Tag: top news

Regulatory pressure forces closure of the Unbanked fintech venture

In 2022, the unbanked Fintech attracted nearly $1.5 million from 1500+ investors due to its zeal for the trade. The Unbanked Fintech...

OpenAI launches grant for developing Artificial Intelligence regulations

OpenAI revealed plans to award ten grants of $100,000 each to support experiments focused on establishing a "proof-of-concept" democratic process for determining rules...

Bitpanda exchange partners with Coinbase to launch crypto payment service in banks

Bitpanda, an Australian-based crypto exchange, partnered with Coinbase to bring about digital currency adoption in Europe. Initially, Bitpanda went by Coinimal and offered...

International securities watchdog, IOSCO, develops global approach to crypto law

The lack of comprehensive crypto rules has been the market's biggest undoing as platforms exploit the numerous loopholes. IOSCO has developed the...

Mistakes to avoid when launching new NFT collection

NFTs are Nonfungible tokens and have experienced an unprecedented surge in popularity globally.  Many users opt to launch their own NFTs collection, and...

Hotbit ceases operations, urges users to withdraw funds

Hotbit, a popular cryptocurrency exchange, shocked its users by announcing that it would cease operations starting May 22. Hotbit has been experiencing deteriorating...

Apple bans its employees from using ChatGPT, fears data leaks

Apple has joined Samsung in banning the use of ChatGPT and similar AI tools by its employees in work-related tasks The ban also...

Westpac Bank bans Binance exchange from Australia

Westpac Bank has announced the official ban of Binace from the Australian Payment Service. Westpac Bank teamed with the National Australia Bank to...

Voyager Digital finally acquires funds to reimburse 35% of its former customers

Voyager Digital initially had various relations with the third largest crypto exchange owing Sam Bankman at least $75 million. The company will return about...

Exploring paths to retrieve stolen bitcoin from cryptocurrency scams

Recovering stolen Bitcoin is a complex task due to the inherent characteristics of blockchain transactions. Web3 and cryptocurrency industries' growth has come with...

Ethereum Beacon Chain faces finality issues causing mass confusion

Ethereum developed the Beacon Chain to ensure that the PoS logic was sound and could function effectively. Blockchain finalization or finality is the...

Global multinationals looking at Africa for AI and other emerging technologies development

Artificial Intelligence has taken the world of technology by storm and many sectors are investing in the technology Africa has also not been...

Zimbabwe sells millions of gold-backed cryptocurrency despite IMF caution

Despite the International Monetary Fund (IMF) warning, the Reserve Bank of Zimbabwe has successfully sold 14 billion Zimbabwean dollars' worth of gold-backed cryptocurrency. ...

Binance halts Bitcoin withdrawals twice in a space of 12 hours

Binance is a leading cryptocurrency exchange platform with millions of users across the world The platform suspended the withdrawal of Bitcoin twice in...

Binance Exchange calls out the recent SEC crackdown on crypto

Partick Hillmann, Chief Strategy Officer of Binance Exchange, stated that the US SEC has been confusing in the past six months. In 2021...

Nigeria’s blockchain policy launches, paving the way for Africa’s web3 triumph

In 2021 a survey revealed that Nigeria experienced a 2,467.2% hike in crypto trades. The Federal Executive Council approved the Blockchain policy and...