Michael Selig, who chairs the US Commodity Futures Trading Commission (CFTC), signaled that the agency would not be idle while Congress continued to debate provisions in a cryptocurrency market structure bill.In prepared remarks for the inaugural meeting of the CFTC’s…

United Bank for Africa Plc has approved the appointment of Ibrahim Puri as a Non-Executive Director of the bank, subject to the approval of the Central Bank of Nigeria (CBN). The appointment was disclosed in a regulatory filing signed by…

Bitcoin (BTC) saw multimonth highs after Thursday’s Wall Street open while stocks dipped and bond yields rebounded on US-Iran war nerves.Key points:Bitcoin builds on its highest levels in 11 weeks to hit $72,500 on Bitstamp.US bond yields see volatility after…

Artificial intelligence (AI) could help developing countries achieve in a decade what might otherwise take a century, according to the World Bank’s report. The lender said governments must act swiftly to address gaps in electricity, connectivity, skills and institutional quality…

As US federal debt tops $40 trillion for the first time, there is renewed debate over whether mounting government borrowing could strengthen Bitcoin’s case as a scarce, non-sovereign asset.Interest costs have also climbed, surpassing Medicare to become the federal government’s…

Blockchain Optimism’s governance has approved a proposal to repurpose 546.9 million OP tokens previously reserved for user airdrops to support ecosystem growth and institutional adoption.OP currently has a market cap of roughly $214 million, with a circulating supply of about…

The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has promised to restore petrol subsidy if elected president in the 2027 general election. Abubakar pledged during a Hausa-language interview on the PAP programme on Wednesday, arguing that the…

Public Bitcoin miners are spending billions chasing artificial intelligence and high-performance computing revenue, though returns have yet to keep pace, underscoring the massive upfront investment required to diversify beyond Bitcoin mining.In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that…

Advances in artificial intelligence (AI) are expanding financial inclusion for individuals and micro, small- and medium-sized enterprises (MSMEs) that have been underserved by traditional banking institutions, according to the World Bank. The lender, in its latest World Development Report, titled…

The World Bank has urged developing economies, including Nigeria, to accelerate the adoption of artificial intelligence, saying the technology could help drive stronger global economic growth. It, however, cautioned that AI systems trained on foreign data may produce inaccurate results…

Europe’s crackdown on Tether’s USDT is entering a new phase.When Revolut told European users it would delist USDT after Aug. 31, it became another in a long line of European platforms restricting access to the world’s largest stablecoin as firms…

The Presidency has urged Nigeria to turn its energy transition policies and climate commitments into bankable projects capable of attracting the investment needed to transform the country’s energy sector. Ibrahim Shelleng, Senior Special Assistant to the President on Climate Finance…

Cybersecurity firm Rapid7 unveiled a new cryptocurrency phishing campaign known as Operation Asterix, targeting roughly 885,000 phone numbers from several countries to steal cryptocurrency investors’ assets.The phishing campaign led to 5,576 accounts matched to users on crypto exchange Binance, which were…

US spot Bitcoin exchange-traded funds (ETFs) recorded $517.2 million in net inflows on Wednesday, their largest single-day investment since May 4, pushing August net inflows to $1.47 billion.The funds have taken in about $1 billion since Monday, already their strongest…

Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days.Key points:Crypto short liquidations since Thursday are in excess of $3.1 billion, per CoinGlass data.Bitcoin continues its upside reaction to a US Treasury liquidity…