Nestoil Limited has engaged in a verbal clash with Abubakar Sulu-Gambari, the receiver/manager appointed over the company and Neconde Energy in respect of an alleged debt default. The verbal exchange comes against the backdrop of a Supreme Court ruling delivered…

Bitcoin (BTC) hovered near two-month lows on Wednesday as 2022 bear-market comparisons returned.Key points:Bitcoin traders bring back the 2022 bear market to assess where BTC price action might go next.History shows a new lower high followed by a breakdown of…

The European Union’s Markets in Crypto Assets Regulation hits a hard deadline on July 1 when the transitional period ends and in-scope crypto asset service providers operating under national regimes must either hold a MiCA licence or stop serving EU…

The Chief Executive Officer of the Dangote Petroleum Refinery, David Bird, says the 650,000 barrels-per-day (bpd) refinery has a substantial surplus of jet fuel and is well-positioned to supply global markets. Mr Bird disclosed this on Tuesday during a speech…

Binance announced it is shutting down support for non-fungible tokens on Binance Exchange and moving NFT management to its self-custodial cryptocurrency wallet, Binance Wallet. The exchange said this will offer NFT holders “easier access to Web3 and decentralized features,” according to…

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has announced a new connectivity support initiative from China. Tijani said the China Industrial Bank (CIB) would support the Nigeria Universal Communication Access Project (NUCAP), an initiative bringing digital connectivity…

The Russian ruble-backed A7A5 stablecoin continued to grow despite Western sanctions, processing more than $110 billion in cumulative onchain transactions, according to CertiK.CertiK said A7A5 processed over $110 billion in cumulative onchain transactions, captured about 43% of the global non-US…

Bitcoin (BTC) has dropped 8% to a nine-week low of $65,360 from Tuesday’s high of $71,300 amid increasing geopolitical risks surrounding the US-Iran war.Key takeaways:Bitcoin slipped to $65,000 on Wednesday in a market-wide correction, liquidating $774 million in longs.Traders say…

Mastercard announced its plans to expand its settlement capabilities to let issuers and acquirers settle some card transactions using regulated stablecoins. On Wednesday, Mastercard said the new capabilities will include intraday, weekend and holiday card settlement, supporting both fiat currencies and…

Canadian Bitcoin miner HIVE Digital Technologies’ Bitcoin holdings fell by 331 BTC in the latest quarter, even as the miner reported a sharp rise in annual revenue from Bitcoin mining and high-performance computing (HPC).The company reported holdings of 150 Bitcoin…

British multinational energy giant Shell continued operating one of its major oil pipelines in Nigeria for years despite internal warnings about environmental risks and infrastructure concerns, according to newly disclosed company documents. The documents, obtained by the BBC through ongoing…

The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims to cut Iran off from the financial system.The Treasury said on Tuesday that it…

Bitcoin prices have dropped 7% on the day, breaking key support to a nine-week low after the US and Iran launched fresh strikes as talks over a possible ceasefire have stalled. Bitcoin (BTC) fell to $65,385 on Coinbase in early trading…

​The European Banking Authority and the New York State Department of Financial Services (NYDFS) have signed a memorandum of understanding to police cross-border stablecoin activities. The EBA said on Tuesday that the deal is part of its duties under the Markets…

Crypto is turning into a “contrarian bet” as institutional investors are being drawn to artificial intelligence stocks, says Bitwise chief investment officer Matt Hougan.“The crypto market is brutal right now,” Hougan wrote in a market note on Tuesday. “One major…