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Showing posts from March, 2021

The Blockchain League Monthly Meetup

 The Blockchain League is a community of enthusiast that seek to promote blockchain and cryptocurrency adoption through knowledge sharing, networking and exploring available opportunities in the space collaborating with individuals with experience in the space to come share insights. and the community organizes a monthly meetup to foster this movement. Today Sunday 28th march 2021 the community would be having her MEET & GREET 5.0 with same goal. and with Convexity the first blockchain hub in Abuja playing host to the community. we are also excited to have a marketing associate with paxful  mr Emeka  Ezike, Temple Ben a crypto trader and founder of cryptotemp, and a host of other professionals in the space. join us by 1pm at no 3 Rabat street wuse zone 6 Abuja.

Brave (BAT) Joins the BSC Ecosystem To Accelerate DeFi Adoption

  Basic Attention Token (BAT), the native token to Brave privacy browser, explores multiple blockchains as a part of its  Themis initiative  and is now also available on Binance Smart Chain (BSC) as  wrapped BAT . BAT holders can use numerous bridges that connect Ethereum and Binance Smart Chain to participate in the DeFi ecosystem on BSC.  Brave’s browser wallet currently supports Ethereum and BSC through a configuration change in the wallet, but Brave is planning to preconfigure support for Binance Smart Chain later this year. This will allow users to access BSC without downloading additional apps, creating new wallets, and updating configurations in the Brave wallet. Given the low transaction costs on BSC, Brave is also exploring the use of BSC to enable P2P tipping within the Brave browser.  BAT holders can participate in BSC-based projects such as  PancakeSwap  and  BakerySwap  for trading,  Beefy Finance  for yield optimization, and many more, including  Venus ,  DODO ,  OpenOcea

DEUTSCHE BANK EXPECTS BTCOIN REGULATION BY THE GOVERNMENT BY THE END OF 2021

DEUTSCHE BANK EXPECTS BTCOIN  REGULATION BY THE GOVERNMENT BY THE END OF 2021  Global banking giant Deutsche Bank expects governments to start regulating Bitcoin by the end of 2021. Bitcoins potential and continued growth have made it impossible to ignore, BTC market cap of $1 trillion. making it the famous cryptocurrency. The financial research subsidiary of global banking giant Deutsche Bank issued a report focusing Fully on bitcoin, tagged "The future of payments: Series 2 part III. Bitcoins: Can the Tinkerbell Effect Become a self-fulfilling prophecy?" According to the research Deutsche Bank Research describes the basic characters of Bitcoin and analyses it's historical price growth to a $2trillion asset, as described on page 18 of the study.  Analysis carried out by the Deutsche Bank, Bitcoin price "could continue to grow" higher as long as the asset managers and Companies continue to Enter the market. It's clear to Central banks and The government that

70 million merchants Will be Able to spend crypto: Visa CEO

  Speaking on Fortune’s Leadership Next podcast  on March 16 , Visa CEO Al Kelly said the payment processing giant intends to bring Bitcoin onto the Visa network, making it easy for customers to spend and buy with their cryptocurrency. “We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, is “working with bitcoin wallets to allow bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.” "The company’s goal, is to preserve its intermediary role as digital assets see mainstream adoption". -  Kelly, But then, this is the issue Nakamoto wanted to address with the development of the bitcoin cryptogarphy, in efforts to eliminate third party interference in financial transactions. The very first sentence of the  Bitcoin whitepaper  describes it as “a purely peer-to-peer version of electronic cash would allow online payments t

Understanding Tokens And Coins

WHAT ARE COINS AND TOKENS In cryptocurrency, coins are native to their own blockchain, Which are often used as money. whilst tokens have been built on another blockchain like Ethereum or waves. Entering the cryptocurrency market can be complicated, hearing about bitcoin and a thousand other coins that exist could also be a strong bone to swallow at a time. Thus in other to have a smooth ride in the space, first identify the difference between a coin and a token. what is a coin? : Coins refer to any cryptocurrency that has an independent blockchain-like bitcoin. These cryptocurrencies are built from the scratch. Bitcoin exists as a censorship-resistant store of value, and medium of exchange that has a secure, fixed monetary policy. Making bitcoin the most liquid cryptocurrency in the market and has the highest market cap in the cryptocurrency sector. Ethereum is another example of a coin, ETH is the native coin of the Ethereum ecosystem and smart contract platform for creating general-

