News
Bitcoin Prices Fall To Lowest in Months
The crypto-currency dropped in value from $47,000 (£34,700) earlier this week to less than $42,000 (£31,000) per digital coin.
It follows minutes from a meeting of the Federal Reserve, which suggested it may raise interest rates.
Political events in Kazakhstan have also raised concerns about the network’s capacity.
Because of its global and decentralised nature, attributing a rise or fall in the price of Bitcoin to a single cause is difficult. But many commentators have pointed to the release of the Federal Reserve’s December meeting notes as one factor.
The minutes suggest that America’s central bank might raise interest rates sooner than some had anticipated, and sell off some of its assets.
That could have led to a knock-on effect of traditional investors who hold Bitcoin, as they pursue less risky assets instead.
At the same time, a huge amount of the world’s Bitcoin mining – the process by which transactions are verified and new “coins” made – takes place in Kazakhstan.
The massive Central Asian country has been hit with political unrest this week, as citizens took to the streets to protest against rising fuel prices. Fatal violence followed as demonstrators – which the country’s leaders paint as “rioters” – seized buildings in the capital city, Almaty.
Kazakhstan is thought to process nearly a fifth of all Bitcoin “mining”, as the process is called, due to its usually cheap electricity. And an internet shut-down earlier this week appeared to hit the processing power of the entire Bitcoin network.
This is what happened:
- Bitcoin started the week at a price above $47,000 per coin
- That began to slip by mid-week to around $46,000
- On Wednesday, the Federal Reserve minutes were released
- By Thursday, the price fell sharply to around $42,000
- It hit a low of nearly $41,000 at one point on Thursday before recovering slightly
The dip means Bitcoin has hit its lowest price since September 2020, down from a November peak of more than $60,000.
Other crypto-currencies have also seen price falls. Ethereum saw its value drop by more than 4% in 24 hours, from approximately $3,800 to under $3,200.
Matthew Dibb from Singapore-based crypto-company Stack Funds told Reuters news agency: “We are seeing broad risk-off sentiment across all markets currently, as inflationary concerns and rate hikes appear to be at the forefront of speculators’ minds.”
He also warned that “there is risk of a retreat back to the mid-30s on the short term”.
Crypto-currencies, and particularly Bitcoin, continue to face criticism.
So, starting today we are reviewing if and how our current policy on crypto donations fits with our climate goals. And as we conduct our review, we will pause the ability to donate cryptocurrency. 3/4
— Mozilla (@mozilla) January 6, 2022
The Mozilla Foundation – the group which makes the Firefox web browser among other open-source software projects – announced it would no longer accept crypto-currency donations after pushback from users.
The group has accepted crypto-currency donations for years, but a recent tweet reminding people of that fact led to an angry response, as the digital currency’s energy use and unregulated nature continue to be controversial among many critics.
Fitness meets cultural expression as GOOD SWEAT prepares to bring its CULTURE RUN experience to Lagos on Saturday, October 31, 2026.
Designed around the connection between physical wellness and cultural identity, CULTURE RUN offers participants an opportunity to embrace an active lifestyle while celebrating the richness of African culture. The event brings together fitness enthusiasts, culture lovers, and individuals looking for a refreshing way to connect through movement and shared experiences.
The run is scheduled to begin at 4:30 PM, setting the stage for an evening that extends beyond fitness. At 6:00 PM, participants can look forward to the CULTURE PARTY, the event’s post-run celebration.
Adding to the experience is a distinctive dress code that encourages attendees to wear their regular running kits with a touch of cultural wear. This creative blend of athletic apparel and traditional-inspired fashion gives participants an opportunity to express their individuality while celebrating their cultural roots.
The event will take place at Bistrot Samantha’s, located at 7/12 Rumen’s Road, Ikoyi, Lagos.
With its combination of fitness, fashion, culture, and social interaction, CULTURE RUN aims to create an experience that extends beyond the running track, bringing people together through a shared appreciation for wellness and cultural expression.
As Lagos continues to embrace lifestyle experiences that combine fitness with social engagement, CULTURE RUN offers an opportunity for participants to stay active, celebrate their heritage, and connect with like-minded individuals in a vibrant setting.
EVENT DETAILS
Event: CULTURE RUN
Presented by: GOOD SWEAT
Date: Saturday, October 31, 2026
Run Time: 4:30 PM
Post-Run Party: 6:00 PM
Dress Code: Running kit with a touch of cultural wear
Venue: Bistrot Samantha’s
Address: 7/12 Rumen’s Road, Ikoyi, Lagos, Nigeria
itel, the technology empowerment brand for masses, officially unveiled its new product A300+, brand’s first interactive dual-screen smartphone in its price range. itel A300+ comes with a comprehensive set of features — a 7000mAh marathon battery, IP65 military-grade durability, and satellite communication capability, demonstrating that innovation and complete product strength can coexist at an accessible price point.
A First-of-Its-Kind Rear Screen Experience: Interactive Innovation for a New Generation
itel A300+ coming with an interactive rear display is a rare feature in this price category, designed to deliver a smart entertainment experience for young generations. Far from being a cosmetic gimmick, the rear screen provides practical functions built around real everyday scenarios. Users can frame selfies using the higher-quality rear camera with a live preview on the back screen, glance at incoming messages and alerts without waking the main display, and play, pause, or skip tracks directly from the rear screen. The rear display also supports customizable clocks, photos, and designs, giving users a personal window to express their individual style. Complementing the rear screen, the A300+ features a 6.78-inch immersive punch-hole main display, offering a cleaner, more expansive viewing experience for streaming, gaming, browsing, and social media.
Performance and Value in Balance: Delivering Fresh Technology Despite Industry Pressure
Even amid rising industry costs, itel has chosen to bring fresh technology to its products while continuously improving performance and keeping pricing accessible. The A300+ is powered by a 7000mAh marathon battery engineered for long-term reliability, supporting up to 1,200 charging cycles — far exceeding the industry standard, and designed to retain healthy capacity. AI Charging Protection intelligently manages charging patterns to reduce battery degradation, while Smart Power Management optimizes power consumption across apps and hardware to extend usage time between charges.
The device also features 300% ultra-volume DTS stereo speakers, delivering rich, room-filling sound for music, videos, FM radio, and everyday entertainment. Built to withstand daily life and beyond, the A300+ carries IP65 water and dust resistance certification and meets military-grade durability standards, resisting splashes, dust, and accidental drops. Notably, the A300+ includes satellite communication capability, ensuring users can still send basic messages via satellite when cellular networks are unavailable — a safety net in remote areas, during natural disasters, or in other critical situations, setting it apart in its price segment.
The A300+ is built on a clear product philosophy, rather than relying on a single headline feature, it combines its key strengths into one complete product story. The rear screen captures attention first, while battery life, durability, and practical usability make the overall value proposition convincing. With the A300+, itel once again demonstrates its commitment to using innovation to meet the needs and desire for novelty among young users in emerging markets.
The itel A300+ is available in two variants: the 64GB ROM and 128GB ROM and they are both available in all phone retail stores in Nigeria or via online store HERE
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