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Zcash Gains Prominence Amid Europe’s Privacy Crackdown on Bitcoin

Zcash Gains Prominence Amid Europe's Privacy Crackdown on Bitcoin

As European regulators tighten their grip on cryptocurrency transactions, Zcash has emerged as a key player in the privacy coin arena. The latest EU proposals, which include a €10,000 cash payment limit and stricter anti-money laundering measures set for 2027, have ignited debates about financial privacy. While initial interpretations suggested that every Bitcoin transaction would require identity verification, analysts have since clarified that these rules primarily target regulated service providers, not peer-to-peer transfers. Nevertheless, the controversy has shifted focus to privacy-focused cryptocurrencies like Zcash.

Helius CEO Mert recently praised Zcash for its robust privacy features, stating it stands out among similar networks. Market commentator WallStreetBets echoed this sentiment, declaring a new ‘privacy era’ and urging traders to study Zcash. Unlike Bitcoin’s transparent ledger, Zcash offers shielded transactions that protect wallet addresses and transfer details, making it appealing as regulatory scrutiny intensifies.

Despite the hype, Zcash’s price has not surged. At the time of writing, ZEC hovered around $451, with daily trading volume dropping 29% to approximately $365 million. This follows a sharp decline earlier in the month when the asset lost over 40% in a single day due to heavy selling, partly linked to large holders and BitMEX co-founder Arthur Hayes.

Technical analysts are closely watching key support levels. Altcoin Sherpa describes the current price zone as a support region and remains bullish long-term, predicting ZEC will trade within a $350-$500 range, largely following Bitcoin’s movements. Another analyst, Ardi, identifies $440 as a crucial threshold; holding above it could lead to a breakout, while a loss might signal further declines. He forecasts a temporary bounce followed by continued downward pressure.

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EU Tightens Rules on Privacy Coins, Bitcoin Transfers Escape Direct Scrutiny

EU Tightens Rules on Privacy Coins, Bitcoin Transfers Escape Direct Scrutiny

The European Union has enacted new anti-money laundering regulations that will prevent licensed crypto firms from handling privacy-focused cryptocurrencies, while peer-to-peer Bitcoin transactions between self-hosted wallets remain outside the scope of mandatory identity checks. Starting July 2027, Regulation (EU) 2024/1624 imposes stricter customer verification duties on crypto-asset service providers and bans services that enhance transaction anonymity. The legislation also introduces a bloc-wide limit of €10,000 on commercial cash payments and broadens compliance requirements for sectors vulnerable to money laundering, such as professional football clubs and luxury goods dealers.

Under the framework, regulated entities like exchanges and custodians must perform full customer due diligence for crypto transactions of €1,000 or more. For smaller amounts, identification is still needed but with less rigorous verification. The rules explicitly forbid anonymous accounts and services that enable transaction obfuscation, including those involving anonymity-enhancing cryptocurrencies. However, the regulation does not prohibit individuals from owning or using privacy coins privately, and direct transfers between self-hosted wallets do not trigger identity verification obligations under EU law. Separate Travel Rule requirements apply when regulated intermediaries are involved in transfers with self-hosted wallets exceeding €1,000.

Beyond crypto, the regulation establishes a standardized €10,000 cash payment cap across the EU, with member states able to impose stricter limits. Cash transactions of €3,000 or more require customer identity verification. Deposits and payments through banks or electronic money issuers are exempt from this cap but remain subject to existing monitoring systems. The legislation also expands the list of entities covered by anti-money laundering rules, including crowdfunding operators and investment migration businesses, and strengthens beneficial ownership transparency requirements, with ownership thresholds set at 25% generally and 15% for higher-risk structures.

