Tekedia

Tekedia focuses on topics like technology, innovation, do-it-yourself projects, entrepreneurship, and education, particularly in the African context.

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Moody’s Upgrades Nigeria’s Sovereign Credit Rating to B3, Citing FX Reform and Fiscal Stability - Tekedia

6 days ago | tekedia.com | Samuel Nwite

Global credit ratings agency Moody’s has upgraded Nigeria’s long-term foreign currency rating from Caa1 to B3, citing meaningful improvements in the country’s external and fiscal positions following key macroeconomic reforms introduced under President Tinubu’s administration. The outlook has been adjusted from “positive” to “stable,” signaling renewed global confidence in Nigeria’s economic direction but also a […]
Cetus $223M Hack Exposes DeFi’s Ongoing Struggle To Balance Security and Decentralization

1 week ago | tekedia.com | Paul Ugbede Godwin

Following the $223M Cetus Protocol hack on May 22, 2025, caused by a flaw in Cetus’s math library not Sui’s blockchain or Move language, Sui Network allocated $10M to enhance ecosystem security. This includes funding for smart contract audits, expanded bug bounty programs, formal verification tools, and developer collaboration to strengthen decentralized applications (dApps). The initiative aims to shift toward shared accountability and prevent future exploits.
Blockchain Group’s Bitcoin Treasury Strategy Strengthens Its Position As A Crypto Pioneer

1 week ago | tekedia.com | Paul Ugbede Godwin

The Blockchain Group, a Paris-based company listed on Euronext Growth Paris (ticker: ALTBG) and recognized as Europe’s first Bitcoin Treasury Company, raised €63.3 million ($72 million) through convertible bond issuances to bolster its Bitcoin holdings. The issuance, executed via its Luxembourg subsidiary, The Blockchain Group Luxembourg SA, aims to acquire approximately 590 additional Bitcoin, increasing its total holdings to around 1,437 BTC.
Circle USDC Filed For Initial Public Offering Listed On NYSE

1 week ago | tekedia.com | Paul Ugbede Godwin

Circle Internet Group, the issuer of the USDC stablecoin, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on April 1, 2025, to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL.” The IPO was launched on May 27, 2025, offering 24 million shares, with 9.6 million from Circle and 14.4 million from selling stockholders, at a price range of $24 to $26 per share.
Binance’s Live Trading Feature Makes Crypto Trading More Interactive and Educational

1 week ago | tekedia.com | Paul Ugbede Godwin

Binance has introduced a “Live Trading” feature on its Binance Square platform, launched on May 26, 2025. This feature allows users to watch real-time livestreams of verified traders, follow their strategies, and execute Spot or Futures trades directly within the stream. It integrates market commentary, trade execution, and live video, enabling users to act on insights instantly via pinned strategy cards or a Strategy Tab that display trade details like trading pair, direction, and order size.
Germany’s DAX Stock Index Surged To A Record High of 24,161 Points

1 week ago | tekedia.com | Paul Ugbede Godwin

Germany’s DAX stock index surged to a record high of 24,161 points on May 27, 2025, marking a 21% increase since the start of the year. This rally was driven by U.S. President Donald Trump’s announcement on May 25, 2025, delaying 50% tariffs on EU goods until July 9, boosting investor confidence in export-heavy sectors like autos, machinery, and pharmaceuticals.
FlixTrain’s Ambitious 65 Trainset Order Signals a Transformative Shift in Germany’s Rail Market

1 week ago | tekedia.com | Paul Ugbede Godwin

In May 2025, FlixTrain, a German private rail operator and subsidiary of Flix SE, announced a major order for 65 high-speed trainsets from Spanish manufacturer Talgo, with Siemens supplying Vectron locomotives, in a deal valued at up to €2.4 billion. A firm commitment of €1.06 billion covers the initial 30 trains, with an option for 35 more, and includes 15 years of maintenance by Talgo.
German Climate Group Announced A Week of Protests In Berlin

1 week ago | tekedia.com | Paul Ugbede Godwin

A German climate group, described as a successor to Last Generation, announced a week of protests in Berlin starting May 27, 2025. In recent years, climate activism in Berlin has included disruptive tactics like road blockades by groups such as Last Generation, which glued themselves to streets to demand stronger government action on climate change.
India’s Crypto Industry Lobbying to Reduce 30% Capital Gains Tax

1 week ago | tekedia.com | Paul Ugbede Godwin

According to a Financial Times report dated May 27, 2025, India’s cryptocurrency industry is intensifying efforts to lobby the government for a reduction in the 30% capital gains tax and the 1% Tax Deducted at Source (TDS) on transactions, both introduced in 2022. Industry leaders argue these taxes, implemented to curb illegal activities, have driven over 90% of Indian crypto trading to offshore platforms, as noted in a report by the Esya Centre.
zkAt Represents Significant Evolution In Zero-Knowledge Authentication

1 week ago | tekedia.com | Paul Ugbede Godwin

The Sui team’s unveiling of zkAt (Zero-Knowledge Authenticator) has generated significant buzz, with claims that it surpasses the combined impact of zkLogin, Plasma, and the Lightning Network. zkAt is a new authentication technology developed by the Sui team, leveraging zero-knowledge proofs (ZKPs) to enable users to prove access or authority without revealing sensitive details about the authentication process, such as the policy structure, authorized parties, or system format.