For the first time since February, Bitcoin surged past $100,000 on Thursday and was trading above $103K at the time of publication 21:30, according to CoinMarketCap live price chart The new price is significant considering how it rose from April lows of $75,000 due to the volatile economic and tax war declared by the president of … Read more
Barely a year after awarding a $100,000 grant to BTCPay, Tether, the largest company in the digital asset industry, has again extended another $100,000 to the BTCPay Server Foundation. Recall that Tether first awarded $100K to BTCPay on April 2, 2024. Today, Thursday, May 8, 2025, the company announced another $100K grant, bringing the total to … Read more
Foreign exchange markets move fast, with different currencies traded in various ways to meet the needs of businesses, investors, and individuals. It represents the biggest financial market in the world because of its speed and simplicity, aided by the method called spot transaction. This article explains what a spot sale is, how it functions in … Read more
Spot purchase happens when you buy something and pay for it immediately, receiving the item right away or within a very short time. The transaction happens right “on the spot”.
Tether announced in a statement on Wednesday, April 30, 2025, that it has acquired a 70% controlling stake in Adecoagro, a leading agro-industrial and sustainable production company in South America. Tether revealed that discussions about the acquisition began in September 2024 with a $100 million investment for a 9.8% stake, signalling the company’s interest in … Read more
Aisha Adole Achimugu is a popular name in Nigeria’s corridors of power, particularly in the oil and gas sector. But she became known to the majority of Nigerians on January 22, 2024, when she marked her 50th birthday in the Caribbean island of Grenada. She logged at the Caribbean island’s resort that reportedly costs $150,000 per … Read more
Tether, a global stablecoin firm, has published its first official attestation report for the first quarter of 2025 and disclosed that Tether Gold (XAU₮) has witnessed astronomical growth, with more than 7.7 tons of physical gold backing the XAU₮ in circulation. In its independent auditor’s report, the company says that apart from XAU₮ being regulated … Read more
One of the six Crypto Bridge Exchange (CBEX) promoters, Adefowora Abiodun, has voluntarily turned himself in to the Economic and Financial Crimes Commission (EFCC). CBEX, which described itself as a cryptocurrency trading platform, vanished after allegedly defrauding investors of over $1 billion, amounting to more than a million naira from individuals who were lured by … Read more
Residents of Panama City can now pay for public services, such as taxes, tickets, permits, and other government fees, using Bitcoin, Ethereum, and stablecoins like USDT and USDC. This development follows an approval by the Panama City Council, making it the first government institution in the country to accept cryptocurrency payments. With a population of … Read more
South Korea’s Financial Services Commission has blocked at least 15 cryptocurrency exchanges, including KuCoin and MEXC, for operating in the country without permission from the authorities. The apps of the affected exchanges have been pulled down from the Apple Store beginning April 11, following a request from the country’s Financial Intelligence Unit (FIU). The FIU … Read more
Nigerians who invested in CBEX, a platform that used crypto trading as a ploy, are now languishing in debt while crying their eyes out. The platform, which promised a 100% return on investment (ROI) in 30 days, has folded up—without a trace. As of the time of this report, investors are said to have lost … Read more
Thousands of Nigerians who invested in the now-collapsed Ponzi scheme, CBEX, are languishing in regret—despite similar schemes in the past and repeated warnings by Nigeria’s Securities and Exchange Commission (SEC) to steer clear of unregulated investments. MMM is a typical example. Then came Racksteli, promoted by the Nigerian singer Davido and former lawmaker Dino Melaye, … Read more
Tether has promised to deploy both existing and future hashrate on OCEAN, a leading Bitcoin mining pool focused on decentralization, aimed at strengthening Tether’s commitment to supporting the resilience, transparency, and decentralization of Bitcoin’s foundational infrastructure. In a statement on Monday, the largest company in the digital assets industry says it will be leveraging OCEAN’s DATUM Gateway software, … Read more
Imagine you’re in your house on a cool Saturday evening, and the power suddenly goes off. You think it’s a general issue until you look through your window and see that you’re the only one plunged into darkness. And for what reason? Your electricity units just got exhausted. Exhausting, right? Here’s the good news: paying … Read more
Bitcoin closed at $84,373.01 at the end of February 2025, with traders hopeful that BTC was poised to break through to new highs. Unfortunately, it slipped to $77,420.59 on March 10 before bouncing back to regain some momentum. Here is the Bitcoin price from March 1 to March 31, 2025 Date Open High Low Close … Read more