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“I think this is good for decentralization,” said Ben Edgington, a product manager at Ethereum research and development firm ConsenSys. On a proof-of-stake network like Ethereum, one’s stake equates to their power over the network; if one party accounts for enough of Ethereum’s stake (around 50-60%), they can theoretically slow
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Nigeria’s central bank will explore the adoption of blockchain technology to power a central bank digital currency (CBDC), the potential of stablecoin adoption and regulatory considerations of initial coin offerings (ICOs) over the next two years.These are the key takeaways of a policy document titled Nigeria Payments System Vision 2025,
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IDOs will continue to shape the future of the crypto industry by offering a more inclusive and democratic alternative to traditional fundraising methods, providing a faster way to secure funding and get listed, and driving innovation and increased adoption.The use of launchpads in the crypto sphere has been on the
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Drift secured $15 million in emergency financing so it could pay back its users, Leow said. She declined to state the terms or who provided it, but said Drift’s investors were involved. Though team developers quickly patched the bug, the protocol remained offline until November, when mainnet testing for v2
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RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court summons to a former employee and a contractor.RBB Lab CEO Enrico Rubboli told Cryptox that it summoned the two individuals to the Judiciary of Italy on claims
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South African financial service providers have been primed to offer cryptocurrency products and services to customers after regulatory amendments in the country.This comes after South Africa’s Financial Sector Conduct Authority (FSCA) amended its financial advisory act from 2002 on Oct. 19 to define crypto assets in the country as financial products.
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Axie Infinity, the blockchain-based game that has popularized the play-to-earn gaming model, often invites awe and suspicion. The game has created a new type of job market and allows a quick return for game investors. However, its highly volatile in-game crypto (the Smooth Love Potion, or SLP), the hacking of
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“If you look at different products or different aspects of what I would call the overall crypto ecosystem, [you] have products that span the jurisdiction of various domestic regulators, '' said Clayton. “So you had these global products and you’re trying to apply domestic regulation to them and then in
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sponsored Gate.io is building on its success and evolving to become a remarkable crypto ecological landscape for its users, its ecosystem encompassing a vast variety of digital assets that collectively offer a feature rich experience to its users. With the 9th anniversary celebrations now kicked off, Gate.io is bringing even
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Despite the ongoing volatility plaguing the digital asset sector, one niche that has undoubtedly continued to flourish is the nonfungible token (NFT) market. This is made evident by the fact that a growing number of mainstream mover and shakers including the likes of Coca-Cola, Adidas, the New York Stock Exchange
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