Its no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within the first six months of 2021, demonstrating unheard-of financial gains for artists, brands and content creators across the globe. The rise of metaverses has also impacted the adoption of NFTs, as the world…
Ampleforth is launching its algorithmic unit of account on the Ethereum competitor Avalanche. With the changing regulatory landscape and uncertainty around what the verdict around stablecoins will be, its important for DeFi to have a financial building block thats decentralized, uncensorable and have some aspect of price predictability or stability, said Evan Kuo, CEO of Fragments, Inc., the development company…
Immunefi, a bug bounty system for smart contracts and decentralized finance (Defi) projects, has announced it raised $5.5M in funding. Investors participating in the fundraise included Blueprint Forest, Electric Capital, Framework Ventures, Bitscale Capital, P2P Capital, IDEO Colab, The LAO, BR Capital, 3rd Prime Ventures, North Island Ventures, and other individual investors. Hacking incidents are a mission-critical issue in the…
press release PRESS RELEASE. BlockBank, the platform disrupting mobile banking by blending it with decentralized finance (DeFi) and Artificial Intelligence (AI) technology, is officially launching its all-encompassing financial application in Q4 of 2021. On a mission to grow worldwide accessibility to DeFi and build users’ financial empowerment, BlockBank’s new mobile and online app will combine the best of the traditional…
Fragments Inc, the team responsible for the development of the Ampleforth Protocol, has announced that the protocol will be integrated into popular blockchain Avalanche to facilitate the introduction of unit-of-account denomination model AMPL. AMPL is an algorithmic computer programming language that holds promise as a decentralized method of denominating stable contracts for core functionalities in the DeFi space such as…
DeFi security platform Immunefi has announced a $5.5 million funding from a panoply of eleven institutional investors including Blueprint Forest, Electric Capital, Framework Ventures and Bitscale Capital, in addition to a series of private individuals. Immunefi will utilize the funds to advance its services in DeFi security, providing asset protection to smart contract protocols, as well as implementing financial incentives…
The world faces “strong inflationary pressure” in the short term and it may persist, warns the world’s richest man. In a debate about inflation, some of the best-known names in Bitcoin voiced unanimous doubts about the state of global monetary policy. Future of inflation great unknown, says Musk As even the United States Federal Reserve admits that inflation may be…
The uncertainty that prevails in Nigeria’s foreign exchange market is partly to blame for the plunge in cross-border remittances into the country, an official with the International Monetary Fund (IMF) has said. Covid-19 Another Contributing Factor According to a report by local news outlet Punch, the official, Abebe Selassie, said this in response to a question posed to him during…
NFTs, or non-fungible tokens, are blockchain-based tokens that prove ownership of digital items such as images, video files or (less commonly) physical assets. Over the course of 2021, NFTs have exploded into the mainstream, with big brands and celebrities creating and buying up NFTs, while trading volumes have exploded. Many of the NFT projects driving the craze, such as Bored…
Tether Operations Limited, the firm operating the Tether (USDT)-centric platform tether.to, announced today that it will use Notabene, an end-to-end solution for cryptocurrency Travel Rule compliance. Tether will begin testing Notabene’s cross-border transaction monitoring system for virtual asset service providers (VASPs) to combat financial crimes such as money laundering. Notabene is a new technology for monitoring cryptocurrency transactions in real-time,…
