Author: Editor
Editor
is a dedicated journalist specializing in current affairs and breaking news. She is passionate about delivering accurate, timely, and well-researched stories on politics, business, and social issues. Her commitment to journalism ensures readers stay informed with engaging and impactful news.
President William Ruto, alongside several Cabinet Secretaries, made a series of government appointments in the latest reshuffle. Among the key changes, Ruto reappointed Bishop Robert Theuri Maina as the Chairperson of the Kenya National Library Services Board. Bishop Theuri’s Appointment The announcement was made through a gazette notice, confirming Theuri’s reappointment for another two-year term. His new tenure will officially begin on February 28, 2025. “In exercise of the powers conferred by section 3 (2) and Paragraph 1 (2) of the Schedule to the Kenya National Library Services Board Act, I, William Samoei Ruto, President of the Republic of Kenya…
Government Issues Strong Warning to Gachagua Over Controversial Remarks The National Cohesion and Integration Commission (NCIC) has issued a stern warning to former Deputy President Rigathi Gachagua over what it termed as “reckless remarks” that could incite division among Kenyans. In an official statement released on Monday, March 3, the commission announced that it had served Gachagua with a notice of cessation, cautioning him against making statements that violate the National Cohesion and Integration (NCI) Act No. 12 of 2008. “The National Cohesion and Integration Commission has issued a cessation notice to former Deputy President, E.G.H. Rigathi Gachagua, urging him…
Governor Natembeya Chased Away From MP’s Funeral in Malava Trans Nzoia Governor George Natembeya found himself in a tough situation on Sunday evening when he was forced to leave the home of the late Malava Member of Parliament, Malulu Injendi. Natembeya had gone to console the bereaved family but was met with hostility from a section of rowdy youth who began chanting slogans in support of President William Ruto. The situation quickly escalated, forcing the Governor’s security team to intervene and escort him to safety. Eyewitnesses reported that as the chants grew louder, it became evident that the group was…
Key Takeaways: If you plan to buy crypto using a credit card, understanding how your card issuer handles these transactions can help you avoid unnecessary charges. Here’s what you need to know. How Buying Cryptocurrency with a Credit Card Works Credit cards offer convenience, rewards programs, and buyer protection. However, these benefits don’t always apply to cryptocurrency transactions. Many credit card issuers don’t allow their cards to be used for buying crypto. Those that do typically classify crypto transactions as cash advances, which means higher interest rates and additional fees. Additionally, cash advances usually don’t earn credit card rewards. On…
When you need quick cash, two common options are crypto loans and credit card cash advances. While both provide fast access to funds, they differ significantly in terms of cost, repayment terms, and overall financial impact. Let’s compare these options to help you decide which one is better for your situation. What Are Crypto Loans? Crypto loans allow you to borrow money using cryptocurrency as collateral. These loans are typically issued by crypto lending platforms and offer flexible terms, competitive interest rates, and no credit checks. The loan amount depends on the value of your crypto holdings, and you must…
Understanding Crypto Loan-to-Value (LTV) Ratio and Its Importance What Is Loan-to-Value (LTV) Ratio? The loan-to-value (LTV) ratio is a key financial metric that lenders use to assess the level of risk associated with a loan. It measures the size of a loan compared to the value of the asset being used as collateral. A higher LTV ratio indicates a higher level of risk for the lender, which often results in stricter borrowing terms, higher interest rates, and sometimes additional financial requirements like mortgage insurance. Lenders prefer lower LTV ratios because they represent a larger equity stake from the borrower, reducing…
Cryptocurrency holders often face situations where they need liquidity but don’t want to sell their assets. If you own Ethereum (ETH), you can use it as collateral to secure a loan instead of selling it. This method allows you to access funds while keeping your ETH investment intact. Here’s a step-by-step guide on how to get a crypto loan without selling Ethereum. 1. Understand Crypto Loans Crypto loans are a form of borrowing where you use your digital assets as collateral. These loans are typically issued by decentralized finance (DeFi) platforms or centralized crypto lending platforms. Since they are collateralized,…
Cryptocurrency investing has undergone significant changes over the past decade, with stablecoins emerging as a key component of the digital asset market. Traditional cryptocurrencies like Bitcoin and Ethereum are known for their high volatility, which can be a major concern for investors seeking price stability. This is where stablecoins come into play. As their name implies, stablecoins are designed to maintain a steady value, making them a reliable option for transactions and wealth preservation within the crypto ecosystem. This article delves into the concept of stablecoins, the various types available, their role in investment strategies, and the risks associated with…
Decentralized Finance (DeFi) and Centralized Finance (CeFi) loans are two major options for crypto investors seeking to borrow or lend assets. Both have their advantages and drawbacks, but when it comes to maximizing returns, which one is better? Let’s explore the key differences and potential profitability of each. Understanding DeFi Loans DeFi loans operate on blockchain networks using smart contracts. Borrowers and lenders interact without intermediaries, making the process transparent and decentralized. Popular platforms include Aave, Compound, and MakerDAO. Advantages of DeFi Loans: Challenges of DeFi Loans: Understanding CeFi Loans CeFi loans are provided by centralized platforms like Binance, Nexo,…
The number of high-net-worth individuals (HNWIs) holding Bitcoin has surged significantly. According to the Crypto Wealth Report 2024 by Henley & Partners, there are now 85,400 people who own Bitcoin holdings worth over $1 million—an incredible 111% increase from the previous year. But why is this happening? Increased Liquidity and Greater Financial Flexibility One of the key reasons why wealthy individuals are drawn to Bitcoin is its high liquidity and flexibility. A well-known example is Tesla’s decision to purchase $1.5 billion worth of Bitcoin in 2021. According to CFO Zach Kirkhorn, the company was looking for a way to store…