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Bitcoin’s price remained near four-day lows despite concerns about the stability of the US banking sector. On May 1, BTC headed towards $28,000 support after the Wall Street open, as markets digested fresh US banking jitters. However, Bitcoin bulls failed to gain a grip, with BTC/USD dropping to multi-day lows, shedding over $1,000 since the

Nigeria, a country with a high level of interest in cryptocurrencies, is developing new regulations for digital asset platforms. According to recent news, the Nigerian Securities and Exchange Commission (SEC) is reportedly considering allowing licensed digital exchanges to list tokens backed by assets such as equity, debt, or property. Cryptocurrencies such as Bitcoin and Ether

The introduction of blockchain technology in 2008 aimed to solve major problems with traditional transactional systems such as trust, security, decentralization, and efficiency. Over time, blockchain technology has expanded beyond finance and has been used in supply chain management, healthcare, games, digital media, and social media, among others. However, the blockchain industry still faces significant

According to a recent analysis, blockchain technology is transforming social media platforms by improving transparency, reward systems, and voting mechanisms. Social media platforms have become a major source of entertainment, communication, and self-expression, but they lack a transparent and engaging reward system for user-generated content. TikTok, for example, has implemented monetization features, but the platform’s

According to a recent report by Privacy Affairs, a data security provider, hacked and verified cryptocurrency accounts remain the most expensive type of hacked account being sold on the dark web, despite their prices dropping significantly. Cybercriminals are selling verified cryptocurrency accounts on the dark web for as little as $30. The data shows that

The cost of mining one bitcoin in the United States has risen to at least $17,000 compared to the range of $5,000 to $10,000 just a year ago. This increase is due to the rising electricity rates in the country, with commercial electricity tariffs surging at an average of 10.71% per state between January 2022

The financial industry is undergoing significant changes due to digitalization, and tokenization are becoming increasingly important. This process involves the use of blockchain technology to digitize assets and create new opportunities for markets, assets, and potential investors. According to the Boston Consulting Group, the illiquid segment of the tokenization market is projected to reach $16

Simple.App, a cryptocurrency platform, is piloting a new solution to facilitate low-cost, simple, and fast international money transfers for people in Ukraine. Traditional banking systems are undeniably slow and expensive, and various banks have uncommon relationships with each other, creating a significant barrier to sending international payments from one country to the other. As a

Binance, a major cryptocurrency exchange, has acquired Sakura Exchange Bitcoin (SEBC), a licensed crypto exchange platform in Japan, signalling its re-entry into the Japanese crypto market. Binance previously failed to obtain an independent license in Japan in 2018, resulting in the folding of its operations in the country. However, Binance managed to acquire SEBC in

One of the world’s largest financial services corporations, Mastercard, has launched a new Web3 solution called the “Mastercard Crypto Credential,” aimed at improving user verification standards and reducing fraudulent activities in the digital asset space. The solution will provide a unique identifier to users, enabling them to verify whether an address they want to send