Topics

How Does KYC Work in the DeFi Space?

Decentralized finance (DeFi) has the potential to reach mainstream adoption and empower people worldwide financially. However, without regulations and identity control, it can easily become a platform for scams, fraud, and money laundering. The paradox is that by introducing stricter control on who can access DeFi products, the industry loses its "decentralization" factor. After all, this is what set it apart from traditional centralized finance (CeFi) in the first place. This is where KYC (Know Your Customer) standards come in…

The Importance of Smart Contract Auditing

Smart contracts are the innovation that propelled blockchain technology to where it is today. This invention fulfills the agreement between all the parties in a deal without the need for intermediaries. As a result, it boosts the security and immutability of a blockchain network, allowing numerous and diverse applications to develop. Unfortunately, smart contracts are not flawless and could lead to million-dollar losses if hackers can exploit their tinniest loopholes. For example, some famous attacks on smart contract code glitches…

Volt Inu Set to Launch the Volted Dragons Sailors Club NFTs on the Market

Volt Inu has proudly announced that their Volted Dragons Sailors Club NFT collection is coming to the market. The upcoming mint will have several features, as the team explained.  The Volted Dragons Sailors Club NFT collection is crucial because it offers a new and unique experience for NFT investors. The collection has several features that will appeal to investors. The team mentioned the opportunity to buy into the mint during the first three rounds. Anticipating the Minting Rounds The Volted…

The Bandit Project – How to Earn Passive Income by Staking NFTs

The Bandit Project is a new DeFi protocol aiming to empower NFT holders with passive income opportunities. Moreover, the initiative allows users to own a part of the project and share the revenue with the developers by providing liquidity. It’s worth noting this project is still in its early development stages. Nevertheless, it is advancing relatively fast, with the public presale for its $BANDIT token just around the corner. The much-anticipated event will take place on August 11 at 11…

Floyx – A Project Ready to Change the Social Media World with Decentralization

Blockchain technology is helping creative teams redesign aspects that belong to the Web2 world. The possibility of launching decentralized systems is opening a new set of options in the social media industry too. Today’s review will analyze the main features of Floyx, a new initiative wishing to overcome centralized social media. We aim to share information neutrally, enabling the readers to assess this project’s value proposition. About Floyx Floyx believes that, in the future, social media will be completely decentralized.…

Runnerland – An NFT-Driven Nostalgic Gaming Experience

Runnerland is a new game running on the BNB Chain, allowing users to fight, collect, and exchange items for real money. Fueling the game is a collection of rare NFTs enabling players to build and modify their characters into unique assets. Most importantly, gamers can enjoy a bit of action-adventure nostalgia as the game's universe mimics cult classics like The Legend of Zelda. This Runnerland review looks closely at the game’s features and blockchain-based utilities. Read on to discover its…

Integrity Coin – A Wealth-Generating Bridge between Crypto and Fiat

Integrity Coin is a hyper-deflationary token on BNB Chain aiming to reward its holders with BUSD reflections while bridging crypto and fiat. The crypto market has come under intense criticism over the years, partly because it fails to distribute wealth proportionally among its many users. Moreover, the increasing number of scams is a growing concern, convincing many potential investors to stay out of the industry. Lastly, the lack of utility of many crypto tokens makes them undesirable for fiat traders…

NFT Rug Pulls – What Are They and How to Avoid Them?

A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. This scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls has become real. This article looks at what rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of…

SincereDogeDAO – The DAO Where Dog Lovers Can Make a Difference

Sincere Doge is a community-first project seeking to empower people with better access to wealth-increasing opportunities on BNB Chain. The project is set to evolve into a far-reaching ecosystem comprising a lucrative DAO, meme coins, NFTs, and staking opportunities. This review looks closely at one of the latest DOGE-inspired meme coins and its plans for a SincereDogeDAO. Read on to discover more about the project’s features, tokenomics, and roadmap! What is Sincere Doge? The Dogecoin frenzy is still alive and…

Crypto Dust: What it is Dusting Attack and How to Protect Yourself

A dusting attack is a new cryptocurrency scamming technique whereby "dust" (tiny fractions of a cryptocurrency) is sent to a large number of wallet addresses to expose the person or company behind them. Dust attacks are a tactic used by criminals and law enforcement agencies. In the Bitcoin world, the term "dust" describes a small portion of bitcoin, often referred to as a satoshi.  To further trace the transaction, a large amount of dust appeared on the network, targeting a…

GRAFT Releases Pay-in Exchange Broker for a Decentralized Payment Network

GRAFT released an exchange broker - a component of the GRAFT Network eco-system that allows users to pay with any currency they wish, while the merchant can receive payment in the currency of their choice. GRAFT’s Pay-in Exchange Broker is the first version of the exchange broker, facilitating a scenario where the merchant or merchant service provider performs the accept, exchange, and payout functions. (Future versions of the broker and other components will become further decentralized and separate those functions…

