Monday, February 2

Business

Crypto’s Decentralization Falls Apart at Interoperability: Casper CTO

Moving value across blockchains is now largely mediated by a small group of centralized intermediaries despite crypto’s long-standing claims of decentralization.Michael Steuer, president and chief technology officer of Casper Network, framed this dynamic as a structural outcome of the industry’s…

80% of Hacked Crypto Projects Never Fully Recover, Expert Warns

Nearly four out of five crypto projects that suffer a major hack never fully regain their footing, according to Mitchell Amador, CEO of Web3 security platform Immunefi. Amador told Cointelegraph that most protocols enter a state of paralysis the moment…

Unions fault NCAT management, issue 14-day strike notice

Four major aviation unions have issued a 14-day ultimatum to the management of the Nigerian College of Aviation Technology, Zaria, warning that failure to conclude the long-delayed review of staff Conditions of Service will result in a total withdrawal of…

Purchasing power still weak despite inflation easing – LCCI

Nigeria’s purchasing power has not fully recovered despite the easing of headline inflation to 15.15 per cent in December 2025, the Lagos Chamber of Commerce and Industry has said, warning that households and businesses continue to feel the lingering effects…

China-Led CBDC Platform mBridge Tops  Billion in Transaction Volume

China-led cross-border digital currency platform mBridge has processed more than $55 billion in transactions as efforts to build payment rails that operate outside traditional dollar-based systems find momentum.Project mBridge, a multi-central bank digital currency (CBDC) platform, has now settled over…

Govt budgets N6bn for judgement debts

The Federal Government has proposed to spend N6.12bn on judgement debts and related liabilities across three ministries in the proposed 2026 budget, a review of the appropriation bill shows. An analysis of the figures indicates that the total allocation for…

Economists back IMF warning on reform sustainability

Economic experts have backed the International Monetary Fund’s cautionary stance on Nigeria’s reform agenda, urging the Federal Government to sustain ongoing economic reforms and avoid policy reversals, particularly as political pressures build ahead of the election cycle. They warned that…

ETH Validator Exit Queue Hits Zero as Staking Demand Soars

The massive staking inflows are strengthening ETH’s supply-demand dynamic, potentially setting the stage for upward price momentum this year.The Ethereum staking validator exit queue has dropped to zero — signaling a dramatic fall in selling pressure and strengthening confidence in…

FG’s 85% capital spending claim faces scrutiny

Economic analysts are questioning the Federal Government’s claim that it achieved 85 per cent of its capital expenditure in the 2024 fiscal year, citing transparency concerns, delays in contractor payments, and a lack of independent project verification. The scrutiny follows…

Solana Labs CEO Says Solana Must Adapt or Die

Solana Labs CEO Anatoly Yakovenko said he wants Solana to be a constantly evolving network, continuously updating to meet the changing needs of users, contrasting with Vitalik Buterin’s vision of Ethereum as a self-sustaining blockchain.“Solana needs to never stop iterating.…

Steak ‘n Shake Says Bitcoin Stash Grew by  Million in Value

Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin (BTC) payments at its stores, announced on Friday that its BTC corporate treasury grew by $10 million in notional value.“All Bitcoin sales go into our strategic Bitcoin reserve,” the company…

BTC Reserve Is a ‘Priority’ but Legalities Hinder Process

Progress is being made toward establishing a Bitcoin (BTC) strategic reserve in the United States, but “obscure” legal provisions are holding up the process, according to Patrick Witt, the director of the White House Crypto Council. Several government agencies are discussing…

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