Nigeria to Remove Naira from P2P Trading Platforms to Curb Currency Manipulation The Nigerian government has revealed intentions to delist the national currency, the Naira, from all peer-to-peer (P2P) trading platforms. Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC), reportedly revealed this plan during a virtual meeting with the country’s…
Welcome to the Wacky World of Coal Imports! The Surprising Rise of Russian Metallurgical Coal Imports Did you know that imports of metallurgical coal from Russia have skyrocketed in the last three years? It’s true! According to a research firm, these imports have increased three-fold to around 15.1 million tonnes in 2023-24. This unexpected surge…
The Rise of Coinbase in 2024 A Breakdown of Coinbase’s First Quarter Earnings In the first quarter of 2024, Coinbase reported a staggering $1.6 billion in revenue, marking a significant increase from $772 million in the same period the previous year. This growth can be attributed to the continued mainstream adoption of cryptocurrency and an…
SEC Postpones Decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF What Does This Mean for the Future of Cryptocurrency Investments? The United States Securities and Exchange Commission (SEC) has recently announced a delay in its decision regarding the 7RCC Spot Bitcoin and Carbon Credit Futures ETF. The ETF, which plans to invest 80%…
FTX Ex-Exec to Sell $5.9M Worth Bahamas Property, Ahead of May 28th Sentencing The FTX Saga Unfolds Further As the dust settles on the FTX controversy, a new development has emerged that sheds further light on the unfolding saga. Ryan Salame, the former co-chief executive of FTX Digital Markets, has agreed to transfer his $5.9…
Student Protests Escalate Over Gaza War Violence Erupts as Police Move In Recent student protests at more than 25 universities across the US have taken a turn for the worse as tensions rise over the ongoing conflict in Gaza. What started as peaceful demonstrations have now become violent clashes between protesters and law enforcement, with…
The Impact of the ISM Manufacturing Report on Businesses Prelim was 49.9, Prior was 51.9 The ISM manufacturing report is due at the top of the hour Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “Business conditions stagnated in April, failing to improve for the first time in four months and pointing…
Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison for AML Violations The downfall of a cryptocurrency giant Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been sentenced to four months in federal prison for violations of anti-money laundering laws. This shocking development comes after Zhao pled…
