Collapse
FTX collapse won’t impact everyday use of crypto in Brazil: Transfero CEO
The crumbling of the FTX crypto empire may have damaged Brazilian retail and institutional sentiment toward crypto. However, its impact won’t affect everyday citizens — who will still use crypto for cross-border transactions. Reflecting on the recent fall of FTX, Thiago César, the CEO of fiat on-ramp provider Transfero Group said that the exchange’s fall, like in many countries around the world, has hurt confidence around centralized crypto exchanges and crypto in general. Transfero Group is tied in closely with the Brazilian crypto ecosystem and FTX as it was the fiat on-and-off-ramp provider for the exchange and is also the issuer of Brazilian Stablecoin BRZ, which was listed on the now-defunct exchange. César told Cointelegraph that the collapse of the exchange had removed a...
FTX will be the last giant to fall this cycle: Hedge fund co-founder
While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cycle. CK Zheng, the former head of valuation risk at Credit Suisse and now co-founder of crypto hedge fund ZX Squared Capital said that FTX’s fall was part of a “deleveraging process” that began after the COVID-19 pandemic and further accelerated after the fall of Terra Luna Classic (LUNC), formerly Terra (LUNA). “When LUNA blew up a few months ago, I expected a huge amount of deleveraging process to kick in,” said Zheng, who then speculated that FTX should be last of the “bigger” players to get “cleaned up” during this cycle. Before its collapse, FTX was the third largest crypto exch...
Dilapidated Bridge Along Minna-Bida Collapses
Share 1 Whatsapp reddit Tweet 0 1Shares The dilapidated bridge on Bida-Minna Road has finally collapsed at Sagamio Farms, about 23 kilometres from Bida and 60 kilometres from Minna thereby cutting off the two major towns in Niger State. LEADERSHIP gathered that the collapse of the bridge was as a result of the torrential rainfall across the state for the past five days. .u0a39dffc97520428982ac8f9a4810712 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0...
Cuba blames unrest on U.S. interference as Joe Biden backs protests
Cuba blamed historic protests that took place over the weekend on U.S. “economic asphyxiation” and social media campaigns by a minority of U.S.-financed counter-revolutionaries, while U.S. President Joe Biden said he stood with the Cuban people. The streets of Havana were quiet on Monday, although there was a heavy police presence. Outages in mobile internet – the only way many Cubans have of accessing the web – were frequent. Chanting “freedom” and calling for President Miguel Diaz-Canel to step down, thousands of Cubans joined street protests here from Havana to Santiago on Sunday in the biggest anti-government demonstrations on the Communist-run island in decades. At least 80 protesters, activists, and independent journalists had been detained nationwide since Sunday, according to exile...
Lagos marks 70 houses for demolition, 20 on the Island
The Lagos State Building Control Agency (LASBCA) said it is set to demolish 70 distressed buildings in the state. Twenty of the buildings are on Lagos Island. The agency made this known after bulldozing a partially collapsed house at 19 Church Street on the Island. LASBCA spokesman, Mr Gbadeyan Abdulraheem, said the General Manager of the agency Mr Gbolahan Oki, supervised the demolition. Oki said it has became an urgency to immediately remove the dilapidated and distressed building, which were no longer fit for human habitation, to prevent collapse. He said many defective buildings had been marked for removal in a bid to end the era of building collapses. Oki noted that his team had earlier visited the distressed buildings to get an on the spot assessment and asked the residents to reloca...
Euro 2020: Denmark fairytale goes on as Welsh crash out
Wales’ Euro 2020 dream is over after Kasper Dolberg’s double helped Denmark cruise into the quarter-finals with a thumping 4-0 victory in Amsterdam. The Danish campaign began in traumatic cirucmstances after Christian Eriksen’s collapse but they have bounced back superbly and produced a dominant display as Wales crashed out with a whimper. Dolberg stuck opened the scoring midway through the first-half and then doubled the lead immediately after the restart, with Joakim Maehle sealing the win late on before Martin Braithwaite capped the rout in stoppage time. Wales also had Harry Wilson sent off in the final minute as their campaign came to a sorry end. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating ...
