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Ruto Government Borrowed Ksh68 Billion in Three Months, Report Reveals A report presented to the National Assembly has disclosed that President William Ruto’s government secured external loans amounting to Ksh68 billion between September and December last year. The report, submitted to Parliament by the National Treasury on Thursday, February 13, indicates that most of these loans were obtained to cover budget deficits and fund infrastructure projects across the country. Biggest Loan from Italy Among the loans acquired in the final quarter of the year, the largest was a Ksh20 billion credit facility from Italy. The government secured this loan on…

Authorities in Mombasa have arrested four individuals, including two foreign nationals, for running a fraudulent university that issued academic certificates within an unusually short period. The suspects allegedly operated a fake institution near a well-known hotel in Mombasa, where they offered Master’s and PhD certificates after just three days of training. Detectives launched investigations after receiving intelligence about the illegal activities. Officers from Bamburi Police Station moved in swiftly and arrested the four suspects, including an American and a Pakistani national. In a dramatic turn of events, police raided the premises just in time to halt an ongoing graduation ceremony…

As the world of cryptocurrency continues to grow, finding the best crypto interest rates can be challenging. With the rise of decentralized finance (DeFi) and centralized finance (CeFi), many platforms now offer crypto lending, staking, and margin trading. Whether you’re an investor looking to earn passive income on your idle assets or a trader exploring lending opportunities, understanding where to get the highest crypto yields is essential. This article provides an in-depth look at the top crypto lending platforms, comparing their interest rates and helping you determine the best place to grow your digital assets. All interest rates listed here…

A Beginner’s Guide to Crypto Loans: How They Work and What You Need to Know Cryptocurrency has changed the financial world by introducing decentralization, a key principle that removes the need for traditional banks. One major aspect of this shift is Decentralized Finance (DeFi), which provides financial services based on blockchain technology. Among these services, crypto loans have gained popularity. But how exactly do crypto loans work? What is a Crypto Loan? A crypto loan is a secured loan where a borrower uses cryptocurrency as collateral to obtain cash or another digital asset. The lender provides the loan, and once…

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Now.gg is a popular cloud gaming platform that allows users to play Roblox without downloading it on their devices. However, if you’re looking for alternatives due to server issues, region restrictions, or simply wanting to explore other options, here are the best alternatives to Now.gg for playing Roblox online. 1. BlueStacks X BlueStacks X is a cloud gaming service that offers Roblox and other games without requiring high-end hardware. It provides a smooth gaming experience, supports multiple platforms, and allows users to play directly from their web browsers. Key Features: 2. NetBoom NetBoom is another cloud gaming platform that lets…

Cloud gaming allows you to play high-end games on any device without needing powerful hardware. With the rise of cloud gaming services, players can now stream games directly to their smartphones, tablets, PCs, or smart TVs. The best part? You can play many cloud games for free. Here’s how you can do it. 1. Use Free Cloud Gaming Platforms Several cloud gaming services offer free access to games, either with limited hours or through specific promotions. Some of the best options include: 2. Take Advantage of Free Trials Many premium cloud gaming services offer free trials, which can be used…

Key Takeaways Spot Bitcoin ETFs began trading on January 11, 2024, offering a simpler and more accessible way for investors to enter the world of cryptocurrencies. The launch played a significant role in driving the price of bitcoin (BTC) to new all-time highs as investors eagerly funneled billions into these new investment products. How ETFs Made Bitcoin Investing More Accessible Before the advent of Spot Bitcoin ETFs, investors needed a cryptocurrency wallet and would buy bitcoin directly from a cryptocurrency exchange. This required a certain level of technical knowledge and comfort with handling digital assets. However, Spot Bitcoin ETFs have…

The Shift of Traditional Finance Into Crypto In recent years, the financial world has witnessed a significant shift as major banks and hedge funds increasingly allocate capital to cryptocurrency investments. What was once seen as a niche market dominated by retail traders and tech enthusiasts is now drawing attention from institutional investors looking to capitalize on the potential of digital assets. Why Are Banks and Hedge Funds Investing in Crypto? How Are Banks Investing in Crypto? Hedge Funds’ Crypto Investment Strategies Hedge funds are taking different approaches to crypto investments: Challenges and Risks While institutional interest in crypto is growing,…

Cryptocurrency investments come with high risks and potential rewards. A well-diversified portfolio can help you mitigate risks while maximizing returns. Here’s how you can effectively diversify your crypto investments. 1. Invest in Different Crypto Categories Not all cryptocurrencies serve the same purpose. Diversify by investing in different categories: 2. Allocate Funds Based on Risk Tolerance Your portfolio allocation should reflect your risk appetite: Adjust these percentages based on market trends and personal comfort. 3. Spread Investments Across Different Blockchains Different blockchains have unique advantages and use cases. Diversify by investing in projects on various networks like: 4. Include Crypto-Related Assets…