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…

How to Protect Yourself from NFT Scams

As the popularity of cryptocurrencies and blockchain technology continues to grow, so does the potential for scams and fraud. In this article, we’ll go over some common threats to your safety when investing in or using non-fungible tokens (NFTs).  The guide will provide some tips on how you can protect yourself from these dangers.  The NFT Opportunity and Its Appeal to Scammers Blockchain, a decentralized ledger tracking all transactions involving an item, is where NFTs reside. NFTs can represent anything…

Slope Wallets Take the Fall for Ongoing Solana Exploit

In recent days, the Solana network has been the victim of a widespread attack that has affected over 8000 user accounts. So far, the culprit behind the hack has drained wallets of more than $8M worth of crypto assets.  According to the Solana team, it appears only Slope wallets have been susceptible to the hacks so far. No Bugs On Solana’s End Solana’s security personnel claims to have identified the origin of the breach. In an update that went up…

Decentraland – A Virtual Reality Platform Unleashing the Blockchain Potential

Since its inception, virtual reality has been a phenomenon. People have been fascinated by the idea of stepping into another world that humankind created. With Decentraland, this fascination has become a reality.  Decentraland is a popular virtual reality platform that allows users to create and experience anything they can imagine. Decentraland is also a cryptocurrency platform. Within the Decentraland ecosystem, users may buy goods, services, and real estate with the MANA token. The MANA token enables the project's founders to…

Michael Saylor Explains Why He Stepped Down as CEO of MicroStrategy

Billionaire Bitcoin maximalist Michael Saylor has relinquished his role as CEO of MicroStrategy, according to a company announcement on Tuesday. He spoke with CNBC the following day about the rationale behind the executive transition and his company’s financials. No Changes to the Bitcoin Plan In conversation with CNBC’s Squawk On The Street, Saylor reviewed MicroStrategy’s stock performance over the past two years. Despite tremendous volatility, it is ultimately up 123% since it first invested in Bitcoin in August 2020. That’s…

Hashed, CoinShares Hope to Recoup Losses from Terra Crash

In the aftermath of the Terra collapse, firms like CoinShares and Hashed are still reeling from significant losses.  CoinShares Records a £17.8 million Loss On Tuesday, CoinShares Europe’s biggest digital asset investment firm released its financial results for the 2nd quarter of the year. Following the Terra-Luna debacle, the firm’s investment in the stablecoin ecosystem experienced a one-off loss, scaling £17.8 million. CoinShares’ Capital Markets business bore the brunt of the crash, the report revealed. However, their Asset Management arm…

Chain Pet – A Play-to-Earn Ecosystem for an Enhanced Crypto Experience

Blockchain gaming is starting to take off, and Chain Pet is one of the games leading the charge. In this review, we'll look at Chain Pet's main features and how it sets itself apart from the competition. Chain Pet is a play-to-earn ecosystem that rewards players for their contributions. By upgrading, breeding, and combating their elves, players may construct their world. The elves obtained are all personal assets, so finding a partner is essential to help you get started. One…

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…

LoserChick – A GameFi Crypto Platform Relying on Staking

LoserChick is a fun and addictive new game that allows players to catch and smash eggs for NFTs. In addition to providing many ways for players to earn, LoserChick also offers lower gas fees and higher transaction speeds.  Because of its relationship with Polygon, it's an excellent option for gamers seeking to spice up their day a little. This review will analyze LoserChick in detail, so be sure to check it out if you're interested in learning more. What is…

DeNations – A Global Play-to-Earn Crypto Experience

DeNations is a popular platform for gamers who want to get involved in the crypto market. Users can expand their nations, build civilizations, and earn rewards. The gaming industry is growing rapidly, and DeNations provides an excellent opportunity for gamers to get involved.  This review will analyze the main features of DeNations that appeal to crypto investors and gamers. What is DeNations? For those who like to earn prizes while having fun, DeNations can be an appealing platform. Each nation…

1inch Integrates Fiat/Crypto Payment Platform Wirex

The decentralized exchange aggregator 1inch has announced an integration with the fiat/crypto payment platform Wirex. This integration will bring 1inch API to Wirex’s non-custodial wallet, providing it with direct token swap functionality. According to a press release shared by 1inch, the integration will also use 1inch’s pathfinder to let Wirex users find the most favorable rates for their trades.  “The Wirex integration is a natural step for 1inch, which always strives for universal application and mass adoption of its products…