SVBC and Huobi Join Forces for A Special Meet-Up to Announce the Official Launch of Huobi EOS

Coinciding with the newly launched EOS, Huobi partners with SVBC during a pair of key events at this year's Silicon Valley Blockchain Week: Huobi EOS Exchange Silicon Valley Meetup and Global FinBlock Forum. Jan. 19, 2019 / PRZen / SAN FRANCISCO -- Celebrating the launch of its exchange, Huobi and Silicon Valley Blockchain Catalyst (SVBC) co-organized a special meet-up, bringing forth hundreds of investors and industry leaders, including heavyweights Alina Yao, COO of Huobi EOS, Ramble, President of North America Blockchain Association,…

SWFT Blockchain Review: Smart Blockchain Payment Platform

Despite the enormous growth of blockchain in recent years, the technology still faces many challenges that hamper widespread adaptability. Inefficient transaction processes due to lack of interoperability, low market depth, inadequate inventory capacities, and high volatility are some of the major challenges facing blockchain, which is the basis of cryptocurrencies.  Nonetheless, every day, blockchain developers are looking at innovative ways of solving these challenges with the launch of excellent blockchain platforms. An excellent example of such platforms is SWFT (Smart Worldwide…

Coinomi Review – An Experienced And Trustworthy Companion For A Safer Crypto Adventure

Investing in cryptocurrencies maybe, to a certain extent, an easy task, but taking care of your digital assets is definitely a difficult one. Cryptocurrency wallets are an essential factor in owning and investing in cryptocurrencies of any sort. Most digital currencies have their own official wallet, but third-party wallets gain momentum as they allow you to manage multiple coins at once. However, such wallets will only support a limited number of cryptocurrencies. This article reviews Coinomi, which we believe is…

SWFT Blockchain Co-Sponsors Huobi EOS Exchange Silicon Valley Meetup

The event organized by Silicon Valley Blockchain Catalyst and Huobi Pool featured speakers from SWFT Blockchain. Last Saturday, SWFT Blockchain co-sponsored a meetup organized by Silicon Valley Blockchain Catalyst and Huobi EOS Exchange to celebrate the launch of Huobi EOS, Huobi’s dedicated EOS exchange. Alina Yao, COO at Huobi EOS, spoke to attendees about the recent milestones hit by the Huobi EOS Exchange and the overall Huobi ecosystem. Yao also introduced the Huobi Global Decentralized Incubator and unveiled its Silicon Valley branch, Huobi Silicon…

SWFT Blockchain Partners with GigECoin

SWFT Blockchain signed a strategic partnership with Gig Economy Coin. The token GigEcoin will be live on SWFT Blockchain’s cross-chain wallet on January 16th, Hong Kong time, and available to trade directly with the other 100+ tokens on the platform. What is the Gig Economy Coin (GigEcoin)? Gig Economy Coin “Abbreviated” GigEcoin the most powerful infrastructure for decentralized jobs outsourcing smart contracts with individual tax filing protocol and multinational transfer pricing ledger for the enterprise under common ownership or control.…

SWFT Blockchain Signs Co-Existence Agreement with SWIFT

A startup registered in Singapore has agreed with global payments telecommunications giant SWIFT in a first for the blockchain industry. November 13th, 2018 – Smart Worldwide Financial Technology (SWFT Blockchain) has signed a co-existence agreement with the global provider of secure financial messaging services, Society for Worldwide Interbank Financial Telecommunication (SWIFT). This agreement is an important step for the blockchain industry as it further proves that the old and the new can coexist in the world of financial technology. Like SWIFT before it, SWFT…

A Guide to Crypto Terminology: Most Common Cryptocurrency Terms

The cryptocurrency space has not been here for quite a while, with only over a decade since introducing the first coin. A significant population remains clueless about these digital assets, although many are beginning to show interest as the industry gets more mainstream. If you are just getting started into cryptocurrencies, you will probably be bumping into terms you never heard before. The truth is it can be intimidating when all you see is vocabulary, let alone the complex technology…

Top 3 Best Cryptocurrency Tracker Apps for iOS & Android

Thanks to the increasing interest and investment in the commercial space, the number of applications and websites used to track consumer portfolios' effectiveness has increased. Great, but currently, there are over 200 different apps for Cryptocurrency Tracker portfolios on the App Store alone. While choice and competition is usually a good thing, figuring out which Portfolio app has the right features for you can be a little confusing. While the benefits of the good ones are easy to see -…

