Web3 is altering the concept of the internet as we know it and the projects that are built on it. With Web3 Technology, users can benefit from a decentralized internet that gives them complete control over their data....
The Federal Bureau of Investigation (FBI) has issued a public notice about fake cryptocurrency apps defrauding people of their money. According to the notice, US residents have lost over $42.7 million to these fraudulent activities. The FBI has...
Celsius, a popular crypto lending platform, has allegedly submitted an application for Chapter 11 bankruptcy. This comes after the platform made headlines a few weeks ago for preventing its clients from withdrawing their assets. They blamed the decision...
The governor of the Reserve Bank of Australia, the Australian Central Bank, Philip Lowe, believes that privately issued and regulated cryptocurrencies will improve the crypto ecosystem better than the Central Bank Digital Currency (CBDC). However, this will only...
With the increased adoption of cryptocurrencies and other digital assets globally, more regulatory authorities are developing newer laws to guide the activities linked to cryptocurrencies in their countries. Some countries, like China, have outrightly banned crypto transactions and...
Decentralization is achieved in decentralized apps through the usage of smart contracts. Smart contracts came into existence with Ethereum, allowing developers to deploy their decentralized apps and Decentralized Autonomous Organizations into the immutable network. Smart contracts may be...
Play-to-Earn gaming companies belong to the new genre of blockchain gaming. With the advent of the Play-to-Earn (P2E) concept, players can now navigate through intriguing gameplay while earning in the process. The rewards may come in the form...
Decentralized Finance has been growing tremendously recently and is currently being compared with traditional finance. DeFi protocols focus on different areas. Some are designed to be decentralized insurance platforms, such as Nexus Mutual. DeFi insurance involves obtaining insurance...
With the Ethereum blockchain experiencing scalability issues, more platforms have developed scaling solutions to address the issue. Typically, these scaling solutions are intended to improve transaction speed while reducing the high transaction costs associated with the Ethereum chain....
The California Department of Financial Protection and Innovation (DFPI) has announced that it is investigating some crypto interest account providers to see if they are operating within the law. The DFPI has advised California residents to be careful...
