Author: Editor

Vitalik Buterin, co-founder of the ethereum blockchain, says the digital-asset universe may actually benefit from the current retreat in coin prices that’s cast a chill on investors and is being referred to as another crypto winter. “The people who are deep into crypto, and especially building things, a lot of them welcome a bear market,” Buterin said during an interview. “They welcome the bear market because when there are these long periods of prices moving up by huge amounts like it does — it does obviously make a lot of people happy — but it does also tend to invite…

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Nigeria has lifted a ban on Twitter after the social media platform agreed to open a local office, among other agreements with authorities in the West African country, a senior government official said on Wednesday. The Nigerian government suspended Twitter on 4 June after it removed a post from President Muhammadu Buhari that threatened to punish regional secessionists. Telecommunications companies subsequently blocked access to users in Nigeria. Kashifu Inuwa Abdullahi, director-general of the National Information Technology Development Agency, said in a statement that Buhari had given approval to lift the suspension. Twitter has agreed to act with a respectful acknowledgement…

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Eskom has suspended load shedding, with effect from midday on Friday, after restoring generation capacity sufficiently to meet customer demand. In a statement, the state-owned electricity utility said its teams had successfully returned to service a generation unit each at the Duvha, Medupi, Kendal, Kriel and Kusile power stations. “Although we have lost units at Tutuka, Camden and Hendrina power stations, we have managed to adequately replenish emergency reserves,” it said. Over the long weekend, Eskom will take the opportunity of anticipated lower demand for electricity to conduct short-term maintenance and further replenish emergency reserves to be ready for the…

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Bitcoin consolidated around US$60 000 on Monday, taking a breather from the weekend’s record high as investors prepared for inflation worries and US stimulus spending to propel it even higher. The world’s most popular cryptocurrency slipped as low as $58 956.90 early in the Asian session, falling from Saturday’s record high of $61 781.83. The rally may have been dampened by a Reuters report that India would pursue a ban on digital assets, a rain cloud for bitcoin following high-profile endorsements this year from the likes of Tesla’s Elon Musk, Twitter’s Jack Dorsey, and investment giants Goldman Sachs and BlackRock. Investment by institutional…

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