Dominance
‘Binance is the crypto market’: Arcane crowns the exchange 2022’s winner
During a year plagued by crises such as the collapse of FTX and Celsius, data shows that crypto exchange Binance has emerged as the clear “winner” of 2022 according to Arcane Research. A Jan. 3 report from Arcane highlighted that Binance saw its market dominance soar throughout 2022. As of Dec. 28 last year it had captured 92% of the Bitcoin (BTC) spot market and 61% of the BTC derivatives market by volume: “There are no other evident ‘winners’ of 2022 other than Binance when it comes to the crypto market structure and market dominance. No matter how you look at it in terms of trading activity, Binance is the crypto market.” Binance’s BTC spot market dominance was 45% at the start of 2022 meaning that it more than doubled, while its share of the BTC derivatives market increased by almost o...
Data suggests traders view $46,000 as Bitcoin’s final line in the sand
Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments. When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee (FOMC) meeting, which starts on Dec. 15. Investors are afraid that the Federal Reserve will eventually start tapering, which simply put, is a reduction of the Federal Reserve’s bond repurchasing program. The logic is that a revision of the current monetary policy would negatively impact riskier assets. While there’s no way to ascertain such a hypothesis, Bitcoin had a 67% year-to-date gain until Dec. 12. Therefore, it makes sense for investors to pocket those profits a...
Minister: Why Twitter, other platforms must register to operate in Nigeria
The Federal Government says its directive that Over the Top (OTT) and social media platforms operating in the country must register and obtain license to operate is in conformity with global trend. The Minister of Information and Culture, Alhaji Lai Mohammed, said this on Friday when he featured on Nigerian Television Authority (NTA) programme “Good Morning Nigeria’’ monitored by newsmen. NAN reports that the Federal Government recently suspended operations of Twitter and directed that all OTT and social media platforms operating in the country must register with Corporate Affairs Commission. The Federal Government said they must also apply for licensing with the National Broadcasting Commission ( NBC). NAN reports that OTT media service is a media service offered directly to viewers via t...
Robert Whittaker’s Saturday victory brightens rematch with Nigeria’s Israel Adesanya
In the main event of Saturday’s Ultimate Fighting Championship (UFC) Vegas 24, Robert “The Reaper” Whittaker, the New Zealand-born Australian professional mixed martial artist, scored a convincing 50-45 win on all three judges’ scorecards against Kelvin Gastelum, American professional mixed martial artist in the Middleweight division at the Apex facility in Las Vegas. In the early exchanges, Gastelum was aggressive and took control of the center of the Octagon. It was not what Whittaker wanted, so he quickly countered Gastelum, sending a message with a strong head kick that landed squarely. From then on, Whittaker established some of his dominance in the clash. Not long after, he showed he actually held the wrestling advantage as he took down the former collegiate wrestler and held him dow...
Manchester City close in on Premier League title with Leicester win
Manchester City took another significant step towards the Premier League title with a 2-0 victory at Leicester City. The visitors dominated from the off and thought they were ahead on five minutes. Fernandinho rifled a 35-yard strike into the bottom corner, but Sergio Aguero – who was appearing for the first time since his impending summer departure from City was announced – was deemed to be offside. Kevin de Bruyne then hit the crossbar with a stunning free kick before Leicester’s best moment saw Jamie Vardy’s strike ruled out for offside on the stroke of half time. The pattern of Man City dominance continued after the break and they deservedly took the lead on 58 minutes when Benjamin Mendy showed great composure to cut inside and place a low shot into the far corner. Gabriel Jesus made ...
Chioma Ubogagu scores first goal of the season for Real Madrid
Chioma Ubogagu scored her first goal in the 2020-21 Spanish Primera Iberdrola campaign as Real Madrid thrashed Espanyol 8-1 at Ciutat Esportiva Dani Jarque on Sunday. The 28-year-old had starred for the USA at youth level before playing for England at senior level thrice, albeit in friendlies, and still eligible to represent Nigeria due to the new Fifa eligibility rules. Having been handed her second start of the season, the England international put up an impressive display in front of goal as her side extend their winning streak in the Spanish top-flight. Las Blancas made a fantastic start to the encounter as Sofia Jakobsson’s perfect pass allowed Olga Carmona to score the opening goal for the visitors after just nine minutes. In the 33rd minute, Teresa Abelleira set up Ubogagu to double...
Senate threatens labour ministers over absence at hearing
The Senate Committee on Local Content has threatened to sanction the Ministers of Labour and Employment, Chris Ngige and Festus Keyamo, over their failure to appear at an investigative hearing on diving operations in the oil and gas industry. It also threatened to sanction the managing directors of international oil companies (IOCs) in Nigeria for the same reason. The IOCs MDs include ExxonMobil, Total and Chevron. The chairman of the committee, Teslim Folarin, said this at the hearing on Thursday after they all failed to show up for the event which was meant to review the challenges experienced by diving operators in the sector. The invitation followed a debate on a motion on the urgent need to ensure strict compliance with statutory regulations and provisions on Nigerian diving sector. P...
Fulham shock Leicester to go out of relegation zone
Fulham climbed out of the Premier League relegation zone after finally solving their penalty woes in a shock 2-1 win at Leicester on Monday. Scott Parker’s side won for just the second time in the league this season thanks to Ademola Lookman’s opener and Ivan Cavaleiro’s penalty. Fulham had missed three of their four previous penalties this term, but Cavaleiro held his nerve to convert from the spot for the crucial second goal. It was an emotional success for the Cottagers, with Lookman celebrating his goal by displaying one of Papa Bouba Diop’s Senegal shirts after Fulham’s former midfielder died aged 42 at the weekend. Harvey Barnes scored for Leicester in the closing minutes, but Fulham held on and move one point above the bottom three. It was only Fulham’s second away win in the past 2...
Manchester City ease into Champions League last 16
Manchester City booked their place in the last 16 of the Champions League but there were more concerns for Pep Guardiola over his side’s lack of ruthlessness in a 1-0 win at Olympiakos on Wednesday. Phil Foden’s low strike nine minutes before half-time ensured City deservedly kept up their 100 percent record in Europe this season. But a one-goal margin of victory was a scant reward for the visitors’ dominance even with a heavily-rotated side. Guardiola made five changes to the team beaten 2-0 at Tottenham on Saturday to see City off to their worst league start since the first few months of the club’s Abu Dhabi-backed ownership. Scoring goals has been City’s big problem in the Premier League, but they had scored three in each of their opening three Champions League wins over Porto, Marseill...
