Saturday, October 10

Business

TRM Labs Valuation Doubles After Series C Expansion

Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion following an expansion of its Series C funding round led by Blockchain Capital. The company did not disclose the size of the latest investment but said its annual…

NUPRC threatens to revoke gas flare site awards over non-utilisation

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it may revoke permits awarded to investors under the Nigerian Gas Flare Commercialisation Programme (NGFCP) if they fail to demonstrate significant progress in utilising the sites. The Commission Chief Executive,…

U.S. Bank Moves USBDC Onchain in Cross-Border Pilot

U.S. Bank, the fifth-largest commercial bank in the United States, has completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.The pilot moved funds between U.S. Bank entities in North America and Europe, with USBDC issued…

Hunter Biden’s Laptop Controversy Reborn as $XB Memecoin

[Update, Sept. 9, 1 p.m. UTC: Updates LAPTOP’s price performance and volume after its first hour of trading.]Hunter Biden’s LAPTOP memecoin fell 95.7% in its first hour of trading on Wednesday, as the son of former US President Joe Biden…

10 Crypto Mysteries That Still Have No Good Answer

In an industry built on transparency and verifiability, newcomers might assume that crypto and blockchains leave very little room for mystery. They’d be completely wrong of course, because the murky world of digital assets is rife with underhanded dealings, unsolved…

BitMart Misses Roadmap Deadline and Appoints Financial Adviser

BitMart appointed Alvarez & Marsal as its financial adviser on Wednesday, its self-imposed Sept. 9 deadline for an update, but did not publish the restructuring and business resumption roadmap it said it was developing.Alvarez & Marsal will work with BitMart’s…

What Could Happen if the CLARITY Act Fails to Pass in 2026

With lawmakers in the US Senate set to consider legislation pushed by many in the cryptocurrency industry for regulatory clarity, there’s a limited window for the bill to become law, potentially delaying it into the next session of Congress with…

CBN disowns purported  billion grant approval

The Central Bank of Nigeria (CBN) has prioritised the supervision of terrorism financing as part of efforts to protect the country’s financial system from abuse by illicit actors. The apex bank disclosed this in a statement signed by its Acting…

Malone Lam Pleads Guilty in 5M Crypto Theft Case

Singaporean national Malone Lam pleaded guilty to participating in a racketeering conspiracy that US prosecutors say used social engineering and home break-ins to steal and launder more than $245 million in cryptocurrency.On Tuesday, the US Justice Department said that Lam…

Tinubu urges banks to turn recapitalisation into jobs, production

President Bola Tinubu has challenged Nigerian banks to shift their focus from financing the government to providing affordable credit to businesses and productive sectors of the economy to drive investment, production and job creation. Mr Tinubu, who was represented by…

StablecoinX Names New CEO to Oversee ENA Treasury

StablecoinX appointed former Franklin Templeton digital asset executive Christopher Jensen as CEO, putting him in charge of the largest corporate holder of Ethena’s ENA token.Jensen succeeds Ted Chen, who led StablecoinX through its public listing in June and will remain…

Iyinoluwa Aboyeji resigns as Learn Africa non-executive director

Nigeria’s largest educational publisher, Learn Africa Plc, has announced the resignation of Iyinoluwa Aboyeji, a Non-Executive Director, from its Board of Directors, effective 7 September. The publisher disclosed this in a regulatory filing signed by DCSL Corporate Services Limited, the…

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