UAE revokes FTX license amid the exchange collapse
Dubai authorities have stated that no customers were put at risk because FTX MENA is still in the pre-approval stage.
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Budweiser to ask FIFA for 45 million after alcohol ban in Qatar
Many World Cup supporters in Qatar were dismayed to learn that booze will not be available for purchase anywhere near the venues. However, they are not the primary victims.
Ibom Air takes delivery of two Airbus aircraft
Ibom Airlines Limited has added two Airbus A320-200 planes to its fleet in time for the busy holiday travel season.
Nigeria’s central bank raises interest rate to 16.5 per cent
The monetary policy rate (MPR), which is a measurement of interest rate, has been raised from 15.1 per cent to 16.5 per cent by the policy-setting committee of the Central Bank of Nigeria (CBN). This move was made in an effort to manage growing inflation.
FTX-owned Liquid halts trading after withdrawal halt
Following directives from FTX Trading, Liquid stated through Twitter on November 20 that all trading activity has been suspended on the platform. The statement claims that “all forms of trading” on the Liquid exchange have been suspended while the Chapter 11 process is carried out in the Delaware courts.
IMF requests CBN let banks determine dollar rates
The International Monetary Fund (IMF) asked the Central Bank of Nigeria (CBN) yesterday to let commercial banks set the rates for buying and selling dollars to bring more foreign money into the economy.
Sonic co-creator Yuji Naka arrested for insider trading
According to Fuji News Network, the renowned co-creator of Sonic the Hedgehog, Yuji Naka, has been detained in Japan in connection with an insider trading case involving former Square Enix workers.
NRC: Abuja-Kaduna railway shuttle not resuming soon
The Nigerian Railway Corporation (NRC) has stated that the resumption date of train service between Abuja and Kaduna is still indefinite.
FTX hacker now 35th largest Ether holder
Elliptic, a blockchain intelligence startup, reports that when the troubled FTX exchange filed for Chapter 11 bankruptcy, its wallets were emptied of more than $663 million in various crypto assets.
Coinbase boss: FTX collapse turning point for citizen journalism
In a tweet from November 16 that has been retweeted over 9,000 times as of this writing, Armstrong said that most of the news about FTX’s liquidity crisis and subsequent bankruptcy filing has come from regular people and not from traditional media.