Author: Micah Bamigboye

One of the top-ranked digital currency apps, Crypto.com is currently seeking a refund of US$ 7.2 million (AUD 10.5 million) that was accidentally transferred to a woman in Melbourne in May 2021. This was due to an error made while the platform was trying to refund her AUD 68. The employee that was saddled with the responsibility of refunding her typed her account number in the field where they were supposed to type the amount to be refunded. Consequently, the user received a total amount of 10,474,143 Australian Dollars which she splurge upon the receival. Crypto.com didn’t notice this huge…

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The world’s largest cryptocurrency trading platform by trade volume, Binance has recently taken a decisive decision on the USDC stablecoin listed on its exchange. On Monday the 5th of September 2022, Binance released a publication stating the plan of the exchange to remove the stablecoin USDC from the platform’s trading pair on the 29th of September 2022. In their issued statement titled “Binance to Auto-convert USDC, USDP, TUSD to BUSD”, Binance added that two other stablecoins, PAX Dollar (USDP) and TrueUSD (TUSD) trading pairs will be removed and customers who don’t transfer their assets in this stable coin will see…

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The Africa-based blockchain payment startup, Bitmama has raised a $1.65 million pre-seed expansion fund, an addition to the $350,000 it garnered in the last pre-seed round that was held last October. A total of $2 million has been gathered at the closing of the just concluded per-seed round. This just-concluded pre-seed round was led by Unicorn Growth Capital and Launch Africa Ventures. Following up on their previous investment in the October pre-seed, Adaverse and Flori Ventures also participated in this just concluded round. This new round also saw the investments of new investors. These investors are Tekedia Capital, GreenHouse Capital,…

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Source: Goblintown.wtf The emerging world of NFTs and metaverse has been increasingly filled with various wonders and amazing features. NFTs and Metaverse are intertwined and they work hand in hand as they enjoy a form of symbiotic relationship. Generally, the concept of NFTs to laymen would be the conversion of physical assets to digital ones. And as digital assets they might be pictures, videos are songs. This is what the majority of the populace knows with a limited scope on its use cases. The NFT and the Metaverse space is a very dynamic space and It is ever evolving. This…

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The Central Bank of Nigeria is pushing for broader use of “eNiara” as it is set to introduce the use of USSD for transacting the country’s official digital currency the e-naira. This was announced by the Governor of the Central bank of Nigeria, Godwin Emefiele during the grand finale of the eNaira Hackathon which took place in the nation’s capital Abuja. In his speech, Emefiele stated that about 8 million users are targeted and the first phase of the launch focused on bank users and tech-savvy people, while the second phase will be geared at financial inclusion where digital currencies…

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Decentralized Autonomous Organizations DAOs are digital organizations that are owned and governed by community members. All actions are computerized and automated through computer codes called smart contracts. These smart codes are geared to reduce the interference of humans and foster transparency. As a decentralized organization, members of a DAO have equal rights as they all collectively manage its funds, projects and other affairs. The smart contracts and blockchains are the mitochondria of DAOs. This is where the governance rules are written, automated and implemented using the software. To start a DAO, some boxes need to be checked by the creators…

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Before taking a deep dive into the rudiments of web 3, let’s go down memory lane and examine the world currently at web 3. The inception and emergence of the internet were called web 1. This was also referred to as a read-only web. In the web 1 era, websites were information-based and made up entirely of static content. Web pages are linked together with hyperlinks and users cannot interact with the content creators or the website. They can only read through and make do with what they have read. This era was from 1991 to 2004 before the advent…

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Cryptocurrencies and their various condiments are of no doubt the new cool. The global finance news space is always saturated with crypto news updates. NFTs, one of the most recent tractions gaining sectors have been leveraged by a lot of traditional companies. For instance, Nike acquired RTFKT Studio. Gaming companies have also leveraged this opportunity as they have leveraged the existing opportunities on blockchain to modify their games and make them more mainstream. Although the crypto space is getting bigger and is waxing stronger, several Play-to-earn projects have been struggling to survive and stay afloat. For instance, PolyChain monsters, a…

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The NFT space has been one of the consistently booming and expanding aspects of blockchain technology. A lot of blockchain enthusiasts have shifted their focus on NFTs to be able to make the most of them while they are still in the spotlight. In the NFT space, there are different waves and trends which last for some time before another takes over. We have seen the dominance of Ethereum-based NFTs that lasted for quite a while before Solana-based NFTs took over the main stage. At the moment, free mint NFTs are taking over the center stage. What are free…

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The Polygon-based Defi platform, Teller, has recently launched a lending protocol which allows users to buy NFTs on loan and pay what they owe over time. This is called “Ape Now, Pay Later.” This new protocol allows users to purchase on credit a non-fungible token from a collection of “blue chip” projects and pay for it later. The founder and CEO of Teller, Ryan Berkun believes that this service will provide NFT enthusiasts with access to aided financing to buy some of the blue-chip NFTs. Blue-chip NFTs like Bored Ape, Mutant Ape, Adidas Originals: Into the Metaverse, Doodles, Meebits, and…

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