Reddit, the online discussion platform, has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The new avatars were released on April 5, 2023, and have generated a lot of buzz within the community. The non-fungible token (NFT) avatars were first introduced in July 2022 as a way to
The CEO of the Galaxy Digital Mike Novogratz, informed investors he is shocked at the amount of regulatory focus on cryptocurrency rather than the Artificial Intelligence (AI), a technology he says is causing identity crises. The digital investment CEO, explained that the U.S. government had its focus “completely upside-down,” stating that AI posed more threat to
The new world of Digit asset (cryptocurrency) has witnessed a massive growth in various part of the world starting from the European nations to Asia and down to the Africa continent. The digital currency which is designed to tackle the issue of third party and physical transactions is structured in a decentralised and centralised Exchange
Towards the upcoming G7 meeting in Hiroshima this May, Japan, The United States, The United Kingdom, Canada, France, Germany, and the European Union are expected to collaborate to provide a cooperative strategy for tougher global cryptocurrency regulations. The plan follows the collapse of the major cryptocurrency exchange FTX in November, which has laid bare the poor governance
An optimism-based decentralized finance (DeFi) platform, Kokomo Finance has perpetrated an exit scam, stealing nearly $4 million in users’ funds through “exit scam” over the weekend. According to blockchain security firm CertiK, Kokomo’s developers deployed an attack contract cBTC from the main address of the KOKO native token on Sunday, and then resetted the reward
The hacker behind Euler Finance’s $200 million exploit earlier this month sent back a majority of the stolen funds to the protocols today. Data from blockchain explorer Etherscan shows over 51,000 ether, valued at nearly $90 million as of Saturday, was sent back to the Euler deployer contract in early U.S. hours. However, the exploiter
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. The former cryptocurrency king was apprehended at the Podgorica airport with forged documents and an eight-count indictment against was made public in the US District Court in Manhattan. A federal grand jury
Animoca Brands, a Non-fungible token (NFT) and gaming investor based in Hong Kong that specializes in blockchain technology, has scaled back its target for its “metaverse fund” by 20% to $800 million due to recent volatility in the cryptocurrency industry. This represents another reduction in the company’s ambitions. The company had initially announced that it was working on
What is Ponzi scheme? Ponzi scheme is believed to be an investment swindle in which some early investors are paid off with money put up by later ones in other to encourage more and bigger risk. That is , Ponzi scheme deals majorly with investors money in circulation. The scheme has been carried out on
A legislative proposal from Florida Governor Ron DeSantis would prohibit the use of a national central bank digital currency (CBDC) as money within his state. He continued by stating that “The Biden administration’s efforts to inject a Centralised Bank Digital Currency is about surveillance and control,” “Today’s announcement will protect Florida consumers and businesses from the
