Thursday, June 25

Business

FG, Aig-Imoukhuede Foundation push digital reforms across MDAs

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…

Bitcoin Could Revisit ,000 Level in 2026 — Analyst

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…

New Fed Chair Kevin Warsh Will Cut Interest Rates: Analyst

Kevin Warsh, who was sworn in as the chairman of the United States Federal Reserve on Friday, will likely slash interest rates, despite the “consensus” view that he will raise interest rates, according to author, Bitcoin investor and market analyst…

Coinbase Premium Hits Monthly Low on Institutional Selling

A key indicator of institutional crypto market participation, the Coinbase premium has fallen deeper into negative territory, indicating increased selling pressure from institutions.The Coinbase premium has been mostly negative since late April, but it has fallen much faster over the…

SEC’s Peirce Clarifies Tokenized Stock Exemption

US Securities and Exchange Commissioner Hester Peirce has told the crypto industry to cool its expectations about a potential “innovation exemption” to allow tokenized stock trading after a report earlier this week about what it could entail. Her comments were made…

Novogratz Appears in Court Over Failed BitGo Deal: Report

Galaxy Digital founder Mike Novogratz appeared in court on Tuesday to face off against BitGo CEO Mike Belshe in a long-running legal fight over a failed proposed $1.2 billion merger in 2021.The planned deal was the largest-ever crypto merger at…

Hamilton ETFs Proposes Leveraged Bitcoin Covered-Call ETF

Hamilton ETFs filed a preliminary prospectus in Canada for an actively managed Bitcoin income exchange-traded fund (ETF) that would use leverage and short-term options strategies to generate yield alongside Bitcoin exposure.The proposed Hamilton Enhanced Bitcoin DayMAX ETF would use covered-call strategies…

Dangote delivered Nigeria from ‘Economic Slavery’ — Otedola

Nigerian billionaire businessman, Femi Otedola, has described the industrial projects of Aliko Dangote as a turning point in Nigeria’s economic history, saying the businessman had delivered the country and Africa from “economic slavery.” Mr Otedola made the remarks during a…

IHC Executes M DDSC Stablecoin Transfer on ADI Chain

The International Holding Company (IHC) executed a 110 million dirham ($30 million) transaction using the DDSC stablecoin on ADI Chain. The company described the transfer as one of the largest disclosed stablecoin transactions executed in the United Arab Emirates.The transaction…

Why I sold ownership of Geregu Power Plant — Otedola

Nigerian billionaire businessman Femi Otedola has disclosed that he sold his stake in Geregu Power Plc to invest in the planned public offering of the Dangote refinery project owned by Aliko Dangote. Mr Otedola made the disclosure while speaking to…

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