Crypto Exploit Losses Plunge 90% in May to $68.3M
Losses from cryptocurrency-related exploits and security breaches saw a dramatic decline in May 2026, plummeting by nearly 90% compared to the previous month. Blockchain...
Flutterwave at 10: Profitability or Pretense?
Flutterwave promoted 25% of its global workforce, over 100 employees, on June 1, 2026, alongside a one-time economic relief payment for all staff and...
S&P 500 Hits Record High as Tech Rally Powers June Start
The S&P 500 surged to a new record high on Monday, propelled by a robust rally in technology stocks, particularly Nvidia, as trading commenced...
Brass Banking Shifts Operations to Paystack MFB Platform
In a significant move signalling deeper consolidation within Nigeria's burgeoning digital banking sector, Brass Business Banking has transitioned its core operations to the infrastructure...
Brazil Central Bank Demands Strict Crypto Audits for VASPs
Brazil's Central Bank has significantly tightened its regulatory grip on virtual asset service providers (VASPs), mandating independent audits for all entities seeking operational licenses....
JPMorgan CEO Dimon warns banks will fight CLARITY Act
JPMorgan CEO Jamie Dimon has issued a stark warning, declaring that major U.S. banks will fiercely oppose the proposed Digital Asset Market Clarity Act...
Cloud9 acquires Mtickets for $773K, boosting fintech
Kenyan digital bank Cloud9 has strategically acquired ticketing platform Mtickets in an all-stock deal valued at approximately KES 100 million ($773,000). This move, announced...
Nigeria’s Tax ID Centralizes Financial Surveillance
The Nigeria Revenue Service and Joint Revenue Board announced May 18, 2026 that the Taxpayer Identification (Tax ID) system has entered full implementation, replacing...
Kalshi’s Insider Trading Problem: 150 People, $14 Billion
Kalshi co-founder Luana Lopes Lara told the Wall Street Journal at its Future of Everything event that her company operates 200 active insider trading...
Chimoney, Web3 Fintech, Folds Due to Funding Shortfall
Nigerian-Canadian fintech startup Chimoney has ceased operations, shutting down its cross-border payments business due to an inability to secure sufficient capital. The closure, effective...