RAMP
Ramp expands presence in US with FinCEN regulation
On Tuesday, crypto-fiat gateway payments platform Ramp announced that its U.S. subsidiary Ramp Swaps LLC had received its registration as a Money Service Business with the Department of Treasury’s Financial Crimes Enforcement Network. The regulatory greenlight enables Ramp to do business in 38 states across the United States. Besides the development, Ramp also has regulatory clearance with the United Kingdom’s Financial Conduct Authority and Poland’s Financial Supervision Authority. Ramp allows users to buy crypto directly in their wallets and decentralized applications, or DApps. Last year, the company grew its transaction volume by approximately 30x. It has partnerships with over 400 blockchain entities worldwide, including Axie Infinity, Mozilla, Opera Browser, Aave, T...
South Africa extends tight coronavirus restrictions for another 14 days
South Africa extended tight COVID-19 rules on Sunday for another 14 days, maintaining restrictions that include a ban on gatherings, a curfew from 9 p.m. to 4 a.m. and a prohibition on the sale of alcohol. The country, the worst-hit on the African continent in terms of recorded cases and deaths, is in the grip of a third wave of infections driven by the more infectious Delta coronavirus variant. “Our health system countrywide remains under pressure,” President Cyril Ramaphosa said in a televised address to the nation. Early this month South Africa recorded a new record of over 26,000 daily cases, stretching hospitals to breaking point. Ramaphosa moved the country to the fourth level of a five-tier restriction scale in late June as infections climbed, promising to review the restrictions af...
IMF, World Bank urge G7 to release surplus vaccines
The heads of the International Monetary Fund and World Bank on Thursday urged the Group of Seven advanced economies to release any excess COVID-19 vaccines to developing countries as soon as possible, and called on manufacturers to ramp up production. In a joint statement to the G7, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass also called on governments, pharmaceutical companies and groups involved in vaccine procurement to boost transparency about contracting, financing and deliveries. “Distributing vaccines more widely is both an urgent economic necessity and a moral imperative,” they said. “The coronavirus pandemic will not end until everyone has access to vaccines, including people in developing countries.” Malpass and Georgieva will meet in person ...
Minister: Nigerian government to scale up domestic gas expansion, monetisation drive
Minister of State, Petroleum Resources, Mr. Timipre Sylva, has stated that the federal government will continue to ramp up its current domestic gas expansion drive as well as its monetisation programme to increase the country’s supply of the much needed foreign exchange earnings. Speaking when he appeared virtually at the formal opening of the new headquarters of the Nigeria Liquefied Natural Gas Limited (NLNG) in Port Harcourt, Rivers State, the minister stressed that the company was expected to play a major role in achieving the objective. Sylva noted that the country’s gas reserves must be fully explored for the full benefit of Nigerians, noting that has remains a major game-changer for Nigeria, especially with the renewed attention to the commodity as a lower carbon energy source. “In ...
Brazil hospitals pushed to limit as coronavirus death toll soars
Hospitals in Brazil’s main cities are reaching capacity, health officials have warned, as the country recorded the world’s highest COVID-19 death toll over the past week, triggering tighter restrictions on Thursday in its most populous state. Intensive care wards for treating COVID-19 patients have reached critical occupancy levels over 90% in 15 of 27 state capitals, according to biomedical center Fiocruz. In Porto Alegre, the largest city in southern Brazil, there are no free intensive care units (ICUs), and occupancy has also hit 100% in two other state capitals, Fiocruz reported. The Health Ministry on Wednesday reported a record 2,286 deaths from COVID-19 in the last 24 hours, as new infections rose by 79,876. With more than 270,000 deaths, Brazil’s pandemic death toll over the past y...
Rivers governor reacts as critics fault design of new bridge after truck accident
Critics are subjecting the Okoro-nu-Odu overhead bridge commissioned for use on Monday in Port Harcourt by Rivers Governor, Nyesom Wike, to scrutiny after the fall of a heavy duty truck that was trying to make a turn under it. Also, critics have also observed that rather than help alleviate the traffic gridlock in the area, the bridge seemed to have worsened the traffic jam. While commenting on the gridlock around the bridge and the fall of the truck while trying to make a u-turn, one Kachi Welsley said: “basically an engineering design is to address serviceability and human problems, not to compound them. “At the beginning sides of the overhead bridge at Rumuokoro, there ought to be turning points to enable cars coming and trying to get back in opposite directions turn easily without firs...
Pfizer, BioNTech to limit delays of vaccine shipments to one week
Pfizer and BioNTech said Saturday they will limit the delays of their vaccine deliveries to just one week, after fears in Europe that shipments of the jabs could be slowed for up to a month. The US drugmaker and its German partner “have developed a plan that will allow the scale-up of manufacturing capacities in Europe and deliver significantly more doses in the second quarter,” they said in a joint statement. “As a result, our facility in Puurs, Belgium will experience a temporary reduction in the number of doses delivered in the upcoming week.” Pfizer and BioNTech pledged that deliveries would be back to the original schedule to the European Union from the week of January 25, with increased delivery from the week of February 15. “To accomplish this, certain modifications of production pr...
