Blockchain News

Saudi Arabia has joined the new international payment system project mBridge. A step closer to the end of the petrodollar and bitcoin… mBridge The Bank for International Settlements (BIS) and the central banks of China, Hong Kong, Thailand, and the United Arab Emirates have been working on the mBridge project for over three years. It is an […]

The chairman of Nigeria’s Economic and Financial Crimes Commission, Olanipekun Olukoyede, has highlighted blockchain technology and artificial intelligence (AI) as tools to address illicit financial flows (IFFs) in Africa. According to local media, Olukoyede highlighted the $88.6 billion lost annually in African countries due to IFFs at the Pan-African Conference on Illicit Financial Flows and Taxation. […]

The U.S. Securities and Exchange Commission on Friday sued cryptocurrency firm Consensys, alleging it has failed to register as a broker through its MetaMask swaps service. Consensys also failed to register the offer and sale of certain securities through its crypto staking programs, which allow users to lock up tokens for a certain period of […]

It is no more news that virtual coins and digital currency are fast gaining traction and transforming the financial and technology landscape. Individuals and businesses of all sizes worldwide are adapting to this fast-evolving ecosystem. With the adoption of crypto, there is little to no worry regarding transactions, security, and authenticity of payments. But industry […]

Like many so-called “Ethereum killers,” the Solana blockchain has yet to deliver on its promises in any meaningful way. Despite being theoretically fast and scalable, the network has a history of repeated network outages that are never fully resolved. It does not perform adequately under full network capacity. It’s supposed to process 50,000 transactions per second (TPS), […]

Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued detention of the Binance executive could jeopardize valuable collaborations and associated benefits. Nigeria’s National Interests A […]

The number of Bitcoin “whole-coiners” — a name given to addresses holding one or more Bitcoin — has remained above 1 million for the last 13 months. The one million “wholecoiner” milestone was first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode. This number of wholecoiner wallet […]

Polkadot’s recent commitment of $14 million worth of its native token DOT to its DeFi project ‘Hydration’ underscores a significant trend in the blockchain industry: major players are intensifying their support for decentralized finance (DeFi) initiatives. This investment not only boosts the potential success for Hydration but also signals a robust confidence in the DeFi sector that […]

Investcorp is riding the wave of a growing trend: tokenizing a portion of its private-market offerings on the blockchain. The investment firm just announced it has partnered with digital-assets specialist Securitize to make its latest GP-stakes fund available for individual investors on a public blockchain. The offering will be part of Investcorp’s fundraising efforts for the second iteration […]

Worldcoin, the iris-scanning biometric digital identity project, and the Web3 development platform Alchemy revealed a new partnership to build out the infrastructure for the World Chain ecosystem. On June 26, Worldcoin announced that its collaboration with Alchemy will give World Chain developers immediate access to its complete and comprehensive Web3 developer platform. This includes both […]