Opeyemi Quadri One of the largest cryptocurrency exchange Binance has sued Forbes for a misleading article leading to “millions of dollars” in losses. Filing the lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, Binance claimed that “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To … Read more
PayString may soon become Ripple’s new payment service considering the newest trademark application filed by the San Francisco-based blockchain firm. The report revealed that Ripple registered PayString as a trademark at with the U.S. Patent and Trademark Office (USPTO) late last week. The name is classified in the U.S. under the general categories “Advertising and … Read more
Some Nigerians who abandoned their crypto portfolio are back on trading following the latest surge in the price of bitcoin. It isn’t just Nigeria, the trend started when BTC surpassed $10K a few months ago, some Indians are doing the same. In crypto forum, telegram group which was created by one of Nigeria-based crypto platform, … Read more
With BitPay Send, you can now make payment globally without having to buy, own or manage cryptocurrency. BitPay Chief Executive Officer Stephen Pair described the idea as a “big attraction for businesses” around the World. He said BitPay Send was birthed to remove the cumbersome associated with the traditional international payment methods which could take … Read more
Ripple is now worth $10 billion, making it the fourth-largest financial technology (FinTech) firm in the world. Out of the 66 FinTech firms that were assessed, the San Francisco-based Ripple was among the top five, coming behind Stripe, Shanghai-based Lufax, and India-based Paytm One97. In the rating, Stripe is valued at $36 billion, Lufax is worth $39.4 … Read more
Nigeria’s foreign exchange reserves have fallen to $35.63 billion, should investors be worried? The latest from the Central Bank of Nigeria (CBN) has shown Nigeria’s FX has declined, indicating the lowest level since August 2020. Nigeria’s reserves have not been impressive since the outbreak of COVID-19 pandemic. In October 28, it declined to $35.69bn from $35.74bn … Read more
PayPal announcement today that its U.S residents can buy cryptocurrencies directly within the payment platform sends a big signal to the crypto world about the acceleration of adoption of the digital coin. The latest announcement gives PayPal customers who are US-based to buy, hold and sell only four cryptocurrencies at the moment, the firm says … Read more
The Catholic Bishop of Sokoto Diocese, Bishop Matthew Hassan Kukah, said Nigeria’s political atmosphere favours criminality. He bemoaned a situation whereby the system rejects certain persons and likened it to “cashing a dud cheque.” Kukah said Nigeria will continue to experience bad governance if the status quo remains the same, “Our atmosphere favours criminality and … Read more
The chairman of Samsung Electronics Lee Kun-hee, has died early Sunday morning at the age of 78. Lee was South Korea’s richest and most powerful industrialist. Kun-hee who transformed the South Korean firm into the world’s largest producer of smartphones and memory chips, was once convicted of criminal offences, in one case bribing a president. A statement by Samsung … Read more
SARS is a special unit in the Nigeria Police Force which means Special Anti-Robbery Squad. It was created to reduce the incidence of robbery across Nigeria. However, officers of the unit turned themselves to blood-sucking vampires. They rob innocent citizens of their possession, harass anyone who asks a question and they engage in extra-judicial killings. … Read more