Author: Alice Eze

Rug pull is a growing trend in the crypto market and it is every trader’s nightmare as it has cost them their investments. It is for this reason that investors are advised to always do extensive research before investing in crypto projects. Last week, Squid Game which is a cryptocurrency that is based on the popular South Korean Netflix series, Squid Game, traded on the decentralized exchange platform, PancakeSwap. No sooner had it begun trading than the DeFi project quickly gained ground, mainly because users assumed it was affiliated with the Netflix series. However, red flags began to pop up…

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Investing in good crypto projects in their early stages and making a great amount of profit off them is the dream of every crypto trader. Factors like initial DEX offerings (IDOs), airdrops, and the hype as well as attention that these crypto projects generate, are contributing factors to the surge in the prices of these coins. Despite these, traders have lost their investments to scam projects by scammers and crypto developers who abandoned crypto projects and ran away with investors’ funds. In fact, about 90% of new coins are said to be scam projects or pumps and dumps while a…

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The evolution of Bitcoin and other cryptocurrencies has not only commanded significant attention, but has also threatened the very foundations of the financial system as we have it today. Before now, people had focused on the cryptocurrency itself and not the technology behind it. This isn’t a surprise because people tend to focus on the gain in an asset before even considering the technology that runs the process. The surge in the value of cryptocurrencies today may have much to do with the blockchain technology itself rather than the digital currencies. It is for this purpose that we will be…

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Decentralized finance is a popular term in the crypto ecosystem. DeFi for short, decentralized finance is a blockchain technology that eliminates the use of intermediaries like brokers, banks in traditional finance, and decentralized ledgers. They enabled smart contracts and protocols engineered by Artificial Intelligence (AI) and computer algorithms, and offer profits and interest through trade using digital assets. Ethereum supports most decentralized finance applications and assets. Understanding DeFi lending DeFi lending enables trading between two parties, with provisions for a third party depending on the permission of the Application Programming Interface (API) It allows borrowers to quickly access crypto loans…

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Following the launch of the first bitcoin exchange-traded fund (ETF) in October 2022, bitcoin futures open interest continues to soar. In recent times, bitcoin derivatives have increased a little bit, and in recent times, and bitcoin futures have witnessed significant market growth following the launch of the Valkyrie and Proshares bitcoin futures ETFs. In fact, Skew, an analytics group, had tweeted that Chicago Mercantile Exchange (CME) Group’s bitcoin futures open interest had reached a new all-time high after Valkyrie launched its ETF. According to statistics from coinglass.com, during the first week of November, bitcoin futures open interest is $24.32 billion…

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Sympl, a fintech startup that is based in Egypt, has secured an undisclosed investment from venture capital firm, A15. This initial investment by A15 helped bring Sympl to the market and aided the development of the startup’s checkout platform. Sympl and A15 will collaborate to continuously contribute to Egypt’s ongoing commitment to a cashless society, and drive innovation in the country’s payments sector. According to Sympl’s CEO, Mohamed El-Feky, the startup is pleased with the partnership “A15 has been a crucial partner in the early stages of our growth. Their support in product development initiatives, tech integrations and connections to…

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Microsoft, leading computer software and applications developer, has announced that it will be launching Mesh, a metaverse-inspired feature, for its Teams app. This is coming barely a week after Facebook changed its company name to Meta, sealing its vision of becoming a metaverse-dedicated company. Mesh will enable users to have a personalized experience and feel more involved in meetings by introducing avatars — which are digital representations of the users — in team calls. Users will also be able to meet and greet one another without hitches and in real-time. People with smartphones, laptops, holographic devices, etc., will be able…

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Metaverse is an integration of virtual reality, augmented reality, and the internet. The blockchain metaverse combines both the physical and virtual worlds together with a focus on a totally working economy. However, that is not the only detail about the blockchain metaverse. It also ensures the a travel possibility for users to different destinations within the metaverse. Cryptocurrencies currently account for a market valuation of more than $10 billion. The fact that cryptocurrencies function only in respective platforms, means that the multi-billion dollar market could disappear if something goes wrong. With Non-fungible tokens (NFTs), that problem is solved. NFTs can…

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World’s second largest cryptocurrency exchange, Coinbase, has introduced a new feature that would enable users take credit loans. Using their Bitcoin as collateral, eligible customers can now take a maximum loan of 40% of the value of their Bitcoin value without prior credit checks, with the highest limit of $1 million. In an official statement, Coinbase said the feature will only be available for customers in 20 states in the United States but indicated plans to roll out the feature to the entire US market soon. Also read, How to use Coinbase in Nigeria This new feature requires customers to…

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The Sandbox, a blockchain and NFT gaming platform has raised a $93 Million Investment fund from the Vision Fund 2 fundraising by Softbank. Primarily owned by Animoca, The Sandbox enables players to create, monetize and trade NFTs used as assets, and facilitates the building of unique and personalized worlds within its Metaverse. Little wonder its native token, SAND, appreciated significantly over the past few days following the recent focus on Metaverse tokens and Facebook’s announcement of its parent company’s name change to Meta Platforms Inc. The virtual gaming platform gained a significant number of users, recording a transaction volume of…

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