Due to an episode of increased volatility which has led to a decrease in the reserves of its dollar-pegged stablecoin dai, MakerDAO has instituted a series of interim fee adjustments intended to strengthen the protocol. The recommendation was brought out by BA Labs, a member of Maker’s Stability Advisory Council,
March 10, 2024 1 min read
Investors are ecstatic about the Bitcoin rise, but the Coinbase exchange’s platform is responding poorly. In the midst of Bitcoin’s new all-time high (ATH), Coinbase has reported yet another downtime. The crypto exchange has experienced three outages in the last two weeks. The platform collapsed, causing significant disruptions according to
March 9, 2024 2 mins read
The price of Bitcoin (BTC) has skyrocketed to a new All-Time High (ATH) of $70,000, marking a first for the cryptocurrency in over 14-year of existence. The price of Bitcoin (BTC) witnessed massive bullish momentum today, and breached slightly above $70,000. Since the new year began, the value of BTC
March 8, 2024 2 mins read
In an effort to better control the operations of cryptocurrency companies, the Nigerian SEC has issued new regulations. Reportedly, this new set of rules is an effort to reduce instances of digital currency fraud and money laundering. The revision of operating standards coincides with the fact that Binance, a leading
March 7, 2024 2 mins read
A $4.5 million fundraising round sponsored by Hashed and Gumi Cryptos has been concluded by Blackwing. The funding will go toward creating the first modular layer 2 blockchain, which will enable liquidation-free leveraged trading of any asset. Users may trade with borrowed funds on the blockchain without having to worry about forced
March 7, 2024 2 mins read
The world’s biggest cryptocurrency exchange by trading volume and leading blockchain ecosystem, Binance, is bringing a new dimension to the world of finance and fragrance with the launch of its premium perfume, CRYPTO. This innovative marketing campaign, which was organized by Binance’s female marketing professionals, is timed to coincide with
March 6, 2024 3 mins read
Very soon after reaching an all-time high (ATH) of $69,170, Bitcoin is already seeing a dramatic decline in its price. Up until recently, the Bitcoin price has maintained a steady upward trajectory this week. BTC’s price has fallen 7.48% in its most dramatic and sudden drop since the beginning of
March 6, 2024 2 mins read
In light of the increased scrutiny that Binance in Nigeria has been receiving, the crypto exchange—recently announced its intention to end all services related to the Nigerian Naira (NGN). Binance seems to have come under further scrutiny due to its past legal troubles on an international level, in the midst
March 5, 2024 1 min read
Investors and market experts are taking notice of the substantial transaction that the Ethereum Foundation has completed, selling off $13.3 million worth of Ethereum (ETH). People are talking about how this action by the foundation, which is highly vital to the cryptocurrency industry, may affect Ethereum’s market position. Ethereum has
March 5, 2024 1 min read
The Worldcoin (WLD) cryptocurrency is now under investigation by the South Korean Personal Information Protection Commission (PIPC), which is based on concerns about user privacy. The project’s data gathering tactics and regulatory compliance have been the subject of concerns in the crypto community and the larger tech sector due to
March 5, 2024 2 mins read
