London, Oct. 14, 2025 – Cryptocurrencies continued to lose ground after a historic round of liquidations that triggered a sharp selloff over the weekend. Bitcoin, the largest digital asset by market value, slumped as much as 3.75% to about $111,500 on Tuesday morning in London, while Ether fell 7.5% to below $4,000, according to data compiled by Bloomberg. Smaller, more volatile tokens sank further still, dragging the combined market value of all cryptocurrencies down by more than $150 billion over a 24-hour period, according to CoinGecko data. The slide …
Bitcoin hits record high amid U.S. fiscal uncertainty
Washington, Oct. 6, 2025 – Bitcoin surged to a new record on Sunday, climbing past $125,000 as investors sought safe havens amid mounting concerns over a potential U.S. government shutdown. The cryptocurrency reached $125,689, surpassing its previous all-time high of $124,500 recorded in August, according to Bloomberg. Analysts said the rally was supported by broader market optimism, with U.S. stocks also rising as lawmakers in Washington continued tense negotiations over federal funding. “With multiple assets, including equities, gold, and even collectibles like Pokémon cards, reaching unprecedented highs, it’s not …
Trump unveils gold, platinum visas to cost up to $5 million
Washington, Sept. 21, 2025 – President Donald Trump announced a new visa program for the world’s wealthy, a much-anticipated effort to encourage them to immigrate to the US by offering residency permits for a hefty price tag. “They’re going to spend a lot of money to come in,” Trump told reporters Friday in the Oval Office as he signed the order to create the visa program. “It’s going to raise billions of dollars, billions and billions of dollars, which is going to go to reduce taxes, pay off debt and …
Trump’s sons land $5b fortune after taking massive crypto gamble
Washington, Sep. 2, 2025 – Donald Trump’s sons have made a new fortune of around $5 billion after launching a bitcoin mining venture. Don Jr., Eric and Barron are co-founders of World Liberty Financial Investments which launched as a way for the three brothers and their partners to allow people to access financial services using cryptocurrencies and without intermediaries like banks. The venture opened for public trading on Monday and it gained WLFI $5billion in paper wealth, making it likely the Trump family’s most valuable asset, WSJ reported. The co-founders include …
Zuma urges Africa to adopt single currency for economic independence
Accra, Aug. 21, 2025 – Former South African President Jacob Zuma has called on African nations to purue a unified currency to strengthen intra-continental trade and economic sovereignty. Addressing the 2025 Annual Leadership Lecture at the University of Professional Studies, Accra (UPSA), Zuma declared, “One Africa, one currency, one destiny,” warning that continued reliance on the dollar undermined Africa’s autonomy and perpetuates colonial structures. Speaking on the theme “The Geopolitics and Geo-economics of De-dollarisation: BRICS+ Currency Strategy, Lessons for Africa’s Common Currency and Beyond,” Zuma urged the continent to harness …
Naira depreciates at official market on Wednesday, closing at N1,537.99 to dollar
Lagos, Aug. 21, 2025 – The Nigerian currency, Naira, fell against the dollar at the official segment of the foreign exchange market on Wednesday, closing at N1,537.990 to the dollar. The official exchange rate at the market on Tuesday was N1,534.5000 to the dollar. Bid rates quoted by traders in the market on Wednesday ranged between N1,534.0000 and N1,535.5000 to the dollar. The depreciation of the naira in the market on Wednesday was due to increasing demand for foreign exchange in spite of the $160 million injected into the market …
China considering yuan-backed stablecoins to boost global currency usage
Beijing, Aug. 21, 2025 – China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The State Council – China’s cabinet – will review and possibly approve a roadmap later this month for the greater usage of the currency globally, including catching up with a U.S. push on stablecoins, said the sources. China’s plan for the usage of stablecoins, if approved, would mark …
Bitcoin hits record high above $124,000
Pakistan, Aug. 15, 2025 – Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable US legislation and a rise in US equities. The cryptocurrency rose above its previous July record, briefly exceeding $124,500 before retreating. US stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency’s rise. Bitcoin’s value has recently soared, fuelled by US regulatory changes under US President Donald Trump, a strong backer of the crypto sector. Its price …
Naira stabilises at between N1,550 and N1,556 to dollar at black market
Lagos, Aug. 15, 2025 – The Nigerian currency, the Naira, is still being traded at the black market in Lagos between N1,560 and N1,550 to the dollar on Friday. The exchange rates have remained within the band in the last few days, which traders attribute to the scarcity of foreign exchange in the market. The $180 million dollars injected into the official market by the Central Bank of Nigeria (CBN) last week has had minimal impact on the exchange rate. Meanwhile, the naira appreciated slightly against the dollar at the …
Bitcoin hits record high above $124,000
Pakistan, Aug. 15, 2025 – Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable US legislation and a rise in US equities. The cryptocurrency rose above its previous July record, briefly exceeding $124,500 before retreating. US stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency’s rise. Bitcoin’s value has recently soared, fuelled by US regulatory changes under US President Donald Trump, a strong backer of the crypto sector. Its price …