Kashifu Inuwa Abdullahi, who holds the position of Director-General at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service Corps (NYSC) certificates within Nigeria. The National Youth Service Corps is a program in Nigeria that requires university graduates under 30 years old to undergo a one-year…
Month: August 2023
Dollar Strength in the Global Economy ‘Is Under Threat’, Says Circle CEO
The Circle CEO’s latest call to action is a heady mix of fear, optimism, and Americana. In a recent video ad, Jeremy Allaire is found humbly enjoying a coffee in a typical American diner. “What does a cup of coffee have to do with the future of the global economy,” he asks. He then flits through crypto’s ability to “fundamentally…
Bolero ‘Song Shares’ Paints Bright Future for Future of NFT-fueled Music
Since rolling out its new “Song Share” for artists, Bolero’s founders think that they finally have proof that Web3 music has a real future. The French start-up’s model offers fans micro-ownership over an artist’s music, allowing them to earn a percentage of any royalties the song generates. The platinum track “Brothers,” released by French rapper Rilès in 2016, headlined this…
Biden administration launches AI cybersecurity challenge to ‘protect Americans’
The Biden administration revealed an opportunity on August 9, for hackers to vie for substantial monetary rewards through the application of artificial intelligence (AI) in safeguarding vital United States infrastructure from cybersecurity vulnerabilities. In spring, a preliminary phase will select up to 20 high-performing teams for DEF CON 2024’s semifinals. Of these, a maximum of five teams will earn $2…
BNB Chain hard fork to improve security & compatibility with EVM chains
Binance’s proprietary BNB Smart Chain (BSC) is set to undergo two hard forks through August 2023 that are aimed at reducing the possibility of a malicious blockchain reorganization and increasing the compatibility with other EVM blockchain networks. The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30 respectively, following extensive testing. The Plato upgrade, which has already…
SEC use of Terraform ruling hints Coinbase dismissal motion attack plan
A recent filing from the United States Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United could shed light on how it may approach the case against Coinbase. On July 31, the SEC scored a win after District Judge Jed Rakoff denied Terraform Lab’s motion to dismiss the case, rejecting its argument that relied on the…
SEC to seek appeal and stay in Ripple Labs court case
The Securities and Exchange Commission’s appeal in the ongoing case comes nearly a month after Judge Analisa Torres laid out her ruling. Source: https://cointelegraph.com/app/public/index.php/news/sec-seek-interlocutory-appeal-ripple-case
‘No fucking way’ — Joe Rogan, Post Malone slam US government CBDC
Podcaster and commentator Joe Rogan has blasted the idea of a United States central bank digital currency (CBDC), describing a digital dollar as a “game over” scenario for American citizens. In an Aug. 8 episode of the widely-watched podcast Joe Rogan Experience, Rogan and rapper Post Malone turned to topics surrounding the U.S. financial system, pausing to focus on the…
NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum
Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in line with its DeGods NFT collection. 1. y00ts will be migrating to Ethereum. — y00ts (@y00tsNFT)…
Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait
Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem. An Aug. 9 decision from Justice Elena Kagan declined to let a federal appeals court decision take immediate effect as…