Naija News Feed
Technology
Ethereum Staking Momentum Accelerates as Institutional and Whale Investors Lock Up More ETH
Ethereum staking continues to gain momentum as institutional investors and large crypto holders show little sign of slowing their commitment to the network. Despite ongoing market volatility, recent on-chain data suggests that confidence in Ethereum’s long-term value proposition remains strong, with hundreds of millions of dollars’ worth of ETH being moved into staking rather than […] The post Ethereum Staking Momentum Accelerates as Institutional and Whale Investors Lock Up More ETH appeared first on Tekedia.
Tekedia -
Binance Founder CZ Challenges the ‘Not Your Keys, Not Your Coins’ Narrative
For years, one of the most repeated principles in the cryptocurrency industry has been the phrase, “Not your keys, not your coins.” The saying has encouraged millions of Bitcoin holders to move their assets off centralized exchanges and into personal wallets where they control the private keys. Binance founder Changpeng Zhao has reignited the long-running […] The post Binance Founder CZ Challenges the ‘Not Your Keys, Not Your Coins’ Narrative appeared first on Tekedia.
Tekedia -
Snap Beats Revenue Estimates on World Cup Advertising Boom, AI-Driven Ad Platform Gains Traction
Third-quarter outlook tops expectations as advertiser demand strengthens, though user declines in North America and Europe highlight ongoing competitive pressures Snap delivered stronger-than-expected second-quarter results on Monday, buoyed by a surge in advertising spending linked to the FIFA World Cup and improving demand from major brands in North America. The results provide fresh evidence that […] The post Snap Beats Revenue Estimates on World Cup Advertising Boom, AI-Driven Ad Platform Gains Traction appeared first on Tekedia.
Tekedia -
Aswath Damodaran Warns AI Shakeout Will Favor Big Tech Giants
Artificial intelligence has become one of the most influential investment themes of the decade, driving unprecedented capital flows into technology companies of every size. Yet while enthusiasm remains high, some of Wall Street’s most respected valuation experts are warning that the industry is approaching a period of consolidation. Among them is Aswath Damodaran, the New […] The post Aswath Damodaran Warns AI Shakeout Will Favor Big Tech Giants appeared first on Tekedia.
Tekedia -
Global Markets Recover as Yen Stabilizes and Risk Appetite Returns
Markets entered the past week on edge as investors prepared for what many feared would be a dramatic unwinding of global risk assets. Much of the anxiety centered on the Japanese yen after the United States and Japan carried out their first coordinated currency intervention since 2011. The move was widely interpreted as an attempt […] The post Global Markets Recover as Yen Stabilizes and Risk Appetite Returns appeared first on Tekedia.
Tekedia -
The surveillance system that helped Nigeria curb piracy wants to fight banditry
TechCabal -
Oil Pares Gains As Qatar Pushes U.S.-Iran Diplomacy; Treasury Yields Rise While Gold Steadies On Fed Uncertainty
Oil prices surrendered much of their early gains on Tuesday after Qatar said diplomatic efforts to end the five-month U.S.-Iran war were continuing, easing immediate fears of a prolonged disruption to global crude supplies even as attacks on shipping in the Strait of Hormuz kept energy markets on edge. The mixed trading across oil, gold […] The post Oil Pares Gains As Qatar Pushes U.S.-Iran Diplomacy; Treasury Yields Rise While Gold Steadies On Fed Uncertainty appeared first on Tekedia.
Tekedia -
Here’s what a ₦1 million crypto trade could cost under Nigeria’s new tax rules 
TechCabal -
HSBC Beats Profit Forecasts, Announces $1bn Share Buyback, Raises Net Interest Income Outlook as Asia Wealth Boom Drives Growth
HSBC Holdings reported stronger-than-expected first-half earnings and upgraded its full-year net interest income outlook, as its pivot toward Asia’s wealth management and cross-border banking markets continues to generate robust returns. Europe’s largest lender posted pre-tax profit of $19.5 billion for the first six months of the year, a 23% increase from $15.8 billion a year […] The post HSBC Beats Profit Forecasts, Announces $1bn Share Buyback, Raises Net Interest Income Outlook as Asia Wealth Boom Drives Growth appeared first on Tekedia.
