2022 was quite the year for crypto. It saw incredible innovation and greater adoption. This progress was accompanied by some major growing pains, including major hacks and scams amid an overall bear market. The unexpected developments that took place towards the year’s end, such as a trend towards the removal of creator royalties and FTX’s collapse, will reshape the space in…
Although the learning curve for using decentralized finance (DeFi) is steeper than with centralized exchanges, DeFi and its use of immutable smart contracts open up prospects for a more inclusive world. But how can we navigate the core functions of DeFi, use them effectively and profit? Understand key protocols Lending and borrowing Emerging in 2017 with the launch of MakerDAO,…
The metaverse is becoming a destination for more brands, companies and communities to connect. A study from December 2022 revealed that 69% of users believe metaverse entertainment will reshape social life. Recently, the legacy music and arts festival Woodstock, known for being the most famous of the 1960s rock festivals, announced that it would reinvent itself as a digital world…
Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will Provide Access to User Funds Crypto exchange Bitzlato is taking steps to restore operations and immediately permit customers to withdraw bitcoin,…
press release Press Release. LONDON, ENGLAND – February 2nd, 2023 – Neon Link, a blockchain gaming company building a technologically robust and scalable environment, announced its opening of the presale of the $NEON token, taking place on the 15th February at 5PM UTC, which is set to fuel the next generation of games that sit on top of the project’s…
Solana-based DeFi borrowing and lending platform Everlend announced that it’s shuttering the project and its future development. In yesterday’s announcement, the project highlighted a lack of liquidity and the overall shrinking of the borrowing and lending market as the causes of its demise. “Liquidity is just not there and this is so not just about Solana and the B/L [borrowing…
One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company said that CBDC support is already rolled out at Freshpik, its gourmet store line. In addition, the firm also…
The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former member of the monetary policy committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again about whether the ban on cryptocurrency trading…
South Korean authorities have arrested the former chairman of crypto exchange Bithumb, on charges of embezzlement and market manipulation. Prosecutors accused Kang Jong-Hyun of conspiring with a business partner to manipulate stock prices and steal 60 billion won ($49 million) from his company, local news outlet JTBC reported. The Seoul Southern District Prosecutor’s Office had sought the arrest of Kang…
Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a claim that is being propagated by persons who do not fully grasp the dynamics in the country and should therefore…
