Ikonia, a digital platform based in Kyiv and Gothenburg, has announced that it will sell 43,287,512 NFTs, one for each Ukrainian citizen. The ‘Stand With Ukraine‘ launch of the NFT sale raises funds for charities in the embattled country. More than 43 million NFT editions will be sold for $10 each; so far, more than…
China has issued a new ban on raising funds through “virtual currency,” declaring the practice illegal. In China, anyone who uses cryptocurrency to raise funds for a cause will face a prison sentence. The severity of the punishment will be determined by the amount of capital one has amassed through the use of virtual assets,…
“Binance,” one of the world’s largest cryptocurrency exchanges,” is reportedly investing $200 million in the company as it prepares to go public via a special purpose acquisition company, according to Forbes (SPAC). Binance’s investment will replace half of the $400 million in private placement commitments made by Forbes and Magnum Opus Acquisition Limited, the world’s…
Binance, a major cryptocurrency exchange, will invest $200 million in Forbes, the media company announced on Thursday, as it prepares to go public through a special purpose acquisition company (SPAC). Binance’s investment will replace half of the $400 million in private placement commitments already announced by Forbes and SPAC company Magnum Opus Acquisition Limited. Forbes…
Bitcoin has been on a steady bull run since February 4, but there appears to be a price ceiling for now, as bears were able to lower the price of Bitcoin further down, around $43,500, after reaching a weekly high of $45,500 early on February 8. The price of the world’s most valuable cryptocurrency has…
Binance, the world’s largest cryptocurrency exchange, has restricted the accounts of 281 Nigerian customers. Changpeng Zhao, the company’s CEO, cited the need to comply with international money laundering regulations in order to ensure the platform’s security for traders. Changpeng Zhao stated in a letter to Nigerian customers on January 29 that the decision to block…
BitPowr, a Nigerian startup, has begun operations, offering blockchain API, wallet, and digital asset infrastructure to businesses. BitPowr, a stealth startup founded in early 2021, provides infrastructure for businesses and organizations looking to create, manage, and secure their crypto wallets on the blockchain network. The startup provides a wallet API – a full-suite wallet management…
Instagram stories and direct messages will now feature 3D avatars, thanks to Meta. It has also updated its Facebook and Messenger avatars. The update includes new facial shapes as well as assistive devices such as wheelchairs for people with disabilities. The update is now available in the United States, Canada, and Mexico, as well as…
One of the main reasons why most individuals avoid using blockchain or crypto platforms is because of the intricacies involved. Many people who have sought my assistance in starting their crypto adventure are put off by the complicated-looking platforms. While data from Chainalysis suggests that crypto use is fast expanding, studies from Triple A, a…
According to the latest Cryptocurrency Adoption Index from Finder.com, cryptocurrency adoption is increasing in South Africa. In the December study, 11 percent of South African adult internet users, or an estimated 4.5 million people, claimed they owned cryptocurrencies, up from 10 percent in October – a one percentage point rise. Bitcoin remains the most popular…
Blockchain technology is one of the most bizarre ideas now powering the digital world. As many have pointed out, technology will serve as the foundation for numerous advancements. This comprises coins, tokens, NFTs, DeFi, and, most recently, the Metaverse. Despite its significance and significant role in the future of technology, few people, particularly in Africa,…
Former First Lady Melania Trump has announced an NFT auction of one-of-a-kind items commemorating the Trump Administration’s first official state visit. The NFT auction is called ‘The Head of State Collection,’ and it includes three items, including the hat she wore to meet French President Emmanuel Macron. In April 2018, the French president and his…
For the global cryptocurrency industry, 2021 will be remembered as one of the many years when bitcoin broke through its all-time price high and pushed the sector even closer to mainstream adoption. However, from a regional standpoint, it is arguably the year in which Africa took center stage. From a reported 1,200 percent increase in…
Airbnb, the popular accommodation-booking platform, may start accepting cryptocurrency payments this year. Airbnb CEO Brian Chesky shared a list of customer requests on Twitter, with enabling crypto payments ranking first. Chesky stated in his post that his company is already working on most of the customer suggestions, while promising to investigate others. Recently, a number…
While 2021 was the crypto year, 2022 will be the custody year. Central banks all over the world are racing to develop and launch their own CBDCs, and surveys indicate that investment in digital assets will continue to rise. Blockchain-powered digital assets have the potential to completely reshape how we interact with the financial system….
