Cryptocurrency
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Nexa Coin: A Game Changer in Digital Finance
Nexa is a proof-of-work UTXO Layer-1 blockchain with native tokens and smart contracts that can scale for global P2P distribution. By using hardware to scale, Nexa removes the two main bottlenecks to scalability: signatures and UTXO lookups, making it both more stable and faster to run. How Do Nexa Blocks Work? Nexa uses technologies such as Graphene, which reduces traffic load by distributing blocks more efficiently. Xthinner, a new block…
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US Employment Data Causes Bitcoin to Drop
Today was a remarkable day for the US labor force with the release of highly anticipated US employment data that revealed an amazing 517 thousand job increase in January, far surpassing expectations of 185 thousand. This great news caused Bitcoin ‘s price to drop to $23,244 shortly after the announcement and remain at approximately 23K today. Why Are Markets Falling? The question on everyone’s mind is why Bitcoin and other…
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Crypto Market Revitalized: Hedera, Convex, Frax, Enjin, and Axie Are in Focus
The slump that has dominated the crypto market for a long time is coming to an end. Bitcoin briefly climbs above $23,000. Many other crypto digital assets such as Bitcoin are also gaining in value. With these developments, a bull run is on the horizon. In the days following the week of January 23, Hedera (HBAR), Convex Finance (CVX), Frax Share (FXS), Enjin Coin (ENJ), and Axie Infinity (AXS) coins…
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VeChain Aims to Catch Up the Tide with “The HiVe”
VeChain recently released a Medium article introducing their exciting new launch, The HiVe. This sustainability and Web3-focused event is set to be the successor of VeChain’s 2019 summit with an ambition to spur collaboration within the Web3 community and accelerate sustainable progress in our world. Vechain The Hive Will Launch On February 2 The HiVe is officially launching its registration and landing pages on February 2, 2023 – for free.…
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India ‘s Largest Retail Chain Now Accepts CBDC
As more and more countries explore their own digital currency, central bank digital currencies (CBDCs) are gaining momentum. Today’s headlines show us that India is leading the charge, with Reliance Retail – one of the country’s largest retail chains – announcing its acceptance of CBDC payments in stores across the nation. This move signals a monumental shift toward a cashless society as we enter an era where digital money reigns…
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Chainalysis: “North Korean Hackers Stole Nearly $2 Billion In 2022”
In 2022, North Korean hackers stole a staggering $1.7 billion of cryptocurrency – quadrupling the country’s prior record for crypto theft in 2021 at $429 million. Shockingly, this amasses to 44% of the entire amount stolen from cryptocurrencies worldwide last year; according to blockchain analysis firm Chainalysis, it was “the biggest year ever for crypto theft.” North Korea Turns To Cryptocurrency Theft To Fund Its Nuclear Program Despite the country’s…
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January’s Top Cryptocurrency Winners: Aptos, Metaverse and More
Despite a dismal 2022, the cryptocurrency market and metaverse market had a fantastic resurgence in January, with tokens severely affected last year leading the charge. Martin Leinweber, MarketVector Indexes’ digital assets product specialist, stated, “It’s quite normal for those coins who suffered greater losses to experience significantly higher gains when the industry is optimistic.” He explained how these lesser altcoins show stronger correlations with Bitcoin as it rises and falls.…
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When to Buy Bitcoin and Others? A Few Tips to Remember
The Heart of the Crypto Shifted from Asia to America No Trading on the Weekend Cryptocurrency markets are known for the high volatility that comes with trading them. Price movements in digital currencies are often more extreme than in the stock market. Double-digit losses or gains within a short period are not uncommon, making it all the more difficult to recognize when the right time to buy or sell cryptocurrencies has…
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South Africa Aims to Regulate Cryptocurrency Advertisement
Clear and Plain Advertisement Influencers Are Also Regulated On Monday, the South African Advertising Regulatory Board (ARB) published an updated code of advertising practice with strong guidelines specifically dedicated to protecting consumers from fraudulent crypto advertisements. These new rules aim to regulate and ensure transparency in the growing cryptocurrency sector. Clear and Plain Advertisement South Africa has recently issued new guidelines for all cryptocurrency companies and individuals, mandating that they…
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