The word “metaverse” is the most popular in the worldwide tech market today. Big tech companies worldwide are racing for a piece of the virtual pie that analysts expect will be worth trillions. Companies Developing the Metaverse are concentrating on creating new technologies and features that will allow users to communicate with one another more […]
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The seminal Bitcoin paper written by the elusive Satoshi Nakamoto has introduced a novel technical concept whose usefulness goes well beyond cryptocurrencies, blockchain. Blockchain is basically a shared distributed ledger, and each user of the associated network has a full copy of it. Once a transaction is made, it is first validated to make sure it is […]
Uganda’s central bank is considering whether to issue a digital currency and has not banned cryptocurrencies, but has concerns about risks from the technology including consumer protection and financial inclusion, a senior bank official said on Friday. “Bank of Uganda is currently doing preliminary studies on whether or not a central bank digital currency should […]
Shanghai residents are turning to the blockchain to preserve memories of the city’s month-long COVID-19 lockdown, minting videos, photos and artworks capturing their ordeal as non-fungible tokens to ensure they can be shared and avoid deletion. Unable to leave their homes for weeks at a time, many of the city’s 25 million residents have been […]
Shares in Robinhood Markets Inc, the brokerage at the center of last year’s retail trading frenzy, slipped to a record low on Thursday after it posted a 43 percent fall in first-quarter revenue and a decline in monthly active users. Shares of the Menlo Park, California-based firm dropped more than 12 percent to $8.83 in […]
A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG, has jumped 7.4% in 2022, while main rival Tether Gold has […]
With a stable of businesses ranging from electric cars to private rocket ships, iconoclastic billionaire Elon Musk has become the richest person in the world by building a fortune firmly planted in 21st century technology. With an all-cash $43 billion offer to buy Twitter Inc, Musk may soon emulate the tycoons of the past by […]
There is no one alive today with an internet connection that has not heard of Bitcoin. It is the most valued crypto currency in the world today, yet, the creator of Bitcoin itself is unknown. Doxxing the man behind the biggest digital currency in the world has been the mission for many with a keen […]
The world of cryptocurrencies, NFTs, and Blockchains overall is the wild west of the internet. Barely regulated, fraught with fraudsters, and brimming with scammers, it is up to the individual to tread carefully and only connect their wallets to what they trust. Still, trust can be abused as famous influencers use their platform and their […]
U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. In a speech on digital assets policy released by the Treasury, Yellen said that in many cases regulators already […]