Different countries are actively working on creating their CBDC through their central banks. Most governments are still at the experimental and theoretical phase of CBDC. For instance, the Nigerian Central Bank is working with a Barbados blockchain technology firm,...
Away from the price action of Bitcoin, Ethereum, and altcoins, there is something quite extraordinary happening in the world of crypto, and that is, DeFi or Decentralized Finance. This article will talk about what DeFi is all about, how...
Polygon has announced plans to form a decentralized autonomous organization (DAO) for all of its community members, including projects in decentralized finance (DeFi). The Ethereum scalability infrastructure developer made the announcement last week, calling on its members to express...
Introduction For financial institutions that issue fixed-value liabilities that are backed by assets whose value is unknown, bank runs are a common phenomenon. Recently, Iron Finance, a DeFi protocol, suffered a similar collapse in its infrastructure that saw the...
Out of many popular blockchains out there, Algorand is a new one that was made available to the public in 2019. Its underlying principle is focused on solving the blockchain trilemma, which is decentralization, security, and scalability. It is...
For decades, humans have been starved for options when it comes to availing of financial services. With DeFi, this comes to an end. While DeFi doesn’t remove the existing system, it offers users of financial services an improved and...
The largest hack in the history of DeFi has hit cross-chain protocol Poly Network, a development that has seen the firm lose $612 million in multiple cryptocurrencies. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum...
USDT is a popular stablecoin that is pegged to the dollar and largely free from the volatility that is common in major cryptocurrencies. Volatility has become an issue in the crypto realm, which has discouraged potential crypto users from...
Since the inception of Bitcoin more than a decade ago, the crypto and blockchain industry has come a long way. Before we were introduced to them, the financial sector relied on banks as central authorities to ensure the safety...
NFTs have taken the digital art and collectibles niche by storm. While the first-ever NFT, Quantum was created by Kevin McCoy on May 3, 2014, it was only in 2020 that NFTs caught mainstream attention. In 2020 and 2021,...
