By Patricia Kowsmann and Caitlin Ostroff The world’s largest crypto exchange has no headquarters, making it difficult for disgruntled traders to complain about the May crash China’s recent warning on cryptocurrency sent the market in a tailspin. WSJ’s Aaron Back explains why the recent shake-ups in the value of bitcoin, dogecoin, ether and other cryptocurrencies may point to obstacles in mainstream acceptance. By Patricia Kowsmann and Caitlin Ostroff Anand Singhal built up $50,000 in savings from the time he was 13 doing freelance coding from his bedroom in New Delhi. It was meant to pay for a dream—a master’s degree…
Author: Editor
The United States of America’s Federal Bureau of Investigations, FBI, has declared six Nigerians most wanted. They were declared wanted for a cyber crime that swindled 70 U.S. businesses to the tune of $6 million. Those declared by the FBI are Michael Olorunyomi, Richard Izuchukwu Uzuh, Alex Afolabi Ogunsakin, Felix Osilama Okpoh, Abiola Ayorinde Kayode and Nnamdi Orson Benson. The Bureau accused them of executing a business email compromise scheme that defrauded over 70 different businesses in the U.S., resulting in combined losses of over $6 million. The gang’s leader, Uzuh is reported to have taken refuge in Nigeria since…
Sokoto state governor, Aminu Tambuwal has advised the Academic Staff Union of Universities, ASUU, to deploy better ways of engaging governments to press home its demands because strikes were out-fashioned. He handed the advise when he received the newly elected officials of the Sokoto State University chapter of the union on Thursday. The governor appealed to the union, to develop other skills of negotiations, other than strikes, geared towards arriving at consensus and common ground between it and governments. According to him, strikes affect the general economic of well-being of the university, states and the country at large. He congratulated…
Sokoto state governor, Aminu Tambuwal has reiterated call on Nigerian citizens to avoid playing politics with the security situation in the country in general. He made the reiteration when he received Sultan Sa’ad Abubakar, who paid him a traditional Sallah homage at the Government Lodge, Sokoto on Wednesday. Tambuwal stressed the need for the people of the state to collaborate with each other irrespective of political differences, in order to curtail the security challenges in the state. The governor also charged the people to be vigilant about the activities of informants who give information to bandits in their domains. According…
The Tokyo Olympics were opened on Friday a year behind schedule by Japan’s Emperor Naruhito and tennis star Naomi Osaka lit the cauldron in the culmination of a low-key ceremony. The event was in an all-but-empty stadium against the backdrop of the coronavirus. The emperor and other dignitaries wore face masks just as the athletes and most others involved in the three-and-a-half hour show likely watched by billions around the world on television. A minute’s silence was observed for the victims of the pandemic which had forced the first-ever postponement of an Olympics by one year. Groups of protesters gathered…
Sweden is gradually phasing out the use of the COVID-19 vaccine produced by the British-Swedish pharmaceutical company AstraZeneca. As the health authority announced on Friday, 89 per cent of people over 65 the population group that has mainly received AstraZeneca in Sweden were now fully vaccinated. For this reason, the authority has decided to stop distributing the drug to the individual regions of the Scandinavian EU country, thus gradually phasing out its use. The regions that still have AstraZeneca vaccine in stock can therefore either use it or the versions from BioNTech/Pfizer and Moderna. Some of the remaining AstraZeneca doses…
Cross River Commissioner for Health, Dr Betta Edu, on Friday said that about 40,000 people had received the second jab of the AstraZeneca COVID-19 vaccine in the state before it was exhausted. Edu said this in an interview in Calabar. The commissioner noted that about 50,000 people only in the state had received the first jab of the vaccine. The state on March 10, 2021 received 53,840 doses of the AstraZeneca COVID-19 vaccines from the federal government. The commissioner also the Chairperson of Commissioners for Health in Nigeria said the number became possible because there was a lot of redeployment…
A visually impaired newspaper vendor, Mr Hakeem Olukerede, has appealed to corporate organisations and philanthropists for financial assistance to treat Glaucoma. The 50-year-old vendor, who operates around Gowon Estate, Egbeda, Lagos State, said on Friday that the assistance would help him to get treatment and return to his furniture business. “I don’t like the newspaper business because the stress is too much for me with my condition. “But I don’t have any option for now and I don’t want to sit at home because if I sit at home, I will be full of worries. “Actually, this is not my…
The UN Food and Agriculture Organisation (FAO), has called on the world’s richest countries to invest more on sustainable living, to ensure food security for the world’s growing population. FAO Director-General, Qu Dongyu, who made the appeal to G20 (Group of 20) environment ministers on Thursday, highlighted the challenge of having to produce more food, while reducing greenhouse gas emissions. “Today, humanity faces a triple planetary crisis of biodiversity loss, climate crisis and the impact of the pandemic (COVID-19). “To have healthy food, we need a healthy environment,” Dongyu said. The FAO chief also spoke of the need to address…
Nigeria’s Esther Toko could only qualify for the repechage stage of the women’s single sculls event in the rowing competition at the Tokyo Olympic Games on Friday. Toko who was on lane five of the six-woman heat one of the event’s opening round at Sea Forest Waterway could only finish fifth in eight minutes 58.49 seconds. The 21-year-old was 1:08.78 behind fourth-placed Alejandra Alonso of Paraguay (8:11.88) and 2:28.56 ahead of Esraa Khogali of Sudan (10:18.27). But all three rowers could only qualify for the classification series, after the first three rowers in the heat had clinched the tickets to…