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When you put your money in a bank account to save it, you’re effectively loaning your money to the bank with the hope of getting an interest in return. Traditional banks, at the end of that saving period, at most pay you only a quarter…
Since the Bitcoin whitepaper was introduced to the world in 2008, the asset class has served as a source for generating continued controversy and news. Bitcoin maxis have praised the asset class’ launch as the advent of a new and equitable money system. But critics…
One thing is for sure, there’s nothing permanent when it comes to the Internet. As the technology evolves, there are going to be changes of which the transition from centralized services on the internet to decentralized ones would be the most profound. We’re seeing Web…
More than USD 1 million up for rewards TDeFi, a crypto startup accelerator announces a Blockchain Business Hackathon in collaboration with Future Blockchain Summit at GITEX 2021-the world’s largest annual technology exhibition that takes place in Dubai. This Bizthon at GITEX is an extension of…
CryptoKitties (a game that allowed people to breed and trade digital kittens) and CryptoPunks in 2017 were the first couples of projects that carved Non-Fungible Tokens (NFTs) into the minds of Crypto enthusiasts for the first time. NFTs then saw a gradual growth over the…
The world’s second-largest stablecoin, the USD Coin (USDC), that was launched by Coinbase and Circle is set to experience a big alteration. The digital currency will no longer be backed by US dollars only. A consortium that included Coinbase Global Inc. said all of the…
In a major statement from the Crypto sector in South Korea, Upbit has become the first exchange to register with the Financial Services Commission’s (FSC’s) Financial Intelligence Unit (FIU). This development comes after crypto exchanges in South Korea were dealt a huge blow when all…
In February when the Central Bank of Nigeria (CBN) ordered banks in the country to “identify persons and/or entities” who were carrying out transactions in cryptocurrencies and/or run crypto exchanges and “ensure that such accounts were closed immediately,” a lot of Nigerians using cryptocurrencies panicked….
In what is the largest theft in the history of decentralised finance so far, on Tuesday, August 10, 2021, $610 million was stolen by hackers from DeFi token swapping platform Poly Network. DeFi is a space in the Crypto industry that is growing at a…
Blockchain technology and Bitcoin were made popular in 2008 when Satoshi Nakamoto authored and released the Whitepaper that would go on to change the way the world sees its finances. The goal was to create an alternative means of carrying out financial transactions but it…