Business
US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May.The company could close the new funding round as soon as…
Tom Lee’s BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and a bearish chart setup pointing toward $1,600.Key takeaways:Bitmine keeps buying ETH even as its losses mount…
Senior officials at the Commodity Futures Trading Commission who raised concerns about prediction market companies were suspended, investigated and eventually pushed out of the agency.According to a New York Times investigation published Sunday, the officials had flagged concerns about Polymarket,…
The Nigerian Civil Aviation Authority (NCAA) has directed its departments to suspend services to 11 domestic airlines over unpaid financial obligations owed to the regulator. The directive was contained in an internal memo dated 22 May, which instructed all NCAA…
Bitcoin (BTC) fell to $74,190 on Saturday, its lowest level in more than a month, despite pro-crypto Kevin Warsh being sworn in as Federal Reserve chairman a day earlier.BTC/USD daily chart. Source: TradingViewKey takeaways:Higher odds of a rate hike in…
A blockchain researcher has pushed back against growing criticism of the Ethereum Foundation, arguing that the organization is doing “exactly” what it was designed to do, which the critics keep getting wrong.In a post on X titled “Leave the Foundation…
An ongoing exploit is impacting StablR, resulting in the depeg of its Euro and USD stablecoins, while a compromised private key has been blamed, adding to a lengthening list of hacks and exploits this month. Blockchain security firm Blockaid reported…
Commercial banks have identified high risks, weak infrastructure, and market uncertainties as major factors limiting lending to Nigeria’s agricultural sector despite growing calls for increased financing for farmers. The President of the Association of Corporate Affairs Managers of Banks, Rasheed…
It has become much harder to forget since the effective closure of the Strait of Hormuz.Hundreds rather than the usual thousands of vessels have passed through the strait since March 5.“This really feels like a global crisis, a little similar…
Banks, fintech firms, insurance companies, capital market operators, and other reporting entities flagged 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit in 2024 amid intensified efforts to detect money laundering, terrorism financing, and other illicit financial activities. The figure…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has intensified efforts to enforce the Host Community Development Trust framework under the Petroleum Industry Act 2021, ordering operators and licensees in the sector to comply with the mandatory three per cent…
Lagos will host the 10th International Chamber of Commerce Africa Conference on International Arbitration and Alternative Dispute Resolution from June 3 to 5, 2026, as arbitration practitioners, business leaders, regulators, and legal professionals gather to discuss dispute resolution and cross-border…
The Federal Government and the Aig-Imoukhuede Foundation have called for accelerated digital transformation across Nigeria’s civil service, with a push to end manual and opaque governance systems in Ministries, Departments, and Agencies. A statement from the Foundation on Friday stated…
Amid soaring fuel costs and persistent electricity challenges affecting homes and businesses, the Chief Executive Officer of Common Sense Group, Dr Olumide Emmanuel, explains to DARE OLAWIN why Nigerians need to adopt solar energy, following the example of the Presidential…
About 70% of all wrench attacks, physical attacks against crypto holders and their families, carried out in an attempt to steal digital assets, occur in France, according to Bitcoin journalist Joe Nakamoto. There have been 41 crypto-related kidnappings in France so…
The price of Bitcoin may be headed to the $60,000 level after breaking past a “crucial” support zone between $75,000 and $76,000, according to crypto market analyst Michaël van de Poppe.Bitcoin fell below the support zone on Friday, van de…
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