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Bitcoin bulls may ignore Friday’s $730M options expiry by saving their energy for $40K
The past few months have been less than pleasant for Bitcoin (BTC) bulls, but they are not alone. Persistent comments from the United States Federal Reserve hint at plans to raise interest rates in 2022 and thi is causing investors to seek protection in inflation-protected bonds. The monetary authority signaled its intention to substantially raise the benchmark interest rate and they will also gradually reduce the monthly purchase of debt assets. Even though some crypto investors deem Bitcoin digital scarcity as inflationary protection, that does not change its volatility. In turn, it causes the asset price to move in tandem with risk markets. Bitcoin price at Coinbase, USD (right) vs. Russell 2000 index (left) The above chart shows Bitcoin price in blue stacked against the smaller U.S. li...
Naira appreciates at N493 to dollar in parallel market
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...
Barcelona announce the signing of Eric Garcia
Finally, the signing of Eric Garcia has been officially announced by Barcelona. The 20-year-old centre-back has been linked to the club for almost a year now. He came very close to signing for his boyhood club last summer before the talks broke down on the deadline day, as well as January of this year. Garcia had spent nine years at the youth level in Barça before moving to Manchester City in 2017. The youngster has been captain of almost all the youth Barça teams he played at. He was also the captain of the U-19 team of Manchester City. After a triumphant spell with Manchester City in England, Garcia will return to Catalonia, securing the Premier League winners medal twice. Manchester City’s manager, Pep Guardiola, rates the young centre-back very highly. When asked about not selecting Ga...
Gunman kills at least 8 in mass shooting at California rail yard
At least eight people were killed when a transit employee opened fire at his co-workers at a light rail yard in San Jose, California, on Wednesday morning, the county sheriff’s office said, in the latest in a string of mass shootings this spring. The gunman, who like the victims was an employee of the Santa Clara Valley Transportation Authority (VTA), was also dead, Santa Clara County Sheriff’s Deputy Russell Davis said at a news conference. He did not say how the gunman died or whether police officers fired their weapons at the scene. The name and age of the suspect were also not disclosed. The first emergency calls reporting the shooting at the VTA light rail yard near the city’s main airport came through shortly after 6:30 a.m. Pacific Time (1330 GMT). A bomb squad was searching the yar...
May Day: Governor Masari lists gains of Katsina workers
Apart from various housing schemes for civil servants in the area, Katsina State Governor Aminu Bello Masari, on Saturday listed various other programmes designed for workers. As part of measures to reduce accommodation problems of workers, Governor Masari said that government had entered into partnership with some private developers through public private partnership with a view to providing affordable houses to workers. The governor spoke in a message he sent at a symposium as part of activities marking the 2021 May Day celebrations in Katsina. According to him, ‘under the owner-occupier housing scheme, government has identified 503 of the state houses accommodating serving civil servants and those who retired and approved the sale of the houses to them at subsidised and affordable rates...
Apple Music pays one penny per stream
Engadget Apple Music’s payment rate for artists and labels is fundamentally a penny per stream, according to a letter from the company posted on its artist dashboard and first reported by the Wall Street Journal. That payment rate is higher than Spotify, which has a confusing variable rate scheme that basically tops out at a half-penny per stream. Announcing a penny-per-stream rate is a nice PR win for Apple Music, since it is 1. very simple and 2. Spotify hates talking about its per-stream payments, which the company insists are a misleading figure. Seriously, it just launched an entire website called Loud&Clear last month designed to help artists and fans understand how payments work, and a good chunk of it is devoted to explaining why per-stream rates are not the right thing to focu...
Reports: Governments ‘gender blind’ to coronavirus’ ‘greater impact’ on women
Governments are putting women and girls at greater risk of the health and socio-economic impacts posed by the coronavirus pandemic, two global studies released Wednesday show. They called on leaders to prioritise gender equity in their response to the health crisis. Two studies, one from a global research partnership led by the Global Health 50/50 Project in London and another by the Center for Global Development (CGD) in Washington, were released Wednesday to coincide with World Health Day that highlight major failings by national governments to consider sex or gender in their COVID-19 policies. Since the start of the pandemic in March 2020, several studies have pointed to the disproportionate impact of the pandemic on women. Many women have shouldered a heftier burden taking on more unpa...
32 killed in road pile-up in Uganda
Thirty-two people died and five were injured on Tuesday when a truck carrying mourners collided with a car and three other vehicles in Uganda, the Ugandan Red Cross said. The post 32 killed in road pile-up in Uganda appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Official: Gombe records 200 rape, 37 sodomy cases in 2020
Gombe State Commissioner for internal security and Ethical Orientation, Dauda Zambuk, on Saturday said the state recorded 200 rape, 37 sodomy and 10 kidnap cases in 2020 with five recorded in January of the new year 2021 alone. Addressing a group of journalists in his office in Gombe Zambuk said 61 persons were also arrested for an act of gross indecency while three children were reported abandoned. “In all the total number of 314 suspects were arrested and all were charged to court,” he said. The commissioner said the state government after the investigation was a shock to find out that all kidnappings were perpetrated by criminals from the neighbouring Adamawa and Taraba States. According to Zambuk, 40 rape cases were lodged in Gombe alone while 39 attempted rape were reported in the ent...
Nigerian government borrows over N2 trillion from bond investors in 2020
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
UFC star Israel Adesanya tenders apology after ‘rape’ comment
UFC star Israel Adesanya has apologized to fellow fighter Kevin Holland after he came under attack for his rape comment. Isreal Adesanya made the “rape comment” while trash-talking Holland in a since-deleted video. “Bro, I will fuckin’ rape you,” Adesanya said in an Instagram video directed at Kevin Holland, who had targeted him with a series of insulting remarks. However, in a statement on Friday morning, the Nigerian-born New Zealand MMA fighter said he “crossed the line” and he understands the gravity of what he said. The statement on Adesanya’s official Twitter account reads: “Last week fight talk escalated to a point in which I crossed the line. I understand the gravity of this word and how it can affect and hurt other people apart from my opponent, although that was never my intentio...