Tag: Technology

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...

Binance disassociates from Binance Nigeria Limited (BNL), sends ‘cease and desist’ notice

The Nigerian Securities and Exchange Commission (SEC) released a circular on June 9, declaring Binance Nigeria Limited (BNL) illegal in the country. Binance...

Challenge of linking crypto to traditional banking

Integrating cryptocurrencies with conventional financial systems becomes increasingly essential as they become more commonplace. This presents several obstacles to overcome before cryptocurrencies can realise their full potential. For instance, traditional institutions may be hesitant to work with cryptocurrencies due to concerns about money laundering and other illicit activities. Moreover, the technical difficulty of integrating cryptocurrencies with existing banking systems can prove intimidating.

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.

US House bans members from using AI chatbots

The US House has restricted AI language models, only allowing OpenAI's ChatGPT Plus due to privacy features Usage is limited to research, with...

HSBC, Hong Kong’s largest bank, launches cryptocurrency services

HSBC, Hong Kong's largest bank, has reportedly introduced local cryptocurrency services, allowing customers to buy and sell The bank offers cryptocurrency ETFs listed...

Over 100K ChatGPT logins leaked on dark web

The rise of ChatGPT has led to an increase of its users worldwide to millions of people and businesses This has in turn...

Factors that continue to derail cryptocurrency adoption in Africa

Regulatory uncertainty is a critical obstacle to the widespread adoption of cryptocurrencies in Africa To address these risk concerns and foster greater adoption,...

Recurrent mistakes made by over 2350 dead crypto coins since 2013

Since 2013, at least 2,383 dead crypto coins have run their course. In 2018, Manish Ranjan created the Indian -based token...

Why Twitter has suspended AI bot account linked to memecoin “Explain This Bob”

Famous Twitter AI-Powered bot account "Explain This Bob" has been suspended Twitter owner Elon Musk hinted on June 18 at the suspension of...

Robinhood to delist ADA, SOL, and MATIC amid SEC crackdowns on Coinbase and Binance

The SEC named ADA, SOL, and MATIC in lawsuits filed against Coinbase and Binance. The SEC referred to the three crypto-assets targeted for delisting from Robinhood as unregistered securities in the lawsuits. The lawsuits are part of a broader SEC endeavour to regulate the crypto industry.

Crypto wash trading and the need for comprehensive regulation

Wash trading is a form of illicit market manipulation where an entity buys and sells the same financial asset to create a false impression of market activity. This practice gained traction with the rise of electronic trading in the early 2010s, as algorithmic trading programs began churning trades at unprecedented speeds. This old illegal financial market trick has unfortunately found its way into the crypto industry.

World Mobile’s Blockchain Network redefines connectivity paradigms

At its core, World Mobile intends to build last-mile digital connectivity globally. World Mobile also introduced a native NFT associated with EarthNode...

Jia Fintech, an Africa and Asia-focused fintech company raises $4.3 million seed fund

The Africa and Asia-focused fintech company provides loans of up to $5000 to small businesses. Jia Fintech has raised $4.3 million in seed...

Tokenization of real-world assets transforms investment

Tokenization is a new concept in the investment world that refers to converting real-world assets into digital tokens that can be traded on...

Metamask taxation controversy: Is the wallet becoming centralized?

ConsenSys has come out to defend Metamask, stating that the claims about taxing cryptocurrency are untrue. The last statement has sent users wild...