Category: Blockchain

The growth of the digital currency ecosystem comes with so many challenges chief of whom is security. Innovative sectors of the industry, particularly decentralized finance (DeFi) have borne more of the brunts of security lapses in the past year, with blockchain security and audits firm, Certik pegging the total losses due to hacks at around

As talks about the release of a digital pound by 2025 are yet to happen, British members of parliament (MP) are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy. In order to fight private sectors from gaining total domination over digital payments and the fall of

As a change of tune, the International Monetary Fund (IMF) alludes to how crypto-assets like Bitcoin (BTC) have transformed from an obscure asset class to an integral part of the digital asset revolution.  In a statement, the IMF noted that cryptocurrencies are a notable part of the financial system because they are no longer on

Payment giant Visa conducted a study indicating that almost a quarter of small businesses spread across nine nations intend to introduce the crypto payment option this year as cryptocurrencies continue gaining steam across the globe. The research surveyed 2,250 small business owners and 5000 adults from the nine countries, such as Canada, Singapore, Brazil, and

Iran is notably about to double down on its love for digital currencies as a local media platform, Mehr News reports the country is on track to accept cryptocurrencies for international trade transactions. Per the report, the Central Bank of Iran (CBI), and the ministry of trade have reached an agreement to link the CBI’s

Instagram influencers Kim Kardashian and American boxer Floyd Mayweather have been sued by investors, accusing celebrities of falsely promoting crypto tokens to mislead investors. The lawsuit, filed by a New York resident who bought EMAX tokens and lost money, is proposed to be filed as a class action in federal court in Los Angeles on

Major U.S. cryptocurrency exchange Coinbase said it would give its employees four charging weeks (roughly one per quarter) in 2022 to allow employees to restore energy. Coinbase says this approach won’t work for every company, but due to the high growth and the high-intensity 24/7 nature of the cryptocurrency industry, this adjustment was made to

Multinational online payments company Paysafe has conducted a study that shows that 60% of the respondents believe that crypto purchases will become widespread in a year. The report titled “Inside the Crypto Community: Plotting the Journey to Mass Adoption” noted: “A significant percentage of the community thinks that you will be able to make

Caroline Alexander, a finance expert at the University of Sussex, believes that non-fungible tokens (NFTs) will be everywhere in the future because anything that requires proof of ownership will be an NFT. Alexander added that NFTs can be instrumental when eliminating the bureaucracy involved in tracking documents and transactions. She pointed out: “The public attention

The dominance of Ethereum in the decentralized finance (DeFi) ecosystem continues to gain steam because total value locked (TVL) in this space surged by 14.43% to hit $90.7 billion, according to market insight provider IntoTheBlock. Source: IntoTheBlock The investment in DeFi protocols on the ETH network experienced an uptick, despite the price slipping below the