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17/04/2024

Billionaire E-Money takes it upon himself to raise Late Jnr Pope’s kids

04/04/2024

04/10/2023

04/10/2023

Breaking news:

MOHBAD: LAGOS STATE POLICE COMMAND DECLARES PRIMEBOY WANTED

Following his failure to honour police invitation successfully sent to him since the commencement of investigation into the circumstances leading to the death of Mr Ilerioluwa Aloba aka Mohbad, the Lagos State Police Command hereby declares wanted Owodunni Ibrahim aka Primeboy.

Ibrahim is approximately 1.64-m tall, male, dark-complexioned with tribal marks and Yoruba by tribe. His last known address is 3rd Power, Oke Eletu, Ikorodu.

If seen, contact the nearest police station or call 0803 688 5727. The Commissioner of Police, Lagos State Command, CP Idowu Owohunwa, hereby offers a handsome reward of N1,000,000 (One Million Naira Only) to anyone with useful information leading to his arrest.

SP BENJAMIN HUNDEYIN, anipr, mipra
POLICE PUBLIC RELATIONS OFFICER
LAGOS STATE COMMAND
IKEJA

OCTOBER 4, 2023.

04/10/2023

If 2k isn’t small for you say hi and share this post …

18/03/2023

1k follower’s in two days page promotion

14/03/2023

420Q💰💯🔥🔥

11/03/2023

Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble?

11/03/2023

Just in..

Stable-coins In Trouble? USDC, DAI, USDD Depeg As SVB Crisis Deepens
USD Coin (USDC), the second largest stablecoin witnessed its dollar pegged value to drop by 11% over the past day Dealing with a heavy sell off, the global digital asset market registered a broad recovery on Saturday morning. Bitcoin, Ethereum price jumped by 3% and 5%, respectively. However, the top stablecoins USDC, DAI, USDD witnessed a heavy depegging as the Silicon Valley Bank crisis continues to haunt the crypto market.

USDC To Fall Amid Market Crash?
As per the data, USD Coin (USDC), the second largest stablecoin witnessed its dollar pegged value to drop by 11% over the past day. at an average price of $0.912, at the press time. Its 24 hour trading volume registered a massive surge of 321% to stand at $18.54 billion as it loses its $1 fixed value.
Circle issuer of USDC in statement mentioned that the Silicon Valley Bank is one of its six banking partners. However, they just use these banks to manage 25% of the USDC reserves held in cash. Meanwhile, the Circle is still waiting for clarity over how the Federal Deposit Insurance Corporation (FDIC) receivership of SVB will impact its users. Read More Crypto News Here…

USDC holds a circulating supply of around 40.9 billion while its market cap declined to stand at $36.4 billion. The deficit between the dollar pegged value and current standing value is on a stretch as the market is witnessing a high liquidity situation now.

However, USDC is not the only stablecoin which is facing depegging troubles amid the recent crisis. DAI, an Ethereum based stablecoin, dollar pegged value also took a hit. DAI price dropped by10% over the past day. It is trading at an average price of d $0.904, at the press time