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Experts Say Nigeria’s Blockchain Adoption Strategy Likely to Add Clarity and Legitimacy to Ecosystem
9.5.2023
The recent approval of a blockchain adoption strategy by the Nigerian government has been described as a milestone that will “add clarity, trust and confidence in the [blockchain] ecosystem.” The unveiling of the adoption strategy document has also been hailed as a step that will lend...
Digital Assets for 1 Billion Rubles Issued in Russia in a Month
7.5.2023
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s...
Ukraine, US Shut Down 9 Cryptocurrency Exchanges
4.5.2023
Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platforms were allegedly processing dirty money obtained from ransomware attacks and various fraud schemes. Cyberpolice, US Investigators Bust...
Crypto.com Unveils Amy: An AI-Powered Companion for Crypto Enthusiasts
2.5.2023
This year, the world has witnessed a surge in the popularity of artificial intelligence (AI) software, with a plethora of cutting-edge platforms such as Openai’s Chatgpt 3.5, Chatgpt 4.0, DALL-E, Stable Diffusion, and other innovative tools like Midjourney and Google’s Bard taking...
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
29.4.2023
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes...
How DeFi platforms leverage Blockchain technologies to achieve enhanced security & liquidity?
25.4.2023
The Blockchain industry boasts several niches where projects and businesses develop solutions for various use cases. One of these niches is decentralized finance (DeFi), which has emerged as an alternative to traditional financial services. What is Decentralized Finance (DeFi)? Decentralized...
Hack negotiations: Why do platforms with ineffective bounty programs pay a higher price
24.4.2023
Steven Walbroehl, a former bounty hunter, said that companies would sometimes downplay bug discoveries and not pay bounties, claiming that the bugs were not critical
US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine
24.4.2023
A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon...
BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’
13.4.2023
The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions...
Riot Platforms and Marathon Digital Lead Crypto Stock Gains as Bitcoin Settles in Above $30K
11.4.2023
Bitcoin on Monday evening pushed through $30,000 for the first time since June 2022
Crypto Exchange Bittrex Shuts Down US Operations Due to Regulatory Uncertainty
2.4.2023
Cryptocurrency exchange Bittrex is shutting down its U.S. operations due to “continued regulatory uncertainty” as U.S. regulators increase their enforcement efforts against cryptocurrency trading platforms. Regulatory requirements currently “are often unclear and enforced without...
‘AI Tools Will Provide Very Interesting Enhancements for the Metaverse’ — Upland Co-Founder
1.4.2023
According to Dirk Lueth, co-founder of the Upland Metaverse, the colonization of the metaverse by tech giants and the building of so-called “walled garden systems” is not sustainable. Lueth argues that instead of “locking users in,” the metaverse should usher in “a...
Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows
30.3.2023
Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto...
Sony eyes NFT transfers across multiple game platforms, reveals patent
25.3.2023
Sony’s NFT framework aims to integrate NFTs into gameplay, with the technology representing skins and other popular in-game functionalities
What are the Howey test and its implications for cryptocurrency?
18.3.2023
The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more
Meta’s NFTease and AI’s Impact on Web3
17.3.2023
Meta Platforms announced it was ending its support for NFTs after less than a year from its initial test program. The move is a setback for Web3 creators who use social media to promote their art and interact with their community – and signals that Meta maybe hasn’t yet figured out how to dive into...
Artists Finally Have A Tool To Help Fight Back Against 'AI' Platforms
17.3.2023
It’s been almost a year since the emergence of “AI art” platforms (it’s neither truly “AI” or art), and in that time artists have had to sit back and watch helplessly as their creative works have been sucked up by machine learning and used to create new images without either credit...
Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers
15.3.2023
Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade...
Meta Winding Down Support for NFTs on Facebook, Instagram
15.3.2023
U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens...
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
12.3.2023
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades...