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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…

Vitalik Calls Michael Saylor a “Total Clown” Over Opinion on Ethereum

Vitalik Buterin – co-founder of Ethereum – labeled MicroStrategy CEO Michael Saylor a “total clown” over Twitter on Saturday. The developer’s comment was in response to a clip of Saylor discussing Ethereum, securities laws, and the latter’s supposedly “biblical” basis. Saylor and Bitcoin Maximalists Chatting with the Not Investment Advice podcast in mid-July, Saylor spoke at length about Ethereum’s relationship with securities law. In one segment, he suggested that securities laws are rooted in biblical commandments, such as “thou shall…

WMA: Bitcoin Nears $24,000, Ethereum Surges Towards $2k, and Altcoins Thrive

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,102 billion. Bitcoin has increased by nearly 5% this week. Ethereum gained almost 7% over the past seven days. XRP is up by nearly 8% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector dropped the total value protocols (TVL) to $40.79 billion. Crypto Trends…

“Governments Feel Threatened by Decentralization” – Tim Draper

In a recent interview with the Economic Times India, billionaire investor Tim Draper shared his views on the future of the crypto industry and its regulatory journey. Amongst many things, the popular investor believes a decentralized currency offers more perks for society than many fiat currencies. Draper Shares Views on Crypto and Decentralization The interview initially focused mainly on India’s startup industry. Draper revealed his thoughts on the prospects of the space amidst the current economic downturn. However, he later…

Over 50% of Staked Ethereum Held by 4 “Centralized” Entities: Glassnode

Glassnode – a blockchain data provider – and CoinMarketCap have released their July 2022 report covering on-chain data during the bear market. On the topic of staked ETH, the report noted that a majority of the supply has concentrated in the hands of four staking providers.  Highly Concentrated Staking Per the report’s data, the amount of ETH staked on Ethereum’s beacon chain through Lido alone has already swelled to 4.137 million. That’s 31.8% of all staked ETH in existence.  Another…

Doge Users Warn Against “Scam Project” Dogechain

The Doge community has made several warnings concerning scam projects claiming to have links to Dogecoin and its Dogechain.info explorer. Mired by allegations of bans and monopoly, several Doge users are raising alarms and dissociating themselves from the new Dogechain token. Alerts Across the Doge Community A project dubbed “Dogechain” emerged in crypto circles some weeks ago. Dogechain claims to supply the Doge community with offerings such as non-fungible tokens and decentralized finance. According to the creators, the project achieves…

Coldcard – An Advanced Bitcoin Hardware Wallet

There are many different types of cryptocurrency wallets available on the market today. Some wallets are software-based, while others are hardware-based.  Coldcard is a Bitcoin hardware wallet that offers a high level of security for your digital currency. This review will look at the features and benefits of using Coldcard. What is Coldcard? Coldcard is a group of hardware wallets offering exclusive support for Bitcoin. It comes with specialized chips designed to securely store your seed words. All the code…

Archos – Managing Your Crypto Keys with a Hardware Wallet

As the world of cryptocurrency becomes increasingly popular, the need for secure wallets to store digital assets becomes more critical. While many different types of wallets are available, hardware wallets are becoming increasingly popular due to their enhanced security features. This article will look at Archos, a hardware wallet producer that offers excellent security for your cryptocurrencies. What is Archos? Archos is a French company that produces Android-based tablets, portable media players, smartphones, and storage devices. A few years ago,…

Cardano Vasil Hard Fork Pushed Back by Some Weeks

Citing plans for a hitch-free launch, the Cardano team shared news of yet another delay to the long-anticipated Cardano Vasil hard fork via a Youtube video yesterday. Not the First Delay The upcoming hard fork is the most significant update to the network users have seen since September 2021’s Alonzo hard fork. Input Output Global, the Cardano network’s research and development organization has tagged the Vasil hard fork a “game changer.” Reportedly, the upgrade will take Cardano’s speed and scalability…

Huobi Global Registers with Australia’s Financial Regulator

Leading crypto exchange Huobi Global has registered to start offering crypto exchange services in Australia. Huobi announced this bullish news via Twitter earlier today. [embed]https://twitter.com/huobiglobal/status/1552957109548904450?s=21&t=g8UYKpG1RErsZYXTQ-VYoQ[/embed] Huobi announcement comes after the Australian government said it would create a market license regime for crypto exchanges. According to Jane Hume, Australia’s Minister for Digital Economy, this regime sought to ensure Australians invest safely in crypto. At the time, Huobi Global co-founder Du Jun hinted at the exchange’s ambitions to set up shop in…

