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Nigerian crypto company Bundle Africa shuts down
News Tech

Nigerian crypto company Bundle Africa shuts down

A Nigerian Web3 and cryptocurrency company, Bundle Africa, announced its exchange platform will shut down in September 2023. As a result, the company will be able to concentrate on Cashlink, its peer-to-peer payment platform. “We will cease operations of exchange services as part of the Shareholders’ decision to restructure the business to focus on Cashlink,” […]

FTX sues Bankman-Fried, others over misappropriation of $1bn
Crypto

FTX sues Bankman-Fried, others over misappropriation of $1bn

In a high-stakes legal battle, FTX is on a mission to recover more than $1 billion that the company claims was misappropriated by its former CEO and Founder, Sam Bankman-Fried, along with other notable former executives. The allegations of financial misconduct have thrown the once-thriving crypto exchange into turmoil. The complaint, filed in a United […]

Amazon launches general-purpose AI agent Nova Act
News Tech

Amazon begins construction of $120m satellite hub

Amazon is constructing a $120 million processing centre at NASA’s Kennedy Space Centre in Florida for its thousands of envisioned Kuiper internet satellites. According to state officials, the 100,000-square-foot structure is a portion of the $10 billion that Amazon has promised to invest in its Kuiper project, a network of 3,200 low-Earth orbiting satellites intended […]

Toyota explores regenerative cell tech to power lunar power
News Tech

Toyota explores regenerative cell tech to power lunar power

Toyota Motor intends to deploy regenerative fuel cell technology to power a human lunar rover, the executives disclosed on Friday. They hinted at the possibility of exploiting the water ice on the moon as a source of energy in the future. Toyota and Japan’s space agency have been working together to create the Lunar Cruiser, […]

Mobility company inDrive expands into the US
News Tech

Mobility company inDrive expands into the US

inDrive, one of the top online ridesharing services, has expanded into the US market through South Florida. The innovative name-your-price business model of inDrive is now available to Americans. Customers and drivers will both be able to influence the pricing structure thanks to the model. Over 175 million mobile apps have been downloaded using inDrive […]

Twitter tests job posting feature for verified firms
News Tech

Twitter tests job posting feature for verified firms

It appears that Twitter is developing a tool that will let verified businesses on the site post job openings on their profiles. Despite the fact that Twitter hasn’t yet formally announced the job posts feature, some verified organisations have already had access to posting job openings beneath their Twitter bios on their profiles. According to […]

AfDB, FCMB to boost SMEs, women enterprisea with $50m
Investment

AfDB co-funds Mauritania-Mali $900m power project

The African Development Bank Group, has confirmed its commitment to support a $900 million multinational power transmission line between Mauritania and Mali, connecting 620,000 people to electricity.   The Bank, in a statement on its website, made the commitment with the partners at a roundtable in the Mauritania capital, Nouakchott.   It said the discussions […]

31.5 million Nigerians at risk of food crisis - Report
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Rice prices to increase as India bans product exports

The world’s biggest rice exporter, India has banned some overseas sales of the grain “with immediate effect”, in a move that could drive international prices even higher.   Rice is a major world food staple and prices on international markets have soared to decade highs as countries, especially, Nigeria, grappled with the Covid pandemic, the […]

FTX’s Founder SBF accused of witness tampering
News Tech

FTX’s Founder SBF accused of witness tampering

The founder of FTX, Sam Bankman-Fried, has been accused of witness tampering by American prosecutors, and they have sought a federal judge’s injunction prohibiting the former billionaire and other parties from speaking out in a way that would compromise the integrity of a fair trial. The prosecution referenced a New York Times article titled “Inside […]

Google implements new enhanced security features for users
News Tech

Google, Open AI others to watermark AI content for safety

The White House has accepted voluntary agreements from leading AI startups, including OpenAI, Alphabet, and Meta Platforms, to implement safety safeguards such as watermarking AI-generated content. Microsoft, together with Anthropic, Inflection, Amazon, and OpenAI, made a commitment to rigorously test systems before making them available as well as to share knowledge about ways to lower […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Dangote cement completes tranche I share buy-back program

Dangote Cement Plc has announced the conclusion of the first tranche of the share buy-back program, which lasted two days, from July 17th to 18th, 2023. The total number of shares repurchased, which represented 0.71% of the Company’s issued and fully paid ordinary shares, was 121,404,714 according to the company’s report, which was signed by […]

Bitcoin rebounds after Trump's news of new crypto to US reserve
Crypto

Bitcoin records slight drop as Altcoins fall behind Ether

On Friday, July 21, the crypto market witnessed a rollercoaster ride, with Gadgets 360’s price chart showing profits next to most cryptocurrencies. However, Bitcoin, the flagship digital asset, remained in a minor loss of 0.21 percent, trading below $30,000 for the second consecutive day, hovering at $29,878. In the last 24 hours, Bitcoin’s value dropped […]

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