People - Page 3 of 275

Decentralized Finance (DeFi); The Game-Changer in Creating a People Oriented Financial Ecosystem

The launch of Decentralized Finance (DeFi) protocols in 2020 marked a significant phase in the growth of the crypto industry. As of writing, the total value locked (TVL) in this market stands at $69 billion, with Ethereum DApps taking the lion’s share. While the ongoing market slump has also affected the DeFi ecosystem, it is … Continue reading Decentralized Finance (DeFi); The Game-Changer in Creating a People Oriented Financial Ecosystem

China's Supreme People's Procuratorate Examines Legal Issues of NFTs Amid Booming Digital Economy

China’s Supreme People’s Procuratorate has turned its attention to the legal challenges associated with non-fungible tokens (NFTs), amidst the booming digital economy, according to an announcement made on its website. As new-age technologies like blockchain and concepts like the “metaverse” gain global traction, emerging applications like NFTs have become the focus of market attention. NFTs, … Continue reading China's Supreme People's Procuratorate Examines Legal Issues of NFTs Amid Booming Digital Economy

Binance to Remove ALCX, FOR, LOOM, NMR, PEOPLE, PUNDIX, SPELL, STORJ from BUSD Trading Pairs on August 25, 2023

On 2023-08-23, Binance, one of the leading cryptocurrency exchanges, made an official announcement regarding the removal of specific spot trading pairs. Effective from 2023-08-25 at 03:00 (UTC), the following spot pairs will no longer be available for trading on the platform: ALCX/BUSD, FOR/BUSD, LOOM/BUSD, NMR/BUSD, PEOPLE/BUSD, PUNDIX/BUSD, SPELL/BUSD, and STORJ/BUSD. However, Binance has clarified that … Continue reading Binance to Remove ALCX, FOR, LOOM, NMR, PEOPLE, PUNDIX, SPELL, STORJ from BUSD Trading Pairs on August 25, 2023

The Creative Uses of Crypto and Blockchain Many People Haven't Heard Of

Gaming, voting, donating, and more…there are so many uses of blockchain and we’re really just scratching the surface of what’s possible with things like NFTs, secure currencies, and more creative uses of the tech. Blockchain and Cryptocurrency have been rapid in their growth, but some people still don’t know all the different ways that this … Continue reading The Creative Uses of Crypto and Blockchain Many People Haven't Heard Of

SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon

The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Terraform Labs and its co-founder, Do Kwon, by submitting a demand for the company to pay civil fines and disgorgement in the amount of billions of dollars. The SEC has filed a petition in response to a judgement in a civil matter, … Continue reading SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon

USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth

The United States of America (USA) and Nigeria are poised to explore potential partnership opportunities in the digital economy, emerging technology, and the advancement of artificial intelligence (AI). The discussions aim to strengthen economic ties between the two countries and foster deeper collaborations in these areas. The Deputy Chief of Mission at the U.S. Embassy, … Continue reading USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth

AI bias: how blockchain can ensure its safety

As artificial intelligence (AI) becomes increasingly integrated into our daily lives, concerns about bias within AI systems have garnered significant attention. Bias in AI refers to the systematic errors or inaccuracies in decision-making processes, often resulting from the unconscious prejudices of its developers or the data used to train the algorithms. Addressing bias in AI … Continue reading AI bias: how blockchain can ensure its safety

Is It Wise for E-Commerce Stores to Accept Crypto As Payment?

Everyone is aware of crypto these days. Once obscure, these digital assets are rapidly integrating into the mainstream, particularly in the realm of e-commerce. The industry is predicted to grow from its previous perception as a niche investment for tech enthusiasts to $2.9 billion by 2030. The increasing digitisation of various aspects of life demands … Continue reading Is It Wise for E-Commerce Stores to Accept Crypto As Payment?

Israeli Central Bank Official Embraces CBDC Competition with Banks for Economic Growth

Israeli central bank official, Andrew Abir, sees the introduction of the digital shekel as a catalyst for technological advancements that will drive competition in the banking sector. He acknowledges the ongoing efforts to increase competition in the Israeli banking industry and states that there is still a long way to go. Abir notes that public … Continue reading Israeli Central Bank Official Embraces CBDC Competition with Banks for Economic Growth

Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?

What happened recently with the Libra Association? Made up of more than two dozen companies and based in Geneva, a few of the founding members, including PayPal, Mastercard, Visa, Stripe, Booking Holdings, and eBay, decided to leave the Libra project. A five-member board governance board was formed after the Libra Association reaffirmed its commitment by holding its inaugural meeting in Geneva, Switzerland, on Oct. 14. … Continue reading Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?