Sunday, October 11

Business

MOPO seals  million deal for expansion in Nigeria

MOPO, a pay-per-use battery technology company based in Sheffield, UK, but focused on Africa, has reached an understanding with Nigeria for a $75 million (approx. ₦120 billion) expansion, Bloomberg reported on Monday, citing a statement by the firm. The deal…

Strategy Boosts US Cash Reserve to .2B After MSTR Sale

Strategy, the world’s largest corporate holder of Bitcoin, is raising fresh capital through sales of its Class A common stock while maintaining its current Bitcoin holdings.Strategy raised $263.5 million through sales of its MSTR common stock under its at-the-market (ATM)…

Grayscale Plans Quarterly ETH, SOL Staking Reward Payouts

Asset manager Grayscale plans to establish regular cash distributions from rewards generated by its Ether (ETH) and Solana (SOL) staking exchange-traded products (ETPs), giving holders recurring access to yield generated by underlying assets. In Form 8-K filings submitted to the US…

Institutions Rethink Crypto Security Beyond Audits: Hacken

Institutional investors are looking beyond smart contract audits after traditional trust signals such as prior audits and operating history failed to predict which crypto projects would be exploited, according to Hacken.In its Q2 2026 Security & Compliance Report, Hacken said…

UBA, Fidson, Wema top stock pick this week

Nigerian stocks depreciated slightly last week, shedding 0.1 per cent as profit-taking activities weighed on the market. Sell pressure on industrial goods stocks triggered the decline. The main equity index has returned 56.5 per cent so far this year. With…

Allbridge Core Pauses Cross-Chain Bridge after .65M Exploit

Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday.The incident affected Allbridge Core’s Solana deployment, with the attacker having…

South Korea Uncovers 30 Cases Unfair Trading

South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years. According to an X post by Financial Services Commission Chair Lee Eog-won, 30 of them reported or…

FG to digitise mining sector, track operators

The Federal Government seeks to deploy Nigeria’s digital identity infrastructure to track mining operators, strengthen regulation, and curb illegal mining nationwide. The Minister of Solid Minerals Development, Dele Alake, disclosed that when he received the Director-General of the National Identity…

Strategy’s Michael Saylor Pounds Away at “Bad Idea” BIP-110

Strategy executive chairman Michael Saylor took to social media on Sunday to detail his “110 reasons” why a proposed temporary fork to limit non-monetary transactions on the Bitcoin network, or BIP-110, is a bad idea.Bitcoin Improvement Proposal-110 was introduced in…

US Agencies Miss GENIUS Act Deadline for Final Stablecoin Rules

US regulatory agencies missed the rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act on Saturday, which marked one year since the law was signed. Several US regulatory agencies published proposed rules and collected public feedback…

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