Tuesday, June 30

Business

Transcorp hotels posts record revenue of N97.04bn

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a historic revenue worth N97.04bn in 2025, which is 38 per cent higher than N70.13bn in the previous year. This was indicated in the audited financial reports of…

Gold Takes the Lead as Dollar Slides, BTC Recast as Companion

Bitcoin (BTC) has long been promoted by its most ardent supporters as a hedge against monetary debasement, but as the US dollar slides to multi-year lows, the market’s clearest flight to safety is emerging elsewhere: in gold.Over the past year,…

DeFi Stays Outside Rules as Regulators Tighten Elsewhere

The European Union’s new crypto tax reporting regime under DAC8 is intentionally focused on enforceable targets, leaving decentralized finance (DeFi) outside its scope for now.Colby Mangels, a former adviser to the Organisation for Economic Co-operation and Development (OECD) and now…

What Role Is Left for Decentralized GPU Networks in AI?

Decentralized GPU networks are pitching themselves as a lower-cost layer for running AI workloads, while training the latest models remains concentrated inside hyperscale data centers.Frontier AI training involves building the largest and most advanced systems, a process that requires thousands…

Trump Picks Kevin Warsh as Next Federal Reserve Chair

US President Donald Trump said Friday he will nominate former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the US central bank, setting the stage for a high-stakes Senate confirmation battle.The decision, announced by Trump on…

FAAN launches electric transit services at Abuja airport

The Federal Airports Authority of Nigeria (FAAN) on Friday launched zero-emission electric transit services at the Nnamdi Azikiwe International Airport, Abuja, as part of efforts to reduce carbon emissions and cut reliance on fossil fuels. The initiative introduces electric vehicles…

Crypto ETFs Shed Over B In Daily Outflows As Market Slides

Cryptocurrency investment products faced heavy outflows on Thursday as the total crypto market capitalization fell about 6%.Bitcoin (BTC) and Ether (ETH) funds recorded nearly $1 billion in outflows, among the largest of the year so far, according to SoSoValue.Spot Bitcoin…

Vitalik Buterin Outlines M Eth Plan for Privacy, Open Hardware

Ethereum co-founder Vitalik Buterin said he has earmarked 16,384 Ether, worth about $45 million, to support privacy-preserving technologies, open hardware and secure, verifiable software systems. In a post on X, Buterin said the funds were withdrawn from his personal holdings and…

Bybit Faces Compliance Hurdles With Neobank Push

Bybit’s push to offer neobank-style services is testing how far crypto exchanges can expand into traditional finance (TradFi), highlighting regulatory hurdles and a growing reliance on licensed banking partners.Bybit CEO Ben Zhou announced the exchange’s push into retail banking on…

DOJ Finalizes 0M Helix Forfeiture in Early Bitcoin Darknet Case

The United States Department of Justice (DOJ) finalized the forfeiture of over $400 million in cryptocurrency and other assets tied to Helix, an early Bitcoin-era darknet mixing service, according to a statement released Thursday. The assets were seized from Larry Harmon,…

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