Abdulkarim Abdulwahab
Nigerian Crypto Firm Lazerpay Closes Due to Lack of Fund
Lazerpay, one of Africa’s fastest-growing crypto-based fintech solutions, is shutting down its business operation. In a letter to stakeholders on Thursday, the CEO, Njoku Emmanuel, said Lazerpay ceased operation after...
Yearn Finance Urges Caution as Legacy Contract Bug Drains Multiple Pools
The decentralized finance (DeFi) platform, Yearn Finance, has announced that it is investigating an issue with an outdated contract called iEarn, which predated more recent versions such as Vaults v1...
ICC, WTO, Citi Group and Trade Finance Global Recognize XinFin XDC Network’s Potential in Trade Finance
Sunil Senapati, the COO at XinFin XDC Network, predicts a significant rise in blockchain adoption in trade finance due to the legal acceptance of digital trade documents, such as the...
Celsius Delays Disclosure Statement Citing Ongoing Talk with Bidders
According to a court document dated April 12, the bankrupt crypto lender Celsius has extended the deadline for its disclosure statement by two weeks due to the ongoing discussions with...
Hong Kong Banks Support Crypto, More Funds to Move into Stablecoin: CZ
A recent tweet by the CEO of Binance, Changpeng Zhao (CZ), suggests that Hong Kong (HK) banks are beginning to support cryptocurrencies. Zhao stressed the significance of the HK banks’...
“Crypto Is Racist,” Hoskinson Sarcastically Quips at SEC’s New Claim
“Crypto is racist,” quips Charles Hoskinson, the founder of proof-of-stake (PoS) blockchain, Cardano (ADA), in response to a comment from an advisory committee of the US Securities and Exchange Commission...
Binance CEO: Crypto Adoption Is Actually Below 0.45% Net-Worth Wise
While the number of crypto investors has increased in recent years, the overwhelming majority of people worldwide are yet to embrace the Web3 revolution. According to a recent report, just...
Half the Bitcoin in Circulation Hasn’t Moved in 2 Years: Glassnode
According to recent data from Glassnode, a well-known market intelligence firm, the percentage of unmoved Bitcoins (BTC) reached an all-time high of 53% in the last two years. This figure...
‘Blockchain Tech Should Be Inclusive of All Cryptos,’ Says Ripple CTO
Ripple’s Chief Technology Officer (CTO) David Schwartz, recently shared his thoughts about a question he was often asked regarding whether new blockchain technology should be designed to work solely with...
APE Token Staking in NFT Pools Puts Investors at Risk, Says PeckShield
PeckShield, a blockchain security company, has issued a warning to users staking APE tokens in NFT pools after an exploiter bought a Bored Ape Yacht Club (BAYC) NFT and received...
SushiSwap Loses Over $3.3M in Ethereum Due to Approval System Bug
PeckShield, a blockchain security and data analytics company, has revealed that a bug in the approval system of SushiSwap’s RouterProcessor2 contract has led to the loss of more than 1,800...
Mixed Reviews on Coinbase Stock as Investors Take Differing Positions
According to the latest filing with the Securities and Exchange Commission (SEC), Private Advisor Group LLC has reduced its holdings in the US-based crypto exchange Coinbase Global by 19.8%. This...
Sentiment Protocol to Reimburse Users 100% of Funds Lost to Exploit
In an exciting turn of events, the Sentiment liquidity protocol has announced today on Twitter that users affected by a recent exploit in the protocol will be reimbursed 100% of...
On-chain Gaming Accounts for 45.6% of dApp Activities in Q1 2023
According to a recent report from DappRadar, a leading tracker of decentralized applications (dApps), on-chain gaming activities have declined by 3.33% in March to 741,567 daily Unique Active Wallets (dUAW). ...
Terra LUNA Executives Are Under Investigation for Embezzling ₩414B
According to a local report on Friday, the South Korean crypto company Terra is under investigation by prosecutors over allegations of fraud and embezzlement in billions of Korean WON (KRW)....
CoinGecko’s Survey Unveils at Least a Fourth of Crypto Holders own 51 NFTs
A recent survey by the popular crypto market tracker, CoinGecko, in conjunction with Blockchain Research Lab, revealed that non-fungible tokens (NFTs) continue to gain popularity in the crypto community despite...
Advocacy Group Campaigns for FTX Creditors to Speak Up, Recover Funds
The advocacy group Digital Currency Traders Alliance (DCTA) is launching a new campaign for FTX creditors to help them participate in the ongoing bankruptcy process, which is believed to have...
Crypto Market Grows 50% YTD Despite Q1 Crisis: CMC Report
CoinMarketCap took to Twitter to observe that the global crypto market has seen significant growth in the first quarter of 2023, with a current market cap of $1.185 trillion, a...
Americans Expend $12B a Year on Intl Transfer Fees: Coinbase Report
Coinbase, the leading US-based crypto exchange, recently published a report highlighting that US citizens spend over $12 billion a year in fees to send an estimated $200 billion to friends...
Shanghai Upgrade to Unlock 17M ETH Next Week: What to Expect?
The Ethereum community is excited as the Shanghai upgrade is set to begin unlocking 17,000,000 ETH tokens from April 12, 2023. A crypto influencer on Twitter argued that while the...
Top Crypto Tax-Friendly and Worst Countries With Up to 50% Tax
A statistical firm has released a list of the top 10 crypto tax-friendly countries, providing valuable insights for crypto investors and traders looking for places with favorable tax policies for...
Arbitrum (ARB) Token Dump and Arbitrum Community FUD Explained
Over the weekend, the Arbitrum crypto community experienced panic calls and FUDs regarding the newly launched ARB token, as holders speculated that Arbitrum Foundation sold a substantial amount of the...
Crypto Millionaires Drive Up Rental Costs in Dubai’s Property Market
Dubai’s property market is transforming as crypto millionaires, bankers from Asia, and wealthy Russians seeking to shield assets move in. Data shows that the influx of these high-net-worth individuals has...
Elon Musk Acquires a Stake in Lovin Dubai for $100 Million: Report
According to an official report, Elon Musk has purchased an undisclosed stake in Lovin Dubai, a subsidiary of Augustus Media, for $100 million. The acquisition marks Musk’s first regional media...