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Grant Cardone Adds 282 Bitcoin Amid Market Dip

Grant Cardone Adds 282 Bitcoin Amid Market Dip

Grant Cardone’s real estate firm, Cardone Capital, has snapped up 282 Bitcoin, worth around $18 million, as the cryptocurrency market slides due to rising geopolitical tensions. The purchase was announced on June 19 via X, with Bitcoin trading near $62,000 at the time. This follows a previous buy of 130 BTC for about $9.7 million during a recent downturn.

The firm’s Bitcoin holdings are funded through rental income from multifamily properties, including a 366-unit complex in Boca Raton. Instead of distributing extra cash flow to investors, Cardone allocates it to Bitcoin purchases. The company aims to reach 3,000 BTC by 2026 and eventually 10,000 BTC across its vehicles.

Speaking at Consensus 2026 in Miami, Cardone revealed a recent $100 million increase in Bitcoin allocation, part of a larger transaction involving $235 million in real estate. He emphasized that the firm’s structure combines Bitcoin and real estate within a single LLC, differentiating it from traditional REITs.

Cardone notes that around 80% of investors in one Bitcoin-linked real estate fund were new to Bitcoin. The firm has also launched the 10X Miami River Bitcoin Fund, pairing a 346-unit apartment complex with $15 million in Bitcoin and using rent income for further purchases. Additionally, Cardone listed his $42 million Golden Beach property on Propy, a blockchain-powered marketplace that supports Bitcoin transactions.

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Cronje Departs Sonic Board Amid Token Price Crisis and Restructuring

Cronje Departs Sonic Board Amid Token Price Crisis and Restructuring

Andre Cronje, the former chief technology officer of Sonic Labs, has resigned from the company’s board alongside Michael Kong and David Richardson, as the organization faces a severe decline in its native token and growing discontent from its community. The departures are part of a broader overhaul of the firm’s governance and executive structure, which includes the appointment of Matt Visser as the new chief executive officer and Kosta Kourkoumelis as chief operating officer. Cronje, who previously served as the technology lead for the Fantom ecosystem, clarified in a public statement that while he accepts responsibility for technical decisions, he was not involved in key choices such as the network migration process, airdrop design, tokenomics, or legacy network management. The Sonic token, which launched in January 2025 following the transition from Fantom to the Sonic layer-1 blockchain, has plunged roughly 97% from its initial value, now trading near $0.029. Technical analysis indicates the token has broken below a bearish flag pattern, with the relative strength index dropping to 34, signaling weak buying pressure, and the moving average convergence divergence remaining below zero. The leadership shakeup is part of a new governance strategy aimed at enhancing transparency and accountability, including the establishment of a risk and compliance committee. Despite these measures, market sentiment remains cautious, with key support at $0.028 and resistance near $0.032. The broader crypto industry has seen similar executive turnover, with the Ethereum Foundation also experiencing the departure of co-executive director Hsiao-Wei Wang amid reported layoffs.

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Fuji Legend Love Azeez Laid to Rest in Lagos

Fuji Legend Love Azeez Laid to Rest in Lagos

The Nigerian music industry has lost a towering figure with the passing of veteran Fuji musician Abdul Azeez Oladeji, widely known as Love Azeez, who died at 81. He was laid to rest in Ojodu-Berger, Lagos State, following Islamic rites.

Love Azeez reportedly passed away on Wednesday evening at his residence in Lagos after a brief illness. The sad news was shared by Adekunle Abiodun, the General Secretary of the Fuji Musicians Association of Nigeria (FUMAN), via a Facebook post.

On Thursday, family members, friends, fellow entertainers, and fans gathered to pay their last respects in accordance with Islamic burial customs. Abiodun prayed for the deceased, saying, ‘May the Almighty Allah grant him eternal rest, console his family, friends, fans, professional colleagues, and well-wishers to bear this irreparable loss.’

Among those who attended the burial were former Chairman of the Copyright Society of Nigeria (COSON), Tony Okoroji, and Fuji star Musibau ‘Omo Kekere’ Alani, who also serves as FUMAN’s Vice President. They, along with other members of the association and Fuji artists, paid their final respects to the music icon.

