Author: Idowu Deborah

According to a public notice published in a government gazette, the Financial Advisory and Intermediary Services (FAIS) Act of South Africa officially recognizes cryptocurrency holdings as financial products. Crypto asset service providers (CASP), such as exchanges, must submit an application for a license because crypto assets have been declared financial products. Any Digital Representation of Value Not Issued by the Central Bank is Subject to This Declaration. Crypto assets have reportedly been recognized as financial goods under the financial advisory and intermediary services (FAIS) Act of Aoyth Africa, according to a newly released government gazette. The disclosure was authorized on…

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Ajman Police has established a Metaverse platform so that residents may communicate with each officer electronically while lounging at home. The adoption of blockchain-based technology is increasing in the United Arab Emirates (UAE), as seen by the country’s ongoing effort to integrate Metaverse into all governmental and commercial sectors. The Ajman Police in Dubai, UAE became the first law enforcement organization to introduce the Metaverse platform, according to a 16 October Khaleej Times report. Police stations will directly offer their services through the virtual world using the Metaverse platform. In summary, residents will find it simple to get in touch…

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The Swedish telecom hardware and service provider Ericsson has made a connection between the use of the metaverse platform and emerging technologies with 5G. A survey found that customers with 5G internet connections spend more time in extended reality and metaverse apps, and anticipate that these will move to headsets in the next two years. 5G will enable Metaverse The Swedish telecom firm Ericsson has published a study on the effects that advanced data transmission technologies, such as 5G, have on the adoption of the metaverse and extended reality technology. The study, which incorporates tracking data from Ericsson starting in…

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Sankore2.0, Kenyan Regional Hub will receive about $11 Million from the NEAR Protocol Foundation. In the plan of the NEAR Protocol Foundation, seven regional centers are included. Sankore2.0 is the only African hub included on the list. The NEAR Protocol Foundation reported in a 2022 transparency report that it gave around $33million to 3 regional centers throughout the world to help connect with people where they are. The following regions will each receives $100 million to establish regional hubs, according to the report: Ukraine Hub Kenya Hub-Sankore2.0 Balkans Hub Vietnam United States India South Korea The NEAR Foundation issued the…

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Nigerian business that uses the Flutterwave payment solution may now accept payment in the eNaira, the country’s Central Bank Digital Currency (CBDC ), which is accessible on phones. The Central Bank of Nigeria (CBN) recently intensified measures to encourage the adoption of the eNaira, which was introduced in October 2021 and has generated $9.3 million in transaction volume to date. Flutterwave is a fintech business that offers payment APIs for companies all over Africa with an emphasis on assisting foreign companies to integrate African payment methods. More than 100,000 enterprises are served by the company’s technologies, which have been transacted…

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OpenSea is now enabling artists to publish NFT drops on their own personalized drop pages where they can share photographs and videos, present team highlights, reveal their roadmaps as part of its most recent commitment to improve narrative and discoverability for its users. The platform explains in its blog post about the announcement: “Drop pages will include information about the drop, the minting schedule, a countdown clock, and of course — an NFT gallery. We’ll also allow collectors to set alerts via email or add to their calendar to remind them when to return to mint.” Users will have access…

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A recent study found that despite the decline and volatility in the cryptocurrency market, developers are not relenting in creating new coins. The majority of crypto assets have not been in much better shape since December 2021, and the situation is awful right now. Even the most valuable crypto asset, Bitcoin, has fallen by over 71% from its peak. The price of Bitcoin had decreased by about 8.14% during the previous weeks to $19,148. In the past three months, 1,084 new coins have been released by the teams of crypto projects, according to data on the Coinmarketcap website. The overall…

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The integration of Elrond Blockchain with Opera will enable access to the Web3 ecosystem for more than 300 million users Elrond is one of the first Carbon-negative blockchains in Europe. Through the integrated Opera wallet, users of Opera would be able to immediately access a variety of decentralized applications (DApps)and other services. Elrond (EGLD) provides a range of infrastructure services for DApps, business use cases, and the emerging internet economy. The adaptive state sharing of the blockchain makes it one of the quickest and most effective networks. Opera users will now be exposed to the Elrond Standard Digital Token(ESDT), a…

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The European Union bloc has announced the “thrive in the metaverse,” a project meant to create “a Europe fit for the digital age,” which was permitted as a “key”in the state of the Union letter of objective written by Ursula von der Leyen, President of the European Commission. The notice comes as nations plan to adopt a regulatory framework for the metaverse activities. Commissioner for the internal market of the European Union, Thierry Breton, describes many measures the commission will take to handle the difficulties while setting standards to promote interoperability. “Private metaverses should develop based on interoperable standards and…

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Reports according to blockchain analytic platform, BlockSec revealed that Ethereum Proof-of-work (ETHW) encountered “Replay attack”, however, this attack was not on the chain level. Ethereum Proof-of-work (ETHW) is definitely a true Ethereum blockchain network on Proof-of-work consensus, however, there is a significant difference in the backing value of ETHW from ETH Pos. But we can say that there was an exchange between the ETH token of Proof-of-work to ETH Proof-of-stake which bought us to the current value of ETHW which is 95% down. Crypto blockchain analytic firm, BlockSec notified the crypto community on the 18th of September that some unscrupulous…

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