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Dr. Bishop Sam Zuga, the newly elected Archbishop of House of Joy ministry, popularly known as Jehovah Field Marshall has given reasons he would rather continue leading Nigeria to the right path by living an exemplary life rather than leading protests

Bishop Zuga plans to reduce unemployment in Africa with ‘Zugacoin’

Archbishop Sam Zuga has unveiled his plans to alleviate unemployment in Africa in line with his vision 0202-2020.
Bitcoin can baffle even bigger-fish investors [Dado Ruvic-Reuters]

Low money market yield, inflation may push more investors to bitcoins

The roller coaster which the Nigerian equities market has enjoyed in the last two months may be short-lived as there are indications that investors are planning to take advantage of the low yield being recorded in the money market by diverting into Bitcoin trading.
Wall Street's main indexes opened lower on Friday as rising infections overshadow positive vaccine news [Shannon Stapleton-Reuters]

Stocks push higher on vaccine hopes but gains lose steam

Asian shares extended this month’s stellar gains as market euphoria over COVID-19 vaccines and expectations that US President-elect Joe Biden’s administration would deliver more economic stimulus overrode weak US economic data.
Bitcoin can baffle even bigger-fish investors [Dado Ruvic-Reuters]

Rollercoaster: Bitcoiners who missed rally feel relief and regret

Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February.
The official Twitter account of Indian Prime Minister Narendra Modi’s personal website was hacked early on Thursday, the social media company has confirmed.

Twitter account of India’s premier hacked

The official Twitter account of Indian Prime Minister Narendra Modi’s personal website was hacked early on Thursday, the social media company has confirmed.
The US Department of Justice says it has dismantled three online fundraising campaigns involving terrorist organizations, including Al Qaeda, ISIS, and the al-Qassam Brigades (Hamas’ military wing).

US says it has seized millions in cryptocurrency meant to fund terrorist groups

The US Department of Justice says it has dismantled three online fundraising campaigns involving terrorist organizations, including Al Qaeda, ISIS, and the al-Qassam Brigades (Hamas’ military wing). In doing so, the DOJ seized millions of dollars in cryptocurrency that was meant to fund the groups. It’s “the government’s largest-ever seizure of cryptocurrency in the terrorism context,” per the department.
Dollar

Dollar slips after political wrangling slows rally

A dollar rebound faltered on Tuesday as political wrangling over a United States relief plan and the gloomy outlook weighed on the currency.
Graham Ivan Clark, 17, was arrested Friday in Tampa, where the Hillsborough State Attorney’s Office will prosecute him as an adult. He faces 30 felony charges, according to a news release.

Florida teen arrested as mastermind of Twitter hack

A Florida teen was identified Friday as the mastermind of a scheme earlier this month that commandeered Twitter accounts of prominent politicians, celebrities and technology moguls and scammed people around the globe out of more than $100,000 in Bitcoin. Two other men were also charged in the case.

Hackers hijack accounts of prominent Twitter users

Twitter said hackers accessed its internal systems to hijack some of the platform’s top voices including U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian, former U.S. President Barack Obama and billionaire Elon Musk and used them to solicit digital currency.
The Federal Bureau of Investigations (FBI) has said that $15.3million, which is part of the money Olalekan Jacob Ponle aka Woodberry stole, was stashed away in a Bitcoin (BTC) wallet.

How FBI tracked Hushuppi’s ally Woodberry via WhatsApp, iPhone

Olalekan Jacob Ponle, popularly known as Woodberry, was nabbed through details accessed from his WhatsApp, iPhone and Bitcoin transactions, court documents reveal.
Cryptocurrency

Report: Cryptocurrency crime losses more than double to $4.5 billion in 2019

Losses from cryptocurrency crime surged to 4.52 billion dollars in 2019, as insider theft soared even as hacking losses declined, according to a report from blockchain forensics company CipherTrace.
The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

Wealthy Nigerians on edge over NFIU searchlight

Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.
HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage.

HTC partners with Bitcoin.com to support cryptocurrency smartphone Exodus 1

HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

France will block development of Facebook Libra cryptocurrency

France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

Facebook’s Libra currency ‘could undermine ECB’ – official

Widespread adoption of Facebook’s proposed “Libra” cryptocurrency could harm the European Central Bank’s ability to manage the eurozone economy and threaten the euro itself, a top official said Monday.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

EU antitrust regulators have Facebook’s Libra currency in sights

Regulators are reportedly concerned that the Libra currency could shut out rivals and create “competition restrictions” related to the use of information and consumer data. The EU is also examining the integration of Libra wallets into Facebook’s WhatsApp and Messenger services, according to Bloomberg.
Facebook more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg's security in 2018 to $22.6 million, a regulatory filing showed on Friday.

Facebook to create a privacy panel as part of $5 billion FTC settlement

The Federal Trade Commission is set to announce on Wednesday that Facebook has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
An investigation by The Washington Post has uncovered a dozen accounts, pages, and groups across Facebook and Instagram which misleadingly claim to be official hubs for Libra, Facebook’s proposed digital currency.

Libra scams are already proliferating on Facebook

An investigation by The Washington Post has uncovered a dozen accounts, pages, and groups across Facebook and Instagram which misleadingly claim to be official hubs for Libra, Facebook’s proposed digital currency. In some cases these pages, which were only removed after WaPo reported them to Facebook, offered to sell Libra at a discount through third-party websites.

Recent Stories

Thai premier found ‘not guilty’ in conflict of interest case

Thailand’s constitutional court ruled on Wednesday that Prime Minister Prayuth Chan-ocha was “not guilty” of a conflict of interest for staying in an army residence after retiring
A fuel tanker on Wednesday morning caught fire on the busy Magboro section of the Lagos-Ibadan Expressway.

Fuel tanker catches fire on Lagos-Ibadan expressway

Newsmen gathered that the incident happened around 06 am. The fuel being conveyed by the tanker had spilled to the other side of the expressway – leading inward to Lagos.

JAMB to conduct NIS, NSCDC recruitment test December 7

The Joint Admission and Matriculation Board (JAMB) will on December 7 and 8, 2020, conduct a Computer-Based Aptitude Test for recruitment into the Nigeria Immigration Service (NIS) and the Nigeria Security and Civil Defence Corps (NSCDC).
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

#EndSARS: How police officers shot my son dead in my presence – woman

The National Human Rights Commission panel investigating allegations of human rights violations against the disbanded Special Anti-Robbery Squad (SARS) heard on Tuesday in Abuja how policemen in Rivers killed a young man in the presence of his mother.

Kano: Kwankwasiyya group has no platform to contest council polls – official

Kano State government says the Kwankwasiyya movement’s claim to have withdrawn from the forthcoming local government elections in the state is nothing but a face-saving scheme, considering that it has no platform to partake in the January local government polls.