Tech News

The use of Central Bank Digital Currencies (CBDCs) has grown rampant in many nations across the world.  CBDCs are digital representations of cash, most times a legal tender. It has been around for over thirty years. The Avant smart card, launched in 1993 by the Bank of Finland, can be regarded as the first form […]

Web3 games and Metaverse projects raised $748 million since August 1, 2022, according to renowned data acquisition and analysis company DappRadar. In August, on average 847,000 Unique Active Wallets (UAW) interacted with blockchain games, down 11% from July. Blockchain-based games remain popular despite the market downturn. DappRadar said that blockchain and Metaverse companies have distributed […]

Ethereum (ETH) Co-founder and programmer Vitalik Buterin surprised most of his ETH fans when he showed up at Kyiv, Ukraine for the Tech Summit. Markedly, this is Buterin’s first visit to the war-ladened country as he was born in Russia. Based on information received from the organizers of the summit, Vitalik Buterin’s attendance was kept […]

American media magnate Mark Zuckerberg has recently received a letter from a group of Democratic senators that demands the efforts taken by his company Meta Platforms to combat crypto scams on its social media platforms Facebook, Instagram, and WhatsApp. New Jersey’s Bob Menendez-led group of senators included Ohio’s Sherrod Brown, Massachusetts’ renowned senator Elizabeth Warren, […]

New York-based blockchain analysis firm Chainalysis announced that it has been able to recover about $30 million from all of the funds siphoned from Axie Infinity’s Ronin Network  A large percentage of the stolen funds from this DeFi protocol trend is suspected to be linked with North Korean hackers like Lazarus Group which was discovered […]

British financial technology firm Revolut has been under pressure after the United Kingdom regulator, the Financial Reporting Council (FRC) discovered some flaws in its audit records. According to the Financial Reporting Council, the flaws include an unacceptably high risk of material misstatement. Initially, when the investigation began on the rapidly growing payment group, the firm […]

On September 3, a group of hackers took control of the South Korean government’s official YouTube account. They then used it to promote a crypto scam scheme featuring the likeness of Tesla CEO Elon Musk, who is also a Dogecoin supporter. According to the regional report by Yonhap News, the hackers modified the official channel’s […]

In partnership with Malaysia, Women In Blockchain Asia (WIBA) has announced the introduction of blockchain programmer courses precisely for women in seven Malaysian universities. The first cohort of these women-centered blockchain courses has been rolled out already. Attracting women to digital assets and blockchain technology is gradually taking preeminence in the crypto industry. Many countries […]

The Digital Dollar Project (DDP), a collaboration between Accenture and the Digital Dollar Foundation, has announced the launch of its Technical Sandbox Program which will accelerate the development and adoption of a United States Central Bank Digital Currency (CBDC).  The Technical Sandbox Program will explore various options including analyzing the technicality of implementing the CBDC. […]

One of Malaysia’s largest banks known as Kenanga Investment Bank has made another move into the crypto industry by entering a pact with Ant Group to launch its own line of crypto services.  In collaboration, they will be launching a crypto-friendly wallet and a trading platform that would be designed in form of a ‘Superapp’. […]

Chinese citizens can now pay for their public transportation fares with China’s central bank digital currency (CBDC) dubbed the e-CNY. Based on gathered reports, China has officially commenced the launch of its next round of CBDC’s pilot testing. For now, the use of e-CNY for the payment of transportation fares is active in several Chinese […]

Whitepay, the crypto processing offshoot of the Estonia-based Ukrainian cryptocurrency exchange Whitebit has launched a new payment option for crypto users which will allow them to pay for electronics goods in the country. Whitepay is enabling the crypto payment option with some of the most renowned tech stores in the country including Tehnoezh (Техно Їжак […]

With quickly increasing events across Ethereum and Binance Smart Chain and an upward trend, Tornado Cash has emerged as a popular platform for money laundering. After passing through the mixer, a large portion of the unlawful funds has lost track. 74.6% of stolen assets, or roughly 300,160 ETH, on the Ethereum network, were transferred to […]

Cryptocurrency custody firm Copper has announced its intention to employ the Solana (SOL) blockchain to provide decentralized finance (DeFi) service to institutional investors. According to a statement made by Copper, with this agreement in place, its customers can connect with decentralized applications (DApps) as well as perform transactions safely on the Solana blockchain. Ultimately, the […]

The Nigerian central bank digital currency (CBDC), e-Naira is set to enter into the expansion of its next phase with new technologies to attract more users.  Additional features that are targeted toward making the CBDC more appealing and accessible will be added to the e-Naira. During the just concluded 2022, e-Naira Hackathon held at Abuja, […]

The Chinese majority state-owned commercial bank, the Bank of China, has launched a program to create a bridge between elementary school education and smart contracts. Based on a news release from Sohu.com, ultimately, the deal is a collaboration between local education authorities, financial agencies, and the parents of the interested students. Interestingly, the program utilizes […]

Jump Crypto, a leader in Web3 infrastructure design, is working on building a new validator client for the Solana blockchain. This makes Jump Crypto, the first firm to build a validator for the network outside of the Solana team. The project will be written in C++ and will be led by Kevin Bowers, a former […]

Barely a few days after the United States Treasury Department sanctioned Ethereum (ETH) based cryptocurrency mixer Tornado Cash, many oppositions have risen in defense of the firm.  Coin Center, a non-profit advocacy group is making plans to take legal actions against the U.S government on its sanction against the mixer. The advocacy group tagged the […]