Tag: Technology

Evaluating the case for a token-based digital dollar: Account-based vs token-based CBDC

Account-based CBDCs would involve households and businesses holding retail checking accounts directly with the Federal Reserve A token-based CBDC model would see households...

Has the Metaverse Failed?

Metaverse promised a virtual realm where we could work, play, and socialize in previously unimaginable ways The virtual realm has challenges forcing tech...

Cryptocurrency: a gateway to financial freedom

Cryptocurrencies represent a paradigm shift in the financial industry by providing consumers a new way to achieve financial freedom. Cryptocurrencies empower people to take control of their financial lives through decentralization, borderless transactions, investment opportunities, and increased anonymity. Given the nascency of the crypto ecosystem, investors are advised to focus on the long-term benefits of Bitcoin while reaping short-term gains in the process. Nonetheless, it is critical to approach cryptocurrency investments cautiously, investigate, and be aware of the risks. Individuals can utilize this revolutionary technology to achieve financial autonomy.

Bitcoin Mainnet’s future role: A pillar of security for proof of stake chains

While many have traditionally viewed Bitcoin mainnet as a medium of exchange, the future may see its primary function shift towards providing security...

Bitwave buys cryptocurrency accounting firm Gilded

Bitwave has acquired a cryptocurrency accounting firm, Gilded in the ever-changing crypto market This acquisition underscores the transformative potential of digital asset payments...

Binance halts BUSD Support amid increased regulatory scrutiny

The journey to Binance's decision to cease support for BUSD began in February 2023 when the NYDFS ordered Paxos to stop issuing new...

X Twitter licensed to trade crypto in 7 US States

The acquisition of the Rhode Island Currency Transmitter License stands as a testament to X's steadfast mission to transform into a cryptocurrency-friendly platform. ...

Evergrowing Worldcoin registers over 9k users in Argentina despite criticism

Worldcoin achieved a record-breaking 9,500 user sign-ups in a single day in Argentina Despite privacy concerns, many Argentinians eagerly registered for World IDs ...

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.

Horizon Worlds: Mark Zuckerberg drives investors to a $34 billion financial sinkhole

Meta’s Reality Labs vision, the company’s virtual technology and initiatives, lost US$21.5 billion in the last eighteen months, cumulating to US$34 billion. Only...

Scary risks in the Worldcoin biometric proof-of-personhood system

Africa has experienced insane queues in malls and supermarkets, as people line up to acquire the free Worldcoin tokens Worldcoin is by far...

Worldcoin (WLD) launches ambitious cryptocurrency project

Worldcoin (WLD) not only limits itself to identity verification but also introduces its own cryptocurrency, aptly named Worldcoin. Users can access this digital...

Top web3 messaging platforms

Currently, over 3.1 billion people actively using messaging applications daily. The XMTP is an open web3 protocol that secures and supports DMs, alerts...

Bitcoin halvings: an outlook into the past and future projections

Cryptocurrency miners get rewards with a portion of the currency every time they contribute new entries to the Bitcoin blockchain. This is known as the block reward. Bitcoin halvings remain an integral component of the protocol. They cut the block reward by half every 210,000 blocks. Due to the dynamic character of the Bitcoin blockchain, it is difficult to predict when future halvings will occur precisely.

Metaverse hacks that demand caution in 2023

In April, MetaPoint became the latest victim of a Metaverse hack, resulting in a $1 million loss. According to the 10th...

Understanding the flaws of Metaverse Security and where to improve

The Metaverse is an ever-expanding pool of digital information exchanged at light speed, containing sensitive information on millions of users. The social construct...