The Central Bank of Russia, Russia's monetary authority, intends to launch a pilot program for its digital ruble, with the first settlements expected by 2022. The Digital Ruble will play a crucial role in the Russian economy, especially...
With the advent of blockchain technology, there have been notable advancements in a multitude of sectors, ranging from finance to social media. Decentralization is a critical component of blockchain-based technologies. This eliminates the need for a centralized authority...
Blockchain technology has been in existence for a while, and its origin story is inextricably linked to Bitcoin. It has evolved beyond just being a technology that hosts cryptocurrencies. Blockchain technology has a broad spectrum of use cases...
Newer blockchains are typically designed to solve Ethereum's scalability issues, as well as other elements of the blockchain trilemma. Every blockchain network hosts innovations that must be highly scalable, decentralized, and secure, hence the need to solve the...
The European Union (EU) has imposed sanctions on Russia since it invaded Ukraine. Binance, a notable crypto exchange, has announced a ban on service delivery to Russians. Binance is one of the first cryptocurrency exchanges to implement strategies...
Coinbase, a notable cryptocurrency exchange, and a publicly listed company announced that it was launching its NFT social marketplace in beta form. For now, beta testers are allowed to make profiles and experience the Web3 marketplace without having...
Interconnectivity and communication are important in blockchain-based platforms. In the context of a blockchain, an oracle is a trusted third party that provides information about the state of the blockchain. Most crypto-related projects require access to data from...
The Republic of Ireland intends to prohibit the use of cryptocurrencies as a form of donation to political parties and aspirants in the country. This comes following reports of Russia's alleged intention to interfere with elections in various...
The significance of crypto wallets is becoming clearer by the day, especially since some of these wallets can contain other types of digital assets, such as non-fungible tokens. There are various types of cryptocurrency wallets. Some are designed...
Iran intends to increase the penalties for mining cryptocurrency without the appropriate authorization. The government has created a new set of laws that include jail time as well as additional fines for individuals who violate this rule. According...
