Friday, October 16

Business

BOA moves to clear pension backlogs for workers

The Managing Director of the Bank of Agriculture, Mr Ayo Sotinrin, has assured pensioners of the bank that he would ensure payment of their pension arrears. The MD expressed confidence that he would facilitate the payment under the Defined Pension…

Otedola acquires N43.4 billion shares in First HoldCo

Femi Otedola, the chair of the financial services group First HoldCo Plc, has purchased new shares valued at N43.4 billion in the banking group, according to a regulatory filing at the Nigerian Exchange on Wednesday. He acquired 549.5 million shares…

Polymarket Records First Drop in Monthly Trading Volume Since August

Monthly trading volume on the Polymarket prediction market fell by about 8.9% in April, the first decline in month-to-month activity since August as rivals like Kalshi increased their market share.Polymarket and its US-based trading application collectively generated more than $10.2…

Should Bitcoin Investors Be Worried?

Key takeaways:A successful Hyperliquid whale opened a $70 million short position, but data suggests this is a technical move.Rising oil prices and Fed liquidity injections could devalue US Treasuries, boosting Bitcoin as a scarce macro asset.Bitcoin below $80,000 as Hyperliquid…

Bitcoin and several major altcoins are at a crucial juncture

Key points:Bitcoin has reached a crucial support, as a break below the $79,000 level may deepen the pullback.Several major altcoins are facing selling pressure, indicating that the bears remain in the game. Bitcoin (BTC) extended its pullback on Wednesday and slipped…

Four-Year Highs In US PPI Data Cost Bitcoin the ,000 Mark

Bitcoin (BTC) fell below $80,000 into Wednesday’s Wall Street open as US inflation data continued to alarm.Key points:Bitcoin price action sees fresh downside pressure thanks to US PPI inflation reaching its highest since 2022.Odds of further financial tightening by the…

Paybis Secures MiCA and Payment Licenses in Latvia in Stablecoin Play

Cryptocurrency platform Paybis has received two licences from Latvia’s central bank, including one for crypto-asset services under the European Union’s Markets in Crypto-Assets Regulation (MiCA) and another for payment institution operations under Payment Services Directive 2 (PSD2).The licences were issued…

NITDA, IDCA partner to transform Nigeria’s digital economy

The National Information Technology Development Agency (NITDA) has signed a strategic partnership agreement with the International Data Centre Authority (IDCA) to accelerate Nigeria’s transition into a fully integrated digital economy through a large-scale national digital infrastructure programme. NITDA announced the…

Farage Faces UK Standards Probe over M Gift from Crypto Billionaire

Reform UK leader Nigel Farage is reportedly facing a parliamentary standards inquiry over whether he failed to declare a 5 million pound ($6.7 million) gift from crypto billionaire Christopher Harborne.The UK Parliamentary Standards Commissioner has opened an inquiry into whether…

Metaplanet Q1 Operating Profit Rises as Bitcoin Loss Widens

Tokyo-listed Metaplanet reported first-quarter operating income Wednesday of 2.27 billion Japanese yen (roughly $14.38 million) on net sales of about $19.5 million, implying an operating margin of 73.6% as surging Bitcoin option income more than tripled revenue from a year…

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