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Cryptocurrency traders are no longer using Bitcoin (BTC) profits to buy altcoins as they did in previous bull cycles, raising doubts about whether a broad “altseason” can return.Key takeaways:Bitcoin-to-altcoin rotation trend has collapsed to its…
Canadian fintech Wealthsimple is launching a prediction markets app powered by Kalshi, giving that country’s retail investors access to thousands of event-based contracts following regulatory approval earlier this year.The standalone app, called Wealthsimple Predict, is scheduled to launch this summer…
The Federal Government has released guidelines to govern the transition from Nigeria’s repealed tax laws to the new tax framework that came into effect this year. The guidelines, issued on Thursday by the Federal Ministry of Finance, are intended to…
The Chicago Mercantile Exchange (CME) Group said it was taking legal action against the US Commodity Futures Trading Commission (CFTC) over cryptocurrency perpetual futures.In a Thursday filing in the US District Court for the District of Columbia, CME filed a…
Canadian Bitcoin miner HIVE Digital Technologies said its AI subsidiary BUZZ HPC has signed a three-year GPU cloud contract worth approximately $220 million with Bell AI Fabric for AI startup Cohere, expanding the company’s push into high-performance computing (HPC) and…
Public Bitcoin miners are increasingly being valued as AI infrastructure companies, but turning that narrative into reality could require roughly $50 billion in near-term capital, according to a new framework highlighted by Blocksbridge Consulting’s latest Miner Weekly newsletter.Using data from…
Polaris Bank Limited has debunked reports claiming that over 34 persons died in a fire incident at its Broad Street branch in Lagos, describing the claims as false and misleading. The bank issued the disclaimer in a post on X…
The next crypto user may start outside exchangesFor most of crypto’s history, new users followed a fairly standard path. They signed up on an exchange, completed identity checks, learned how wallets worked, bought their first cryptocurrency and only then started…
A viral social media post is reviving an alleged Bitcoin prediction that appears to have called several major BTC price levels from 2019 through 2024, with one final target remaining: $145,000 by October 2026.Key takeaways:The new viral post appears to…
Standard Bank Group Limited has announced plans to increase investments in mid-sized companies across Africa as it seeks to tap into opportunities in Nigeria and other key markets on the continent with $15.4 billion. The bank aims to support the…
Bitcoin lending platform Ledn has expanded its services to include Tether Gold (XAUt), allowing investors to hold the tokenized asset and borrow against it in much the same way they can borrow against Bitcoin.Ledn announced Thursday that clients can use…
The Bayelsa State Government has said it is yet to decide on the tariffs for usage of its gas-powered 60 megawatts electricity plant. Ebiuwou Koku-Obiyai, the commissioner for information, orientation and strategy, stated this in an interview with the News…
The Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel). According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by N100, from N1,700 per litre to…
France-listed Bitcoin treasury company Capital B’s shareholders approved a delegation of new capital-raising instruments that may bring up to 105 billion euros ($120.4 billion) in funding to fuel the company’s Bitcoin acquisitions.Over 95% of shareholders approved the establishment of up…
The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has reaffirmed the company’s commitment to delivering reliable and sustainable electricity across Nigeria, stressing that stable power supply remains critical to deepening democracy and…
Group of Seven (G7) leaders have renewed their call for joint action against North Korean cryptocurrency thefts and cybercrime.In a statement adopted at this week’s G7 summit in Évian-les-Bains, France, the leaders expressed “deep concern” over North Korea’s nuclear and…
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