Wednesday, October 21

Business

Dangote Refinery dismisses shutdown claims

Dangote Petroleum Refinery has rejected a report claiming the refinery is shutting down for maintenance, describing the story as “false and misleading.” In a statement released on Monday, the refinery emphasised that production remains ongoing, stable, and uninterrupted. “Dangote Petroleum…

China’s Financial Associations Reclassify RWAs as ‘Risky‘: Report

Several of the largest financial industry associations in China have reportedly signaled that the country’s regulators could crack down on Real-World Asset (RWA) tokenization.According to a notice shared by Wu Blockchain on Monday, the Asset Management Association of China, National…

Grayscale declares first staking payout for US Ethereum ETP

Grayscale has declared a staking rewards distribution for its Ethereum Staking exchange-traded fund (ETF), the first time a US-listed spot crypto exchange-traded product (ETP) has scheduled a payout tied to onchain staking activity.Grayscale Ethereum Trust ETF (ETHE) shareholders will receive…

BTC Nears Strength Phase but Traders Warn of a Possible Trap

Bitcoin (BTC) is attempting to transition into a phase of “strength” after weeks of range-trading between $90,000 and $86,000. While the technical structure has improved, BTC traders debate whether the move has momentum or risks of becoming a bull trap.Key…

Bitcoin Faces Volume Vacuum as BTC Price Eyes ,000

Bitcoin (BTC) hit new 2026 highs on Monday’s Wall Street open amid concerns over thin market liquidity.Key points:Bitcoin joins stocks and gold with early-year gains as geopolitics rewards asset holders.BTC price analysis sees a “clear-cut breakout” over the next week.Concerns…

Ledger Confirms Global-e Breach Did Not Affect Wallets

Cryptocurrency hardware wallet provider Ledger has clarified a recent data incident involving its e-commerce partner Global-e.Global-e, a cross-border e-commerce platform integrated by Ledger in October 2023, experienced unauthorized access to order data in its information systems, which affected some Ledger…

Starknet Mainnet Is Experiencing Fresh Downtime

Starknet, an Ethereum layer‑2 network that uses zero‑knowledge (ZK) rollups, is experiencing fresh mainnet disruption as the project enters 2026.In an X post, the Starknet team said the network was facing downtime and that engineers were “actively investigating the issue…

Metamask 2FA Scam Emerges, Phishing Attacks Sink 83% 2025

Crypto investors are being targeted by a new phishing campaign that impersonates MetaMask and tricks users into handing over their wallet recovery phrases, according to the blockchain security firm SlowMist.The attackers are impersonating a two-factor authentication (2FA) security verification flow,…

Crypto ETP Inflows Hit B In 2025 As Altcoins Steal The Show

Cryptocurrency investment products pulled in about $47 billion of inflows in 2025, just shy of 2024’s total amid new crypto exchange-traded fund (ETF) launches in the US.Crypto exchange-traded products (ETPs) logged $47.2 billion in inflows last year, 3% below 2024’s…

Bitcoin Battles for a New Bull Trend Amid Venezuela Volatility

Bitcoin (BTC) launches its first comeback move in months as geopolitics excites world assets.Bitcoin price gains see a return to $93,000 after a nearly month-long absence, but traders are skeptical.A key golden cross is almost here on the four-hour chart,…

Crypto Deposits Rise, But Buyers Aren’t Showing Up: Analyst

Large crypto holders have been moving tokens onto Binance, a pattern analysts associate with potential selling, but buying demand remains muted.So-called crypto whales deposited $2.4 billion near-evenly split between Bitcoin (BTC) and Ether (ETH) to Binance in the past week,…

Fidelity, NEM Insurance, CAP top stock pick this week

Nigerian stocks reported a 1.9 per cent gain last week, supported by strong demand for insurance and consumer goods stocks. Investor sentiment continued to improve with all the sector indexes recording gains as investors realigned their portfolios to take advantage…

Expert Debunks Nine Bitcoin Mining Environmental Myths

Despite Bitcoin’s rising institutional adoption in 2025, its environmental impact is still being misunderstood and misinterpreted by many, according to ESG expert Daniel Batten. In an X thread on Saturday, Batten said there are nine common criticisms of Bitcoin mining’s energy…

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