Day: 25 August 2022

For the first time, the Security Service of Ukraine (SBU) has implemented a mechanism to prevent cryptocurrency fundraising for the Russian soldiers taking part in the national conflict.  Full-scale war broke out when the Russian army invaded Ukraine in February as part of what Moscow calls a "special military operation" ...

Reddit, a social network, has joined its counterparts in participating in blockchain-based collectibles. In the case of Reddit, it is currently airdropping Polygon-based "collective avatars" from four collections to its users.   The sharing formula is determined by users' level of activity on the social media platform.  Some lucky Reddit users ...

The effects of blockchain technology are far-reaching, facilitating the development of new features for different industries. For instance, supply chains benefit from blockchain technology in improved tracking, reduced profitability of counterfeit markets, proffering visibility to the manufacturing sector, incorporating better storage features, and increased trust.   In the automotive industry, blockchain ...

Decentralized Finance (DeFi) is a cutting-edge, blockchain-based finance that does not depend on centralized financial intermediaries (such as exchanges or banks) but uses smart contracts built on blockchains.  DeFi differs from traditional financial services in that a transaction can be completed via DeFi without the need for an intermediary. DeFi's ...

Coinbase, a well-known cryptocurrency exchange, has announced plans to further reduce its costs due to the ongoing crypto winter. The crypto exchange has been negatively affected by the bear market, forcing it to lay off over 18% of its workforce a few months ago to ensure its survival. The exchange ...