Wednesday, October 21

Business

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…

Fuel price war’ll benefit Nigerians, says NNPCL chief

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, on Sunday assured Nigerians that ongoing price competition in the downstream petroleum sector will ultimately benefit consumers. He described current market tensions as a natural consequence…

Poland races to build bomb shelters

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Poland will force real estate developers to allocate space for bomb shelters in most new buildings from 2026, as the frontline state…

2026 Will Be the Year of the Utility Token

For Animoca Brands co‑founder Yat Siu, 2025 will be remembered as “the Trump year,” not because US President Donald Trump saved crypto, but because the industry bet too heavily on him and mispriced everything from tariffs to rate cuts.Trump was…

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