Saturday, June 20

Business

Aave avoided collapse, but its .45B stress test exposed deeper risks

A stress test that showed both strengths and weaknessesWhen large sums leave a financial system quickly, hidden weaknesses often become visible. In traditional finance, such situations often lead to emergency lending programs, withdrawal limits or government-backed bailouts.Decentralized finance (DeFi) works…

Fidson PLC donates theatre pharmacy to FMC Asaba

The Commercial Director, Fidson Healthcare PLC, Ola Ijimakin, says the company decided to donate a Theatre Pharmacy to the Federal Medical Centre (FMC), Asaba, Delta State, because of the great job it is doing in saving lives. Mr Ijimakin said…

Bitcoin Surfs Hawkish Fed, New Iran Cues With Price tapping ,000

Bitcoin (BTC) rose above $63,000 on Friday as markets adjusted to geopolitical and macro changes.Key points:Bitcoin takes a time-out near week-to-date lows after a broadly hawkish Fed interest-rate meeting.US-Iran tensions slowly resurface with the Strait of Hormuz oil route in…

Binance’s Greek MiCA Bid Draws Questions About ECB Influence

Binance’s faltering European Union Markets in Crypto-Assets Regulation (MiCA) license application in Greece has raised questions about whether the bloc’s central bank may have played an informal role in the process, despite not having formal authority over licensing decisions.Even though…

BlockShoals Explains Binance’s Philippine Regulatory Status

Binance is allowed to provide crypto trading access to users in the Philippines through its arrangement with BlockShoals Technologies, but neither company is authorized to handle peso transfers or perform other activities regulated by the country’s central bank, according to…

Bitcoin Q3 Bottom Could Spark ‘Complete Disbelief’ Above ,000

Bitcoin (BTC) could reach its new “macro bottom” by September, as price action continues to surprise traders.Key points:Bitcoin may “front run” exchange order-book liquidity to produce a bear-market low between $50,000 and $60,000.A trader sees “complete disbelief” if price reverses…

Microsoft Flags USB Crypto Clipper Hijacking Wallets

Microsoft Threat Intelligence is warning Windows users about a cryptocurrency clipper strain of malware transmitted via USB drives. The malware, which has been affecting users since February, steals clipboard data to extract wallet credentials using “high-frequency clipboard theft, screenshot exfiltration, and…

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