Blog
New Tax Order: Late Payments Now Linked to Market Rates Starting 2026
Starting October 1, 2026, late tax payments in Nigeria will incur interest linked to market rates, as per a new Federal Government order aimed at promoting timely compliance and reducing public borrowing costs.
IBM Launches Beta Link for 24/7 Tokenized Deposits on Swift Ledger
IBM has introduced a beta link allowing banks to manage tokenized deposit transfers on Swift’s blockchain ledger using existing payment systems, enhancing digital asset operations for financial institutions.
Mauritius Bank Secures $6.5M Debt Recovery from Kenyan Oil Firm
The High Court has ruled in favor of Mauritius Commercial Bank, allowing it to recover a $6.5 million debt from Jade Petroleum Limited after a protracted legal battle linked to Imperial Bank's collapse.
Kenya Re to Assess East Africa's Flood and Earthquake Risks
Kenya Reinsurance Corporation aims to map flood and earthquake risks in East Africa, focusing on Kenya, as extreme weather poses growing challenges for insurers.
SGR Revenue Soars to Sh11.6 Billion in H1 2026 Driven by Increased Traffic
The Standard Gauge Railway (SGR) in Kenya reported a revenue increase to Sh11.6 billion in the first half of 2026, fueled by a 14.6% rise in passenger traffic.
Solana Foundation Expands Team with Ex-Binance CMO and Payments Executive
The Solana Foundation has appointed Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payments to enhance institutional partnerships and focus on stablecoins, following recent strategic expansions.
Institutions Maintain Crypto Holdings Amid Market Drawdown, Bitwise Reports
A recent Bitwise report reveals that none of the 15 institutions surveyed sold their crypto assets during a 50% market decline, with Bitcoin remaining the favored investment. Concerns over regulatory issues and market credibility were cited as potential triggers for selling.
Bitcoin ETFs See $347M Inflows as BTC Dips Below $84K After Peak
Bitcoin ETFs attracted $347 million in inflows on Wednesday, even as BTC slipped below $84,000 after reaching over $87,000. Cumulative inflows for the week hit $2.65 billion, with BlackRock's ETF leading the charge.
Bitcoin Dips Below $84K as 10-Year Treasury Yield Reaches 19-Year High
Bitcoin fell to $83,200 amid rising Treasury yields, with a 75% chance of a Fed rate hike looming. Analysts note that while Bitcoin has historically performed well in October, current market conditions may pose challenges.
Kalshi Defends $5B Ether Trades Amid CFTC Scrutiny, Denies Wash Trading Claims
Kalshi reported nearly $5 billion in Ether perpetual trades, attributing the activity to liquidity incentives and asserting that the CFTC has not contacted them regarding any investigation into wash trading allegations.
US Government Considers Boosting Dollar-Backed Stablecoins Internationally
The US is reportedly exploring initiatives to promote dollar-backed stablecoins abroad, aiming to strengthen the dollar's global dominance. This effort could involve partnerships with private companies and various federal agencies.
StarkWare Cuts Quantum-Safe Bitcoin Transaction Costs by 79% to $67
StarkWare has reduced the cost of preparing quantum-resistant Bitcoin transactions to under $67, down from $320, following a weeklong optimization challenge. This makes the emergency solution more accessible for Bitcoin holders concerned about quantum attacks.