Author: Precious Udeorah

Blockchain security is basically a thorough risk assessment process carried out for a blockchain system or network to assure its security. By using cybersecurity frameworks, secure coding practices and security testing methodologies, blockchain solutions can be secured against online scams, data breaches, and other cyberattacks. Blockchain technology is deployed by businesses to manage digital transactions, distributed databases, cybersecurity, and healthcare to create blockchain-based solutions for their clients. The main advantage of employing blockchain technology is that it guarantees transaction security thanks to its cryptographic, decentralized, and consensus-based features. While the adoption of blockchain offers numerous benefits for international businesses, it…

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Cryptocurrency ATMs will surpass 39K worldwide this week. According to statistics compiled by Coinatmradar, 614 crypto ATM operators have actually installed 39,011 cryptocurrency ATMs in 77 countries.  Around 969 crypto ATMs were installed on January 1, 2017, and since then, that number has increased by 3,925 percent. Geographically speaking, North America is in the lead with 37,081 machines, or 95.1% of all the crypto ATMs worldwide. With 34,299 machines, the United States controls 87.9% of the total number of crypto ATMs installed worldwide. Around 4.9 percent of crypto ATMs are active now in the rest of the world, with Europe…

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One of the first businesses to make the metaverse a core component of its business strategy, Meta is preparing to issue debt to fund a portion of its ongoing operations and keep a robust free cash flow. The corporation will issue $10 billion in bonds as portions of the first debt offering of this kind for the computer giant, according to reports from sources close to the deal. Investors have offered $30 billion to profit from the operation, which was scheduled to take place on Thursday. The bonds will have durations ranging from five years to forty years, with the…

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Following the April bitcoin market crisis, a new study rated Nigeria as the country with the highest interest in cryptocurrencies among English-speaking nations. The results of a study conducted by Coingecko show that Nigeria’s score of 371 beats out Singapore in third place by 110 points and the United Arab Emirates (UAE), which came in second, by 101 points. According to a report published by the cryptocurrency price tracker Coingecko, Nigeria’s central bank ordered financial institutions to prohibit crypto firms from the banking sector: “Nigeria topped the list of countries whose people searched the most globally for the terms “cryptocurrency,”…

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Xend Finance has developed XendBridge to offer everyone access to international money market, so users may save and invest in safe currencies Users of the Xend Finance platform can also establish their own credit unions and cooperatives, doing away with the need for conventional middlemen, and earn up to 15% annual percentage yield on their deposits. After receiving US$1.5 million in funding from backers like Binance Labs, Google Developers Launchpad, and AU21 Capital, the startup launched its platform publicly in late 2020. In February 2021, it raised an additional US$2 million in a follow-up round. Also read, Xend Finance launches…

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The conflict between the meme coins Shiba Inu and Dogecoin is now almost legendary. Like any great competition, these two digital assets had pushed one another to the limit. Both of them later pulled out as their prices fell, though, as the euphoria surrounding meme coins faded. Which of these investments has kept its profitability the highest when the market enters another slump, even though both have generated enormous returns for investors? Dogecoin had sprung from the ashes after the meme stock mania and recorded one of the most incredible rallies the cryptocurrency world had ever seen. Also read, Shiba…

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The Hong Kong University of Science and Technology (HKUST) revealed in a news release that it will launch the first physical-digital twin campuses in the Metaverse in September. On a virtual campus, the students can take classes, connect with peers, and attend open days using visualization tools, virtual reality (VR) headsets, cameras, and sensors. The institution’s academics Wang Yang, the Project Lead of MetaHKUST, and Pan Hui, the director of the Computational Creativity and Center for Metaverse and, are collaborating on an extended-reality classroom project where students from Hong Kong and Guangzhou can attend classes concurrently. In XR classrooms, specialized…

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Gamers will be introduced to blockchain gaming through the hosting of “Gameathon,” the largest play-to-earn video game tournament in Africa, by Gamic Guild, a platform that offers users a wide selection of NFT games to play while earning rewards. The biggest play-to-earn gaming guild in Africa, Gamic Guild, offers players a variety of ways to get money by participating in blockchain-based games. Gameathon is an Esports competition designed to bring together millions of gamers worldwide and introduce the play-to-earn gaming concept to African audiences. This enormous virtual gaming event, which is scheduled to be broadcast online across several platforms on…

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The majority of people have access to credit cards, with which they can purchase products they would rather wait to pay for in full. But some also have access to Bitcoin. If you have both, which one should you use and when should you utilize them to make the most of your money? Peer-to-peer transactions, which cut out all parties but the two carrying out the money exchange, are how Bitcoin was intended to work. Also read, Crypto vs Credit Card Your own digital wallet is where your bitcoins are kept. It is not necessary for you to rely on…

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A platform for Web3 digital identity, Unstoppable Domains, with over 2.5 million NFT domains registered, announced that it has closed $65 million in Series A funding at a $1 billion value. Pantera Capital served as the lead investor in the round, which included 17 additional investors, including: Pantera Capital, Gaingels, Mayfield, Alchemy Ventures, Spartan Group, Redbeard Ventures, OKG Investments, CoinDCX, Polygon, CoinGecko. In order to continue developing a platform for user-owned and portable digital identity, Unstoppable Domains stated that it will use the investment to support product innovation and expand collaborations in the Web3 sector. Paul Veradittakit, Partner at Pantera…

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