ROMANIAN HACKER BARBER; ARRESTED FOR STEALING $620 IN CRYPTO

ROMANIAN HACKER BARBER; ARRESTED FOR STEALING $620 IN CRYPTO A Romanian barber has been accused of hacking a company in the cayman islands, he is suspected of stealing over $620,000 in cryptocurrencies. 38years Old Ionel Roman, from the southern city of Craiova, was apprehended on March 5, was charged with hacking, IT fraud and money laundering. In late January, Roman launched a cyber attack on a Cayman island-based company, "the seventh-largest cryptocurrency operator in the world," says prosecutors. The hack was successful and the barber collected fiat from his clients and sold cryptocurrencies to them worth about $620,000. The hacker barber withdrew these Funds on different occasions with numerous sums of 10,000lei ($2,449) which led to the need for identity credentials for identification. The Directorate for investigating Organized Crime and Terrorism (DIICOT) seized over 10,000 lei from Romans home and other electronic equipment. The arrest was obviously triggered by hug

DEGO - A Cross-Chain NFT+DeFi Protocol & Infrastructure Technology

Dego.finance is building a cross-chain NFT + DeFi protocol and infrastructure, dedicated to exploring the utility and adoption of NFTs, including NFT minting, mining, trading, auctions and more DeFi applications.   Dego.finance also offers a cross-chain infrastructure to enable blockchain projects to grow their user base, distribute tokens, and to develop more diverse NFT-powered applications. Dego.finance is also building a Parachain through Substrate, enabling cross-chain NFT asset transfers, combining applications and underlying protocols.   Dego.finance consists of a complete suite of products to manage the lifecycle of NFTs, including Blind-box, NFT Foundry, Mining, Auction and a trading venue at Treasureland.market . The project developed ECR908/BEP908 (on Ethereum and Binance Smart Chain respecitvely), the Protocol for empowering NFTs, including various features such as Separation of Ownership and Utility of an NFT, Flexible Synthesis and Separation functions between NFTs, Shar
RIPPLE GIVEAWAY SCAMS:RIPPLE ENDS YOUTUBE LAWSUIT  Brad Garlinghouse Ripple CEO announced on March 9, that the company has ended its lawsuit against Youtube for the alleged XRP giveaway Scams. In April 2020, a lawsuit was filed by Ripple and Garlinghouse against Youtube LLC. Claiming that the platform benefited from the fraudulent activity, and it failed to exercise administrative powers to hinder it. “Last year, @Ripple and I sued @YouTube for failing to enforce its own policies by allowing fake accounts (impersonating my/Ripple’s verified accounts) to conduct XRP giveaway scams. We’ve now come to a resolution to work together to prevent, detect and take down these scams.” The scams made use of Spear-phishing attacks, a users account was used to commandeer and it's content erased. The account would then be set up to look like a known cryptocurrency figure, Such as Garlinghouse himself. A fake XRP giveaway would then be launched, which raised funds between 5,000 and 1,000,000 XRP f
WHAT YOU NEED TO KNOW ABOUT  NON FUNGIBLE TOKENS NFTs (or "non-fungible tokens") are a kind of digital asset with a unique kind of token-unlike other assets like bitcoin and dollar bills which have a particular and fixed amount that is accepted by all, NTFS have a unique price for every token. Every NFT is Unique, they can be used to authenticate ownership of digital assets like musical records, artwork, virtual real estates and pets. NFTs could be likened to a kind of certificate of authenticity for digital artefacts. They're are actually been used to sell a huge range of collectables currently including: *A tweet by Dallas Mavericks owner and entrepreneur Mark Cuban. *Video art by Grimes *The Original "Nyan cat" meme *Virtual real Estate in a place called Decentraland  and others...   As other digital assets like Bitcoin and other cryptos has grown in popularity over the years, NFTs have also soared — growing to an estimated $338 million in 2020. Each NFT is s
  Egyptians are buying bitcoin ignoring the new banking prohibition laws Despite the recent new banking law, Egyptian crypto trading volume and exchange sign-ups increased tremendously these past months, capping up an already high volume in January 2020. The U.K based cryptocurrency exchange CEX.io rose by about 250% in January form the past month. Konstantin Anissimov, the firms executive director made it known that bitcoin (BTC -3.63%) Trading volumes in Egypt on CEX.io had more than  400% from December to January, also other crypto platforms in the country experienced such trends. For Other peer-to-peer crypto trading platforms like LocalBitcoin and Paxful, the rise was more gradual. The platform experienced steady growth in public trading. On local Bitcoins, new users registrations and trading volumes were up 100% between 2019 and 2020 in Egypt, says Jukka Blomberg, the firms chief marketing Officer. According to the CMO, in terms of new Egyptian users and trading volumes, January