Jamiu Abiola: MKO, Kudirat died in vain if Nigeria’s democracy collapses
Getty Images Son of Chief MKO Abiola, winner of the 1993 presidential election, Alhaji Jamiu Abiola has floated a foundation named after his mother, Alhaja Kudirat Abiola to work for peace and unity of Nigeria in the face of agitations for secession. Jamiu Abiola said it would mean that his parents, Alhaja Kudirat and Chief MKO Abiola died in vain if Nigeria or its democracy collapse. He spoke in Zaria, Kaduna State on Saturday while launching the Kudirat Abiola Sabon Gari Peace Foundation in memory of his Zaria-born mother, who was assassinated on the 4th June 1996. Alhaji Jamiu Abiola who is the Chairman of the Foundation said, it was founded to work against the forces trying to bring Nigeria down, adding that the creation of Nigeria by God was not a mistake and the country has gone too ...
Danish players criticise decision to resume game after Christian Eriksen collapse
Denmark’s goalkeeper Kasper Schmeichel and striker Martin Braithwaite on Monday lamented that they had to choose whether to restart the Denmark-Finland Euro 2020 match while they were reeling from Christian Eriksen’s mid-game collapse. “We were put in a position, that I personally feel that we shouldn’t have been put in,” Schmeichel told Danish media at a press event in Helsingor north of Copenhagen. “We had two options,” Schmeichel explained. “Either come back the day after (Sunday) at noon or continue the game.” The Leicester City goalkeeper said he wished someone more senior would’ve said “that it wasn’t the time to take that decision, and that we should maybe wait until the day after to decide”. “What has happened has happened, and hopefully they’ll learn from this,” Schmeichel said, a...
Denmark give fresh update on Christian Eriksen following collapse in Euro 2020 opener
Denmark have given a fresh update on Christian Eriksen’s condition following his collapse in their Euro 2020 opener. Eriksen fell to the turf in the first half of Denmark’s Group B clash with Ukraine at the Parken Stadium in Copenhagen on Saturday afternoon, and subsequently needed emergency medical treatment. The match was suspended after the midfielder was removed from the stadium on a stretcher and sent to hospital, where he was later revealed to be awake and in a stable physical state. The Danish Football Association (DBU) have now released a statement confirming that Eriksen will remain hospitalised to undergo more tests, but he has been in contact with the national team staff and his team-mates. “This morning we have spoken to Christian Eriksen, who has sent his greetings to his team...
Minister: Nigeria’s earlier break-up prediction failed, others will
Information minister Lai Mohammed says a prediction that Nigeria would break up in 2015 did not materialise, asserting that current predictions by individuals and organisations will also fail. A former U.S. ambassador to Nigeria, John Campbell, and one other expert had suggested that Nigeria had become a failed state calling on the U.S. government to step to salvage the country from total collapse. Mr Mohammed stated, “This declaration is merely the opinions of two persons, former U.S. Ambassador to Nigeria and a Senior Fellow at the Council on Foreign Relations John Campbell, and the President Emeritus of World Peace Foundation, Robert Rotberg. “Declaring any nation a failed state is not done at the whims and caprices of one or two persons, no matter their status. Just because Nigeria is ...
Rivers governor accuses predecessor of embezzling proceeds from aircraft, power projects
Rivers State Governor Nyesom Wike has accused the Minister of Transportation, Chibuike Amaechi, of embezzlement of proceeds from the sales of the state aircraft and power stations. The governor offered to resign from office if Amaechi could mention any federal project he has attracted to Rivers State as a minister since 2015. Governor Wike made the remarks at the formal defection of two former chairmen of All Progressives Congress (APC) in Rivers State, Dr Davies Ikanya and Igo Aguma, as well as other chieftains of the opposition to the People’s Democratic Party (PDP) in Port Harcourt on Saturday. The governor explained that Amaechi, the former governor, had claimed he sold a Dash 8 aircraft purchased by the administration of former Governor Dr Peter Odili to the Government of Cross River ...
Danish players criticise decision to resume game after Christian Eriksen collapse
Denmark’s goalkeeper Kasper Schmeichel and striker Martin Braithwaite on Monday lamented that they had to choose whether to restart the Denmark-Finland Euro 2020 match while they were reeling from Christian Eriksen’s mid-game collapse. “We were put in a position, that I personally feel that we shouldn’t have been put in,” Schmeichel told Danish media at a press event in Helsingor north of Copenhagen. “We had two options,” Schmeichel explained. “Either come back the day after (Sunday) at noon or continue the game.” The Leicester City goalkeeper said he wished someone more senior would’ve said “that it wasn’t the time to take that decision, and that we should maybe wait until the day after to decide”. “What has happened has happened, and hopefully they’ll learn from this,” Schmeichel said, a...