Author: Charlotte

The Central Bank of Nigeria announced on Tuesday that applications had opened for the second cohort of its Regulatory Sandbox Programme, introducing a dedicated Virtual Asset Service Provider track for the first time. The track will allow companies developing products involving virtual assets, stablecoins, payments, settlement, custody, wallets and related financial infrastructure to test them in a controlled environment under direct CBN supervision. Applications opened on August 12 and will close on August 31. The programme does not amount to a licence to operate, and companies admitted to the sandbox will only be allowed to test…

Almost one in eight residential properties sold in the second quarter (Q2) were sold at a loss, according to property data company Cotality’s latest Pain and Gain Report. At the national level, the percentage of sales made at a loss (13.1%), versus the previous purchase price, is now at its highest level since 2012. Conversely of course, the percentage of properties selling for more than their previous purchase price (86.9%) was at its lowest level since 2012. The percentage of properties selling at a loss has steadily increased since early 2022, when less than 1% of residential sales were loss…

News flash: We live in a mixed economy Review Times Source link

TradingKey – According to a report by South Korea’s Asia Business Daily on August 12, Singapore’s sovereign wealth fund Temasek recently decided to invest in Samsung Electronics and SK Hynix (SKHY), and has approached relevant South Korean government departments to discuss the specific timing of the investment. This investment will be directly executed by Temasek’s internal team, rather than delegated to external asset management companies.Expectations of Temasek’s potential entry boosted market confidence in memory giants, with both Samsung Electronics and SK Hynix surging more than 8% intraday. By the close, Samsung Electronics rose 6.68% to 255,500 won (approximately $192.11), while…

Bitcoin’s (BTC -0.37%) strongest supporters know that it’s absolutely essential to have a long-term mindset when owning the digital asset. This view has paid off in the past. Since Aug. 10, 2022, the most valuable cryptocurrency’s price has risen 179% (as of Aug. 10). That gain would have turned $10,000 into $28,000 today. Where will Bitcoin be four years from now in 2030? Image source: Getty Images. History provides a clear answer Bitcoin’s price movements have tracked a typical four-year cycle. Long-term holders understand this roller coaster all too well. The crypto experiences boom-and-bust periods that have become less dramatic…

Flexi-Cap Funds 2026: Large-Cap Overlap Problem Explained Value Research Source link

Throughout his career, he’s focused on demystifying AI, debunking the hype and building the robust capabilities organisations need to make smarter, data-driven decisions. At Publicis Sapient, he’s the person who is ultimately responsible for ensuring clients’ data- or AI-informed transformation programmes are fully delivered and successful. The confirmed speakers – with more to be announced – will be hosted by Tom Chapman, Senior Editor of AI Magazine.AI LIVE: The London Summit lands at OlympiaStaged on 20-21 October, AI LIVE: The London Summit promises to be the essential AI event of 2026.Taking place at Olympia London, the inaugural conference and expo will…

OpenAI is recruiting a power-trading lead for its data centres. The role will own commodity hedging strategy across the company’s power portfolio. It will have no direct reports at first. Bloomberg’s Julian Hast reported the listing on Monday. OpenAI did not immediately respond to a request for comment. The company’s own job posting places the role on the Power & Land team, inside datacenter design. It pays $181,000 to $285,000 plus equity, and it is open in Seattle, San Francisco or remote. What the job actually asks for OpenAI wants at least 10 years in power trading, commodity risk management…

A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets.Retail use of the regulated cryptocurrency was expected “as early as end-2026”, subject to market conditions, said Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, in a statement on Wednesday.A joint venture formed by Standard Chartered, Animoca Brands and HKT, Anchorpoint said it began the first phase of its HKDAP coin roll-out via beta access, enabling initial distributors and users to begin…

Active global real estate funds recorded the highest one-year success rate of any category studied: 73.7%, up from just 15% a year earlier, a gain of more than 58 percentage points. US real estate active funds also improved, reaching 53% for the year. Over 10 years, both US real estate (42%) and global real estate (45%) outpaced most equity category benchmarks. Cost is the clearest predictor of success Across all categories and time frames, the Morningstar data points to one variable with consistent predictive power: fees. Active funds in the cheapest cost quintile beat passive peers at a 33% rate…