Tekedia -
55% of Americans Would Feel More Protected as Consumers If The CLARITY Act Passes – New Poll Reveals
A new national poll has revealed that a majority of Americans believe they would feel more protected as consumers if Congress passes the Digital Asset Market Clarity Act, commonly known as the CLARITY Act. As digital assets become more mainstream, many Americans are seeking clearer rules to boost confidence in the industry while safeguarding investors. […] The post 55% of Americans Would Feel More Protected as Consumers If The CLARITY Act Passes – New Poll Reveals appeared first on Tekedia.
Tekedia -
Rekt x FaZe Energy Drink Cans Arrive on Amazon, Expanding the Brand’s Reach
The gaming and creator economy continues to reshape consumer markets, and the latest milestone comes as Rekt’s collaboration with FaZe Clan officially lands on Amazon. The launch of Rekt x FaZe energy drink cans on the world’s largest online marketplace marks a significant step in the evolution of gaming-inspired consumer products. By moving beyond direct-to-consumer […] The post Rekt x FaZe Energy Drink Cans Arrive on Amazon, Expanding the Brand’s Reach appeared first on Tekedia.
Tekedia -
Nigeria Tightens Crypto Oversight With New Tax Rules for Digital Assets and Exchanges
Nigeria has taken one of its most significant steps toward regulating the digital asset economy, with the Nigeria Revenue Service (NRS) unveiling comprehensive guidelines that bring cryptocurrencies and other virtual assets firmly within the country’s tax framework. The new Guidelines on the Taxation of Virtual Assets, issued under the recently enacted Nigeria Tax Act and […] The post Nigeria Tightens Crypto Oversight With New Tax Rules for Digital Assets and Exchanges appeared first on Tekedia.
Tekedia -
 
 
Kwara AI Summit 2025 Concludes Successfully, Establishing Kwara as a Rising Hub for Artificial Intelligence in Africa
Kwara AI Summit 2025 Concludes Successfully, Establishing Kwara as a Rising Hub for Artificial Intelligence in Africa The inaugural Kwara AI Summit 2025 concluded successfully after two impactful days of innovation, collaboration, and forward-looking conversations,… TechCity
Tech City NG -
Festival Season Meets Football: How to Bet on the Game Without Leaving the Party
Festival season presents fabulous opportunities for engagement and fanfare. It’s a celebratory milieu coupled with artistic narratives and a wellspring of creative energy. This is hardly the appropriate time to be staring at a screen and ensconced in the digital realm. Indeed, festivities are the perfect counterbalance to solemnities; a convivial celebration and triumph of […] The post Festival Season Meets Football: How to Bet on the Game Without Leaving the Party appeared first on Tekedia.
Tekedia -
Remittix Markets Is Live, Giving Crypto Traders A New Perps Platform To Watch
Crypto traders have another perpetual futures platform to assess following the official launch of Remittix Markets. The new platform brings live perps trading into the RTX ecosystem, expanding Remittix beyond its original crypto-to-fiat payments focus. It also gives active traders a new way to interact with the project ahead of the official RTX token launch. […] The post Remittix Markets Is Live, Giving Crypto Traders A New Perps Platform To Watch appeared first on Tekedia.
Tekedia -
The Biggest Shift in Artificial Intelligence Is Not Technology
Artificial intelligence is often described as a race for smarter algorithms, faster computers, and more powerful models. Yet one of the most significant changes in the field has received far less attention. The real transformation is not only what AI can do, but who now has the power to shape its future. Evidence from a […] The post The Biggest Shift in Artificial Intelligence Is Not Technology appeared first on Tekedia.
Tekedia -
Yellow Card Raises $40M to Push Stablecoin Payments Into Banks
Tech In Africa -
Moove Becomes Africa’s Newest Unicorn After $250M Series C
Lagos-born mobility company Moove has crossed into unicorn territory, closing a $250 million Series C round that values the company at $2.1 billion. It is the largest single funding round raised by an African startup so far in 2026. Mubadala Investment Company led the round, with Woven Capital (Toyota’s growth fund) and Ion Pacific co-leading. […] The post Moove Becomes Africa’s Newest Unicorn After $250M Series C appeared first on Tech In Africa.
