Crypto

A recent global survey indicates that Nigerians are more knowledgeable about crypto than people in major economies like the United States, United Kingdom, Germany, and Japan. According to a report by ConsenSys and YouGov, 99% of Nigerians are fully aware of the asset class, while 70% understand the fundamentals, operations, and value of blockchain technology. […]

Concerns have surfaced regarding FTX as the transfer of millions in altcoins prompts worries about potential market fluctuations. A subsequent dump across the crypto industry is also a source of concern. FTX bankrupt exchange wallet recently moved $10 million in Solana assets to Ethereum, signaling a significant crypto shift. This move has raised concerns about […]

Shiba Inu’s layer 2 solution, Shibarium, continues to gather a substantial fan base following its impressive resurgence. Just one week after its relaunch, this scaling network has witnessed a staggering 600,000 wallets engage in over 700,000 transactions, showcasing its unwavering strength. Data from BlockScout indicates that on August 31, approximately 100,000 transactions occurred, trailing behind its […]

Santiment, a leading crypto data analytics platform, has tweeted about Maker (MKR) enjoying a substantial 15% gain in 7 days. This positive movement comes at a time when most cryptocurrencies are facing a market downturn. The remarkable surge in Maker’s value has left many crypto enthusiasts speculating on the factors driving this sudden spike. Santiment’s analysis points […]

On August 31st, in a recent Twitter thread, Panos, the author of “Understanding the Crypto Economy,” highlighted a substantial opportunity emerging with the XRPL Automated Market Maker (AMM). Panos pointed out that on-chain foreign exchange (FX) could revolutionize payment networks, benefitting Ripple’s ecosystem, financial institutions, businesses, and individuals. The XRPL AMM allows anyone to trade currencies and […]

Ethere­um, the second-largest cryptocurre­ncy by market cap, has recently introduced a significant update that has the potential to re­volutionize its network operations. This groundbre­aking update is known as the Ethere­um Execution Layer Specification (EELS).  It serves as a comprehensive­ and precise guide for Ethe­reum’s core protocol. The de­velopment of EELS was led by the­ Ethereum […]

On August 30th, Binance Japan announced its ambitious plan to triple the number of listed tokens on its platform, aiming to reach a staggering 100 cryptocurrencies. This announcement comes on the heels of the exchange’s recent launch of a dedicated trading platform for domestic residents on August 1st. Binance Japan launche­d its platform in the […]

The Sultanate of Oman has stepped up its involvement in the crypto market with multi-million dollar investments this month. Located on the southeastern border of the Arabian Peninsulae, Oman aims to become a leading crypto Hub in the competitive West Asian region. According to a report from Forbes, the government has announced plans to invest […]

In a remarkable stride towards fortifying the security and stability of its cryptocurrency market, South Korea has introduced a groundbreaking mandate that requires crypto exchanges to establish substantial financial reserves. According to local sources, this rule stipulates that exchanges must secure accounts from banks with a minimum reserve of $2.28 million, capped at $1,520, effective […]