Coinbase has pushed back against the Bank for International Settlements’ (BIS) latest assessment of stablecoins, rejecting the institution’s claim that digital dollar-pegged tokens fall short of functioning as money. The response comes after the BIS released its Annual Economic Report 2026, in which it argued that today’s stablecoins do not satisfy the key characteristics required…
Three of the world’s largest memory chip manufacturers—Samsung Electronics, SK Hynix, and Micron Technology—are facing a federal lawsuit in the United States over allegations that they conspired to restrict the supply of commodity DRAM memory chips, leading to a dramatic increase in prices over the past four years. The lawsuit, filed on June 25 in…
The 2026 FIFA World Cup has officially become the most-attended tournament in the competition’s history, with more than 3.6 million spectators passing through stadium gates before the knockout stage has even begun. The historic milestone was reached during Thursday’s Group E clash between Ecuador and Germany at MetLife Stadium in East Rutherford, New Jersey. The…
Lagos State Governor Babajide Sanwo-Olu has announced the approval of 150 new compactor trucks as part of the state government’s efforts to improve waste collection and address the growing waste evacuation challenges across Lagos. The governor made the announcement on Saturday during the June 2026 Environmental Sanitation Exercise held in Surulere, where he reaffirmed his…
The death toll from Venezuela’s devastating twin earthquakes has risen to 1,430, as rescue teams race against time to locate survivors beneath collapsed buildings while millions of people face an escalating humanitarian crisis. The powerful earthquakes, measuring 7.2 and 7.5 in magnitude, struck on Wednesday, leaving widespread destruction across several parts of the country. Authorities…
Ford Motor Company has revealed that it was forced to bring back hundreds of experienced engineers after artificial intelligence systems introduced to streamline parts of its vehicle development process failed to deliver the expected results. The admission offers a rare glimpse into the challenges major manufacturers face as they increasingly integrate AI into complex engineering…
Tensions between the United States and Iran have escalated once again after both countries accused each other of violating a ceasefire agreement reached last week, triggering a fresh round of military action and raising concerns over stability in the strategically important Strait of Hormuz. The United States launched military strikes against targets in Iran on…
Best-selling personal finance author Robert Kiyosaki has reaffirmed his confidence in gold, saying he is increasing his holdings despite the precious metal’s recent price decline. The Rich Dad Poor Dad author believes gold is poised for a sustained long-term rally as global debt levels continue to rise and economic uncertainty persists. Kiyosaki made his latest…
Oracle has recorded its steepest weekly stock market decline in a quarter of a century, with shares plunging 19% amid growing investor concerns over the company’s rising debt and the financial risks tied to its aggressive artificial intelligence expansion. The sharp sell-off marks Oracle’s worst performance since August 2001, when the company lost 20% of…
President Bola Ahmed Tinubu has approved the establishment of the National Health Technology and Data Analytics Office (NHTDAO), a new agency designed to drive Nigeria’s digital transformation in the healthcare sector and strengthen the country’s use of technology and data for improved health outcomes. The President also appointed former Director-General of the National Institute for…