Understanding the Difference Between Coins and Tokens

The cryptocurrency hype continues into 2021 with an unprecedented boom on major coins such as Bitcoin and Ether. The crypto industry is evolving every day and will seemingly rule the traditional financial world. Despite the known volatility of digital assets like coins and tokens from their introduction, people are still anxious about them and want to try their luck by investing in them. However, one thing that might confuse the new class of investors is the crypto industry terminologies. For…

The Differences Between Proof of Work (POW) and Proof of Stake (PoS)

Today, blockchains serve as the primary drivers of all crypto transaction operations in a digital asset. Its foundation is based on different aspects, such as privacy and transparency. Within the blockchain network reside nodes that act as the actual transaction validators. The presence of nodes explains the decentralized nature of cryptocurrencies since no single entity owns the system.  Therefore, node operators oversee every transactional process as they also own a copy of the distributed ledger. However, the operators work with…

10 Ways to start your Crypto Adventure and Earn with Crypto

The urge to get a hold of digital money is exponentially growing as the value of currencies as bitcoin closes in the $57,000 mark. The concept of global mass adoption will soon occur following the fruitful rewards and incomes investors receive from trading with cryptocurrencies. However, like any other venture, you have to be well prepared for any issues you might encounter ahead. Despite being a profitable niche, the crypto space experiences its share of hurdles evolving around financial and…

The Ultimate Beginner’s Guide to Cryptocurrency

Cryptocurrency, most commonly identified as digital money, was first instituted in 2009, with the very famous Bitcoin launch. Litecoin followed launch in 2011, and since then, many more crypto assets have joined the crypto world.  In crypto, the currency is secured by cryptography, thus protected against counterfeiting and double-spending. The host of crypto is blockchain, a decentralized ledger system using state-of-the-art infrastructure.  Recently, the advancements in the crypto world have made many people think of investing in crypto. Beginner investors…

Blockchain Technology – Everything you Need to Know

Anyone in the financial technology space must have heard about blockchain technology. However, not many people know how it works and the technology behind it. Blockchain technology is an invention of an anonymous individual or a group of people under the pseudonym Satoshi Nakamoto which powered the first cryptocurrency, Bitcoin, released in 2008. Technology has been in play ever since. Since blockchain technology release, the IT industry has massively evolved. However, several people are still skeptical due to a lack…

Ledger Nano S: The Ultimate Cryptocurrency Hardware Wallet

A hardware wallet presents itself as the most secure method of storage and transacting cryptocurrencies. The Ledger company has various hardware wallets, with the Ledger Nano S being the most popular, secure, and economical one. When talking about hardware wallets in cryptocurrency, Ledger Nano S is the best wallet considering high-level security for digital currency transactions and even blockchain.  The wallet’s major function serves as a secure safeguard for both company and individual crypto assets. With the support of the…

Stablecoins Explained – The Distinct Cryptocurrency Instrument

Data reveals that the overall market cap of stablecoins stands at over $35 B as of January 21, 2021. On top of that, the trading volumes are gradually rising as the crypto instrument closes in the $90 billion marks.  Investing in the digital asset world has become a difficult task for goal-oriented minds. However, the onset of stablecoins has proven to be a useful tool for trading in the market today. Stablecoins can be described as cryptocurrencies tied to other valuable…

A Beginner’s Guide to Bitcoin and Cryptocurrency Mining

When Bitcoin launched in 2009, technological and financial experts wanted to see how a digital currency can function. Satoshi Nakamoto, the currency and blockchain creator, introduced proof of work algorithms designed to mine and increase coin circulation. Many blockchains that launched afterward used crypto mining to release new coins.  Crypto mining is primarily the process of gaining new cryptocurrencies by participating in block validation. It mainly involves solving computational puzzles, adding new transaction records to the blockchain, and creating new…

The KuCoin Exchange – An Easy to Follow Guide for New Users

KuCoin is an advanced and secure cryptocurrency exchange that has made a name in the industry as a top-quality blockchain services provider. The platform is one of the most popular exchanges in the world at this time. KuCoin has over 5 million registered users from 200+ countries and regions. This level of user participation means that KuCoin enjoys some of the highest liquidity in the market. Specifically, the exchange has hit a daily volume of nearly $500 million. Benefits of the KuCoin…

Beginner’s Guide to choosing the right crypto wallet

Cryptocurrencies are virtual assets meaning they do not exist in the real sense. However, using crypto wallets, coin holders can store and use their reserves. A cryptocurrency wallet refers to a software program that securely holds public and private keys that allow digital currency owners to view their balances, send, and receive coins on a blockchain. Users can view the wallet as their local bank that stores their funds and access them when needed. Therefore, if you are interested in…

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