Kosovo’s government banned cryptocurrency mining on Tuesday in an effort to reduce electricity consumption as the country faces the worst energy crisis in a decade due to production outages. “All law enforcement agencies will halt this activity in collaboration with other relevant institutions that will identify the locations where cryptocurrency production occurs,” Economy and Energy…
According to the CEO of a game-changing global financial giant, Bitcoin will be legal tender in three more countries by 2022. Nigel Green of deVere Group, one of the world’s largest independent financial advisory, asset management, and fintech organizations, doubled down on a prediction made by El Salvador’s President on Sunday. Nayib Bukele tweeted a…
In its own way, Samsung has validated the crypto space by announcing new features that will be included in its upcoming lineup of smart televisions. The South Korean tech behemoth has announced a new “NFT Aggregation Platform” that will debut alongside its latest Smart TV models at CES 2022. People will be able to browse…
Ferrari announced on Monday that it has signed a multi-year agreement with Swiss technology firm Velas Network to create digital content for its fans. Velas, a provider of digital products and services, will become a partner of Ferrari’s Formula 1 racing team beginning next season. “Moreover, Velas will be the Title Sponsor of the Ferrari…
Blockchain technology has many more applications than just cryptocurrencies and Bitcoin. The ability of technology to provide more transparency and accountability while also saving firms time and money has an impact on a wide range of areas, from contract enforcement to government efficiency. All of these factors contributed to the success of India’s leading blockchain…
Non-fungible tokens (NFTs) have created quite a stir throughout 2021, quickly transitioning from something obscure and nerdy to one of the most desired items of digital consumerism, with global searches for the term “NFT” appearing to have surpassed those for “Crypto” for the first time, according to Google Trends. While the crypto market has seen…
The year 2021 has been an eventful one for businesses all over the world. From major technological advancements to widespread supply chain challenges, the last 12 months have kept business owners and marketers on their toes. And, with no end in sight to the excitement, it’s more important than ever to keep an eye on…
Blockchain startups from Egypt and Zimbabwe have been invited to apply for the Africa Blockchain Incubation Programme, which aims to foster innovation and creativity in the field of distributed ledger technologies. The Africa Blockchain Incubation Programme seeks ambitious individuals who are forward-thinking, innovative, and have strong computer science backgrounds. Qualified candidates will go through a…
As we get closer to Christmas, the crypto market appears to be on its way to a quick recovery following days of constant dips. Bitcoin is currently trading at $51,484 per token on the Indian exchange CoinSwitch Kuber, up 0.80 percent. In recent days, Bitcoin’s low-lying values in India have hovered around $50,000. The world’s…
Adidas Originals has recently entered the emerging market of non-fungible tokens (NFTs) and the metaverse. Over the weekend, the company earned more than $22 million after its NFT pieces were minted within minutes of going on sale. According to the CoinGecko calculator, each of these NFTs was priced at ETH 0.2, which converts to $769….
Many people are still perplexed by what the metaverse is or could be. Millions of dollars, however, are being invested in this virtual universe. BusinessToday.in reported on November 29, 2021, that Tokens.com, a Canadian investment firm, spent $2.5 million on a virtual land in the metaverse. The property was purchased on Decentraland, a blockchain-based virtual…
Climate change is the most pressing issue of our time. Every one of us, from policymakers to individuals, has a responsibility to do our part to ensure that sustainability and green practices are implemented throughout society. Indeed, governments around the world, from the United States to China, are increasingly taking a proactive stance on climate…
Bitcoin’s value fell 3.43 percent on Tuesday, December 14, continuing its trend of greater losses and smaller gains. Kuber, the world’s oldest cryptocurrency, is currently trading at $50,553 on the Indian exchange CoinSwitch. Bitcoin’s value is currently hovering around $47,235 on international exchanges such as CoinMarketCap. This is the fourth week in a row that…
Pepsi has chosen to commemorate its birth year, 1893, with a series of one-of-a-kind non-fungible tokens (NFTs). The company’s NFT series, titled “Pepsi Mic Drop,” will include 1,893 pieces of a microphone visual inspired by Pepsi flavors such as Classic Blue Pepsi, Silver Diet Pepsi, and Red Pepsi Wild Cherry, among others. An algorithm will…
Prince Clem Akanade Agba, Nigeria’s minister of state for budget and national planning, has called for the establishment of a new regulatory body to oversee the regulation of crypto activities in the country. The minister stated this at the recently held Crypto Coinference, which was organized by the tech media organization Technext. According to him,…