Blockchain & DeFi

The recent exit of Binance from Nigeria has sent ripples through the country’s cryptocurrency community, evoking both concerns and prospects for the future. Local stakeholders within the crypto sphere have expressed dismay over the prohibition of Binance’s naira operations, highlighting potential repercussions on the livelihoods of Nigerian citizens and the looming specter of increased youth unemployment. In an official…

The decentralized finance (DeFi) sector hit a significant milestone on March 9 as the total value locked (TVL) in DeFi protocols soared past $100 billion, indicating renewed enthusiasm in the crypto market. However, this achievement still lags behind the record high of $189 billion set in November 2021.  The TVL in DeFi protocols skyrocketed to $100.1 billion, with a…

Bitcoin Dogs, the groundbreaking project heralding the world’s premiere Initial Coin Offering (ICO) on the Bitcoin Blockchain, is entering its final phase as it approaches the conclusion of its presale, with just seven days remaining. Within a remarkably short timeframe of fewer than 23 days, the project has successfully raised over $8.1 million primarily through the sale of its…

In a bid to nurture burgeoning crypto startups, Tencent Cloud, the cloud services wing of the Chinese titan Tencent, has penned a pivotal memorandum of understanding (MoU) with Ras Al Khaimah Digital Asset Oasis (RAK DAO), an emblem of the United Arab Emirates’ crypto-centric free economic zone. On March 7, RAK DAO disclosed the signing of the MoU, aiming…

Uniswap (UNI), the governance token of the decentralized exchange, has witnessed a remarkable surge, climbing by 46% to trade above $17. This surge brings UNI to levels last seen in January 2022. Accompanying UNI’s price rally is a staggering 120% leap in trading volume over the last 24 hours, totaling $1.18 billion. Moreover, UNI’s market capitalization has soared by…

Humanity Protocol, a cutting-edge project at the intersection of blockchain and digital identity, has garnered significant investment support from leading venture capital firms within the cryptocurrency space. Backed by prominent names like Animoca Brands and Polygon, the project recently concluded a successful funding round. On February 28, Humanity Protocol announced strategic investments from notable companies such as Hashed, CMCC,…

Valour Inc., a leading issuer of Exchange-Traded Products (ETPs) and a subsidiary of DeFi Technologies Inc., has unveiled a groundbreaking partnership with the Internet Computer Protocol (ICP), introducing a novel physical-backed ETP for the ICP token (ISIN: GB00BS2BDN04). This strategic collaboration, announced in Lisbon, Portugal, on March 5th, 2024, marks a significant milestone for both entities. The Valour Internet…

The United Arab Emirates (UAE) Digital Economy Council recently convened to showcase the nation’s remarkable strides in digital adoption. Chaired by Omar bin Sultan Al Olama, the Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, the council affirmed the UAE government’s proactive stance in crafting visionary goals and initiatives to spearhead a cutting-edge digital economy.…