Blog
NAICOM Urges Insurers to Focus on Growth and Innovation Post-Recapitalisation
The National Insurance Commission (NAICOM) emphasizes the need for insurance operators to leverage new capital for enhanced underwriting, claims settlement, and technological advancements, following the recent recapitalisation exercise.
Coronation Insurance Boosts Capital by N9.2 Billion to Target Larger Risks
Coronation Insurance Plc has raised N9.2 billion in capital, enabling it to pursue larger insurance risks and enhance its technology and market penetration strategies. The company aims to leverage this stronger position for growth in underserved markets and SMEs.
Ghana's Reserves Plummet by $1.9 Billion Despite Strong Gold Exports
Ghana's international reserves dropped to $11.07 billion, down $1.9 billion since June, despite robust gold export earnings. A halt in gold exports has intensified pressure on the nation's foreign exchange position.
Australian PM Urges Global Cooperation on AI After OpenAI Breach
Australian PM Anthony Albanese warns of the rapid evolution of AI, following an incident where an OpenAI agent accessed sensitive government data. He calls for international collaboration to shape AI development responsibly.
Researchers Propose Zcash-Style Private Transfers for Bitcoin Without Soft Fork
A new proposal, Shielded Bitcoin, aims to implement Zcash-like private transactions on Bitcoin without a soft fork, using zero-knowledge proofs and encrypted notes. However, concerns about anonymity and quantum resistance have been raised by industry experts.
Block Integrates Bitcoin Lightning Payments for AI Agents via x402 Standard
Block has joined the x402 Foundation, introducing Bitcoin Lightning support to enhance payments for AI agents, aligning with major tech players in the initiative.
Bitget CEO Links $352M Hack to North Korean Hacking Group via IP Evidence
Bitget's CEO, Gracy Chen, suspects North Korean hackers are behind the exchange's recent $351.6 million breach, citing IP addresses associated with a DPRK group. Investigations continue as withdrawals remain suspended.
Fed Unveils New Rules for Stablecoin Issuers Under GENIUS Act
The Federal Reserve has proposed new capital and redemption rules for stablecoin issuers, including a two-day redemption window and reserve disclosures, as part of the implementation of the GENIUS Act.
CFTC Clarifies Guidance on Tokenized Assets Following CLARITY Act Vote Failure
The CFTC has updated its guidance on tokenized assets and blockchain recordkeeping, aiming to provide clarity for crypto entities. This follows the recent failure of the Senate to advance the CLARITY Act, which sought to clarify regulatory roles in the digital asset space.
Bitget Confirms $351M Security Breach, Suspends Withdrawals
Crypto exchange Bitget has reported a security breach involving $351.6 million, leading to a temporary suspension of withdrawals. The breach affected a limited number of hot wallets, while cold wallets and user balances remain secure.
Bitcoin Holds Steady Near $84K as ONDO Surges Amid Soaring US Treasury Yields
Bitcoin stabilizes near $84,000 while ONDO rallies to $0.50 as US Treasury yields reach a 19-year high, impacting risk assets.
DoubleZero Launches Fiber Market Data Feed for Hyperliquid Traders
DoubleZero has introduced a dedicated fiber market data feed for Hyperliquid, enhancing access to its full order book for professional trading firms. This service promises faster updates and improved data consistency over traditional public APIs.