Despite warning against cryptocurrencies, the International Monetary Fund (IMF) has pointed out that digital assets could be useful replacements for traditional financial instruments. According to a blog post, some cryptocurrencies and central bank digital currencies (CBDCs) may be more...
According to a Pentagon-commissioned assessment, the blockchain is not decentralized, can be attacked, and uses out-of-date software. According to the report tagged; "Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers?", a fraction of participants may exert centralized control over...
According to a South China Morning Post report, China's non-fungible token (NFT) business has released a "self-discipline initiative" that guarantees identification checks for users, adherence to the country's cryptocurrency prohibition, and a promise to not develop secondary marketplaces to...
The British Army lost its Twitter and YouTube accounts to hackers that promoted crypto and NFT scams on their pages. As a result of the incident, the United Kingdom Defense Ministry announced to the public that they were aware...
OpenSea, a popular NFT marketplace, has notified users on its mailing list of a data breach. This comes after some users complained on Twitter that they had received several emails from fraudulent addresses claiming to be associated with OpenSea....
Analysts have said that the "historic" bear market that Bitcoin ($BTC) and other cryptocurrencies are going through has caused the largest outflow of capital in the digital asset industry. Analysts at the on-chain analytics company; Glassnode, say that the...
The Reserve Bank of India (i.e., RBI) has collaborated with leading financial institutions in India to run a blockchain-based pilot project focused on trade financing. The main goal of the project is to make blockchain technology a part of...
El Salvador, under President Nayib Bukele, has favoured Bitcoin, positioning the country as a crypto-friendly nation. The country has purchased Bitcoin in the past, ignoring the concerns of the IMF and the United States government. Recently, the president announced...
Johnny Lyu, the CEO of KuCoin, has waded off rumors that had been brewing concerning the solvency of the popular crypto exchange. According to unfounded rumors on Twitter, the exchange was on the brink of bankruptcy and may end...
Social media interactions (content creation, posts, retweets, likes and follows etc) have value. This value is currently monetized by tech giants such as Meta (owner of major platforms like Facebook and Instagram). But what if the individuals creating the...
