Saturday, December 6

Business

Cayman Islands Sees Rise in Foundation Company Registrations

New figures reveal a 70% year-on-year increase in Cayman Islands foundation company registrations, with more than 1,300 on the books at the end of 2024, and over 400 new registrations already in 2025. These structures are increasingly being used as…

USDe Drops 24% in November As Fiat-Backed Stablecoins Gain Ground

Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins like USDT, USDC and PYUSD attracted billions in inflows. CoinGecko data showed that Ethena’s USDe stablecoin fell from a market capitalization of $9.3 billion on Nov.…

BlackRock CEO Says Tokenization Can Unite Crypto and TradFi

Former crypto skeptic BlackRock CEO Larry Fink and chief operating officer Rob Goldstein say tokenization will act as a bridge between the crypto industry and traditional finance, doubling down on their support of the sector. In an opinion article penned by…

Binance Elevates Co-Founder Yi He To Co-CEO Role

Binance has appointed co-founder Yi He as co-CEO, elevating one of its earliest architects to a formal leadership role alongside chief executive Richard Teng.According to a Wednesday announcement, Binance CEO Richard Teng announced on stage at Binance Blockchain Week that…

Ether Treasury Stocks Lead Crypto Recovery Gains

Digital asset treasuries (DATs) are leading a crypto stock recovery as markets rebound following a significant leverage flush at the start of the month.Ether DATs recovered strongly on Tuesday, including Nasdaq-listed EthZilla (ETHZ), which gained 12.35% on the day to…

UK Passes Bill Clarifying Property Laws to Crypto

The UK has passed a bill into law that treats digital assets, such as cryptocurrencies and stablecoins, as property, which advocates say will better protect crypto users.Lord Speaker John McFall announced in the House of Lords on Tuesday that the…

Bitcoin Rebounds Above K As Analysts Eye Six Figures

Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500.“This is what you’d want to see. [Bitcoin] coming back up again,…

Wasteful projects draining Nigeria’s public finances – CIPMN

The Chartered Institute of Project Managers of Nigeria on Tuesday warned of the growing danger associated with the rising global and domestic financial waste on projects that require corrective works or adjustments after commissioning. The Registrar-General of the institute, Henry…

Prioritise agric, manufacturing to sustain growth, CPPE urges FG

The Centre for the Promotion of Private Enterprise has asked the Federal Government to prioritise interventions in agriculture and manufacturing to ease the cost-of-living pressures and ensure that Nigeria’s 3.98 per cent Gross Domestic Product growth in the third quarter…

Kevin O’Leary Tips Fed Not To Cut Rates In December

American entrepreneur and investor Kevin O’Leary has pushed back against speculation that the US Federal Reserve will cut interest rates in December — a move that typically signals a favorable outlook for crypto. However, O’Leary doesn’t anticipate a Fed rate hold…

CBN orders 48-hour refunds for APP fraud victims

The Central Bank of Nigeria has proposed new rules requiring banks and other financial institutions to refund victims of Authorised Push Payment fraud within 48 hours of investigations being concluded. This is according to the draft “Guidelines for Handling Authorised…

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