El Salvador is one of the first countries that its government has ruled in favor of cryptocurrency, especially Bitcoin. Recently, the country has begun the process of adopting Bitcoin as its legal tender. To facilitate the process, the Senate...
Ahead of the proposed launch of the digital currency, e-Naira, the Central Bank of Nigeria (CBN) has engaged Bitt Inc, a global fintech company, as the technical partner. Bitt is a Barbados-based startup that led the development of the...
The month of August has witnessed hacks in different Decentralized Finance platforms, and Cream Finance is one of the latest. This comes after an attack on the crypto exchange, Bilaxy, and Liquid. Though Liquid refused to put a figure...
The crypto world is a volatile one, and a minor event can send everyone to a state of panic. This was what happened when Coinbase erroneously sent some of its users an email alert stating that a reset had...
In the latest episode in the ongoing public saga, the UK's Financial Conduct Authority (FCA) has published a Supervisory Notice in which it declared that the world’s largest cryptocurrency exchange, Binance, was not capable of being effectively supervised. The FCA’s Notice...
At the beginning of August, Poly Network was hacked, with the platform losing $610 million in tokens; this hack is known to be the largest in DeFi history. The hack had occurred because the insider noticed some flaws in...
To combat the issue of money laundering that has proliferated the scene, major players in the Bitcoin ATM sector decided to come together and brainstorm on important steps that must be taken. They agreed on the creation of an...
Liquid Exchange was a victim of a nasty hack attempt in August, which left them short of $97 million in tokens. Several cryptos like BTC, ETH, and USDT, were stolen by the hackers. The team behind the exchange has...
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...
El-Salvador’s Finance Minister, Alejandro Zelaya has said the use of Bitcoin as a payment method in the country will be fully optional. According to him, it is not compulsory for citizens to download the state-offered wallet. The Minister said...
