Friday, July 3

Business

Bitcoin Helps USD’s Reserve Status: Coinbase CEO

Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance.“[Bitcoin] provides a check and balance on the dollar in the…

Crypto Industry Backlash to California Billionaire Tax

A proposed 5% tax on billionaires’ wealth in California has drawn a strong response from crypto executives, who argue it would trigger an exodus of entrepreneurs and capital flight, and would be wasted anyway.The ballot initiative, known as the 2026…

Hackers Give Rainbow Six Siege Players 2B Credits Each

French video gaming giant Ubisoft has been forced to halt the live services of Rainbow Six Siege after hackers breached the game and dished out 2 billion in-game credits to every player.The exploit was initially confirmed by the team via…

Flow Validators Urged To Halt Work After Chain Rollback

deBridge founder Alex Smirnov has urged validators on the Flow blockchain to stop processing transactions until the Flow Foundation devises a remediation plan for users impacted by its controversial rollback of the chain.The rollback was in response to the theft…

Capital gains tax testing investor confidence

Nigeria’s move to bring back capital gains tax on equity investments has gone beyond a routine fiscal discussion, revealing underlying weaknesses in the country’s capital market. As investors reassess risk, foreign participation wanes, and liquidity providers pull back, the policy…

NNPC completed main line of AKK pipeline

The Nigerian National Petroleum Company Limited (NNPC Ltd) on Sunday said it has completed the main line to the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline. The Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, on Sunday, after meeting with President Bola…

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