Tech In Africa -
Omowonuola Akintola wants Africa to build its geospatial future
TechCabal -
IHS shareholders back MTN’s bid for full ownership
TechCabal -
EXCLUSIVE: Kenya’s Cloud9 acquires Chpter less than a year after founders left 
TechCabal -
Oloolu and Wasilat: How Fear is Communicated and Contested
The controversy surrounding the Oloolu masquerade and Wasilat has become more than a cultural dispute in Ibadan. It has evolved into a national conversation about belief, tradition, authority, social media, and the power of fear. Beyond deciding who is right or wrong, the incident invites us to ask a more important question: how does fear […] The post Oloolu and Wasilat: How Fear is Communicated and Contested appeared first on Tekedia.
Tekedia -
👨🏿‍🚀TechCabal Daily – PalmPay eyes Hong Kong
TechCabal -
NTAC says technical assistance programme strengthens Nigeria’s global image
Key points Main Story The Nigerian Technical Aid Corps (NTAC) has said its technical assistance programme is strengthening Nigeria’s international image by deploying skilled professionals to support development and deepen diplomatic relations across Africa, the Caribbean and the Pacific. The Director-General of NTAC, Dr Yusuf-Buba Yakub, stated this on Tuesday in Abuja during a one-day […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
BizwatchNigeria -
 
 
SK Hynix Faces Fresh Labor Tensions As Union Rejects Stock-Based Bonus Proposal Amid AI-Driven Profit Boom
SK Hynix is facing renewed labor tensions as management and representatives of one of its South Korean unions entered a fifth round of negotiations on Tuesday over a lucrative bonus package. The talks, taking place at the company’s semiconductor manufacturing complex in Cheongju, center on a proposed overhaul of SK Hynix’s profit-sharing scheme after record […] The post SK Hynix Faces Fresh Labor Tensions As Union Rejects Stock-Based Bonus Proposal Amid AI-Driven Profit Boom appeared first on Tekedia.
Tekedia -
Trump Administration Plans Ban on New Chinese Data Center Components to Secure U.S. AI Infrastructure
The Trump administration is preparing new restrictions that would prohibit imports of new Chinese-made optical transceivers used in U.S. data centers, escalating Washington’s efforts to secure critical artificial intelligence infrastructure and reduce reliance on Chinese technology in strategic sectors. According to Reuters, the Federal Communications Commission is drafting a measure that would block imports of […] The post Trump Administration Plans Ban on New Chinese Data Center Components to Secure U.S. AI Infrastructure appeared first on Tekedia.
Tekedia -
OpenAI Rebuts Apple’s Trade Secrets Lawsuit, Says Internal Emails Undercut Key Allegations
The legal dispute between OpenAI and Apple intensified on Tuesday after OpenAI publicly rejected Apple’s trade secrets lawsuit, accusing the iPhone maker of filing a complaint riddled with factual inaccuracies and releasing email exchanges that it says undermine several of Apple’s central allegations. In a sharply worded blog post, OpenAI described Apple’s lawsuit as a […] The post OpenAI Rebuts Apple’s Trade Secrets Lawsuit, Says Internal Emails Undercut Key Allegations appeared first on Tekedia.
Tekedia -
Amazon’s Historic $3 Trillion Market Cap Reflects Investor Confidence in AI
Amazon has reached a historic financial milestone by surpassing a $3 trillion market capitalization for the first time, joining an exclusive group of the world’s most valuable publicly traded companies. The achievement underscores the company’s remarkable transformation from an online bookstore into a global technology powerhouse spanning e-commerce, cloud computing, artificial intelligence, digital advertising, logistics, […] The post Amazon’s Historic $3 Trillion Market Cap Reflects Investor Confidence in AI appeared first on Tekedia.
Tekedia -
Nigeria Approves $4.5bn NNPC Oil-Backed Refinancing To Strengthen Reserves, Ease Debt Burden
Nigeria’s National Economic Council (NEC) has approved a new $4.5 billion oil-backed pre-export financing facility for Nigerian National Petroleum Company Limited (NNPC Ltd.), replacing part of an existing arrangement with a larger and more flexible structure aimed at strengthening the country’s foreign exchange reserves, easing pressure on public finances and creating additional funding for infrastructure. […] The post Nigeria Approves $4.5bn NNPC Oil-Backed Refinancing To Strengthen Reserves, Ease Debt Burden appeared first on Tekedia.
