Business
Political action committees (PACs) backed by cryptocurrency companies and aligned interest groups have bet more than $8 million to support candidates in Tuesday’s primaries across three US states, which could impact the makeup of the…
Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month.Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL…
The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically allow a bad actor to mint an unlimited amount of ZEC.According to a post on X,…
Strategy’s leveraged Bitcoin model is stressed, which could limit the firm’s ability to keep buying BTC and potentially force further sales, according to Grayscale.“The shift in approach from one of the world’s largest BTC holders has weighed on market sentiment,”…
Nigeria has received multiple funding offers from investors and institutional lenders, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Speaking in an interview with Bloomberg TV, Mr Oyedele said the current market environment presents…
Nigel Farage’s Reform UK received 7 million British pounds ($9.4 million) from two crypto billionaires this year, with total funds raised outstripping all other political parties.The party received a $4 million donation from Christopher Harborne, who has a stake in…
US-based AI firm Anthropic warns AI development is advancing at a pace that could soon see agents building, training and improving themselves without human input — recommending a slowdown in development.In a blog post published Thursday, Marina Favaro, lead at…
A group of Senate Republicans has urged US financial regulators to clarify the capital standards for companies engaged in crypto activities.Senator Cynthia Lummis said on Thursday that she led the group in sending a letter on May 27 to Federal…
MTN Nigeria and the Small and Medium Enterprises Development Agency of Nigeria have intensified efforts to support up to five million small businesses through the mySMEville platform, a digital initiative designed to address a $158bn annual financing gap affecting Nigeria’s…
Nigeria’s aviation sector has witnessed escalating tensions between the NCAA and Airline Operators of Nigeria, marked by debt disputes, regulatory reversals, and criticism from operators over the regulator’s perceived revenue-driven enforcement approach, OLASUNKANMI AKINLOTAN reports In the last couple of…
The Federal Government on Thursday presented the prestigious African Quality Mark certification to 131 Nigerian companies for 220 Made-in-Nigeria products, in a move aimed at boosting the competitiveness of local goods across the African continent under the African Continental Free…
US-listed spot Bitcoin exchange-traded funds (ETFs) extended their sell-off Wednesday to a record 13 consecutive trading days as Bitcoin demand continued to weaken.Spot Bitcoin ETFs posted $396.6 million in net outflows on Wednesday, bringing cumulative withdrawals to roughly $4.4 billion…
The Ambassador of Israel to Nigeria, Michael Freeman, on Thursday pledged deeper collaboration with Nigeria in the field of artificial intelligence, saying the Israeli government would continue sharing its expertise with the country to support job creation, innovation and entrepreneurship.…
A disputed Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to “No” after two dispute rounds, despite Strategy later disclosing that it sold 32 BTC during the market’s covered window.UMA Optimistic Oracle (UMA) token holders voted to…
Maritime stakeholders have stressed the need for targeted training of dockworkers and workforce development to prepare workers for emerging technologies and sustainable port operations. Stakeholders also stated that dockworkers are an integral part of Nigeria’s transition to greener ports. This…
Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time.The companies announced on Thursday that USDPT, Western Union’s US dollar-pegged…
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