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  • The EU will impose tariffs on Russian grain, fearing Moscow will use exports as a weapon of war

    The European Commission wants to prevent Russia from using farm products as a tool to wreak havoc on the EU market and is moving to impose tariffs on grain imports from Russia and Belarus.

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  • 1.7 crore connections disconnected through fraud detection steps: DoT

    The Department of Telecommunications says the government was also working with WhatsApp to deal with pesky calls, and has had lakhs of numbers blocked as a result

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  • Binance Faces Cease-Operations Order In Nigeria: Here's Why

    Nigeria's regulatory authority for financial markets has issued an order to Binance, the world's largest cryptocurrency exchange, to cease its operations within the country. The Securities and Exchange Commission (SEC) stated that Binance Nigeria Limited, which had been engaging Nigerian investors through a website, was operating illegally and must immediately stop soliciting investments from Nigerian individuals. In a statement dated June 9, the SEC emphasised that Binance was not registered or regulated, rendering its activities in violation of the law. At the time of reporting, Binance had not provided any comment regarding the regulator's directive. ALSO READ: After Binance, Coinbase Lawsuits, Should The Crypto Industry Be Worried? Notably, the SEC also took legal action against Binance and another major cryptocurrency exchange, Coinbase, accusing both platforms of violating regulatory rules. In 2020, Nigeria's SEC introduced a series of regulations pertaining to digital assets, indicating the country's attempt to establish a balanced approach between a complete ban on crypto assets and unregulated usage. This came after the Central Bank of Nigeria banned banks and financial institutions from engaging in transactions involving digital currencies in 2021. Nigeria, known for its youthful and tech-savvy population, has demonstrated a strong interest in cryptocurrencies. Many individuals in the country have turned to peer-to-peer trading platforms provided by crypto exchanges as a means to bypass the restrictions imposed by the traditional financial sector. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

    Nigeria's regulatory authority for financial markets has issued an order to Binance, the world's largest cryptocurrency exchange, to cease its operations within the country The Securities and Exchange Commission (SEC) stated that Binance Nigeria Limited, which had been engaging Nigerian investor

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  • The Logistics Play Set to Transform the Permian Basin

    The oil and gas fracking industry has delivered massive growth in oil and gas output over the last decade and a half. Starting in 2008 with about 1 mm BOPD from shale reservoirs, the industry has battled inefficiency, an adverse political environment, and low prices during that time to now produce in excess of 9.6 mm BOPD. For those who are interested, I discussed how technology had played a key role in this success in an OilPrice Special Report, The Future of Oil and Gas. This growth hasn’t come without costs. From its earliest days, this…

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  • Nintex Taps Christian Lucarelli and Tony Thomas to Lead Global Partner and Customer Experience Programs

    BELLEVUE, Wash., May 8, 2024 /PRNewswire/ -- Nintex, a leader in process intelligence and automation, has promoted two seasoned internal leaders to global roles in partner and customer experience. Christian Lucarelli has been appointed Vice President and Head of Global Partner Strategy....

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