FTX, a Crypto exchange firm has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown. This disclosure was made by an attorney for the bankrupt company founded by Sam Bankman-Fried on Wednesday, according to a report by Reuters. The company, which was valued a year ago at $32 billion, filed for bankruptcy in November and U.S. prosecutors accused Bankman-Fried of orchestrating an “epic” fraud that may have cost investors, customers and lenders billions of dollars. “We have located over $5 billion of cash, liquid cryptocurrency and liquid investment securities,” Andy Dietderich, an…
Author: DigitalTimesNG
Blockchain firm, Venom Foundation and Abu Dhabi-based investment manager, Iceberg Capital Ltd on Wednesday launched a $1 billion crypto venture fund and said it was leading a $20 million funding round in virtual world platform, Nümi Metaverse. Reuters reports that the fund, called Venom Ventures Fund (VVF), aims to invest in early-stage startups focused on payments, asset management, banking services and gaming on Web3, a much-hyped vision of a future internet built on blockchain. The launch comes at a time when funding for crypto startups has slowed following the global risk-off mood and a series of crypto blowups that culminated…
Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in the following interview reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the anticipated macroeconomic challenges. Excerpts: What are your forecasts and anticipations for the global economy in 2023? I would like to start by noting that 2022 was indeed a turbulent year for the global economy. In 2022, the global economy witnessed record-high inflation rates with the attendant high cost of living across several…
The official Telegram Messenger app was updated for Windows devices this week with several improvements to hidden media, contact profile pictures, and lists. After installing this update, Telegram users will be able to hide list members from others, upload custom photos for contacts, and customize privacy settings for profile photos. Here are the release notes: “Hidden Media Media with spoiler effects. You can wrap photos and videos you send in a fuzzy cover by selecting media in the attachment menu and tapping (⋯) > Hide With Spoiler. Profile Pictures for Your Contacts Setting pictures for your contacts. You can choose…
For many years now, Google has allowed users to type, edit, and format their Google Docs documents. The feature is set to receive new enhancements. According to a recent Google Workspace blog post, the upcoming update “will help reduce transcription errors and minimize lost audio during transcription,” Neowin reports. However, Google didn’t further explain how this will exactly work. Google Docs voice typing will also offer “expanded availability to most major browsers.” The transcription quality updates will also be available through Google Slides’ automatic captioning feature, making it easier for viewers to understand what a speaker is saying in their…
Juniper Research is forecasting that eSIM global market will increase from $4.7 billion in 2023 to $16.3 billion by 2027, according to a report in Fierce Wireless. Apple is said to be the big instigator of all this having released the eSIM-only iPhone 14 last fall, triggering all kinds of operator support. Apple had already supported eSIM via dual SIM, but with the iPhone 14, there’s no physical SIM card slot whatsoever. eSIMs allow devices to seamlessly switch between network operators much more easily, which explains why some operators were less than enthusiastic about supporting something that makes it easier…
Kenyan operator, Safaricom’s chairman John Ngumi has resigned from the role barely six months after his appointment in July 2022. Safaricom said in a statement that Ngumi’s resignation took effect on 22 December 2022 and a new chairman will be elected in the coming weeks. Ngumi leaves the board to focus on developing green energy generation across Africa with an emphasis on green hydrogen. Company Secretary, Kathryne Maundu noted that Ngumi strongly supported the repositioning of the Fuliza product to better serve Kenyans, and was also an ardent enthusiast for Safaricom’s entry into Ethiopia. As part of the new board…
All is now set for a return to Nigerian Television Authority (NTA) stations across Nigeria, a newly packaged 30-Minute weekly television programme that will regularly x-ray the Nigerian telecommunications and information communications technology (ICT) industry and provide awareness for telecommunication consumers across the country and beyond. Packaged by the Nigerian Communications Commission (NCC), the weekly programme, aptly tagged Telecom Weekly, will debut on NTA Network Services comprising more than 45 stations across the 36 states and Abuja today, Tuesday, January 10, 2023, at 5.00 p.m. All local NTA stations are expected to hook up to the programme at 5.00 pm…
It was glitz and glamour as the premier and leading financial institution in the country, FirstBank thrilled their customers with a memorable “DecemberIssaVybe” at the just concluded Vibe on the Beach, featuring sensational music act, Ayodeji Ibrahim Balogun widely known as Big Wiz. The timing of the concert was right, having had Asake and Kiss Daniel’s concert precede that of the grammy award-winning music sensation. DecemberIssaVybe is not just about music but fun, fun and fun in its entirety, from stage plays to art and culture… the list comprised Culturati to Beeta Arts Festival Abuja, Koffi Tha Guru Unorthodox, Duke…
By Sue AZARI It is no secret that over the past few years, the e-commerce industry has been constantly and rapidly evolving, with COVID-19 playing a significant role. Many retailers have experienced highs as a result of the pandemic, with consumers taking advantage of the convenience of shopping for pretty much anything right from the comfort of their living room; whilst others such as offline retailers suffered, due to their lack of a digital footprint when the lockdown was introduced. Judging by recent trends, global retail e-commerce sales will continue to soar in 2023, showcasing the adaptability of e-commerce, which…