Monday, June 22

Business

GCR confirms stable ratings for FBS Reinsurance

GCR Ratings has released its latest financial strength assessment for FBS Reinsurance Limited, assigning the company ratings on both international and national scales with a stable outlook. According to the rating agency, FBS Reinsurance maintained…

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Bitcoin Takes Pressure Off ,000 as Bear Market Roadmap Continues

Bitcoin (BTC) approached intraday highs ahead of Monday’s Wall Street open, with $60,000 holding as key support.Key points:Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower.A rebound to $64,000 is being watched for…

Bitcoin ETFs See .7B Weekly Outflows

Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ending June 5, according to SoSoValue data.The outflows extended the streak to four straight weeks of billion-dollar redemptions, dating back to the week ending May…

Yuga Labs Developers Rescue 68 NFTs From Flooring Exploit

Yuga Labs-affiliated developers rescued 68 non-fungible tokens from Flooring Protocol after an exploit put NFTs from collections including Bored Apes and CryptoPunks at risk.Yuga Labs CEO Michael Figge said Monday that the recovered NFTs are now in the company’s custody…

Zcash Proposes Ironwood Pool After Orchard Bug

Zcash developers are proposing a new shielded pool called Ironwood after a recently patched bug raised concerns about whether counterfeit ZEC could have entered circulation unnoticed.The Zcash Open Development Lab (ZODL) said Saturday that it is working with Tachyon, Valar…

Arthur Hayes Dumps Worldcoin After Bullish AI Proxy Call

Maelstrom co-founder Arthur Hayes said he sold his Worldcoin (WLD) holdings just days after his venture capital firm described it as one of the cleanest proxies for the AI investment play. “This chart is going in the wrong direction,” said Hayes…

Marketing leaders call for expanded CMO role

Marketing leaders, business executives and communications experts have called for a redefinition of the Chief Marketing Officer’s role, urging marketers to move beyond traditional brand management and focus on enterprise leadership, business growth and value creation. The call was made…

Securitize Gets SEC Nod for Cantor SPAC Merger

Real-world asset tokenization platform Securitize is one step closer to going public via a special acquisition company (SPAC) merger, after one of its filings was approved by the US Securities and Exchange Commission.The regulator approved the Form S-4 registration statement…

FG pushes completion of  Abuja–Keffi road

The Minister of Works, David Umahi, has expressed satisfaction with the pace and quality of work on the reconstruction and expansion of the 43.65-kilometre Mararaba–Keffi Road, reiterating the Federal Government’s resolve to end the era of abandoned and substandard infrastructure…

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