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Monday, May 20, 2024

Technology

Twitter rolls out feature to allow tipping in bitcoin

Twitter is currently testing a product that will allow tipping in bitcoin (BTC) over the lightning network. The lightning network is a blockchain architecture that allows fast and near-instant payments. Additionally, it can scale to millions and even billions...

Bitcoin falls as China tightens restrictions on crypto

China has indirectly declared an all-out war on crypto as the People’s Bank of China deems all crypto transactions illegal. As of now on, they will ban overseas exchanges from providing cryptocurrency services to local investors. Additionally, they will...

Coinbase ditches controversial lending product as SEC applies pressure

Billion-dollar crypto exchange Coinbase will not be releasing their crypto product called Lend. After weeks of uncertainty, Coinbase finally succumbs to pressure from the SEC over their controversial new product launch. This was a product that would allow users...

Opensea bans insider trading after employee takes advantage

Opensea finally succumbs to the pressure of banning employees who were profiting off insider information. A high-level executive was accused of profiting off artworks quickly after they were promoted on the website’s front page. In the report, they said that...

What are NFTS and why you need to know

We are now close to the end of the 3rd quarter of 2021 and while our governments are still grappling to get our society to some level of normalcy, a lot of changes have happened. Depending under which guise...

Mystery buyer purchases 24.4 million in bored ape NFTs

An unknown buyer purchased 101 NFTs (Non-Fungible Tokens) on Sotheby costing 24.4 million. These NFTs are all based around “bored apes” from the Bored Ape Yacht Club collection. Each ape is deemed to be unique with different characteristics: bored...

Gary Gensler wants to regulate the crypto market

As the crypto market starts to evolve and countries are starting to use it as legal tender, most countries are still figuring out what to make of it. On one hand, they cannot avoid it as a large distribution...

Over $3.5 billion worth of NFTs was traded on OpenSea in August

August has been a good month for non-Fungible tokens (NFTs), and brands are now adding fuel to the perceived craze. OpenSea which is the largest NFT marketplace at the moment trades over $3.4 billion dollars across 1.67 million NFTs....

5 blockchain-based use cases in finance

Whenever we hear the word “cryptocurrency”, bitcoin (BTC) is probably the first word that comes to mind. It has developed a cult-like following like no other in the 21st century. Within this following, you can find persons of all...

Telegram passes 1 billion downloads

The popular instant messaging app Telegram has finally passed 1 billion downloads according to mobile insight firm Sensor Tower. The app achieved the milestone on Friday and it is now the 15th app to do so. “ followed by Russia and...
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Latest News

Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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