News
CRYPTO: Trump to Host Top Industry Leaders
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2025/01/Donald-Trump-1-1000x575.jpg&description=CRYPTO: Trump to Host Top Industry Leaders', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2025/01/Donald-Trump-1-1000x575.jpg&description=CRYPTO: Trump to Host Top Industry Leaders', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
U.S. President Donald Trump will host top crypto industry leaders at the White House on Friday, marking a significant shift in the administration’s approach to digital assets.
The summit comes as the cryptocurrency sector enjoys renewed momentum following Trump’s election victory.
The event, led by Trump’s newly appointed “crypto czar,” Silicon Valley investor David Sacks, will bring together prominent figures in the space, including Gemini founders Cameron and Tyler Winklevoss. Reports suggest that Coinbase CEO Brian Armstrong and Michael Saylor, the head of Bitcoin investment firm MicroStrategy, will also be in attendance.
Trump’s engagement with the industry has been personal as well as political. In January, he launched his own “Trump” memecoin in partnership with the exchange platform World Liberty Financial, following a similar move by former First Lady Melania Trump.
These ventures have drawn accusations of conflicts of interest.
During his campaign, the crypto community overwhelmingly backed Trump, pouring millions into his effort to unseat Joe Biden, whose administration had taken a more skeptical stance on digital currencies and imposed tighter regulations. Now, industry players are looking for policies that will accelerate crypto adoption and provide long-sought legitimacy.
The summit comes at a crucial time for the sector, which continues to grapple with the fallout from the collapse of FTX, once one of the world’s largest crypto exchanges. Its founder, Sam Bankman-Fried, was convicted of fraud and is currently serving a 25-year prison sentence.
For advocates, cryptocurrencies represent a financial revolution, offering an alternative to centralized banking and serving as a hedge against inflation and political instability. Bitcoin, the world’s most traded digital asset, is increasingly compared to gold as a store of value.
However, critics warn that digital assets remain highly speculative and vulnerable to abuse. Law enforcement agencies have raised concerns over their potential use in money laundering, while the rise of “memecoins” – cryptocurrencies based on internet trends or celebrities rather than technical innovation – has fueled worries about market manipulation and pump-and-dump schemes.
Despite his past skepticism, Trump has now positioned himself as a champion of crypto innovation, declaring his intent to make the United States a global leader in digital finance. The upcoming summit is expected to set the tone for his administration’s policies on the industry moving forward.
The summit comes as the cryptocurrency sector enjoys renewed momentum following Trump’s election victory.
The event, led by Trump’s newly appointed “crypto czar,” Silicon Valley investor David Sacks, will bring together prominent figures in the space, including Gemini founders Cameron and Tyler Winklevoss. Reports suggest that Coinbase CEO Brian Armstrong and Michael Saylor, the head of Bitcoin investment firm MicroStrategy, will also be in attendance.
Trump’s engagement with the industry has been personal as well as political. In January, he launched his own “Trump” memecoin in partnership with the exchange platform World Liberty Financial, following a similar move by former First Lady Melania Trump. These ventures have drawn accusations of conflicts of interest.
During his campaign, the crypto community overwhelmingly backed Trump, pouring millions into his effort to unseat Joe Biden, whose administration had taken a more skeptical stance on digital currencies and imposed tighter regulations. Now, industry players are looking for policies that will accelerate crypto adoption and provide long-sought legitimacy.
The summit comes at a crucial time for the sector, which continues to grapple with the fallout from the collapse of FTX, once one of the world’s largest crypto exchanges. Its founder, Sam Bankman-Fried, was convicted of fraud and is currently serving a 25-year prison sentence.
For advocates, cryptocurrencies represent a financial revolution, offering an alternative to centralized banking and serving as a hedge against inflation and political instability. Bitcoin, the world’s most traded digital asset, is increasingly compared to gold as a store of value.
However, critics warn that digital assets remain highly speculative and vulnerable to abuse. Law enforcement agencies have raised concerns over their potential use in money laundering, while the rise of “memecoins” – cryptocurrencies based on internet trends or celebrities rather than technical innovation – has fueled worries about market manipulation and pump-and-dump schemes.
Despite his past skepticism, Trump has now positioned himself as a champion of crypto innovation, declaring his intent to make the United States a global leader in digital finance. The upcoming summit is expected to set the tone for his administration’s policies on the industry moving forward.
News
ALERT! Terrorists planning attacks on worship centres, schools, NYSC camps – Police issue alert
The Nigerian Police Force High Command has placed formations nationwide on red alert over alleged planned terror attacks on worship centres, schools, National Youth Service Corps, NYSC, orientation camps and other public places across the country.
According to Premium Times, the police also revealed that intelligence had shown the movement of armed elements from Katsina through Kaduna towards Plateau State.
The development followed fresh intelligence indicating increased mobilisation of terrorist elements for possible coordinated attacks on places of worship, learning institutions, NYSC orientation camps and other vulnerable targets across the country.
The findings showed that following the intelligence report, the high command has issued an operational order to its formations nationwide on the need to put the criminal elements in check before they will strike.