Love Azeez was a cornerstone of Nigeria’s music scene. He served as President of the Performing Musicians Association of Nigeria (PMAN) in 1989 and later led COSON. Recognized as a pioneer of Fuji music, he helped shape the genre that emerged in Lagos in the 1960s and gained mainstream acclaim through icons like Ayinde Barrister.

Over a career spanning decades, Love Azeez remained a key figure in the Fuji scene, admired for his authentic sound and distinctive voice. His hit songs include Ijapari, Barrister & Kollington’s Fight, and Alarape.

In a past interview, he recounted starting his musical journey in Agege, Lagos, performing Wéré music before transitioning to Fuji—a move that cemented his legacy. His contributions to Nigerian music will never be forgotten.

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APC, ALGON Accuse Osun Government of Deliberately Stoking LG Crisis

APC, ALGON Accuse Osun Government of Deliberately Stoking LG Crisis

Members of the Association of Local Governments of Nigeria (ALGON) in Osun State, alongside leaders of the All Progressives Congress (APC), have publicly accused the state government of intentionally fomenting tensions over the administration of local government areas. Addressing a press conference in Osogbo on Friday, Barrister Adegoke Ogunsola, speaking on behalf of the party, claimed that the government had misrepresented a recent Federal High Court ruling in a way that could provoke public unrest.

Ogunsola explained that the lawsuit, initiated by reinstated APC chairmen and councillors on September 12, 2025, aimed to clarify the start date of their tenure under Osun State laws. He noted that the court dismissed the case on June 15, 2026. According to him, the dismissal does not equate to an endorsement of the local government elections allegedly held on February 22, 2025, as the state government and its allies have been asserting. He stated, “The dismissal of the suit does not validate the so-called election results. Yet, the state government and its supporters immediately took to the streets, instigating unnecessary crises by claiming that the court ruling legitimizes the sham election.”

The APC leaders also criticized Governor Ademola Adeleke’s call for police protection for individuals he considers elected council officials, describing the move as embarrassing and a threat to public order. Ogunsola revealed that the Federal High Court judgment is under appeal, with a stay of execution application filed on June 16, 2026, and served on all relevant parties, including the police. He emphasized that those seeking to take over the councils were not parties to the suit and that no relief was granted in their favor. He urged the police not to enforce the judgment given the pending appeal.

Ogunsola quoted a portion of the court ruling that stated, “No matter the interruptions or interjections in the tenure of the elected public officer after subscription to the oath of office and oath of allegiance, the expiration date of the said tenure remains the same as per the Constitution or the statute.” He argued that this implies the February 2025 local government elections and subsequent swearing-in were null and void, a matter now before the Court of Appeal. The APC leaders called on residents to remain peaceful while warning that any breakdown of law and order resulting from the government’s actions would be its responsibility.

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SDP Confirms Alade as Candidate for Ekiti 2026 Governorship Race

SDP Confirms Alade as Candidate for Ekiti 2026 Governorship Race

The Social Democratic Party has refuted rumors that its candidate for the Ekiti State governorship election, Isaac Adebayo Alade, has dropped out of the race. The party clarified that Alade remains firmly on the ballot for the June 20, 2026 poll.

In a statement issued on Friday, SDP National Publicity Secretary Araba Rufus Aiyenigba dismissed the withdrawal claims as fabricated and aimed at misleading voters. He attributed the false report to a faction loyal to the party’s expelled former chairman, Shehu Gabam.

“The National Chairman, Prof. Sadiq Umar Abubakar Gombe, and the National Working Committee assure the public that the SDP is listed on the ballot. Ambassador Isaac Adebayo Alade is the validly nominated candidate recognized by INEC and remains a strong contender,” the party said.

The Independent National Electoral Commission has confirmed that all preparations are complete for Saturday’s election. INEC recently listed Gombe as the rightful national chairman of the SDP on its portal.

