Tag: Decentralized Finance

Fintech Industry Evolves as DTCC Makes a $50 Million Move

DTCC agreed to buy the blockchain startup Surrrency Inc for $50 million. According to CEO Monthly, as of 2023, the global fintech industry...

Bridging Finance Worlds: Mastercard’s MoonPay Partnership

Mastercard is partnering with MoonPay to integrate cryptocurrency and explore the potential of Web3 tools in the global payment landscape. The partnership aims...

Understanding crypto lending and borrowing platforms

Crypto lending and borrowing platforms have gained substantial attention in the credit finance market Crypto lending platforms play a pivotal role in the...

Four DeFi projects thriving amid market challenges

Some projects have persevered and strengthened their positions, diligently working towards creating cutting-edge products during these turbulent times. A common thread...

Zero-Knowledge Proofs in Blockchain

Zero-knowledge proofs represent a cryptographic technique where no information gets revealed during a transaction except for the interchange of some value known to both the prover and verifier, the two ends of the process. A zero-knowledge proof is a way of proving whether a particular statement is true without revealing it. Here, the ‘prover’ is the party trying to establish a claim, while the ‘verifier’ is responsible for validating the claim. In simpler terms, zero-knowledge proofs (ZKP) enable one party to prove to another party that they know something without sharing the information with another party to prove their knowledge.

Regenerative Finance: the next evolution of Decentralized Finance

Refi focuses on utilizing blockchain technology to verify an organization's green credentials and coordinate investments to ensure funding goes where it needs. John...

Enhancing cryptocurrency knowledge in Africa

Part of the problem surrounding cryptocurrency adoption in Africa, besides the lack of reliable and affordable internet, particularly beyond urban areas, is the...

What is crypto insurance

The growth in the crypto markets has attracted players from other industries, including insurance. Cryptocurrency companies need insurance to shield against the risk of digital assets loss through theft, fraud or scams. Crypto insurance is particularly crucial for exchanges and other entities holding significant amounts of assets on behalf of their customers. This creates an opportunity for insurers so long as they can mitigate risks.

Types of stablecoins and their use cases

Unlike most cryptocurrencies, such as Bitcoin or Ethereum, known for their price volatility, stablecoins aim to minimize fluctuations in value and provide stability...

Truths and misconceptions of AI possibilities in DeFi

It is important to note that AI is not a replacement for human decision-making and is not an avenue for easy profits. AI...

Top 5 Ethereum-based DeFi projects to look out for in 2023

MakerDAO (TVL of US$6.23 billion) allows users to lend and borrow cryptocurrency and deposit collateral to mint the stablecoin DAI There are 203...

What to expect from Decentralized Finance (DeFi) in 2023

In summary, maturity and stability await DeFi in 2023, having seen a solid bullish phase and a gruelling bearish slump in 2022. Although any new technology has its ups and downs, the time is ripe for stable growth based on wisdom gained through the experiences of 2022.

Centralized Finance finally losing its battle against DeFi system

Decentralized Finance is the core concept behind cryptocurrency—the ability to remove a centrally located authority when dealing with finances Crypto traders used...

What is Nedbank doing in the African metaverse

Nedbank has a footprint across Africa, operating in 6 countries, including eSwatini, Namibia, Lesotho and Zimbabwe Web3africa.news holds a conversation with Stelios...

Multiparty computation is key in the advancement of Web3

MPC is a kind of super authentication in that a user will authenticate to a network using several factors (e.g., biometrics, identity, password, etc.) without any nodes in the network understanding what they are verifying since authentication computation is part of MPC. This authentication will have identity management, healthcare, finance, government services, defence, and law enforcement applications. MPC facilitates system interoperability while simultaneously protecting people’s rights and providing them with control and visibility over their data and how it is utilised. MPC stands for the future.

Africa: the importance of understanding the crypto market and investment dynamics

Cryptocurrencies have been very rewarding to some investors. However, a large number of people and institutions have lost their investment in the process. Therefore, African crypto enthusiasts and investors must understand the crypto market and trading dynamics.