· May 14

TikTok Commits $1 Million in Ad Credits to Support U.S. Small Businesses

TikTok is launching a nationwide Small Business Month initiative, pledging $1 million in advertising credits to support U.S. small businesses. The platform hosts over 7.5 million businesses, with 74% reporting significant growth benefits from TikTok engagement. Key initiatives include ad credit giveaways, educational webinars, podcast series, and in-person roadshow events...
· May 13

Dubai taps Crypto.com to enable crypto payments for govt services

The Dubai government signed an agreement with Crypto.com to introduce crypto payments for government services as part of its cashless strategy. This initiative aims for 90% of financial transactions in Dubai’s public and private sectors to be cashless by 2026, using stable cryptocurrencies likely including stablecoins. Payments made through Crypto.com’s...
· May 12

Flutterwave named on FXC Top 100 Cross-Border payment companies list for second year running 

Flutterwave has been named among the FXC Intelligence Top 100 Cross-Border Payment companies for the second consecutive year, positioning it alongside major players like PayPal and Google. The company’s Send App facilitates seamless cross-border payments, crucial for remittances used for essential expenses across Africa. In 2024, nearly 50% of businesses...
· May 10

US, China Meet To ‘De-Escalate’ Trade War

Senior US and Chinese officials met in Geneva to discuss de-escalating the ongoing trade war triggered by US tariffs and China’s retaliatory levies. The talks between US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng marked the first dialogue since the tariff escalations....
· May 10

Dogecoin Surges 10%, Bitcoin Nears $104K Amid Renewed ‘Risk-on’ Sentiment

Bitcoin surged past $100,000, nearing $104,000 for the first time in over two months amid improving macroeconomic sentiment and Ethereum’s successful Pectra network upgrade. Altcoins saw gains led by Dogecoin’s 10% rally and Ethereum’s 3.5% rise, while other major cryptocurrencies like Solana, Cardano, XRP, and BNB also experienced increases of...
· May 10

FAAN opens new cargo terminal at Lagos General Aviation Terminal 

The Federal Airports Authority of Nigeria (FAAN) has inaugurated a new domestic cargo processing terminal at Lagos’ General Aviation Terminal (GAT) to modernize and enhance aviation logistics. The facility aims to improve cargo handling efficiency, scalability, safety, and connectivity, addressing bottlenecks especially for agricultural produce and e-commerce goods. The initiative,...
· May 10

IBM Replaced Hundreds of HR Workers With AI, According to Its CEO

IBM CEO Arvind Krishna confirmed that the company has replaced several hundred human resources employees with AI technologies. The layoffs were offset by new hires in programming, sales, and other critical thinking roles, leading to overall workforce growth. AI automation tools like IBM’s AskHR and AskIT agents have significantly improved...
· May 10

Bitcoin yet to hit $150K because outsiders are ghosting — Michael Saylor

Michael Saylor, founder of Strategy, attributes Bitcoin’s price not reaching $150,000 to short-term holders selling while new long-term investors enter the market. He explains that many Bitcoin holdings are transitioning from governments, lawyers, and trustees who lack a long-term perspective, leading to liquidity exits as prices rally. Saylor notes that...