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Ekiti Election: High Voter Turnout Anticipated, Says Governor’s Aide

Ekiti Election: High Voter Turnout Anticipated, Says Governor's Aide

Yinka Oyebode, the Special Adviser on Media to Ekiti State Governor Biodun Oyebanji, has expressed confidence that the upcoming governorship election will witness a significant number of voters at the polls. He also anticipates that the electoral process will be remarkably peaceful, setting a new standard for the state.

Speaking to media executives in Ado Ekiti, Oyebode credited the expected peaceful atmosphere to the governor’s inclusive approach, which allowed all political parties to campaign freely across the state. He contrasted this with past elections marred by violence, often stemming from restrictive measures imposed by previous administrations.

“The governor treated every citizen of Ekiti as part of a single family, ensuring equal rights and opportunities regardless of political leanings, religion, or culture,” Oyebode stated. He argued that election-related violence typically arises from opposition frustration in a hostile environment, which this administration has consciously avoided.

Oyebode highlighted the impressive 91% collection rate of Permanent Voter Cards (PVCs) as evidence of growing civic engagement. He noted that no political party has reported being hindered from campaigning, a stark contrast to previous elections. “All signs point to a smooth, violence-free exercise tomorrow,” he concluded.

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2027: Atiku Can Beat Tinubu and Obi, Says Dele Momodu

2027: Atiku Can Beat Tinubu and Obi, Says Dele Momodu

Chief Dele Momodu, a prominent figure in the African Democratic Congress, has made a bold prediction regarding Nigeria’s 2027 presidential election. He asserts that the contest will prove exceptionally challenging for President Bola Tinubu, ultimately foreseeing victory for the ADC’s candidate, Atiku Abubakar.

In a recent interview on Nevon Media, Momodu outlined his vision for the election outcome. He emphasized that if Atiku performs strongly in the northern region while maintaining a competitive presence in the south, he would overcome both President Tinubu and Peter Obi. According to Momodu, the key is to secure at least 25 percent of votes in 26 states, coupled with dominance in the north, which holds the highest voter density.

Momodu’s confidence stems from Atiku’s potential to lock down northern states, where the bulk of votes lie. He believes this strategy would fulfill the constitutional requirement for winning the presidency—securing the highest total votes while meeting the 25 percent threshold in two-thirds of Nigeria’s states.

The prediction arrives as key political figures gear up for a rematch. In the 2023 election, Tinubu triumphed with about 37 percent of the vote, leveraging a stronghold in the South-West and sufficient spread across other regions. However, Momodu believes the dynamics have shifted, and Atiku is poised to capitalize.

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PRP Candidate Pledges to Defeat Adeleke in Osun Election

PRP Candidate Pledges to Defeat Adeleke in Osun Election

Dr. Oyelami Saliu, the governorship candidate for the Peoples Redemption Party (PRP) in Osun State’s upcoming election, has urged the public to refrain from hoping for Governor Ademola Adeleke’s demise. Speaking at the Osun Online Publishers Association (OOPA) media parley, Saliu, a medical doctor, assured that Governor Adeleke would remain alive to hand over power to him following the August 15, 2026, election, referencing a recent stage collapse incident involving the governor.

Saliu emphasized that political contests should not involve wishing harm on opponents. He stated that Adeleke would not only survive but also complete his term before the transition. While acknowledging the governor’s efforts, he argued that Adeleke’s achievements fall short of the people’s expectations and called for fresh leadership under the PRP.

According to Saliu, his decision to run stems from the belief that Osun needs a different governance approach. He claimed that if Adeleke’s performance were satisfactory, he would not be contesting. Saliu promised to outperform the current administration across all sectors and pledged to continue beneficial projects initiated by the incumbent.

On the subject of the state’s airport projects, Saliu said he would evaluate both under-construction airports for viability, prioritizing those with the best economic and development potential. He expressed confidence in the PRP’s ability to provide the necessary leadership for the state’s progress.