What are KYC and AML? Why are they Relevant for Digital Assets?

Banks and other financial services providers use KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to combat fraud, money laundering, and terrorist financing. These concepts have been around for a while and initially supported banks and financial institutions.  However, with the emergence of digital assets like Bitcoin, these rules are also being applied to […]

Is Solana Outgrowing Ethereum with Gas Fees and Transaction Speed?

Due to the recent industry maturity in the crypto space, the market capitalization for top cryptocurrencies keeps changing. An instance is the case of Solana (SOL), which has recorded more than 2,500 transactions every second. As a result of this, its value is making a moon ride. In over a year, Solana’s price had grown […]

Shiba Inu’s team warns the community to beware of scammers

The team behind Shiba Inu (SHIB), a meme token that seeks to kill Dogecoin (DOGE), has warned investors to beware of an ongoing SHIB-related scam. The scam alert came in the form of a tweet on November 21, noting that malicious actors have been propagating the scam on multiple social media platforms. Specifically, the fraudsters […]

Fidelity becomes Canada’s first institutional Bitcoin (BTC) custodian

Fidelity Investments, a renowned financial services company, has unlocked another milestone. The company’s subsidiary, Fidelity Clearing Canada, has won the regulatory approval of the Investment Industry Regulatory Organization of Canada (IIROC) to launch the first institutional BTC custodial service in Canada.  According to the report, Fidelity Clearing Canada will enable Canadian pension funds, mutual funds, […]

Crypto.com and AEG ink a $700M deal to rename Staples Center

Hong Kong-based Crypto.com has signed a deal with Anschutz Entertainment Group (AEG), the owner of the Staples Center, to rename the 20,000-seat stadium Crypto.com Arena. A report unveiled this news earlier today, noting that the crypto platform parted with $700.00 million to secure naming rights to the arena. Reportedly, this is the largest naming right […]

What is the Problem with Facebook’s Metaverse Evolution?

The pandemic has seen massive adoption in the metaverse concept. For some people, virtual and augmented reality is something they have lived on Zoom. Community-built and operated worlds like The Sandbox, CryptoKitties, and Decentraland use the gaming market, where people can buy or rent digital real estate, crypto-collectibles, and host online events. Virtual Reality platforms […]

SEC stops American CryptoFed from registering its two tokens

The US Securities Exchange Commission (SEC) has blocked the registration of two digital tokens by Wyoming-based American CryptoFed. A report disclosed this news on November 10, noting the regulator claims the company published insufficient and misleading information on their registration form.  According to the report, the SEC’s response comes after the company submitted the registration […]

Gaming Industry: Blockchain Technology Reformation and Revitalization

When you look into the gaming industry, you will accept that in-game purchases of items, tools, or weapons are a popular concept, and players have accepted them totally as a norm. This concept is known as microtransactions, and they have become a part of free-to-play games. With this, players buy virtual items to unlock new […]

Is Crypto a ‘common good’ for the next generation?

Blockchain networks are supportive of principles that allow permissionless usage and open access. The technology has worked to shy away from political influence and regulation that may undermine the idea of independence and democracy. However, the governance and accountability of decentralized finance networks have always been questioned. In addition, the answer has always been that […]

SHIB Turned $3,400 Investor to a Crypto Billionaire Over a Year

One of the big news hitting the mainstream from the crypto space is how Shiba Inu (SHIB) turned a SHIB holder into an overnight crypto billionaire. You may not call it an “overnight” phenomenon because this is a 12-month outturn for the SHIB investor. Around August last year, the unknown SHIB holder purchased Shiba Inu […]

THORSwap Regained Crypto Influence with Aligned Incentives

THORChain has had it tough in recent years after experiencing three exploits in the space of four weeks. This was a summer hit for the protocol. The native token (RUNE) had a hit and dropped to $3.50 in July from an all-time high price above $20.00 in May. Due to the exploits happening on the […]

Bitcoin Season: Is It Real or an Excessive View?

This year, the crypto market has experienced strange happenings around Bitcoin and alternative coins (altcoins). We saw the possibility of a coin being an outlier despite the surge in Bitcoin’s price. Likewise, DeFi and NFTs are massively adopted across the space. Amidst all of these, there is a hot argument about the existence of “Bitcoin […]

Regulatory Framework Impacts on DeFi Adoption

Decentralized finance (DeFi) is scaling up to become one of the most relevant sectors in the blockchain industry. This explosive growth makes DeFi witness a five-time increase in the total asset value locked in different DeFi platforms. It increased from $21,000,000,000 to $100,000,000,000 in a space of two years. Despite financial opportunities—such as DeFi’s lending […]

Robinhood’s stock tanks following a drop in crypto trading

HOOD, the stock of American financial services firm Robinhood, plunged by approximately 8% in after-hours trading on Tuesday after the trading platform’s revenue tanked due to light crypto trading. A report unveiled this news earlier today, citing the firm’s earnings call, which disclosed that its crypto trading revenue fell to $51 million in Q3 2021, […]

US Regulators Scrutinizing the Cryptocurrency Space

The mainstream media has experienced massive crypto coverage that indicates regulators’ worries about the crypto market in the past few days. Their concerns revolve around the lack of protection over investors’ money. And this runs up to 2 trillion U.S. dollars while being associated with financial risks. With this, we saw how federal agencies are […]

NFTb Gaming: A DeFi and NFT Platform Revolutionizing In-game Assets Value Recognition

Despite the growth of NFT in recent months, game creators are facing difficulties in launching new projects in the marketplace. This is due to the absence of interoperability in the industry. Recognizing this, NFTb—a multi-chain NFT and DeFi platform—is creating the first cross-chain project to eliminate this barrier and allow game creators to launch a […]

Crypto Ransomware Fight: Joint War Proclamation from Regulators and Crypto Industry

By April 2021, there was an increase in the cases of ransomware attacks by 45%. But some are not bothered because they believe these attacks are associated with the unusual growth. Despite this uncertainty around the crypto space, individuals demand regulations. The Major Cause of this Movement Having a good understanding of the cause of […]

Analysts stand divided on how BTC will fair after ProShares’ ETF launches

Bitcoin (BTC) has been making moon shots on expectations that the US Securities Exchange Commission (SEC) will approve ProShares BTC futures exchange-traded fund (ETH). With the regulator giving the company the go-ahead to launch the ETF today, analysts are conflicted on whether the flagship cryptocurrency will continue trending higher or crash once again.  Some analysts […]

Facebook Diem: The Digital Currency Global Invasion

This year is a disruptive year for the blockchain space. It witnessed the evolution of projects such as non-fungible tokens (NFTs) and decentralized finance (DeFi), becoming the major discourse for the mainstream media. Another crypto that gained media attention is Facebook’s Libra. However, this global digital currency underwent a rebrand and got a new name. […]

Top Engineers Abandon Facebook’s Crypto Project

Leading companies are entering the crypto and blockchain space. Facebook is one of the organizations that has been exploring the industry. However, the top engineers working on Facebook have abandoned the project to work with A16z, led by Andreessen Horowitz. Facebook wallet Novi One of the oldest and well-known social media channels, Facebook has been […]