Tekedia -
Franklin Templeton Joins Canton Network as Super Validator, Boosting Institutional Blockchain Adoption
Franklin Templeton has taken a significant step in its blockchain strategy by joining the Canton Network as a super validator, reinforcing the growing convergence between traditional finance and decentralized financial infrastructure. The move highlights the asset manager’s commitment to tokenization, blockchain-based settlement, and the modernization of capital markets. As one of the world’s largest investment […] The post Franklin Templeton Joins Canton Network as Super Validator, Boosting Institutional Blockchain Adoption appeared first on Tekedia.
Tekedia -
Apple Renews Legal Fight Against UK Over Encrypted Data Access As Privacy Battle Escalates
Apple has launched a fresh legal challenge against the U.K. government’s attempt to compel the company to provide access to encrypted data belonging to British users, reopening a high-profile dispute over privacy, national security and law enforcement powers. The latest case comes about a year after a previous confrontation between Apple and the U.K. government, […] The post Apple Renews Legal Fight Against UK Over Encrypted Data Access As Privacy Battle Escalates appeared first on Tekedia.
Tekedia -
Coldcard Hack Losses Top $100M, Telegram’s App Store Removal and Fomo’s Rise Reflects Crypto’s Rapidly Shifting Landscape
The cryptocurrency industry continues to experience a turbulent mix of security challenges, platform disruptions, and shifting user behavior. In the latest developments, losses linked to the Coldcard hardware wallet vulnerability have reportedly exceeded $100 million following additional waves of attacks, while Telegram briefly disappeared from Apple’s App Store before being reinstated. At the same time, […] The post Coldcard Hack Losses Top $100M, Telegram’s App Store Removal and Fomo’s Rise Reflects Crypto’s Rapidly Shifting Landscape appeared first on Tekedia.
Tekedia -
Why Russia Has Banned Cryptocurrency Mining in Moscow Until 2032
Russia has announced a sweeping ban on cryptocurrency mining in Moscow that will remain in effect until 2032, marking one of the country’s most significant interventions in the digital asset industry. The decision reflects the government’s growing concerns over electricity consumption, energy security, and the need to prioritize power supplies for households and critical industries. […] The post Why Russia Has Banned Cryptocurrency Mining in Moscow Until 2032 appeared first on Tekedia.
Tekedia -
Senate Omits CLARITY Act, Delaying US Crypto Regulation
The failure of the United States Senate to include the CLARITY Act in its legislative schedule has introduced fresh uncertainty for the cryptocurrency industry, which has been seeking a comprehensive regulatory framework for digital assets. While lawmakers continue to debate the future of blockchain innovation, the absence of the bill from the Senate’s agenda signals […] The post Senate Omits CLARITY Act, Delaying US Crypto Regulation appeared first on Tekedia.
Tekedia -
FBI Agent Accused of Stealing $1 Million in Cryptocurrency From Criminal Investigations
A federal law enforcement officer entrusted with investigating cybercrime now faces allegations of committing one of the very offenses he was sworn to combat. An FBI agent has been accused of stealing approximately $1 million worth of cryptocurrency that had been seized during investigations targeting cybercriminals and other adversaries. The case has sparked renewed concerns […] The post FBI Agent Accused of Stealing $1 Million in Cryptocurrency From Criminal Investigations appeared first on Tekedia.
Tekedia -
Palantir Says AI Is Rewriting Enterprise Software As Commercial Revenue Surges 149% With ‘A Minuscule And Shrinking Sales Head Count’
Palantir Technologies delivered another blockbuster quarter on Monday, strengthening its position as one of the biggest corporate beneficiaries of the artificial intelligence boom as Chief Executive Alex Karp said that the company’s explosive growth is proving that AI can fundamentally reshape how software companies operate. The data analytics and AI software company reported second-quarter results […] The post Palantir Says AI Is Rewriting Enterprise Software As Commercial Revenue Surges 149% With ‘A Minuscule And Shrinking Sales Head Count’ appeared first on Tekedia.
Tekedia -