Tuesday, June 30

Business

Blackout across Nigeria as national grid collapses

Nigerians were on Tuesday morning thrown into darkness due to the collapse of the national electricity grid. This is the second time in less than five days that Nigeria’s national grid has suffered a disturbance resulting in a nationwide power…

US ‘Crypto Capital’ Claim Meets Developer Pushback

The White House praised President Donald Trump for making the United States the “crypto capital of the world,” and cast the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act as the catalyst in making the country the “global…

Bitcoin EMA Bear Cross Brings 2022 Comparisons

Bitcoin saw two long-term moving averages cross over for the first time since April 2022 in a fresh BTC price bear market warning.Bitcoin (BTC) bear market comparisons are growing as the weekly BTC price chart repeats April 2022.Key points:Two long-term…

Blackout across Nigeria as national grid collapses again

Nigerians were on Tuesday morning thrown into darkness due to the collapse of the national electricity grid. This is the second time in less than five days that Nigeria’s national grid has suffered a disturbance resulting in a nationwide power…

SEC Task Force Posts Response Backing Ripple on Passive Interest

A response posted to the US Securities and Exchange Commission’s Crypto Task Force page echoed concerns raised by Ripple that speculation alone should not automatically subject cryptocurrencies to federal securities laws, as lawmakers continue debating the CLARITY Act.The response, written…

CBN upgrades FinTech licences as digital lenders outgrow regulation

The Central Bank of Nigeria has upgraded the licences of selected financial technology companies and microfinance banks with nationwide operations, signalling a regulatory push to bring fast-growing digital lenders into closer alignment with their actual scale. The bank’s director of…

KuCoin Taps Ex-LSEG Sabina Liu to Lead MiCA-Era EU Push

KuCoin has appointed former London Stock Exchange Group (LSEG) executive Sabina Liu to lead its European business, tasking her with steering the exchange’s Markets in Crypto Assets Regulation (MiCA) expansion from Vienna after securing a crypto asset service provider license…

Dangote refinery increases petrol gantry price

The Dangote Petroleum Refinery & Petrochemicals has increased the gantry price of petrol from N699 per litre to N799 per litre. The refinery announced the adjustment in a statement issued on Monday, adding that MRS filling stations will now sell…

South Korea Central Bank Warns Stablecoins Could Complicate FX Controls

South Korea’s central bank chief warned that Korean won-denominated stablecoins could complicate capital flow management, adding a note of caution to an ongoing debate among lawmakers over whether and how domestic stablecoins should be issued, according to local reports.Speaking at…

Sen. Marshall To Cut Card Fees Ask From Crypto Bill: Report

Republican Senator Roger Marshall has reportedly agreed to hold back on pushing an amendment aimed at credit card swipe fees when the Senate Agriculture Committee marks up a major crypto bill next week. Marshall filed an amendment to the committee’s version…

Court Orders .3M Penalty Against BPS Financial Over Qoin Product

Australia’s financial watchdog secured a court victory against financial services company BPS Financial Pty Ltd (BPS), with the Federal Court ordering the company to pay 14 million Australian dollars ($9.3 million) in penalties over the promotion and operation of its…

Clawdbot AI Flaw Exposes API Keys And Private User Data

Cybersecurity researchers have raised red flags about a new artificial intelligence personal assistant called Clawdbot, warning it could inadvertently expose personal data and API keys to the public. On Tuesday, Blockchain security firm SlowMist said a Clawdbot “gateway exposure” has been…

Polymarket Partners With Major US Soccer League

Polymarket has inked a multi-year deal with Major League Soccer, the top-level soccer league in the US, to be the exclusive prediction market partner for the league and its main tournament, the Leagues Cup.The MLS and Polymarket said on Monday…

Bitcoin Mining Slows in US During Winter Storm

Bitcoin network hashrate hit a seven-month low over the weekend as a massive winter storm bombarded the United States with snow and ice, pushing miners to curtail operations to stabilize the energy grid.American weather forecasting company AccuWeather reported on Monday…

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