA Crypto Licensing Race Across Europe

Update 2:00 pm UTC, June 29: Added comment from Germany’s Federal Financial Supervisory Authority (BaFin).The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is producing uneven crypto licensing across member states and European Economic Area…

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Otedola’s shareholding in First HoldCo rises to 18%

Femi Otedola, the Chairperson of First HoldCo Plc, has raised his stake in the financial services group to 18.1 per cent, according its unaudited financial report for 2025 released on Friday. The billionaire tycoon’s direct shareholding in the entity stood…

Ethereum Risks Another Crash to ,100: Here’s Why

Ether (ETH) could see another sharp drop after losing the support level at $2,800, with technical charts and onchain data suggesting the downtrend will continue. Key takeaways:Ether’s descending and symmetrical triangle setups converge at $2,100.Ether is at levels that have…

Ikere Gorge dam concession to create 10,000 jobs – FG

The Federal Government has announced that the concession of the Ikere hydropower plant in Iseyin Local Government Area of Oyo State will generate over 10,000 direct and indirect jobs, while boosting power supply by six megawatts to the state and…

‘Better Opportunity to Buy’ BTC Than 2017

Bitcoin (BTC) fell to a record low versus gold (XAU) in January, making it a better buying opportunity than what preceded the 2015–2017 bull market, analysts say.Key takeaways:BTC vs gold hit a record low, a level that has lined up…

Bitcoin Loses Ground in Global Asset Rankings After Violent Selloff

Bitcoin’s sharp reversal this week has pushed it outside the world’s 10 largest assets by market capitalization, underscoring how difficult price action has been in recent months as markets continue to digest the cryptocurrency industry’s largest forced liquidation on record.Hovering…

Active Solana Addresses Spike, More Merchants Take Bitcoin

Activity on major altcoin networks, namely Solana and Ethereum, saw major milestones in January. Daily active addresses on Solana consistently topped 5 million in the second half of the month.Ethereum overtook major layer 2s in December in terms of daily…

US Treasury Sanctions Iran-Linked Crypto Exchanges for First Time

The United States Treasury has sanctioned two cryptocurrency exchanges linked to Iran’s financial system, marking the first time Washington has directly targeted digital asset platforms as part of its Iran sanctions program. In a statement on Friday, the Treasury Department’s…

Bitcoin And Ether ETFs Post .82B Outflows Across Trading Week

Investors pulled around $1.82 billion from US-based spot Bitcoin and Ether exchange-traded funds (ETFs) over the past five trading days, as market sentiment continued to weaken after the precious metals rally.Between Monday and Friday, US-based spot Bitcoin (BTC) ETFs lost…

Why Proof-of-Reserves Isn’t Enough to Trust Crypto Exchanges

What is proof-of-reserves? At its core, proof-of-reserves is a public demonstration that a custodian holds the assets it claims to hold on behalf of users, typically using cryptographic methods and onchain transparency.If every crypto exchange can publish a proof-of-reserves (PoR)…

Okomu Oil’s annual profit leaps 64% to N198 billion

Okomu Oil Palm Company recorded a 63.6 per cent improvement in net profit last year, compared to 2024, helped by a surge in domestic sales, according to its latest unaudited earnings report issued on Friday. Revenue for the agro-processing company,…

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