CBDCs Are Better Than Bitcoin For Cross-Border Payments, Says ECB

On Tuesday, the European Central Bank (ECB) released the results of a study examining the ideal model for cross-border payments. According to the paper, next to options such as Bitcoin (BTC) and stablecoins, CBDCs come out on top. ECB Pursues the "Holy Grail" While Bitcoin and other crypto solutions have been touted as excellent options for cross-border payments, the European Central Bank thinks otherwise. In fact, the ECB thinks a rather perfect solution would possess some particular attributes they believe…

AbellWorld – A Gaming Ecosystem Using NFTs and DeFi Technology

Cryptocurrencies are changing the gaming industry, with new platforms and games emerging that use blockchain technology and decentralized systems.  One such platform is AbellWorld, which uses NFTs and DeFi technology to create a gaming ecosystem that benefits players economically.  In this article, we will discuss how AbellWorld is providing a decentralized solution for all crypto gamers. What is AbellWorld? AbellWorld is a gaming ecosystem that uses NFTs and DeFi technology. It aims to be fair and equitable, focusing on data…

Bots.io – Getting Started with Automated Trading Bots in One Minute

If you want to enter the crypto world, you'll need a tool helping you make the most of your investments. Trading bots are software programs that use historical data to analyze current market trends. This analysis allows a bot to predict where prices will likely head in the future.  This information can help a bot make buy and sell decisions, allowing traders to automate their strategies and maximize profits.  Bots.io is a popular solution for crypto traders that offers many…

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…

BinaryX Releases Rh!noX Whitepaper Detailing New Key Features of its Ecosystem

BinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain. The Rh!noX NFT series gets its inspiration from Soulbound items in the World of Warcraft game and aims to be the first-ever Soulbound Token on the BNB chain. Moreover, the collection links the holders' NFTs to their interactions, thus developing them into unique…

WunderTrading – Advanced Automated Crypto Trading for Every Investor

If you're looking for a reliable and automated crypto trading solution, WunderTrading is a popular option. With years of experience in the market, they offer a simple and easy-to-use platform perfect for beginners and experienced traders.  You can trade manually or use their powerful bots to automate your trading strategies. Let us learn more about WunderTrading in today's review. What is WunderTrading? WunderTrading is a trading platform that offers a wide range of features for beginners and experienced traders. These…

Trality – Automated Trading for Crypto Enthusiasts

If you are an enthusiast trader in the crypto market, you want to make the process easier and more profitable. Trality is one solution that has been gaining popularity among traders.  It is an automated trading bot that allows users to trade cryptocurrencies quickly and predictably. Let's take a closer look at what Trality offers and how it could benefit your trading experience. What is Trality? Trality is a platform offering traders and developers many benefits, including a code editor,…

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…

Luxury Jeweler Tiffany & Co. to Launch CryptoPunk-themed Necklaces

American jewelry retailer Tiffany & Co. has partnered with blockchain firm Chain to offer CryptoPunk holders exclusive necklaces. The high-end jewelry brand revealed this news via a tweet on July 31. [embed]https://twitter.com/TiffanyAndCo/status/1553811244536270852[/embed] NFTiff is a collection of 250 digital passes, which the firm is offering CryptoPunk holders. Each pass has a price tag of 30 Ether (ETH), and buyers can redeem their passes to get a custom-designed pendant that resembles their CryptoPunk. Additionally, Tiffany & Co. will offer buyers an…

Bitkub CEO Says Acquisition Deal with SCB X is Stuck in Due Diligence

The acquisition deal between Thai-based crypto exchange Bitkub and SCB X is still in the due diligence stage. Bitkub Capital Group Holdings CEO Jirayut Srupsrisopa revealed this news during an interview with Bloomberg TV on August 1. In the interview, Srupsrisopa said, I can’t mention about the deal publicly yet because it’s under the due-diligence process. But everything is still in the same timeline. That’s all I can mention about the deal. SCB X, the parent company of Thailand’s oldest…

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