SecuX V20 – A Hardware Crypto Wallet for Your Coins and NFTs

Hardware wallets are a necessary security precaution for anyone investing in cryptocurrencies. They store your coins offline, so hackers can't effortlessly steal them.  SecuX V20 is one of the latest hardware wallets on the market. The product offers a variety of features that make it a choice for anyone looking to secure their coins.  Here in this review, we will mention some things that make the SecuX V20 stand out from other hardware wallets. What is SecuX V20? SecuX V20…

Santander Brasil CEO Says Bank Will Soon Roll Out Crypto Services

Spanish banking giant Santander is planning to start offering crypto trading services in Brazil in the coming months. Local newspaper Folha de S. Paulo reported on July 28, citing the bank’s CEO, Mario Leao. According to Leao, Santander might introduce crypto trading in its next quarterly results or earlier. Explaining why the bank has decided to offer crypto services, Leao said: We recognize that it is a market that is here to stay, and it is not necessarily a reaction…

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.…

It Gets Worse: Celsius Email List Leaked to Third-Party

Bankrupt crypto-lender Celsius sent an email to customers on Thursday revealing that their emails were leaked in a data breach. The company claimed this doesn’t present any high risk to their clients, but informed them as a matter of communication. In the email ZeroHedge shared, Celsius said that it was informed of the leak by Customer.io. The company serves as Celsius’ vendor and functions as an automated messaging platform for sending data-driven marketing emails.  The vendor said that one of…

Zipmex Seeks Temporary Protection to Shield Against Creditors

Days after halting withdrawals, Thailand-based crypto exchange platform Zipmex has now filed for a moratorium protection. The filing makes the exchange the latest in a series of failing platforms seeking court protection from their creditors. Zipmex Freezes Withdrawals, Files for Extra Time About a week ago, Zipmex shared the news that it was freezing user withdrawals “until further notice.” At the time, the platform cited unstable market conditions and financial difficulties with a few partner companies. They promised that a…

SEC Chairman: Crypto and Securities Exchanges Should be Treated the Same

Gary Gensler – Chairman of the Securities and Exchange Commission – recently outlined the investment risks associated with crypto trading platforms. He said they resemble the structure and function of stock exchanges, and ought to be regulated in the same manner.  In a video posted Thursday, Gensler explained that crypto platforms, like stock markets, bring buyers and sellers together. Millions of customers regularly trade on such platforms without operating through a broker.  As such, he argues that crypto platforms should…

StanChart-backed Zodia Markets Goes Live in the UK

Zodia Markets, a crypto exchange focused on institutions, has launched in the UK after registering with the Financial Conduct Authority (FCA). The company, which is a subsidiary of Zodia Custody, announced on July 28. By registering with the FCA, Zodia Markets can now offer UK-based institutional customers crypto trading and brokerage services. According to the announcement, Zodia Markets is the first international bank-backed crypto business that the FCA has listed on the UK Financial Services Register. Commenting on this development,…

UK Law Commission Says Crypto and NFTs Need Own Laws

The UK’s Law Commission calls on the government to formulate laws that exclusively govern the crypto and NFT spaces. Bloomberg reported on July 28, noting that the commission believes the current laws cannot adequately govern the burgeoning sectors. According to the report, the commission is requesting lawmakers to change laws regarding personal property to include data objects. The entity claims that implementing these changes would help courts decide ownership claims of tokens. Additionally, the commission believes these reforms can help…

BitBox02 – Store Your Crypto on a Hardware Wallet from Switzerland

A hardware wallet is a physical device that stores your cryptocurrency. It usually looks like a USB drive; you can connect it to your computer to access your coins.  Using a hardware wallet is a good idea because it keeps your private keys away from your computer. This feature makes it dramatically more secure than storing them on an exchange or in a software wallet. Hardware wallets are the new hot topic in the crypto industry. BitBox02 is a Swiss…

Keystone Pro -The New Generation of Crypto Wallets

Hardware wallets are a necessary security precaution for anyone investing in cryptocurrencies. Hackers can't easily get their hands on your money since your private keys are offline. Keystone Pro is a famous hardware wallet on the market. The wallet offers some features that make it stand out from the competition. You may know this product by its former name, Cobo Vault. Keystone Pro is a new generation of crypto wallet that offers users security and peace of mind. Our review…

SafePal – A Crypto Hardware Wallet with Global Market Reach

Cryptocurrency hardware wallets are a safe and secure way to store your digital currency. They are often compared to traditional bank vaults, as they offer the same level of security for your cryptocurrency holdings. One of the most popular crypto hardware wallets on the market is SafePal.  SafePal is a global company that offers its customers a range of crypto hardware wallets. The company strongly focuses on security, and its products aim to provide maximum protection for your digital assets.…

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