Author: Editor

What is Overcollateralization in Crypto Loans? Overcollateralization is a crucial concept in crypto loans, often used to manage risk in the lending process. In simple terms, it refers to the practice of providing collateral that exceeds the value of the loan being borrowed. This ensures that the lender is protected in case the value of the borrower’s crypto assets fluctuates or the borrower defaults. How Overcollateralization Works In the world of crypto loans, overcollateralization means that a borrower must pledge more collateral than the loan’s value. For example, if you wish to borrow $1,000, the lender might require $1,500 worth…

Cryptocurrencies such as Bitcoin and Ethereum have gained significant attention due to their decentralized nature, security, and the near-anonymous transactions they facilitate. These characteristics are at the heart of their peer-to-peer structure, allowing people to send and receive funds without the need for a central authority overseeing the process. But how does this automated and pseudonymous system ensure that every transaction is handled with accuracy and legitimacy, all without any interference? This is where the concept of cryptography comes in, playing a crucial role as the foundation of cryptocurrency blockchains. Key Takeaways What Does ‘Crypto’ Really Mean in Cryptography? The…

Cryptocurrencies like Bitcoin and Ethereum have become increasingly popular due to their decentralized structure, security features, and near-anonymous nature. These unique qualities are the foundation of their peer-to-peer systems, allowing individuals to transfer digital assets or funds without the involvement of any central authority. But how do these automated and pseudonymous systems of cryptocurrency ensure that all transactions are carried out accurately and authentically without any oversight? This is where the core principle of cryptography comes into play, which underpins the operation of cryptocurrency blockchains. Key Takeaways The Role of Cryptography in Cryptocurrency The term “crypto” comes from the Greek…

Former IEBC Chairperson Wafula Chebukati to Be Laid to Rest on March 8, 2025 Former Independent Electoral and Boundaries Commission (IEBC) chairperson Wafula Chebukati will be buried on March 8, 2025, at his home in Sabata village, near Kitale in Trans Nzoia County. His family confirmed the burial date through a statement issued by their spokesperson, Eric Wafula Nyongesa. While addressing the media, Nyongesa disclosed that Chebukati had been battling brain cancer, which led to multiple surgeries as part of his treatment. He revealed that the former IEBC chairperson suffered a cardiac arrest on the night of Thursday, February 20,…

Auditor General Uncovers Employment Law Violations in State House and Deputy President’s Office A new report from the Office of the Auditor General has revealed that State House and the Office of the Deputy President violated key employment laws during the 2023/2024 financial year. The report highlighted serious breaches, including illegal salary deductions and failure to follow laws on ethnic diversity in public employment. Unlawful Salary Deductions According to the Auditor General, several employees in both State House and the Deputy President’s Office received significantly reduced salaries that went against the Employment Act of 2007. The law states that deductions…

Veteran KTN News Anchor Njoroge Mwaura Passes Away Renowned journalist and former KTN news anchor Njoroge Mwaura has passed away. His wife, Lucy Njoroge, confirmed his death on Monday, February 24. She revealed that Mwaura breathed his last at a hospital in Nairobi after experiencing complications following surgery. However, the exact illness leading to his demise was not disclosed. Mwaura was a respected figure in the media industry, widely known for his segment, Njoroge’s Notebook, where he tackled various national issues. He played a key role in mentoring young journalists, earning him the title The TV Legend. His articulate delivery…

Jeremiah Kioni: Opposition Divisions Could Secure Ruto’s Re-election Jubilee Party Secretary-General Jeremiah Kioni has suggested that President William Ruto stands a strong chance of winning a second term if his inner circle remains well-coordinated. Speaking on NTV on February 24, Kioni pointed out that the ongoing divisions within the opposition could give Ruto a significant advantage in the 2027 elections. According to Kioni, the Orange Democratic Movement (ODM) is currently experiencing internal conflicts, which could work in Ruto’s favor, especially if he successfully strengthens his United Democratic Alliance (UDA). “If the confusion within the opposition continues, President Ruto will have…

Government to Arm Police Reservists After Deadly Attack in Turkana Interior Cabinet Secretary Kipchumba Murkomen has announced plans to equip police reservists with firearms following a deadly attack by suspected Ethiopian militia. The attack, which occurred along the Kenya-Ethiopia border in Todonyang, Turkana County, claimed the lives of several Kenyan fishermen. Speaking on Monday, February 24, after visiting the affected region, Murkomen expressed the government’s commitment to tackling insecurity along Kenya’s borders. He assured residents that both short-term and long-term measures were being put in place to prevent further attacks. “National Police Reservists, who play a crucial role in supporting…

Campbell Scott, a British businessman who was reported missing in Westlands, Nairobi, last week, has been found dead. Makueni County Police Commander Alice Kimeli confirmed Scott’s death on Monday, February 24. His decomposed body was discovered in Makongo Forest, located approximately 96 kilometers from the last place he was seen alive. Herders in the area stumbled upon the body, which had been stuffed inside a green sack. Initially, authorities could not immediately confirm if it was Scott due to the advanced state of decomposition. However, forensic identification later confirmed that the remains belonged to the missing 58-year-old businessman. Investigators suspect…

Iwao Hakamada: 46 Years in Prison for a Crime He Didn’t Commit Iwao Hakamada’s story is one of the most heartbreaking and significant cases of wrongful conviction in modern history. A former professional boxer from Japan, Hakamada’s life was turned upside down when he was wrongfully accused of a horrific crime in 1966. The crime in question was the brutal murder of his boss, the boss’s wife, and their two children. The family was discovered in their home, which had been set on fire after the murders. At the time of the crime, Hakamada worked at a soybean factory owned…