News
Gov. Soludo reveals Obi, Obiano accumulated debts still hanging on Anambra
The Anambra State Government has said it is still servicing loans inherited from the administrations of former governors Peter Obi and Willie Obiano, even as it maintains that Governor Chukwuma Soludo has not borrowed from any commercial bank since assuming office.
The Commissioner for Finance, Izuchukwu Okafor, said the state’s debt burden had fallen by more than 83 per cent under Soludo, with the administration also clearing several inherited domestic obligations.
Okafor disclosed this during a Ndi Anambra podcast uploaded by Anambra State New Media on Monday while explaining the state’s finances and debt position.
He said repayments on loans secured by previous administrations continued to be deducted from Anambra’s allocation through the Federation Account Allocation Committee, including obligations dating back to the Obi and Obiano administrations.
“Yes, every month during our FAC meetings, and when you see the schedule of FAC, you will notice there were substantial, significant deductions from our own FAC because of loans previously borrowed by previous administrations,” Okafor said.
“These loans were borrowed, you know, during the time of, even, not the immediate predecessor, even during the time of Peter Obi and Willie Obiano, His Excellency, the past governors,” he said.
According to the commissioner, the Soludo administration had focused on managing the inherited obligations while avoiding new commercial borrowing.
“It’s on record, you know, that this administration has not borrowed a kobo from any commercial bank since the inception of this administration,” he said.
Okafor said the government had also settled a number of legacy liabilities, including unpaid contracts, gratuity and pension arrears, bringing the state’s domestic debt close to zero.
“But I will give you an example for our domestic debt, the control, the legacy, what we call legacy debts, you know, the contracts that were not paid, not owing, the gratuity arrears, pension arrears, we’ve been able to clear all that,” he said.
He added, “In terms of, so, our domestic debt as of today is near-zero balance.”
The commissioner attributed the reduction in the overall debt burden to repayments made by the administration, saying several inherited loans had already been settled.
“But I will also say that Mr Governor has not borrowed a penny. We have been able to manage the debt, the state debt, very well, that we have brought it down by more than 83 per cent as of today. I’ve been able to repay back most of these loans,” he said.
External obligations, however, remain part of the state’s financial commitments. Okafor explained that repayments on some foreign-denominated loans are deducted from the state’s federal allocation under the terms attached to the facilities.
“But following as well, external debts, which is foreign loan-denominated debts, when you look at it, because there are some covenants around the period it will take to pay off these loans, particularly deducted as such when we are doing FAC,” he said.
“Before they limit Anambra’s own allocation, they will deduct it as such, because most of them, World Bank loans and other loans, they committed.”
Okafor also disclosed that the state had recently fully repaid one of its debts.
“There is one debt that we recently paid off, CAGS,” he said.
He said the reduction in inherited liabilities had given the government more room to finance other priorities.
“So, in a nutshell, I’ve been able to, you know, create more fiscal space for Anambra State,” Okafor said.
He added, “This administration has been able to create more by paying off, you know, backlog of numerous debts inherited from previous governments, starting from the time of Peter Obi.”
News
Sad: Nine passengers killed as gunmen open fire on bus in Plateau
No fewer than nine passengers were killed when gunmen opened fire on a commercial bus at Dungus Junction in Kuru community, Jos South Local Government Area of Plateau State.
Residents told journalists that the incident occurred when the bus driver parked to allow some passengers alight at the junction.
According to Daily Trust the bus which was heading to Jos was stained with blood and riddled with bullets.
Lawan Suleiman, a neighbor and teacher of one of the victims, confirmed the incident, adding that the attack occurred while the bus was stopped at the junction.
He said, “The driver is Ibrahim and he was my student. Three of them are from our community here in Bukuru. Their bodies have been deposited at the hospital. But relatives are preparing to collect them for burial.”
Spokesman of the Berom Youth Moulders, BYM, Rwang Tengwong, also confirmed the incident saying the victims were passengers travelling to Jos when the attackers opened fire on their vehicle.
“The incident happened around 9.40p.m. The victims were all passengers travelling to Jos when the terrorists opened fire on the vehicle. Among those killed was a member of Operation Rainbow. It is a very sad development and we lament the loss of lives.”
According to him, some of the passengers sustained gunshot wounds and were rushed to hospitals, where some later died.
Plateau state police command is yet to issue a statement regarding the incident as of press. (Daily Trust)
-
News17 hours agoThey Are Permanently Silent – Ortom Challenges Alia To Account For ₦1.2trn FAAC Revenue Since 2023
-
Entertainment17 hours agoCeline Dion Weeps On Stage As She Returns To The Stage After Six Years
-
Politics17 hours agoComparative analysis as Obi lists ten achievements in public office, Tinubu’s ten failures as president
-
News17 hours ago2027: Why Igbos May Not Vote APC Despite Governors’ Defection — Party Chieftain
-
News17 hours agoSad! Cross River Commissioner dies in Abuja
-
News17 hours agoArmy Denies Reports Of Islamic Scholars Abduction In Senator Yariu’s House
-
Economy17 hours agoPetrol price hits N1,430 as Dangote raises depot rate
-
News17 hours ago2027: Why I stopped backing Peter Obi — Prophet reveals

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login