Blog
Tether Claims Limited Exposure to Bank Linked to $84M Seizure by US Authorities
Tether has stated it had minimal exposure to EQIBank, which is under investigation for allegedly directing illegal transactions involving hundreds of millions of dollars. The stablecoin issuer confirmed that its assets at the bank represent only a tiny fraction of its total holdings.
Hsin-Ju Chuang, former Hack VC partner, dies at 37; ruled a suicide
Hsin-Ju Chuang, a notable figure in the crypto space and former partner at Hack VC, has died at 37, with authorities ruling her death a suicide. Chuang had previously held significant roles at Stellar and Solana and founded Dystopia Labs.
Bitget Updates Security Breach: $388M in Assets Affected
Bitget has revised the total assets impacted by its recent security breach to $388 million, up from $352 million. The exchange continues to pause withdrawals and has initiated a bounty program to recover the stolen funds.
Strategy Proposes Daily Dividends for Preferred Stocks, Following Strive's Lead
Strategy seeks shareholder approval to transition its preferred stocks to daily dividend payments, mirroring a move by Bitcoin treasury firm Strive. A vote is scheduled for October 28.
Wall Street and Crypto Clash Over Payments and Tokenized Assets
The line between traditional finance and crypto is blurring, as firms like Binance and major Canadian banks explore tokenized assets and stablecoins. This week's Crypto Biz highlights the competition for control in payments and asset management.
CBN Surpasses Q3 Target with N8.14 Trillion in Treasury Bills Auctions
The Central Bank of Nigeria raised N8.14 trillion in Treasury Bills auctions, exceeding its Q3 target by 40.34%. The surge was driven by high demand for 364-day bills, even as interest rates declined towards the end of the quarter.
Quickmart Leverages Supplier Relationships to Fuel Growth Without Bank Loans
Quickmart supermarket chain is utilizing favorable supplier terms to stock its stores, successfully bypassing traditional bank financing for working capital needs.
SlowMist Investigates iPhone Safari Attack; No Confirmed Crypto Theft Yet
SlowMist is investigating a recent iPhone Safari attack that could expose crypto keys, but has yet to confirm any theft. Users are urged to update their iOS for security.
CoinMarketCap Acquires CoinGlass to Enhance Crypto Derivatives Insights
CoinMarketCap has acquired CoinGlass, a crypto derivatives data platform, to enhance its offerings. CoinGlass will maintain its brand and operations, providing users with valuable insights into leveraged trading across major exchanges.
CBN Sees 40 Million Nigerians with Disabilities as Key Fintech Opportunity
The Central Bank of Nigeria has identified 40 million Nigerians with disabilities as an untapped market for fintech solutions, urging companies to innovate and address their unique financial needs.
IBIT Options Show Calm After Bitcoin's Recent Rebound
IBIT options are reflecting lower expected volatility following Bitcoin's recent price surge, according to Saxo Bank. The implied volatility is near its 12-month low, suggesting traders anticipate calmer conditions ahead.
Seplat and Aradel Energy Drive Bullish Momentum in Nigeria's Stock Market
Investor enthusiasm for Seplat Energy and Aradel Holdings is surging, fueled by rising crude oil prices and strong earnings, boosting the Nigerian stock market's performance.