Monday, February 2

Business

Power outage hits Ibadan over transformer fault

The Ibadan Electricity Distribution Company Plc has announced a power outage across parts of Ibadan, Oyo State capital, following a fault on one of its major power transformers. In a notice issued on Monday and made available to PUNCH Online,…

Bermuda Partners with Coinbase and Circle for ‘Fully Onchain‘ Economy

The partnership builds upon previous work Bermuda’s government has done to attract crypto companies, including bypassing a comprehensive regulatory framework in 2018.The government of Bermuda is planning to create a “fully onchain” national economy using digital asset infrastructure provided through…

BTQ’s Bitcoin Quantum Testnet and “Old BTC” Risk, Explained

Key takeawaysBitcoin’s quantum risk centers on exposed public keys and signature security.BTQ’s testnet explores post-quantum signatures in a Bitcoin-like environment.Post-quantum signatures significantly increase transaction size and block space demands.“Old BTC risk” is concentrated in legacy output types and address reuse…

Can BTC Drop to K?

Bitcoin faces rising downside risk as macro pressure and weak technicals point to a possible drop toward $80,000 on a rising-wedge breakdown.Bitcoin (BTC) witnessed its lowest Coinbase Premium Gap (CPG) in a year, a sign that US-based investors were applying…

NYSE Develops Tokenized Stocks Platform With 24-Hour Trading

The New York Stock Exchange is developing a new platform to trade tokenized stocks and exchange-traded funds (ETFs), part of a broader effort to modernize market infrastructure using blockchain-based settlement.On Monday, the NYSE and its parent company, the Intercontinental Exchange…

India’s RBI Proposes BRICS CBDC Link for Cross-Border Payments

India’s central bank, the Reserve Bank of India (RBI), has reportedly proposed an initiative linking BRICS central bank digital currencies (CBDCs) to facilitate cross-border trade and tourism payments. A Reuters report citing two anonymous sources claimed that the recommendation would place…

Bridges Are Crypto’s Next FTX Waiting To Happen

Opinion by: Kadan Stadelmann, chief technology officer of Komodo PlatformCrypto didn’t get wrecked by regulators or some shadowy conspiracy. The industry did this to itself. It handed control of cross-chain liquidity to a handful of intermediaries, who it called “bridges,”…

Ethereum Price Remains Bullish Above ,000: Here’s Why

Ether’s (ETH) price had dropped 7% since being rejected from the $3,400 mark last week, falling to key support levels. Data suggested that increased staking demand, coupled with renewed ETF inflows and strong technical support, could lead to a sustained…

Moniepoint seeks top Nigerian graduates for tech bootcamp

Moniepoint Inc., one of Africa’s leading digital financial services providers, has opened applications for the second cohort of its flagship DreamDevs initiative, a programme designed to bridge the continent’s tech talent gap by equipping recent graduates with industry-ready skills and…

CertiK Traces M in Tornado Cash Funds to 2M Crypto Hack

Roughly $63 million in Tornado Cash deposits has been linked to the $282 million cryptocurrency wallet compromise of Jan. 10.Blockchain security firm CertiK said in a Monday X post that its monitoring systems identified Tornado Cash interactions tied to the…

Agbeyewa acquires ex-CBN governor’s firm

Agbeyewa Industries Limited, a subsidiary of Cavista Holdings, has acquired Matna Foods Company Limited, founded in 1998 by former Central Bank of Nigeria Governor, Dr Joseph Sanusi, further strengthening its position in the Nigerian agribusiness sector. According to the firm…

Senate Judiciary Wants Dev Protections Out of Crypto Bill

US Senate Judiciary Committee leaders are seeking to remove crypto developer protections from the Senate’s crypto market structure bill, arguing the provisions would weaken unlicensed money transmitting laws.Senate Judiciary chair Charles Grassley and the committee’s top Democrat, Richard Durbin, told…

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