What is Spot Purchase and How Does It Work?
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 Acquires 70% Controlling Stake in Adecoagro
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 Achimugu: The Nigerian Government Contractor Who Allegedly Operates 136 Bank Accounts
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 Publishes First Official Attestation Report Amid XAU₮ Astronomical Growth
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
CBEX Promoter, Adefowora Abiodun, Surrenders to EFCC
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
Panama City Residents Can Now Pay Taxes in Crypto
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 blocks KuCoin, 14 other crypto exchanges for violation
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
From Racksterli to CBEX: Full List of Ponzi Schemes Where Nigerians Have Lost Billions of Naira
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
CBEX Crash: 60 Ponzi Investments to Avoid in Nigeria
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
Decentralized Bitcoin Mining Pool: Tether to Deploy Hashrate on OCEAN
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
Top 6 Platforms to Pay Electricity Bills Online in Nigeria in 2025
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 Price for March 2025: The Month BTC Dropped Below $80K
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
Profile: Bayo Ojulari, The Kwara Man in Charge of Controversial NNPC Limited
Engr. Bayo Bashir Ojulari was appointed as the 20th head of Nigeria’s state-owned oil firm on April 2, 2025, following the president’s decision to sack Mele Kyari and dissolve the board of the Nigerian National Petroleum Company Limited (NNPC Limited). To some analysts, Kyari had overstayed his tenure, given the inefficiencies that plagued NNPC Limited, … Read more
T3 FCU Freezes $9 Million Linked to Bybit Hack
T3 Financial Crime Unit (T3 FCU) has intercepted and frozen $9,000,000 in fraudulent digital assets linked to the recent Bybit hack, Tether announced in a statement Wednesday, March 26, 2025. T3 FCU was founded in September 2024 through the collaborative efforts of Tether, TRON, and TRM Labs with the aim of tracking illicit digital assets … Read more
Is Pi Coin a Safe Investment?
The gains Pi Coin made a couple of weeks ago have been wiped out by turbulence in the crypto market. It recently crashed from being the 11th largest digital asset, with a market capitalization of $13,648,417,003, to the 15th position (on March 8, 2025), and is presently in No. 27th position (May 5, 2025). What … Read more