Monday, December 15

Business

UK Passes Bill Clarifying Property Laws to Crypto

The UK has passed a bill into law that treats digital assets, such as cryptocurrencies and stablecoins, as property, which advocates say will better protect crypto users.Lord Speaker John McFall announced in the House of Lords on Tuesday that the…

Bitcoin Rebounds Above K As Analysts Eye Six Figures

Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500.“This is what you’d want to see. [Bitcoin] coming back up again,…

Wasteful projects draining Nigeria’s public finances – CIPMN

The Chartered Institute of Project Managers of Nigeria on Tuesday warned of the growing danger associated with the rising global and domestic financial waste on projects that require corrective works or adjustments after commissioning. The Registrar-General of the institute, Henry…

Prioritise agric, manufacturing to sustain growth, CPPE urges FG

The Centre for the Promotion of Private Enterprise has asked the Federal Government to prioritise interventions in agriculture and manufacturing to ease the cost-of-living pressures and ensure that Nigeria’s 3.98 per cent Gross Domestic Product growth in the third quarter…

Kevin O’Leary Tips Fed Not To Cut Rates In December

American entrepreneur and investor Kevin O’Leary has pushed back against speculation that the US Federal Reserve will cut interest rates in December — a move that typically signals a favorable outlook for crypto. However, O’Leary doesn’t anticipate a Fed rate hold…

CBN orders 48-hour refunds for APP fraud victims

The Central Bank of Nigeria has proposed new rules requiring banks and other financial institutions to refund victims of Authorised Push Payment fraud within 48 hours of investigations being concluded. This is according to the draft “Guidelines for Handling Authorised…

Prediction Market Kalshi Raises B at B Valuation

Prediction market Kalshi has closed a $1 billion funding round at a valuation of $11 billion, after seeing its best-ever monthly volume in November.Confirming an earlier report by TechCrunch, Kalshi said on Tuesday that its latest Series E round was…

ETH Hits K But It’s Too Early To Call A Reversal

Key takeaways:The ETH futures premium and the put options skew indicate that traders are hedging aggressively despite an 8% price rebound.Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%.Ether (ETH) gained 8% on…

Taurus Adds Everstake Integration to Expand Institutional Staking Options

Taurus has entered into a partnership with Everstake that will integrate enterprise staking into its custody system for institutional clients, offering access to yield generation across proof-of-stake networks.Taurus, a Swiss FINMA-regulated digital asset infrastructure provider, will integrate Everstake’s non-custodial staking…

SOL Supply Squeeze Supports 0 Bottom, But Is It Enough?

Solana’s (SOL) onchain flows are flashing a powerful supply-side shift with the crypto asset hovering just above the $120 support zone, but market participation still needs to intensify to turn this structural advantage into upside momentum.Key takeaways:$2.12 billion USDC flowed…

CME Launches Bitcoin Volatility Index and Crypto Benchmarks

The Chicago-based CME Group has introduced a new suite of cryptocurrency benchmarks designed to provide standardized pricing and volatility data for institutional traders using tools they’re familiar with across traditional asset classes.Announced Tuesday, the CME CF Cryptocurrency Benchmarks cover a…

Unlimit Debuts Stable.com for Non-custodial Stablecoin Swaps

Fintech payments provider Unlimit has launched a non-custodial platform designed to act as a clearinghouse for major stablecoins and provide direct global off-ramps. The company said the service will simplify stablecoin swaps by pairing decentralized exchange mechanics with its existing global…

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